NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹5060.52
0.02%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
liquid
liquid
NAV as on 19 Nov 24, 12:00 AM
moderate risk
liquid
liquid
7.34%p.a.
Last 1Y
6.20%p.a.
Last 3Y
5.22%p.a.
Last 5Y
6.88%p.a.
Since Inception
About Kotak Liquid Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Liquid Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Liquid mutual fund scheme that predominantly invests in Liquid stocks of companies. Launched on Nov 2003, Kotak Liquid Fund Growth is Liquid fund of its category with 34,548.13 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Liquid funds.
- Kotak Liquid Fund Growth delivered 7.3% annual returns during the last year. It has delivered 6.9% average annual returns since the fund was launched.
- Kotak Liquid Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures and Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI/RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI.
Top 10 Holdings
Net Current Assets/(Liabilities)
8.60%
Punjab National Bank** Cd
7.65%
Hdfc Bank Ltd.** Cd
6.45%
Indian Bank** Cd
6.31%
Reliance Jio Infocomm Ltd.** Cp
6.04%
National Bank For Agriculture & Rural Development** Cp
5.74%
91 Day T-Bill 15.11.24
5.20%
6.18% Govt Stock 2024
5.07%
Idbi Bank Ltd.** Cd
4.59%
Union Bank Of India** Cd
4.23%
Fund Managers
- Deepak Agrawal (May 2007 - Present)
Key Information
View Scheme Document
Kotak Liquid Fund Growth SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on Kotak Liquid Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Kotak Liquid Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Kotak Liquid Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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