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
₹12.72
1.30%
NAV as on 23 Nov 24, 12:00 AM
high risk
multi asset allocation
equity
NAV as on 23 Nov 24, 12:00 AM
high risk
multi asset allocation
equity
24.31%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
25.50%p.a.
Since Inception
About Kotak Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Multi Asset Allocation Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Sep 2023, Kotak Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 7,485.05 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- Kotak Multi Asset Allocation Fund Growth delivered 24.3% annual returns during the last year. It has delivered 25.5% average annual returns since the fund was launched.
- Kotak Multi Asset Allocation Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to generate long term capital appreciation by investing in Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.
Top 10 Holdings
Kotak Gold ETF
10.36%
Kotak Silver ETF
9.36%
Maruti Suzuki India Ltd
3.85%
NTPC Ltd
3.70%
HDFC Bank Ltd
3.68%
Infosys Ltd
3.17%
Hero MotoCorp Ltd
2.87%
ITC Ltd
2.74%
State Bank of India
2.63%
7.18% Govt Stock 2033
2.32%
Fund Managers
- Abhishek Bisen (Sep 2023 - Present)
- Devender Singhal (Sep 2023 - Present)
- Hiten Shah (Sep 2023 - Present)
- Jeetu Sonar (Sep 2023 - Present)
Key Information
View Scheme Document
Kotak Multi Asset Allocation Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Kotak Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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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3Y Return
SBI Multi Asset Allocation Fund Growth
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13.9%
UTI Multi Asset Allocation Fund Plan Growth
high risk | equity
17.4%
HDFC Multi - Asset Growth
high risk | hybrid (nc)
11.8%
Frequently Asked Questions
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