NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Multi Asset Allocation Fund Growth for NRI [12.95]

Min Investment

21

Fund Size

7,652.91 Cr

Expense Ratio

1.7%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

12.95

-0.02%

NAV as on 18 Dec 24, 12:00 AM

high risk

multi asset allocation

equity

NAV as on 18 Dec 24, 12:00 AM

high risk

multi asset allocation

equity

17.99%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

23.69%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 7,652.91 Cr fund under management as on Dec 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 18.0% annual returns during the last year. It has delivered 23.7% 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

9.74%

Kotak Silver ETF

8.46%

Maruti Suzuki India Ltd

3.76%

HDFC Bank Ltd

3.54%

Infosys Ltd

3.28%

NTPC Ltd

3.25%

Hero MotoCorp Ltd

2.68%

State Bank of India

2.63%

ITC Ltd

2.62%

Power Finance Corp Ltd

2.33%

Fund Managers

  1. Abhishek Bisen (Sep 2023 - Present)
  2. Devender Singhal (Sep 2023 - Present)
  3. Hiten Shah (Sep 2023 - Present)
  4. Jeetu Sonar (Sep 2023 - Present)

Key Information

View Scheme Document

Kotak Multi Asset Allocation Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions