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

INVEST VIA NRE/NRO

Kotak Savings Fund Growth for NRI [40.96]

Min Investment

100

Fund Size

12,646.1 Cr

Expense Ratio

0.8%

Exit Load

0%

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

40.96

0.02%

NAV as on 09 Nov 24, 12:00 AM

low to moderate risk

ultra short duration

debt

NAV as on 09 Nov 24, 12:00 AM

low to moderate risk

ultra short duration

debt

7.17%p.a.

Last 1Y

6.00%p.a.

Last 3Y

5.47%p.a.

Last 5Y

7.22%p.a.

Since Inception

About Kotak Savings Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Savings Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Aug 2004, Kotak Savings Fund Growth is Ultra Short Duration fund of its category with 12,646.1 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.

  • Kotak Savings Fund Growth delivered 7.2% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
  • Kotak Savings Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Top 10 Holdings

182 DTB 12122024

3.91%

364 Days T - Bill- 06/02/2025

3.10%

PTC - INDIA UNIVERSAL TRUST AL1-SERIES A1

3.06%

LIC Housing Finance Ltd

2.36%

Nirma Limited 0.083%

1.98%

IDFC First Bank Ltd.

1.93%

Bharti Telecom Limited

1.78%

182 DTB 23012025

1.55%

Small Industries Development Bank of India

1.54%

LIC Housing Finance Ltd

1.38%

Fund Managers

  1. Deepak Agrawal (Apr 2008 - Present)
  2. Manu Sharma (Nov 2022 - Present)

Key Information

View Scheme Document

Kotak Savings 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 Savings 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 Savings 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 Savings 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