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Kotak Tax Saver - Direct Plan


1 Lakh

Investment Grown to
₹ 1.42 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.29 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.80 -0.11 -0.13 1.58 6.60 16.56 23.23 12.30 10.43 15.15 --
S&P BSE 500 TRI 0.88 -0.13 -0.59 -0.73 2.23 11.54 13.92 10.45 8.06 12.69 --
Equity: ELSS 2.81 0.04 -0.24 0.94 3.92 14.01 17.59 10.38 8.66 14.90 --
Rank within category 6 27 17 15 5 9 8 11 9 13 --
Number of funds in category 38 38 38 38 38 37 36 34 30 28 1

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.47 (03-Sep-2013 - 10-Sep-2013) -8.30 (19-Aug-2015 - 26-Aug-2015)
Month 17.35 (07-May-2014 - 06-Jun-2014) -11.63 (22-Jul-2013 - 21-Aug-2013)
Quarter 23.07 (21-Feb-2014 - 23-May-2014) -17.75 (29-May-2013 - 28-Aug-2013)
Year 79.71 (29-Jan-2014 - 29-Jan-2015) -17.40 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.45 12.48 0.62 0.93 0.93 2.03
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 11.52 13.02 0.45 0.65 0.95 -0.04
Rank within category 11 10 9 7 14 10
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 42.24
Top 5 Stocks (%) 26.19
Top 3 Sectors (%) 49.87
Portfolio P/B Ratio 3.13
Portfolio P/E Ratio 26.49

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 62,565 90,653
Giant (%) 40.12 50.67
Large (%) 13.34 15.11
Mid (%) 36.94 25.96
Small (%) 9.61 8.61
Tiny (%) -- 0.26

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 36.13 7.07 2.50 6.37
equal Reliance Industries Energy 21.12 7.85 4.26 5.67
equal HDFC Bank Financial 25.23 6.92 5.10 5.10
equal Axis Bank Financial 42.77 6.65 1.37 4.90
up Larsen & Toubro Construction 18.10 4.68 1.80 4.15
equal AU Small Finance Bank Financial 52.54 3.69 0.00 3.69
equal GSK Consumer Healthcare FMCG 34.74 4.42 0.00 3.44
equal SRF Diversified 22.82 3.44 1.00 3.44
equal Kotak Mahindra Bank Financial 36.78 3.00 0.00 2.78
equal Tata Consultancy Services Technology 24.50 4.99 0.00 2.70
equal Infosys Technology 20.72 4.42 2.16 2.69
up Ultratech Cement Construction 35.94 2.73 1.80 2.49
equal Shree Cement Construction 64.13 3.59 2.29 2.39
equal Thermax Engineering 38.50 2.70 0.80 2.27
equal Coromandel International Chemicals 19.41 2.14 0.00 2.14
equal Gujarat Gas Chemicals 18.43 2.12 0.00 2.12
equal Bajaj Auto Automobile 16.37 2.47 0.00 2.07
up Jindal Steel & Power Metals -- 2.06 0.00 2.06
equal Rail Vikas Nigam Construction 6.86 2.22 0.00 1.78
equal SKF India Engineering 33.03 2.61 1.61 1.61
equal Dr. Reddy's Lab Healthcare 31.01 1.83 0.00 1.48
equal Linde India Chemicals 60.86 1.46 0.75 1.46
equal Solar Industries Chemicals 37.59 1.85 1.31 1.45
equal The Ramco Cements Construction 29.87 1.81 1.15 1.35
equal Nestle India FMCG 79.99 1.51 0.00 1.33

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Harsha Upadhyaya since 25-Aug-2015

Education: Mr. Upadhyaya is a B.E (Mechanicial) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.

Experience: Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.

Interviews:

Funds Managed:


-1.90%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 52.4960

Dividend: ₹ 23.1180


Investment Strategy

The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 14.45%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,155 Cr (As on 31-Jan-2020)
Expense: 1.24% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 13.38%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Dec-20190.3993

 27-Sep-20190.3692
 27-Jun-20190.4134
 29-Mar-20190.3807
 24-Dec-20180.3807
 26-Sep-20180.3984
 28-Jun-20180.3895
 23-Mar-20180.3800
 29-Dec-20170.4000
 28-Sep-20170.4000
 29-Jun-20170.4000
 29-Mar-20170.7500
 27-Jan-20170.7200
 21-Jan-20160.6000
 30-Dec-20140.1000

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM