Kotak ELSS Tax Saver Fund-Scheme-Growth

ELSS NAV 90.132 0 01 December, 2023

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 01 November, 2005
Benchmark NIFTY 500 TRI
Asset Size(Cr) 4198.5987000000005
ISIN No. INF174K01369
Turn over 14.27%
Min Investment ₹ 500
Min SIP Investment ₹ 1000
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.8
Fund Manager Harsha Upadhyaya
Fund House Kotak Mutual Fund

Investment Returns (As on 01 Dec, 2023)

Duration Returns Benchmark Category
1 W -0.93% 1.58% 1.68%
1 M -0.79% 4.02% 3.64%
3 M 2.87% 1.44% 1.64%
6 M 16.3% 0.35% -0.87%
1 Y 17.26% 7.25% 5.63%
2 Y 13.68% 12.49% 11.19%
3 Y 23.23% 23.79% 23.4%
5 Y 17.61% 12.46% 9.95%

Risk Mesasures (As on 01 Dec, 2023)

Std Dev Sharpe Beta Alpha
Fund 13.04 1.51 3.24 0.82
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 29 Sep, 2023)

Assets Allocation

Sector Holdings
Others 1.63%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Kotak ELSS Tax Saver Fund-Scheme-Growth 17.26% 23.23% 17.61%
ICICI Prudential ELSS Tax Saver Fund (Tax Saving) - Growth 13.77% 22.57% 14.68%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 16.1% 21.49% 17.75%
Axis Long Term Equity Fund - Regular Plan - Growth 9.41% 14.92% 12.84%
Aditya Birla Sun Life Tax Relief 96 - Growth Option 10.11% 11.45% 8.84%

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Kotak Tax Saver - Get the Opportunity of Tax Saving With Wealth Gain

Tax planning is an essential part of every individual liable to pay income tax. To reduce the burden of tax implications, Kotak Mutual Fund has provided Kotak Tax Saver Fund which allows investors to reduce the tax liability by up to Rs 46,800* every year under section 80C. Apart from that, the fund delivers fruitful returns in the long term on the invested amount. Tax saving mutual funds are called as Equity Linked Savings Scheme (ELSS) which have a lock-in period of 3 years on the invested amount.

Kotak Tax Saver Fund - Everything you Need to Know

This ELSS scheme has been a tremendous performer in recent years. Kotak Tax Saver Scheme was launched in November 2005 to allow investors with moderate risk appetite to reduce tax liability. As per the norms of Income Tax Law, 1961, an ELSS fund can reduce the taxable income by Rs 1.5 lakh every year if it is invested in an ELSS scheme. Kotak Tax Saver is a top-notch performer and follows an innovative investment strategy to deliver consistent gains to the investors.

What Have Investors Gained?

Right from the inception, Kotak Tax Saver Fund has impressed with the consistent performance, however it has failed to impress in the downtrends of the equity market. The investors have gained remarkable returns on the invested amount in the long term. The diversified portfolio of the scheme with decent allocation in the mid-cap stocks can be quite beneficial in the bullish phases. Under the suitable trends, an annual return of more than 12% can be expected although nothing can be guaranteed as it is a pure equity scheme. Potential investors can use the SIP calculator at MySIPonline to get the accurate idea of what can be gained from the scheme in the long term. The complex tax calculation according to the latest tax slabs can also be done within seconds by using the tax calculator at our website.

Kotak Tax Saver Fund - Where Does it Invest?

Just like any other equity mutual fund, ELSS mutual funds also invest in the equity instruments of companies with different size and sector. Kotak Tax Saver Fund invests the majority of the corpus in the large-cap stocks to stabilize the returns and reduce the fluctuation. A decent allocation is done in mid-cap stocks to garner high returns from the aggressive stocks. A residual proportion is also invested in the small-cap stocks. Even though the involvement of high risks stocks is notable but the volatility is much lower than most of the peers as evident by the standard deviation of the scheme in the last few years.

The fund manager Mr Harsha Upadhyaya restricts the volatility by diversifying the investments into a large number of stocks from different sectors. More than 50 stocks are chosen belonging to 13 different sectors. A perfect blend of defensive, cyclical and sensitive stocks greatly reduce the risk involved. Stocks are selected with a top-down approach and the investment is done in growth style. The growth prospect is carefully analysed while making the stock selection.

Advantages of Kotak Tax Saver Fund

  1. It allows tax saving as well as wealth creation in the long term
  2. It is a consistent performer in the category
  3. The fund involves lesser risk than most of the peers
  4. Availability of SIP investment mode which is more convenient and productive
  5. SIP option saves the investors from sudden tax implications
  6. The fund can enhance the tax planning by reducing the tax liability by Rs 46,800*

Is it Suitable for Everyone?

Kotak Tax Saver is a pure equity scheme that is less volatile than most of the peers but does possess a moderate amount of risk. However, in the tenure of 5 years or more, high returns are likely to be seen but frequent fluctuations can also be observed in the short term. Conservative investors who cannot take a high risk can avoid investing in this scheme while those who can stay invested for a long term can gain remarkable returns from Kotak Tax Saver. It can simplify tax planning and can allow investors to gain bountiful returns with the same investment.

Kotak Tax Saver Scheme allows investment through SIP as well as lump sum. However, to reduce the risk and save tax conveniently, the systematic investment plan is mostly preferred. Investors and potential investors must note that the fund has a lock-in period of 3 years after which no exit load is charged for redemption. For SIP investors, every periodic payment needs to be held for 3 years before it can be redeemed. To know more about the fund or to confirm how much tax you can save every month, connect with our tax planning financial experts.

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