Kotak ELSS Tax Saver Fund-Scheme-Payout of Income Distribution cum capital withdrawal option

Kotak ELSS Tax Saver Fund-Scheme-Payout of Income Distribution cum capital withdrawal option is a scheme launched by Kotak Mutual Fund on November 23, 2005, and falls under the ELSS fund category. It currently manages an AUM of Rs 6,354.72 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 500. It charges an expense ratio of 1.77% for managing the portfolio.

• Investing Strategy:

  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 permitted from time to time.

• Performance:

  Kotak ELSS Tax Saver Fund-Scheme-Payout of Income Distribution cum capital withdrawal option trailing returns over different times are -2.4% (1 year), 16.18% (3 year) and 20.09% (5 year). The average annual return of this fund stands at -2.1%.