3 Year return

12.32%
Launched on July 2018 (6 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹15720.85 Cr.

Expense Ratio

0.51% (inclusive of GST)

Exit Load

For redemption/switch out of upto 8% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. 1.00% - If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment. Nil - If units are redeemed or switched out on or after 1 year from the date of allotment.

Ratings

ARQ Rating
2.5

Ratings by other agencies

3
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Kotak Mahindra Mutual Fund Managers

HK

Harish Krishnan

Fund Manager since Jan 2015

Fund House Details

Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund Asset management company

AUM ₹384,007.34 Cr.
No. of Schemes 175
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Kotak Mahindra Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Kotak Balanced Advantage Fund Direct Plan Growth

12.33%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Kotak Balanced Advantage Fund Direct Plan Payout of IDCW Payout

12.33%

About Kotak Balanced Advantage Fund Direct Plan Growth

The Kotak Balanced Advantage Fund — Direct Plan Growth is offered by Kotak Mutual Fund and categorised as a balanced fund that follows a dynamic asset allocation between equity and debt asset classes, depending on the prevailing market conditions. Its benchmark indices include the Nifty 50 Hybrid Composite Debt 50:50 Index and the Nifty 50 TRI, both of which are classified as high risk indices. The fund offers different payout options such as growth, payout of IDCW (Interest Distribution cum Withdrawal) and reinvestment of IDCW. The fund also carries no entry load and nominal or nil exit load, making it a cost-effective investment option.

Investment Objective of the Scheme

The Kotak Balanced Advantage Fund Direct Plan Growth aims to provide risk-adjusted returns by investing in both equity and debt instruments. The fund follows the principle of buying low and selling high and constantly adjusts the exposure to equity and debt depending on the prevailing market conditions.

Key Features of The Fund

5-year return 12.62%
Expense Ratio 0.51%
Fund Manager Harish Krishnan
Fund Size ₹15720.85 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Although the Kotak Balanced Advantage Fund Direct Plan Growth invests in a mix of equity and debt, the asset allocation is predominantly geared towards equity. You may consider adding the fund to your portfolio if you’re a risk-aggressive, equity-oriented investor willing to remain invested in the scheme for at least 5 years. Alternatively, you may also invest in the scheme if you’re looking for an actively-managed fund that is readjusted to navigate the highs and lows of the financial markets.

AMC Contact Details

Name Kotak Mahindra Mutual Fund
Launch Date December 1998
Addresss 2nd Floor, 12-BKC, Plot No C-12, G Block, BKC, Bandra (East), Mumbai - 400 051
Contact 18003091490 044-40229101
Email mutual@kotak.com
Website https://www.kotakmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of Kotak Balanced Advantage Fund Direct Plan Growth?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Kotak Balanced Advantage Fund Direct Plan Growth Apr 19 2024 is 19.135

What is the AUM of Kotak Balanced Advantage Fund Direct Plan Growth?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Kotak Balanced Advantage Fund Direct Plan Growth is 15720.85 crore.

What is the expense ratio of Kotak Balanced Advantage Fund Direct Plan Growth?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Kotak Balanced Advantage Fund Direct Plan Growth is 0.51%

What are the returns of Kotak Balanced Advantage Fund Direct Plan Growth since inception?

The Kotak Balanced Advantage Fund Direct Plan Growth was launched on Jul 13 2018. The fund has delivered a CAGR of 12.02 since inception.

What is the minimum SIP amount to invest in Kotak Balanced Advantage Fund Direct Plan Growth?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Kotak Balanced Advantage Fund Direct Plan Growth is 100.

How do I invest in Kotak Balanced Advantage Fund Direct Plan Growth?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Kotak Balanced Advantage Fund Direct Plan Growth?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Kotak Balanced Advantage Fund Direct Plan Growth?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Kotak Balanced Advantage Fund Direct Plan Growth?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.