KOTAK Tax Saver Fund * Return since Launch: 11.27% Invest Now

Kotak Tax Saver Fund Overview

Kotak Tax Saver Fund is an open-ended ELSS Fund. This fund is managed by 23rd November 2005. Kotak Tax Saver Fund was launched on 23rd November 2005. The benchmark of this fund is NIFTY 500. The exit load is NIL in Kotak Tax Saver Fund. The minimum investment amount is five hundred for this fund. The AUM of this fund is 518.5 Cr. As it is an ELSS Fund so this fund invests in equity so risk of this fund is moderately high. You also can get the tax benefit under section 80C, which can be up to Rs. 1.5lakh. Kotak Tax Saver Fund has 98.82% investment in Indian Stocks of which 60.5% is in large cap stocks, 24.38% is in mid cap stocks, and 11% is in small cap stocks.

Eligibility criteria of Kotak Tax Saver Fund

  • Adult citizens residing in India.
  • Minor through legal guardians/parents.
  • Limited liability partnership.
  • Religious and charitable trusts.
  • Banking and financial institutions
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • The Karta of Hindu Undivided Family (HUF)
  • Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Kotak Tax Saver Fund

KYC Documents:

  • PAN Card
  • Adhaar Card
  • Voter’s ID
  • Passport Size Photo
  • Download the KYC form
  • The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Kotak Tax Saver Fund

  • Small investment option.
  • Well organized investment.
  • Quick purchase and sell option.
  • You can track your investment.
  • You can invest in either SIP or lump sum way.
  • Kotak Tax Saver Fund is managed by experienced professionals.
  • Kotak Tax Saver Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
  • All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
*Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.