About Kotak Equity Arbitrage Direct - Dividend Fortnightly Reinvestment
Kotak Equity Arbitrage Direct - Dividend Fortnightly Reinvestment is a Balanced
mutual fund scheme from Kotak Mahindra Mutual Fund
. This scheme was launched on 01 Dec 2016 and is currently managed by its fund managers Hiten Shah
and Rukun Tarachandani
. It has an AUM of ₹15,972.44 Crores and the latest NAV decalared is ₹23.546 as on 22 Oct 2019 at 10:15 pm.
Kotak Equity Arbitrage Direct - Dividend Fortnightly Reinvestment scheme return performance in last 1 year is 6.84%, in last 3 years is 21.59% and 20.39% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Arbitrage fund leverages on the price differential of an asset (like stocks) in the cash and derivatives market to deliver low volatility returns. Being hybrid in nature, they are allowed to invest a significant portion towards equity and equity related instruments. Due to this, the capital gains from arbitrage funds are taxed in the same way as equity funds.