About Kotak Equity Arbitrage Fund Direct-Dividend Bimonthly
Kotak Equity Arbitrage Fund Direct-Dividend Bimonthly is a Balanced
mutual fund scheme from Kotak Mahindra Mutual Fund
. This scheme was launched on 01 Nov 2014 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 ₹20.229 as on 17 Oct 2019 at 11:35 pm.
Kotak Equity Arbitrage Fund Direct-Dividend Bimonthly scheme return performance in last 1 year is 6.91%, in last 3 years is 21.60% and 41.43% 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.