About Kotak Equity Arbitrage Fund Direct - Dividend Monthly Payout
Kotak Equity Arbitrage Fund Direct - Dividend Monthly Payout is a Balanced
mutual fund scheme from Kotak Mahindra Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Hiten Shah
. It has an AUM of ₹14,663.37 Crores and the latest NAV decalared is ₹11.172 as on 08 Jul 2020 at 9:16 am.
Kotak Equity Arbitrage Fund Direct - Dividend Monthly Payout scheme return performance in last 1 year is 5.80%, in last 3 years is 20.91% and 73.97% 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.