About Kotak Equity Arbitrage Fund Direct - Growth
Kotak Equity Arbitrage Fund Direct - Growth 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 ₹12,043.28 Crores and the latest NAV decalared is ₹29.340 as on 05 Jun 2020 at 1:13 pm.
Kotak Equity Arbitrage Fund Direct - Growth scheme return performance in last 1 year is 6.31%, in last 3 years is 21.39% and 72.84% 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.