About Kotak Tax Saver Fund Direct-Growth
Kotak Tax Saver Fund Direct-Growth is a Tax Saver
mutual fund scheme from Kotak Mahindra Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Harsha Upadhyaya
. It has an AUM of ₹986.69 Crores and the latest NAV decalared is ₹49.789 as on 15 Nov 2019 at 9:05 pm.
Kotak Tax Saver Fund Direct-Growth scheme return performance in last 1 year is 14.47%, in last 3 years is 46.09% and 143.74% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.