Kotak ELSS Tax Saver Fund-Growth

Enjoy Double Benefits with Kotak Tax Saver Fund - Growth  

Kotak Tax Saver Growth Scheme is an equity-linked savings scheme (ELSS) offered by Kotak Mutual Fund. It offers investors tax benefits under section 80C of the Income Tax Act, 1961, while providing an opportunity to create wealth in the Indian equity market. The scheme aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies across market capitalization. The fund has a lock-in period of three years, during which investors cannot redeem their investments. The scheme is suitable for investors who have a high-risk appetite and are looking for long-term wealth creation along with tax-saving benefits.  

Entry and Exit Load

There is no entry and exit load for Kotak Tax Saver Fund Growth.  

Minimum Investment Amount

The minimum investment amount for Kotak Tax Saver Scheme Growth is INR 500 for lump sum investments and INR 500 per installment for systematic investment plans (SIPs).  

Fund Manager

Mr. Harsha Upadhyaya is currently managing Kotak Tax Saver Fund Growth. He manages four other mutual funds at Kotak Mutual Fund, namely, Kotak ESG Opportunities Fund, Kotak Flexicap Fund, Kotak Equity Opportunities Fund, and Kotak Multicap Fund.  

Lock-in Period

Kotak Tax Saver Fund Growth has a lock-in period of three years from the date of allotment. This means that the units purchased under this scheme cannot be redeemed or sold prior to the completion of the lock-in period. However, after the completion of the lock-in period, investors can redeem or sell their units in part or in full. It is important to note that ELSS funds like Kotak Tax Saver Scheme Growth offer tax benefits under Section 80C of the Income Tax Act, 1961, and therefore, investors need to remain invested for the entire lock-in period to avail of the tax benefits.

Other Funds by Kotak Mutual Fund

Kotak-Small Cap Fund - Growth

Kotak Bluechip Fund - Growth

Kotak Multi Asset Allocator Fund of Fund - Dynamic - Growth

Kotak Emerging Equity Scheme - Growth

Kotak India EQ Contra Fund - Growth

Kotak Infrastructure & Economic Reform Fund - Standard Plan-Growth

Kotak Equity Savings Fund - Regular - Growth

All of these mutual funds by Kotak are available on ZFunds. Start investing today.  

Frequently Asked Questions about Kotak Tax Saver Fund Growth

Q. What is an equity-linked savings scheme or ELSS?

A. An Equity-Linked Saving Scheme (ELSS) is a type of mutual fund that invests primarily in equity and equity-related securities. ELSS funds are primarily designed for long-term wealth creation while offering tax benefits to investors. Under Section 80C of the Income Tax Act, 1961, investments made in ELSS funds are eligible for a deduction of up to INR 1.5 lakh from taxable income. ELSS funds have a lock-in period of three years, which means that investors cannot redeem or sell their units before the completion of the lock-in period. The lock-in period ensures that investors stay invested for a longer period, which is necessary to generate long-term wealth.

Q. What is the current Kotak Tax Saver Fund NAV?  

A. Kotak Tax Saver Fund NAV for the regular growth option is INR 74.673 as on 10th March 2023.