The Kotak Standard Multicap Fund has been recategorized as Kotak Flexicap Fund. The Kotak Flexicap Fund was incepted in September 2009 and has generated an average return of 14.12% since inception. The fund has underperformed in the last few years. The fund has a total AUM of Rs.32,453 crores as of 31st January 2021. The expense ratio for a regular fund is 1.62%. The fund NAV was at Rs.45.35 as of 19th February 2021. The 1-year returns for Kotak Flexicap Fund are at 18.36%, while the 5-year returns are at 17.12%. The minimum investment amount in case of a lump sum is Rs.5,000 and Rs.1,000 for additional investment. For SIP investments the minimum amount is Rs.500. Taxes as per equities are applicable on gains on the fund. Kotak Flexicap Fund is suitable for investors who have a high-risk appetite and are looking to invest for the long term.