Investment Objective and Approach

The investment objective of Kotak Tax Saver is 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 permitted from time to time. The scheme thus offers a dual benefit of growth and tax savings.

The fund follows a diversified investment approach with the following key characteristics:

- Asset Allocation: Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance)

- Portfolio Strategy: The portfolio is generally diversified across sectors and market capitalization segments

- Tax Benefits: Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax

- Lock-in Period: The scheme although open ended, has a three year lock-in

As per the latest portfolio allocation data, as of 28-Feb-2025, Kotak ELSS Tax Saver - Regular Plan had invested 98.54% in Equity and 1.46% in Cash & Cash Eq. The fund has been operational for 19 years 4 months old. It has delivered 13.05% returns since inception.

Fund Managers

Harsha Upadhyaya is the Chief Investment Officer - Equity and primary fund manager of Kotak ELSS Tax Saver Fund. Mr. Harsha Upadhyaya has been managing the fund since 25/08/2015.

Professional Background:

- Experience: Mr. Harsha Upadhyaya has 23 years of proven experience spread over Equity Research & Fund Management

- Educational Qualifications: Harsha completed his Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal and holds a Post Graduate Diploma in Management (Finance) from Indian Institute of Management, Lucknow. He also holds Chartered Financial Analyst charter from the CFA Institute, US

- Previous Experience: He has previously worked with DSP BlackRock, UTI Asset Management, Reliance Group and SG Asia Securities

Current Portfolio Management:

Mr. Harsha Upadhyaya manages 7 funds of Kotak Mahindra Mutual Fund and currently manages seven schemes with total assets of around Rs 78,704 crore. His expertise spans across different equity fund categories, making him a seasoned professional in fund management.

About the Fund House (AMC)

Kotak Mahindra Asset Management Company Limited (KMAMC) is a prominent player in the Indian mutual fund industry. The ownership of the fund house rests with Kotak Mahindra Bank Limited, which commenced its mutual fund investment operations in June 1998.

Key Highlights:

- Market Position: Boasting a substantial investor base exceeding 8.1 million, the fund house is the 5th largest based on its quarterly AUM as of March 2023

- Assets Under Management: As of December 2023, Kotak Mutual Fund manages an impressive AUM of Rs. 353913 crores

- Fund Launch: Scheme Inception date is 23/11/2005

The AMC has established itself as a trusted name in the mutual fund space, offering a diverse range of investment solutions across various asset classes and investment objectives.

Should I Invest in Kotak ELSS Tax Saver Fund?

Suitability Factors:

Ideal for Investors Who:

- Seek tax benefits under Section 80C while building long-term wealth

- Have an investment horizon of at least 5 years

- Are comfortable with equity market volatility

- Want exposure to a diversified equity portfolio

Investment Considerations:

Minimum Investment Requirements:

- Minimum SIP Investment is set to ₹500

- Minimum Lumpsum Investment is ₹500

Important Points to Note:

- Also note that you cannot withdraw your money from this fund before completing three years from the date of investment

- Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years

- The fund offers dual benefits of potential capital appreciation and tax savings

- Managed by an experienced fund manager with over two decades of expertise

The fund is suitable for long-term investors looking to optimize their tax planning while participating in equity market growth potential.

FAQs

What is today's NAV of Kotak ELSS Tax Saver Fund?

The NAV changes daily based on market movements. You can check the current NAV on Allvest or the official Kotak Mutual Fund website for real-time updates.

What is the AUM of Kotak ELSS Tax Saver Fund?

AUM: ₹ 6,492 Cr. As on 30-Jun-2025 for the fund, making it one of the substantial ELSS funds in the market.

What is the expense ratio of Kotak ELSS Tax Saver Fund?

The expense ratio varies between plans. The expense ratio of Kotak ELSS Tax Saver - Regular Plan is 1.80, while the direct plan typically has a lower expense ratio.

What are the returns of Kotak ELSS Tax Saver Fund since inception?

It has delivered 13.05% returns since inception, demonstrating consistent long-term performance over its operational period.

What is the minimum SIP amount to invest in Kotak ELSS Tax Saver Fund?

Minimum SIP Investment is set to ₹500, making it accessible for investors starting their systematic investment journey.

How do I invest in Kotak ELSS Tax Saver Fund?

You can invest through Allvest's platform by selecting the fund, choosing your investment amount, and completing the KYC process. Online investment options are also available through various digital platforms.

How to start a SIP in Kotak ELSS Tax Saver Fund?

Register on Allvest, complete your KYC, select Kotak ELSS Tax Saver Fund, choose SIP option, set your monthly amount (minimum ₹500), and provide bank mandate for automatic deductions.

How do I automate an SIP in Kotak ELSS Tax Saver Fund?

Once you set up an SIP on Allvest, provide bank mandate or set up auto-debit instructions. This ensures automatic monthly investments without manual intervention.

How can I withdraw/redeem my investment in Kotak ELSS Tax Saver Fund?

Redemption is only possible after the mandatory 3-year lock-in period. Post lock-in, you can redeem through Allvest's platform or contact the AMC directly for redemption requests.