Is Kotak Mutual Fund tax Saver?

Is Kotak Mutual Fund tax Saver?

Tax benefits under the Section 80 C ELSS mutual funds are eligible for tax deductions under the section 80C of the Income Tax Act. These equity-based mutual funds, invest a major portion of the corpus into the stock market and give returns based on the market performance.

Which tax saver mutual fund is best?

List of Top Tax Saving Mutual Funds in India Ranked by Last 5 Year Returns

• Quant Tax Plan. EQUITY ELSS.
• Mirae Asset Tax Saver Fund.
• Canara Robeco Equity Tax Saver Fund.
• DSP Tax Saver Fund.
• Kotak Tax Saver Fund.
• ICICI Prudential Long Term Equity Fund (Tax Saving)
• Tata India Tax Savings Fund.
• UTI Long Term Equity Fund.

What is Kotak tax Saver fund?

₹ 1,51,507 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.

Is Kotak tax Saver fund an ELSS?

A: Kotak Tax Saver Regular Plan belongs to the Equity: ELSS category of funds.

Is Kotak Flexicap tax saver?

ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years.

How can I invest in Kotak ELSS?

How to Invest in ELSS?

1. Step 1: Select investment approach. There are three choices available to ELSS investors.
2. Step 2: Apply for demat account. To open a demat account, contact a depository participant (DP).
3. Step 3: Choose an ELSS fund.
4. Step 4: Add investment details.
5. Step 6: Pick a pay-out preference.

Is tax saving mutual fund is good?

The provisions of Section 80C of the Income Tax Act, 1961, allows you to claim tax deductions of up to Rs 1,50,000. ELSS is the best investment option under this Section….Comparison with other Tax Saving Investments.

Which SIP is good for tax saving?

You can claim a deduction of up to Rs. 1.5 lakh from your taxable income for investing in ELSS through SIPs under Section 80(C) of The Income Tax Act, 1961. With the highest tax slab of 30%, you can save up to Rs. 45,000 in a year.

Is Kotak small cap fund tax saving?

When you invest in Kotak Mahindra MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your overall tax liability.

Is Kotak Flexicap fund good?

Kotak Flexicap fund (KFF) is one such scheme. With assets under management (AUM) of over Rs 34,000 crore (the highest), KFF has managed to deliver relatively higher risk-adjusted returns, consistently over the long run.

How is Kotak Flexicap fund?

Flexi Cap Fund : Fund has 97.03% investment in indian stocks of which 62.42% is in large cap stocks, 25.82% is in mid cap stocks, 2.13% in small cap stocks. Fund has 0.01% investment in Debt of which , 0.01% in funds invested in very low risk securities..

How are ELSS returns calculated?

For instance: If you plan on investing Rs 5000 a month for 12 months with an expected rate of return of 15%, the ELSS SIP Calculator will be able to calculate the maturity value of your SIP. Your cumulative investment will be worth Rs 60,000 (INR 5000*12 months). The maturity value of this SIP will be Rs 65,106.

Is ELSS taxable after 3 years?

The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors. You can continue to invest in this scheme even after the completion of the lock-in period of three years.

Is tax Saver sip good?

It has the potential to deliver good returns, and also it has the shortest lock-in period. ELSS is an equity diversified fund, wherein the majority of the fund corpus is invested either in Equity Fund or equity-related products….Returns for Mirae Asset Tax Saver Fund.

Is tax saving mutual fund good?

For investors who have risk taking ability, tax saving mutual funds is advisable as their potential to earn return is higher than PPF or Tax Saving Fixed Deposit. The only drawback of Tax Saving Mutual Funds is that they don’t guarantee a fixed return.

Is Kotak Small Cap Fund good to invest?

Small Cap Fund : The fund has 95.4% investment in domestic equities of which 2.01% is in Large Cap stocks, 12.21% is in Mid Cap stocks, 67.8% in Small Cap stocks. Suitable For : Investors who are looking to invest money for at least 3-4 years and looking for very high returns.

Is Kotak Multicap Fund good?

Multi Cap Fund : The fund has 92.75% investment in domestic equities of which 40.97% is in Large Cap stocks, 21.03% is in Mid Cap stocks, 23.84% in Small Cap stocks. Suitable For : Investors who are looking to invest money for at least 3-4 years and looking for high returns.

What type of fund is Kotak Flexicap fund?

Basic Details

Which ELSS should I invest in 2021?

Table of Best ELSS Funds for 2021:

Can you lose money in ELSS?

Chance of returns greater than 20% You can have good returns, but there are also chances of an investor making low to negative returns hence don’t invest in an ELSS if your time horizon is 3 years. Invest for the Long term.