In 17 years, this mutual fund gave tremendous returns, 10 thousand rupees become 70 lakh rupees

Kotak Tax Saver Mutual Fund was incepted on November 23, 2005. If an investor had done a monthly SIP of Rs 10,000 from the beginning, then his money would have become Rs 70 lakh.

Kotak Tax Saver Mutual Fund Lock-in period of three years and Section 80C tax benefit (Tax Benefit) Is an open-ended ELSS fund plan with Rs. The investment target of the scheme is to provide long term capital growth through a diversified portfolio of equity related securities. The fund offers Growth and IDCW payout options which are applicable to all plans including Regular Plan and Direct Plan. This fund was started on November 23, 2005, which means that this fund has been in existence for 17 years. If an investor had made a SIP of Rs 10,000 in this fund at that time ,Mutual Fund SIP, Had it been started, the investor’s money would have grown to Rs 70 lakh with a CAGR of 13.27%. Let us tell you how…

How much would be earned in five years SIP

If you had done a monthly SIP of Rs 10,000, your total investment would have increased from Rs 1.20 lakh to Rs 1.28 lakh in a year. The fund has given a return of 14.06% on one year SIP investment. The fund has given an annualized return of 22.54% in the last three years. In this case, according to your monthly SIP of Rs 10,000, the total investment would have been Rs 3.60 lakh and your money would have become Rs 4.99 lakh in three years. The fund has given an annualized return of 17.74% in the last five years. In this case, if an investor invests Rs 10,000 per month for 5 years, then your total investment will increase from Rs 6 lakh to Rs 9.33 lakh.

70 lakh rupees can be made from SIP of 17 years

This fund has given an annual SIP return of 15.89% in the last seven years, so with a monthly SIP of Rs 10,000, your total investment becomes Rs 8.40 lakh, which grows to Rs 14.79 lakh. In the last 10 years, this SIP has given an annual return of 15.54%. In such a situation, if a monthly SIP of Rs 10 thousand was done for 10 years, then his total investment would have been Rs 12 lakh and in return the earning would have been Rs 27.08 lakh. Since the fund’s inception, it has given an annualized return of 13.27%, due to which a monthly SIP of Rs 10,000 would have grown your net investment of Rs 20.40 lakh four times to Rs 70.84 lakh.

Key Information of Kotak Tax Saver Fund

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The fund is managed by Harsh Upadhyay, the fund is rated 4-Star by Value Research. As on October 31, 2022, the fund had registered an AUM of Rs 3,062.89 Crore and an AAUM of Rs 2,966.23 Crore. Till the said date the number of folios was 3,48,531. The expense ratio of the fund is 0.68% for Direct Plan and 1.97% for Regular Plan. The fund is benchmarked against the Nifty 500 TRI Index.

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