Kotak Global Innovation Fund of Fund (FOF) Direct Growth is an open-ended equity fund that invests in global innovation companies. It is a fund of fund, which means that it invests in another mutual fund, the Wellington Global Innovation Fund. The Wellington Global Innovation Fund is a US-based fund that invests in a diversified portfolio of global innovation companies.
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Kotak Global Innovation FoF Direct - Growth, offered by Kotak Mahindra Mutual Fund, is an international mutual fund with a tenure of 2 years and 3 months, having been introduced on 8th July 2021. As of 30th September 2023, the fund manages assets worth ₹1,115 Crores. It falls under the category of medium-sized funds. Notably, it boasts a competitive expense ratio of just 0.45%, lower than the majority of other international funds in the market.
Highlights of the Kotak Global Innovation Fund of Fund
Kotak Global Innovation FoF Direct - Growth has achieved a 16.07% return in the past year, while it has maintained an average annual return of -10.07% since its inception.
The fund predominantly allocates its investments to Unclassified sectors. It has given lesser exposure to unclassified sectors compared to peers in the same category.
The fund's primary holdings consist of Wellington Global Innovation Fund USD Class S.
Fund House | Kotak Mahindra Mutual Fund |
Date of Incorporation | 08 July, 2021 |
Total AUM | ₹1,115 Cr |
Fund Benchmark | MSCI All Country World TRI |
NAV of the Fund | ₹7.91 |
Min SIP Amount | ₹100 |
Expense Ratio | 0.45% |
Returns since inception | -10.31% |
Risk Level | Very High |
Investment Objective | The scheme seeks to provide long-term capital appreciation by investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs. |
Top Fund Managers | Arjun Khanna |
As on 8th October 2023 | 1 Year | 3 Years | 5 Years | 10 Years |
Trailing Returns | 7.8% | 11.9% | 9.7% | -16.3% |
Category Average | - | - | 15.0% | - |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Top Holdings | Asset |
Wellington Global Innovation Fund USD Class S | 99.60% |
Sector | Weightage (%) |
Equity | 99.6% |
Cash | 0.4% |
Category | Percentage/Details |
Expense Ratio | 0.45% (inclusive of GST) |
Exit Load | Exit load of 1% (redeemed within 1 year.) |
Stamp Duty | 0.005% (from July 1st, 2020) |
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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