Kotak Global Innovation Fund of Fund

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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About Kotak Global Innovation Fund of Fund

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.

Key Information about Kotak Global Innovation Fund of Fund

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

Performance of Kotak Global Innovation Fund of Fund

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

What are the Top Holdings of Kotak Global Innovation Fund of Fund?

Top Holdings Asset
Wellington Global Innovation Fund USD Class S 99.60%

What is the Equity Sector Allocation of Kotak Global Innovation Fund of Fund?

Sector Weightage (%)
Equity 99.6%
Cash 0.4%

What is the Expense Ratio, Exit Load and Taxation Kotak Global Innovation Fund of Fund?

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)

FAQ's

  • Is it good to invest in Kotak Global Innovation Fund?

    Whether or not Kotak Global Innovation Fund is a good investment for you depends on your individual financial goals and risk tolerance. The fund invests in global innovation companies, which are typically high-growth companies but also come with higher risk. The fund has performed well since its launch in July 2021.
  • What is the exit load of Kotak Global Innovation Fund?

    Kotak Global Innovation Fund has an exit load of 1% on redemptions within one year of investment. This means that if you redeem your units within one year of investing, you will have to pay a charge of 1% on the amount redeemed. There is no exit load on redemptions after one year.
  • Where is the Global Innovation Fund based?

    Kotak Global Innovation Fund is based in India. It is a fund of fund (FOF), meaning that it invests in another mutual fund, the Wellington Global Innovation Fund. The Wellington Global Innovation Fund is based in the United States.

*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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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