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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
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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.
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The fund predominantly allocates its investments to Unclassified sectors. It has given lesser exposure to unclassified sectors compared to peers in the same category.
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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
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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