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.

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

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.

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%	-

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)

Kotak Global Innovation Fund of Fund

About Kotak Global Innovation Fund of Fund

Key Information about Kotak Global Innovation Fund of Fund

Performance of Kotak Global Innovation Fund of Fund

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

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

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

FAQ's

Is it good to invest in Kotak Global Innovation Fund?

What is the exit load of Kotak Global Innovation Fund?

Where is the Global Innovation Fund based?

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