Kotak Balance Fund

Kotak Balanceis a balanced mutual fund. This fund is managed by Harsha Upadhyay, Emmanuel Elango and Abhishek Bisen. The fund has been inconsistent in its performance. If you hold units in this fund you may exit it now to invest in a better performing fund.

Where does Kotak Balance Fund invest your money ?

Kotak Balance is an equity oriented hybrid fund which invests your money in both equity securities and debt securities. It has 65% exposure to equity and close to 35% exposure to debt securities. The equity portion has large cap exposure which means most of your money will be invested in stocks of large sized companies. The fund has 84.53% exposure in large cap companies, 11.95% to mid cap companies, and 3.25% to small cap companies.

The remaining portion is invested in term deposits, depository receipts, cash and cash equivalents.

Suitable for what?

The following needs if occurring between 3 and 5 years:

  • Child's Education
  • Marriage
  • Home Purchase
Not suitable for what?
  • Long term needs
  •   Creation of wealth
How has Kotak Balance Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Nov 1999, your value of investments would be around Rs 1 lakh. If you had invested Rs 1 lakh five years back it would have sadly become Rs 81,854. The performance has not been better or similar to other equity oriented hybrid mutual funds. The fund has been giving at around 5% every year for those who stayed invested since inception.

Assume you had invested Rs 10,000 every month in Kotak Balance through SIP from the past five years today you would have around Rs 7.39 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Kotak Balance fund is 2.5%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.  

What are the tax implications?

Returns on equity oriented hybrid funds are absolutely tax-free provided you do not withdraw within a year of buying the units. Kotak Balance fund does not qualify for sec 80C ELSS benefits.

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