This Tax Saver Mutual Fund Is Good Buy For FY 2022-23 Ending, Given Good Returns On 3 Years SIP

The year 2022 has ended and now we are heading towards the Financial Year 2022-23 end. Now it's time for retrospection as well as time to move ahead with positive expectations. As we approach the last quarter of FY 2022-23, the search for tax-saving instruments is rising. ELSS or Equity-Linked Savings Scheme is one tax saving instrument that offers both returns as well as tax savings. One such fund is Kotak Tax Saver Scheme.

Kotak Tax Saving Scheme is an ELSS Fund from the house of Kotak Mahindra Mutual Funds, launched on 23 November 2005 (Regular Plan) and 1 January 2013 (Direct Plan). The fund has 98.69% asset allocation in equity and the rest 1.31% in cash & other receivable instruments.

Investment Objective of the Fund

The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of equity and equity-related securities and enable investors to avail of the income tax rebate, as permitted from time to time. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail of Section 80C benefits. The portfolio is generally diversified across sectors and market capitalization segments.

Why Kotak Tax Saver Fund?

Flexible Investment Approach: It follows a flexi cap approach and is not biased by market capitalization.

Comprehensive Investment Strategy: Emphasis on Bottom-up stock selection with a topdown thematic overlay helps identify stock opportunities.

Adequate Diversification: Risk is managed through adequate diversification by spreading investments over a range of sectors & companies.

Investment Strategy

• Bottom-up stock picks supplemented by top-down thematic overlay.
• Investment across market capitalization ranges.
• No use of derivatives

Critical Ingredients of the portfolio

• Scalable & competitive business model
• Valuation comfort
• Strong management bandwidth
• Efficient capital allocation

Returns

Lump-sum Investment Returns

Period Invested for	Annualised Returns	Category Avg
1 Year	5.30%	0.77%
2 Year	19.12%	18.05%
3 Year	19.38%	19.32%
5 Year	13.26%	10.43%
10 Year	15.36%	14.46%
Since Inception	15.47%	14.56%

SIP Returns

Period Invested for	Absolute Returns	Annualised Returns
1 Year	6.87%	12.91%
2 Year	14.19%	13.29%
3 Year	36.40%	21.20%
5 Year	57.93%	18.31%
10 Year	138.19%	16.53%

Fund Details & Top holdings

Fund Information

Fund size (Rs. Cr.)	3.16
Fund Manager	Mr. Harsha Upadhyaya
Entry load	Nil
Exit Load	Nil
Benchmark	Nifty 500 TRI
Min Investment (Rs.)	500
Min SIP Investment (Rs.)	500

Top Holdings

Stocks	% of Net Assets
ICICI Bank	7.8
State Bank Of India	5.7
Axis Bank	5.1
Reliance Industries	4.3
Infosys	4.1
Larsen And Toubro	3.8
ITC	3.3
Maruti Suzuki India	2.8
SRF	2.7
Ambuja Cements	2.5

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.