Expense ratio, exit load and tax
Expense ratio: 0.69%
Inclusive of GST
Exit load
0.5% for redemption within 90 Days
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
Education
Mr. Bhatt has done B.Com and CA
Experience
Prior to joining Kotak Mutual Fund, he has worked with Motilal Oswal Securities Limited, Angel Broking Limited and Sushil Stock Brokers