Kotak Mahindra Bank - 0.00% for Insurance and Investment - SIP
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Last updated: 19 Sep 2025, 01:39 PM
Kotak Mahindra Bank SIP: Disciplined Wealth Building Made Simple
Kotak Mahindra Bank, one of India's leading private sector banks, offers Systematic Investment Plans (SIPs) in mutual funds, allowing customers to invest fixed amounts regularly (monthly, quarterly) into schemes from multiple Asset Management Companies (AMCs), including Kotak Mutual Fund. SIPs leverage rupee cost averaging to reduce market volatility risks, buying more units when prices are low and fewer when high, fostering long-term wealth creation.
In-Depth Details
Key Highlights
- Products Offered: SIPs across equity (e.g., Kotak Flexi Cap Fund, Kotak Emerging Equity Fund, Kotak Midcap Fund), debt (e.g., Kotak Corporate Bond Fund), hybrid (e.g., Kotak Debt Hybrid Fund, Kotak Equity Hybrid Fund), ELSS tax-savers (e.g., Kotak Tax Saver Fund), and multi-asset funds—tailored for growth, income, tax benefits, retirement, or child education; supports step-up SIPs to ramp up investments annually.
- Minimum Investment: Starts at ₹100 for most schemes (SIP or lump sum); some like Kotak Gold Fund require ₹1,000.
- How to Start: Via Kotak Net Banking or Mobile App: Log in, select "Investments" > "Mutual Funds" > Choose AMC/scheme > Set amount, frequency, and auto-debit mandate; complete e-KYC (PAN, selfie, video verification). Alternatively, visit a branch or use the Kotak MF app for seamless setup. NRIs can invest digitally.
- Benefits: Promotes financial discipline with auto-debits; rupee cost averaging and compounding for superior long-term returns; high liquidity (easy pause/stop/cancel without fees, subject to exit loads); diversification across 30+ AMCs; tax advantages under Section 80C for ELSS.
- Performance Metrics: Kotak Flexi Cap Fund: 15.59% 5-year CAGR, 19.21% 3-year CAGR; Kotak Emerging Equity Fund: 23.11% 5-year CAGR, 30.45% 3-year CAGR; Kotak Midcap Fund: 20.46% 5-year CAGR, 28.61% 3-year CAGR (as of mid-2025). Kotak MF AUM: ₹5,26,213 crore (June 30, 2025).
- Achievements: Kotak MF ranked 5th largest by AUM (March 2023 data, sustained growth into 2025); pioneered innovative schemes like dedicated gilt funds; awarded 'Best Fund House' at Morningstar India Awards 2024 for equity performance.
