If you are willing to invest in mutual funds, then today you are going to tell you about a scheme where the money is doubling in a year. This is the Kotak Small Cap Fund. This mutual fund has been more than 8 years old. Asset under management ie AUM is Rs 3059 crore. At least 1000 rupees SIP (investment every month) or 5000 rupees lump sum can be deposited in it.
Kotak Small Cap Fund has given 44 per cent in the last six months, 94 per cent in a year. According to the information available on the website of the gro, its NAV i.e. net asset value is Rs 117.95 as on 17 March 2021. According to ET Money’s website calculator, if you deposit 10 thousand rupees every month in this fund, after a year you will get 1.94 lakh rupees. Net profit is 73746 rupees. The category average is 58188 rupees. The bank would have earned a profit of Rs 4503 by investing so much in FD.
Return is better than category
Talking about calculus, the total amount deposited in a year will be 120000 rupees. 73746 rupees will be available as interest. In this way, the total amount will be 1.94 lakh rupees. The absolute return is 62 percent. It is better in terms of category, which is giving an Absolute Return of only 48.49 per cent. The bank FD is giving a return of 3.75 percent.
How much has the second fund given
Talking about other small-cap funds, the one-year absolute return of Quant Small Cap Fund is 164 per cent, 108 per cent of Kotak Small Cap Fund, 102 per cent of Nippon India Small Cap Fund, 102 per cent of Edelweiss Small Cap Fund, 98 of Motilal Oswal. Per cent and Principal Small Cap is 95 per cent of the fund.