Mutual Fund

Here are the details of the Kotak Pioneer Fund:

• Description: The Kotak Pioneer Fund aims to generate capital appreciation by investing in a diversified portfolio of equity, equity-related instruments, and units of global mutual funds. The fund focuses on companies that utilize innovative production methods, technologies, distribution channels, or processes that are likely to challenge existing markets or value networks, displace established market leaders, or introduce novel products and business models. ​ 

• Asset Class: Equity​

• Asset Sub-Class: Thematic​ 

• XIRR (Extended Internal Rate of Return): Specific XIRR data is not provided in the available sources.​

• Return Rates:

  • 1-Year Return: 9.38%​

  • 3-Year Return: 17.56%​

  • 5-Year Return: 31.36% 

  • Since Inception (October 31, 2019): 22.35% ​

• CAGR (Compound Annual Growth Rate): The CAGR since inception is 22.35%. ​

• Expense Ratio:

  • Direct Plan: 0.51% ​

  • Regular Plan: 1.9% ​

• Minimum Investment Amount:

  • Lump Sum: ₹100​

  • SIP (Systematic Investment Plan): ₹100 ​

• Lock-in Period: None​

• Exit Load:

  • An exit load of 0.5% is applicable if units are redeemed within 90 days from the date of allotment. ​ 

  • No exit load is charged for redemptions after 90 days.​

Please note that mutual fund investments are subject to market risks, and past performance is not indicative of future results. It's advisable to consult with a financial advisor before making investment decisions.