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Kotak Credit Risk Fund Regular Plan download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Kotak Credit Risk Reg-G -0.23 0.19 0.32 0.94 1.61 -1.03 1.40 5.03 5.64 6.69 7.46
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 3.26 3.62 4.20
Debt: Credit Risk 11.47 0.17 0.24 0.76 1.78 9.99 15.68 5.48 4.06 5.49 7.17
Rank within category 15 4 1 2 7 15 15 10 6 6 2
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Credit Risk Fund Regular Plan  | Invest Online
3 star
May-10 1.40 5.03 5.64 1.71 1,556
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 3.82 7.69 6.95 1.57 8,631
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
Dec-10 5.08 7.67 7.32 1.54 7,943
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 3.82 6.51 6.17 1.55 2,964
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 3.81 6.47 5.58 1.66 671

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.59 24-Mar-2020 - 31-Mar-2020 -2.15 22-Apr-2020 - 29-Apr-2020
Month 3.00 10-Jun-2020 - 10-Jul-2020 -3.57 25-Feb-2020 - 26-Mar-2020
Quarter 5.00 29-Apr-2020 - 29-Jul-2020 -3.07 20-May-2013 - 19-Aug-2013
Year 12.68 19-Aug-2013 - 19-Aug-2014 0.66 21-Jun-2021 - 21-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Kotak Credit Risk Reg-G 4.84 3.07 0.44 0.39 -0.85 0.59
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Credit Risk 6.80 9.54 0.71 0.97 -5.55 -1.65
Rank within category 10 7 10 11 8 9
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 49 33 31
Modified Duration (yrs) 1.45 2.50 1.33 1.71
Average Maturity (yrs) 2.71 3.90 2.46 2.34
Yield to Maturity (%) 7.49 7.49 6.13 7.41
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 3.34 - 7.55 7.55
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 6.06 - 6.95 6.95
equal 6.90% Aadhar Housing Finance 29/10/2024 Debenture AA 0.00 - 6.29 6.29
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 6.21 6.21
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 4.02 - 4.80 4.80
up 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 4.73 4.73
equal 5.70% Bajaj Housing Finance 2024 Debenture AAA 4.00 - 5.64 4.68
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 3.61 - 4.13 4.13
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 0.00 - 3.79 3.79
equal 7.85% Tata Motors Finance Solutions 14/10/2022 Non Convertible Debenture AA- 0.00 - 3.54 3.54
down 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 2.83 - 6.35 3.22
new 9.50% Prestige Projects Private 2026 Debenture A+ 0.00 - 3.21 3.21
equal SIDBI 182-D 31/10/2022 Commercial Paper A1+ 0.00 - 5.94 3.17
equal 5.20% Export-Import Bank 2025 Debenture AAA 0.00 - 3.14 3.14
equal Vedanta 365-D 28/03/2023 Commercial Paper A1+ 0.00 - 3.06 3.06
equal 8.90% Prestige Projects Private 2026 Debenture A+ 0.00 - 4.87 2.80
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 1.77 - 2.60 1.89
equal 7.59% THDC India Ltd. 2026 Bonds AA 0.00 - 1.61 1.61
equal 6.32% Century Textiles & Industries 21/02/2025 Debenture AA 0.00 - 5.89 1.58
new 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.58 1.58
equal 6.65% Tata Projects 18/12/2024 Non Convertible Debenture AA 0.00 - 1.55 1.55
new 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 1.54 1.54
equal 6.12% Karnataka State 22/07/2027 State Development Loan SOV 1.43 - 2.84 1.53
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 1.49 - 2.68 1.49
down Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 4.52 1.28

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Deepak Agrawal since 12-Apr-2010

Education: Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.

Experience: He has been associated with Kotak AMC since 2000.

Funds Managed:


0.19%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 24.3261

IDCW: ₹ 10.5791


Investment Strategy

The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load For units in excess of 6% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 11-May-2010
Return Since Launch: 7.51%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,556 Cr (As on 31-Jul-2022)
Expense Ratio: 1.71% (As on 31-Jul-2022)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly14-Sep-20210.0150

 07-Sep-20210.0168
 31-Aug-20210.0180
 23-Aug-20210.0237
 18-Aug-20210.0248
 10-Aug-20210.0077
 03-Aug-20210.0245
 27-Jul-20210.0028
 20-Jul-20210.0190
 13-Jul-20210.0006
 06-Jul-20210.0022
 22-Jun-20210.0055
 15-Jun-20210.0239
 08-Jun-20210.0169
 01-Jun-20210.0145
 25-May-20210.0176
 18-May-20210.0050
 11-May-20210.0103
 04-May-20210.0139
 27-Apr-20210.0579
 20-Apr-20210.0093
 15-Apr-20210.0257
 06-Apr-20210.0149
 12-Jan-20210.0139
 05-Jan-20210.0183
IDCW Quarterly21-Jun-20210.1018

 21-Sep-20200.2223
 22-Jun-20200.1109
 20-Mar-20200.0446
 20-Dec-20190.1698
 20-Sep-20190.1810
 20-Jun-20190.1385
 20-Mar-20190.1296
 20-Dec-20180.1412
 21-Sep-20180.1119
 20-Jun-20180.0428
 20-Mar-20180.0938
 20-Dec-20170.0774
 20-Sep-20170.1219
 20-Jun-20170.1905
 20-Mar-20170.0770
 20-Dec-20160.1880
 20-Sep-20160.2606
 20-Jun-20160.1543
 21-Mar-20160.1289
 21-Dec-20150.0486
 21-Sep-20150.1353
 22-Jun-20150.1391
 20-Mar-20150.1417
 22-Dec-20140.2253
IDCW12-Mar-20210.6454

 12-Mar-20200.7027
 12-Mar-20190.4539
 12-Mar-20180.4581
 15-Mar-20170.7411
 14-Mar-20160.6162
 20-Mar-20150.7911
 20-Mar-20140.5735
 20-Mar-20130.8632
 20-Mar-20120.8300
 14-Mar-20110.2878
IDCW Monthly12-Mar-20210.0217

 12-Oct-20200.0664
 14-Sep-20200.0842
 12-Aug-20200.0462
 13-Jul-20200.0543
 13-Apr-20200.0178
 12-Mar-20200.0059
 12-Feb-20200.1068
 13-Jan-20200.0709
 12-Dec-20190.0315
 13-Nov-20190.0741
 15-Oct-20190.0463
 14-Oct-20190.0463
 12-Sep-20190.0624
 13-Aug-20190.0627
 12-Jul-20190.0656
 12-Jun-20190.0681
 13-May-20190.0270
 12-Apr-20190.0530
 12-Mar-20190.0409
 12-Feb-20190.0304
 14-Jan-20190.0757
 12-Dec-20180.0676
 12-Nov-20180.0418
 12-Oct-20180.0298

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Website: https://www.kotakmf.com/

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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