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Kotak Bond - Short Term Regular Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is to build wealth in the long run.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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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
Fund 0.74 0.10 0.29 0.77 1.89 4.36 9.61 6.99 7.74 8.03 7.86
CCIL T Bill Liquidity Weight 0.25 0.01 0.06 0.25 0.81 1.86 4.14 4.14 4.47 4.78 4.70
Debt: Short Duration 0.52 0.07 0.28 0.56 1.46 3.16 4.75 5.36 6.52 7.27 7.54
Rank within category 13 1 12 14 12 13 7 9 9 11 11
Number of funds in category 29 29 29 29 29 29 28 26 26 25 20

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.50 (05-Dec-2008 - 12-Dec-2008) -1.83 (10-Jul-2013 - 17-Jul-2013)
Month 4.98 (05-Dec-2008 - 05-Jan-2009) -2.16 (24-Jun-2013 - 24-Jul-2013)
Quarter 6.86 (17-Oct-2008 - 16-Jan-2009) -2.91 (20-May-2013 - 19-Aug-2013)
Year 14.24 (30-Jul-2008 - 30-Jul-2009) 3.39 (03-Feb-2010 - 03-Feb-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.88 1.50 0.77 1.53 3.70 7.24
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Short Duration 5.45 2.99 0.30 0.77 3.48 5.45
Rank within category 9 7 8 7 14 10
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 126 132 117 57
Modified Duration (yrs) 2.35 2.44 1.53 2.04
Average Maturity (yrs) 2.94 3.10 1.81 2.49
Yield to Maturity (%) 7.16 8.66 7.03 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 10.01 10.01
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 5.39 4.27
equal M&M Financial Services 2020 Debenture AAA 3.31 - 4.27 3.31
down 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 4.25 3.04
equal 7.82% Assam State 13/03/2024 State Development Loan SOV 0.00 - 3.39 2.90
equal HDFC 27/03/2027 Non Convertible Debenture AAA 2.67 - 3.20 2.67
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.35 - 3.07 2.50
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 2.30 2.17
new Nabha Power 91-D 18/02/2020 Commercial Paper A1+ 0.00 - 2.11 2.11
equal 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 0.00 - 2.31 1.99
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.36 1.94
equal 8.45% Tata Capital Financial Services 26/08/2022 Debenture AAA 0.00 - 2.08 1.90
equal 9.47% M&M Financial Services 22/03/2022 Zero Coupon Bonds AAA 1.90 - 2.52 1.90
new First Business Receivable Trust Securitised Debt AAA 0.00 - 0.26 1.76
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 0.00 - 2.01 1.66
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 0.00 - 4.23 1.60
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 1.59 1.50
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.45 - 2.16 1.45
equal 7.30% Tata Sons 14/08/2020 Debenture AAA 1.45 - 1.87 1.45
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 1.38 - 1.76 1.38
up 7.74% Power Finance Corp. 29/01/2028 Non Convertible Debenture AAA 0.39 - 1.34 1.34
equal 8.75% Aditya Birla Finance 2021 Bonds/Debentures AAA 0.00 - 1.65 1.32
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 1.31 1.31
equal 9.15% Aditya Birla Finance 13/01/2022 Zero Coupon Bonds AAA 0.00 - 1.40 1.28
up 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 1.17 1.17

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-Dec-2019

Fund Manager

— Deepak Agrawal since 01-Aug-2007

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:


0.01%

Change from previous, NAV as on 28-Jan-2020

Growth: ₹ 37.4703

Dividend Monthly: ₹ 10.1193

Dividend Half Yearly: ₹ 13.6534


Investment Strategy

The scheme seeks to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 02-May-2002
Return Since Launch: 7.73%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,602 Cr (As on 31-Dec-2019)
Expense: 1.13% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly13-Jan-20200.0597

 12-Dec-20190.0146
 13-Nov-20190.0650
 15-Oct-20190.0390
 14-Oct-20190.0390
 12-Sep-20190.0507
 13-Aug-20190.0651
 12-Jul-20190.0917
 12-Jun-20190.0968
 13-May-20190.0127
 12-Apr-20190.0643
 12-Mar-20190.0574
 12-Feb-20190.0396
 14-Jan-20190.0777
 12-Dec-20180.0775
 12-Nov-20180.0484
 12-Oct-20180.0389
 12-Sep-20180.0022
 13-Aug-20180.0489
 12-Jul-20180.0667
 12-Jun-20180.0123
 14-May-20180.0127
 12-Apr-20180.0607
 12-Mar-20180.0334
 12-Feb-20180.0236
Dividend Half Yearly20-Mar-20190.0039

 21-Sep-20180.0042
 20-Mar-20180.0101
 20-Sep-20170.0816
 21-Sep-20150.4471
 30-Dec-20140.1759
 22-Sep-20140.0519

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: www.kotakmutual.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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