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5 star

Kotak Bond - Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds 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, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 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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(₹)
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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 7.67 -0.04 -0.05 0.59 3.99 5.97 11.16 8.92 9.18 9.47 --
CCIL T Bill Liquidity Weight 2.23 0.03 0.05 0.20 0.67 1.81 3.70 4.08 4.26 4.78 --
Debt: Short Duration 6.84 -0.03 -0.03 0.54 4.06 5.23 9.19 6.80 7.82 8.53 --
Rank within category 10 18 18 9 15 11 8 3 2 4 --
Number of funds in category 27 27 27 27 27 27 27 24 24 23 0

As on 07-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.16 8.92 9.18 0.32 11,858
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.74 8.81 9.50 0.40 15,234
SBI Short Term Debt Fund - Direct Plan
4 star
Jan-13 10.84 8.52 8.88 0.34 14,777
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.57 8.93 8.88 0.24 12,737
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 11.00 8.77 8.79 0.28 12,716

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.27 (24-Mar-2020 - 31-Mar-2020) -1.82 (10-Jul-2013 - 17-Jul-2013)
Month 3.36 (24-Mar-2020 - 23-Apr-2020) -2.12 (24-Jun-2013 - 24-Jul-2013)
Quarter 5.97 (26-Mar-2020 - 25-Jun-2020) -2.79 (20-May-2013 - 19-Aug-2013)
Year 12.04 (12-Jul-2019 - 13-Jul-2020) 4.61 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.70 1.71 2.04 4.38 1.20 4.91
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Short Duration 6.82 3.47 1.07 2.12 0.40 2.06
Rank within category 2 6 2 3 15 6
Number of funds in category 25 25 25 25 25 25

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 125 132 120 57
Modified Duration (yrs) 3.01 3.01 1.93 --
Average Maturity (yrs) 3.77 3.77 2.42 --
Yield to Maturity (%) 5.51 7.69 5.51 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.56 8.56
up 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 2.79 - 4.27 4.27
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 4.18 4.18
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.10 3.71
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 10.01 3.47
new 6.22% HDFC 2021 Debenture AAA 0.00 - 2.78 2.78
equal 7.82% Assam State 13/03/2024 State Development Loan SOV 2.69 - 3.27 2.70
down 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 1.54 - 2.76 2.36
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 2.29 - 2.82 2.29
up 8.58% HDFC 18/03/2022 Debenture AAA 1.38 - 5.39 2.13
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 2.29 2.05
down HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.49 1.86
equal 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 1.84 - 2.25 1.84
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 2.02 1.81
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.79 - 2.17 1.79
equal 9.47% M&M Financial Services 22/03/2022 Zero Coupon Bonds AAA 1.72 - 2.15 1.72
new 5.90% Grasim Industries 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.70 1.70
equal First Business Receivable Trust Securitised Debt AAA 0.22 - 0.30 1.65
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 1.81 1.61
new 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 1.58 1.58
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 1.48 - 1.81 1.49
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.34 - 1.63 1.35
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 2.30 1.30
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 1.28 - 1.55 1.28
equal 7.74% Power Finance Corp. 29/01/2028 Non Convertible Debenture AAA 0.39 - 1.50 1.23

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 30-Jun-2020

Fund Manager

— Deepak Agrawal since 01-Jan-2013

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:


-0.04%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 42.1865

Dividend Monthly: ₹ 13.2192

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Dividend Half Yearly: ₹ 14.9553

Dividend: ₹ 12.5298


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: 01-Jan-2013
Return Since Launch: 9.17%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,858 Cr (As on 30-Jun-2020)
Expense: 0.32% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly13-Aug-20190.0831

 12-Sep-20170.0334
 14-Aug-20170.0338
 12-Jul-20170.0398
 12-Jun-20170.0843
 12-May-20170.0355
 12-Apr-20170.0654
 14-Mar-20170.0096
 13-Feb-20170.0197
 12-Jan-20170.0714
 13-Dec-20160.0409
 15-Nov-20160.0562
 13-Oct-20160.0790
 12-Aug-20160.0677
 12-Jul-20160.0796
 13-Jun-20160.0499
 12-May-20160.0409
 12-Apr-20160.1168
 14-Mar-20160.0534
 12-Feb-20160.0244
 12-Jan-20160.0601
 14-Dec-20150.0130
 13-Nov-20150.0468
 12-Oct-20150.0910
 14-Sep-20150.0434
Dividend Half Yearly20-Mar-20190.0061

 21-Sep-20180.0146
 20-Mar-20180.0203
 20-Sep-20170.0408
 20-Mar-20170.0072
 20-Sep-20160.0358
 21-Mar-20160.2815
 21-Sep-20150.4543
 30-Dec-20140.1745
 22-Sep-20140.5614

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: http://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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