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Kotak Bond - Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.11 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 9.86 0.24 1.77 10.57 7.81 8.61 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Short Duration 4.97 0.21 2.23 5.63 6.06 7.29 --
Rank within category 2 18 14 3 6 5 --
Number of funds in category 28 29 29 28 26 26 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.60 (20-Aug-2013 - 19-Sep-2013) -2.12 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.09 (28-Aug-2013 - 27-Nov-2013) -2.79 (20-May-2013 - 19-Aug-2013)
Year 12.03 (19-Aug-2013 - 19-Aug-2014) 4.61 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.53 1.60 1.10 1.87 3.91 8.28
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Short Duration 6.01 3.03 0.53 1.06 3.67 6.35
Rank within category 7 8 7 6 14 9
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 123 130 110 57
Modified Duration (yrs) 2.44 2.44 1.53 2.04
Average Maturity (yrs) 3.10 3.10 1.81 2.54
Yield to Maturity (%) 7.03 8.70 7.03 7.37

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 - 8.91 8.91
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 5.39 4.37
equal M&M Financial Services 2020 Debenture AAA 3.38 - 4.36 3.38
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 4.25 3.36
equal 7.82% Assam State 13/03/2024 State Development Loan SOV 0.00 - 3.39 2.97
equal HDFC 27/03/2027 Non Convertible Debenture AAA 2.67 - 3.29 2.74
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.35 - 3.07 2.56
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 2.30 2.21
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 3.98 2.15
equal 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 0.00 - 2.31 2.04
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.36 2.00
equal 9.47% M&M Financial Services 22/03/2022 Zero Coupon Bonds AAA 1.94 - 2.59 1.94
equal 8.45% Tata Capital Financial Services 26/08/2022 Debenture AAA 0.00 - 2.08 1.94
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 1.85 1.76
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 0.00 - 2.01 1.71
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 0.00 - 4.23 1.64
up 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 1.59 1.53
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.46 - 2.23 1.49
equal 7.30% Tata Sons 14/08/2020 Debenture AAA 1.48 - 1.92 1.48
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 1.42 - 1.81 1.42
equal 8.75% Aditya Birla Finance 2021 Bonds/Debentures AAA 0.00 - 1.65 1.35
equal 9.15% Aditya Birla Finance 13/01/2022 Zero Coupon Bonds AAA 0.00 - 1.40 1.31
equal 9.35% REC 15/06/2022 Bonds AAA 0.00 - 1.58 1.18
equal 8.52% M&M Financial Services 28/05/2021 Bonds/NCDs AAA 0.00 - 1.21 1.07
equal 8.55% HDFC 27/03/2029 Debenture AAA 0.00 - 1.17 1.01

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-Nov-2019

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:


-0.02%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 38.9645

Dividend Monthly: ₹ 12.2178

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Dividend Half Yearly: ₹ 13.8131

Dividend: ₹ 11.5728


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
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,397 Cr (As on 30-Nov-2019)
Expense: 0.32% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
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
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

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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Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM