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5 star

Kotak Bond - Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 -0.11 0.03 -0.11 0.09 1.24 2.84 10.23 9.34 9.00 9.16 --
CCIL T Bill Liquidity Weight 0.05 0.02 0.02 0.13 0.50 1.08 2.99 3.79 4.02 4.44 --
Debt: Short Duration -0.16 0.05 -0.13 0.04 1.10 2.61 9.09 7.22 7.67 8.27 --
Rank within category 9 24 11 11 8 8 7 2 3 4 --
Number of funds in category 26 26 26 26 26 26 26 23 23 23 0

As on 20-Jan-2021

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 10.23 9.34 9.00 0.34 19,644
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 11.03 9.46 9.37 0.40 23,696
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.83 9.31 8.80 0.24 17,928
Axis Short Term Fund - Direct Plan
5 star
Jan-13 10.28 9.30 8.97 0.30 14,992
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 9.47 8.97 8.52 0.28 14,042

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 9.14 1.73 2.52 5.21 1.47 5.82
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Short Duration 7.25 3.45 1.45 2.75 0.57 3.04
Rank within category 2 6 2 3 16 4
Number of funds in category 24 24 24 24 24 24

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 153 159 127 66
Modified Duration (yrs) 2.46 3.01 1.93 2.15
Average Maturity (yrs) 3.13 3.77 2.42 2.64
Yield to Maturity (%) 4.88 7.04 4.77 4.91
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
down 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 11.04 9.73
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 4.49 4.40
up 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 3.70 3.70
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 3.32 2.55
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.56 2.52
down HDFC 21/10/2021 Commercial Paper A1+ 0.00 - 2.52 2.22
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 2.09 2.09
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 1.10 - 2.51 1.88
up 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 1.80 1.80
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.03 - 3.80 1.68
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 1.65 1.65
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.64 1.60
up 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.50 - 2.23 1.59
equal 7.20% Maharashtra State 2027 State Development Loan SOV 0.00 - 1.58 1.53
new Reserve Bank of India 182-D 24/06/2021 Treasury Bills SOV 0.00 - 1.48 1.48
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.37 - 2.80 1.37
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 1.40 1.37
equal 7.74% Power Finance Corp. 29/01/2028 Non Convertible Debenture AAA 0.77 - 1.50 1.34
down 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.13 - 4.15 1.18
equal 7.82% Assam State 13/03/2024 State Development Loan SOV 1.11 - 3.26 1.11
equal 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 1.10 - 2.22 1.10
equal 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 1.13 1.10
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.10 1.08
equal First Business Receivable Trust Securitised Debt AAA 0.15 - 0.30 1.08
equal 7.18% Tamilnadu State 26/07/2027 State Development Loan SOV 0.00 - 1.11 1.07

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-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:


0.03%

Change from previous, NAV as on 20-Jan-2021

Growth: ₹ 43.4024

Dividend Monthly: ₹ 13.6002

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Dividend Half Yearly: ₹ 15.3666

Dividend: ₹ 12.8909


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: 9.01%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 19,644 Cr (As on 31-Dec-2020)
Expense: 0.34% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly21-Sep-20200.0192

 20-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: 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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