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4 star

Kotak Bond - Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 0.05 0.04 0.11 0.00 0.61 2.43 4.24 8.29 7.59 8.28 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Debt: Short Duration 0.09 0.02 0.11 0.09 0.71 2.58 4.66 6.74 6.62 7.50 --
Rank within category 22 2 16 23 22 4 10 6 5 4 --
Number of funds in category 27 27 27 27 27 26 25 24 22 22 0

As on 14-Jan-2022

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
4 star
Jan-13 4.24 8.29 7.59 0.34% 17,261
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.56 8.67 7.84 0.37% 22,059
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.42 8.34 7.75 0.29% 18,229
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 4.07 7.91 7.41 0.30% 13,802
Axis Short Term Fund - Direct Plan
4 star
Jan-13 4.44 8.37 7.69 0.30% 13,768

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.80 08-Jan-2021 - 10-Jan-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.16 1.86 2.39 4.28 2.02 5.65
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Short Duration 6.71 3.55 1.57 3.05 0.59 3.34
Rank within category 6 10 4 9 17 3
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-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 139 157 137 58
Modified Duration (yrs) 1.77 2.30 1.68 1.75
Average Maturity (yrs) 3.57 3.91 2.87 2.25
Yield to Maturity (%) 5.36 5.51 5.07 4.96
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 7.59% GOI 2026 GOI Securities SOV 2.33 - 12.96 7.55
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 2.81 - 6.45 6.40
equal GOI 2031 GOI Securities SOV 2.08 - 3.90 3.82
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.71 2.71
up 8.14% Gujarat State 20/03/2029 State Development Loan SOV 0.00 - 2.49 2.49
equal 5.40% Bajaj Finance 2023 Debenture AAA 0.00 - 2.81 2.32
equal HDFC 30/09/2024 Debenture AAA 0.00 - 2.33 2.31
new Reserve Bank of India 91-D 17/03/2022 Treasury Bills SOV 0.00 - 2.27 2.27
equal 8.24% Kerala State 13/05/2025 State Development Loan SOV 0.00 - 2.69 1.96
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 3.21 1.90
new 5.15% GOI 2025 GOI Securities SOV 0.00 - 1.75 1.75
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.48 - 1.86 1.75
equal 5.72% LIC Housing Fin. 22/02/2024 Debenture AAA 0.00 - 1.74 1.74
equal 5.65% Bajaj Finance 2024 Debenture AAA 0.00 - 1.86 1.59
up 7.19% Gujarat State 25/01/2027 State Development Loan SOV 0.50 - 1.53 1.53
up GOI 2028 GOI Securities SOV 0.00 - 1.50 1.50
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 1.51 1.45
equal REC 31/10/2024 Non Convertible Debenture AAA 0.00 - 1.36 1.36
equal 8.38% Haryana State 27/01/2026 State Development Loan SOV 1.22 - 2.08 1.32
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 1.45 1.31
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 1.09 - 1.36 1.29
equal 8.57% Gujarat State 2028 State Development Loan SOV 0.00 - 1.24 1.21
equal 5.15% Kotak Mahindra Prime 28/09/2022 Debenture AAA 0.00 - 1.21 1.16
equal 5.50% Kotak Mahindra Prime 2023 Debenture AAA 0.96 - 1.21 1.16
equal HDFC 85-D 14/01/2022 Commercial Paper A1+ 0.00 - 1.74 1.16

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-2021

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 14-Jan-2022

Growth: ₹ 45.2697

IDCW: ₹ 12.8092


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

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 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.50%
Benchmark: NIFTY Short Duration Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 17,261 Cr (As on 31-Dec-2021)
Expense: 0.34% (As on 30-Nov-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Dec-20210.6127
IDCW 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
IDCW 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: 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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