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5 star

Kotak Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios.

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 8.48 -0.13 -0.25 0.49 4.24 6.14 11.13 9.60 10.54 10.37 --
VR Bond 5.91 -0.04 0.09 0.63 2.15 4.62 7.13 6.93 7.49 7.93 --
Debt: Dynamic Bond 7.37 -0.10 -0.16 0.51 2.92 5.53 9.22 7.08 8.61 9.08 --
Rank within category 8 19 20 12 5 10 5 1 2 3 --
Number of funds in category 28 29 29 29 29 29 28 24 23 22 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 Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.13 9.60 10.54 0.45 1,322
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 12.48 8.72 10.56 0.80 3,108
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 12.39 9.32 10.26 0.98 2,311
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 10.82 8.91 10.28 1.01 1,724
Axis Dynamic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 13.24 9.51 10.21 0.25 612

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.73 (24-Mar-2020 - 31-Mar-2020) -2.12 (12-Mar-2020 - 19-Mar-2020)
Month 3.85 (24-Mar-2020 - 23-Apr-2020) -2.57 (25-Nov-2016 - 27-Dec-2016)
Quarter 7.57 (09-Apr-2020 - 10-Jul-2020) -1.92 (24-Nov-2016 - 23-Feb-2017)
Year 17.19 (24-Nov-2015 - 24-Nov-2016) 3.40 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.50 2.69 1.59 3.68 1.10 2.53
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Dynamic Bond 7.05 3.22 0.72 1.68 1.14 0.02
Rank within category 1 9 2 4 10 1
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 34 19 17
Modified Duration (yrs) 5.65 5.65 3.77 --
Average Maturity (yrs) 8.20 8.20 5.16 --
Yield to Maturity (%) 6.45 7.68 6.45 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 37.46 21.44
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 16.54 16.54
new 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 5.76 5.76
equal 7.79% REC 21/05/2030 Debenture AAA 0.00 - 4.11 3.93
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 0.00 - 4.04 3.86
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 3.45 - 5.88 3.45
equal 8.65% Bank of Baroda 2022 Debenture AA+ 3.43 - 6.02 3.43
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 4.03 3.21
equal 8.23% IRFC 29/03/2029 Debenture AAA 2.92 - 5.72 2.92
new 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 2.73 2.73
equal 9.90% ICICI Bank Non Convertible Debenture AA+ 0.75 - 3.28 2.60
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.73 2.09
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 2.44 1.96
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 2.32 1.85
equal 9.08% Union Bank of India 31/12/2099 Bonds AA 1.35 - 2.38 1.35
equal 1.44% GOI 2023 GOI Securities SOV 1.34 - 2.25 1.34
equal 8.97% REC 28/03/2029 Non Convertible Debenture AAA 1.24 - 3.47 1.24
new 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 1.20 1.20
down 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 2.34 0.80
equal 7.74% Power Finance Corp. 29/01/2028 Non Convertible Debenture AAA 0.79 - 1.36 0.79
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 0.00 - 2.17 0.76
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 0.75 0.75
down 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 2.95 0.42
equal 8.56% REC 29/11/2028 Debenture AAA 0.00 - 0.49 0.41
equal 7.50% HDFC 2020 Debenture AAA 0.15 - 0.27 0.15

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:


-0.13%

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

Growth: ₹ 29.6208

Dividend Quarterly: ₹ 11.0992

Dividend Monthly: ₹ 22.3308


Investment Strategy

The scheme aims to maximise returns through an active management of a portfolio of debt and money market securities.

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: 10.16%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,322 Cr (As on 30-Jun-2020)
Expense: 0.45% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly13-Jul-20200.6478

 12-Jun-20200.3728
 12-May-20200.4142
 12-Mar-20200.0006
 12-Feb-20200.3194
 13-Jan-20200.1769
 12-Dec-20190.0093
 13-Nov-20190.1371
 15-Oct-20190.0908
 14-Oct-20190.0908
 12-Sep-20190.0714
 13-Aug-20190.0339
 12-Jul-20190.3882
 12-Jun-20190.3977
 13-May-20190.0664
 12-Apr-20190.1463
 12-Mar-20190.1690
 12-Feb-20190.1063
 14-Jan-20190.1723
 12-Dec-20180.3332
 12-Nov-20180.1354
 12-Oct-20180.1191
 13-Aug-20180.1623
 12-Jul-20180.0756
 12-Apr-20180.1840
Dividend Quarterly22-Jun-20200.5340

 20-Mar-20200.1890
 20-Dec-20190.1437
 20-Sep-20190.1657
 20-Jun-20190.2644
 20-Mar-20190.1601
 20-Dec-20180.2725
 21-Sep-20180.1219
 20-Jun-20180.0135
 20-Mar-20180.0403
 20-Dec-20170.0319
 20-Sep-20170.1445
 20-Jun-20170.2994
 20-Dec-20160.2928
 20-Sep-20160.3843
 20-Jun-20160.1771
 21-Mar-20160.1510
 21-Dec-20150.1024
 21-Sep-20150.1900
 22-Jun-20150.1173
 20-Mar-20150.1834
 22-Dec-20140.2544
 22-Sep-20140.1977
 20-Jun-20140.2274
 20-Mar-20140.6326
Dividend Weekly05-Sep-20170.0258

 29-Aug-20170.0088
 22-Aug-20170.0076
 08-Aug-20170.0375
 25-Jul-20170.0525
 18-Jul-20170.0246
 11-Jul-20170.0175
 28-Jun-20170.0095
 20-Jun-20170.0107
 13-Jun-20170.0834
 05-Jun-20170.0281
 29-May-20170.0239
 22-May-20170.0202
 15-May-20170.0299
 08-May-20170.0030
 05-Dec-20160.0291
 28-Nov-20160.0167
 21-Nov-20160.1193
 15-Nov-20160.1300
 24-Oct-20160.0083
 10-Oct-20160.0550
 03-Oct-20160.0239
 26-Sep-20160.0758
 19-Sep-20160.0113
 12-Sep-20160.0243
Dividend Daily30-Aug-20170.0007

 29-Aug-20170.0017
 28-Aug-20170.0058
 24-Aug-20170.0015
 23-Aug-20170.0015
 22-Aug-20170.0014
 21-Aug-20170.0043
 18-Aug-20170.0058
 14-Aug-20170.0077
 09-Aug-20170.0017
 08-Aug-20170.0015
 07-Aug-20170.0042
 04-Aug-20170.0017
 03-Aug-20170.0015
 31-Jul-20170.0046
 27-Jul-20170.0048
 24-Jul-20170.0078
 21-Jul-20170.0118
 19-Jul-20170.0040
 18-Jul-20170.0092
 17-Jul-20170.0057
 14-Jul-20170.0013
 13-Jul-20170.0015
 12-Jul-20170.0023
 11-Jul-20170.0060

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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