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Kotak Dynamic Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.59 0.08 0.40 0.85 2.13 3.62 11.98 8.45 9.40 9.80 --
VR Bond 0.28 -0.02 0.20 0.58 1.34 1.55 7.87 6.17 6.99 7.42 --
Debt: Dynamic Bond 0.17 0.04 0.11 0.45 1.31 2.44 8.34 5.91 7.51 8.41 --
Rank within category 4 7 8 6 6 7 6 1 1 2 --
Number of funds in category 29 29 29 29 29 29 29 24 23 22 0

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.74 (28-Dec-2016 - 04-Jan-2017) -1.60 (02-Feb-2017 - 09-Feb-2017)
Month 3.55 (25-Oct-2016 - 24-Nov-2016) -2.57 (25-Nov-2016 - 27-Dec-2016)
Quarter 6.17 (25-Aug-2016 - 24-Nov-2016) -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 8.32 2.52 1.04 1.78 1.04 2.20
VR Bond 6.11 2.14 0.33 -- -- --
Debt: Dynamic Bond 6.09 3.18 0.39 0.73 1.11 -0.06
Rank within category 2 7 3 3 10 2
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 33 33 19 21
Modified Duration (yrs) 4.10 4.49 2.44 3.38
Average Maturity (yrs) 5.58 6.42 3.15 4.57
Yield to Maturity (%) 7.58 8.75 7.44 7.13

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 22.36 12.01
equal Reliance Jio Infocomm 16/04/2023 Non Convertible Debenture AAA 0.00 - 7.86 7.39
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 5.78 5.78
equal State Bank of India 2056 Debenture AA+ 0.00 - 6.53 5.04
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 5.15 4.83
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 14.93 4.50
equal 8.65% Bank of Baroda 2022 Debenture AA+ 4.36 - 7.92 4.36
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 6.96 4.20
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 4.06 - 9.35 4.06
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 2.61 - 6.67 3.93
equal 8.23% IRFC 29/03/2029 Debenture AAA 0.00 - 6.35 3.55
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 3.04 - 5.57 3.04
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.73 2.56
equal 8.65% Reliance Industries 2028 Non Convertible Debenture AAA 0.00 - 4.23 2.54
equal 8.97% REC 28/03/2029 Non Convertible Debenture AAA 0.00 - 4.28 2.53
equal 7.82% Assam State 13/03/2024 State Development Loan SOV 0.00 - 4.18 2.52
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 3.27 2.51
new 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 2.37 2.37
equal 8.45% Punjab State 30/03/2023 State Development Loan SOV 2.16 - 3.97 2.16
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 0.00 - 2.17 2.05
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 18.09 2.04
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 0.00 - 3.24 2.00
equal 9.08% Union Bank of India 31/12/2099 Bonds AA 1.75 - 3.18 1.75
equal 1.44% GOI 2023 Inflation Index Bond SOV 1.62 - 2.96 1.62
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 1.57 1.47

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-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:


0.08%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 27.4669

Dividend Quarterly: ₹ 11.0568

Dividend Monthly: ₹ 22.4976


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: 9.80%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,030 Cr (As on 31-Dec-2019)
Expense: 0.43% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly13-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
 12-Mar-20180.0270
 12-Feb-20180.0499
 12-Dec-20170.0128
 13-Nov-20170.0759
 12-Oct-20170.0200
Dividend Quarterly20-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: 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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM