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5 star

Kotak Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 4.13 0.05 0.13 0.65 2.04 3.28 4.55 10.12 8.04 9.40 --
VR Bond 2.70 0.08 0.12 0.88 1.78 2.08 3.24 6.55 5.53 6.78 --
Debt: Dynamic Bond 4.11 0.08 0.14 0.54 1.72 2.94 4.66 8.27 6.22 8.16 --
Rank within category 10 21 12 9 4 4 11 2 1 2 --
Number of funds in category 26 28 28 28 28 27 26 24 22 21 0

As on 26-Nov-2021

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 4.55 10.12 8.04 0.52% 2,946
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.51 10.08 7.82 0.61% 6,544
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 3.20 10.10 7.35 0.72% 4,064
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 2.63 9.53 7.17 0.88% 2,791
Axis Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.46 10.18 7.50 0.25% 2,204

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 9.89 3.13 1.92 2.68 1.25 2.78
VR Bond 6.46 2.13 1.22 1.72 -- --
Debt: Dynamic Bond 8.12 3.60 1.39 2.18 1.04 1.56
Rank within category 3 12 4 9 15 4
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 47 35 23
Modified Duration (yrs) 2.52 5.70 2.52 --
Average Maturity (yrs) 5.85 8.97 4.78 --
Yield to Maturity (%) 5.12 6.32 5.12 --
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
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 15.60 15.60
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 20.97 8.16
new Reserve Bank of India 91-D 13/01/2022 Treasury Bills SOV 0.00 - 6.74 6.74
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 12.68 6.26
new Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 3.38 3.38
equal 6.67% GOI 17/12/2050 GOI Securities SOV 0.12 - 5.68 3.19
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 4.45 2.92
equal 8.85% Power Finance Corporation 25/05/2029 Bonds/NCDs AAA 0.00 - 2.44 1.89
equal First Business Receivable Trust 2025 Securitised Debt AAA 0.00 - 1.82 1.82
equal 7.77% Kerala State 2027 State Development Loan SOV 0.00 - 2.35 1.80
up GOI 2031 GOI Securities SOV 0.00 - 1.80 1.80
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 5.33 1.78
equal 6.44% Gujarat State 2029 State Development Loan SOV 1.71 - 2.56 1.77
equal 6.12% Karnataka State 22/07/2027 State Development Loan SOV 1.61 - 2.43 1.68
equal 8.50% Bank of Baroda Additional Tier 1 Bond AA+ 1.38 - 2.44 1.42
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 1.42 1.10
equal 7.74% Power Finance Corporation 29/01/2028 Non Convertible Debenture AAA 1.05 - 2.83 1.07
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.94 - 2.20 0.96
equal 8.36% Nat. Highways Authority 20/05/2029 Debenture AAA 0.00 - 2.38 0.93
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.87 - 1.31 0.90
equal 7.25% Gujarat State 23/08/2027 State Development Loan SOV 0.85 - 1.29 0.88
equal 7.14% REC 2030 Debenture AAA 0.00 - 0.87 0.87
equal 6.89% Bihar State 2028 State Development Loan SOV 0.00 - 1.12 0.86
equal 8.70% Bank of Baroda Additional Tier 1 Bond AA+ 0.00 - 2.01 0.71
equal 1.44% GOI 2023 GOI Securities SOV 0.59 - 0.84 0.64

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-Oct-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:


-0.01%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 31.9715

IDCW: ₹ 11.2211


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.55%
Benchmark: NIFTY Composite Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,946 Cr (As on 31-Oct-2021)
Expense: 0.52% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly13-Sep-20210.3038

 12-Aug-20210.0896
 14-Jun-20210.1990
 12-May-20210.0568
 12-Jan-20210.1268
 14-Dec-20200.1612
 12-Nov-20200.2256
 12-Oct-20200.2618
 13-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
IDCW21-Jun-20210.1716

 22-Dec-20200.3428
 21-Sep-20200.2090
 22-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
IDCW 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
IDCW 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: 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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