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5 star

Kotak Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 1.62 0.01 0.10 0.34 1.06 1.81 4.56 6.93 7.15 7.67 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Ultra Short Duration 1.71 0.01 0.13 0.36 1.08 1.91 4.43 6.04 6.43 7.10 --
Rank within category 14 15 7 7 11 16 8 4 3 4 --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.56 6.93 7.15 0.33 11,759
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.61 7.44 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 5.01 -- -- 0.24 16,735
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.32 6.81 6.89 0.31 12,864
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 6.25 7.75 8.11 0.39 9,949

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.22 24-Mar-2020 - 31-Mar-2020 -0.73 17-Mar-2020 - 24-Mar-2020
Month 1.88 24-Mar-2020 - 23-Apr-2020 -0.53 25-Feb-2020 - 26-Mar-2020
Quarter 3.40 24-Mar-2020 - 24-Jun-2020 0.45 24-Dec-2019 - 24-Mar-2020
Year 10.68 20-Aug-2013 - 20-Aug-2014 4.56 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.75 0.71 3.46 6.39 1.35 3.50
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration 5.88 1.69 2.03 3.71 1.14 2.46
Rank within category 4 5 3 3 12 4
Number of funds in category 16 16 16 16 16 16

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 64 70 60 41
Modified Duration (yrs) 0.40 0.50 0.33 0.33
Average Maturity (yrs) 0.42 0.52 0.35 0.38
Yield to Maturity (%) 3.87 4.27 3.56 3.75
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 15.33 15.32
down 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 8.43 7.76
equal 6.22% HDFC 2021 Debenture AAA 1.10 - 5.47 4.08
new 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 3.41 3.41
equal LIC Housing Fin. 25/10/2021 Commercial Paper A1+ 0.00 - 3.50 3.35
down National Bank Agr. Rur. Devp 1790-D 31/08/2021 Commercial Paper A1+ 0.00 - 3.53 3.16
equal Reserve Bank of India 182-D 03/06/2021 Treasury Bills SOV 0.00 - 13.19 2.81
equal Reserve Bank of India 91-D 15/07/2021 Treasury Bills SOV 0.00 - 2.54 2.54
new 8.11% Chhattisgarh State 31/10/2021 State Development Loan SOV 0.00 - 2.16 2.16
down 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.49 2.15
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 2.24 2.13
equal Reliance Jio Infocomm 91-D 15/07/2021 Commercial Paper A1+ 0.00 - 2.12 2.12
new Indusind Bank 15/11/2021 Certificate of Deposit A1+ 0.00 - 2.09 2.09
new Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 2.05 2.05
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 1.75 1.75
equal 7.15% Muthoot Finance 25/11/2022 Zero Coupon Bonds AA+ 0.00 - 1.81 1.73
equal 6.93% Cholamandalam Invest. & Fin. 17/12/2021 Debenture AA+ 0.00 - 1.72 1.72
equal 5.20% Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 1.80 1.71
equal Reliance Industries 120-D 25/06/2021 Commercial Paper A1+ 0.00 - 1.77 1.70
equal Bharti Airtel 273-D 03/09/2021 Commercial Paper A1+ 0.00 - 1.76 1.69
new Tata Motors 157-D 30/09/2021 Commercial Paper A1+ 0.00 - 1.68 1.68
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 1.76 1.68
equal Indusind Bank 30/09/2021 Certificate of Deposit A1+ 0.00 - 1.54 1.47
equal Sundaram Finance 338-D 15/12/2021 Commercial Paper A1+ 0.00 - 1.46 1.46
equal 6.60% REC 21/03/2022 Debenture AAA 1.32 - 4.23 1.39

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-May-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 11-Jun-2021

Growth: ₹ 34.9444

IDCW Weekly: ₹ 10.7181

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IDCW Monthly: ₹ 15.7782

IDCW Daily: ₹ 10.7083


Investment Strategy

The scheme seeks to generate returns through investment in debt and money market instruments with a view to reduce the interest rate risk.

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: 7.97%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 11,759 Cr (As on 31-May-2021)
Expense: 0.33% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jan-20210.0002

 08-Jan-20210.0014
 04-Jan-20210.0040
 01-Jan-20210.0036
 31-Dec-20200.0011
 30-Dec-20200.0015
 29-Dec-20200.0014
 28-Dec-20200.0044
 23-Apr-20200.0016
 22-Apr-20200.0045
 21-Apr-20200.0112
 20-Apr-20200.0101
 17-Apr-20200.0128
 16-Apr-20200.0001
 07-Apr-20200.0074
 03-Apr-20200.0078
 31-Mar-20200.0038
 30-Mar-20200.0085
 27-Mar-20200.0127
 11-Mar-20200.0010
 06-Mar-20200.0013
 05-Mar-20200.0015
 04-Mar-20200.0055
 03-Mar-20200.0007
 02-Mar-20200.0035
IDCW Weekly21-Jul-20200.0090

 14-Jul-20200.0142
 07-Jul-20200.0224
 30-Jun-20200.0167
 23-Jun-20200.0254
 16-Jun-20200.0211
 09-Jun-20200.0069
 02-Jun-20200.0054
 11-Mar-20200.0086
 03-Mar-20200.0069
 25-Feb-20200.0064
 18-Feb-20200.0082
 11-Feb-20200.0135
 04-Feb-20200.0078
 28-Jan-20200.0098
 21-Jan-20200.0069
 14-Jan-20200.0101
 07-Jan-20200.0110
 31-Dec-20190.0066
 24-Dec-20190.0079
 17-Dec-20190.0082
 10-Dec-20190.0031
 03-Dec-20190.0102
 26-Nov-20190.0106
 19-Nov-20190.0118
IDCW Monthly12-Mar-20180.0068

 14-Sep-20150.0479
 12-Aug-20150.0603
 13-Jul-20150.0525
 12-Jun-20150.0589
 12-May-20150.1081
 12-Mar-20150.0587
 12-Feb-20150.0484
 12-Jan-20150.0492
 12-Dec-20140.1088
 12-Jun-20140.0633
 12-May-20140.0569
 15-Apr-20140.0744
 12-Mar-20140.0520
 12-Feb-20140.0526
 13-Jan-20140.0586
 12-Dec-20130.0711
 12-Nov-20130.0536
 14-Oct-20130.0667
 12-Sep-20130.0526
 12-Jul-20130.0533
 12-Jun-20130.0534
 13-May-20130.0757
 12-Apr-20130.0913
 12-Mar-20130.0608

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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Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM