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4 star

Kotak Savings Fund - Direct Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 is negligible but they do not guarantee returns or safety of capital.

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 a year in a Liquid fund.

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 4.48 0.00 0.11 0.39 2.15 3.75 7.47 7.65 7.90 8.47 --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 --
Debt: Ultra Short Duration 3.96 0.01 0.09 0.33 1.85 3.27 6.86 6.51 7.16 8.15 --
Rank within category 6 21 5 10 5 5 6 4 5 5 --
Number of funds in category 27 28 28 28 28 28 25 16 16 14 0

As on 06-Aug-2020

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
4 star
Jan-13 7.47 7.65 7.90 0.32 9,189
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.02 7.85 8.26 0.33 11,830
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.30 7.72 7.63 0.33 9,750
IDFC Ultra Short Term Fund - Direct Plan
4 star
Jul-18 7.14 -- -- 0.26 5,768
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.23 8.07 8.96 0.39 5,571

Best & Worst Performance

Best (Period) Worst (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) 6.51 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.42 0.56 3.92 10.03 0.87 3.23
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Ultra Short Duration 6.50 1.68 2.24 5.18 0.89 2.34
Rank within category 5 7 3 2 9 4
Number of funds in category 18 18 18 18 18 18

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 62 91 62 30
Modified Duration (yrs) 0.50 0.56 0.42 --
Average Maturity (yrs) 0.52 0.58 0.45 --
Yield to Maturity (%) 4.27 7.01 4.27 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.01 - 6.06 6.06
new Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 5.36 5.36
new HDB Financial Services 20/10/2020 Debenture AAA 0.00 - 5.35 5.35
up 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 4.88 4.88
new Kotak Mahindra Prime 23/12/2020 Debenture AAA 0.00 - 4.00 4.00
new Bajaj Housing Finance 31/12/2020 Zero Coupon Bonds AAA 0.00 - 3.76 3.76
equal 8.04% Chhattisgarh State 17/10/2020 State Development Loan SOV 0.00 - 3.66 3.63
equal 8.55% Uttar Pradesh State 27/10/2020 State Development Loan SOV 0.00 - 3.35 3.32
new National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 3.14 3.14
equal 6.87% REC 24/09/2020 Debenture AAA 0.00 - 3.02 3.00
down 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.30 2.78
equal Punjab National Bank 2021 Certificate of Deposit A1+ 0.00 - 2.66 2.66
new Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 2.64 2.64
equal Reliance Retail Ltd. 28/03/2021 Securitised Debt AAA 0.00 - 2.34 2.34
equal 8.36% Madhya Pradesh State 16/03/2021 State Development Loan SOV 0.00 - 2.27 2.25
new 7.88% Karnataka State 20/11/2020 State Development Loan SOV 0.00 - 2.21 2.21
equal 8.70% Reliance Industries 15/06/2021 Debenture AAA 0.00 - 1.81 1.80
equal 8.90% Aditya Birla Finance 19/03/2021 Zero Coupon Bonds AAA 1.08 - 1.68 1.66
up 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 1.65 1.65
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.60 1.59
new 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 0.00 - 1.45 1.45
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.68 1.34
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 1.34 1.33
up 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.38 - 1.25 1.25
down 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.00 - 1.39 1.24

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:


0.00%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 33.7923

Dividend Weekly: ₹ 10.3647

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Dividend Monthly: ₹ 15.2754

Dividend Daily: ₹ 10.3724


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
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.41%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,189 Cr (As on 30-Jun-2020)
Expense: 0.32% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend Daily23-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
 27-Feb-20200.0005
 26-Feb-20200.0011
 25-Feb-20200.0016
 24-Feb-20200.0045
 20-Feb-20200.0015
 18-Feb-20200.0005
 17-Feb-20200.0032
 14-Feb-20200.0012
Dividend 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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