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Kotak Banking and PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 2.09 0.08 0.27 1.81 3.01 5.77 12.14 8.79 9.03 9.18 --
CCIL T Bill Liquidity Weight 0.45 0.00 0.04 0.33 0.88 1.81 4.08 4.15 4.44 4.78 --
Debt: Banking and PSU 2.01 0.06 0.26 1.74 2.73 5.36 11.26 8.30 8.58 8.82 --
Rank within category 8 4 6 7 5 6 5 4 2 -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 4 0

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.69 (16-Aug-2013 - 23-Aug-2013) -0.89 (18-Jul-2013 - 25-Jul-2013)
Month 2.88 (24-Jul-2013 - 23-Aug-2013) -1.13 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.97 (24-Jul-2013 - 23-Oct-2013) -0.07 (23-Apr-2013 - 24-Jul-2013)
Year 12.83 (24-Jul-2013 - 24-Jul-2014) 4.31 (04-Oct-2017 - 04-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.93 1.90 1.19 2.01 4.50 9.49
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.52 2.04 1.05 2.03 4.66 9.35
Rank within category 7 7 6 8 8 8
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 81 81 36 68
Modified Duration (yrs) 2.42 3.36 1.89 2.52
Average Maturity (yrs) 3.29 4.61 2.52 3.22
Yield to Maturity (%) 6.93 8.48 6.93 6.78

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 8.09 6.36
up State Bank of India 2056 Debenture AA+ 2.14 - 5.71 4.94
new 9.53% Allahabad Bank 27/12/2029 Debenture AA- 0.00 - 4.25 4.25
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 6.11 4.22
equal 9.90% ICICI Bank Non Convertible Debenture AA+ 1.05 - 3.37 3.13
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 2.82 2.62
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.99 2.33
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.77 2.30
equal 9.15% ICICI Bank Debenture AA+ 2.26 - 6.84 2.26
equal 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 2.39 2.21
equal REC 13/12/2022 Debenture AAA 0.00 - 2.83 2.20
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 3.81 2.17
equal Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.32 2.16
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.15 2.15
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 2.67 2.10
down 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 5.73 2.02
up 6.87% REC 24/09/2020 Debenture AAA 0.21 - 4.94 1.96
new 9.10% Union Bank of India Non Convertible Debenture AA 0.00 - 1.76 1.76
new 7.80% GOI 2020 Central Government Loan SOV 0.00 - 1.66 1.66
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 9.43 1.47
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 1.44 - 5.58 1.44
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 3.23 1.31
equal 8.42% Bank of Baroda 2028 Debenture AAA 1.25 - 4.63 1.25
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.17 - 4.37 1.17
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 4.11 1.17

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-Jan-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:

Invest Online
0.08%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 47.4508

Dividend Monthly: ₹ 10.5729

Investment Strategy

The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.

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: 9.21%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,553 Cr (As on 31-Jan-2020)
Expense: 0.29% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-Feb-20200.1200

 13-Jan-20200.0744
 12-Dec-20190.0255
 13-Nov-20190.0762
 15-Oct-20190.0456
 14-Oct-20190.0456
 12-Sep-20190.0511
 13-Aug-20190.0553
 12-Jul-20190.1341
 12-Jun-20190.1426
 13-May-20190.0350
 12-Apr-20190.0566
 12-Mar-20190.0693
 12-Feb-20190.0460
 14-Jan-20190.0767
 12-Dec-20180.0983
 12-Nov-20180.0739
 12-Oct-20180.0402
 12-Sep-20180.0019
 13-Aug-20180.0581
 12-Jul-20180.0834
 12-Jun-20180.0056
 14-May-20180.0370
 12-Apr-20180.0852
 12-Mar-20180.0157
Dividend Daily06-Sep-20170.0011

 05-Sep-20170.0005
 04-Sep-20170.0023
 01-Sep-20170.0053
 31-Aug-20170.0023
 30-Aug-20170.0008
 29-Aug-20170.0036
 28-Aug-20170.0047
 24-Aug-20170.0013
 23-Aug-20170.0004
 22-Aug-20170.0003
 21-Aug-20170.0046
 18-Aug-20170.0043
 16-Aug-20170.0005
 14-Aug-20170.0011
 08-Aug-20170.0009
 07-Aug-20170.0038
 04-Aug-20170.0006
 03-Aug-20170.0108
 02-Aug-20170.0040
 01-Aug-20170.0028
 31-Jul-20170.0015
 27-Jul-20170.0014
 25-Jul-20170.0005
 24-Jul-20170.0056
Dividend Yearly15-Mar-20171.1221

 14-Mar-20160.9588
 20-Mar-20151.0743
 20-Mar-20141.2668
 20-Mar-20130.2582

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

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