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Kotak Banking and PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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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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 9.46 0.14 0.34 1.37 1.66 6.12 11.19 9.33 9.18 9.27 --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 --
Debt: Banking and PSU 8.98 0.09 0.23 1.27 1.48 5.54 10.53 8.84 8.77 9.15 --
Rank within category 8 3 3 6 3 5 7 5 3 5 --
Number of funds in category 19 20 20 20 19 19 19 16 14 10 0

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 11.19 9.33 9.18 0.34 9,277
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
 Mar-13 11.42 9.80 8.85 0.30 18,980
Axis Banking & PSU Debt Fund - Direct Plan
5 star
 Jan-13 10.10 9.48 8.93 0.31 17,591
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
 May-15 11.53 9.34 9.11 0.31 6,429
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
 Jan-13 9.39 9.09 8.61 0.28 1,751

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.86 (24-Mar-2020 - 31-Mar-2020) -1.80 (12-Mar-2020 - 19-Mar-2020)
Month 3.51 (24-Mar-2020 - 23-Apr-2020) -2.44 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.24 (24-Mar-2020 - 24-Jun-2020) -0.22 (24-Dec-2019 - 24-Mar-2020)
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 8.67 2.33 1.55 2.89 1.75 5.63
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Banking and PSU 8.30 2.36 1.48 2.97 2.24 5.83
Rank within category 7 13 8 10 7 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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 100 102 62 82
Modified Duration (yrs) 2.94 3.56 2.42 2.88
Average Maturity (yrs) 3.87 4.73 3.29 3.75
Yield to Maturity (%) 5.83 7.13 5.80 5.39
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 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.88 - 4.70 4.60
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.29 4.27
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 4.05 3.33
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 5.05 3.01
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 4.51 2.98
up 7.33% IRFC 27/08/2027 Debenture AAA 0.00 - 2.74 2.71
new 7.20% Maharashtra State 2027 State Development Loan SOV 0.00 - 2.23 2.23
equal 7.25% Punjab National Bank 29/07/2030 Debenture AA+ 0.00 - 2.18 2.15
new 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 2.15 2.15
down Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 2.72 2.15
new Reserve Bank of India 182-D 24/12/2020 Treasury Bills SOV 0.00 - 2.14 2.14
new 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.11 2.11
new 5.28% Bihar State 23/09/2023 State Development Loan SOV 0.00 - 2.08 2.08
equal 10.49% Bank of Baroda Bonds AA 0.00 - 3.11 2.08
up 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.00 - 1.92 1.92
equal 9.53% Indian Bank 27/12/2029 Debenture AA- 0.00 - 4.30 1.82
equal 8.42% Bank of Baroda 2028 Debenture AAA 1.10 - 2.92 1.80
up REC 13/12/2022 Debenture AAA 0.00 - 2.83 1.68
equal Export-Import Bank 22/04/2021 Certificate of Deposit AAA 0.00 - 3.44 1.58
equal 9.50% Union Bank of India 31/12/2048 Bonds AA- 0.00 - 2.12 1.50
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 1.82 1.50
down 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 5.73 1.46
equal 9.10% Union Bank of India Non Convertible Debenture AA 0.00 - 2.76 1.44
equal 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 2.39 1.42
up 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 1.40 1.40

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-Sep-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
0.14%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 50.8772

Dividend Monthly: ₹ 10.5333

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: 9.33%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,277 Cr (As on 30-Sep-2020)
Expense: 0.34% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-Oct-20200.1059

 14-Sep-20200.0086
 12-Aug-20200.0067
 13-Jul-20200.2528
 12-Jun-20200.1622
 12-May-20200.2114
 13-Apr-20200.0184
 12-Mar-20200.0078
 12-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
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: 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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