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2 star

Kotak Liquid - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, 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 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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(₹)
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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 2.66 0.01 0.07 0.32 1.09 2.47 5.34 6.56 6.93 7.57 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Liquid 2.59 0.01 0.06 0.29 1.03 2.40 5.29 6.46 6.81 7.50 --
Rank within category 24 6 7 7 18 24 24 26 25 24 --
Number of funds in category 39 39 39 39 39 39 39 35 34 33 1

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Liquid - Direct Plan  | Invest Online
2 star
Jan-13 5.34 6.56 6.93 0.20 36,040
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.64 6.75 7.08 0.21 36,679
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.60 6.74 7.07 0.19 30,604
Axis Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.55 6.71 7.04 0.15 27,032
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.61 6.71 7.03 0.21 17,858

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.54 (24-Mar-2020 - 31-Mar-2020) -0.26 (17-Mar-2020 - 24-Mar-2020)
Month 0.97 (08-Aug-2013 - 09-Sep-2013) 0.07 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.73 (24-Jul-2013 - 23-Oct-2013) 0.92 (24-Dec-2019 - 24-Mar-2020)
Year 9.90 (26-Jul-2013 - 27-Jul-2014) 5.35 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.42 0.29 3.86 5.52 0.42 1.63
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.33 0.50 3.67 4.95 0.58 1.73
Rank within category 27 15 23 17 9 28
Number of funds in category 35 35 35 35 35 35

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 77 82 55 40
Modified Duration (yrs) 0.12 0.15 0.08 --
Average Maturity (yrs) 0.12 0.16 0.08 --
Yield to Maturity (%) 3.64 6.50 3.64 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 13.62 13.62
equal Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 11.05 9.95
up Reserve Bank of India 91-D 16/07/2020 Treasury Bills SOV 0.00 - 3.23 3.23
equal Power Finance Corp. 90-D 28/07/2020 Commercial Paper A1+ 0.00 - 3.61 2.77
new Reserve Bank of India 182-D 23/07/2020 Treasury Bills SOV 0.00 - 2.77 2.77
equal NTPC 91-D 13/08/2020 Commercial Paper A1+ 0.00 - 3.07 2.76
new Reliance Jio Infocomm 91-D 04/09/2020 Commercial Paper A1+ 0.00 - 2.48 2.48
new HDFC 364-D 09/09/2020 Commercial Paper A1+ 0.00 - 2.21 2.21
equal National Housing Bank 89-D 24/08/2020 Commercial Paper A1+ 0.00 - 2.45 2.21
new LIC Housing Fin. 329-D 11/09/2020 Commercial Paper A1+ 0.00 - 1.86 1.86
new 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 1.61 1.61
equal 8.37% REC 14/08/2020 Bonds AAA 0.00 - 1.75 1.56
equal Reliance Jio Infocomm 91-D 10/08/2020 Commercial Paper A1+ 0.00 - 1.53 1.38
equal Bajaj Finance 91-D 17/08/2020 Commercial Paper A1+ 0.00 - 1.53 1.38
new Reliance Industries 91-D 01/09/2020 Commercial Paper A1+ 0.00 - 1.38 1.38
new Cholamandalam Invest. & Fin. 56-D 31/07/2020 Commercial Paper A1+ 0.00 - 1.38 1.38
equal SIDBI 23/07/2020 Certificate of Deposit AAA 0.00 - 1.81 1.38
new Reliance Industries 91-D 31/08/2020 Commercial Paper A1+ 0.00 - 1.38 1.38
equal LIC Housing Fin. 85-D 05/08/2020 Commercial Paper A1+ 0.00 - 1.53 1.38
equal M&M Financial Services 90-D 20/08/2020 Commercial Paper A1+ 0.00 - 1.53 1.38
equal 8.57% REC 20/08/2020 Non Convertible Debenture AAA 0.00 - 1.45 1.30
new 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 0.00 - 1.27 1.27
equal Tata Steel 90-D 24/08/2020 Commercial Paper A1+ 0.00 - 1.38 1.24
new Indian Oil Corp. 63-D 17/08/2020 Commercial Paper A1+ 0.00 - 1.11 1.11
new HDFC 364-D 26/08/2020 Commercial Paper A1+ 0.00 - 1.04 1.04

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

*As on 31-May-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:


0.01%

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

Growth: ₹ 4,066.1569

Dividend Weekly: ₹ 1,005.2180

Dividend Daily: ₹ 1,222.8100


Investment Strategy

The scheme seeks to provide a high level of liquidity along with reasonable returns through investments in money and other short-term debt instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.66%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 36,040 Cr (As on 30-Jun-2020)
Expense: 0.20% (As on 31-May-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.1192

 13-Jul-20200.1075
 12-Jul-20200.2120
 10-Jul-20200.1194
 09-Jul-20200.1420
 08-Jul-20200.1210
 07-Jul-20200.1036
 06-Jul-20200.0941
 05-Jul-20200.2133
 03-Jul-20200.0787
 02-Jul-20200.1204
 01-Jul-20200.1801
 30-Jun-20200.1477
 29-Jun-20200.1258
 28-Jun-20200.2153
 26-Jun-20200.1023
 25-Jun-20200.1604
 24-Jun-20200.1550
 23-Jun-20200.1456
 22-Jun-20200.1552
 21-Jun-20200.2301
 19-Jun-20200.2116
 18-Jun-20200.1441
 17-Jun-20200.1345
 16-Jun-20200.1483
Dividend Weekly14-Jul-20200.6624

 07-Jul-20200.6861
 30-Jun-20200.7438
 23-Jun-20200.8419
 16-Jun-20200.9714
 09-Jun-20200.5385
 02-Jun-20200.3847
 27-May-20201.1351
 19-May-20201.1510
 12-May-20200.9877
 05-May-20200.6295
 28-Apr-20200.9433
 21-Apr-20201.2423
 14-Apr-20200.8056
 08-Apr-20201.3310
 31-Mar-20201.8004
 17-Mar-20200.5447
 10-Mar-20201.0271
 03-Mar-20200.6464
 25-Feb-20200.6986
 18-Feb-20200.7451
 11-Feb-20200.7271
 04-Feb-20200.7020
 28-Jan-20200.6975
 21-Jan-20200.6850

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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