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5 star

Kotak Low Duration Fund - Standard Plan - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 to 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 1.94 0.03 0.09 0.49 1.57 2.15 6.56 8.20 8.26 8.73 --
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: Low Duration 1.90 0.03 0.12 0.42 1.42 2.11 8.37 5.45 6.23 6.89 --
Rank within category 9 8 24 5 5 9 11 2 1 -- --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 6.56 8.20 8.26 0.39 12,765
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 6.66 7.91 7.78 0.42 30,234
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.16 7.95 7.81 0.44 24,543
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.57 8.22 8.04 0.40 16,526
Axis Treasury Advantage Fund - Direct Plan
4 star
Jan-13 5.75 7.79 7.65 0.29 10,158

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.78 24-Mar-2020 - 31-Mar-2020 -1.37 09-Jul-2013 - 16-Jul-2013
Month 2.19 24-Mar-2020 - 23-Apr-2020 -1.17 25-Feb-2020 - 26-Mar-2020
Quarter 4.65 24-Mar-2020 - 24-Jun-2020 -0.10 15-May-2013 - 14-Aug-2013
Year 10.97 26-Feb-2014 - 27-Feb-2015 6.62 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.96 1.34 2.74 4.25 0.62 4.14
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.54 4.24 1.71 3.08 -0.53 0.84
Rank within category 1 13 10 11 12 5
Number of funds in category 24 24 24 24 24 24

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 100 112 68 61
Modified Duration (yrs) 0.90 1.13 0.69 0.75
Average Maturity (yrs) 1.61 1.61 0.86 0.99
Yield to Maturity (%) 4.61 5.95 4.17 4.57
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 Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.45 5.08
new 6.10% Karnataka State 2021 State Development Loan SOV 0.00 - 3.96 3.96
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 1.24 - 3.69 3.69
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 3.29 3.04
equal Shriram Transport Finance Company 28/04/2023 Debenture AA+ 0.00 - 2.53 2.35
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.51 2.34
equal Reserve Bank of India 91-D 15/07/2021 Treasury Bills SOV 0.00 - 2.51 2.34
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.49 2.32
equal Indusind Bank 15/02/2022 Certificate of Deposit A1+ 0.00 - 2.45 2.28
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.04 2.04
up 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 1.96 1.96
new 9.53% Indian Bank Additional Tier 2 Bond AA+ 0.00 - 1.75 1.75
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.90 1.70
equal 7.41% Nabha Power 20/04/2022 Non Convertible Debenture AAA 0.00 - 2.52 1.64
new 8.15% Haryana State 27/05/2025 State Development Loan SOV 0.00 - 1.57 1.57
equal Reliance Industries 123-D 28/06/2021 Commercial Paper A1+ 0.00 - 1.68 1.56
equal GOI 2031 GOI Securities SOV 0.00 - 1.56 1.45
equal 0.10% Manappuram Finance Bonds/Debentures AA 1.31 - 3.05 1.43
up 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.38 1.38
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 1.20 - 2.67 1.37
down 6.51% GOI 2024 GOI Securities SOV 0.00 - 1.74 1.28
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 3.34 1.23
equal REC 13/12/2022 Debenture AAA 0.00 - 2.47 1.22
equal 7.59% LIC Housing Fin. 14/10/2021 Bonds AAA 0.00 - 1.32 1.19
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 0.00 - 1.30 1.19

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 31-Jan-2015

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:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 2,806.9925

IDCW Weekly: ₹ 1,199.8111

IDCW Monthly: ₹ 1,201.0732


Investment Strategy

The scheme seeks to generate income through investment in low duration debt and money market securities.

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: 8.62%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,765 Cr (As on 31-May-2021)
Expense: 0.39% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly08-Jun-20211.6698

 01-Jun-20211.5063
 25-May-20211.1478
 18-May-20211.0795
 11-May-20210.9592
 04-May-20212.0663
 27-Apr-20211.4834
 20-Apr-20211.2688
 15-Apr-20211.0480
 06-Apr-20211.4492
 31-Mar-20212.9078
 23-Mar-20210.9016
 09-Mar-20210.9171
 02-Mar-20210.4254
 23-Feb-20211.0670
 16-Feb-20210.2624
 12-Jan-20210.8672
 05-Jan-20211.6077
 29-Dec-20201.1298
 22-Dec-20200.7329
 15-Dec-20200.7355
 08-Dec-20200.5139
 02-Dec-20201.1655
 24-Nov-20202.0013
 18-Nov-20201.6300
IDCW Monthly12-Apr-20216.3842

 12-Mar-20212.8313
 12-Feb-20210.0144
 12-Feb-20206.7679
 13-Jan-20205.6582
 12-Dec-20194.4112
 13-Nov-20196.8614
 15-Oct-20195.9298
 14-Oct-20195.9298
 12-Sep-20192.9934
 13-Aug-20195.8945
 12-Jul-20193.9521
 12-Jun-20191.7008
 13-May-20191.4564
 12-Mar-20195.0622
 12-Feb-20194.6877
 14-Jan-20194.5461
 12-Dec-20184.7262
 12-Nov-20181.8665
 12-Oct-20184.4163
 12-Sep-20183.3488
 13-Aug-20185.9436
 12-Jul-20186.9868
 12-Jun-201827.5730
 13-Nov-20175.5642

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

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

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