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Kotak Low Duration Fund - Standard Plan - Direct Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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 0.60 0.03 0.21 0.70 2.08 4.75 9.09 8.34 8.89 8.87 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Low Duration 0.31 0.03 0.23 0.40 1.13 2.87 2.49 5.60 6.69 7.50 --
Rank within category 5 21 4 5 2 2 1 1 -- -- --
Number of funds in category 26 26 26 26 26 26 26 25 23 22 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.59 (01-Oct-2013 - 09-Oct-2013) -1.37 (09-Jul-2013 - 16-Jul-2013)
Month 1.38 (19-Dec-2014 - 20-Jan-2015) -1.06 (14-Jun-2013 - 16-Jul-2013)
Quarter 3.32 (12-Sep-2014 - 12-Dec-2014) -0.10 (15-May-2013 - 14-Aug-2013)
Year 10.97 (26-Feb-2014 - 27-Feb-2015) 6.77 (15-May-2013 - 15-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.11 0.85 2.81 3.86 1.64 5.09
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Low Duration 5.65 3.16 1.04 1.94 1.95 3.14
Rank within category 1 9 2 8 4 6
Number of funds in category 25 25 25 25 25 25

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 77 79 66 53
Modified Duration (yrs) 0.88 0.92 0.66 0.78
Average Maturity (yrs) 1.08 1.12 0.79 0.95
Yield to Maturity (%) 7.72 10.09 7.72 7.05

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 6.59 - 8.60 6.59
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 4.85 3.41
equal 8.57% REC 20/08/2020 Non Convertible Debenture AAA 0.00 - 3.60 3.40
new Shriram City Union Finance 20/06/2022 Structured Obligation AAA 0.00 - 3.35 3.35
equal REC 361-D 19/06/2020 Commercial Paper A1+ 0.00 - 3.83 3.27
up 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 3.57 3.18
equal ECL Finance 2020 Zero Coupon Bonds AA- 0.00 - 3.53 2.98
equal 0.10% Manappuram Finance Bonds/Debentures AA 0.00 - 3.15 2.97
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 2.40 - 3.47 2.84
equal Reliance Retail Ltd. 21/06/2020 Non Convertible Debenture AAA 1.72 - 3.46 2.84
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 2.94 2.79
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 2.74 2.74
new Piramal Enterprises 35-D 20/01/2020 Commercial Paper A1+ 0.00 - 2.50 2.50
equal Bharti Telecom 90-D 26/02/2020 Commercial Paper A1+ 0.00 - 2.62 2.49
equal 8.75% Nabha Power 28/02/2020 Debenture AAA 0.00 - 2.89 2.27
equal National Bank Agr. Rur. Devp 313-D 08/06/2020 Commercial Paper A1+ 0.00 - 2.40 2.05
up 11.25% Syndicate Bank Bonds A+ 0.01 - 1.82 1.82
equal Avendus Finance 17/07/2020 Floating Rate Debenture A+ 1.68 - 2.21 1.68
new 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 1.68 1.68
new 7.41% Nabha Power 20/04/2022 Debenture AAA 0.00 - 1.67 1.67
new Piramal Enterprises 36-D 21/01/2020 Commercial Paper A1+ 0.00 - 1.67 1.67
new Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 1.64 1.64
new Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 1.64 1.64
equal HDFC 364-D 05/08/2020 Commercial Paper A1+ 0.00 - 1.98 1.62
equal Reliance Retail Ltd. 21/03/2020 Zero Coupon Bonds AAA 1.60 - 1.97 1.60

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-Dec-2019

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:


0.06%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 2,549.2943

Dividend Weekly: ₹ 1,201.1183

Dividend Monthly: ₹ 1,108.6355


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
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.89%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,963 Cr (As on 31-Dec-2019)
Expense: 0.31% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly21-Jan-20201.1968

 14-Jan-20201.3890
 07-Jan-20201.5651
 31-Dec-20190.7219
 24-Dec-20191.8764
 17-Dec-20190.7704
 10-Dec-20190.1696
 03-Dec-20191.7752
 26-Nov-20191.1266
 19-Nov-20192.0425
 13-Nov-20190.7106
 05-Nov-20192.0618
 30-Oct-20191.9309
 23-Oct-20192.1797
 15-Oct-20191.7379
 09-Oct-20192.2898
 01-Oct-20191.6232
 24-Sep-20190.0642
 17-Sep-20191.0917
 11-Sep-20191.7951
 04-Sep-20191.7083
 27-Aug-20192.5804
 20-Aug-20191.0969
 14-Aug-20192.2569
 06-Aug-20192.2001
Dividend Monthly13-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
 12-Oct-20173.6596
 12-Sep-20174.1478
 14-Aug-20175.9527
 12-Jul-20175.0568

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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