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4 star

Kotak Low Duration Fund - Standard Plan - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 5.93 0.00 0.13 0.63 3.70 4.88 9.85 8.63 8.96 9.24 --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 --
Debt: Low Duration 4.54 -0.01 0.11 1.50 4.00 3.57 6.88 5.62 6.63 7.39 --
Rank within category 2 3 6 7 5 2 2 1 1 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 06-Aug-2020

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
4 star
Jan-13 9.85 8.63 8.96 0.34 5,969
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.03 8.08 8.35 0.41 18,689
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.32 8.46 8.60 0.41 11,158
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.54 7.96 7.98 0.40 8,548
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.71 8.32 8.32 0.30 4,955

Best & Worst Performance

Best (Period) Worst (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) 6.77 (15-May-2013 - 15-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.35 1.30 2.41 3.58 -0.25 2.83
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Low Duration 5.71 4.36 1.39 2.80 -1.00 -0.70
Rank within category 1 13 9 10 7 10
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 66 81 57 44
Modified Duration (yrs) 0.93 0.97 0.74 --
Average Maturity (yrs) 1.08 1.20 0.90 --
Yield to Maturity (%) 5.95 9.47 5.95 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 6.17 6.17
new 8.12% GOI 2020 Central Government Loan SOV 0.00 - 5.98 5.98
equal Indusind Bank 21/01/2021 Certificate of Deposit A1+ 0.00 - 7.67 5.26
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 5.14 5.14
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 4.75 - 8.35 4.75
new 7.43% Chhattisgarh State 13/03/2022 State Development Loan SOV 0.00 - 4.74 4.74
equal 11.80% Tata Steel Debenture AA- 0.00 - 5.27 3.58
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 4.66 3.21
equal 0.10% Manappuram Finance Bonds/Debentures AA 0.00 - 4.40 3.05
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.00 - 3.82 2.67
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 2.60 - 4.85 2.60
up 8.36% Madhya Pradesh State 16/03/2021 State Development Loan SOV 0.00 - 2.59 2.59
new Reserve Bank of India 91-D 10/09/2020 Treasury Bills SOV 0.00 - 2.50 2.50
up 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.55 - 2.37 2.37
equal 11.50% Tata Steel Debenture AA- 0.00 - 3.26 2.22
equal Shriram City Union Finance 14/07/2032 Structured Obligation AAA 0.00 - 3.30 2.12
new Kotak Mahindra Prime 2021 Deep Discount Bonds AAA 0.00 - 2.06 2.06
up 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.91 1.76
new 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 1.74 1.74
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 2.52 1.72
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 2.51 1.72
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.72 1.72
new 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.77 1.71
equal 7.41% Nabha Power 20/04/2022 Debenture AAA 0.00 - 2.48 1.70
equal Indostar Capital Finance 15/03/2023 Non Convertible Debenture AA- 0.00 - 2.42 1.64

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

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:


0.00%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 2,682.8335

Dividend Weekly: ₹ 1,199.4085

Dividend Monthly: ₹ 1,156.8717


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: 8.98%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,969 Cr (As on 30-Jun-2020)
Expense: 0.34% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly04-Aug-20201.4413

 28-Jul-20200.1895
 21-Jul-20201.7930
 14-Jul-20203.4378
 07-Jul-20203.1992
 30-Jun-20204.4612
 23-Jun-20206.0672
 16-Jun-20204.0990
 09-Jun-20201.0950
 02-Jun-20201.3069
 27-May-20206.9983
 19-May-20205.5905
 12-May-20203.6374
 21-Apr-20201.2454
 08-Apr-20202.3138
 31-Mar-20201.7462
 11-Mar-20201.1558
 03-Mar-20200.4159
 25-Feb-20201.3935
 18-Feb-20201.0343
 11-Feb-20202.9059
 04-Feb-20201.3085
 28-Jan-20201.6862
 21-Jan-20201.1968
 14-Jan-20201.3890
Dividend Monthly12-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
 12-Oct-20173.6596
 12-Sep-20174.1478
 14-Aug-20175.9527

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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