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4 star

Kotak Low Duration Fund - Standard Plan - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 4.02 0.02 0.06 0.33 0.85 2.24 4.37 7.57 7.63 8.32 --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 3.22 3.53 3.99 --
Debt: Low Duration 4.29 0.02 0.07 0.34 1.32 2.56 4.72 5.02 5.78 6.61 --
Rank within category 7 7 21 18 5 6 8 1 1 -- --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 02-Dec-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
4 star
Jan-13 4.37 7.57 7.63 0.41% 11,005
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.50 7.37 7.21 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.66 7.41 7.15 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.39 7.53 7.46 0.40% 17,415
Nippon India Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.89 6.91 6.96 0.33% 9,621

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 4.33 25-Nov-2020 - 25-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.34 1.37 2.59 4.59 0.83 4.06
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 1 13 9 11 13 2
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 89 112 88 60
Modified Duration (yrs) 0.76 1.07 0.69 --
Average Maturity (yrs) 1.95 2.41 0.86 --
Yield to Maturity (%) 4.67 4.77 4.17 --
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
new Reserve Bank of India 91-D 06/01/2022 Treasury Bills SOV 0.00 - 6.86 6.86
new Reserve Bank of India 91-D 13/01/2022 Treasury Bills SOV 0.00 - 5.41 5.41
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 5.91 5.34
new Reserve Bank of India 364-D 02/12/2021 Treasury Bills SOV 0.00 - 4.30 4.30
down 6.51% GOI 2024 GOI Securities SOV 0.00 - 5.72 4.23
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 4.21 3.88
equal Shriram Transport Finance Company 28/04/2023 Debenture AA+ 0.00 - 2.96 2.75
equal Indusind Bank 15/02/2022 Certificate of Deposit A1+ 0.00 - 2.90 2.70
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 2.89 2.69
equal Export-Import Bank 212-D 17/03/2022 Certificate of Deposit A1+ 0.00 - 2.89 2.69
new Vedanta 91-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.25 2.25
equal GOI 2031 GOI Securities SOV 0.00 - 2.41 2.24
up Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 1.20 - 2.04 2.04
down 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 1.96 - 4.57 1.96
equal 7.41% Nabha Power 20/04/2022 Non Convertible Debenture AAA 1.46 - 2.04 1.89
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.98 1.83
equal 8.15% Haryana State 27/05/2025 State Development Loan SOV 0.00 - 1.96 1.81
new Reliance Jio Infocomm 240-D 17/06/2022 Commercial Paper A1+ 0.00 - 1.77 1.77
new Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 1.67 1.67
equal 9.75% Manappuram Finance Bonds/Debentures AA 1.26 - 1.76 1.63
down Power Finance Corporation 2024 Floating Rate Debenture AAA 0.00 - 1.61 1.33
new Sikka Ports and Terminals 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 1.33 1.33
equal 9.25% Manappuram Finance 14/02/2022 Non Convertible Debenture AA 0.00 - 1.41 1.30
equal 5.11% HDB Financial Services 26/07/2022 Zero Coupon Bonds AAA 0.98 - 1.38 1.28
equal 7.41% Nabha Power 20/04/2022 Debenture AAA 0.89 - 1.24 1.15

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-Oct-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:


0.02%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 2,864.2656

IDCW: ₹ 1,217.1816


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: 8.39%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,005 Cr (As on 31-Oct-2021)
Expense: 0.41% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly14-Sep-20210.6657

 07-Sep-20211.8359
 31-Aug-20211.2946
 24-Aug-20211.5053
 18-Aug-20211.9665
 10-Aug-20211.0592
 03-Aug-20211.1758
 27-Jul-20211.4307
 20-Jul-20211.8384
 13-Jul-20211.0270
 06-Jul-20210.8898
 29-Jun-20210.5915
 22-Jun-20210.2074
 15-Jun-20211.0336
 08-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
IDCW12-Aug-20211.8932

 12-Jul-20210.3251
 14-Jun-20216.0291
 12-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

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: https://www.kotakmf.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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