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4 star

Kotak Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

"Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon."

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 -0.27 0.06 0.09 -0.67 0.22 2.94 3.09 9.22 6.85 7.89 --
VR Bond -0.31 0.04 -0.12 -0.54 0.48 1.87 2.23 5.69 5.55 6.42 --
Debt: Medium to Long Duration -0.22 0.02 0.05 -0.48 0.30 2.52 3.41 7.39 6.25 7.36 --
Rank within category 14 3 6 18 11 3 6 3 8 7 --
Number of funds in category 19 19 19 19 17 15 14 14 14 14 0

As on 14-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.09 9.22 6.85 0.74% 2,776
ICICI Prudential Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.15 8.65 7.31 0.56% 4,007
Aditya Birla Sun Life Income Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.27 9.23 7.13 0.40% 3,214
SBI Magnum Income Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.16 9.46 8.04 0.80% 1,701
Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026 - Direct Plan  | Invest Online
Unrated
Mar-21 -- -- -- 0.16% 4,212

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.47 19-Aug-2013 - 26-Aug-2013 -3.84 12-Aug-2013 - 19-Aug-2013
Month 4.81 26-Feb-2016 - 28-Mar-2016 -6.15 19-Jul-2013 - 19-Aug-2013
Quarter 7.90 12-Sep-2014 - 12-Dec-2014 -9.73 20-May-2013 - 19-Aug-2013
Year 18.48 26-Feb-2014 - 27-Feb-2015 -1.01 16-May-2013 - 16-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.07 3.59 1.49 1.98 1.62 2.08
VR Bond 5.74 2.02 1.00 1.37 -- --
Debt: Medium to Long Duration 7.35 3.62 1.26 2.09 1.24 1.12
Rank within category 2 9 4 7 12 5
Number of funds in category 14 14 14 14 14 14

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 104 24 23
Modified Duration (yrs) 3.78 6.02 3.61 4.00
Average Maturity (yrs) 7.42 9.77 6.47 5.49
Yield to Maturity (%) 6.14 6.61 5.65 5.50
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
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 5.99 - 14.95 14.95
equal 6.38% Maharashtra State 25/08/2027 State Development Loan SOV 0.00 - 13.27 10.80
equal 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 18.56 10.64
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 11.71 8.09
equal GOI 2028 GOI Securities SOV 0.00 - 6.58 6.58
equal 6.72% Kerala State 24/03/2027 State Development Loan SOV 0.00 - 18.31 5.67
down 7.92% West Bengal State 15/03/2027 State Development Loan SOV 0.00 - 5.62 4.80
new 6.10% GOI 2031 GOI Securities SOV 0.00 - 4.74 4.74
down 7.84% Tamilnadu State 13/07/2026 State Development Loan SOV 0.00 - 16.77 4.58
equal Power Finance Corporation 22/01/2031 Floating Rate Debenture AAA 3.28 - 8.91 3.47
equal 7.85% Rajasthan State 15/03/2027 State Development Loan SOV 0.00 - 3.69 2.11
equal 7.23% Rajasthan State 14/06/2027 State Development Loan SOV 0.00 - 3.25 1.87
down 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 3.73 1.76
equal 7.29% Kerala State 28/12/2026 State Development Loan SOV 0.00 - 2.63 1.51
up GOI 22/02/2028 GOI Securities SOV 0.00 - 1.40 1.40
equal 6.45% Rajasthan State 2027 State Development Loan SOV 0.00 - 2.42 1.39
equal 7.18% Uttarakhand State 2027 State Development Loan SOV 0.00 - 1.63 1.30
equal GOI 22/02/2029 GOI Securities SOV 0.00 - 1.30 1.30
equal GOI 22/08/2029 GOI Securities SOV 0.00 - 1.26 1.26
equal 7.39% Maharashtra State 2026 State Development Loan SOV 0.00 - 1.98 1.13
up GOI 22/02/2027 GOI Securities SOV 0.00 - 0.98 0.98
equal 7.29% West Bengal State 28/12/2026 State Development Loan SOV 0.00 - 1.64 0.94
equal 7.15% Rajasthan State 2027 State Development Loan SOV 0.00 - 1.62 0.93
equal GOI 2031 GOI Securities SOV 0.00 - 0.90 0.90
equal GOI 22/08/2028 GOI Securities SOV 0.00 - 0.88 0.88

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-2021

Fund Manager

— Abhishek Bisen since 01-Jan-2013

Education: Mr. Bisen is a BA and MBA in Finance.

Experience: Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.

Funds Managed:


0.06%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 67.6818

IDCW: ₹ 22.5266


Investment Strategy

The scheme aims to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kind of issuers in the debt market. The wholesale plan is targeted at big ticket investors and corporate.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 8.15%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,776 Cr (As on 31-Dec-2021)
Expense: 0.74% (As on 30-Nov-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW12-Mar-20211.7519

 12-Mar-20202.1683
 12-Mar-20191.1029
 12-Mar-20180.4115
 15-Mar-20171.7756
 14-Mar-20160.5645
 20-Mar-20152.5896
 20-Mar-20140.2304
IDCW Quarterly21-Mar-20160.1010

 21-Dec-20150.0247
 21-Sep-20150.1643
 22-Jun-20150.3115
 22-Sep-20140.2244
 20-Jun-20130.4117
 20-Mar-20130.1614

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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