VR Logo

3 star

Kotak Bond Fund - Direct Plan


Debt: Medium to Long Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 9.39 -0.15 -0.31 0.47 3.52 7.12 11.35 8.25 9.18 9.33 --
VR Bond 5.91 -0.04 0.09 0.63 2.15 4.62 7.13 6.93 7.49 7.93 --
Debt: Medium to Long Duration 7.94 -0.12 -0.22 0.45 3.48 6.19 9.63 7.11 8.43 8.84 --
Rank within category 4 10 13 7 8 4 5 7 7 8 --
Number of funds in category 14 14 14 14 14 14 14 14 14 14 0

As on 07-Aug-2020

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
3 star
Jan-13 11.35 8.25 9.18 0.80 1,399
ICICI Prudential Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 12.59 8.65 9.34 0.61 3,645
SBI Magnum Income Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.91 8.95 10.02 0.86 1,342
IDFC Bond Fund Income Plan - Direct Plan
4 star
Jan-13 10.83 8.62 9.73 1.34 685
Nippon India Income Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.39 8.78 9.77 1.02 438

Best & Worst Performance

Best (Period) Worst (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 8.20 3.48 0.86 1.87 1.58 0.47
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Medium to Long Duration 7.12 3.51 0.74 1.73 1.27 -0.12
Rank within category 7 9 8 9 10 9
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 32 20 17
Modified Duration (yrs) 6.35 6.61 4.43 --
Average Maturity (yrs) 9.26 10.95 6.60 --
Yield to Maturity (%) 6.59 7.42 6.54 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 34.25 34.25
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 19.06 19.06
equal 7.55% REC 2030 Debenture AAA 0.00 - 8.57 8.57
equal 7.18% Canara Bank 2030 Zero Coupon Bonds AAA 0.00 - 8.41 8.07
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 4.57 4.53
new 8.25% Bank of Baroda Debenture AA+ 0.00 - 2.83 2.83
down 7.57% GOI 17/06/2033 GOI Securities SOV 2.36 - 33.00 2.36
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 5.54 2.27
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 1.73 - 3.35 2.20
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 2.29 2.16
equal 7.75% Power Finance Corp. 2030 Non Convertible Debenture AAA 0.00 - 1.89 1.89
equal 9.05% Punjab National Bank 2027 Bonds/Debentures A+ 0.00 - 1.96 1.87
equal 5.62% Export-Import Bank 20/06/2025 Debenture AAA 0.00 - 1.81 1.81
equal 7.44% Bank of Baroda 2030 Debenture AAA 0.00 - 5.03 1.51
new 9.05% Punjab National Bank 24/06/2026 Non Convertible Debenture A+ 0.00 - 1.09 1.09
equal 1.44% GOI 2023 GOI Securities SOV 0.60 - 0.90 0.83
equal Shriram City Union Finance 14/07/2032 Structured Obligation AAA 0.00 - 1.10 0.82
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 0.00 - 0.61 0.29
equal 7.48% Nat. Highways Authority 2050 Zero Coupon Bonds AAA 0.00 - 9.84 0.12
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 0.02 - 0.02 0.02

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-Jul-2020

*As on 30-Jun-2020

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:


-0.15%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 63.2146

Dividend Yearly: ₹ 22.7691

Dividend Quarterly: ₹ 17.1088


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

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 0.2% for redemption within 90 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.79%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,399 Cr (As on 31-Jul-2020)
Expense: 0.80% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Yearly12-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
Dividend 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: 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

Attaining financial independence

dateFriday, 14-Aug-2020
time12:30 PM - 01:00 PM