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5 star

Kotak Corporate Bond Fund - Standard Plan - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 8.56 0.01 0.22 1.19 1.72 5.85 10.02 9.02 8.82 9.17 --
VR Bond 6.21 0.07 0.17 0.66 0.48 3.14 7.30 6.84 7.09 7.76 --
Debt: Corporate Bond 8.99 0.02 0.21 1.30 1.60 5.77 10.59 7.99 8.25 9.05 --
Rank within category 16 13 8 17 6 15 16 5 7 6 --
Number of funds in category 20 21 21 20 20 20 20 15 13 10 0

As on 21-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 10.02 9.02 8.82 0.32 5,171
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.91 9.24 9.12 0.29 20,645
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.92 9.16 9.19 0.30 20,526
IDFC Corporate Bond Fund - Direct Plan
4 star
Jan-16 11.53 8.63 -- 0.27 18,236
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.11 8.88 8.88 0.28 15,201

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.10 (24-Mar-2020 - 31-Mar-2020) -1.86 (15-Jul-2013 - 22-Jul-2013)
Month 3.26 (14-Nov-2014 - 15-Dec-2014) -2.38 (24-Jun-2013 - 24-Jul-2013)
Quarter 6.53 (17-Oct-2014 - 16-Jan-2015) -2.43 (20-May-2013 - 19-Aug-2013)
Year 15.00 (08-Aug-2014 - 10-Aug-2015) 2.30 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.48 1.34 2.54 6.04 0.36 2.90
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Corporate Bond 7.52 2.89 1.25 2.39 0.59 1.59
Rank within category 5 1 1 1 5 2
Number of funds in category 15 15 15 15 15 15

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 67 83 60 75
Modified Duration (yrs) 1.83 1.93 1.24 2.45
Average Maturity (yrs) 2.27 2.27 1.40 3.09
Yield to Maturity (%) 5.36 6.82 5.04 5.35
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
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 6.82 6.82
equal 7.41% Nabha Power 20/04/2022 Debenture AAA 0.00 - 5.52 4.50
up 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.52 - 3.70 3.70
down 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 5.18 3.13
equal 8.08% GOI 2022 Central Government Loan SOV 0.00 - 3.09 3.09
equal 7.52% Tamilnadu State 24/05/2027 State Development Loan SOV 0.00 - 3.06 3.05
equal 5.90% Grasim Industries 16/06/2023 Zero Coupon Bonds AAA 0.00 - 2.94 2.94
up 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 2.90 2.90
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.46 2.70
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 1.91 - 3.32 2.45
equal HDB Financial Services 29/10/2021 Bonds/NCDs AAA 0.00 - 2.41 2.41
new 7.33% IRFC 27/08/2027 Debenture AAA 0.00 - 2.12 2.12
equal 8.65% Kerala State 2023 State Development Loan SOV 0.00 - 2.36 2.08
equal 7.59% Gujarat State 15/02/2027 State Development Loan SOV 0.00 - 2.05 2.04
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 1.59 - 3.00 2.02
equal 7.20% Nabha Power 28/04/2023 Zero Coupon Bonds AAA 0.00 - 2.01 2.01
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 2.20 1.97
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.53 - 2.87 1.95
new 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 1.94 1.94
new 5.11% HDB Financial Services 26/07/2022 Zero Coupon Bonds AAA 0.00 - 1.93 1.93
new 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 1.93 1.93
new Reserve Bank of India 182-D 24/12/2020 Treasury Bills SOV 0.00 - 1.92 1.92
new 5.50% Kotak Mahindra Prime 18/08/2023 Floating Rate Debenture AAA 0.00 - 1.92 1.92
equal REC 13/12/2022 Debenture AAA 0.00 - 1.98 1.91
down 7.15% HDFC 16/09/2021 Debenture AAA 1.46 - 5.44 1.88

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 30-Sep-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:


0.01%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 2,938.7340

Dividend Monthly: ₹ 1,099.6115


Investment Strategy

The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate 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: 9.09%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,171 Cr (As on 30-Sep-2020)
Expense: 0.32% (As on 30-Sep-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-Oct-202010.4262

 14-Sep-20202.6928
 12-Aug-20203.3027
 13-Jul-202022.8974
 12-Jun-202014.4853
 12-May-202014.3869
 13-Apr-20202.0697
 12-Mar-20203.3027
 12-Feb-20208.4218
 13-Jan-20205.7427
 12-Dec-20192.9534
 13-Nov-20197.3962
 15-Oct-20194.8616
 14-Oct-20194.8616
 12-Sep-20196.4430
 13-Aug-20198.5531
 12-Jul-20197.5035
 12-Jun-20198.7785
 13-May-20193.7233
 12-Apr-20197.3705
 12-Mar-20195.8942
 12-Feb-20194.9247
 14-Jan-20198.6530
 12-Dec-20187.1463
 12-Nov-20185.3960
Dividend Quarterly26-Dec-201426.9801

 25-Sep-201416.7185
 25-Jun-201416.7669
 25-Mar-201410.4826
 26-Dec-20133.9583
 25-Jun-201325.2468
 25-Mar-201319.9981
Dividend Weekly27-May-20131.6769

 20-May-20133.6717
 13-May-20135.0390
 06-May-20133.0415
 29-Apr-20132.2167
 22-Apr-20133.0476
 15-Apr-20132.6301
 08-Apr-20130.8336
 02-Apr-20133.4250
 25-Mar-20130.9925
 18-Mar-20131.4501
 11-Mar-20131.8436
 04-Mar-20132.3579
 25-Feb-20132.3680
 18-Feb-20132.3485
 11-Feb-20132.3092
 04-Feb-20132.3014
 28-Jan-20131.9680
 21-Jan-20131.2986
 14-Jan-20130.5310
Dividend Daily25-Mar-20130.5985

 22-Mar-20130.3010
 21-Mar-20130.3010
 20-Mar-20130.0033
 19-Mar-20130.0875
 18-Mar-20130.5443
 15-Mar-20130.4014
 14-Mar-20130.5029
 11-Mar-20130.3901
 08-Mar-20130.5387
 07-Mar-20130.2563
 06-Mar-20130.1553
 05-Mar-20130.4997
 04-Mar-20130.6509
 01-Mar-20130.5429
 28-Feb-20130.4365
 27-Feb-20130.3745
 26-Feb-20130.3496
 25-Feb-20131.0311
 22-Feb-20130.3266
 21-Feb-20130.3414
 20-Feb-20130.6652
 18-Feb-20131.0160
 15-Feb-20130.3422
 14-Feb-20130.3362

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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