1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. 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.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.07 | 0.00 | 0.02 | 0.17 | 0.73 | 1.78 | 5.52 | 6.93 | 7.12 | 7.63 | 8.12 |
CCIL T Bill Liquidity Weight | 0.09 | 0.03 | 0.04 | 0.15 | 0.50 | 1.08 | 3.01 | 3.80 | 4.01 | 4.43 | 4.70 |
Debt: Ultra Short Duration | 0.10 | 0.00 | 0.03 | 0.19 | 0.74 | 1.79 | 4.89 | 5.81 | 6.36 | 7.05 | 7.86 |
Rank within category | 23 | 27 | 26 | 22 | 13 | 12 | 6 | 4 | 5 | 4 | 4 |
Number of funds in category | 28 | 28 | 28 | 28 | 28 | 27 | 26 | 15 | 15 | 14 | 12 |
As on 22-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Kotak Savings Fund Regular Plan | Invest Online | Aug-04 | 5.52 | 6.93 | 7.12 | 0.76 | 12,428 | |
Aditya Birla Sun Life Savings Fund | Invest Online | Nov-01 | 6.64 | 7.59 | 7.82 | 0.48 | 16,540 | |
SBI Magnum Ultra Short Duration Fund | Invest Online | May-99 | 5.58 | 7.14 | 7.12 | 0.49 | 14,272 | |
HDFC Ultra Short Term Fund - Regular Plan | Invest Online | Sep-18 | 6.18 | -- | -- | 0.64 | 14,228 | |
ICICI Prudential Ultra Short Term Fund | Invest Now | May-11 | 6.17 | 7.37 | 7.77 | 0.97 | 8,558 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 1.21 (24-Mar-2020 - 31-Mar-2020) | -0.74 (17-Mar-2020 - 24-Mar-2020) |
Month | 1.84 (24-Mar-2020 - 23-Apr-2020) | -0.56 (25-Feb-2020 - 26-Mar-2020) |
Quarter | 3.28 (24-Mar-2020 - 24-Jun-2020) | 0.34 (24-Dec-2019 - 24-Mar-2020) |
Year | 10.45 (20-Aug-2013 - 20-Aug-2014) | 5.00 (04-Jun-2009 - 04-Jun-2010) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 6.82 | 0.62 | 3.29 | 7.02 | 1.20 | 3.22 |
CCIL T Bill Liquidity Weight | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Ultra Short Duration | 5.88 | 1.60 | 1.75 | 3.34 | 1.14 | 2.23 |
Rank within category | 5 | 4 | 4 | 3 | 8 | 5 |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 68 | 79 | 60 | 39 |
Modified Duration (yrs) | 0.46 | 0.50 | 0.42 | 0.36 |
Average Maturity (yrs) | 0.48 | 0.53 | 0.44 | 0.39 |
Yield to Maturity (%) | 3.68 | 6.41 | 3.56 | 4.03 |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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Reserve Bank of India 182-D 03/06/2021 | Treasury Bills | SOV | 0.00 - 12.66 | 12.66 |
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7.94% GOI 24/05/2021 | Central Government Loan | SOV | 0.00 - 4.61 | 4.61 |
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8.25% Bharti Telecom 17/03/2021 | Debenture | AA+ | 0.00 - 4.96 | 4.38 |
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Reserve Bank of India 364-D 29/04/2021 | Treasury Bills | SOV | 0.00 - 8.74 | 4.38 |
|
National Bank Agr. Rur. Devp 28/05/2021 | Commercial Paper | A1+ | 0.00 - 3.97 | 3.97 |
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6.22% HDFC 2021 | Debenture | AAA | 0.00 - 5.47 | 3.89 |
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Hindustan Zinc 315-D 26/03/2021 | Commercial Paper | A1+ | 0.00 - 3.99 | 3.59 |
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National Bank Agr. Rur. Devp 17/06/2021 | Certificate of Deposit | A1+ | 0.00 - 3.88 | 3.17 |
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LIC Housing Fin. 25/10/2021 | Commercial Paper | A1+ | 0.00 - 3.12 | 3.12 |
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7.80% GOI 2021 | Central Government Loan | SOV | 0.00 - 6.79 | 2.85 |
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Power Finance Corp. 358-D 30/07/2021 | Commercial Paper | A1+ | 0.00 - 2.62 | 2.37 |
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HDFC 21/10/2021 | Commercial Paper | A1+ | 0.00 - 2.34 | 2.34 |
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7.15% HDFC 16/09/2021 | Debenture | AAA | 0.00 - 2.26 | 2.26 |
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Axis Bank 21/12/2021 | Floating Rate Debenture | AAA | 0.00 - 2.02 | 2.02 |
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Reliance Retail Ltd. 28/03/2021 | Securitised Debt | AAA | 1.10 - 2.34 | 1.78 |
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6.60% REC 21/03/2022 | Debenture | AAA | 0.00 - 4.23 | 1.70 |
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7.15% Muthoot Finance 25/11/2022 | Zero Coupon Bonds | AA | 0.00 - 1.81 | 1.63 |
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5.20% Bajaj Finance 2022 | Zero Coupon Bonds | AAA | 0.00 - 1.80 | 1.62 |
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Reserve Bank of India 182-D 18/03/2021 | Treasury Bills | SOV | 0.00 - 3.65 | 1.60 |
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National Bank Agr. Rur. Devp 176-D 01/06/2021 | Commercial Paper | A1+ | 0.00 - 1.59 | 1.59 |
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Reserve Bank of India 364-D 13/05/2021 | Treasury Bills | SOV | 0.00 - 1.59 | 1.59 |
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Cholamandalam Invest. & Fin. 25/06/2021 | Commercial Paper | A1+ | 0.00 - 1.58 | 1.58 |
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Bharti Airtel 273-D 03/09/2021 | Commercial Paper | A1+ | 0.00 - 1.57 | 1.57 |
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8.90% Bharti Telecom 17/02/2022 | Non Convertible Debenture | AA+ | 0.00 - 1.42 | 1.26 |
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8.90% Aditya Birla Finance 19/03/2021 | Zero Coupon Bonds | AAA | 1.12 - 1.68 | 1.22 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Deepak Agrawal since 15-Apr-2008
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:
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The scheme seeks to generate returns through investment in debt and money market instruments with a view to reduce the interest rate risk.
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 |
Fund House: | Kotak Mahindra Mutual Fund |
Launch Date: | 13-Aug-2004 |
Return Since Launch: | 7.62% |
Benchmark: | NIFTY Ultra Short Duration Debt |
Riskometer: | Low to Moderate |
Type: | Open-ended |
Assets: | ₹ 12,428 Cr (As on 31-Dec-2020) |
Expense: | 0.76% (As on 31-Dec-2020) |
Risk Grade: | Below Average |
Return Grade: | Above Average |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Daily | 08-Jan-2021 | 0.0015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 02-Dec-2020 | 0.0076 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 12-Jun-2020 | 0.0694 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fund News - 01-May-2018
House Voice - 13-Dec-2012
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