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4 star

Kotak Savings Fund Regular Plan

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

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

  • 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 1.87 0.01 0.07 0.35 0.85 1.76 3.58 6.29 6.58 7.19 7.83
CCIL T Bill Liquidity Weight 1.13 -0.01 0.04 0.19 0.55 1.05 2.12 3.49 3.73 4.17 4.59
Debt: Ultra Short Duration 2.00 0.01 0.07 0.42 0.95 1.86 3.70 5.47 5.83 6.56 7.61
Rank within category 17 7 10 8 11 14 14 6 5 4 4
Number of funds in category 27 28 28 28 27 27 26 18 14 14 12

As on 27-Jul-2021

Peer Comparison

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
4 star
 Aug-04 3.58 6.29 6.58 0.77 10,545
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 4.64 7.12 7.24 0.51 18,789
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 4.07 -- -- 0.64 16,034
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 3.69 6.45 6.65 0.49 12,142
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
 May-11 4.77 6.94 7.18 0.97 10,338

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.54 13-Jul-2020 - 13-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.21 0.72 2.76 5.51 1.39 3.04
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Ultra Short Duration 5.35 1.64 1.59 3.10 1.15 2.00
Rank within category 5 6 5 4 13 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 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 70 52 40
Modified Duration (yrs) 0.49 0.49 0.33 0.39
Average Maturity (yrs) 0.54 0.54 0.35 0.43
Yield to Maturity (%) 3.96 4.10 3.56 4.11
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 22.80 22.80
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 8.40 8.40
up 6.22% HDFC 2021 Debenture AAA 3.58 - 5.47 4.98
new Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 4.66 4.66
new Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 4.20 4.20
equal LIC Housing Fin. 25/10/2021 Commercial Paper A1+ 0.00 - 3.75 3.75
down 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 3.41 3.33
equal 8.11% Chhattisgarh State 31/10/2021 State Development Loan SOV 0.00 - 2.40 2.40
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 2.37 2.37
equal Indusind Bank 15/11/2021 Certificate of Deposit A1+ 0.00 - 2.34 2.34
down Reliance Jio Infocomm 91-D 15/07/2021 Commercial Paper A1+ 0.00 - 2.13 2.13
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.53 - 1.95 1.95
equal 7.15% Muthoot Finance 25/11/2022 Zero Coupon Bonds AA+ 0.00 - 1.93 1.93
equal 6.93% Cholamandalam Investment & Finance Company 17/12/2021 Debenture AA+ 0.00 - 1.92 1.92
equal 5.20% Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 1.91 1.91
equal Tata Motors 157-D 30/09/2021 Commercial Paper A1+ 0.00 - 1.88 1.88
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 1.88 1.88
equal Indusind Bank 30/09/2021 Certificate of Deposit A1+ 0.00 - 1.64 1.64
equal Sundaram Finance 338-D 15/12/2021 Commercial Paper A1+ 0.00 - 1.63 1.63
new 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 1.46 1.46
equal Muthoot Finance 181-D 20/09/2021 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 1.26 1.26
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 0.97 0.97
equal 5.99% Sundaram Home Finance 24/06/2022 Zero Coupon Bonds AA+ 0.00 - 0.96 0.96
down 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 8.43 0.95

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-Jun-2021

Fund Manager

— 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:

Invest Online
0.01%

Change from previous, NAV as on 27-Jul-2021

Growth: ₹ 34.1049

IDCW Weekly: ₹ 10.5512

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IDCW Monthly: ₹ 10.7311

IDCW Daily: ₹ 10.0798

Investment Strategy

The scheme seeks to generate returns through investment in debt and money market instruments with a view to reduce the interest rate risk.

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: 13-Aug-2004
Return Since Launch: 7.50%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 10,545 Cr (As on 30-Jun-2021)
Expense: 0.77% (As on 30-Jun-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily27-Jul-20210.0013

 26-Jul-20210.0024
 23-Jul-20210.0018
 22-Jul-20210.0019
 20-Jul-20210.0018
 19-Jul-20210.0022
 16-Jul-20210.0018
 15-Jul-20210.0017
 14-Jul-20210.0013
 13-Jul-20210.0014
 12-Jul-20210.0031
 09-Jul-20210.0010
 08-Jul-20210.0016
 07-Jul-20210.0016
 06-Jul-20210.0010
 05-Jul-20210.0029
 02-Jul-20210.0009
 01-Jul-20210.0023
 30-Jun-20210.0012
 29-Jun-20210.0006
 28-Jun-20210.0018
 25-Jun-20210.0007
 24-Jun-20210.0015
 23-Jun-20210.0007
 22-Jun-20210.0007
IDCW Monthly12-Jul-20210.0260

 14-Jun-20210.0333
 12-May-20210.0313
 12-Apr-20210.0374
 12-Mar-20210.0221
 12-Feb-20210.0004
 12-Jun-20200.0694
 12-May-20200.0790
 13-Apr-20200.0479
 12-Mar-20200.0224
 12-Feb-20200.0386
 13-Jan-20200.0384
 12-Dec-20190.0347
 13-Nov-20190.0431
 15-Oct-20190.0447
 14-Oct-20190.0447
 12-Sep-20190.0432
 13-Aug-20190.0583
 12-Jul-20190.0504
 12-Jun-20190.0570
 13-May-20190.0376
 12-Apr-20190.0586
 12-Mar-20190.0449
 12-Feb-20190.0461
 14-Jan-20190.0315
IDCW Weekly15-Jun-20210.0088

 08-Jun-20210.0091
 01-Jun-20210.0031
 25-May-20210.0073
 18-May-20210.0063
 11-May-20210.0040
 04-May-20210.0077
 27-Apr-20210.0091
 20-Apr-20210.0078
 15-Apr-20210.0043
 06-Apr-20210.0076
 31-Mar-20210.0142
 23-Mar-20210.0099
 16-Mar-20210.0045
 09-Mar-20210.0046
 02-Mar-20210.0060
 23-Feb-20210.0099
 16-Feb-20210.0034
 09-Feb-20210.0043
 02-Dec-20200.0076
 24-Nov-20200.0039
 18-Nov-20200.0085
 10-Nov-20200.0079
 03-Nov-20200.0054
 27-Oct-20200.0069

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

Last Session

Investors' Hangout

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DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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