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Kotak Savings Fund Regular Plan

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 is negligible but they do not guarantee returns or safety of capital.

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 a year in a Liquid fund.

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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(₹)
cal
cal

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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 4.78 0.02 0.09 0.29 1.05 3.27 6.46 7.13 7.35 7.92 8.24
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Ultra Short Duration 4.15 0.02 0.09 0.28 0.97 2.74 5.73 6.03 6.59 7.31 7.98
Rank within category 6 14 12 13 9 4 5 4 5 4 4
Number of funds in category 26 27 27 27 27 27 24 15 15 14 12

As on 01-Oct-2020

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 6.46 7.13 7.35 0.77 11,176
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 7.47 7.71 8.02 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 6.56 7.43 7.37 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 6.78 -- -- 0.64 11,891
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
 May-11 7.28 7.42 7.93 0.97 6,940

Best & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.92 0.60 3.11 6.92 1.05 3.08
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration 6.01 1.57 1.68 3.32 1.07 2.18
Rank within category 5 5 2 2 9 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 79 62 37
Modified Duration (yrs) 0.45 0.56 0.42 0.34
Average Maturity (yrs) 0.48 0.58 0.45 0.42
Yield to Maturity (%) 4.01 6.77 4.01 4.50
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 8.12% GOI 2020 Central Government Loan SOV 0.00 - 12.82 12.82
up 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 11.82 11.82
up 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 4.92 4.92
equal Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 5.36 4.44
up 6.22% HDFC 2021 Debenture AAA 0.00 - 4.10 4.10
up Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.94 3.94
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 4.23 3.76
equal National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 3.88 3.47
equal Kotak Mahindra Prime 23/12/2020 Debenture AAA 0.00 - 4.00 3.32
equal Bajaj Housing Finance 31/12/2020 Zero Coupon Bonds AAA 0.00 - 3.76 3.12
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 3.22 2.86
new Reserve Bank of India 364-D 10/09/2020 Treasury Bills SOV 0.00 - 2.68 2.68
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.59 2.59
equal Punjab National Bank 2021 Certificate of Deposit A1+ 0.00 - 2.66 2.20
equal Reliance Retail Ltd. 28/03/2021 Securitised Debt AAA 0.00 - 2.34 1.95
new 5.20% Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 1.79 1.79
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.97 1.76
equal 8.70% Reliance Industries 15/06/2021 Debenture AAA 0.00 - 1.81 1.48
new Reserve Bank of India 182-D 03/12/2020 Treasury Bills SOV 0.00 - 1.46 1.46
equal 8.90% Aditya Birla Finance 19/03/2021 Zero Coupon Bonds AAA 1.15 - 1.68 1.37
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.60 1.32
equal Reliance Retail Ltd. 28/12/2020 Securitised Debt AAA 0.00 - 1.43 1.28
up 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 1.17 1.17
new Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 1.13 1.13
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.41 - 1.25 1.04

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-Aug-2020

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
0.02%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 33.1422

Dividend Weekly: ₹ 10.4283

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Dividend Monthly: ₹ 10.5759

Dividend 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
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 13-Aug-2004
Return Since Launch: 7.70%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,176 Cr (As on 31-Aug-2020)
Expense: 0.77% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0032

 29-Sep-20200.0000
 28-Sep-20200.0029
 25-Sep-20200.0014
 24-Sep-20200.0007
 23-Sep-20200.0006
 22-Sep-20200.0019
 21-Sep-20200.0028
 18-Sep-20200.0016
 17-Sep-20200.0015
 16-Sep-20200.0017
 14-Sep-20200.0027
 07-Sep-20200.0022
 04-Sep-20200.0021
 03-Sep-20200.0004
 02-Sep-20200.0015
 01-Sep-20200.0044
 31-Aug-20200.0046
 28-Aug-20200.0002
 27-Aug-20200.0008
 20-Aug-20200.0021
 19-Aug-20200.0017
 18-Aug-20200.0018
 17-Aug-20200.0036
 13-Aug-20200.0021
Dividend Weekly22-Sep-20200.0053

 15-Sep-20200.0030
 08-Sep-20200.0108
 01-Sep-20200.0065
 25-Aug-20200.0052
 18-Aug-20200.0079
 11-Aug-20200.0078
 04-Aug-20200.0002
 28-Apr-20200.0154
 21-Apr-20200.0215
 08-Apr-20200.0196
 31-Mar-20200.0208
 11-Mar-20200.0079
 03-Mar-20200.0060
 25-Feb-20200.0059
 18-Feb-20200.0077
 11-Feb-20200.0129
 04-Feb-20200.0072
 28-Jan-20200.0092
 21-Jan-20200.0064
 14-Jan-20200.0096
 07-Jan-20200.0103
 31-Dec-20190.0061
 24-Dec-20190.0073
 17-Dec-20190.0077
Dividend Monthly12-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
 12-Dec-20180.0122
 12-Nov-20180.0346
 12-Sep-20180.0303
 13-Aug-20180.0471
 12-Jul-20180.0524
 12-Jun-20180.0385

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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