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4 star

Kotak Savings Fund Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 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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(₹)
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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 2.98 0.03 0.06 0.31 0.68 1.63 3.18 5.72 6.19 6.84 7.59
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 3.20 3.53 3.98 4.47
Debt: Ultra Short Duration 3.26 0.02 0.06 0.31 0.83 1.86 3.48 5.29 5.51 6.28 7.41
Rank within category 16 2 14 15 18 16 17 7 5 5 5
Number of funds in category 27 28 28 28 28 28 27 20 14 14 12

As on 06-Dec-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 3.18 5.72 6.19 0.77% 11,873
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 3.93 6.57 6.77 0.48% 16,758
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.55 6.02 -- 0.64% 16,432
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 4.00 6.42 6.61 0.91% 11,143
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.37 5.84 6.38 0.49% 10,515

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 3.17 01-Dec-2020 - 01-Dec-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.63 0.75 2.48 6.32 1.44 2.73
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.22 1.35 1.71 4.14 1.06 2.08
Rank within category 7 10 6 5 16 7
Number of funds in category 20 20 20 20 20 20

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 72 72 52 44
Modified Duration (yrs) 0.35 0.49 0.33 --
Average Maturity (yrs) 0.53 0.56 0.35 --
Yield to Maturity (%) 4.13 4.13 3.56 --
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
new Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 8.33 8.33
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 6.28 6.28
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 8.40 6.16
new Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 5.88 5.88
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 4.84 4.84
down 6.51% GOI 2024 GOI Securities SOV 0.00 - 4.86 3.72
down Export-Import Bank 212-D 17/03/2022 Certificate of Deposit A1+ 0.00 - 4.65 3.54
new Reserve Bank of India 364-D 17/03/2022 Treasury Bills SOV 0.00 - 3.38 3.38
equal HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 2.45 2.45
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 2.37 2.11
new Reliance Industries 91-D 11/02/2022 Commercial Paper A1+ 0.00 - 2.09 2.09
up Shriram Transport Finance Company 16/06/2023 Non Convertible Debenture AA+ 0.00 - 2.07 2.07
equal 7.15% Muthoot Finance 25/11/2022 Zero Coupon Bonds AA+ 0.00 - 1.93 1.71
equal 5.20% Bajaj Finance 2022 Zero Coupon Bonds AAA 1.42 - 1.91 1.69
new SAIL 35-D 29/12/2021 Commercial Paper A1+ 0.00 - 1.68 1.68
equal Reliance Jio Infocomm 240-D 17/06/2022 Commercial Paper A1+ 0.00 - 1.65 1.65
up 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 1.61 1.61
equal LIC Housing Fin. 295-D 20/05/2022 Commercial Paper A1+ 0.00 - 1.45 1.45
new REC 31/10/2024 Non Convertible Debenture AAA 0.00 - 1.35 1.35
equal 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 1.46 1.29
new JSW Steel 30-D 30/12/2021 Commercial Paper A1+ 0.00 - 1.26 1.26
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.24 1.24
equal Sikka Ports and Terminals 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 1.23 1.23
equal Bajaj Housing Finance 365-D 20/07/2022 Commercial Paper A1+ 0.00 - 1.23 1.23
up HDFC 30/09/2024 Debenture AAA 0.00 - 1.05 1.05

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-Nov-2021

*As on 31-Oct-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:


0.03%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 34.4755

IDCW Monthly: ₹ 10.7336


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: 7.40%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 11,873 Cr (As on 30-Nov-2021)
Expense: 0.77% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly12-Nov-20210.0266

 12-Oct-20210.0210
 13-Sep-20210.0311
 12-Aug-20210.0348
 12-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
IDCW Daily17-Sep-20210.0006

 16-Sep-20210.0006
 15-Sep-20210.0010
 14-Sep-20210.0004
 13-Sep-20210.0023
 09-Sep-20210.0004
 08-Sep-20210.0006
 07-Sep-20210.0009
 06-Sep-20210.0017
 03-Sep-20210.0006
 02-Sep-20210.0013
 01-Sep-20210.0025
 31-Aug-20210.0012
 30-Aug-20210.0028
 27-Aug-20210.0008
 26-Aug-20210.0002
 25-Aug-20210.0009
 24-Aug-20210.0007
 23-Aug-20210.0027
 20-Aug-20210.0021
 18-Aug-20210.0019
 17-Aug-20210.0040
 13-Aug-20210.0016
 12-Aug-20210.0016
 11-Aug-20210.0012
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: https://www.kotakmf.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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