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Kotak Savings Fund Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.42 0.02 0.13 0.52 1.49 3.45 7.65 7.28 7.70 8.12 8.16
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 4.69
Debt: Ultra Short Duration 0.24 0.02 0.12 0.34 1.21 3.15 6.58 6.19 7.01 7.87 7.96
Rank within category 7 15 11 8 11 8 6 5 6 7 5
Number of funds in category 28 28 28 28 27 26 24 17 17 15 12

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.58 (29-Aug-2013 - 05-Sep-2013) -0.59 (09-Jul-2013 - 16-Jul-2013)
Month 1.49 (30-Aug-2013 - 01-Oct-2013) -0.39 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.19 (29-Aug-2013 - 28-Nov-2013) 0.64 (21-May-2013 - 20-Aug-2013)
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 7.07 0.51 2.65 5.53 1.33 3.53
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration 6.27 1.54 1.59 3.37 1.45 2.93
Rank within category 8 6 7 4 12 9
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 73 96 64 40
Modified Duration (yrs) 0.47 0.56 0.42 0.36
Average Maturity (yrs) 0.50 0.58 0.44 0.44
Yield to Maturity (%) 6.24 8.32 6.10 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 6.46 5.71
up HDFC 364-D 09/09/2020 Commercial Paper A1+ 0.00 - 5.22 5.22
equal SAIL 91-D 17/02/2020 Commercial Paper A1+ 0.00 - 4.40 4.40
equal Indusind Bank 27/05/2020 Certificate of Deposit A1+ 0.00 - 4.33 4.33
equal Indusind Bank 26/05/2020 Certificate of Deposit A1+ 0.00 - 4.33 4.33
equal SIDBI 23/07/2020 Certificate of Deposit AAA 0.00 - 4.50 4.29
up LIC Housing Fin. 329-D 11/09/2020 Commercial Paper A1+ 0.00 - 3.78 3.78
equal Oriental Bank of Com. 2020 Certificate of Deposit A1+ 0.00 - 3.51 3.51
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 4.50 3.43
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 3.07 3.07
equal Bahadur Chand Investments 16/01/2024 Floating Rate Debenture AA 2.16 - 3.79 2.66
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.59 2.57
equal SIDBI 24/07/2020 Debenture AAA 0.00 - 2.25 2.15
new Nabha Power 91-D 18/02/2020 Commercial Paper A1+ 0.00 - 1.98 1.98
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 0.00 - 3.12 1.82
equal Tata Motors 277-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.84 1.76
equal Bharti Telecom 90-D 26/02/2020 Commercial Paper A1+ 0.00 - 1.75 1.75
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 1.82 1.73
new Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 1.73 1.73
equal SIDBI 22/07/2020 Certificate of Deposit AAA 0.00 - 1.80 1.72
equal HDFC 364-D 05/08/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
equal 8.57% REC 20/08/2020 Non Convertible Debenture AAA 0.00 - 1.71 1.71
new Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.68 1.68
equal Shriram Transport Finance 2022 Debenture AA+ 1.24 - 2.22 1.55
equal 8.90% Aditya Birla Finance 19/03/2021 Zero Coupon Bonds AAA 0.00 - 1.43 1.33

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-Dec-2019

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:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 31.7645

Dividend Weekly: ₹ 10.2026

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Dividend Monthly: ₹ 10.4129

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: 7.76%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,279 Cr (As on 31-Dec-2019)
Expense: 0.78% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20200.0015

 23-Jan-20200.0018
 22-Jan-20200.0013
 21-Jan-20200.0011
 20-Jan-20200.0035
 17-Jan-20200.0013
 16-Jan-20200.0012
 15-Jan-20200.0003
 13-Jan-20200.0031
 10-Jan-20200.0004
 09-Jan-20200.0018
 08-Jan-20200.0024
 07-Jan-20200.0017
 06-Jan-20200.0030
 03-Jan-20200.0023
 02-Jan-20200.0020
 01-Jan-20200.0020
 31-Dec-20190.0009
 30-Dec-20190.0029
 27-Dec-20190.0015
 26-Dec-20190.0014
 24-Dec-20190.0003
 23-Dec-20190.0031
 20-Dec-20190.0007
 19-Dec-20190.0011
Dividend Weekly21-Jan-20200.0064

 14-Jan-20200.0096
 07-Jan-20200.0103
 31-Dec-20190.0061
 24-Dec-20190.0073
 17-Dec-20190.0077
 10-Dec-20190.0025
 03-Dec-20190.0096
 26-Nov-20190.0101
 19-Nov-20190.0113
 13-Nov-20190.0059
 05-Nov-20190.0101
 30-Oct-20190.0097
 23-Oct-20190.0135
 15-Oct-20190.0107
 09-Oct-20190.0154
 01-Oct-20190.0118
 24-Sep-20190.0001
 17-Sep-20190.0088
 11-Sep-20190.0084
 04-Sep-20190.0132
 27-Aug-20190.0103
 20-Aug-20190.0073
 14-Aug-20190.0165
 06-Aug-20190.0142
Dividend Monthly13-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
 14-May-20180.0293
 12-Apr-20180.0556
 12-Mar-20180.0409
 12-Feb-20180.0380
 12-Jan-20180.0269

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: 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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