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Kotak Medium Term Fund - Direct Plan

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.21 0.34 2.21 7.79 6.98 8.73 --
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 --
Debt: Medium Duration 4.25 -0.36 0.61 4.81 6.06 7.42 --
Rank within category 7 5 2 8 8 1 --
Number of funds in category 16 17 17 16 15 12 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.13 (11-Jul-2016 - 10-Aug-2016) -1.67 (31-May-2019 - 01-Jul-2019)
Quarter 4.96 (07-Jul-2016 - 06-Oct-2016) -0.34 (02-Apr-2019 - 02-Jul-2019)
Year 14.19 (24-Nov-2015 - 24-Nov-2016) 4.21 (01-Nov-2017 - 01-Nov-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.84 2.40 0.44 0.55 0.52 1.13
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Medium Duration 5.75 3.20 0.26 0.62 0.61 0.06
Rank within category 8 7 7 8 5 8
Number of funds in category 16 16 16 16 16 16

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 76 94 76 49
Modified Duration (yrs) 3.14 3.14 2.15 3.04
Average Maturity (yrs) 4.36 4.42 3.20 4.24
Yield to Maturity (%) 9.14 10.36 9.14 9.35

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.97% Uttar Pradesh Power Corporation 15/02/2022 Bonds AA 5.47 - 7.02 7.02
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.60 - 6.80 6.80
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 5.05 - 6.44 6.44
equal 9.15% Punjab National Bank Bonds A 0.00 - 5.99 5.99
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 3.80 - 5.78 5.78
equal 10.90% Punjab & Sind Bank 31/12/2099 Bonds A+ 4.21 - 5.21 4.71
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 4.71 4.71
new 10.50% Aasan Corporate Solutions 22/01/2020 Zero Coupon Bonds A- 0.00 - 3.42 3.42
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 2.40 - 3.16 3.16
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 2.97 2.97
equal 9.50% Union Bank of India 31/12/2048 Bonds AA- 1.78 - 2.30 2.30
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 2.29 2.29
equal Piramal Enterprises 98-D 10/12/2019 Commercial Paper A1+ 0.00 - 2.23 2.23
equal 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 1.74 - 2.08 2.08
equal 7.75% Bank of Baroda 2034 Debenture AAA 0.00 - 1.80 1.80
equal 8.48% Uttar Pradesh Power Corporation 15/03/2022 Structured Obligation AA 1.26 - 1.63 1.63
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 1.49 1.49
equal 9.75% Uttar Pradesh Power Corporation 20/10/2022 Debenture A+ 1.17 - 1.47 1.47
new Bharti Telecom 90-D 26/02/2020 Commercial Paper A1+ 0.00 - 1.47 1.47
down 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 1.51 1.38
equal 9.08% Union Bank of India 31/12/2099 Bonds AA 1.01 - 1.35 1.35
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 1.05 - 1.34 1.34
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 1.06 - 1.34 1.34
equal 8.95% Punjab National Bank Bonds A 0.00 - 1.33 1.33
equal 9.80% ECL Finance 31/12/2019 Debenture AA- 0.00 - 1.33 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 30-Nov-2019

Fund Manager

— Deepak Agrawal since 28-Feb-2014

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
-0.04%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 16.7352

Dividend Yearly: ₹ 16.7756

Dividend Quarterly: ₹ 10.9640

Investment Strategy

The scheme seeks to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

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 For units in excess of 15% of the investment,2% will be charged for redemption within 540 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 21-Mar-2014
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,358 Cr (As on 30-Nov-2019)
Expense: 0.94% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly20-Sep-20190.1735

 20-Jun-20190.0136
 20-Mar-20190.1387
 20-Dec-20180.1541
 21-Sep-20180.1104
 20-Jun-20180.0208
 20-Mar-20180.0813
 20-Dec-20170.0956
 20-Sep-20170.1357
 20-Jun-20170.2291
 20-Mar-20170.0662
 20-Dec-20160.1646
 20-Sep-20160.2652
 20-Jun-20160.1766
 21-Mar-20160.1577
 21-Dec-20150.1995
 21-Sep-20150.1541
 22-Jun-20150.1486
 20-Mar-20150.1551
 22-Dec-20140.2860
 22-Sep-20140.1560
 20-Jun-20140.1528

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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