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Kotak Medium Term Fund - Direct Plan

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than 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.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 4.64 -0.01 -0.06 0.80 4.93 2.23 8.58 6.88 8.56 -- --
VR Bond 5.91 -0.04 0.09 0.63 2.15 4.62 7.13 6.93 7.49 -- --
Debt: Medium Duration 4.14 -0.04 -0.05 0.53 3.75 2.48 6.26 6.38 7.74 -- --
Rank within category 13 5 10 5 2 15 9 8 6 -- --
Number of funds in category 16 18 18 17 17 17 16 14 13 9 0

As on 07-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Medium Term Fund - Direct Plan  | Invest Online
3 star
 Mar-14 8.58 6.88 8.56 0.87 1,410
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
4 star
 Jan-13 10.97 7.87 8.89 0.98 4,864
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
 Jan-13 12.08 9.41 10.26 0.78 3,384
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
 Jan-13 10.86 8.70 9.03 0.75 3,145
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 9.27 8.04 8.77 0.49 1,051

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.13 (24-Mar-2020 - 31-Mar-2020) -2.66 (22-Apr-2020 - 29-Apr-2020)
Month 3.33 (29-Apr-2020 - 29-May-2020) -4.29 (25-Feb-2020 - 26-Mar-2020)
Quarter 6.42 (29-Apr-2020 - 29-Jul-2020) -2.98 (29-Jan-2020 - 29-Apr-2020)
Year 14.19 (24-Nov-2015 - 24-Nov-2016) 3.22 (30-Apr-2019 - 29-Apr-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.87 3.78 0.43 0.48 0.52 0.82
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Medium Duration 5.53 4.48 0.50 1.05 0.56 -0.58
Rank within category 8 10 8 9 6 7
Number of funds in category 15 15 15 15 15 15

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 48 81 45 36
Modified Duration (yrs) 3.34 3.34 2.34 --
Average Maturity (yrs) 4.59 4.61 3.20 --
Yield to Maturity (%) 9.13 10.51 8.55 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.90% Punjab & Sind Bank 31/12/2099 Bonds A- 0.00 - 10.86 10.86
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 6.29 - 9.70 9.63
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 2.87 - 9.60 9.60
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 4.11 - 6.54 5.43
down ONGC Petro Additions 2025 Non Convertible Debenture AAA 0.00 - 6.86 5.30
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 2.02 - 5.02 5.02
down 9.15% Punjab National Bank Bonds A 4.82 - 8.71 4.82
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 2.78 - 5.76 3.76
equal Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 3.54 3.54
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 1.24 - 3.16 3.16
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 4.34 3.04
down 9.23% Talwandi Sabo Power 30/07/2021 Debenture AA 1.18 - 2.84 2.84
equal 9.75% Uttar Pradesh Power Corporation 20/10/2022 Debenture A+ 1.37 - 2.71 2.71
down 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 1.92 - 4.29 2.26
new 6.97% Maharashtra State 18/02/2028 State Development Loan SOV 0.00 - 2.21 2.21
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 3.01 2.04
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.00 - 7.10 1.92
new 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 3.01 1.87
new 7.55% REC 2030 Debenture AAA 0.00 - 1.85 1.85
down 6.57% National Bank Agr. Rur. Devp 2027 Debenture AAA 0.00 - 3.56 1.83
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 1.77 1.77
new 6.44% Maharashtra State 2029 State Development Loan SOV 0.00 - 1.45 1.45
equal 7.50% PNB Housing Finance 15/09/2020 Debenture AA 0.00 - 1.42 1.42
equal 1.44% GOI 2023 GOI Securities SOV 0.47 - 1.24 1.23
equal 8.55% Talwandi Sabo Power 23/04/2021 Debenture AA 0.38 - 0.96 0.96

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-Jul-2020

*As on 30-Jun-2020

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
-0.01%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 17.6221

Dividend Yearly: ₹ 17.6218

Dividend Quarterly: ₹ 10.8336

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 9% 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
Return Since Launch: 9.28%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,410 Cr (As on 31-Jul-2020)
Expense: 0.87% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly22-Jun-20200.2370

 20-Mar-20200.1270
 20-Dec-20190.1953
 20-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: 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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