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Unrated

Kotak FMP Series 252 - 1261 Days - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.11 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 7.29 -0.01 0.15 0.62 3.61 5.85 11.27 -- -- -- --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 -- -- -- --
Debt: FMP 6.13 0.00 0.13 0.60 3.26 4.89 9.55 -- -- -- --
Rank within category 95 393 238 215 224 76 75 -- -- -- --
Number of funds in category 598 609 609 609 608 601 586 32 4 0 0

As on 06-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 11.27 -- -- -- 1,263
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Direct Plan
Unrated
Jul-18 9.08 -- -- -- 1,877
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I - Direct Plan
Unrated
Feb-18 9.19 -- -- -- 1,104
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Direct Plan
Unrated
Feb-18 9.07 -- -- 0.03 1,044
Nippon India Fixed Horizon Fund XXXVI - Series 6 - Direct Plan
Unrated
Mar-18 9.48 -- -- -- 979

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.61 (24-Mar-2020 - 31-Mar-2020) -1.23 (12-Mar-2020 - 19-Mar-2020)
Month 2.79 (24-Mar-2020 - 23-Apr-2020) -1.36 (25-Feb-2020 - 26-Mar-2020)
Quarter 5.51 (26-Mar-2020 - 25-Jun-2020) 0.50 (26-Dec-2019 - 26-Mar-2020)
Year 11.99 (04-Jul-2019 - 03-Jul-2020) 8.56 (27-Mar-2019 - 26-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.03 0.29 -4.08 -7.51 -- --
Debt: FMP* 6.63 2.06 0.92 1.26 2.92 4.88
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 24 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.53% Punjab State 30/03/2022 State Development Loan SOV 13.85 - 14.94 13.85
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 11.90 - 12.01 11.98
equal HDB Financial Services 2022 Debenture AAA 11.88 - 11.99 11.97
equal 8.30% Reliance Industries 2022 Debenture AAA 10.20 - 10.96 10.22
equal LIC Housing Fin. 25/02/2022 Debenture AAA 9.47 - 9.62 9.62
equal 8.21% Haryana State 31/03/2022 State Development Loan SOV 6.91 - 7.43 6.91
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 5.65 5.65
equal 8.53% Jharkhand State 30/03/2022 State Development Loan SOV 5.19 - 5.60 5.19
equal 8.52% Uttar Pradesh State 29/03/2022 State Development Loan SOV 4.89 - 5.27 4.89
equal 8.55% Chhattisgarh State 28/03/2022 State Development Loan SOV 3.36 - 3.62 3.36
equal 8.45% REC 22/03/2022 Debenture AAA 3.08 - 3.29 3.09
equal 9.36% West Bengal State 30/03/2022 State Development Loan SOV 0.73 - 2.58 2.44
equal 8.75% Tamilnadu State 22/02/2022 State Development Loan SOV 1.69 - 1.83 1.69
equal 5.93% Orissa State 2022 State Development Loan SOV 0.00 - 1.65 1.62
equal 8.49% Punjab State 31/03/2022 State Development Loan SOV 1.51 - 1.63 1.51
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 1.05 1.00
equal 8.69% LIC Housing Fin. 19/04/2022 Zero Coupon Bonds AAA 0.87 - 0.94 0.87
equal 8.53% Bihar State 30/03/2022 State Development Loan SOV 0.84 - 0.91 0.84
equal 8.97% Andhra Pradesh State 2022 State Development Loan SOV 0.42 - 0.46 0.42
equal 8.66% Maharashtra State 25/01/2022 State Development Loan SOV 0.42 - 0.46 0.42
equal 8.53% Jammu & Kashmir State 30/03/2022 State Development Loan SOV 0.25 - 0.27 0.25
equal 8.21% Rajasthan State 31/03/2022 State Development Loan SOV 0.23 - 0.25 0.23
equal 8.92% Karnataka State 2022 State Development Loan SOV 0.22 - 0.24 0.22
equal 8.61% Uttar Pradesh State 21/03/2022 State Development Loan SOV 0.17 - 0.18 0.17

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-Jun-2020

Fund Manager

— Deepak Agrawal since 20-Nov-2018

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:


-0.01%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 12.0832


Investment Strategy

The scheme seeks to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk.

Tenure (Days) 1261
Maturity date 14-May-2022

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 30-Nov-2018
Return Since Launch: 11.89%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Closed-end

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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