1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | -0.28 | -0.06 | -0.12 | -0.08 | 1.37 | 3.07 | 10.55 | -- | -- | -- | -- |
CCIL T Bill Liquidity Weight | 0.09 | 0.03 | 0.04 | 0.15 | 0.50 | 1.08 | 3.01 | -- | -- | -- | -- |
Debt: Floater | -0.01 | -0.02 | -0.03 | 0.20 | 1.26 | 2.88 | 8.49 | -- | -- | -- | -- |
Rank within category | 7 | 8 | 8 | 7 | 3 | 3 | 1 | -- | -- | -- | -- |
Number of funds in category | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 5 | 5 | 5 | 5 |
As on 22-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Kotak Floating Rate Fund - Regular Plan | Invest Online | May-19 | 10.55 | -- | -- | 0.63 | 4,226 | |
Nippon India Floating Rate Fund | Invest Online | Aug-04 | 10.46 | 8.44 | 8.04 | 0.57 | 15,771 | |
HDFC Floating Rate Debt Fund | Invest Online | Oct-07 | 8.78 | 8.20 | 8.06 | 0.48 | 15,274 | |
ICICI Prudential Floating Interest Fund | Invest Now | Nov-05 | 9.11 | 8.12 | 7.96 | 1.41 | 12,059 | |
Aditya Birla Sun Life Floating Rate Fund - Retail Plan | Invest Online | Jun-03 | 7.79 | 8.04 | 8.11 | 0.28 | 8,926 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 2.30 (24-Mar-2020 - 31-Mar-2020) | -1.40 (12-Mar-2020 - 19-Mar-2020) |
Month | 3.22 (10-Jun-2020 - 10-Jul-2020) | -1.79 (25-Feb-2020 - 26-Mar-2020) |
Quarter | 6.03 (15-Apr-2020 - 15-Jul-2020) | 0.01 (26-Dec-2019 - 26-Mar-2020) |
Year | 11.56 (09-Jan-2020 - 08-Jan-2021) | 6.83 (16-May-2019 - 15-May-2020) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | -- | -- | -- | -- | -- | -- |
CCIL T Bill Liquidity Weight* | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Floater* | 7.75 | 1.17 | 2.65 | 4.96 | 0.24 | 3.22 |
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-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 43 | 43 | 12 | 89 |
Modified Duration (yrs) | 2.78 | 3.11 | 2.46 | 2.59 |
Average Maturity (yrs) | 3.33 | 3.76 | 3.03 | 3.21 |
Yield to Maturity (%) | 5.20 | 6.35 | 5.20 | 4.18 |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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6.18% GOI 2024 | GOI Securities | SOV | 0.00 - 5.83 | 5.83 |
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6.43% HDFC 29/09/2025 | Debenture | AAA | 0.00 - 6.28 | 5.59 |
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7.40% REC 26/11/2024 | Bonds/NCDs | AAA | 0.00 - 9.83 | 5.41 |
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9.75% Jamnagar Utilities and Power 2024 | Debenture | AAA | 3.69 - 9.60 | 5.19 |
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9.90% ICICI Bank | Non Convertible Debenture | AA+ | 3.48 - 9.52 | 4.08 |
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9.53% Indian Bank 27/12/2029 | Debenture | AA+ | 0.00 - 4.77 | 3.71 |
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7.18% Canara Bank 2030 | Zero Coupon Bonds | AAA | 0.00 - 4.16 | 3.69 |
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9.25% Power Finance Corp. 25/09/2024 | Non Convertible Debenture | AAA | 3.60 - 9.94 | 3.60 |
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ONGC Petro Additions 2025 | Non Convertible Debenture | AAA | 0.00 - 9.86 | 3.59 |
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5.50% Indian Oil Corp. 20/10/2025 | Non Convertible Debenture | AAA | 0.00 - 5.35 | 3.56 |
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Axis Bank 21/12/2021 | Floating Rate Debenture | AAA | 0.00 - 3.56 | 3.56 |
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5.22% GOI 15/06/2025 | GOI Securities | SOV | 0.00 - 9.50 | 3.07 |
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9.25% Reliance Jio Infocomm 16/06/2024 | Debenture | AAA | 1.80 - 8.97 | 2.69 |
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7.35% GOI 22/06/2024 | Central Government Loan | SOV | 0.00 - 2.88 | 2.57 |
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8.33% LIC Housing Fin. 31/05/2024 | Non Convertible Debenture | AAA | 0.00 - 2.57 | 2.57 |
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7.50% HDFC 2025 | Debenture | AAA | 0.00 - 3.26 | 2.51 |
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7.82% Assam State 13/03/2024 | State Development Loan | SOV | 0.00 - 6.41 | 2.44 |
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7.69% National Bank Agr. Rur. Devp 29/05/2024 | Non Convertible Debenture | AAA | 2.42 - 9.95 | 2.42 |
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6.24% State Bank of India 21/09/2030 | Non Convertible Debenture | AAA | 0.00 - 2.71 | 2.42 |
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5.85% REC 20/12/2025 | Non Convertible Debenture | AAA | 0.00 - 3.06 | 2.37 |
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7.44% Bank of Baroda 2030 | Debenture | AAA | 2.18 - 8.06 | 2.18 |
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8.85% Axis Bank 2024 | Debenture | AAA | 0.00 - 5.48 | 2.04 |
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8.79% LIC Housing Fin. 2024 | Non Convertible Debenture | AAA | 1.94 - 8.98 | 1.94 |
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State Bank of India 2056 | Debenture | AA+ | 0.00 - 6.03 | 1.45 |
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9.37% State Bank of India 21/12/2023 | Debenture | AA+ | 0.00 - 1.62 | 1.28 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Deepak Agrawal since 09-May-2019
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:
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The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
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 |
Fund House: | Kotak Mahindra Mutual Fund |
Launch Date: | 14-May-2019 |
Return Since Launch: | 8.71% |
Benchmark: | NIFTY Ultra Short Duration Debt |
Riskometer: | Moderate |
Type: | Open-ended |
Assets: | ₹ 4,226 Cr (As on 31-Dec-2020) |
Expense: | 0.63% (As on 31-Dec-2020) |
Risk Grade: | -- |
Return Grade: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 12-Jan-2021 | 3.5647 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 08-Sep-2020 | 2.8206 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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