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Unrated

Kotak Floating Rate Fund - Regular Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 7.31 0.20 1.00 3.22 5.83 7.17 10.20 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Floater 5.73 0.14 0.50 1.98 4.26 5.49 9.50 -- -- -- --
Rank within category 2 2 1 1 2 2 2 -- -- -- --
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 10-Jul-2020

Peer Comparison

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
Unrated
May-19 10.20 -- -- 0.63 160
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.87 8.26 8.27 0.55 11,636
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.43 8.04 8.19 0.38 9,331
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 9.58 8.22 8.46 0.28 6,360
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 9.58 8.22 8.46 0.36 6,360

Best & Worst Performance

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 5.83 (09-Apr-2020 - 10-Jul-2020) 0.01 (26-Dec-2019 - 26-Mar-2020)
Year 10.17 (11-Jul-2019 - 10-Jul-2020) 6.83 (16-May-2019 - 15-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Floater* 7.39 1.16 1.89 3.49 0.24 2.38
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 15 -- 78
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
up 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 0.00 - 7.84 7.84
up 9.90% ICICI Bank Non Convertible Debenture AA+ 0.00 - 9.52 7.81
up 7.44% Bank of Baroda 2030 Debenture AAA 0.00 - 7.75 7.75
new ONGC Petro Additions 2025 Non Convertible Debenture AAA 0.00 - 7.66 7.66
up 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 9.88 7.56
new 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 7.55 7.55
up State Bank of India 2056 Debenture AA+ 0.00 - 6.03 5.94
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 9.95 5.38
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 8.97 4.83
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 8.69 4.73
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 5.96 3.29
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 13.45 2.44
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 3.52 1.30
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 2.33 1.29
equal HDB Financial Services 2021 Debenture AAA 0.63 - 38.81 0.63

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 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:


0.02%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 1,115.0770

Dividend Weekly: ₹ 1,044.8836

Dividend Monthly: ₹ 1,084.8576


Investment Strategy

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.

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: 14-May-2019
Return Since Launch: 9.83%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 160 Cr (As on 30-Jun-2020)
Expense: 0.63% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly07-Jul-20201.2025

 30-Jun-20201.2444
 23-Jun-20200.1528
 16-Jun-20202.8895
 09-Jun-20200.4073
 27-May-20201.4430
 19-May-20205.4330
 12-May-20205.0464
 31-Mar-20201.6304
 11-Mar-20201.9259
 11-Feb-20200.9359
 04-Feb-20201.5623
 28-Jan-20200.8326
 21-Jan-20200.7757
 14-Jan-20200.8152
 07-Jan-20200.5733
 31-Dec-20190.6723
 24-Dec-20190.8767
 17-Dec-20190.9390
 03-Dec-20191.0754
 26-Nov-20190.5162
 19-Nov-20190.9496
 13-Nov-20190.2653
 30-Oct-20190.7296
 23-Oct-20190.5599
Dividend Monthly13-Apr-20200.4541

 12-Mar-20200.3419
 12-Feb-20209.4260
 13-Jan-20203.5256
 12-Dec-20192.5794
 13-Nov-20192.0189
 15-Oct-20191.2875
 14-Oct-20191.2875
 12-Sep-20191.1983

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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