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Unrated

Kotak Floating Rate Fund - Regular Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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. 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

  • 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 4.10 0.01 0.04 0.41 0.56 2.37 4.28 -- -- -- --
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 -- -- -- --
Debt: Floater 3.63 0.03 0.03 0.29 0.60 2.12 4.07 -- -- -- --
Rank within category 1 11 6 2 8 3 3 -- -- -- --
Number of funds in category 8 12 12 12 12 10 8 6 5 5 5

As on 06-Dec-2021

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 4.28 -- -- 0.62% 9,012
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 4.52 7.43 7.13 0.48% 23,796
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.85 7.09 6.99 0.42% 19,376
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 3.86 7.09 6.99 0.28% 19,376
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 4.04 8.15 7.10 0.57% 19,094

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 -1.38 16-Dec-2020 - 17-Mar-2021
Year 11.56 09-Jan-2020 - 08-Jan-2021 4.30 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Floater* 6.88 1.27 2.44 4.33 1.02 3.72
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 72 72 43 105
Modified Duration (yrs) 1.81 3.33 1.81 --
Average Maturity (yrs) 3.73 4.36 3.31 --
Yield to Maturity (%) 5.35 6.07 5.20 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 8.73 8.73
equal HDFC 30/09/2024 Debenture AAA 0.00 - 5.54 5.54
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 5.21 5.05
equal Power Finance Corporation 2024 Floating Rate Debenture AAA 0.00 - 5.43 4.40
equal GOI 2031 GOI Securities SOV 0.00 - 2.53 2.53
equal 7.89% Gujarat State 15/05/2025 State Development Loan SOV 0.00 - 3.86 2.49
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 2.28 - 5.28 2.36
equal Reserve Bank of India 91-D 16/12/2021 Treasury Bills SOV 0.00 - 2.27 2.22
equal 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 2.20 2.20
equal 8.20% Gujarat State 24/06/2025 State Development Loan SOV 0.00 - 3.90 1.92
new REC 31/10/2024 Non Convertible Debenture AAA 0.00 - 1.77 1.77
equal 7.40% REC 26/11/2024 Bonds/NCDs AAA 1.67 - 6.32 1.74
equal ONGC Petro Additions 2025 Non Convertible Debenture AAA 1.65 - 3.74 1.72
equal 7.18% Canara Bank Additional Tier 2 Bond AAA 1.64 - 3.69 1.71
equal 9.53% Indian Bank Additional Tier 2 Bond AA+ 1.64 - 3.72 1.70
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.83 - 2.08 1.69
equal 7.50% HDFC 2025 Debenture AAA 0.00 - 2.58 1.68
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 1.66 1.66
equal 5.10% Citicorp Finance 2023 Debenture AAA 0.00 - 1.66 1.66
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 1.59 - 3.69 1.65
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.22 - 2.42 1.57
new Reserve Bank of India 91-D 02/02/2022 Treasury Bills SOV 0.00 - 1.50 1.50
equal 9.90% ICICI Bank Additional Tier 1 Bond AA+ 1.35 - 4.08 1.40
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 3.18 1.39
down 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 1.60 1.39

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-2021

*As on 31-Oct-2021

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:


0.01%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 1,202.8240

IDCW: ₹ 1,070.5001


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 14-May-2019
Return Since Launch: 7.46%
Benchmark: NIFTY Short Duration Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 9,012 Cr (As on 30-Nov-2021)
Expense: 0.62% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW13-Sep-20219.3500

 12-Aug-202110.2328
 12-Jul-20212.0511
 14-Jun-202110.0862
 12-May-202111.3802
 12-Apr-20218.8644
 12-Feb-20214.6059
 12-Jan-20213.5647
 14-Dec-20208.9912
 12-Nov-202012.9007
 12-Oct-20208.7353
 14-Sep-20200.8286
 12-Aug-20200.6663
 13-Jul-20203.8690
 13-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
IDCW Weekly08-Sep-20202.8206

 04-Aug-20201.4762
 28-Jul-20202.5109
 21-Jul-20200.0883
 14-Jul-20201.9366
 07-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

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: https://www.kotakmf.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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