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4 star

Kotak Banking and PSU Debt Fund Regular Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. 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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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 -0.05 0.03 -0.04 0.20 1.32 2.77 9.85 9.15 8.72 8.76 8.71
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 4.43 4.70
Debt: Banking and PSU -0.19 0.03 -0.07 0.05 1.01 2.32 9.12 8.57 8.28 8.55 8.68
Rank within category 4 9 6 5 3 3 8 3 3 4 --
Number of funds in category 22 22 22 22 20 19 19 16 14 10 3

As on 21-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
 Dec-98 9.85 9.15 8.72 0.76 10,801
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
 Mar-13 9.98 9.59 8.42 0.65 17,685
Axis Banking & PSU Debt Fund
5 star
 Jun-12 8.78 8.99 8.49 0.62 16,896
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
 May-15 10.21 9.10 8.64 0.79 7,210
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
 May-07 7.76 8.32 7.82 0.83 2,456

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.86 (24-Mar-2020 - 31-Mar-2020) -1.81 (12-Mar-2020 - 19-Mar-2020)
Month 3.48 (24-Mar-2020 - 23-Apr-2020) -2.47 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.15 (24-Mar-2020 - 24-Jun-2020) -0.81 (21-May-2010 - 20-Aug-2010)
Year 12.66 (24-Jul-2013 - 24-Jul-2014) 2.12 (21-Apr-2009 - 21-Apr-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.99 2.31 1.83 3.39 1.56 5.75
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Banking and PSU 8.47 2.35 1.69 3.29 1.99 5.66
Rank within category 3 12 8 10 7 7
Number of funds in category 17 17 17 17 17 17

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 116 116 81 87
Modified Duration (yrs) 2.95 3.56 2.42 2.66
Average Maturity (yrs) 3.98 4.73 3.29 3.42
Yield to Maturity (%) 5.17 7.13 5.17 4.79
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
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 4.87 4.58
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 4.51 3.60
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.88 - 4.70 3.23
new Reserve Bank of India 182-D 03/06/2021 Treasury Bills SOV 0.00 - 3.17 3.17
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 3.13 2.97
equal 7.33% IRFC 27/08/2027 Debenture AAA 0.00 - 2.74 2.37
equal 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 2.29 2.16
up Export-Import Bank 218-D 04/03/2021 Commercial Paper A1+ 0.00 - 2.07 2.07
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 2.13 2.02
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 1.94 1.84
new Reserve Bank of India 91-D 04/03/2021 Treasury Bills SOV 0.00 - 1.84 1.84
equal 9.53% Indian Bank 27/12/2029 Debenture AA+ 0.00 - 1.81 1.71
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.29 1.68
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.00 - 1.92 1.66
equal 8.42% Bank of Baroda 2028 Debenture AAA 1.10 - 2.92 1.56
equal REC 13/12/2022 Debenture AAA 1.14 - 2.20 1.46
up 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.11 1.43
new 6.22% Kerala State 2027 State Development Loan SOV 0.00 - 1.40 1.40
equal 6.80% State Bank of India 21/08/2035 Non Convertible Debenture AAA 0.00 - 1.50 1.40
new Axis Bank 21/12/2021 Floating Rate Debenture AAA 0.00 - 1.39 1.39
new 8.50% Canara Bank Debenture AA 0.00 - 1.39 1.39
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 1.82 1.32
equal 9.50% Union Bank of India 31/12/2048 Bonds AA- 0.00 - 2.12 1.30
down 7.20% Maharashtra State 2027 State Development Loan SOV 0.00 - 2.23 1.27
equal 9.10% Union Bank of India Non Convertible Debenture AA 1.26 - 2.76 1.26

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-Dec-2020

Fund Manager

— Deepak Agrawal since 15-Apr-2008

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
0.03%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 50.3734

Dividend Monthly: ₹ 10.4672

Investment Strategy

The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.

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: 29-Dec-1998
Return Since Launch: 7.60%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,801 Cr (As on 31-Dec-2020)
Expense: 0.76% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-Jan-20210.0487

 14-Dec-20200.0627
 12-Nov-20200.0869
 12-Oct-20200.1027
 14-Sep-20200.0048
 12-Aug-20200.0028
 13-Jul-20200.1824
 12-Jun-20200.1584
 12-May-20200.1798
 12-Mar-20200.0059
 12-Feb-20200.1169
 13-Jan-20200.0721
 12-Dec-20190.0234
 13-Nov-20190.0736
 15-Oct-20190.0432
 14-Oct-20190.0432
 12-Sep-20190.0489
 13-Aug-20190.0527
 12-Jul-20190.1251
 12-Jun-20190.1393
 13-May-20190.0315
 12-Apr-20190.0543
 12-Mar-20190.0669
 12-Feb-20190.0437
 14-Jan-20190.0736
Dividend Daily06-Sep-20170.0010

 05-Sep-20170.0005
 04-Sep-20170.0021
 01-Sep-20170.0052
 31-Aug-20170.0022
 30-Aug-20170.0007
 29-Aug-20170.0035
 28-Aug-20170.0044
 24-Aug-20170.0012
 23-Aug-20170.0003
 22-Aug-20170.0002
 21-Aug-20170.0044
 18-Aug-20170.0042
 16-Aug-20170.0003
 14-Aug-20170.0006
 08-Aug-20170.0008
 07-Aug-20170.0036
 04-Aug-20170.0006
 03-Aug-20170.0107
 02-Aug-20170.0039
 01-Aug-20170.0027
 31-Jul-20170.0012
 27-Jul-20170.0013
 25-Jul-20170.0004
 24-Jul-20170.0053
Dividend Yearly15-Mar-20171.0169

 14-Mar-20160.8840
 20-Mar-20150.9986
 20-Mar-20141.1759
 20-Mar-20131.0239
 20-Mar-20120.6050
 21-Sep-20034.5000

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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