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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
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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
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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 3.65 -0.05 0.02 0.22 1.31 2.59 4.06 8.73 7.43 8.15 8.51
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 4.49
Debt: Banking and PSU 3.23 0.03 0.08 0.37 0.91 2.00 3.52 8.07 7.00 7.75 8.27
Rank within category 4 22 22 21 4 3 3 4 4 4 --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 3

As on 26-Nov-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 4.06 8.73 7.43 0.76% 9,334
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
 Mar-13 3.37 8.95 7.67 0.62% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Apr-08 3.67 8.47 6.97 0.70% 18,115
Axis Banking & PSU Debt Fund
4 star
 Jun-12 3.32 8.19 7.58 0.62% 16,526
HDFC Banking and PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Mar-14 3.93 8.51 7.11 0.82% 9,470

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 -0.94 16-Dec-2020 - 17-Mar-2021
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 8.72 2.28 2.13 3.68 1.93 6.03
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Banking and PSU 8.00 2.46 1.82 3.58 2.38 5.59
Rank within category 3 12 2 7 4 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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 79 121 79 80
Modified Duration (yrs) 2.83 3.21 1.76 --
Average Maturity (yrs) 5.15 5.51 3.02 --
Yield to Maturity (%) 5.58 5.80 5.17 --
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 - 8.29 8.29
equal 7.59% GOI 2026 GOI Securities SOV 1.59 - 9.47 7.15
equal Export-Import Bank 184-D 30/12/2021 Certificate of Deposit A1+ 0.00 - 5.33 5.33
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 3.04 - 3.63 3.59
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 2.95 2.94
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 2.65 2.65
equal 7.74% Power Finance Corporation 29/01/2028 Non Convertible Debenture AAA 0.70 - 2.56 2.52
up 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 2.41 2.41
equal 6.44% HDFC Bank 27/09/2028 Non Convertible Debenture AAA 0.00 - 2.14 2.12
up GOI 2031 GOI Securities SOV 0.00 - 2.53 2.06
equal 7.65% Axis Bank 30/01/2027 Non Convertible Debenture AAA 0.00 - 2.00 1.98
equal 9.53% Indian Bank Additional Tier 2 Bond AA+ 1.63 - 1.99 1.94
equal 8.85% Power Finance Corporation 25/05/2029 Bonds/NCDs AAA 0.40 - 1.92 1.90
equal 9.10% Union Bank of India Additional Tier 1 Bond AA 0.36 - 1.46 1.86
equal 8.45% Indian Railway Finance Corporation 2028 Debenture AAA 0.00 - 1.79 1.77
equal 8.42% Bank of Baroda Additional Tier 2 Bond AAA 1.47 - 1.77 1.76
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.61 1.61
equal 6.80% State Bank of India Additional Tier 2 Bond AAA 1.34 - 1.61 1.58
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 2.00 1.58
equal Export-Import Bank 2022 Certificate of Deposit A1+ 0.00 - 1.56 1.56
equal 9.50% Union Bank of India Additional Tier 1 Bond AA- 1.25 - 1.53 1.53
equal 7.64% Food Corporation of India 2029 Debenture AAA 1.17 - 1.42 1.39
equal 7.25% Punjab National Bank Additional Tier 2 Bond AA+ 1.13 - 1.36 1.36
up SIDBI 90-D 28/12/2021 Commercial Paper A1+ 0.00 - 1.33 1.33
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.54 - 1.85 1.28

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-Oct-2021

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
-0.05%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 52.2418

IDCW Monthly: ₹ 10.4512

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 29-Dec-1998
Return Since Launch: 7.48%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,334 Cr (As on 31-Oct-2021)
Expense: 0.76% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly12-Nov-20210.0351

 13-Sep-20210.0950
 12-Aug-20210.0467
 14-Jun-20210.0833
 12-May-20210.0602
 12-Apr-20210.0741
 12-Feb-20210.0022
 12-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
IDCW 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
IDCW 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: 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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