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Kotak Banking and PSU Debt Fund Regular Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

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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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 0.42 0.03 0.14 0.99 2.25 4.05 10.88 7.76 8.43 8.71 8.05
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 1.91 4.24 4.15 4.46 4.80 4.69
Debt: Banking and PSU 0.38 0.04 0.10 0.86 2.03 3.94 9.75 7.28 7.94 8.27 8.38
Rank within category 5 16 2 5 4 11 5 5 3 -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.87 (24-Jul-2013 - 23-Aug-2013) -1.15 (17-Aug-2001 - 17-Sep-2001)
Quarter 4.94 (24-Jul-2013 - 23-Oct-2013) -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 7.64 1.91 1.00 1.71 4.58 9.43
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Banking and PSU 7.19 2.04 0.83 1.62 4.73 9.24
Rank within category 5 7 5 8 8 8
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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 77 77 35 66
Modified Duration (yrs) 2.86 3.36 1.89 2.63
Average Maturity (yrs) 3.81 4.61 2.52 3.40
Yield to Maturity (%) 7.09 8.51 6.97 6.91

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 8.09 8.09
up 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 6.11 4.56
equal State Bank of India 2056 Debenture AA+ 0.00 - 5.71 3.58
up 9.90% ICICI Bank Non Convertible Debenture AA+ 0.00 - 3.37 3.37
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 5.73 3.03
equal 8.75% Axis Bank Bonds/Debentures AA+ 2.87 - 11.34 2.87
new Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 2.82 2.82
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.99 2.51
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.77 2.49
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 9.43 2.45
equal 9.15% ICICI Bank Debenture AA+ 2.43 - 6.84 2.43
new 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 2.39 2.39
equal REC 13/12/2022 Debenture AAA 0.00 - 2.83 2.37
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 3.81 2.36
new Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.32 2.32
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 2.67 2.26
new 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 2.68 1.91
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 1.56 - 6.33 1.56
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 1.91 1.45
up 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 3.23 1.42
equal 8.42% Bank of Baroda 2028 Debenture AAA 1.35 - 5.31 1.35
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 4.11 1.26
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.26 - 4.96 1.26
up 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 1.25 1.25
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 4.05 1.25

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-2019

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
0.07%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 45.8303

Dividend Monthly: ₹ 10.4715

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: 7.49%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,204 Cr (As on 31-Dec-2019)
Expense: 0.60% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly13-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
 12-Dec-20180.0952
 12-Nov-20180.0710
 12-Oct-20180.0374
 12-Sep-20180.0015
 13-Aug-20180.0547
 12-Jul-20180.0804
 12-Jun-20180.0033
 14-May-20180.0333
 12-Apr-20180.0821
 12-Mar-20180.0135
 12-Feb-20180.0388
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: 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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