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Kotak Corporate Bond Fund - Standard Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 9.23 0.33 1.81 9.81 7.89 8.37 8.31
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 7.16
Debt: Corporate Bond 5.06 0.23 1.52 5.77 5.04 6.51 6.85
Rank within category 7 5 5 8 2 3 --
Number of funds in category 19 21 21 19 15 14 7

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 3.21 (14-Nov-2014 - 15-Dec-2014) -2.42 (24-Jun-2013 - 24-Jul-2013)
Quarter 6.38 (17-Oct-2014 - 16-Jan-2015) -2.57 (20-May-2013 - 19-Aug-2013)
Year 14.44 (08-Aug-2014 - 10-Aug-2015) 1.72 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.62 1.10 1.68 2.98 0.32 1.89
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.01 4.11 0.33 0.65 0.48 -0.70
Rank within category 2 1 1 1 5 2
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 64 64 35 63
Modified Duration (yrs) 1.38 1.38 0.87 2.34
Average Maturity (yrs) 1.58 1.61 0.96 3.14
Yield to Maturity (%) 6.42 8.73 6.42 7.07

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 5.48 5.48
equal Axis Bank 30/07/2020 Certificate of Deposit A1+ 0.00 - 5.59 5.07
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 3.08 - 7.30 4.89
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 6.30 4.30
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 1.20 - 4.04 3.79
up 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 3.08 3.08
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 4.09 3.02
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 3.13 2.83
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.00 - 4.92 2.70
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 4.36 2.70
equal 8.71% HDB Financial Services 17/05/2021 Bonds/NCDs AAA 0.00 - 3.71 2.68
equal 8.37% REC 14/08/2020 Bonds AAA 0.00 - 4.13 2.67
up 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.64 2.64
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 4.71 2.59
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.78 2.51
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 4.93 2.26
equal Reliance Retail Ltd. 28/03/2020 Securitised Debt AAA 2.21 - 9.56 2.21
equal 8.71% HDB Financial Services 18/02/2021 Bonds/Debentures AAA 0.00 - 3.57 2.14
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 3.74 2.04
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 2.25 2.03
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 3.68 2.01
new REC 13/12/2022 Debenture AAA 0.00 - 1.98 1.98
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.98 1.98
equal 8.81% L&T Finance 13/03/2020 Bonds/Debentures AAA 0.00 - 7.28 1.98
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 3.42 1.89

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-2019

Fund Manager

— Deepak Agrawal since 31-Jan-2015

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-Dec-2019

Growth: ₹ 2,631.6364

Dividend Monthly: ₹ 1,046.2956


Investment Strategy

The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities.

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: 21-Sep-2007
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,801 Cr (As on 30-Nov-2019)
Expense: 0.61% (As on 30-Nov-2019)
Risk Grade: Low
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily21-Sep-201621.5315

 20-Sep-201621.5315
 20-Jun-201614.9341
 21-Dec-201516.5743
 21-Sep-201531.7970
 06-Feb-20150.4110
 05-Feb-20150.1362
 04-Feb-20150.1388
 03-Feb-20150.1374
 02-Feb-20150.7783
 29-Jan-20150.1378
 28-Jan-20150.0970
 27-Jan-20150.4730
 23-Jan-20150.2146
 21-Jan-20151.4405
 20-Jan-20150.3935
 16-Jan-20150.5243
 15-Jan-20153.9560
 14-Jan-20150.0298
 13-Jan-20151.9381
 12-Jan-20151.9216
 09-Jan-20150.8905
 08-Jan-20150.1589
 07-Jan-20150.3879
 31-Dec-20140.6206
Dividend Monthly12-Dec-20192.6360

 13-Nov-20196.8613
 15-Oct-20194.4466
 14-Oct-20194.4466
 12-Sep-20195.9690
 13-Aug-20197.9576
 12-Jul-20196.9706
 12-Jun-20198.1832
 13-May-20193.3693
 12-Apr-20196.8125
 12-Mar-20195.4513
 12-Feb-20194.5236
 14-Jan-20198.0467
 12-Dec-20186.6289
 12-Nov-20184.9478
 12-Oct-20184.6179
 12-Sep-20181.4709
 13-Aug-20185.3487
 12-Jul-20186.0532
 12-Jun-20183.4914
 14-May-20182.3012
 12-Apr-20185.7246
 12-Mar-20184.4677
 12-Feb-20183.7042
 12-Jan-20181.9271
Dividend Quarterly20-Jun-201715.9660

 20-Mar-201711.1398
 20-Dec-201617.6919
 20-Sep-201620.6020
 20-Jun-201614.2640
 21-Mar-201611.6905
 21-Dec-201515.4654
 21-Sep-20158.6026
 22-Jun-201512.8212
 20-Mar-201517.7139
 26-Dec-201425.0283
 25-Sep-201415.5521
 25-Jun-201415.5958
 25-Mar-20149.3942
 25-Jun-201323.8950
 25-Mar-201322.2720
 26-Dec-201210.9216
Dividend Weekly27-Jan-20152.7383

 19-Jan-20156.2486
 12-Jan-20154.0026
 15-Dec-20140.9665
 08-Dec-20140.3169
 01-Dec-20140.9816
 24-Nov-20141.7570
 17-Nov-20140.4985
 10-Nov-20142.0707
 03-Nov-20143.8045
 27-Oct-20143.3278
 20-Oct-20143.4373
 13-Oct-20142.3653
 07-Oct-20141.7491
 22-Sep-20143.3655
 15-Sep-20141.2260
 08-Sep-20142.8853
 01-Sep-20141.5418
 25-Aug-20140.7779
 19-Aug-20142.0605
 28-Jul-20141.6714
 21-Jul-20140.3394
 07-Jul-20141.6453
 09-Jun-20144.8927
 02-Jun-20142.0469

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

Upcoming Video

Investors' Hangout

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dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM