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4 star

Kotak Low Duration Fund - Standard Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 6.33 0.03 0.13 0.39 1.59 4.52 8.49 7.82 8.05 8.41 8.53
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Low Duration 4.93 0.03 0.11 0.33 3.44 4.68 6.36 5.06 6.11 6.75 7.43
Rank within category 3 10 4 6 10 4 3 2 2 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.49 7.82 8.05 1.12 9,297
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.51 7.92 8.11 0.55 19,725
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.94 7.57 7.62 1.22 14,808
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.24 7.51 7.58 1.07 10,361
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 7.79 7.79 7.72 0.61 7,439

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.76 (24-Mar-2020 - 31-Mar-2020) -1.38 (09-Jul-2013 - 16-Jul-2013)
Month 2.12 (24-Mar-2020 - 23-Apr-2020) -3.41 (24-Sep-2008 - 24-Oct-2008)
Quarter 4.46 (24-Mar-2020 - 24-Jun-2020) -2.37 (24-Jul-2008 - 23-Oct-2008)
Year 10.73 (13-Jan-2012 - 14-Jan-2013) 3.50 (05-May-2008 - 05-May-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.57 1.30 1.93 2.94 0.05 2.57
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 2 13 10 10 8 10
Number of funds in category 25 25 25 25 25 25

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 78 81 57 55
Modified Duration (yrs) 0.90 0.97 0.74 0.78
Average Maturity (yrs) 1.01 1.20 0.90 0.91
Yield to Maturity (%) 5.18 9.47 5.18 4.92
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 8.12% GOI 2020 Central Government Loan SOV 0.00 - 8.99 8.99
down National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 5.90 5.02
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 4.40 3.89
down 6.60% REC 21/03/2022 Debenture AAA 0.00 - 5.14 3.81
new Sundaram Finance Zero Coupon Bonds AAA 0.00 - 3.73 3.73
equal Indusind Bank 21/01/2021 Certificate of Deposit A1+ 0.00 - 7.67 3.44
up 6.22% HDFC 2021 Debenture AAA 0.00 - 3.34 3.34
equal 5.62% Orissa State 15/10/2021 State Development Loan SOV 0.00 - 3.68 3.28
equal 7.43% Chhattisgarh State 13/03/2022 State Development Loan SOV 0.00 - 4.74 3.03
new 7.41% Nabha Power 20/04/2022 Non Convertible Debenture AAA 0.00 - 2.29 2.29
down 11.80% Tata Steel Debenture AA- 0.00 - 5.27 2.20
new Reserve Bank of India 364-D 10/09/2020 Treasury Bills SOV 0.00 - 2.15 2.15
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.11 - 4.66 2.07
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 2.04 - 8.35 2.04
equal 0.10% Manappuram Finance Bonds/Debentures AA 0.00 - 4.40 1.96
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.82 1.82
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.00 - 3.82 1.76
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 0.00 - 1.96 1.73
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 1.67 - 4.24 1.67
equal 5.78% Orissa State 18/02/2022 State Development Loan SOV 0.00 - 1.85 1.65
new Hindustan Zinc 365-D 10/08/2021 Commercial Paper A1+ 0.00 - 1.55 1.55
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.55 - 2.37 1.53
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 2.84 1.47
equal 11.50% Tata Steel Debenture AA- 0.00 - 3.26 1.43
up 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 1.41 1.41

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-Aug-2020

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:


0.03%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 2,575.8668

Dividend Weekly: ₹ 1,015.3421

Dividend Monthly: ₹ 1,026.3523


Investment Strategy

The scheme seeks to generate income through investment in low duration debt and money market 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: 06-Mar-2008
Return Since Launch: 7.81%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,297 Cr (As on 31-Aug-2020)
Expense: 1.12% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly29-Sep-20200.8555

 22-Sep-20201.0600
 08-Sep-20202.1631
 01-Sep-20201.0736
 25-Aug-20200.3086
 18-Aug-20201.4574
 11-Aug-20200.9694
 04-Aug-20201.0755
 28-Jul-20200.0163
 21-Jul-20201.3731
 14-Jul-20202.7645
 07-Jul-20202.5627
 30-Jun-20203.6304
 23-Jun-20204.9890
 16-Jun-20203.3239
 09-Jun-20200.7825
 02-Jun-20200.9821
 27-May-20205.7562
 19-May-20204.5853
 12-May-20202.6445
 21-Apr-20200.7838
 08-Apr-20201.7881
 31-Mar-20201.1538
 11-Mar-20200.8716
 03-Mar-20200.2458
Dividend Monthly14-Sep-20204.5163

 12-Aug-20203.8469
 13-Jul-202015.1201
 12-Jun-202013.1439
 12-May-20207.1245
 13-Apr-20203.0103
 12-Mar-20201.5646
 12-Feb-20205.8048
 13-Jan-20204.7468
 12-Dec-20193.6392
 13-Nov-20195.8972
 15-Oct-20195.0127
 14-Oct-20195.0127
 12-Sep-20196.0293
 13-Aug-20195.1598
 12-Jul-20195.8933
 12-Jun-20191.4907
 13-May-20193.9097
 12-Apr-20196.0831
 12-Mar-20194.8405
 12-Feb-20194.3585
 14-Jan-20193.9799
 12-Dec-20186.0332
 12-Nov-20184.3653
 12-Oct-20183.7618

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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