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4 star

Kotak Low Duration Fund - Standard Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.03 0.03 0.11 0.41 1.10 2.00 4.56 7.17 7.29 7.92 8.16
CCIL T Bill Liquidity Weight 1.13 -0.01 0.04 0.19 0.55 1.05 2.12 3.49 3.73 4.17 4.59
Debt: Low Duration 2.10 0.02 0.08 0.40 1.00 2.02 4.38 4.78 5.61 6.35 7.28
Rank within category 17 4 2 11 5 14 6 3 2 -- --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 27-Jul-2021

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 4.56 7.17 7.29 1.19 13,850
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 5.26 7.63 7.51 0.53 32,102
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 5.17 7.12 6.97 1.04 26,073
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 4.63 7.13 6.98 1.22 19,096
Axis Treasury Advantage Fund
4 star
Oct-09 4.43 7.22 7.08 0.61 10,389

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.04 1.35 2.09 3.40 0.68 3.34
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Low Duration 4.95 4.24 1.35 2.62 -0.51 0.35
Rank within category 3 13 11 11 13 8
Number of funds in category 24 24 24 24 24 24

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

As on 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 102 112 73 63
Modified Duration (yrs) 1.02 1.13 0.69 0.75
Average Maturity (yrs) 1.92 1.92 0.86 0.95
Yield to Maturity (%) 4.66 5.41 4.17 4.37
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 10.14 10.14
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 7.03 7.03
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.45 4.69
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 1.24 - 4.13 4.13
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 4.12 4.12
equal 6.10% Karnataka State 2021 State Development Loan SOV 0.00 - 3.96 3.65
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.31 2.31
equal Shriram Transport Finance Company 28/04/2023 Debenture AA+ 0.00 - 2.53 2.17
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.51 2.16
equal Reserve Bank of India 91-D 15/07/2021 Treasury Bills SOV 0.00 - 2.51 2.16
equal Indusind Bank 15/02/2022 Certificate of Deposit A1+ 0.00 - 2.45 2.11
up 6.22% HDFC 2021 Debenture AAA 1.13 - 3.34 1.86
equal 8.90% State Bank of India 2028 Additional Tier 2 Bond AAA 0.00 - 1.90 1.54
equal 7.41% Nabha Power 20/04/2022 Non Convertible Debenture AAA 0.00 - 2.52 1.51
down 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 1.96 1.45
equal 8.15% Haryana State 27/05/2025 State Development Loan SOV 0.00 - 1.57 1.44
equal GOI 2031 GOI Securities SOV 0.00 - 1.56 1.33
equal 0.10% Manappuram Finance Bonds/Debentures AA 1.31 - 2.20 1.31
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 1.20 - 1.97 1.26
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.38 1.26
equal REC 13/12/2022 Debenture AAA 0.00 - 2.47 1.12
equal 7.59% LIC Housing Fin. 14/10/2021 Bonds AAA 0.00 - 1.32 1.09
new Indian Oil Corporation 29-D 02/07/2021 Commercial Paper A1+ 0.00 - 1.08 1.08
equal Reliance Jio Infocomm 72-D 23/07/2021 Commercial Paper A1+ 0.00 - 1.17 1.08
equal Hindustan Zinc 365-D 10/08/2021 Commercial Paper A1+ 0.00 - 1.72 1.08

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-Jun-2021

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 27-Jul-2021

Growth: ₹ 2,667.0287

IDCW Weekly: ₹ 1,014.6986

IDCW Monthly: ₹ 1,026.0777


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 06-Mar-2008
Return Since Launch: 7.60%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 13,850 Cr (As on 30-Jun-2021)
Expense: 1.19% (As on 30-Jun-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly27-Jul-20211.0631

 20-Jul-20211.4035
 13-Jul-20210.7171
 06-Jul-20210.6011
 29-Jun-20210.3503
 22-Jun-20210.0207
 15-Jun-20210.7223
 08-Jun-20211.2611
 01-Jun-20211.1210
 25-May-20210.8167
 18-May-20210.7556
 11-May-20210.6539
 04-May-20211.5921
 27-Apr-20211.0992
 20-Apr-20210.9195
 15-Apr-20210.7383
 06-Apr-20211.0996
 31-Mar-20212.2879
 23-Mar-20210.4650
 09-Mar-20210.6264
 02-Mar-20210.2085
 23-Feb-20210.2080
 12-Jan-20210.5838
 05-Jan-20211.2088
 29-Dec-20200.8059
IDCW Monthly12-Jul-20211.7043

 14-Jun-20214.4292
 12-May-20214.6053
 12-Apr-20214.8252
 12-Mar-20211.1543
 12-Jan-20212.8081
 14-Dec-20204.0380
 12-Nov-20205.9318
 12-Oct-20206.4368
 14-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

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

Last Session

Investors' Hangout

How to crash-proof your equity investments

DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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