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Kotak Bond Fund - Regular Plan

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Debt: Medium to Long Duration

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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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(₹)
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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 0.04 -0.09 0.13 0.14 1.11 -0.18 3.00 8.72 6.58 7.84 8.07
VR Bond 0.46 -0.01 0.10 0.17 0.15 0.28 2.04 6.71 6.06 7.02 7.29
Debt: Medium to Long Duration 0.70 -0.02 0.02 0.34 0.80 0.80 2.89 7.31 6.27 7.51 7.68
Rank within category 10 14 2 14 4 14 5 6 8 8 6
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 30-Jul-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Bond Fund - Regular Plan  | Invest Online
4 star
 Nov-99 3.00 8.72 6.58 1.76 2,071
ICICI Prudential Bond Fund  | Invest Now
4 star
 Aug-08 3.59 8.84 7.49 1.20 3,352
Aditya Birla Sun Life Income Fund  | Invest Online
4 star
 Oct-95 4.11 9.48 7.32 0.80 2,417
SBI Magnum Income Fund  | Invest Online
5 star
 Nov-98 5.33 9.42 8.32 1.46 1,743
IDFC Bond Fund Income Plan - Regular Plan
3 star
 Jul-00 2.02 9.04 7.41 1.97 685

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.52 11-Dec-2008 - 18-Dec-2008 -5.05 02-Jan-2009 - 09-Jan-2009
Month 15.36 18-Nov-2008 - 18-Dec-2008 -6.20 19-Jul-2013 - 19-Aug-2013
Quarter 20.38 06-Oct-2008 - 05-Jan-2009 -9.89 20-May-2013 - 19-Aug-2013
Year 22.98 04-Jan-2008 - 05-Jan-2009 -1.76 09-Jun-2017 - 11-Jun-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.65 3.53 1.26 1.62 1.48 0.82
VR Bond 6.66 2.10 1.17 1.62 -- --
Debt: Medium to Long Duration 7.31 3.53 1.13 1.86 1.19 0.19
Rank within category 6 9 6 11 10 5
Number of funds in category 14 14 14 14 14 14

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 26 103 15 21
Modified Duration (yrs) 3.88 6.78 3.61 3.71
Average Maturity (yrs) 7.26 9.81 6.47 4.90
Yield to Maturity (%) 6.18 6.59 5.59 5.45
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.72% Kerala State 24/03/2027 State Development Loan SOV 0.00 - 18.31 14.40
equal 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 17.09 14.19
equal 7.84% Tamilnadu State 13/07/2026 State Development Loan SOV 0.00 - 14.25 12.88
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 15.16 10.83
equal 8.03% Uttar Pradesh State 2026 State Development Loan SOV 0.00 - 9.41 8.82
up 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 5.03 5.03
equal Power Finance Corporation 22/01/2031 Floating Rate Debenture AAA 0.00 - 8.91 4.65
new 7.85% Rajasthan State 15/03/2027 State Development Loan SOV 0.00 - 2.82 2.82
equal 7.84% Maharashtra State 13/07/2026 State Development Loan SOV 0.00 - 3.27 2.58
new 7.61% Tamilnadu State 15/02/2027 State Development Loan SOV 0.00 - 2.54 2.54
new 7.23% Rajasthan State 14/06/2027 State Development Loan SOV 0.00 - 2.49 2.49
equal 7.29% Kerala State 28/12/2026 State Development Loan SOV 0.00 - 2.56 2.02
new 6.45% Rajasthan State 2027 State Development Loan SOV 0.00 - 1.85 1.85
equal 7.17% Uttar Pradesh State 2027 State Development Loan SOV 0.00 - 2.21 1.74
equal 7.29% West Bengal State 28/12/2026 State Development Loan SOV 0.00 - 1.60 1.27
equal 7.18% Uttarakhand State 2027 State Development Loan SOV 0.00 - 1.58 1.24
equal 7.15% Rajasthan State 2027 State Development Loan SOV 0.00 - 1.58 1.24
new 7.20% Tamilnadu State 25/01/2027 State Development Loan SOV 0.00 - 1.04 1.04
down 8.51% Haryana State 2026 State Development Loan SOV 0.00 - 1.34 0.79
equal 1.44% GOI 2023 GOI Securities SOV 0.59 - 0.90 0.59
equal 8.28% Karnataka State 2026 State Development Loan SOV 0.00 - 2.00 0.42
equal GOI 23/12/2025 GOI Securities SOV 0.00 - 0.46 0.30
equal 8.24% Tamilnadu State 2025 State Development Loan SOV 0.00 - 0.41 0.26
equal 6.85% Kerala State 23/11/2026 State Development Loan SOV 0.00 - 0.31 0.25
equal 7.48% Nat. Highways Authority 2050 Zero Coupon Bonds AAA 0.07 - 0.13 0.07

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

— Abhishek Bisen since 15-Apr-2008

Education: Mr. Bisen is a BA and MBA in Finance.

Experience: Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.

Funds Managed:

Invest Online
-0.09%

Change from previous, NAV as on 30-Jul-2021

Growth: ₹ 61.2906

IDCW Yearly: ₹ 37.5507

IDCW Quarterly: ₹ 12.9997

Investment Strategy

The scheme aims to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kind of issuers in the debt market. The wholesale plan is targeted at big ticket investors and corporate.

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: 25-Nov-1999
Return Since Launch: 8.72%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,071 Cr (As on 30-Jun-2021)
Expense: 1.76% (As on 30-Jun-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly22-Dec-20200.0557

 21-Sep-20200.0410
 20-Dec-20190.3879
 20-Sep-20170.1192
 20-Jun-20170.1876
 20-Mar-20170.0721
 20-Dec-20160.3079
 20-Sep-20160.4724
 20-Jun-20160.1422
 21-Mar-20160.0801
 21-Dec-20150.0096
 21-Sep-20150.1423
 22-Jun-20150.0937
 20-Mar-20150.2356
 22-Dec-20140.2122
 22-Sep-20140.2022
 20-Jun-20130.3936
 20-Mar-20130.2448
 20-Dec-20120.2119
 20-Sep-20120.1994
 20-Jun-20120.3809
 20-Mar-20120.2482
 20-Dec-20110.2127
 20-Sep-20110.1827
 20-Jun-20110.1295
IDCW Yearly20-Mar-20140.2158

 20-Mar-20131.4008
 12-Mar-20040.7798
 12-Mar-20030.7500
 13-Mar-20023.0000

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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