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Kotak Bond Fund - Regular Plan

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Debt: Medium to Long Duration

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and 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 do not guarantee returns or safety of capital.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

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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(₹)
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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 8.89 0.26 0.84 2.09 6.99 9.16 11.59 7.45 8.35 7.76 8.20
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 7.61
Debt: Medium to Long Duration 7.65 0.27 1.00 2.30 6.74 7.59 10.12 6.63 7.79 7.64 7.96
Rank within category 4 7 8 8 7 3 7 8 8 9 8
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 10-Jul-2020

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
3 star
 Nov-99 11.59 7.45 8.35 1.90 1,453
ICICI Prudential Bond Fund  | Invest Now
4 star
 Aug-08 13.25 8.41 8.98 1.08 3,645
SBI Magnum Income Fund  | Invest Online
5 star
 Nov-98 13.21 8.41 9.40 1.47 1,342
IDFC Bond Fund Income Plan - Regular Plan
4 star
 Jul-00 12.12 8.38 9.17 1.97 675
Nippon India Income Fund  | Invest Online
4 star
 Jan-98 11.65 8.46 9.13 1.75 438

Best & Worst Performance

Best (Period) Worst (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 6.96 3.44 0.48 1.04 1.57 -0.59
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium to Long Duration 6.14 3.47 0.42 1.07 1.26 -0.96
Rank within category 8 8 9 9 10 9
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 32 21 23
Modified Duration (yrs) 6.61 6.61 4.43 --
Average Maturity (yrs) 10.95 10.95 6.60 --
Yield to Maturity (%) 6.58 7.80 6.54 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 19.00 19.00
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 14.67 14.67
down 7.57% GOI 17/06/2033 GOI Securities SOV 3.00 - 33.00 14.05
up 7.55% REC 2030 Debenture AAA 0.00 - 8.11 8.11
equal 7.18% Canara Bank 2030 Zero Coupon Bonds AAA 0.00 - 8.41 7.68
down 7.26% GOI 14/01/2029 GOI Securities SOV 6.82 - 22.58 6.82
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 4.57 4.26
new 6.90% IRFC 2035 Debenture AAA 0.00 - 3.50 3.50
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 1.73 - 3.35 2.08
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 2.29 2.07
new 7.75% Power Finance Corp. 2030 Non Convertible Debenture AAA 0.00 - 1.79 1.79
equal 9.05% Punjab National Bank 2027 Bonds/Debentures A+ 0.00 - 1.96 1.77
new 5.62% Export-Import Bank 20/06/2025 Debenture AAA 0.00 - 1.72 1.72
equal 7.44% Bank of Baroda 2030 Debenture AAA 0.00 - 5.03 1.42
down 11.50% Tata Steel Debenture AA- 0.00 - 1.65 1.11
down 9.50% Union Bank of India 31/12/2048 Bonds AA- 0.00 - 1.25 1.09
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 0.93 - 1.50 0.93
equal Shriram City Union Finance 14/07/2032 Structured Obligation AAA 0.00 - 1.10 0.87
equal 1.44% GOI 2023 GOI Securities SOV 0.59 - 0.90 0.81
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 0.00 - 0.61 0.55
down 7.48% Nat. Highways Authority 2050 Zero Coupon Bonds AAA 0.00 - 9.84 0.11
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 0.02 - 0.02 0.02

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-2020

*As on 31-May-2020

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
0.26%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 59.4250

Dividend Yearly: ₹ 36.4077

Dividend Quarterly: ₹ 12.6994

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
Exit Load 0.2% for redemption within 90 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 25-Nov-1999
Return Since Launch: 9.02%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,453 Cr (As on 30-Jun-2020)
Expense: 1.90% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly20-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
 21-Mar-20110.0967
 20-Dec-20100.0714
Dividend 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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