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Kotak Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 6.57 0.56 0.89 2.23 3.83 7.21 13.66 7.44 7.87 7.21 7.85
VR Bond 4.30 0.32 0.46 1.21 2.50 4.93 9.51 7.26 7.43 7.41 7.51
Debt: Medium to Long Duration 5.09 0.47 0.80 1.85 3.33 5.52 10.37 6.50 7.33 7.06 7.71
Rank within category 3 4 6 3 4 2 4 7 8 10 8
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 22-May-2020

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 3.39 0.44 0.94 1.55 -0.84
VR Bond 6.97 1.99 0.75 1.65 -- --
Debt: Medium to Long Duration 6.02 3.39 0.34 0.85 1.24 -1.31
Rank within category 6 8 9 9 10 8
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-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 37 22 19
Modified Duration (yrs) 5.44 6.11 4.43 --
Average Maturity (yrs) 9.36 9.69 6.60 --
Yield to Maturity (%) 7.37 8.02 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
down 7.26% GOI 14/01/2029 GOI Securities SOV 13.83 - 39.27 18.15
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 33.00 10.49
new 7.16% GOI 20/09/2050 GOI Securities SOV 0.00 - 9.19 9.19
up 7.18% Canara Bank 2030 Zero Coupon Bonds AAA 0.00 - 7.61 7.61
equal 9.53% Indian Bank 27/12/2029 Debenture AA- 0.00 - 5.61 5.61
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 5.54 5.54
equal 7.44% Bank of Baroda 2030 Debenture AAA 0.00 - 5.03 5.03
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 10.28 4.98
down 7.48% Nat. Highways Authority 2050 Zero Coupon Bonds AAA 0.00 - 9.84 4.78
new 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 4.27 4.27
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 3.42 3.42
new 8.95% Punjab National Bank Bonds A 0.00 - 3.38 3.38
up Muthoot Finance 19/04/2023 Bonds/Debentures AA 1.73 - 3.35 3.35
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 11.70 2.56
equal 8.97% Uttar Pradesh Power Corporation 15/02/2021 Bonds AA 1.12 - 1.50 1.50
equal Aditya Birla Finance 2027 Debenture AAA 0.00 - 1.33 1.33
equal Shriram City Union Finance 14/07/2032 Structured Obligation AAA 0.00 - 1.10 1.02
equal 7.30% Tata Sons 14/08/2020 Debenture AAA 0.71 - 0.96 0.96
equal 1.44% GOI 2023 GOI Securities SOV 0.59 - 0.84 0.84
new 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 0.00 - 0.57 0.57
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.11 - 0.14 0.14
down 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 0.09 - 1.76 0.09
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-Apr-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:


0.56%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 58.1596

Dividend Yearly: ₹ 35.6324

Dividend Quarterly: ₹ 12.4290


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: 8.97%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,402 Cr (As on 30-Apr-2020)
Expense: 1.88% (As on 30-Apr-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: 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

Debt funds and the crisis

dateFriday, 29-May-2020
time12:30 PM - 01:00 PM