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Kotak Dynamic Bond Fund - Regular Plan

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Debt: Dynamic Bond

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1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios.

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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(₹)
cal
cal

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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 8.39 0.16 0.10 0.12 1.20 5.52 10.38 8.95 9.27 9.43 9.31
VR Bond 5.60 0.12 0.01 -0.02 0.48 2.90 7.05 6.71 7.05 7.81 7.51
Debt: Dynamic Bond 7.01 0.15 0.13 -0.08 0.70 4.20 8.31 6.51 7.37 8.37 8.52
Rank within category 5 11 18 9 6 4 5 1 1 3 3
Number of funds in category 26 26 26 26 26 26 26 22 21 20 14

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 Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 10.38 8.95 9.27 1.15 1,632
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
 May-09 11.67 8.16 9.22 1.52 4,287
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 11.37 8.59 8.70 1.72 2,647
SBI Dynamic Bond Fund
4 star
 Feb-04 9.97 8.08 8.79 1.64 2,161
DSP Strategic Bond Fund - Regular Plan  | Invest Online
4 star
 May-07 10.97 8.24 8.23 1.10 1,593

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.72 (24-Mar-2020 - 31-Mar-2020) -2.13 (12-Mar-2020 - 19-Mar-2020)
Month 3.79 (24-Mar-2020 - 23-Apr-2020) -2.62 (25-Nov-2016 - 27-Dec-2016)
Quarter 7.40 (09-Apr-2020 - 10-Jul-2020) -2.05 (24-Nov-2016 - 23-Feb-2017)
Year 16.42 (24-Nov-2015 - 24-Nov-2016) 2.83 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.62 2.81 1.26 2.61 1.11 1.95
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Dynamic Bond 6.33 3.22 0.48 0.98 1.14 -0.39
Rank within category 1 8 2 1 11 1
Number of funds in category 26 26 26 26 26 26

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 28 34 24 18
Modified Duration (yrs) 5.73 5.73 3.97 4.61
Average Maturity (yrs) 7.96 8.20 5.53 6.28
Yield to Maturity (%) 6.68 7.63 6.45 6.16
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
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 20.60 20.60
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 11.40 11.40
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 37.46 5.53
down 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 0.00 - 6.21 5.09
equal 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 4.96 4.32
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 16.54 4.18
equal 7.83% IRFC 21/03/2027 Bonds AAA 0.00 - 4.13 3.63
up 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 3.22 3.22
equal 6.44% Maharashtra State 2029 State Development Loan SOV 0.00 - 3.66 3.21
equal 7.79% REC 21/05/2030 Debenture AAA 0.00 - 4.11 3.16
equal 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 5.76 3.10
equal 8.50% Bank of Baroda Non Convertible Debenture AA+ 0.00 - 3.43 3.06
equal 6.12% Karnataka State 22/07/2027 State Development Loan SOV 0.00 - 3.43 3.01
equal 8.65% Bank of Baroda 2022 Debenture AA+ 2.80 - 5.40 2.80
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 2.75 - 5.19 2.75
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 4.03 2.58
new 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 2.52 2.52
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 2.73 2.20
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.65 1.65
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 2.32 1.49
down 9.90% ICICI Bank Non Convertible Debenture AA+ 0.75 - 3.28 1.31
equal 9.08% Union Bank of India 31/12/2099 Bonds AA 1.11 - 2.13 1.11
equal 1.44% GOI 2023 GOI Securities SOV 1.05 - 2.04 1.05
equal 8.97% REC 28/03/2029 Non Convertible Debenture AAA 1.01 - 3.12 1.01
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 1.20 0.97

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 26-May-2008

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:

Invest Online
0.16%

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

Growth: ₹ 28.3562

Dividend Quarterly: ₹ 11.1346

Dividend Monthly: ₹ 21.7625

Investment Strategy

The scheme aims to maximise returns through an active management of a portfolio of 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: 26-May-2008
Return Since Launch: 8.80%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,632 Cr (As on 31-Aug-2020)
Expense: 1.15% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly21-Sep-20200.1959

 22-Jun-20200.5261
 20-Mar-20200.1803
 20-Dec-20190.1344
 20-Sep-20190.1564
 20-Jun-20190.2568
 20-Mar-20190.1512
 20-Dec-20180.2667
 21-Sep-20180.1138
 20-Jun-20180.0036
 20-Mar-20180.0311
 20-Dec-20170.0225
 20-Sep-20170.1372
 20-Jun-20170.2831
 20-Dec-20160.2896
 20-Sep-20160.9284
 21-Sep-20150.1835
 22-Jun-20150.4485
 20-Jun-20140.1343
 20-Mar-20140.6366
Dividend Monthly13-Jul-20200.6177

 12-Jun-20200.3503
 12-May-20200.3445
 12-Feb-20200.3016
 13-Jan-20200.1628
 12-Dec-20190.0009
 13-Nov-20190.1245
 15-Oct-20190.0790
 14-Oct-20190.0790
 12-Sep-20190.0607
 13-Aug-20190.0233
 12-Jul-20190.3682
 12-Jun-20190.3772
 13-May-20190.0555
 12-Apr-20190.1333
 12-Mar-20190.1560
 12-Feb-20190.0950
 14-Jan-20190.1581
 12-Dec-20180.3149
 12-Nov-20180.1236
 12-Oct-20180.1013
 13-Aug-20180.1498
 12-Jul-20180.0518
 12-Apr-20180.1711
 12-Mar-20180.0197
Dividend Daily06-Sep-20170.0011

 04-Sep-20170.0007
 01-Sep-20170.0116
 31-Aug-20170.0034
 30-Aug-20170.0010
 29-Aug-20170.0027
 28-Aug-20170.0023
 24-Aug-20170.0016
 23-Aug-20170.0014
 22-Aug-20170.0007
 21-Aug-20170.0017
 18-Aug-20170.0016
 09-Aug-20170.0007
 08-Aug-20170.0005
 07-Aug-20170.0017
 04-Aug-20170.0013
 03-Aug-20170.0213
 02-Aug-20170.0034
 24-Jul-20170.0110
 21-Jul-20170.0134
 19-Jul-20170.0089
 18-Jul-20170.0068
 17-Jul-20170.0075
 14-Jul-20170.0000
 13-Jul-20170.0062
Dividend Weekly05-Sep-20170.0202

 29-Aug-20170.0064
 22-Aug-20170.0046
 08-Aug-20170.0291
 25-Jul-20170.0422
 18-Jul-20170.0193
 11-Jul-20170.0129
 28-Jun-20170.0067
 20-Jun-20170.0080
 13-Jun-20170.0675
 05-Jun-20170.0223
 29-May-20170.0187
 22-May-20170.0158
 15-May-20170.0085
 05-Dec-20160.0230
 28-Nov-20160.0129
 21-Nov-20160.0970
 15-Nov-20160.1038
 24-Oct-20160.0052
 10-Oct-20160.0442
 03-Oct-20160.0188
 26-Sep-20160.0613
 19-Sep-20160.0085
 12-Sep-20160.0193
 06-Sep-20160.0196

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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