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Kotak Dynamic Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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(₹)
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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 2.59 0.08 0.40 2.22 3.24 5.29 12.53 8.90 9.12 9.37 9.06
VR Bond 1.60 0.10 0.30 1.43 2.37 3.01 8.80 6.93 7.14 7.53 7.43
Debt: Dynamic Bond 2.23 0.04 0.39 2.04 2.67 4.06 9.72 6.43 7.03 7.81 8.17
Rank within category 9 5 11 10 10 4 8 1 1 1 2
Number of funds in category 25 25 25 25 25 25 25 20 19 18 12

As on 17-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.73 (28-Dec-2016 - 04-Jan-2017) -1.61 (02-Feb-2017 - 09-Feb-2017)
Month 3.50 (25-Oct-2016 - 24-Nov-2016) -2.62 (25-Nov-2016 - 27-Dec-2016)
Quarter 6.03 (25-Aug-2016 - 24-Nov-2016) -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 7.58 2.49 0.77 1.35 1.03 1.54
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Dynamic Bond 5.19 3.21 0.04 0.15 1.10 -0.88
Rank within category 1 6 2 2 10 1
Number of funds in category 27 27 27 27 27 27

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 34 34 19 20
Modified Duration (yrs) 3.97 4.49 2.44 3.97
Average Maturity (yrs) 5.63 6.42 3.15 5.68
Yield to Maturity (%) 7.43 8.75 7.43 6.84

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 22.36 15.41
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 18.09 7.40
equal Reliance Jio Infocomm 16/04/2023 Non Convertible Debenture AAA 0.00 - 7.86 6.78
equal State Bank of India 2056 Debenture AA+ 0.00 - 6.53 4.62
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 5.15 4.44
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 14.93 4.11
equal 8.65% Bank of Baroda 2022 Debenture AA+ 4.00 - 7.70 4.00
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 6.96 3.83
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 3.71 - 9.08 3.71
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 2.61 - 6.67 3.58
new 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 3.52 3.52
equal 8.23% IRFC 29/03/2029 Debenture AAA 0.00 - 6.35 3.22
new 7.65% Axis Bank 30/01/2027 Non Convertible Debenture AAA 0.00 - 3.09 3.09
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 2.77 - 5.44 2.77
equal 8.97% REC 28/03/2029 Non Convertible Debenture AAA 0.00 - 4.28 2.34
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.73 2.34
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 3.27 2.29
equal 7.82% Assam State 13/03/2024 State Development Loan SOV 0.00 - 4.18 2.29
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 2.37 2.16
equal 8.45% Punjab State 30/03/2023 State Development Loan SOV 1.97 - 3.88 1.97
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 0.00 - 3.24 1.84
equal 9.08% Union Bank of India 31/12/2099 Bonds AA 1.59 - 3.06 1.59
equal 1.44% GOI 2023 Inflation Index Bond SOV 1.49 - 2.93 1.49
down 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 1.57 1.26
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 13.31 0.91

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-Jan-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:


0.08%

Change from previous, NAV as on 17-Feb-2020

Growth: ₹ 26.8368

Dividend Quarterly: ₹ 11.4855

Dividend Monthly: ₹ 21.8623


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: 8.77%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,132 Cr (As on 31-Jan-2020)
Expense: 1.08% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-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
 12-Feb-20180.0338
 12-Dec-20170.0062
 13-Nov-20170.0660
Dividend Quarterly20-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 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: 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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