|Risk||Low to Moderate|
|Min SIP Amount||₹1000|
|NAV||₹10.42 (07 May 2021)|
|Fund Started||11 Jan 2013|
|Fund Size||₹9,675 Cr|
Kotak Banking and PSU Debt Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 11 Jan 2013. Deepak Agrawal is the Current Fund Manager of Kotak Banking and PSU Debt Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹9,675 Cr and the Latest NAV as of 07 May 2021 is ₹10.42.
The Kotak Banking and PSU Debt Fund Direct IDCW Monthly is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.