Kotak Banking and PSU Debt Fund Direct Dividend Monthly is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was introduced to investors on 11 Jan 2013. Deepak Agrawal is the Current Fund Manager of Kotak Banking and PSU Debt Fund Direct Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹2,198 Cr and the Latest NAV as of 23 Aug 2019 is ₹10.6.
The Kotak Banking and PSU Debt Fund Direct Dividend Monthly is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To generate income by predominantly investing in debt and money market securities issued by Banks and PSUs and Reverse repos in such securities. Sovereign securities issued by the Centre Government and State Governments and / or ant6 security unconditionally granted by the Govt. of India.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment