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Kotak Floating Rate Fund Direct Growth+0.01%

10.94%
1 Year Return
Debt
Floater
6M
1Y
All

Fund Details

Kotak Floating Rate Fund Direct Growth

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.23%
NAV₹1158.92 (27 Jan 2021)
Fund Started14 May 2019
Fund Size4,226 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
10.9%
-
-
9.2%
Category Average
8.4%
7.9%
7.7%
-
Rank Within Category
1
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Would have become
0
with 10.9% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.23%
2. Exit load is zero
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
3. Risk-adjusted returns are lower compared to the category

Top Holdings

NameSectorInstrument% Assets
GOISovereignGOI Sec5.8%
Housing Development Finance Corpn. Ltd.FinancialDebenture5.6%
REC Ltd.FinancialBonds/NCD5.4%
Jamnagar Utilities and Power Pvt. Ltd.EngineeringDebenture5.2%
ICICI Bank Ltd.FinancialNCD4.1%
Indian BankFinancialDebenture3.7%
Canara BankFinancialZCB3.7%
Power Finance Corpn. Ltd.FinancialNCD3.6%
ONGC Petro Additions Ltd.EnergyNCD3.6%
Indian Oil Corpn. Ltd.EnergyNCD3.6%
See All

Fund Managers

Deepak Agrawal
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Arjun Khanna
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Kotak Floating Rate Fund Direct Growth Details

Kotak Floating Rate Fund Direct Growth is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 14 May 2019. Deepak Agrawal is the Current Fund Manager of Kotak Floating Rate Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹4,226 Cr and the Latest NAV as of 27 Jan 2021 is ₹1158.92.

The Kotak Floating Rate Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.

Investment Objective

The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.

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
Nil
Exit Load

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About Kotak Mahindra Mutual Fund

Address
27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai 400051
Phone
022 - 66384444
Launch Date
23 Jun 1998
Kotak Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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