Kotak Floating Rate Fund Direct Growth

Debt
Floater
Low to Moderate Risk
6.37%
3Y annualised
+0.05% 1D
1M
6M
1Y
3Y
All
NAV: 07 Feb 2023₹1,269.59
Min. SIP amount₹1,000
Rating2
Fund size₹5,308.09Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Floater
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA4.4%6.4%6.6%
Category averageNA4.5%5.4%NA
Rank with in categoryNA111NA
Understand terms

Holdings (44)

NameSectorInstrumentAssets
GOI
SovereignGOI FRB16.5%
Housing Development Finance Corporation Ltd.FinancialDebenture9.4%
Power Finance Corporation Ltd.FinancialFRD7.4%
Canara Bank
FinancialCD4.7%
Jamnagar Utilities and Power Pvt. Ltd.Capital GoodsDebenture3.7%
National Bank For Agriculture & Rural DevelopmentFinancialNCD3.2%
REC Ltd.FinancialNCD3.0%
REC Ltd.FinancialBonds/NCD2.8%
Canara Bank
FinancialAdditional Tier 2 Bo2.8%
ONGC Petro Additions Ltd.EnergyNCD2.8%
See All

Pros and cons

Category: Debt Floater

Pros

Cons

Exit load is zero
1Y annualised returns lower than category average by 0.13%
Lower expense ratio: 0.22%
Low rating: 2
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
3Y annualised returns higher than category average by 1.01%
Higher alpha: 4.36 The fund has generated returns higher than benchmark - NIFTY Short Duration Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.22%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Deepak Agrawal
May 2019 - Present
View details

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.
Also manages these schemes

Vihag Mishra
Nov 2021 - Present
View details

Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
27 BKC, C-27, G Block,Bandra Kurla Complex,Bandra (E) Mumbai 400051
Phone
022-61152100 / 1800-22-2626
Launch Date
05 Aug 1994
Website
NA
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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