Kotak Floating Rate Fund Direct Growth+0.10%

10.57%
1 Year Return
Debt
Floater
6M
1Y
All

Fund Details

Kotak Floating Rate Fund Direct Growth

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.23%
NAV1140.38 (19 Oct 2020)
Fund Started14 May 2019
Fund Size1,585 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Kotak Floating Rate Fund Direct Growth
10.6%
NA
NA
9.6%
Category Average
8.9%
7.8%
7.8%
-
Rank within category
2
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 10.6% annual returns

    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
    ONGC Petro Additions Ltd.EnergyNCD9.4%
    Power Finance Corpn. Ltd.FinancialNCD9.4%
    Jamnagar Utilities and Power Pvt. Ltd.EngineeringDebenture9.4%
    ICICI Bank Ltd.FinancialNCD9.2%
    Reliance Jio Infocomm Ltd.CommunicationDebenture7.1%
    REC Ltd.FinancialBonds/NCD6.8%
    Assam StateOthersSDL6.4%
    National Bank For Agriculture & Rural DevelopmentFinancialNCD6.4%
    Bank Of BarodaFinancialDebenture5.7%
    Axis Bank Ltd.FinancialDebenture5.3%
    See All

    Fund Managers

    addDeepak Agrawal
    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
    addArjun Khanna
    Education
    Mr. Khanna has done CFA, FRM, MMS(Finance) & B.E (Electronics)
    Experience
    Prior to joining Kotak Mahindra Mutual Fund, he was with Principal Mutual Fund and has also worked with Citibank.
    Funds Managed

    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 ₹1,585 Cr and the Latest NAV as of 19 Oct 2020 is ₹1140.38.

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

    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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