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Home>Mutual Funds>Kotak Mahindra Mutual Fund>Kotak Floating Rate Fund Direct Growth

Kotak Floating Rate Fund Direct Growth

Debt
Floater
Low to Moderate Risk
6.48%
3Y annualised
-0.03% 1D
1M
6M
1Y
3Y
All
NAV: 24 Jun 2022₹1,217.93
Min. SIP amount₹1,000
RatingNA
Fund size₹6,258.50Cr

Returns and rankings

Category: Debt Floater
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA2.9%6.5%6.5%
Category averageNA5.3%7.6%NA
Rank with in categoryNA83NA
Understand terms

Holdings (59)

NameSectorInstrumentAssets
GOI
SovereignGOI FRB11.8%
Housing Development Finance Corpn. Ltd.FinancialDebenture7.2%
Power Finance Corporation Ltd.FinancialFRD5.7%
Jamnagar Utilities and Power Pvt. Ltd.Capital GoodsDebenture3.0%
Gujarat State
OthersSDL2.4%
REC Ltd.FinancialNCD2.3%
REC Ltd.FinancialBonds/NCD2.2%
ONGC Petro Additions Ltd.EnergyNCD2.2%
Indian Bank
FinancialAdditional Tier 2 Bo2.1%
Citi Corp Finance Ltd
FinancialDebenture2.1%
See All

Pros and cons

Category: Debt Floater

Pros

Cons

Exit load is zero
Consistently lower annualised returns than category average for the past 1Y and 3Y
Lower expense ratio: 0.22%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

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
Amc Image
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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FAQs

How to Invest in Kotak Floating Rate Fund Direct Growth?

You can easily invest in Kotak Floating Rate Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Kotak Floating Rate Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Kotak Floating Rate Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Kotak Floating Rate Fund Direct Growth provide?

The Kotak Floating Rate Fund Direct Growth has been there from 14 May 2019 and the average annual returns provided by this fund is 2.94% since its inception.

How much expense ratio is charged by Kotak Floating Rate Fund Direct Growth?

The term Expense Ratio used for Kotak Floating Rate Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Kotak Floating Rate Fund Direct Growth is 0.22% as of 27 Jun 2022...

What is the AUM of Kotak Floating Rate Fund Direct Growth?

The AUM, short for Assets Under Management of Kotak Floating Rate Fund Direct Growth is ₹6,258.50Cr as of 27 Jun 2022.

How to Redeem Kotak Floating Rate Fund Direct Growth?

If you want to sell your Kotak Floating Rate Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Kotak Floating Rate Fund Direct Growth?

You can select either SIP or Lumpsum investment of Kotak Floating Rate Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Kotak Floating Rate Fund Direct Growth?

The NAV of Kotak Floating Rate Fund Direct Growth is ₹1,217.93 as of 24 Jun 2022.

What is the PE and PB ratio of Kotak Floating Rate Fund Direct Growth?

The PE ratio ratio of Kotak Floating Rate Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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