Fund Details
Kotak Floating Rate Fund Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.22% |
| NAV | ₹1175.19 (12 May 2021) |
|---|---|
| Fund Started | 14 May 2019 |
| Fund Size | ₹4,204 Cr |
Returns
Comparison
1. Lower expense ratio - 0.22%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
1. Age is less than 3 years
Fund Managers
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 ₹4,204 Cr and the Latest NAV as of 12 May 2021 is ₹1175.19.
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.
