|Min SIP Amount||₹1000|
|NAV||₹1175.19 (12 May 2021)|
|Fund Started||14 May 2019|
|Fund Size||₹4,204 Cr|
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.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.