Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl

Debt
Direct
Banking & Psu
Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl

About the Fund

Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl is a debt fund. This fund was started on 21 August, 2013. The fund is managed by Abhishek Bisen, Deepak Agrawal. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl has ₹5968 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl has given a CAGR return of 7.05% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.84% and 6.67% respectively.

Holdings

Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2037, 7.18% Govt Stock 2033, National Bank For Agriculture And Rural Development, 8.34% Govt Stock 2033, HDFC Bank Limited

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl

To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.There is no assurance that or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.39%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5968 Cr
Inception Date21 August, 2013
Min Lumpsum/SIP--/--
Exit Load0%
Lock InNo Lock-in
TurnOver
166.09%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
98.3%

AA
1.7%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
49.7%
Government
46.7%
Cash Equivalent
3.5%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2037
7.18% Govt Stock 2037
9.98%
61.6%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
8.16%
-33.7%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
7.13%
21.4%
8.34% Govt Stock 2033
8.34% Govt Stock 2033
5.03%
0%
HDFC Bank Limited
HDFC Bank Limited
3.93%
0%

Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl, since 1 November 2022
Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl, since 15 April 2008

Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.05% since inception which is more than its category average return of 5.51%
AUM size ₹5968 Cr

AUM size ₹5968 Cr

This fund has AUM of ₹5968 Cr which is more than its category average of ₹ 3717 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl is ₹10.26 as on 15-Sep-2017.
Existing (Absolute + CAGR) as on 15-Sep-2017.
Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.25%
0.25%
6 Month Returns
3.52%
3.52%
1 Year Returns
6.84%
6.84%
3 Years Returns
21.39%
6.67%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.39% as on May 2024
₹5968 Cr as on May 2024
7.18% Govt Stock 2037(9.98%), 7.18% Govt Stock 2033(8.16%), National Bank For Agriculture And Rural Development(7.13%), 8.34% Govt Stock 2033(5.03%), HDFC Bank Limited(3.93%) as on May 2024
Corporate(49.74%), Government(46.73%), Cash Equivalent(3.53%) as on May 2024
Yield to Maturity is 7.68 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 4.21 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
98.31
AA
1.69
Abhishek Bisen, Deepak Agrawal are the fund managers of Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl
The Exit load of Kotak Banking and PSU Debt Direct Daily Reinvestment of Income Distribution cum Cap Wdrl is 0%