Kotak Banking and PSU Debt Direct Growth

Kotak Banking and PSU Debt Direct Growth

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Debt
Direct
Banking & Psu
NAV: ₹ 60.8 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
191 people have invested ₹ 17.1L in Kotak Banking and PSU Debt Direct Growth in the last three months

Mutual Fund Insights

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Over the last 15 months, this fund has increased expense ratio by 2.8% moving from 0.36 to 0.37.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.35% return, outperforming this fund by 1.46% per annum.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.55%.
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In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 8.06% return, outperforming this fund by 0.08%.
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In the last 5 years, Nippon India Banking & PSU Debt Fund Direct Growth has given 7.56% return, outperforming this fund by 0.04% per annum.

About the Kotak Banking and PSU Debt Direct Growth

Kotak Banking and PSU Debt Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Deepak Agrawal, Abhishek Bisen. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Banking and PSU Debt Direct Growth has ₹5990 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.

Kotak Banking and PSU Debt Direct Growth Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹5990 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
166.09%

Kotak Banking and PSU Debt Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
93.3%
AA
6.7%
Sector Allocation

Jan'24

Dec'23

Nov'23

Government
52.5%
Corporate
43.9%
Cash Equivalent
3.5%

Top Holdings of Kotak Banking and PSU Debt Direct Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings60
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
11.25%
-99.2%
8.25% Govt Stock 2033
8.25% Govt Stock 2033
6.6%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.85%
100%
HDFC Bank Limited
HDFC Bank Limited
3.91%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
3.36%
0%

Kotak Banking and PSU Debt Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 6K Cr
₹ 6K Cr
₹ 6K Cr
  • AUM of the fund stands at 6K Cr as of Jan'24
  • AUM increased by 31.2 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Kotak Banking and PSU Debt Direct Growth Fund Manager

Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Banking and PSU Debt Direct Growth, since 15 April 2008
Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Banking and PSU Debt Direct Growth, since 1 November 2022

Kotak Banking and PSU Debt Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 8.18% since inception which is more than its category average return of 5.45%
AUM size ₹5990 Cr

AUM size ₹5990 Cr

This fund has AUM of ₹5990 Cr which is more than its category average of ₹ 3664 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% 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 Growth is ₹60.82 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Kotak Banking and PSU Debt Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.88%
0.88%
6 Month Returns
3.88%
3.88%
1 Year Returns
7.99%
7.99%
3 Years Returns
18.76%
5.9%
5 Years Returns
43.75%
7.53%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.37% as on January 2024
₹5990 Cr as on January 2024
7.18% Govt Stock 2033(11.25%), 8.25% Govt Stock 2033(6.6%), National Bank For Agriculture And Rural Development(5.85%), HDFC Bank Limited(3.91%), Power Grid Corporation Of India Limited(3.36%) as on January 2024
Government(52.21%), Corporate(44.92%), Cash Equivalent(2.87%) as on January 2024
Yield to Maturity is 7.92 as on January 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 3.63 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
93.32
AA
6.68
Deepak Agrawal, Abhishek Bisen are the fund managers of Kotak Banking and PSU Debt Direct Growth
The Exit load of Kotak Banking and PSU Debt Direct Growth is 0%