Kotak Bond Fund Direct Growth

Kotak Bond Fund Direct Growth

Debt

Direct

Medium To Long Duration

NAV as on 12-12-2024

₹ 82.33

Inception Returns

7.9%

/yr

About Kotak Bond Fund Direct Growth

Kotak Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Abhishek Bisen. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Bond Fund Direct Growth has ₹2018 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Kotak Bond Fund Direct Growth has given a CAGR return of 7.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.36%, 6.59% and 7.68% respectively.

Holdings

Kotak Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2037, 7.32% Govt Stock 2030, 7.25% Govt Stock 2063, 7.02% Govt Stock 2031, Punjab National Bank

Taxation

As it is a medium to long duration 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 Bond Fund Direct Growth

The investment objective of the Scheme is to create a portfolio of debt instruments such as bonds, debentures, Government Securities and money market instruments, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. There is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
81 people have invested ₹ 32.3L in Kotak Bond Fund Direct Growth in the last three months

Kotak Bond Fund Direct Growth Overview

Expense ratio0.69%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹2018 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
209.69%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (12-Dec-24)

Period
Kotak Bond Fund Direct Growth
Medium to Long Duration Index
1M
0.7%
0.7%
3M
1.9%
1.6%
6M
4.8%
4.3%
1Y
10.4%
9.2%
3Y
6.6%
5.9%
5Y
7.7%
6.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 0.4%

  • Debt & Cash 99.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.2K Cr
₹ 2.2K Cr
₹ 2.2K Cr
  • AUM of the fund stands at 2.2K Cr as of Oct'24
  • AUM increased by 49.8 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 8.4% to 11.4%
Cash allocation has gone up from 8.4% to 11.4%
Debt allocation has gone down from 91% to 88%
Debt allocation has gone down from 91% to 88%

Top 3 Sectors in October were Financial Services, Government & Corporate

Oct'24
Financial Services
100%
Government
77%
Corporate
11%
Sep'24
Financial Services
100%
Government
81%
Corporate
16%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Bharat Highways InvIT Unit
Bharat Highways InvIT Unit
0.36%
0%
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Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Bond Fund Direct Growth, since 15 April 2008
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.8L Cr
as on 31-Oct-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com

Mutual Fund Insights

Insights icon
In the last 1 year, this fund has outperformed all funds in its category.
Insights icon
Over the last 1 month, this fund has experienced a 7.0% drop in AUM moving from 2.17K Cr to 2.01K Cr.
Insights icon
In the last 5 years, SBI Magnum Income Fund Direct Growth has given 7.82% return, outperforming this fund by 0.14% per annum.
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In the last 3 years, UTI Medium to Long Duration Fund Direct Plan Growth has given 8.54% return, outperforming this fund by 1.95% per annum.
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Over the last 1 year, this fund has increased expense ratio by 7.8% moving from 0.64 to 0.69.

Kotak Bond Fund 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 7.88% since inception which is more than its category average return of 5.75%
Fund Allocations

Fund Allocations

This fund has an allocation of 0.36% in Equity, 90.23% in Debt and 9.15% in Cash related instruments
AUM size ₹2018 Cr

AUM size ₹2018 Cr

This fund has AUM of ₹2018 Cr which is more than its category average of ₹ 973 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions for Kotak Bond Fund Direct Growth

The current NAV of Kotak Bond Fund Direct Growth is ₹82.33 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Kotak Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.69%
0.69%
6 Month Returns
4.84%
4.84%
1 Year Returns
10.36%
10.36%
3 Years Returns
21.1%
6.59%
5 Years Returns
44.78%
7.68%
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.
0.69% as on November 2024
₹2018 Cr as on November 2024
7.18% Govt Stock 2037(20.26%), 7.32% Govt Stock 2030(9.89%), 7.25% Govt Stock 2063(7.26%), 7.02% Govt Stock 2031(7.07%), Punjab National Bank(6.03%) as on November 2024
Government(77.95%), Corporate(12.52%), Cash Equivalent(9.18%) as on November 2024
Yield to Maturity is 7.04 as on November 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 6.02 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Abhishek Bisen is the fund manager of Kotak Bond Fund Direct Growth
The Exit load of Kotak Bond Fund Direct Growth is 0%