Kotak Bond Short Term Fund Direct Growth

Kotak Bond Short Term Fund Direct Growth

Debt

Direct

Short Duration

NAV as on 04-10-2024

₹ 53.84

-0.1%

1D

Inception Returns

8.1%

/yr

About the Fund

Kotak Bond Short Term Fund 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 Bond Short Term Fund Direct Growth has ₹16279 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 Bond Short Term Fund Direct Growth has given a CAGR return of 8.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.61%, 6.18% and 6.99% respectively.

Holdings

Kotak Bond Short Term Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Cash Equivalent, Securitize. Its top holdings are 7.18% Govt Stock 2033, 8.34% Govt Stock 2033, 7.32% Govt Stock 2030, National Bank For Agriculture And Rural Development, 7.1% Govt Stock 2034

Taxation

As it is a short 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 Short Term Fund Direct Growth

The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, 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 realised.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1124 people have invested ₹ 1.3Cr in Kotak Bond Short Term Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.37%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹16279 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
176.77%
STCGSelling 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 (04-Oct-24)

Period
Kotak Bond Short Term Fund Direct Growth
Short Duration Index
1M
0.8%
0.5%
3M
2.5%
1.9%
6M
4.4%
3.6%
1Y
8.6%
7.4%
3Y
6.2%
5.8%
5Y
7%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Government
53.1%
Corporate
42.1%
Cash Equivalent
4.2%
Securitize
0.7%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 16.1K Cr
₹ 15.1K Cr
₹ 15K Cr
  • AUM of the fund stands at 16.1K Cr as of Aug'24
  • AUM increased by 999.3 Cr between Aug'24 and Jul'24
Cash allocation has gone up from 3.1% to 4.2%
Cash allocation has gone up from 3.1% to 4.2%
Debt allocation has gone down from 96.6% to 95.5%
Debt allocation has gone down from 96.6% to 95.5%

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

Aug'24
Financial Services
100%
Government
53%
Corporate
42%
Jul'24
Financial Services
100%
Government
53%
Corporate
44%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
10.25%
0%
8.34% Govt Stock 2033
8.34% Govt Stock 2033
10.04%
0%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
10.01%
4.9%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.74%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
4.54%
-1.4%
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Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Bond Short Term Fund Direct Growth, since 14 April 2008
Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Bond Short Term Fund Direct Growth, since 1 November 2022
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.66L Cr
as on 31-Aug-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
Over the last 1 month, this fund has experienced a 4.8% growth in AUM moving from 15.53K Cr to 16.27K Cr.
Insights icon
In the last 1 year, Bandhan Bond Fund - Short Term Plan Direct Plan Growth has given 8.75% return, outperforming this fund by 0.15%.
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This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.7%.
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In the last 3 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 6.95% return, outperforming this fund by 0.77% per annum.
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In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 8.15% return, outperforming this fund by 1.16% per annum.
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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.

Kotak Bond Short Term 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 8.06% since inception which is more than its category average return of 5.82%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 3798 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 0.66%

Frequently Asked Questions

The current NAV of Kotak Bond Short Term Fund Direct Growth is ₹53.84 as on 04-Oct-2024.
Existing (Absolute + CAGR) as on 04-Oct-2024.
Kotak Bond Short Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
4.44%
4.44%
1 Year Returns
8.61%
8.61%
3 Years Returns
19.71%
6.18%
5 Years Returns
40.19%
6.99%
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.
0.37% as on September 2024
₹16279 Cr as on September 2024
7.18% Govt Stock 2033(10.25%), 8.34% Govt Stock 2033(10.04%), 7.32% Govt Stock 2030(10.01%), National Bank For Agriculture And Rural Development(4.74%), 7.1% Govt Stock 2034(4.54%) as on September 2024
Government(53.73%), Corporate(41.77%), Cash Equivalent(3.85%) as on September 2024
Yield to Maturity is 7.52 as on September 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 2.85 as on September 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Deepak Agrawal, Abhishek Bisen are the fund managers of Kotak Bond Short Term Fund Direct Growth
The Exit load of Kotak Bond Short Term Fund Direct Growth is 0%