Kotak Corporate Bond Fund Direct Growth

Kotak Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 05-12-2024

₹ 3749.96

Inception Returns

8%

/yr

About Kotak Corporate Bond Fund Direct Growth

Kotak Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 14 January, 2013. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Corporate Bond Fund Direct Growth has ₹14197 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Kotak Corporate Bond Fund Direct Growth has given a CAGR return of 8.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.13%, 6.59% and 6.80% respectively.

Holdings

Kotak Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.1% Govt Stock 2034, National Bank For Agriculture And Rural Development, Jamnagar Utilities & Power Private Limited, 7.53% Govt Stock 2034

Taxation

As it is a corporate bond 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 Corporate Bond Fund Direct Growth

The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund.There is no assurance 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 100.00 and for SIP is INR 100.00. Kotak Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1640 people have invested ₹ 76.4L in Kotak Corporate Bond Fund Direct Growth in the last three months

Kotak Corporate Bond Fund Direct Growth Overview

Expense ratio0.34%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹14197 Cr
Inception Date14 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
192.38%
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 (05-Dec-24)

Period
Kotak Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.8%
0.7%
3M
2.3%
1.9%
6M
4.9%
4.3%
1Y
9.1%
8.2%
3Y
6.6%
5.9%
5Y
6.8%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
99.7%

AA
0.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
55.9%
Government
41%
Cash Equivalent
3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 14.2K Cr
₹ 13.8K Cr
₹ 13.5K Cr
  • AUM of the fund stands at 14.2K Cr as of Oct'24
  • AUM increased by 316.3 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 3.1% to 3%
Cash allocation has gone down from 3.1% to 3%
Debt allocation has gone up from 96.7% to 96.7%
Debt allocation has gone up from 96.7% to 96.7%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
56%
Government
41%
Sep'24
Corporate
57%
Government
40%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
13.12%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
6.33%
-24.4%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.98%
0%
Jamnagar Utilities & Power Private Limited
Jamnagar Utilities & Power Private Limited
4.1%
4.4%
7.53% Govt Stock 2034
7.53% Govt Stock 2034
3.75%
0%
Loading...
We are taking more time than usual
Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Corporate Bond Fund Direct Growth, since 1 February 2015
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
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.5%.
Insights icon
Over the last 6 months, this fund has experienced a 16.0% growth in AUM moving from 12.23K Cr to 14.19K Cr.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.42% return, outperforming this fund by 0.29%.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.47% return, outperforming this fund by 0.66% per annum.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 3.0% moving from 0.33 to 0.34.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 7.03% return, outperforming this fund by 0.44% per annum.

Kotak Corporate 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 8.04% since inception which is more than its category average return of 5.72%
AUM size ₹14197 Cr

AUM size ₹14197 Cr

This fund has AUM of ₹14197 Cr which is more than its category average of ₹ 6833 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for Kotak Corporate Bond Fund Direct Growth

The current NAV of Kotak Corporate Bond Fund Direct Growth is ₹3749.96 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Kotak Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.8%
0.8%
6 Month Returns
4.85%
4.85%
1 Year Returns
9.13%
9.13%
3 Years Returns
21.1%
6.59%
5 Years Returns
38.96%
6.8%
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.
0.34% as on November 2024
₹14197 Cr as on November 2024
7.18% Govt Stock 2033(13.12%), 7.1% Govt Stock 2034(6.33%), National Bank For Agriculture And Rural Development(4.98%), Jamnagar Utilities & Power Private Limited(4.1%), 7.53% Govt Stock 2034(3.75%) as on November 2024
Corporate(56.14%), Government(40.43%), Cash Equivalent(3.43%) as on November 2024
Yield to Maturity is 7.43 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 3.27 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
99.65
AA
0.35
Deepak Agrawal is the fund manager of Kotak Corporate Bond Fund Direct Growth
The Exit load of Kotak Corporate Bond Fund Direct Growth is 0%