Kotak Corporate Bond Fund Direct Growth

Kotak Corporate Bond Fund Direct Growth

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Debt
Direct
Corporate Bond
NAV: ₹ 3587.42 as on 13-06-2024

About the Fund

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 ₹12541 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 7.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.40%, 5.80% and 6.87% 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, National Bank For Agriculture And Rural Development, 8.34% Govt Stock 2033, LIC Housing Finance Limited, Jamnagar Utilities & Power Private Limited

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.

Fund Performance
zero opening, trading, fund transfer fee
1722 people have invested ₹ 77.3L in Kotak Corporate Bond Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.34%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹12541 Cr
Inception Date
Inception Date
14 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
138.88%

Kotak Corporate Bond Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
56.4%
Government
40.3%
Cash Equivalent
3.4%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 12.1K Cr
₹ 11.6K Cr
₹ 11.4K Cr
  • AUM of the fund stands at 12.1K Cr as of Apr'24
  • AUM increased by 561 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Kotak Corporate Bond Fund Direct Growth as on (31-May-24)

  • Debt & Cash

Debt Holdings84
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
15.84%
397.5%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
6.79%
30.8%
8.34% Govt Stock 2033
8.34% Govt Stock 2033
6.68%
20.5%
LIC Housing Finance Limited
LIC Housing Finance Limited
3.62%
0%
Jamnagar Utilities & Power Private Limited
Jamnagar Utilities & Power Private Limited
3.24%
0%

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 0.49%.
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
Over the last 6 months, this fund has experienced a 17.7% growth in AUM moving from 10.65K Cr to 12.54K Cr.
Insights icon
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.76% return, outperforming this fund by 0.36%.
Insights icon
In the last 5 years, Axis Corporate Debt Fund Direct Growth has given 7.68% return, outperforming this fund by 0.81% per annum.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.25% return, outperforming this fund by 0.46% per annum.

Fund Manager

Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Corporate Bond Fund Direct Growth, since 1 February 2015

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 7.97% since inception which is more than its category average return of 5.47%
AUM size ₹12541 Cr

AUM size ₹12541 Cr

This fund has AUM of ₹12541 Cr which is more than its category average of ₹ 6121 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

The current NAV of Kotak Corporate Bond Fund Direct Growth is ₹3587.42 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Kotak Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
4.23%
4.23%
1 Year Returns
7.4%
7.4%
3 Years Returns
18.41%
5.8%
5 Years Returns
39.38%
6.87%
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 May 2024
₹12541 Cr as on May 2024
7.18% Govt Stock 2033(15.84%), National Bank For Agriculture And Rural Development(6.79%), 8.34% Govt Stock 2033(6.68%), LIC Housing Finance Limited(3.62%), Jamnagar Utilities & Power Private Limited(3.24%) as on May 2024
Corporate(57.43%), Government(40.1%), Cash Equivalent(2.48%) as on May 2024
Yield to Maturity is 7.74 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 3.5 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
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%