Kotak Floating Rate Fund Direct Growth

Debt
Direct
Floating Rate
Kotak Floating Rate Fund Direct Growth

About the Fund

Kotak Floating Rate Fund Direct Growth is a debt fund. This fund was started on 14 May, 2019. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Floating Rate Fund Direct Growth has ₹3801 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Kotak Floating Rate Fund Direct Growth has given a CAGR return of 6.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.86%, 5.87% and 6.93% respectively.

Holdings

Kotak Floating Rate Fund Direct Growth has allocated its funds majorly in Corporate, Government, Securitize, Cash Equivalent. Its top holdings are 8.34% Govt Stock 2033, HDFC Bank Limited, Small Industries Development Bank of India 0.0768%, LIC Housing Finance Ltd. 0.0784%, 8.12% Govt Stock 2031

Taxation

As it is a floating rate 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 Floating Rate Fund Direct Growth

The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, 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 Floating Rate Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
11 people have invested ₹ 33K in Kotak Floating Rate Fund Direct Growth in the last three months

Fund Overview

Expense ratio
Expense ratio
0.24%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹3801 Cr
Inception Date
Inception Date
14 May, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
38%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
91.9%

AA
8.1%

Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
56.6%
Government
36.1%
Securitize
5.2%
Cash Equivalent
2.1%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
8.34% Govt Stock 2033
8.34% Govt Stock 2033
23.74%
3.9%
HDFC Bank Limited
HDFC Bank Limited
10.5%
0%
Small Industries Development Bank of India 0.0768%
Small Industries Development Bank of India 0.0768%
6.57%
0%
LIC Housing Finance Ltd. 0.0784%
LIC Housing Finance Ltd. 0.0784%
5.25%
0%
8.12% Govt Stock 2031
8.12% Govt Stock 2031
4.44%
0%

Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Floating Rate Fund Direct Growth, since 14 May 2019

Kotak Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.96% since inception which is more than its category average return of 5.1%
AUM size ₹3801 Cr

AUM size ₹3801 Cr

This fund has AUM of ₹3801 Cr which is less than its category average of ₹ 4697 Cr
Expense Ratio 0.24%

Expense Ratio 0.24%

This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.56%

Frequently Asked Questions

The current NAV of Kotak Floating Rate Fund Direct Growth is ₹1408.55 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Kotak Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4%
4%
1 Year Returns
7.86%
7.86%
3 Years Returns
18.68%
5.87%
5 Years Returns
39.83%
6.93%
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.
0.24% as on May 2024
₹3801 Cr as on May 2024
8.34% Govt Stock 2033(23.74%), HDFC Bank Limited(10.5%), Small Industries Development Bank of India 0.0768%(6.57%), LIC Housing Finance Ltd. 0.0784%(5.25%), 8.12% Govt Stock 2031(4.44%) as on May 2024
Corporate(54.47%), Government(36.08%), Securitize(5.33%) as on May 2024
Yield to Maturity is 8.04 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 1.55 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
91.95
AA
8.05
Deepak Agrawal is the fund manager of Kotak Floating Rate Fund Direct Growth
The Exit load of Kotak Floating Rate Fund Direct Growth is 0%