Kotak Medium Term Fund Direct Growth

Debt
Direct
Medium Duration
Kotak Medium Term Fund Direct Growth

About the Fund

Kotak Medium Term Fund Direct Growth is a debt fund. This fund was started on 25 March, 2014. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Medium Term Fund Direct Growth has ₹1658 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Kotak Medium Term Fund Direct Growth has given a CAGR return of 8.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.92%, 6.71% and 7.35% respectively.

Holdings

Kotak Medium Term Fund Direct Growth has allocated its funds majorly in Real Estate, Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, HDFC Bank Limited, TATA Steel Limited, India Grid Trust 0.0788%, Pipeline Infrastructure Ltd. 0.0796%

Taxation

As it is a medium 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 Medium Term Fund Direct Growth

The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. 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 Medium Term Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
43 people have invested ₹ 5.2L in Kotak Medium Term Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.66%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹1658 Cr
Inception Date25 March, 2014
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
87.92%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (31-Dec-69)

  • Equity 5.8%

  • Debt & Cash 92.5%

Sector Allocation

Jun'24

May'24

Apr'24

Real Estate
100%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
15.36%
-1.9%
HDFC Bank Limited
HDFC Bank Limited
4.59%
0%
TATA Steel Limited
TATA Steel Limited
4.5%
0%
India Grid Trust 0.0788%
India Grid Trust 0.0788%
3.94%
0%
Pipeline Infrastructure Ltd. 0.0796%
Pipeline Infrastructure Ltd. 0.0796%
3.82%
0%

Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Medium Term Fund Direct Growth, since 25 March 2014

Mutual Fund Insights

Insights icon
In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 13.49% return, outperforming this fund by 6.78% per annum.
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Over the last 1 year, this fund has increased expense ratio by 8.2% moving from 0.61 to 0.66.
Insights icon
This fund has one of the lowest expense ratio in the category (medium duration). Its expense ratio is 0.66% which is lower than the category average expense ratio of 0.83%.
Insights icon
In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 9.41% return, outperforming this fund by 2.06% per annum.
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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 5.0% drop in AUM moving from 1.74K Cr to 1.65K Cr.

Kotak Medium Term Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.38% since inception which is more than its category average return of 4.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 5.8% in Equity, 85.66% in Debt and 6.88% in Cash related instruments
AUM size ₹1658 Cr

AUM size ₹1658 Cr

This fund has AUM of ₹1658 Cr which is more than its category average of ₹ 1497 Cr
Expense Ratio 0.66%

Expense Ratio 0.66%

This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 0.94%

Frequently Asked Questions

The current NAV of Kotak Medium Term Fund Direct Growth is ₹22.99 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
Kotak Medium Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.68%
0.68%
6 Month Returns
4.69%
4.69%
1 Year Returns
8.92%
8.92%
3 Years Returns
21.51%
6.71%
5 Years Returns
42.58%
7.35%
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.
0.66% as on June 2024
₹1658 Cr as on June 2024
7.18% Govt Stock 2033(15.36%), HDFC Bank Limited(4.59%), TATA Steel Limited(4.5%), India Grid Trust 0.0788%(3.94%), Pipeline Infrastructure Ltd. 0.0796%(3.82%) as on June 2024
Corporate(65.39%), Government(21.81%), Cash Equivalent(7%) as on June 2024
Yield to Maturity is 8.44 as on June 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 3.67 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
54.57
AA
37.41
A
8.02
Deepak Agrawal is the fund manager of Kotak Medium Term Fund Direct Growth
The Exit load of Kotak Medium Term Fund Direct Growth is 0%