Kotak Medium Term Fund Direct Growth

Kotak Medium Term Fund Direct Growth

Debt

Direct

Medium Duration

NAV as on 06-12-2024

₹ 23.96

-0.1%

1D

Inception Returns

8.5%

/yr

About Kotak Medium Term Fund Direct Growth

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 ₹1831 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 8.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.06%, 7.08% and 7.37% respectively.

Holdings

Kotak Medium Term Fund Direct Growth has allocated its funds majorly in Real Estate, Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.18% Govt Stock 2033, TATA Steel Limited, Pipeline Infrastructure Private Limited, PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST)** SO

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.

Historical NAV & Returns

Annualised

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

Kotak Medium Term Fund Direct Growth Overview

Expense ratio0.67%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹1831 Cr
Inception Date25 March, 2014
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
164.62%
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
Moderately High risk

Trailing Returns

as on (06-Dec-24)

Period
Kotak Medium Term Fund Direct Growth
Medium Duration Index
1M
0.6%
0.8%
3M
2.4%
1.9%
6M
5.3%
4.3%
1Y
11.1%
8.5%
3Y
7.1%
6.2%
5Y
7.4%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Equity 5.7%

  • Debt & Cash 92.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Real Estate
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.8K Cr
₹ 1.7K Cr
₹ 1.7K Cr
  • AUM of the fund stands at 1.8K Cr as of Oct'24
  • AUM increased by 186.1 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 3.1% to 2.4%
Cash allocation has gone down from 3.1% to 2.4%
Debt allocation has gone up from 88.7% to 90.2%
Debt allocation has gone up from 88.7% to 90.2%

Top 3 Sectors in October were Real Estate, Corporate & Government

Oct'24
Real Estate
100%
Corporate
69%
Government
29%
Sep'24
Real Estate
100%
Corporate
69%
Government
28%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
11.79%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
9.64%
0%
TATA Steel Limited
TATA Steel Limited
4.12%
0%
Pipeline Infrastructure Private Limited
Pipeline Infrastructure Private Limited
3.5%
0%
PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST)** SO
PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST)** SO
3.29%
0%
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Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Medium Term Fund Direct Growth, since 25 March 2014
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
Over the last 3 months, this fund has experienced a 7.2% growth in AUM moving from 1.70K Cr to 1.83K Cr.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 11.7% moving from 0.60 to 0.67.
Insights icon
In the last 1 year, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 11.92% return, outperforming this fund by 0.94%.
Insights icon
In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 12.15% return, outperforming this fund by 4.77% per annum.
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This fund has one of the lowest expense ratio in the category (medium duration). Its expense ratio is 0.67% which is lower than the category average expense ratio of 0.87%.
Insights icon
In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 14.6% return, outperforming this fund by 7.48% per annum.

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 8.47% since inception which is more than its category average return of 4.69%
Fund Allocations

Fund Allocations

This fund has an allocation of 5.68% in Equity, 90.25% in Debt and 2.4% in Cash related instruments
AUM size ₹1831 Cr

AUM size ₹1831 Cr

This fund has AUM of ₹1831 Cr which is more than its category average of ₹ 1493 Cr
Expense Ratio 0.67%

Expense Ratio 0.67%

This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 0.95%

Frequently Asked Questions for Kotak Medium Term Fund Direct Growth

The current NAV of Kotak Medium Term Fund Direct Growth is ₹23.96 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Kotak Medium Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.59%
0.59%
6 Month Returns
5.35%
5.35%
1 Year Returns
11.06%
11.06%
3 Years Returns
22.78%
7.08%
5 Years Returns
42.69%
7.37%
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.
0.67% as on November 2024
₹1831 Cr as on November 2024
7.1% Govt Stock 2034(11.79%), 7.18% Govt Stock 2033(9.64%), TATA Steel Limited(4.12%), Pipeline Infrastructure Private Limited(3.5%), PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST)** SO(3.29%) as on November 2024
Corporate(61.54%), Government(29.96%), Cash Equivalent(2.83%) as on November 2024
Yield to Maturity is 8.18 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 3.32 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
56.97
AA
35.78
A
7.25
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%