Kotak Savings Fund Direct Growth

Debt
Direct
Ultra Short Duration
Kotak Savings Fund Direct Growth

About the Fund

Kotak Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Savings Fund Direct Growth has ₹12841 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Kotak Savings Fund Direct Growth has given a CAGR return of 7.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.42%, 5.92% and 5.99% respectively.

Holdings

Kotak Savings Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Consumer Cyclical, Government. Its top holdings are National Housing Bank, Bank Of Baroda, Rural Electrification Corporation Limited, HDFC Bank Limited, National Bank for Agriculture and Rural Development

Taxation

As it is a ultra short 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 Savings Fund Direct Growth

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. 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 Savings Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
357 people have invested ₹ 80.1L in Kotak Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.36%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹12841 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
320.75%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
90.6%

AA
9.4%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
54.8%
Cash Equivalent
31.2%
Government
14%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
National Housing Bank
National Housing Bank
6.85%
-10%
Bank Of Baroda
Bank Of Baroda
3.79%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
3.57%
0%
HDFC Bank Limited
HDFC Bank Limited
3%
0%
National Bank for Agriculture and Rural Development
National Bank for Agriculture and Rural Development
2.94%
0%

Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Savings Fund Direct Growth, since 15 April 2008

Mutual Fund Insights

Insights icon
In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.55% return, outperforming this fund by 0.56% per annum.
Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.72% return, outperforming this fund by 0.3%.
Insights icon
Over the last 1 month, this fund has experienced a 4.0% drop in AUM moving from 13.37K Cr to 12.84K Cr.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.27% return, outperforming this fund by 1.35% per annum.
Insights icon
Over the last 1 month, this fund has decreased expense ratio by 2.7% moving from 0.37 to 0.36.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.56%.

Kotak Savings 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 7.43% since inception which is more than its category average return of 7.17%
AUM size ₹12841 Cr

AUM size ₹12841 Cr

This fund has AUM of ₹12841 Cr which is more than its category average of ₹ 3090 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.63%

Frequently Asked Questions

The current NAV of Kotak Savings Fund Direct Growth is ₹41.53 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Kotak Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.62%
0.62%
6 Month Returns
3.87%
3.87%
1 Year Returns
7.42%
7.42%
3 Years Returns
18.82%
5.92%
5 Years Returns
33.78%
5.99%
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.
0.36% as on May 2024
₹12841 Cr as on May 2024
National Housing Bank(6.85%), Bank Of Baroda(3.79%), Rural Electrification Corporation Limited(3.57%), HDFC Bank Limited(3%), National Bank for Agriculture and Rural Development(2.94%) as on May 2024
Corporate(54.82%), Cash Equivalent(31.15%), Government(14.03%) as on May 2024
Yield to Maturity is 7.73 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 0.5 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
90.6
AA
9.4
Deepak Agrawal is the fund manager of Kotak Savings Fund Direct Growth
The Exit load of Kotak Savings Fund Direct Growth is 0%