Kotak Savings Fund Direct Growth
Kotak Savings Fund Direct Growth

Kotak Savings Fund Direct Growth

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Debt
Direct
Ultra Short Duration

NAV: ₹ 38.5 as on 30-05-2023

Fund Performance
zero opening, trading, fund transfer fee
671 people have invested ₹ 62.7L in Kotak Savings Fund Direct Growth in the last three months

Fund Insights

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In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.92% return, outperforming Kotak Savings Fund Direct Growth by 0.34%

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In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.88% return, outperforming Kotak Savings Fund Direct Growth by 1.94% per annum

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In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.82% return, outperforming Kotak Savings Fund Direct Growth by 0.59% per annum

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Over the last 6 months, Kotak Savings Fund Direct Growth has increased expense ratio by 2.8% moving from 0.36 to 0.37

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Kotak Savings Fund Direct Growth has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.55%

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Over the last 1 month, Kotak Savings Fund Direct Growth has experienced a 26.1% growth in AUM moving from 9.66K Cr to 12.18K Cr

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 Vihag Mishra, Manu Sharma, Deepak Agrawal. This fund is suitable to keep your money safe.

Key parameters

1) Kotak Savings Fund Direct Growth has a NAV of 38.5482 as on 30-05-2023.

2) Kotak Savings Fund Direct Growth has 12181 Cr worth of assets under management (AUM) as on 31-03-2023 and is more than category average.

3) The fund has an expense ratio 0.37 %.

Kotak Savings Fund Direct Growth Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹12181 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
351.81%

Fund Distribution as on (30-Apr-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
89%
AA
11%

Sector Allocation

Apr'23

Mar'23

Feb'23

Government

40.3%

Corporate

37%

Cash Equivalent

22.7%

Top Holdings of Kotak Savings Fund Direct Growth as on (30-Apr-23)

  • Debt & Cash

Debt Holdings77
Holdings
Weight%
1M Change
Axis Bank Limited
Axis Bank Limited
7.72%
-12.1%
Canara Bank
Canara Bank
5.39%
-16%
182 DTB 16032023
182 DTB 16032023
4.13%
-80%
182 DTB 01062023
182 DTB 01062023
4.07%
0%
182 DTB 09032023
182 DTB 09032023
3.64%
0%

Kotak Savings Fund Direct Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
0.52%
0.52%
0.52%
Ultra Short Duration Index
0.42%
0.42%
0.42%
  • This fund’s returns stands at 0.52% whereas the fund’s underlying benchmark Ultra Short Duration Index returns stands at 0.42% as on Apr'23
  • This fund outperformed Ultra Short Duration Index by 0.10% in Apr'23

AUM Change

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 10.6K Cr
₹ 9.7K Cr
₹ 12.3K Cr
  • AUM of the fund stands at 10.6K Cr as of Apr'23
  • AUM increased by 945.8 Cr between Apr'23 and Mar'23

Fund Portfolio Changes

Kotak Savings Fund Direct Growth Fund Manager

Vihag Mishra

Vihag Mishra

Fund Manager of Kotak Savings Fund Direct Growth, since 30 April 2022
Manu Sharma

Manu Sharma

Fund Manager of Kotak Savings Fund Direct Growth, since 1 November 2022
Deepak Agrawal

Deepak Agrawal

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

Fund Highlights

Risk meter
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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 7.43% since inception which is more than its category average return of 7.13%
AUM size ₹12181 Cr

AUM size ₹12181 Cr

This fund has AUM of ₹12181 Cr which is more than its category average of ₹ 2988 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% 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 ₹38.55 as on 30-May-2023.
Existing (Absolute + CAGR) as on 30-May-2023.
Kotak Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
3.68%
3.68%
1 Year Returns
6.56%
6.56%
3 Years Returns
15.58%
4.94%
5 Years Returns
35.18%
6.21%
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.
0.37% as on April 2023
₹12181 Cr as on April 2023
Axis Bank Limited(7.72%), Canara Bank(5.39%), 182 DTB 16032023(4.13%), 182 DTB 01062023(4.07%), 182 DTB 09032023(3.64%) as on April 2023
Government(37.68%), Corporate(37.01%), Cash Equivalent(25.31%) as on April 2023
Yield to Maturity is 7.54 as on April 2023. 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 0.57 as on April 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.96
AA
11.04
Vihag Mishra, Manu Sharma, Deepak Agrawal are the fund managers of Kotak Savings Fund Direct Growth
The Exit load of Kotak Savings Fund Direct Growth is 0%