Kotak Savings Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV: ₹ 38.5 as on 30-05-2023
Fund Performance
671 people have invested ₹ 62.7L in Kotak Savings Fund Direct Growth in the last three months
Fund Insights
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%
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
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
Over the last 6 months, Kotak Savings Fund Direct Growth has increased expense ratio by 2.8% moving from 0.36 to 0.37
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%
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
 | 0.37% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹12181 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 351.81% |
Fund Distribution as on (30-Apr-23)
Credit rating breakup
AAA
89%
AA
11%
Sector Allocation
Government
40.3%
Corporate
37%
Cash Equivalent
22.7%
Top Holdings of Kotak Savings Fund Direct Growth as on (30-Apr-23)
Debt Holdings77
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Limited | 7.72% | -12.1% | |
Canara Bank | 5.39% | -16% | |
182 DTB 16032023 | 4.13% | -80% | |
182 DTB 01062023 | 4.07% | 0% | |
182 DTB 09032023 | 3.64% | 0% |
See all
Kotak Savings Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- 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
- 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
Peer Analysis
Kotak Savings Fund Direct Growth Fund Manager
Vihag Mishra
Fund Manager of Kotak Savings Fund Direct Growth, since 30 April 2022
Top funds managed
Manu Sharma
Fund Manager of Kotak Savings Fund Direct Growth, since 1 November 2022
Top funds managed
Deepak Agrawal
Fund Manager of Kotak Savings Fund Direct Growth, since 15 April 2008
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
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
This fund has AUM of ₹12181 Cr which is more than its category average of ₹ 2988 Cr
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%