Kotak Bond Short Term Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
15.100.01%
- IDCW - Direct
(Earn upto 1.27% Extra Returns with Direct Plan)
Fund Category:
Debt: Short Duration
Expense Ratio:
0.37%(0.33% Category
average)Fund Size:
Rs. 15,079.54 Cr(14.28% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak Bond Short Term Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
15.100.01%
Expense Ratio:
0.37%
Fund Size:
Rs. 15,079.54 Cr
Fund Category:
Debt: Short Duration
1. Current NAV: The Current Net Asset Value of the Kotak Bond - Short Term Fund - Direct Plan as of Aug 29, 2024 is Rs 15.10 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.21% (1yr), 6.08% (3yr), 6.93% (5yr) and 8.04% (since launch). Whereas, Category returns for the same time duration are: 7.36% (1yr), 5.75% (3yr) and 6.2% (5yr).
3. Fund Size: The Kotak Bond - Short Term Fund - Direct Plan currently holds Assets under Management worth of Rs 15079.54 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.37% for Direct plan as on Aug 04, 2024.
5. Exit Load: Kotak Bond - Short Term Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25% if redeemed within 30 days"
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Bond Short Term Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.74 2.38 4.34 8.20 6.08 6.94 Category Avg 0.65 2.10 3.82 7.35 5.75 6.21 Rank within Category 2 3 2 6 10 9 No. of funds within Category 25 25 25 25 23 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkHDFC Short Term Debt Direct-IDCW
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Kotak Bond Short Term Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Sep 28, 2015 |
Benchmark | NIFTY Short Duration Debt Index B-II |
Return Since Launch | 8.04% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
Kotak Bond Short Term Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit load of 0.25% if redeemed within 30 days |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.95 | 3.2165 | 1.87 | 2.7528 |
Average Maturity(Yrs) | 5.23 | 5.315 | 2.2901 | 3.6988 |
Yield to Maturity(%) | 7.59 | 7.96 | 7.07 | 7.5228 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 42.70 | 38.17 |
Low Risk | 53.74 | 56.71 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 3.56 | 5.12 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 41.92 | 32.07 |
CD | 0.17 | 1.83 |
T-Bills | - | - |
CP | - | 0.31 |
NCD & Bonds | 51.55 | 53.77 |
PTC | 1.53 | 0.63 |
Cash & Others | 4.17 | 11.14 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 16,522.15 | 10.96 | - |
GOI | Long-term Debt | Sovereign | SOV | 16,345.79 | 10.84 | 15,90,98,621 |
GOI | Long-term Debt | Sovereign | SOV | 10,469.45 | 6.94 | - |
7.5% National Bank For Agriculture & Rural Development | Long-term Debt | Financial | AAA | 7,726.03 | 5.12 | 77,500 |
GOI | Long-term Debt | Sovereign | SOV | 7,430.97 | 4.93 | - |
GOI | Long-term Debt | Sovereign | SOV | 5,314.82 | 3.52 | - |
7.75% LIC Housing Finance Ltd 23/11/2027 | Long-term Debt | Financial | AAA | 4,989.10 | 3.31 | 5,000 |
7.67% LIC Housing Finance Ltd 15/04/2033 | Long-term Debt | Financial | AAA | 4,710.73 | 3.12 | 4,700 |
National Bank For Agriculture & Rural Development | Long-term Debt | Financial | AAA | 4,517.65 | 3.00 | - |
7.69% HDFC Bank Ltd 27/01/2033 | Long-term Debt | Financial | AAA | 3,806.27 | 2.52 | 38,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Bond Short Term Fund Direct-IDCW 15.10 15,079.54 0.73 8.15 6.05 6.94 Aditya Birla Sun Life Short Term Direct Fund Direct-IDCW 10.81 8,019.38 0.71 8.14 6.48 7.37 HDFC Short Term Debt Fund Direct Plan-IDCW 18.22 13,653.76 0.73 8.16 6.19 7.19 Axis Short Term Direct Fund-IDCW 19.13 8,413.57 0.71 8.08 6.23 7.08 Nippon India Short Term Fund Direct-IDCW 21.62 6,213.47 0.72 8.14 6.19 7.14
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
1.15VS1.70Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
2.04VS1.86Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.34VS0.31Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.19VS0.04Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
4.56VS4.54Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.93VS6.28Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- D.A.Deepak AgrawalSince Jan 201310 schemes
- A.B.Abhishek BisenSince Nov 202233 schemes
Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Medium Term Fund Direct-IDCW Medium Duration 23.33 1,663.28 9.82 Kotak Dynamic Bond Fund Direct-IDCW Dynamic Bond 13.41 2,599.58 10.19 Kotak Floating Rate Fund Direct-IDCW Floater 1,252.53 4,176.26 8.23 Kotak Low Duration Fund Direct Standard-IDCW Low Duration 1,446.87 9,670.30 7.77 Kotak Credit Risk Fund Direct-IDCW Credit Risk 23.31 783.04 9.73 Kotak FMP Series 308 - 1125 Days Direct - IDCW FMP 11.16 Unrated 90.84 8.07 Kotak FMP Series 305 - 1200 Days Direct - IDCW FMP 11.25 Unrated 32.78 7.84 Kotak FMP Series 304 - 3119 Days Direct - IDCW FMP 11.58 Unrated 106.12 9.62 Kotak FMP Series 300 - 1223 Days Direct - IDCW FMP 11.30 Unrated 234.50 7.96 Kotak FMP Series 292 - 1735 Days Direct - IDCW FMP 11.88 Unrated 430.93 8.04 Mr. Bisen is a BA and MBA in Finance. Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Equity Arbitrage Fund Direct-Growth | 46,307.74 | 0.72 | 2.21 | 4.58 | 8.74 | 6.56 | |
Kotak Emerging Equity Fund Direct-Growth | 45,017.71 | 10.40 | 27.24 | 28.06 | 53.45 | 27.58 | |
Kotak Liquid Direct - Growth | 31,894.31 | 0.62 | 1.87 | 3.76 | 7.35 | 5.77 | |
Kotak Equity Opportunities Fund Direct-Growth | 22,329.12 | 6.76 | 20.03 | 26.60 | 48.80 | 25.47 | |
Kotak Money Market Fund Direct-Growth | 20,244.60 | 0.64 | 1.95 | 3.96 | 7.56 | 6.05 | |
Kotak Balanced Advantage Fund Direct - Growth | 15,830.08 | 3.61 | 7.82 | 10.86 | 21.43 | 12.95 | |
Kotak Small Cap Fund Direct-Growth | 15,282.62 | 8.97 | 24.94 | 21.90 | 46.11 | 25.65 | |
Kotak Bond Short Term Fund Direct-Growth | 14,949.40 | 0.74 | 1.99 | 4.05 | 7.48 | 5.86 | |
Kotak Savings Fund Direct-Growth | 12,840.69 | 0.64 | 1.93 | 3.87 | 7.40 | 5.94 | |
Kotak Corporate Bond Fund Direct-Growth | 12,541.10 | 0.70 | 1.97 | 4.05 | 7.45 | 5.87 |
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1. Kotak Bond - Short Term Fund - Direct Plan is Open-ended Short Duration Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Sep 28, 2015.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. "
2. It is benchmarked against NIFTY Short Duration Debt Index B-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Bond - Short Term Fund - Direct Plan is 5.23 years and Duration is 2.9471 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Bond Short Term Fund Direct-IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Kotak Bond Short Term Fund Direct-IDCW
- Is it safe to invest in Kotak Bond - Short Term Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Bond - Short Term Fund - Direct Plan comes under Moderate risk category.
- What is the category of Kotak Bond - Short Term Fund - Direct Plan?Kotak Bond - Short Term Fund - Direct Plan belongs to the Debt : Short Duration category of funds.
- How Long should I Invest in Kotak Bond - Short Term Fund - Direct Plan?The suggested investment horizon of investing into Kotak Bond - Short Term Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Bond - Short Term Fund - Direct Plan?The Kotak Bond - Short Term Fund - Direct Plan is managed by Deepak Agrawal (Since Jan 01, 2013) and Abhishek Bisen (Since Nov 01, 2022).
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