Kotak Credit Risk Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
31.030.08%
- Growth - Direct
(Earn upto 0.92% Extra Returns with Direct Plan)
Fund Category:
Debt: Credit Risk
Expense Ratio:
0.79%(0.61% Category
average)Fund Size:
Rs. 783.04 Cr(3.52% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak Credit Risk Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
31.030.08%
Expense Ratio:
0.79%
Fund Size:
Rs. 783.04 Cr
Fund Category:
Debt: Credit Risk
1. Current NAV: The Current Net Asset Value of the Kotak Credit Risk Fund - Direct Plan as of Aug 29, 2024 is Rs 31.03 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 9.7% (1yr), 5.9% (3yr), 6.72% (5yr) and 8.26% (since launch). Whereas, Category returns for the same time duration are: 8.24% (1yr), 9.25% (3yr) and 6.3% (5yr).
3. Fund Size: The Kotak Credit Risk Fund - Direct Plan currently holds Assets under Management worth of Rs 783.04 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.79% for Direct plan as on Aug 21, 2024.
5. Exit Load: Kotak Credit Risk Fund - Direct Plan shall attract an Exit Load, "Exit load for units in excess of 6% of the investment,1% will be charged for redemption within 365 days"
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Credit Risk Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.95 2.81 4.75 9.73 5.92 6.74 Category Avg 0.69 2.12 3.89 8.27 9.25 6.32 Rank within Category 1 2 2 3 14 10 No. of funds within Category 14 14 14 14 14 14 - Loading...
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Return Comparison
- This Fund
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Kotak Credit Risk Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | CRISIL Credit Risk Debt B-II Index |
Return Since Launch | 8.27% |
Riskometer | High |
Type | Open-ended |
Risk Grade | High |
Return Grade | Below Average |
Kotak Credit Risk Fund Direct-Growth 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 for units in excess of 6% of the investment,1% will be charged for redemption within 365 days |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.17 | 3.56 | 0.45 | 2.127 |
Average Maturity(Yrs) | 2.82 | 15.58 | 0.53 | 2.9772 |
Yield to Maturity(%) | 8.6 | 9.0606 | 6.81 | 8.2097 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 9.54 | 17.08 |
Low Risk | 75.43 | 72.80 |
Moderate Risk | - | 0.20 |
High Risk | - | - |
Very High Risk | - | - |
Others | 15.03 | 9.64 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 9.54 | 16.88 |
CD | - | 2.22 |
T-Bills | - | - |
CP | - | 0.21 |
NCD & Bonds | 70.04 | 70.23 |
PTC | 5.39 | 0.53 |
Cash & Others | 15.03 | 9.49 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
7.18% GOI 14/08/2033 | Long-term Debt | Sovereign | SOV | 747.11 | 9.54 | 73,65,000 |
9.9% Tata Power Company Ltd 27/08/2028 | Long-term Debt | Energy | AA+ | 687.45 | 8.78 | 650 |
8.42% Godrej Industries Ltd 27/12/2027 | Long-term Debt | Consumer Staples | AA | 500.67 | 6.39 | 5,000 |
7.99% Tata Projects Ltd 06/10/2025 | Long-term Debt | Construction | AA | 498.33 | 6.36 | 5,000 |
Aadhar Housing Finance Ltd | Long-term Debt | Financial | AA | 448.39 | 5.73 | - |
Vajra Trust 0 | Long-term Debt | Others | AAA | 421.95 | 5.39 | 50 |
8.1% Century Textiles & Industries Ltd 25/04/2026 | Long-term Debt | Consumer Staples | AA | 419.98 | 5.36 | 4,200 |
11.75% Prestige Projects Private Ltd 05/03/2027 | Long-term Debt | Construction | A | 400.70 | 5.12 | 4,000 |
9.95% Indostar Capital Finance Ltd 07/08/2025 | Long-term Debt | Financial | AA- | 398.76 | 5.09 | 4,000 |
7.88% India Grid Trust 30/04/2029 | Long-term Debt | Capital Goods | AAA | 351.57 | 4.49 | 3,500 |
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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 Credit Risk Fund Direct-Growth 31.03 783.04 0.95 9.73 5.92 6.74 DSP Credit Risk Direct Plan-Growth 44.42 191.99 0.70 16.58 10.98 8.97 Baroda BNP Paribas Credit Risk Fund Direct-Growth 22.60 141.08 0.75 8.57 9.70 8.64 UTI Credit Risk Fund Direct-Growth 17.92 370.47 0.79 7.82 11.79 0.22 Nippon India Credit Risk Fund Direct-Growth 35.49 1,029.74 0.74 8.65 7.13 5.70
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
2.00VS7.44Fund 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
2.62VS0.16Fund 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.
Poor risk-adjusted returns
0.09VS0.83Fund 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
0.07VS0.00Fund 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
5.52VS5.25Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.71VS10.46Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- D.A.Deepak AgrawalSince Jan 201317 schemes
- S.G.Sunit GargSince Nov 20221 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.
Mr. Garg has done B.Com, CA and PGDBM (Finance). Prior to joining Kotak Mutual Fund, he has worked with FirstRand Bank, Barclays Bank Plc, ICICI Bank Limited and Export Import Bank of India.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Medium Term Fund Direct-Growth Medium Duration 23.33 1,663.28 9.82
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Flexicap Fund Direct-Growth | 45,111.78 | 3.68 | 8.16 | 13.28 | 35.09 | 16.30 | |
Kotak Emerging Equity Fund Direct-Growth | 39,738.35 | 1.37 | 4.99 | 10.17 | 36.91 | 22.31 | |
Kotak Equity Arbitrage Fund Direct-Growth | 39,099.34 | 0.69 | 2.36 | 4.17 | 8.47 | 6.32 | |
Kotak Liquid Direct - Growth | 36,627.65 | 0.60 | 1.84 | 3.60 | 7.26 | 5.38 | |
Kotak Equity Opportunities Fund Direct-Growth | 19,092.30 | 2.99 | 9.45 | 14.75 | 40.28 | 21.23 | |
Kotak Money Market Fund Direct-Growth | 16,489.06 | 0.74 | 1.94 | 3.69 | 7.72 | 5.69 | |
Kotak Balanced Advantage Fund Direct - Growth | 15,718.68 | 1.40 | 4.34 | 8.11 | 20.25 | 11.67 | |
Kotak Bond Short Term Fund Direct-Growth | 14,738.23 | 0.80 | 2.36 | 3.90 | 8.29 | 5.91 | |
Kotak Small Cap Fund Direct-Growth | 14,196.39 | -2.52 | 1.19 | 5.86 | 35.01 | 23.15 | |
Kotak Savings Fund Direct-Growth | 12,814.17 | 0.70 | 1.86 | 3.55 | 7.51 | 5.59 |
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1. Kotak Credit Risk Fund - Direct Plan is Open-ended Credit Risk Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities. "
2. It is benchmarked against CRISIL Credit Risk Debt B-II Index.
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 Credit Risk Fund - Direct Plan is 2.82 years and Duration is 2.1703 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 Credit Risk Fund Direct-Growth
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 Credit Risk Fund Direct-Growth
- Is it safe to invest in Kotak Credit Risk Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Credit Risk Fund - Direct Plan comes under High risk category.
- What is the category of Kotak Credit Risk Fund - Direct Plan?Kotak Credit Risk Fund - Direct Plan belongs to the Debt : Credit Risk category of funds.
- How Long should I Invest in Kotak Credit Risk Fund - Direct Plan?The suggested investment horizon of investing into Kotak Credit Risk 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 Credit Risk Fund - Direct Plan?The Kotak Credit Risk Fund - Direct Plan is managed by Deepak Agrawal (Since Jan 01, 2013) and Sunit Garg (Since Nov 01, 2022).
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