Kotak FMP Series 310 - 1131 Days Regular - Growth
NAV as of Aug 29, 2024
11.060.02%
- Growth - Regular
(Earn upto 0.25% Extra Returns with Direct Plan)
Fund Category:
Debt: FMP
Expense Ratio:
0.35%(0.29% Category
average)Fund Size:
Rs. 122.01 Cr(0.80% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak FMP Series 310 - 1131 Days Regular - Growth
NAV as of Aug 29, 2024
11.060.02%
Expense Ratio:
0.35%
Fund Size:
Rs. 122.01 Cr
Fund Category:
Debt: FMP
1. Current NAV: The Current Net Asset Value of the Kotak FMP Series 310 - 1131 Days - Regular Plan as of Aug 29, 2024 is Rs 11.06 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.69% (1yr) and 7.3% (since launch). Whereas, Category returns for the same time duration are: 7.97% (1yr), 5.74% (3yr) and 6.87% (5yr).
3. Fund Size: The Kotak FMP Series 310 - 1131 Days - Regular Plan currently holds Assets under Management worth of Rs 122.01 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.35% for Regular plan as on Aug 03, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 10. Minimum SIP investment is Rs 0.
Kotak FMP Series 310 - 1131 Days Regular - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.60 2.08 3.88 7.69 - - Category Avg 0.69 2.24 4.11 7.96 5.75 6.90 Rank within Category 61 56 60 57 - - No. of funds within Category 79 79 79 79 18 5 - Loading...
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Return Comparison
- This Fund
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Kotak FMP Series 310 - 1131 Days Regular - Growth Fund Details
Investment Objective - The scheme seeks to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Mar 27, 2023 |
Benchmark | NIFTY Medium Duration Index |
Return Since Launch | 7.3% |
Riskometer | Low to Moderate |
Type | Closed-end |
Risk Grade | - |
Return Grade | - |
Kotak FMP Series 310 - 1131 Days Regular - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 10.00 |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 1.62 | 7.141 | 0.6587 | 2.1592 |
Average Maturity(Yrs) | 1.68 | 7.3892 | 0.6973 | 2.2592 |
Yield to Maturity(%) | 6.98 | 8.5458 | 6.87 | 7.1242 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 99.03 | 84.40 |
Low Risk | - | 6.43 |
Moderate Risk | - | 0.12 |
High Risk | - | - |
Very High Risk | - | - |
Others | 0.97 | 9.05 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 99.03 | 39.45 |
CD | - | 0.22 |
T-Bills | - | 3.87 |
CP | - | 0.20 |
NCD & Bonds | - | 5.55 |
PTC | - | - |
Cash & Others | 0.97 | 50.70 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
12.04% GOI 12/04/2026 | Long-term Debt | Sovereign | SOV | 1,208.23 | 99.03 | 1,35,50,000 |
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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 FMP Series 310 - 1131 Days Regular - Growth 11.06 Unrated 122.01 0.58 7.65 - - SBI Fixed Maturity Plan - Series 55 (1849 Days) Regular - Growth 11.62 Unrated 239.20 0.69 8.10 - - SBI Fixed Maturity Plan - Series 64 (1169 Days) Regular - Growth 11.40 Unrated 380.47 0.63 7.51 - - UTI Quarterly Interval Fund - I Regular-Growth 32.22 Unrated 9.71 0.53 6.93 5.59 4.62 Kotak FMP Series 304 - 3119 Days Regular - Growth 11.58 Unrated 106.12 1.01 9.68 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- D.A.Deepak AgrawalSince Mar 202317 schemes
- M.S.Manu SharmaSince Mar 20239 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. Sharma has done M.Com and CA. He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Corporate Bond Fund Standard-Growth Corporate Bond 3,516.27 13,275.17 7.83 Kotak Money Market Fund Regular-Growth Money Market 4,214.69 24,036.35 7.56 Kotak Floating Rate Fund Regular - Growth Floater 1,409.31 4,176.26 7.79 Kotak Savings Fund Regular-Growth Ultra Short Duration 40.40 12,980.43 7.02 Kotak Low Duration Fund Standard-Growth Low Duration 3,142.54 9,670.30 6.95 Kotak FMP Series 308 - 1125 Days Regular - Growth FMP 11.11 Unrated 90.84 7.72 Kotak FMP Series 304 - 3119 Days Regular - Growth FMP 11.58 Unrated 106.12 9.59 Kotak FMP Series 300 - 1223 Days Regular - Growth FMP 11.28 Unrated 234.50 7.85 Kotak FMP Series 292 - 1735 Days Regular - Growth FMP 11.77 Unrated 430.93 7.72
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak FMP Series 292 - 1735 Days Regular - Growth | 424.46 | 0.66 | 1.84 | 3.74 | 6.89 | - | |
Kotak FMP Series 300 - 1223 Days Regular - Growth | 230.95 | 0.66 | 1.91 | 3.70 | 6.94 | - | |
Kotak FMP Series 310 - 1131 Days Regular - Growth | 120.17 | 0.64 | 1.88 | 3.62 | 6.79 | - | |
Kotak FMP Series 304 - 3119 Days Regular - Growth | 104.05 | 1.02 | 2.43 | 4.62 | 7.20 | - | |
Kotak FMP Series 308 - 1125 Days Regular - Growth | 89.46 | 0.65 | 1.94 | 3.76 | 7.16 | - | |
Kotak FMP Series 305 - 1200 Days Regular - Growth | 32.30 | 0.67 | 1.90 | 3.55 | 6.85 | - |
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1. Kotak FMP Series 310 - 1131 Days - Regular Plan is Closed-end FMP Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Mar 27, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. "
2. It is benchmarked against NIFTY Medium Duration 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 FMP Series 310 - 1131 Days - Regular Plan is 1.68 years and Duration is 1.6249 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 FMP Series 310 - 1131 Days Regular - 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.
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FAQs about Kotak FMP Series 310 - 1131 Days Regular - Growth
- Is it safe to invest in Kotak FMP Series 310 - 1131 Days - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak FMP Series 310 - 1131 Days - Regular Plan comes under Low to Moderate risk category.
- What is the category of Kotak FMP Series 310 - 1131 Days - Regular Plan?Kotak FMP Series 310 - 1131 Days - Regular Plan belongs to the Debt : FMP category of funds.
- How Long should I Invest in Kotak FMP Series 310 - 1131 Days - Regular Plan?The suggested investment horizon of investing into Kotak FMP Series 310 - 1131 Days - Regular 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 FMP Series 310 - 1131 Days - Regular Plan?The Kotak FMP Series 310 - 1131 Days - Regular Plan is managed by Deepak Agrawal (Since Mar 20, 2023) and Manu Sharma (Since Mar 20, 2023).
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