Kotak

Low Duration Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 5453.14 Cr.
Risk
Moderate

This open ended fund Scheme is suitable for investors seeking*

  1. Regular income over short term.
  2. Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them

Fund Manager
Mr. Deepak Agarwal
Mr. Deepak's career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006. Mr. Deepak is a Post Graduate in Commerce, Chartered Account and Company Secretary.

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Let’s calculate your gain

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If you would have invested `

since inception, it would have become` - i.e. - %CAGR .

About Kotak Low Duration Fund

  • The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities.
  • There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Performanceas on

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  Since
Inception
Last
1 Year
Last
3 Years
Last
5 Years

For performance in SEBI format please refer performance section.

Scheme Inception date is 06/03/2008. Mr. Deepak Agrawal has been managing the fund since 01/02/2015. Different plans have different expense structure. Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of investment made at inception.. Source: ICRA MFI Explorer. With Effect from 1st June 2018, the Benchmark is changed to NIFTY Low Duration Debt Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Low Duration Debt Index. The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Sector Allocation

Sector % of net asset

Stocks

Issuer / Instrument Industry / Rating Percentage of net asset
Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
S D Corporation Pvt. Ltd. ( DSRA Guarantee from Shapoorji Pallonji and Company Private Limited) (^) CARE AA+(SO) 6.09 %
Manappuram Finance Ltd.(^) ICRA AA- 4.62 %
Piramal Enterprises Ltd.(^) ICRA AA 4.11 %
Sarvoday Advisory Services Pvt. Ltd. ( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) BRICKWORK BWR A(SO) 3.9 %
SVL Ltd ( Guaranteed by Shriram Transport Finance ) ICRA AA(SO) 3.74 %
Edelweiss Commodities Services Ltd. ( Put options on ECL Finance) ICRA AA 3.66 %
Rent A Device Trust ( ) ICRA AAA(SO) 3.39 %
Dewan Housing Finance Corporation Ltd. CARE AAA 3.33 %
Edelweiss Housing Finance Limited ICRA AA 2.58 %
Aditya Birla Fashion and Retail Ltd. CRISIL AA 2.04 %
Nuvoco Vistas Corporation Ltd. ( 100% subsidiary of Nirma Ltd.) CRISIL AA 1.98 %
Avendus Finance Pvt Ltd. CRISIL A+ 1.83 %
Indiabulls Housing Finance Ltd. CARE AAA 1.74 %
Muthoot Finance Ltd. CRISIL AA 1.72 %
Karelides Traders Pvt. Ltd. ( backed by unconditional and irrevocable undertaking by a wholly owned subsidiary of Piramal Enterprises Ltd ) ICRA AA-(SO) 1.65 %
Sahyadri Agencies Ltd ( Secured by Equity shares of Jyothy Laboratories Ltd. ) BRICKWORK BWR A(SO) 1.37 %
Bharti Telecom Ltd. CRISIL AA+ 1.33 %
Jyothy Fbricare Services Ltd. ( Guarrented By Jyothi Laboratories Ltd ) CARE AA(SO) 1.16 %
Nirma Ltd. CRISIL AA 1.1 %
Piramal Capital & Housing Finance Ltd. ICRA AA 1.05 %
Fullerton India Credit Co. Ltd. CARE AAA 0.91 %
IIFL Home Finance Ltd. ICRA AA 0.74 %
ECL Finance Ltd. ICRA AA 0.55 %
Dalmia Cement (Bharat) Ltd ICRA AA 0.44 %
Hinduja Leyland Finance Ltd. CARE AA- 0.37 %
JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group) CRISIL AAA 0.37 %
LIC Housing Finance Ltd. CRISIL AAA 0.31 %
HDFC Ltd. CRISIL AAA 0.27 %
Shriram Transport Finance Co Ltd. CRISIL AA+ 0.27 %
Adani Infra (India) Limited. ( Secured by shares of Adani Port, Adani Enterprises & Adani Transmissions) BRICKWORK BWR AA-(SO) 0.18 %
East-North Interconnection Company Limited ( Operational power transmission project ) CRISIL AAA(SO) 0.09 %
HDB Financial Services Ltd. CRISIL AAA 0.09 %
Corporate Debt/Financial Institutions - Total 56.98 %
Public Sector Undertakings
U P Power Corporation Ltd ( Guaranteed By UP State Government ) FITCH IND AA(SO) 7.22 %
Bank Of Baroda(^) CARE AA 6.54 %
Andhra Bank CRISIL AA- 2.21 %
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(SO) 1.69 %
Bank Of Baroda CARE AA+ 0.51 %
PNB Housing Finance Ltd. CARE AAA 0.32 %
Andhra Bank CARE A+ 0.18 %
Konkan Railway Corporation Ltd. ICRA AAA 0.18 %
Rural Electrification Corporation Ltd. CRISIL AAA 0.17 %
Punjab National Bank CARE AA- 0.09 %
Union Bank of India CARE AA- 0.09 %
Power Finance Corporation Ltd. CRISIL AAA 0.06 %
Small Industries Development Bank Of India CARE AAA 0.04 %
Public Sector Undertakings - Total 19.3 %
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Suraksha Realty Ltd. ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) CARE A1+(SO) 5.22 %
Utkarsh Small Finance Bank Ltd. ICRA A1 1.7 %
Shriram City Union Finance Ltd. ICRA A1+ 0.91 %
Muthoot Capital Services Ltd. CRISIL A1 0.89 %
HDFC Ltd. CRISIL A1+ 0.09 %
Indiabulls Housing Finance Ltd. CRISIL A1+ 0.09 %
Corporate Debt/Financial Institutions - Total 8.9 %
Collateral Borrowing & Lending obligation 13.08 %
Net Current Assets/(Liabilities) 1.74 %
Detail holdings

Market Capitalisation

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Fund Vs Benchmark Returns

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Trailing Returns Since
Inception

Scheme Inception date is 06/03/2008. Mr. Deepak Agrawal has been managing the fund since 01/02/2015. Different plans have different expense structure. Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of investment made at inception.. Source: ICRA MFI Explorer. With Effect from 1st June 2018, the Benchmark is changed to NIFTY Low Duration Debt Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Low Duration Debt Index. The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

As on -

See all funds managed by Mr. Deepak Agarwal

Click here to know the return of Lumpsum investment made since inception

If you had invested ` as on would have grown to `- as of i.e. -

Kotak Low Duration FundVS

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Gold prices are available post 1st April, 2006 & are based on daily closing values on MCX. PPF interest rate is taken from http://www.publicprovidentfund.com/ppf-interest-rate-history/ The Fixed deposit interest rate is based on RBI rate (https://rbi.org.in/Scripts/PublicationsView.aspx?id=17849) Scheme Return calculated on the basis of scheme NAV; Returns for PPF, FD, Gold are based on publicly available information. Source: AMFI website, PPF, RBI and MCX The above simulation is for illustration purpose only. While amount invested in traditional investment avenue has the highest safety for Principal invested, there is no assurance or guarantee of future performance of the scheme. Year-end balance has been arrived at by adding interest at the rates notified by the competent authorities from time to time. The comparison of Scheme Return vs PPF/FD/Gold has been given for the purpose of the general information only. Unlike other investment avenue referred above, investments in Mutual Funds are subject to market risks. Hence, the performances are not strictly comparable. Kotak Mahindra Asset Management Company Limited will not accept any liability/ responsibility/loss incurred on any investment decision taken on the basis of this information. Past performance may or may not be sustained in the future. Graph showing the number of times investment has increased/decreased in each asset class over the period. It should no way be construed as a recommendation or future outlook on the above mentioned stocks. Past performance of the scheme does not indicate the future performance of the schemes.

The above graph shows the movement of a specified amount vis-à-vis benchmark and additional benchmark in the specified time period (last business day of the selected month) chosen by the investor.

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In SEBI Format

CAGR since Inception 1 Year 3 Years 5 Years Current Value of `10,000
invested at inception

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days. Returns for investments in dividend plans of schemes are calculated after assuming that the net dividend payouts post statutory taxes & levies, are re-invested back in the scheme. Performance is always compared against the latest benchmark of the scheme irrespective of the date of change of scheme's benchmark, if any. Past performance of the scheme does not indicate the future performance of the schemes. As with any investment in securities, the NAV of the units issued under the schemes can go up or down depending on various factors and forces affecting capital markets. The data of the last working day has been considered for the calculation of performance. Scheme Inception date is 06/03/2008. Mr. Deepak Agrawal has been managing the fund since 01/02/2015. Different plans have different expense structure. Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of investment made at inception.. Source: ICRA MFI Explorer. With Effect from 1st June 2018, the Benchmark is changed to NIFTY Low Duration Debt Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Low Duration Debt Index. The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

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Let’s calculate your Dividend

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If you would have invested `

since inception, you would have earned` -as Dividend

and your current value of investment` -

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Dividend History

SUBMIT
Download Excel
Record date Cumulative
dividend
nav
(`/ unit )

Dividends declared from benchmark's constituents isn't taken into account when comparing with investment in scheme's dividend plans.

Investment Objective

The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. However, there is no assurance that the objective of the scheme will be realized.

Benchmark : NIFTY Low Duration Debt Index

Allotment date : March 06, 2008

  • AUM : `5453.14 Cr

  • AAUM : `5097.61 Cr

Key ratiosas on 31 Aug, 2018

Portfolio turnover ratio NA
$Standard Deviation 0.72%
$Beta NA
$Sharpe Ratio ## NA
Modified duration 0.67 yrs
Average maturity 0.79
Yield to maturity 8.67
Tracking Error NA
Expense Ratio (Direct) ** 0.28%
Expense Ratio (Regular) ** 1.03%
Source: $ICRA MFI Explorer## Risk rate assumed to be NA (FBIL Overnight MIBOR rate as on NA)**Total Expense Ratio includes applicable B30 fee and GST.
Source: $ICRA MFI Explorer Standard Deviation is calculated on Annualised basis using 3 years history of the monthly returns.

This open ended fund Scheme is suitable for investors seeking

  1. Regular income over short term.
  2. Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months

    *Investors should consult their financial advisors if in doubt about whether the product is suitable for them

    Investment Style:

    maturityStyle

    Available Plans/Options

    A) Regular Plan B) Direct Plan

    Options: Dividend Payout, DividendReinvestment & Growth (dividend payoutis available under monthly dividend only)(applicable for all plans)

    Minimum Investment Amount

    Initial Investment:`5000 and in multiple of `1 for purchase and for `0.01 for switches

    Additional Investment:`1000 & in multiples of `1 for purchase and for `0.01 for switches.

    Ideal Investments Horizon:1-3 Months

    Load Structure

    Entry Load:NIL

    Exit Load:

    • Nil.Any exit load charged (net off Service Tax, if any) shall be credited back to the Scheme

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