August 4, 2022
mayank
Kotak Banking and PSU Debt Fund Guidance
NAV Growth : Rs 54.5025
NAV IDCW Monthly : Rs 10.2917
Suitable For Which Investors ?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.
Fund Manager :
— Deepak Agrawal
Education : Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.
Experience : He has been associated with Kotak AMC since 2000.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.31% |
| Benchmark: | CRISIL Banking and PSU Debt |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 7,014 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.36% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Above Average |
Kotak Banking and PSU Debt Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Kotak Banking and PSU Debt Direct-G | 1.32 | -0.06 | 0.2 | 0.81 | 0.43 | 1.39 | 3.47 | 6.62 | 7.18 | 7.83 | — |
| CCIL T Bill Liquidity Weight | 1.16 | 0.01 | 0.11 | 0.24 | 0.48 | 1.03 | 2.01 | 2.61 | 3.27 | 3.64 | — |
| Debt: Banking and PSU | 1.51 | -0.04 | 0.26 | 0.81 | 0.79 | 1.62 | 3.18 | 6.33 | 6.84 | 7.56 | — |
| Rank within category | 13 | 16 | 17 | 7 | 14 | 12 | 4 | 6 | 4 | 5 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 17 | 16 | 14 | 0 |
Kotak Banking and PSU Debt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Banking and PSU Debt Fund | 4 star | Jan-13 | 3.47 | 6.62 | 7.18 | 0.36 | 7,014 |
| IDFC Banking & PSU Debt Fund | 5 star | Mar-13 | 2.99 | 6.72 | 7.38 | 0.32 | 16,383 |
| Axis Banking & PSU Debt Fund | 5 star | Jan-13 | 3.41 | 6.38 | 7.33 | 0.33 | 14,331 |
| ICICI Prudential Banking & PSU Debt Fund | 4 star | Jan-13 | 3.82 | 6.47 | 6.64 | 0.35 | 9,926 |
| HDFC Banking and PSU Debt Fund | 4 star | Mar-14 | 3.24 | 6.73 | 7 | 0.39 | 5,654 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 58 | 95 | 58 | 64 |
| Modified Duration (yrs) | 1.74 | 3.14 | 1.74 | 1.77 |
| Average Maturity (yrs) | 4.41 | 5.51 | 4.07 | 2.53 |
| Yield to Maturity (%) | 6.8 | 6.8 | 5.58 | 6.61 |
| Avg Credit Rating | AAA | — | — | — |
Kotak Banking and PSU Debt Fund Guidance by Chanakya :
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