August 4, 2022
mayank
Kotak Bond Fund Guidance
NAV Growth : Rs 67.9650
NAV IDCW : Rs 22.6209
Suitable For Which Investors ?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy :
The scheme aims to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kind of issuers in the debt market. The wholesale plan is targeted at big ticket investors and corporate.
Fund Manager :
— Abhishek Bisen
Education : Mr. Bisen is a BA and MBA in Finance.
Experience : 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.
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: | 7.71% |
| Benchmark: | NIFTY Medium to Long Duration Debt Index B-III |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 1,551 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.63% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Above Average |
Kotak Bond 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 Bond Direct-G | 0.15 | -0.09 | 0.46 | 1.33 | 0.59 | 1.09 | 2.76 | 6.24 | 6.37 | 7.58 | — |
| VR Bond | 0.78 | 0 | 0.53 | 1.02 | 0.68 | 1.68 | 2.67 | 3.98 | 5.12 | 6.02 | — |
| Debt: Medium to Long Duration | 0.7 | -0.07 | 0.51 | 1.4 | 0.9 | 1.46 | 3.21 | 5.59 | 5.66 | 7.02 | — |
| Rank within category | 13 | 20 | 18 | 18 | 18 | 10 | 6 | 5 | 5 | 6 | — |
| Number of funds in category | 19 | 28 | 28 | 28 | 28 | 21 | 15 | 14 | 14 | 14 | 0 |
Kotak Bond Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Bond Fund | 4 star | Jan-13 | 2.76 | 6.24 | 6.37 | 0.63 | 1,551 |
| ICICI Prudential Bond Fund | 4 star | Jan-13 | 2.93 | 6.65 | 6.66 | 0.56 | 2,576 |
| SBI Magnum Income Fund | 5 star | Jan-13 | 2.69 | 7.26 | 7.13 | 0.8 | 1,543 |
| Aditya Birla Sun Life Income Fund | 4 star | Jan-13 | 3.08 | 6.43 | 6.6 | 0.49 | 1,533 |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund | Unrated | Mar-21 | 2.88 | — | — | 0.16 | 6,154 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 33 | 104 | 28 | 27 |
| Modified Duration (yrs) | 2.84 | 4.31 | 2.84 | 3.66 |
| Average Maturity (yrs) | 7.04 | 8.14 | 7.04 | 4.95 |
| Yield to Maturity (%) | 7.2 | 7.25 | 5.86 | 7.18 |
| Avg Credit Rating | AAA | — | — | — |
Kotak Bond Fund Guidance by Chanakya :
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