July 2, 2025
mayank
Kotak Floating Rate Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,551.6111
NAV IDCW: Rs 1,351.6897
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
If you do decide to invest in them, remember that 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 through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
Fund Manager:
1) 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 2002.
2) Manu Sharma
Education: Mr. Sharma has done M.Com and CA.
Experience: He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Kotak Floating Rate Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 14-May-19 |
| Return Since Launch | 7.43% |
| Benchmark | NIFTY SD Debt Index A-II |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 3,312 Cr |
| (As on 31-May-2025) | |
| Expense | 0.25% |
| (As on 31-May-2025) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Trailing Returns (%) of Kotak Floating Rate Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak Floating Rate Dir | 5.09 | -0.01 | 0.50 | 2.99 | 5.19 | 9.78 | 8.35 | 7.07 | — | — |
| CCIL T Bill Liquidity Weight | 2.75 | 0.10 | 0.45 | 1.52 | 2.75 | 5.23 | 4.55 | 3.53 | — | — |
| Debt: Floater | 4.88 | -0.01 | 0.27 | 2.73 | 5.01 | 9.39 | 8.25 | 6.84 | — | — |
| Rank within category | 3 | 8 | 3 | 2 | 4 | 4 | 6 | 2 | — | — |
| Number of funds in category | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 7 | 5 | 5 |
Peer Comparison of Kotak Floating Rate Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Kotak Floating Rate Dir | 2 star | 9.78 | 8.35 | 7.07 | 0.25 | 3,312 | 7.43 | — | 6Y 1M |
| HDFC Floating Rate Debt Dir | 4 star | 9.26 | 8.38 | 7.01 | 0.26 | 15,221 | 7.96 | — | 12Y 5M |
| ABSL Floating Rate Dir | 5 star | 8.73 | 7.92 | 6.59 | 0.22 | 13,658 | 8.02 | — | 12Y 5M |
| UTI Floater Dir | 4 star | 8.19 | 7.43 | 6.09 | 0.41 | 1,031 | 6.98 | — | 6Y 8M |
| Nippon India Floater Dir | 3 star | 9.66 | 8.09 | 6.82 | 0.35 | 7,811 | 8.04 | — | 12Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 33 | 59 |
| Macaulay Duration (yrs) | 1.77 | 2.47 |
| Average Maturity (yrs) | 4.75 | 5.32 |
| Yield to Maturity (%) | 6.96 | 6.85 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Kotak Floating Rate Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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