August 8, 2022
mayank
Kotak Savings Fund Guidance
NAV Growth : Rs 36.5282
NAV IDCW Monthly : Rs 15.9863
Suitable For Which Investors ?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme seeks to generate returns through investment in debt and money market instruments with a view to reduce the interest rate risk.
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: | 7.47% |
| Benchmark: | NIFTY Ultra Short Duration Debt Index B-I |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 11,487 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.36% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Above Average |
Kotak Savings 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 Savings Direct-G | 2.47 | 0 | 0.12 | 0.42 | 1.27 | 2.11 | 3.92 | 5.13 | 6.17 | 6.76 | — |
| CCIL T Bill Liquidity Weight | 1.21 | 0.05 | 0.09 | 0.28 | 0.61 | 1.05 | 2.04 | 2.63 | 3.27 | 3.65 | — |
| Debt: Ultra Short Duration | 2.36 | 0 | 0.12 | 0.42 | 1.2 | 2.03 | 4 | 5.08 | 5.62 | 6.31 | — |
| Rank within category | 5 | 16 | 12 | 12 | 4 | 6 | 11 | 9 | 3 | 3 | — |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 21 | 13 | 13 | 0 |
Kotak Savings Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Savings Fund | 4 star | Jan-13 | 3.92 | 5.13 | 6.17 | 0.36 | 11,487 |
| Aditya Birla Sun Life Savings Fund | 4 star | Jan-13 | 4.03 | 5.59 | 6.46 | 0.34 | 14,762 |
| HDFC Ultra Short Term Fund | 4 star | Sep-18 | 3.83 | 5.24 | — | 0.34 | 13,459 |
| ICICI Prudential Ultra Short Term Fund | 5 star | Jan-13 | 4.3 | 5.93 | 6.75 | 0.39 | 13,058 |
| Axis Ultra Short Term Fund | 5 star | Sep-18 | 4.11 | 5.33 | — | 0.3 | 4,763 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 78 | 82 | 66 | 42 |
| Modified Duration (yrs) | 0.36 | 0.44 | 0.35 | 0.35 |
| Average Maturity (yrs) | 0.44 | 0.62 | 0.43 | 0.37 |
| Yield to Maturity (%) | 6.17 | 6.17 | 3.63 | 6.01 |
| Avg Credit Rating | AAA | — | — | — |
Kotak Savings Fund Guidance by Chanakya :
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