Kotak Low Duration Fund Standard-IDCW
(Scheme Rating)
NAV as of Nov 13, 2024
1,216.940.02%
(Earn upto 0.75% Extra Returns with Direct Plan)
Fund Category:
Debt: Low Duration
Expense Ratio:
1.17%(0.77% Category
average)Fund Size:
Rs. 11,241.26 Cr(8.57% of Investment in Category)
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Kotak Low Duration Fund Standard-IDCW
(Scheme Rating)
NAV as of Nov 13, 2024
1,216.940.02%
Expense Ratio:
1.17%
Fund Size:
Rs. 11,241.26 Cr
Fund Category:
Debt: Low Duration
Kotak Low Duration Fund Standard-IDCW Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Kotak Low Duration Fund - Standard Plan as of Nov 13, 2024 is Rs 1,216.94 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.3% (1yr), 5.77% (3yr), 5.85% (5yr) and 7.2% (since launch). Whereas, Category returns for the same time duration are: 7.395947356235% (1yr), 5.917890790402175% (3yr) and 6.04976563090775% (5yr).
3. Fund Size: The Kotak Low Duration Fund - Standard Plan currently holds Assets under Management worth of Rs 9292.1329 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 1.17% for Regular plan as on Nov 04, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Kotak Low Duration Fund - Standard Plan as of Nov 13, 2024 is Rs 1,216.94 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.3% (1yr), 5.77% (3yr), 5.85% (5yr) and 7.2% (since launch). Whereas, Category returns for the same time duration are: 7.395947356235% (1yr), 5.917890790402175% (3yr) and 6.04976563090775% (5yr).
3. Fund Size: The Kotak Low Duration Fund - Standard Plan currently holds Assets under Management worth of Rs 9292.1329 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 1.17% for Regular plan as on Nov 04, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Low Duration Fund Standard-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.63 1.90 3.77 7.34 5.79 5.85 Category Avg 0.58 1.84 3.72 7.40 5.93 6.05 Rank within Category 2 5 5 14 17 9 No. of funds within Category 20 20 20 20 20 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkTata Treasury Advantage Reg-IDCW
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Kotak Low Duration Fund Standard-IDCW Fund Details
Investment Objective - The scheme seeks to generate income through investment in low duration debt and money market securities.
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | Mar 06, 2008 |
| Benchmark | NIFTY Low Duration Debt Index B-I |
| Return Since Launch | 7.2% |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Risk Grade | High |
| Return Grade | Below Average |
Kotak Low Duration Fund Standard-IDCW Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.93 | 1.2305 | 0.707 | 0.8799 |
| Average Maturity(Yrs) | 1.87 | 2.5892 | 0.8416 | 1.3302 |
| Yield to Maturity(%) | 7.86 | 8.1577 | 7.42 | 7.7848 |
| Avg Credit Rating | Average | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 9.21 | 14.83 |
| Low Risk | 82.75 | 78.91 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 8.04 | 6.26 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 12.14 | 3.56 |
| CD | 15.86 | 20.06 |
| T-Bills | 0.16 | 2.54 |
| CP | - | 1.84 |
| NCD & Bonds | 60.10 | 57.20 |
| PTC | 9.88 | 4.00 |
| Cash & Others | 1.86 | 10.79 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| GOI | GOI Securities Floating Rate Bond | Sovereign | SOV | 6,762.17 | 7.28 | 6,58,71,138 |
| HDFC Bank Ltd | Certificate of Deposit | Financial | A1+ | 4,739.90 | 5.10 | 50,000 |
| 7.44% Small Industries Devp Bank of India Ltd 04/09/2026 | Debenture | Financial | AAA | 4,732.68 | 5.09 | 47,500 |
| 7.32% GOI 13/11/2030 | GOI Securities | Sovereign | SOV | 4,124.18 | 4.44 | 4,00,00,000 |
| National Bank For Agriculture & Rural Development | Debenture | Financial | AAA | 3,041.76 | 3.27 | - |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 2,417.24 | 2.60 | 25,000 |
| 7.77% Embassy Office Parks REIT 05/06/2025 | Debenture | Construction | AAA | 2,048.22 | 2.20 | 20,500 |
| 8.95% Bharti Telecom Ltd 04/12/2026 | Debenture | Communication | AA+ | 2,016.54 | 2.17 | 20,000 |
| 8.0956% Aditya Birla Housing Finance Ltd 22/12/2026 | Debenture | Financial | AAA | 2,004.99 | 2.16 | 20,000 |
| India Universal Trust AL1 0 | Securitised Debt | Others | AAA | 1,991.36 | 2.14 | 199 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Low Duration Fund Standard-IDCW 1,216.94 11,241.26 0.63 7.34 5.79 5.85 Tata Treasury Advantage Fund Regular-IDCW 2,376.48 2,587.66 0.60 7.44 5.97 5.85 Canara Robeco Savings Fund Regular-IDCW 36.01 912.42 0.57 7.41 5.97 5.54 Bandhan Low Duration Fund Regular-IDCW 12.22 5,529.40 0.56 7.36 5.93 5.70 Nippon India Low Duration Fund-IDCW 1,897.86 7,893.52 0.59 7.37 5.93 5.92
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
0.70VS0.63Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.39VS1.31Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
-0.30VS-0.16Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
-0.15VS-0.07Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.66VS2.62Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.60VS5.73Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
- D.A.Deepak AgrawalSince Jan 201511 schemes
- M.S.Manu SharmaSince Nov 20226 schemes
Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Dynamic Bond Fund Regular-IDCW Dynamic Bond 13.50 2,970.79 10.28 Kotak Bond Short Term Fund Regular-IDCW Short Duration 11.73 16,894.53 7.95 Kotak Floating Rate Fund Regular-IDCW Floater 1,279.55 3,702.49 8.44 Kotak Medium Term Fund Regular-IDCW Medium Duration 13.24 1,844.69 9.65 Kotak Credit Risk Fund Regular-IDCW Credit Risk 12.14 753.19 7.71 Kotak FMP Series 310 - 1131 Days Regular - IDCW FMP 11.22 Unrated 124.32 7.98 Kotak FMP Series 308 - 1125 Days Regular - IDCW FMP 11.32 Unrated 92.88 8.32 Kotak FMP Series 305 - 1200 Days Regular - IDCW FMP 11.38 Unrated 33.39 7.98 Kotak FMP Series 304 - 3119 Days Regular - IDCW FMP 11.76 Unrated 108.60 10.90 Kotak FMP Series 300 - 1223 Days Regular - IDCW FMP 11.44 Unrated 238.95 8.14 Kotak FMP Series 292 - 1735 Days Regular - IDCW FMP 11.95 Unrated 439.68 8.12 Mr. Sharma has done M.Com and CA. He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Floating Rate Fund Regular-IDCW Floater 1,279.55 3,702.49 8.44 Kotak FMP Series 310 - 1131 Days Regular - IDCW FMP 11.22 Unrated 124.32 7.98 Kotak FMP Series 308 - 1125 Days Regular - IDCW FMP 11.32 Unrated 92.88 8.32 Kotak FMP Series 304 - 3119 Days Regular - IDCW FMP 11.76 Unrated 108.60 10.90 Kotak FMP Series 300 - 1223 Days Regular - IDCW FMP 11.44 Unrated 238.95 8.14 Kotak FMP Series 292 - 1735 Days Regular - IDCW FMP 11.95 Unrated 439.68 8.12
More Kotak Mahindra Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Kotak Equity Arbitrage Fund Regular-Growth | 54,941.17 | 0.70 | 1.75 | 3.77 | 7.79 | 6.43 | |
| Kotak Emerging Equity Fund Regular-Growth | 50,627.29 | -3.32 | 1.15 | 20.03 | 40.40 | 20.79 | |
| Kotak Flexicap Fund Regular-Growth | 50,582.01 | -4.41 | -2.47 | 8.72 | 29.15 | 13.24 | |
| Kotak Liquid Regular - Growth | 34,548.13 | 0.57 | 1.76 | 3.56 | 7.34 | 6.16 | |
| Kotak Money Market Fund Regular-Growth | 29,487.57 | 0.61 | 1.86 | 3.79 | 7.69 | 6.47 | |
| Kotak Equity Opportunities Fund Regular-Growth | 25,034.05 | -4.24 | -1.62 | 10.21 | 34.59 | 18.07 | |
| Kotak Small Cap Fund Regular-Growth | 17,593.30 | -5.69 | 0.02 | 17.57 | 35.40 | 16.61 | |
| Kotak Bond Short Term Fund Regular-Growth | 16,894.53 | 0.47 | 1.94 | 4.29 | 7.95 | 5.52 | |
| Kotak Balanced Advantage Fund Regular - Growth | 16,751.58 | -2.08 | 0.64 | 8.93 | 19.53 | 10.41 | |
| Kotak Multicap Fund Regular - Growth | 14,799.29 | -4.39 | -1.32 | 12.94 | 42.01 | 22.26 |
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About Kotak Low Duration Fund Standard-IDCW
1. Kotak Low Duration Fund - Standard Plan is Open-ended Low Duration Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Mar 06, 2008.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through investment in low duration debt and money market securities. "
2. It is benchmarked against NIFTY Low Duration Debt Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Low Duration Fund - Standard Plan is 1.87 years and Duration is 0.93 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Low Duration Fund Standard-IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Kotak Low Duration Fund - Standard Plan is Open-ended Low Duration Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Mar 06, 2008.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through investment in low duration debt and money market securities. "
2. It is benchmarked against NIFTY Low Duration Debt Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Low Duration Fund - Standard Plan is 1.87 years and Duration is 0.93 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Low Duration Fund Standard-IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Kotak Low Duration Fund Standard-IDCW
- Is it safe to invest in Kotak Low Duration Fund - Standard Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Low Duration Fund - Standard Plan comes under Low to Moderate risk category.
- What is the category of Kotak Low Duration Fund - Standard Plan?Kotak Low Duration Fund - Standard Plan belongs to the Debt : Low Duration category of funds.
- How Long should I Invest in Kotak Low Duration Fund - Standard Plan?The suggested investment horizon of investing into Kotak Low Duration Fund - Standard Plan is 6 months – 1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Low Duration Fund - Standard Plan?The Kotak Low Duration Fund - Standard Plan is managed by Deepak Agrawal (Since Jan 31, 2015) and Manu Sharma (Since Nov 01, 2022).
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