Debt
Direct
Banking & Psu
NAV as on 06-09-2024
₹ 63.55
Inception Returns
8.2%
/yr
Kotak Banking and PSU Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Abhishek Bisen, Deepak Agrawal. This fund is suitable to keep your money safe.
Kotak Banking and PSU Debt Fund Direct Growth has given a CAGR return of 8.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.29%, 6.16% and 7.00% respectively.
Kotak Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, National Bank For Agriculture And Rural Development, 7.1% Govt Stock 2034, Power Finance Corp Ltd. 0.076%, National Housing Bank
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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.There is no assurance that or guarantee that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Banking and PSU Debt Fund Direct Growth has no lock in period.
Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹5768 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 171.04% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
Kotak Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.68% | 0.68% |
6 Month Returns | 4.18% | 4.18% |
1 Year Returns | 8.29% | 8.29% |
3 Years Returns | 19.66% | 6.16% |
5 Years Returns | 40.28% | 7% |
AAA | 98.22 |
AA | 1.78 |