Kotak Banking and PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 14-01-2025
₹ 65.12
1D
Inception Returns
8.2%
/yr
About Kotak Banking and PSU Debt Fund Direct Growth
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 Deepak Agrawal, Abhishek Bisen. This fund is suitable to keep your money safe.
Key Parameters
- Kotak Banking and PSU Debt Fund Direct Growth has ₹5797 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Kotak Banking and PSU Debt Fund Direct Growth has given a CAGR return of 8.16% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.23%, 6.58% and 6.91% respectively.
Holdings
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, Power Finance Corp Ltd. 0.076%, National Bank For Agriculture And Rural Development, 7.1% Govt Stock 2034, 7.93% Govt Stock 2033
Taxation
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.
Investment objective of Kotak Banking and PSU Debt Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Kotak Banking and PSU Debt Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹5797 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 171.04% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (14-Jan-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 5.6K Cr as of Nov'24
- AUM decreased by 54.4 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 9.06% | 0% | |
Power Finance Corp Ltd. 0.076% | 5.83% | 0% | |
National Bank For Agriculture And Rural Development | 4.61% | 0% | |
7.1% Govt Stock 2034 | 4.48% | -2.2% | |
7.93% Govt Stock 2033 | 4.13% | 0% |
Mutual Fund Insights
Kotak Banking and PSU Debt Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹5797 Cr
Expense Ratio 0.39%
Frequently Asked Questions for Kotak Banking and PSU Debt Fund Direct Growth
Kotak Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.26% | 0.26% |
6 Month Returns | 3.99% | 3.99% |
1 Year Returns | 8.23% | 8.23% |
3 Years Returns | 21.07% | 6.58% |
5 Years Returns | 39.63% | 6.91% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 97.26 |
AA | 2.74 |