Kotak Corporate Bond Fund Direct Growth
Debt
Direct
Corporate Bond
NAV as on 04-09-2024
₹ 3665.69
▲0.1%
1D
Inception Returns
8%
/yr
About the Fund
Kotak Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 14 January, 2013. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.
Key Parameters
- Kotak Corporate Bond Fund Direct Growth has ₹13117 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
Kotak Corporate Bond Fund Direct Growth has given a CAGR return of 8.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.21%, 6.06% and 6.77% respectively.
Holdings
Kotak Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.1% Govt Stock 2034, National Bank For Agriculture And Rural Development, Jamnagar Utilities & Power Private Limited, LIC Housing Finance Limited
Taxation
As it is a corporate bond 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 Corporate Bond Fund Direct Growth
The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund.There is no assurance 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 Corporate Bond Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.34% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹13117 Cr |
| Inception Date | 14 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 192.38% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (04-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 13.3K Cr as of Jul'24
- AUM increased by 552.3 Cr between Jul'24 and Jun'24
Top 2 Sectors in July were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 15.18% | -1.9% | |
7.1% Govt Stock 2034 | 6.85% | 45.6% | |
National Bank For Agriculture And Rural Development | 6.2% | 0% | |
LIC Housing Finance Limited | 3.48% | 0% | |
Jamnagar Utilities & Power Private Limited | 3.48% | 0% |
Mutual Fund Insights
Kotak Corporate Bond Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.34%
Frequently Asked Questions
Kotak Corporate Bond Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.73% | 0.73% |
6 Month Returns | 4.38% | 4.38% |
1 Year Returns | 8.21% | 8.21% |
3 Years Returns | 19.32% | 6.06% |
5 Years Returns | 38.72% | 6.77% |
- 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 | 100 |