Kotak Floating Rate Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 21-02-2025
₹ 1492.94
Inception Returns
7.2%
/yr
About Kotak Floating Rate Fund Direct Growth
Kotak Floating Rate Fund Direct Growth is a debt fund. This fund was started on 14 May, 2019. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.
Key Parameters
- Kotak Floating Rate Fund Direct Growth has ₹3275 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Kotak Floating Rate Fund Direct Growth has given a CAGR return of 7.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.76%, 6.90% and 7.11% respectively.
Holdings
Kotak Floating Rate Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.53% Govt Stock 2034, 7.59% Govt Stock 2031, 7.93% Govt Stock 2033, Pipeline Infrastructure Ltd. 0.0796%, National Bank For Agriculture And Rural Development
Taxation
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Kotak Floating Rate Fund Direct Growth
The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, 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 Floating Rate Fund Direct Growth has no lock in period.
Historical NAV & Returns
Kotak Floating Rate Fund Direct Growth Overview
| Expense ratio | 0.25% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹3275 Cr |
| Inception Date | 14 May, 2019 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 102.59% |
| 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 (21-Feb-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 3.3K Cr as of Jan'25
- AUM decreased by 302.8 Cr between Jan'25 and Dec'24
Top 2 Sectors in January were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.53% Govt Stock 2034 | 16.76% | -31.4% | |
7.59% Govt Stock 2031 | 12.12% | 0% | |
7.93% Govt Stock 2033 | 5.34% | -45.1% | |
Pipeline Infrastructure Ltd. 0.0796% | 5.08% | 0% | |
Mankind Pharma Ltd | 4.6% | 0% |
Mutual Fund Insights
Kotak Floating Rate Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹3275 Cr
Expense Ratio 0.25%
Frequently Asked Questions for Kotak Floating Rate Fund Direct Growth
Kotak Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 4.05% | 4.05% |
1 Year Returns | 8.76% | 8.76% |
3 Years Returns | 22.15% | 6.9% |
5 Years Returns | 40.99% | 7.11% |
- 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 | 82.66 |
AA | 17.34 |