Kotak Floating Rate Fund Direct Growth

Kotak Floating Rate Fund Direct Growth

NAV as on 24-04-2025

₹ 1527.49

Inception Returns

7.4%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
40 people have invested ₹ 20.6L in Kotak Floating Rate Fund Direct Growth in the last three months

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

  1. Kotak Floating Rate Fund Direct Growth has ₹3218 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Kotak Floating Rate Fund Direct Growth has given a CAGR return of 7.39% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.66%, 7.62% and 7.48% 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, Pipeline Infrastructure Ltd. 0.0796%, Mankind Pharma Ltd, REC Ltd. 0.0771%

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.

Kotak Floating Rate Fund Direct Growth Overview

Expense ratio0.25%
Benchmark
Nifty Short Duration Debt TR INR
AUM₹3218 Cr
Inception Date14 May, 2019
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
102.59%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (24-Apr-25)

Period
Kotak Floating Rate Fund Direct Growth
Floating Rate Index
1M
1.6%
1.6%
3M
2.9%
2.9%
6M
4.8%
4.6%
1Y
9.7%
9.2%
3Y
7.6%
7.5%
5Y
7.5%
6.6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
84.2%

AA
15.8%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Corporate
55.1%
Government
42%
Cash Equivalent
2.9%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 3.2K Cr
₹ 3.3K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 3.2K Cr as of Mar'25
  • AUM decreased by 46.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Bajaj Housing Finance Limited's allocation increased from 0.63% to 1.97%
Bajaj Housing Finance Limited's allocation increased from 0.63% to 1.97%
Embassy Office Parks Reit's allocation increased from 1.4% to 2.53%
Embassy Office Parks Reit's allocation increased from 1.4% to 2.53%
Tata Capital Housing Finance Limited's allocation increased from 1.81% to 2.81%
Tata Capital Housing Finance Limited's allocation increased from 1.81% to 2.81%
Top Stocks sold last month
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 4.91 %
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 4.91 %
Muthoot Finance Limited's allocation decreased from 2.22 % to 1.69 %
Muthoot Finance Limited's allocation decreased from 2.22 % to 1.69 %
Muthoot Finance Limited's allocation decreased from 2.13 % to 0.76 %
Muthoot Finance Limited's allocation decreased from 2.13 % to 0.76 %
Debt allocation has gone up from 96.2% to 96.6%
Debt allocation has gone up from 96.2% to 96.6%
Cash allocation has gone down from 3.3% to 2.9%
Cash allocation has gone down from 3.3% to 2.9%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
55%
Government
42%
Feb'25
Corporate
51%
Government
46%
  • Debt & Cash

Holdings
Weight%
1M Change
7.53% Govt Stock 2034
7.53% Govt Stock 2034
16.15%
0%
7.59% Govt Stock 2031
7.59% Govt Stock 2031
9.71%
0%
Pipeline Infrastructure Ltd. 0.0796%
Pipeline Infrastructure Ltd. 0.0796%
5.05%
0%
REC Ltd. 0.0771%
REC Ltd. 0.0771%
4.56%
0%
Mankind Pharma Ltd
Mankind Pharma Ltd
4.56%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Kotak Floating Rate Fund Direct Growth
Kotak Floating Rate Fund Direct Growth
9.66%
7.62%
7.48%
7.39%
DSP Floater Fund Direct Growth
DSP Floater Fund Direct Growth
10.64%
8.19%
-
7.16%
Franklin India Floating Rate Direct Growth
Franklin India Floating Rate Direct Growth
10.32%
8.32%
6.98%
7.18%
Nippon India Floating Rate Fund Direct Plan Growth Plan
Nippon India Floating Rate Fund Direct Plan Growth Plan
9.69%
7.61%
7.18%
8.05%
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Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Floating Rate Fund Direct Growth, since 14 May 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Kotak Money Market Direct Growth
7.25%
6.62%
Kotak Liquid Fund Growth Direct
6.87%
6.43%
Kotak Bond Short Term Plan Direct Growth
7.64%
6.85%
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.57L Cr
as on 31-Mar-2025
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com

Mutual Fund Insights

Insights icon
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.59% return, outperforming this fund by 0.1% per annum.
Insights icon
In the last 1 year, DSP Floater Fund Direct Growth has given 10.64% return, outperforming this fund by 0.98%.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 13.6% moving from 0.22 to 0.25.
Insights icon
This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.25% which is lower than the category average expense ratio of 0.54%.
Insights icon
Over the last 6 months, this fund has experienced a 12.8% drop in AUM moving from 3.68K Cr to 3.21K Cr.
Insights icon
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.23% return, outperforming this fund by 0.62% per annum.

Kotak Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.39% since inception which is more than its category average return of 6.44%
AUM size ₹3218 Cr

AUM size ₹3218 Cr

This fund has AUM of ₹3218 Cr which is less than its category average of ₹ 4192 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for Kotak Floating Rate Fund Direct Growth

The current NAV of Kotak Floating Rate Fund Direct Growth is ₹1527.49 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
Kotak Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.65%
1.65%
6 Month Returns
4.75%
4.75%
1 Year Returns
9.66%
9.66%
3 Years Returns
24.63%
7.62%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.25% as on March 2025
₹3218 Cr as on March 2025
7.53% Govt Stock 2034(16.15%), 7.59% Govt Stock 2031(9.71%), Pipeline Infrastructure Ltd. 0.0796%(5.05%), Mankind Pharma Ltd(4.56%), REC Ltd. 0.0771%(4.56%) as on March 2025
Corporate(59.58%), Government(37.4%), Cash Equivalent(3.02%) as on March 2025
Yield to Maturity is 7.64 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.72 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
84.17
AA
15.83
Deepak Agrawal is the fund manager of Kotak Floating Rate Fund Direct Growth
The Exit load of Kotak Floating Rate Fund Direct Growth is 0%