Kotak Banking and PSU Debt - Monthly Payout of Income Distribution cum capital withdrawal option

Kotak Banking and PSU Debt - Monthly Payout of Income Distribution cum capital withdrawal option is a scheme launched by Kotak Mutual Fund on May 07, 1999, and falls under the Banking and PSU fund category. It currently manages an AUM of Rs 5,794.84 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.75% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Kotak Banking and PSU Debt - Monthly Payout of Income Distribution cum capital withdrawal option trailing returns over different times are 7.7% (1 year), 6.02% (3 year) and 3.43% (5 year). The average annual return of this fund stands at 5.53%.