Significantly investing in low duration debt and money market securities, Kotak Low Duration Fund aims at providing capital appreciation. The Macaulay duration of the portfolio of the fund is in between 6 months to 12 months. Kotak Low Duration Fund Growth is suitable for investors who have short-term investment horizon and a moderate risk appetite.
|Fund Type||Open Ended|
|Asset Size(Cr)||4526.78 (As on Mar 31, 2019)|
|Fund Manager||Deepak Agrawal|
|Notes||PineBridge Mutual Fund has been taken over by Kotak Mutual Fund, accordingly, all existing schemes of PineBridge Mutual Fund has been renamed with Kotak w.e.f. January 31, 2015. PineBridge India Short Term Fund has been rename as Kotak Low Duration Fund w|
|Min SIP Investment||1000|
|Min Addl Investment||1000|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Franklin India Low Duration Fund (G)||8.56%||8.83%||9.16%|
|L&T Low Duration Fund (G)||7.3%||8.11%||8.66%|
|ICICI Prudential Savings Fund (G)||7.71%||7.71%||8.26%|
|Tata Treasury Advantage Fund (G)||7.82%||7.7%||8.14%|
|IDFC Low Duration Fund (G)||7.41%||7.7%||8.2%|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
Kotak Low Duration Fund invests in money market and low duration debt securities to generate regular income for investors. This scheme was first introduced on 6th March 2018 by Kotak Mutual Fund. Considering 3-years annual returns, it has maintained 4th ranking within the category. The maturity period for this scheme is less than a year which shows moderate credit risk to the investor.
The main focus of Kotak Low Duration Fund Growth is to generate income for investors in a short-duration by investing in the debt low duration category. Mr Deepak Agrawal is the fund manager of the scheme since 31st Jan 2015. Mr Arjun Khanna is the dedicated fund manager appointed for investing in foreign securities.
The units allocated for investing dividends back to the scheme in mutual funds are free from entry and exit loads. Kotak Low Duration Fund is suitable for the investors who want to deploy their surplus money in debt and money market securities for a short-term capital appreciation. Since inception, the fund has maintained an annualised rate of returns at 8.79% as on 30th Oct 2018.
Kotak Low Duration Fund invests in different interest-bearing securities such as corporate bonds, government securities, treasury bills, money market securities, etc., which ensure stability to the portfolio.
Kotak Low Duration Fund has total 73 securities in the portfolio with 1-year high is 88, and 1-year low is 69 as on 30th Oct 2018. The fund has a yield-to-maturity percentage of 9.62 which is higher than the category’s percentage of 8.82%.
The fund managers of Kotak Low Duration Fund G invests dominantly in debt instruments of AA companies (59.86%), followed by A1+ companies (14.24%), AAA companies (12.01%), A and below companies (10.87%), and cash equivalent (3.02%).
The top 6 holdings of the fund are in 8.97% Uttar Pradesh Power Corporation 2021, 9.48% Bank of Baroda, SD Corporation 2020, 9.99% Manappuram Finance 2019, Edelweiss Commodities Services 2021, and Suraksha Realty 88-D 30/11/2018 as on 30th Oct 2018.
Kotak Low Duration fund has generated trailing returns in 6-months at 3.82%, in 1-year at 7.17%, and in 3-years at 8.53%. Considering the rank within a category for 3-years trailing returns, it maintains 2nd rank. From 26 Feb 2014 to 27 Feb 2015, and from 15 May 2013 to 15 May 2014, it has generated the best and worst returns at 10.97% and 6.77%, respectively.
It can be concluded that Kotak Low Duration scheme is suitable for the investors who want to invest in debt instruments for a regular income or capital appreciation purpose with the maturity period of around 1-year. The investors can consider this fund while looking for top-performing funds of the debt- low duration fund category for capital appreciation.
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