Kotak Floating Rate Fund Direct - Growth
(Scheme Rating)
NAV as of Jan 27, 2025
1,484.040.03%
- Growth - Direct
(Earn upto 0.38% Extra Returns with Direct Plan)
Fund Category:
Debt: Floater
Expense Ratio:
0.25%(0.30% Category
average)Fund Size:
Rs. 3,577.76 Cr(6.96% of Investment in Category)
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Kotak Floating Rate Fund Direct - Growth
(Scheme Rating)
NAV as of Jan 27, 2025
1,484.040.03%
Expense Ratio:
0.25%
Fund Size:
Rs. 3,577.76 Cr
Fund Category:
Debt: Floater
Kotak Floating Rate Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Kotak Floating Rate Fund - Direct Plan as of Jan 27, 2025 is Rs 1,484.04 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.64% (1yr), 6.79% (3yr), 7.27% (5yr) and 7.16% (since launch). Whereas, Category returns for the same time duration are: 8.183203950591666% (1yr), 6.578586487396083% (3yr) and 6.394692133507571% (5yr).
3. Fund Size: The Kotak Floating Rate Fund - Direct Plan currently holds Assets under Management worth of Rs 3577.764 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Dec 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Kotak Floating Rate Fund - Direct Plan as of Jan 27, 2025 is Rs 1,484.04 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.64% (1yr), 6.79% (3yr), 7.27% (5yr) and 7.16% (since launch). Whereas, Category returns for the same time duration are: 8.183203950591666% (1yr), 6.578586487396083% (3yr) and 6.394692133507571% (5yr).
3. Fund Size: The Kotak Floating Rate Fund - Direct Plan currently holds Assets under Management worth of Rs 3577.764 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Dec 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Floating Rate Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.61 1.74 4.05 8.58 6.80 7.27 Category Avg 0.67 1.71 3.83 8.19 6.60 6.39 Rank within Category 11 9 6 6 11 2 No. of funds within Category 12 12 12 12 12 7 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Floating Rate Direct-G
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Kotak Floating Rate Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | May 14, 2019 |
| Benchmark | NIFTY Short Duration Debt Index A-II |
| Return Since Launch | 7.16% |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Risk Grade | Above Average |
| Return Grade | Average |
Kotak Floating Rate Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 1.6 | 9.43 | 0.5672 | 2.6985 |
| Average Maturity(Yrs) | 5.21 | 23.6 | 0.9972 | 6.4326 |
| Yield to Maturity(%) | 7.82 | 8.4489 | 7.01 | 7.8056 |
| Avg Credit Rating | High | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 48.28 | 41.99 |
| Low Risk | 53.22 | 53.59 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | -1.50 | 4.43 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 43.69 | 38.85 |
| CD | - | 4.32 |
| T-Bills | - | 0.59 |
| CP | - | 0.06 |
| NCD & Bonds | 50.46 | 45.13 |
| PTC | 3.05 | 1.40 |
| Cash & Others | 2.48 | 8.81 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| GOI | GOI Securities | Sovereign | SOV | 5,496.32 | 14.90 | - |
| GOI | GOI Securities Floating Rate Bond | Sovereign | SOV | 5,087.44 | 13.79 | 4,95,57,464 |
| GOI | GOI Securities | Sovereign | SOV | 3,989.92 | 10.81 | - |
| 7.68% Small Industries Devp Bank of India Ltd 10/08/2027 | Debenture | Financial | AAA | 2,763.93 | 7.49 | 27,500 |
| 8.12% Bajaj Finance Ltd 10/09/2027 | Debenture | Financial | AAA | 2,007.39 | 5.44 | 20,000 |
| 7.96% Pipeline Infrastructure (India) Pvt Ltd 11/03/2028 | Debenture | Construction | AAA | 1,673.71 | 4.54 | 16,500 |
| 7.32% GOI 13/11/2030 | GOI Securities | Sovereign | SOV | 1,546.57 | 4.19 | 1,50,00,000 |
| 8.05% Tata Capital Housing Finance Ltd 18/06/2029 | Bonds | Financial | AAA | 1,007.87 | 2.73 | 10,000 |
| 7.7% National Bank For Agriculture & Rural Development 30/09/2027 | Debenture | Financial | AAA | 1,006.76 | 2.73 | 10,000 |
| 8.9% Muthoot Finance Ltd 17/06/2027 | Debenture | Financial | AA+ | 1,003.42 | 2.72 | 10,000 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Floating Rate Fund Direct - Growth 1,484.04 3,577.76 0.61 8.58 6.80 7.27 Aditya Birla Sun Life Floating Rate Direct Fund-Growth 344.38 13,287.06 0.61 8.12 7.02 6.65 HDFC Floating Rate Debt Fund Direct Plan-Growth 49.00 14,929.39 0.63 8.52 7.12 6.96 Franklin India Floating Rate Fund Direct-Growth 42.60 290.56 0.64 8.87 7.37 6.49 Tata Floating Rate Fund Direct - Growth 12.50 167.76 0.69 8.28 6.90 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
1.01VS0.90Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.93VS1.61Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.55VS0.87Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
0.29VS0.50Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
4.65VS4.20Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
6.52VS6.72Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
- D.A.Deepak AgrawalSince May 201917 schemes
- M.S.Manu SharmaSince Nov 20229 schemes
Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.
Mr. Sharma has done M.Com and CA. He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Corporate Bond Fund Direct-Growth Corporate Bond 3,781.13 14,149.79 8.70 Kotak Money Market Fund Direct-Growth Money Market 4,377.57 26,727.60 7.77 Kotak Savings Fund Direct-Growth Ultra Short Duration 43.42 13,954.84 7.63 Kotak Low Duration Fund Direct-Growth Low Duration 3,512.54 11,928.37 8.13 Kotak FMP Series 310 - 1131 Days Direct - Growth FMP 11.43 Unrated 125.59 7.80 Kotak FMP Series 308 - 1125 Days Direct - Growth FMP 11.54 Unrated 94.00 8.51 Kotak FMP Series 304 - 3119 Days Direct - Growth FMP 11.99 Unrated 110.01 10.15 Kotak FMP Series 300 - 1223 Days Direct - Growth FMP 11.63 Unrated 241.41 7.80 Kotak FMP Series 292 - 1735 Days Direct - Growth FMP 12.24 Unrated 443.97 8.13
More Kotak Mahindra Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Kotak Equity Arbitrage Fund Direct-Growth | 54,913.13 | 0.72 | 2.02 | 3.79 | 8.36 | 7.25 | |
| Kotak Emerging Equity Fund Direct-Growth | 53,078.98 | -8.07 | -5.94 | -4.18 | 24.44 | 21.62 | |
| Kotak Flexicap Fund Direct-Growth | 50,425.90 | -5.15 | -4.95 | -6.67 | 13.06 | 14.64 | |
| Kotak Liquid Direct - Growth | 33,496.60 | 0.62 | 1.75 | 3.55 | 7.40 | 6.53 | |
| Kotak Money Market Fund Direct-Growth | 26,727.60 | 0.62 | 1.76 | 3.65 | 7.78 | 6.79 | |
| Kotak Equity Opportunities Fund Direct-Growth | 25,783.54 | -6.52 | -7.01 | -6.16 | 16.83 | 18.82 | |
| Kotak Small Cap Fund Direct-Growth | 17,777.85 | -9.38 | -8.89 | -8.16 | 14.05 | 16.51 | |
| Kotak Balanced Advantage Fund Direct - Growth | 16,937.25 | -2.71 | -1.94 | -0.29 | 12.68 | 11.95 | |
| Kotak Bond Short Term Fund Direct-Growth | 16,790.00 | 0.68 | 1.74 | 4.18 | 8.61 | 6.68 | |
| Kotak Multicap Fund Direct - Growth | 16,065.25 | -6.25 | -4.87 | -5.87 | 16.77 | 25.20 |
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About Kotak Floating Rate Fund Direct - Growth
1. Kotak Floating Rate Fund - Direct Plan is Open-ended Floater Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on May 14, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. "
2. It is benchmarked against NIFTY Short Duration Debt Index A-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Floating Rate Fund - Direct Plan is 5.21 years and Duration is 1.6 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Floating Rate Fund Direct - Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Kotak Floating Rate Fund - Direct Plan is Open-ended Floater Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on May 14, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. "
2. It is benchmarked against NIFTY Short Duration Debt Index A-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Floating Rate Fund - Direct Plan is 5.21 years and Duration is 1.6 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Floating Rate Fund Direct - Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Kotak Floating Rate Fund Direct - Growth
- Is it safe to invest in Kotak Floating Rate Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Floating Rate Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of Kotak Floating Rate Fund - Direct Plan?Kotak Floating Rate Fund - Direct Plan belongs to the Debt : Floater category of funds.
- How Long should I Invest in Kotak Floating Rate Fund - Direct Plan?The suggested investment horizon of investing into Kotak Floating Rate Fund - Direct Plan is <1 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Floating Rate Fund - Direct Plan?The Kotak Floating Rate Fund - Direct Plan is managed by Deepak Agrawal (Since May 09, 2019) and Manu Sharma (Since Nov 01, 2022).
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