Kotak Banking and PSU Debt Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Banking & PSU|
More about this fund
|182 DTB 03062021||3.57%|
|6.79% Govt Stock 2027||3.57%|
|State Bank of India||3.5%|
|Indian Railway Finance Corporation Limited||2.61%|
|7.33% Govt Stock 2031||2.42%|
|Rural Electrification Corporation Limited||1.83%|
|7.59% Govt Stock 2026||1.82%|
|Bank of Baroda||1.68%|
About Kotak Banking and PSU Debt Fund
Kotak Banking and PSU Debt Fund is an open-ended debt scheme which has the objective to generate income by predominantly investing in debt and money market instruments of banks, PSUs, and reverse repos, the sovereign securities issued by the Central and state governments, and other securities that are unconditionally guaranteed by the government.
Pros and Cons of Kotak Banking and PSU Debt Fund
The risk-adjusted returns of the fund are higher than the other funds in the category. Also, the one-year, three-year, and five-year returns have been higher than the category average returns. The exit load for the fund is stated to be nil.
Fund Information and Statistics
i) Inception/Launch Date
Kotak Banking and PSU Debt Fund was rolled out on 29 December 1998.
ii) Risk Level
The fund is associated with a moderately low risk profile since the investment made is held for a short- to medium-term and is invested majorly in debt and money market instruments.
No lock-in period is applicable to the principal invested on the fund. Since there is no exit load, you can redeem the fund units at any time.
iv) Fund Manager
The Fund Manager for Kotak Banking and PSU Debt Fund is Mr Deepak Agarwal.
v) Entry/Exit Load
Kotak Banking and PSU Debt Fund does not include both entry and exit load on the purchase and redemption of the fund units.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund was incorporated on 5 August 1994 and got registered with SEBI on 23 June 1998. The sponsor of the fund house is Kotak Mahindra Bank Limited and the trustee company is Kotak Mahindra Trustee Corporation Limited. As on 30 June 2020, the average assets under management (AAUM) of the fund house is Rs.1,67,324.26 crore.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns