Kotak Savings Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Ultra Short Duration|
More about this fund
|8.79% Govt Stock 2021||15.33%|
|6.17% Govt Stock 2021||8.43%|
|182 DTB 03062021||7.38%|
|Housing Development Finance Corporation Limited||4.31%|
|Housing Development Finance Corporation Limited||2.49%|
|Rural Electrification Corporation Limited||2.15%|
|Muthoot Finance Limited||1.81%|
|Bajaj Finance Limited||1.79%|
|7.94% Govt Stock 2021||1.58%|
|Bharti Telecom Limited||1.39%|
About Kotak Savings Fund
Kotak Savings Fund, an open-ended debt scheme, aims to generate returns by investing in debt and money market instruments such that the interest rate risk is minimal. The fund is ideal for the investors who are looking for a short-term investment horizon.
Pros and Cons of Kotak Savings Fund
The bright side of Kotak Savings Fund is that no exit load is charged when you redeem/switch out the fund units. The one-year, three-year, and five-year returns have been higher than the category average returns over the past. The risk-adjusted returns are also higher than the category.
Fund Information and Statistics
i) Inception/Launch Date
Kotak Savings Fund was rolled out on 13 August 2004.
ii) Risk Level
Kotak Savings Fund comes with a moderately low risk profile since the fund predominantly invests in debt and money market instruments.
There is no lock-in period for the investment made on the fund, which makes it convenient for you to redeem the fund units whenever you wish. In addition, a nil exit load is applicable on redemption.
iv) Fund Manager
Kotak Savings Fund is currently managed by Mr Deepak Agarwal.
v) Entry/Exit Load
No entry load is applicable as per the SEBI’s norm. Similarly, exit load is not applicable when you redeem/switch out the fund units.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund was registered with Securities and Exchange Board of India on 23 June 1998, while the asset management company started its operations in December 1998. The average assets under management of the fund house is Rs.1,67,324.26 crore as on 30 June 2020.
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Frequently Asked Questions
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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