Kotak Corporate Bond Fund
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Min amount: 1500
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Corporate Bond|
More about this fund
|Power Finance Corporation Ltd.||5.46%|
|Reliance Industries Limited||5.11%|
|Rent a Device Trust||4.84%|
|L & T Finance Ltd||4.59%|
|PNB Housing Finance Ltd||4.18%|
|SP Jammu Udhampur Highway Limited||3.41%|
|SP Jammu Udhampur Highway Limited||3.36%|
|Rural Electrification Corporation Limited||3.1%|
|Housing Development Finance Corporation Limited||3.07%|
|HDB FINANCIAL SERVICES LIMITED||3.06%|
About Kotak Corporate Bond Fund
The Scheme is an open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. The Scheme is benchmarked against Crisil Corporate Bond Fund Index. The Scheme seeks to generate regular income over short term period.
Pros & Cons of Kotak Corporate Bond Fund
Kotak Corporate Bond Fund offers following features: 1. As per new SEBI regulation, corporate bond funds must invest at least 80% in highest rated corporate bonds i.e. rating AAA which makes these funds relatively lower risk option. 2. The Scheme has outperformed the benchmark and category average in 3 year horizon and 5 year horizon. 3. The Scheme has provided annualized return of 8.10% since inception. The corporate bond category has offered around 6.52% in last 3 year horizon and 7.71% in last 5 year horizon.
Fund Information and Statistics of Kotak Corporate Bond Fund
i) Inception / Launch date
The Scheme was launched by Kotak Mutual Fund on 21 September 2007. The Scheme was earlier known as PineBridge India Total Return Bond Fund.
ii) Risk level
Being a corporate bond fund, the scheme is moderately low risk proposition and suitable investment horizon is 3 to 5 years.
The Scheme is open for repurchase/redemptions on all business days by fund house and redemption proceeds are generally paid within 10 business days.
iv) Fund Manager
The Scheme is currently being managed by Mr. Deepak Agrawal who is managing the scheme since February 2015.
v) Entry / Exit load
No entry or exit load is charged by the fund house on subscriptions or redemptions, respectively.
Tax benefits of investing in Kotak Corporate Bond Fund
Long term capital gains are taxed at the rate of 20% after indexation (if held for 36 months or more). Short term gains are added to income and subject to short term capital gain tax as per income tax slab under the Act.
About Kotak Mutual Fund
The fund house is managed by Kotak Mahindra Asset Management Company Limited (the “AMC”). It started operations in December 1998. The fund house offers schemes catering to investors with different risk appetite and was the first fund house in India to launch a dedicated gilt scheme. The AMC manages assets worth more than Rs 1.25 lakh crore.
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Min amount: 1500
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