Kotak Credit Risk Growth
Kotak Credit Risk Growth4Morning Star
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Min amount: ₹1,500
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Credit Risk|
|Exit Load||1% for 365 Days|
More about this fund
|Housing Development Finance Corporation Limited||4.88%|
|JSW Techno Projects Management Limited||4.63%|
|Talwandi Sabo Power Limited||4.03%|
|POWER FINANCE CORPORATION LIMITED||3.26%|
|Prestige Estates Projects Limited||3.19%|
|Punjab and Sind Bank||2.97%|
|Muthoot Finance Limited||2.72%|
|Sarvoday Advisory Services Private Limited||2.5%|
About Kotak Credit Risk Fund
The Scheme is an open-ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds). The Scheme is benchmarked against Crisil Composite AA Short Term Bond Index.
Pros & Cons of Kotak Credit Risk Fund
Kotak Credit Risk Fund offers following features:
- The Scheme seeks to maintain reasonable liquidity within the scheme. The Scheme invests in securities offering high accrual by taking on a slightly higher credit risk.
- The fund manager also seeks to capitalize on opportunity of potential credit rating upgrades from time to time.
- The Scheme underperformed compared to benchmark and category average in 1 year and 3 year horizon.
Fund Information and Statistics of IDFC Infrastructure Fund
i) Inception / Launch date
The Scheme was launched by Kotak Mutual Fund on 11 May 2010.
ii) Risk level
Being a debt scheme, the scheme is moderately low risk proposition and ideal investment horizon is 15 months or more.
The minimum redemption is Rs 1000 or 100 units. The Scheme is open for repurchase/redemptions on all business days by fund house.
iv) Fund Manager
Mr. Deepak Agarwal is currently managing the Scheme who is associated with the scheme since inception.
v) Entry / Exit load
10% of the units can be redeemed without an exit load from the date of the allotment. Exit load of 1% is payable if units are redeemed/switched out within 1 year from date of allotment in excess of 10% of units. No exit load is charged by the fund house if redeemed/switched out after 1 year from the date of allotment. No entry load is charged by the fund house.
Tax benefits of investing in the 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. Thus, holding for more than 3 years recommended availing tax benefits.
About Kotak Mutual Fund
The fund house is managed by Kotak Mahindra Asset Management Company Limited . 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: ₹1,500
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