Item: Kotak Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum Cap Wdrl
Rating: 4
Author: Morningstar

Home › Mutual Funds › Kotak Mutual Fund › Kotak Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum Cap Wdrl

1218.031 (0.063%)

NAV on May 14, 2024

Category Fixed income:
Floating Rate

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 3,871 cr

Turnover Ratio 38.00%

Expense Ratio 0.24%

Exit Load -

Returns

1M: 0.56%
1Y: 7.72%
3M: 2.02%
3Y: 5.96%
6M: 3.84%
5Y: 6.57%

Min Investment 100

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ADDITIONAL INFO

Fund Manager Deepak Agrawal (Since about 5 years) Manu Sharma (Since over 1 year) Palha Khanna (Since 11 months)

ISIN INF174KA1EF3

Fund Family Kotak

Launch Date May 14, 2019

Benchmark Nifty Short Duration Debt TR INR

Avg. Maturity 3.62 years

Yield To Maturity (%) 8.15%

INVESTMENT OBJECTIVE

The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

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NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
ICICI Prudential Floating Interest Fund Direct Plan Growth	420.701	8.58%	9,867 cr	0.61%	Above Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	46.286	8.11%	14,483 cr	0.26%	Below Average
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth	326.325	7.84%	12,769 cr	0.23%	Low