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Kotak Banking and PSU Debt Direct Daily Dividend Reinvestment

Debt

  

Banking and PSU Fund

NAV

10.26 -0.0015

as on (15 Sep, 2017)

RETURNS

6.67 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.29 %

Benchmark

CRISIL Banking and PSU Debt TR INR

Asset Size

5224.88 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.

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Fund manager

Deepak Agrawal

(since 15 Apr, 2008)

Exit load

N / A

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Axis Bank Limited

13.5 %

U.P. Power Corporation Limited

7.65 %

Rural Electrification Corporation Limited

6.71 %

Power Finance Corporation Ltd.

5.74 %

Sector Allocation

About the Scheme Type

Banking and PSU Fund

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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Overview of Kotak Mahindra Asset Management Co Ltd

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of Kotak Mahindra bank Limited (KMBL), is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). Kotak Mutual Fund started operations in December 1998 and has approximately 7.5 Lac investors in various schemes. Kotak Mutual Fund offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities. The company is present in 80 cities and has 84 branches.

Vision of Kotak Mutual Fund – Kotak Mutual Fund envisions to be a responsible player in the Indian mutual fund space, offering best in class products across investor lifecycle. We, at Kotak Mutual Fund, strive hard to deliver consistent performance over the benchmark across all our products, thereby creating customer satisfaction. Our 12 years of existence, offering a broad range of investment products across asset classes with varying risk parameters that cater to needs of various customer segments, have enabled us to garner trust of over 10 lac investors.