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Kotak Floating Rate Fund Direct Growth
DebtFloating RateLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹1467.710.02%1D
Returns (Since Inception)
7.19%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹3,702 Cr
Expense Ratio
0.25%
ISIN
INF174KA1EC0
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
14 May 2019
About this fund
Kotak Floating Rate Fund Direct Growth is a Floating Rate mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 5 years, 6 months and 8 days, having been launched on 14-May-19.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1467.71, Assets Under Management (AUM) of 3702.49 Crores, and an expense ratio of 0.25%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1467.71, Assets Under Management (AUM) of 3702.49 Crores, and an expense ratio of 0.25%.
- Kotak Floating Rate Fund Direct Growth has given a CAGR return of 7.19% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 96.77% in debts, and 2.86% in cash & cash equivalents.
- You can start investing in Kotak Floating Rate Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.81%
+8.30% (Cat Avg.)
3 Years
+6.60%
+6.41% (Cat Avg.)
5 Years
+7.25%
+6.38% (Cat Avg.)
Since Inception
+7.19%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹3,582.8 Cr | 96.77% |
| Others | ₹119.69 Cr | 3.23% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.53% Govt Stock 2034 | Bond - Gov't/Treasury | ₹753.19 Cr | 20.34% |
| 7.93% Govt Stock 2033 | Bond - Gov't/Treasury | ₹510.09 Cr | 13.78% |
| 7.98% Govt Stock 2031 | Bond - Gov't/Treasury | ₹398.84 Cr | 10.77% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹201.41 Cr | 5.44% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹175.85 Cr | 4.75% |
| Pipeline Infrastructure Ltd. 0.0796% | Bond - Corporate Bond | ₹167.46 Cr | 4.52% |
| Mankind Pharma Ltd | Bond - Corporate Bond | ₹150.79 Cr | 4.07% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹101.05 Cr | 2.73% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹100.4 Cr | 2.71% |
| Muthoot Finance Ltd. 0.089% | Bond - Corporate Bond | ₹100.33 Cr | 2.71% |
| Tata Capital Financial Services Limited | Bond - Corporate Bond | ₹95.14 Cr | 2.57% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹90.7 Cr | 2.45% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹75.99 Cr | 2.05% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹75.68 Cr | 2.04% |
| Dlf Home Developers Limited 0.085% | Bond - Corporate Bond | ₹75.05 Cr | 2.03% |
| DHRUVA XXII | Bond - Asset Backed | ₹72.61 Cr | 1.96% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹70.45 Cr | 1.90% |
| Net Current Assets/(Liabilities) | Cash | ₹61.71 Cr | 1.67% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹60.38 Cr | 1.63% |
| National Bank for Agriculture and Rural Development 0.0768% | Bond - Gov't Agency Debt | ₹50.45 Cr | 1.36% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹50.27 Cr | 1.36% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹50.25 Cr | 1.36% |
| Triparty Repo | Cash - Repurchase Agreement | ₹44.08 Cr | 1.19% |
| VAJRA 008 TRUST | Bond - Asset Backed | ₹36.97 Cr | 1.00% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹27.11 Cr | 0.73% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.17 Cr | 0.68% |
| Pipeline Infrastructure Pvt Ltd. | Bond - Corporate Bond | ₹15.14 Cr | 0.41% |
| SBI ALTERNATIVE INVESTMENT FUND | Mutual Fund - Open End | ₹13.84 Cr | 0.37% |
| Bahadur Chand Investments Private Limited 0.0925% | Bond - Corporate Bond | ₹12.45 Cr | 0.34% |
| Bahadur Chand Investments Private Limited 0.0925% | Bond - Corporate Bond | ₹12.42 Cr | 0.34% |
| Bank Of Baroda | Bond - Corporate Bond | ₹11.98 Cr | 0.32% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹10.18 Cr | 0.27% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.14% |
| 08.10 Up SDL 2025 | Bond - Gov't/Treasury | ₹0.06 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,750.47 Cr | 47.28% |
| Bond - Gov't/Treasury | ₹1,672.36 Cr | 45.17% |
| Bond - Asset Backed | ₹109.58 Cr | 2.96% |
| Cash | ₹61.71 Cr | 1.67% |
| Bond - Gov't Agency Debt | ₹50.45 Cr | 1.36% |
| Cash - Repurchase Agreement | ₹44.08 Cr | 1.19% |
| Mutual Fund - Open End | ₹13.84 Cr | 0.37% |
Risk & Performance Ratios
Standard Deviation
This fund
1.04%
Cat. avg.
1.13%
Lower the better
Sharpe Ratio
This fund
0.43
Cat. avg.
0.24
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.56
Higher the better
Fund Managers
DA
Deepak Agrawal
Since May 2019
Manu Sharma
Since November 2022
Additional Scheme Detailsas of 31st October 2024
ISIN INF174KA1EC0 | Expense Ratio 0.25% | Exit Load No Charges | Fund Size ₹3,702 Cr | Age 5 years 6 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark Nifty Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Floating Rate Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| DSP Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹729.43 Cr | 9.7% |
| DSP Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹729.43 Cr | 9.3% |
| Axis Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹232.97 Cr | 9.8% |
| Axis Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹232.97 Cr | 9.4% |
| Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹300.79 Cr | 8.3% |
| Nippon India Floating Rate Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹7820.98 Cr | 8.2% |
| ICICI Prudential Floating Interest Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹8674.64 Cr | 8.3% |
| HDFC Floating Rate Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14941.21 Cr | 8.7% |
| Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹300.79 Cr | 9.1% |
| Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹13285.65 Cr | 8.3% |
About the AMC
Kotak Mahindra Mutual Fund
Total AUM
₹5,12,585 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Kotak Floating Rate Fund Direct Growth?
The NAV of Kotak Floating Rate Fund Direct Growth, as of 21-Nov-2024, is ₹1467.71.
What are the returns of Kotak Floating Rate Fund Direct Growth?
The fund has generated 8.81% over the last 1 year and 6.60% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Kotak Floating Rate Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 96.77% in bonds, and 2.86% in cash and cash equivalents.
Who manages the Kotak Floating Rate Fund Direct Growth?
The fund managers responsible for Kotak Floating Rate Fund Direct Growth are:-
- Deepak Agrawal
- Manu Sharma
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.