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

1291.050 (0.028%)

NAV on January 17, 2025

Category Fixed income:
Floating Rate

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 3,578 cr

Turnover Ratio 102.59%

Expense Ratio 0.25%

Exit Load -

Returns

1M: 0.57%
1Y: 8.64%
3M: 1.77%
3Y: 6.81%
6M: 4.30%
5Y: 7.19%

Min Investment 100

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ADDITIONAL INFO

Fund Manager Deepak Agrawal (Since over 5 years) Manu Sharma (Since about 2 years)

ISIN INF174KA1EF3

Fund Family Kotak

Launch Date May 14, 2019

Benchmark Nifty Short Duration Debt TR INR

Avg. Maturity 5.70 years

Yield To Maturity (%) 7.81%

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
Axis Floater Fund Direct Growth	1256.093	9.11%	169 cr	0.20%	High
ICICI Prudential Floating Interest Fund Direct Plan Growth	445.321	8.78%	7,777 cr	0.55%	Above Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	48.919	8.51%	14,929 cr	0.26%	Average
Nippon India Floating Rate Fund Direct Plan Growth Plan	45.525	8.43%	7,581 cr	0.31%	Average