Kotak Floating Rate Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Floater Fund category.

The NAV for Kotak Floating Rate Fund Fund is 1,383.849 as of 19 Jun 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given 5.60% annualized return for the last 3 years.

At present Kotak Floating Rate Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of      for

Below table shows comparison of Kotak Floating Rate Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of 36,000 over the period of 3 years.

Total Value Gain Return %
This Fund

39,719

3,719

6.48%

Bank FD

39,824

3,824

6.5%
Gold

40,770

4,770

8.00%

Fund Information

  • As of 31 Aug 2023, fund size of Kotak Floating Rate Fund is 4,724.99 Cr.

  • Kotak Floating Rate Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 0.62%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • Kotak Floating Rate Fund is an Debt oriented mutual fund in the - Floater Fund category.

  • Nifty 50 Arbitrage Index is the benchmark for Kotak Floating Rate Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 05 May 2019 as at present it is 5 years old fund.

  • Name of the AMC is Kotak Mahindra Mutual Fund. Click here to know more about Kotak Mahindra Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Kotak Floating Rate Fund managed by following fund manager(s);

How does the Return Comparison of the Kotak Floating Rate Fund fare against peer funds in the Floater fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Kotak Floating Rate Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Floater fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.66% 1.53% 6.24% 6.24% 7.99% 5.60% 5.73% 7.27% 7.64%
Category Average 0.47% 1.12% 5.26% 5.26% 6.91% 5.14% 5.28% 6.74% 7.25%
Kotak Floating Rate Fund 0.22% 0.75% 2.03% 3.87% 7.53% 7.23% 5.60% 6.53% -
HDFC Floating Rate Debt Fund 0.21% 0.75% 2.07% 4.08% 7.95% 7.69% 6.08% 6.75% 7.45%
SBI Floating Rate Debt Fund 0.21% 0.80% 2.20% 4.21% - - - - -
Aditya Birla Sun Life Floating Rate Fund 0.17% 0.68% 1.99% 3.96% 7.58% 7.26% 5.99% 6.53% 7.44%
Aditya Birla Sun Life Floating Rate Fund 0.17% 0.68% 1.99% 3.96% 7.58% 7.26% 5.99% 6.53% 7.44%
ICICI Prudential Floating Interest Fund 0.28% 0.79% 2.05% 4.03% - - - - -

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Kotak Floating Rate Fund are shown below;

Equity -

Debt 96.39%

Others 3.61%

Top Holdings

Name of the InstrumentHolding Percentage
GOVERNMENT OF INDIA 23277 GOI 22SP33 FLT FV RS 100 10.60%
HDFC BANK LIMITED SR Z005 RR NCD 30SP24 FVRS10LAC 9.35%
POWER FINANCE CORPORATION LTD. SR 211 BR BD 02AG24 FVRS10LAC 6.45%
AXIS BANK LIMITED CD 11MAR24 5.41%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23C 7.25 LOA 01AG25 FVRS10LAC 4.56%
Others 63.63%

Allocation by Instruments

Type of the InstrumentHolding Percentage
GOVERNMENT SECURITIES 12.75%
DEBENTURE 34.43%
BOND 30.74%
CERTIFICATE OF DEPOSIT 13.03%
COMMERCIAL PAPER 0.46%

Portfolio Holdings shown is as of 31 Aug 2023

Riskometer

Investors understand that their principal
will be at Low to Moderate risk