Fund Performance
Lumpsum
SIP
4.85
as on 08 Dec 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,525 today.
NAV Performance
Fund Information
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₹ 1,329.932
as on 08 Dec 2023 -
Regular - Growth
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-
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₹ 5,000
-
₹ 4,257 Cr.
as on 31 May 2023 -
0.63%
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14 May 2019
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CRISIL 10 Year Gilt Index
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Kotak Mahindra Mutual Fund
Show All Funds
Highlights of this fund
Kotak Floating Rate Fund is an Open-ended Debt Fund. The fund belongs to Floater Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 14 May 2019. This fund is offered by one of the top AMC (Assets Management Company) Kotak Mahindra Mutual Fund. You can also view here all other Debt funds offered by Kotak Mahindra Mutual Fund.
Latest NAV of the fund is ₹ 1,329.932 as on 08 Dec 2023.
This fund has 4 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.63%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund 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.
List of Fund Managers of Kotak Floating Rate Fund
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About Vihag Mishra
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About Manu Sharma
Mr. Sharma has done M.Com and CA. He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
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About Deepak Agrawal
Mr. Deepak Agrawal's career started from Kotak AMC when he joined the organisation in December 2002. He was initially in Research, Dealing and eventually moved into Fund Management from November 2006.He holds a Post Graduate Degree in Commerce from Mumbai University, and is a qualified chartered account and a company secretary. He has also cleared AIMR CFA Level I.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Moderately Low Risk
Fund Return Comparison
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.15% | 0.64% | 1.66% | 4.03% | 7.59% | 5.92% | 5.42% | 6.99% | 7.54% | 7.77% | 7.13% | 6.18% | 6.31% | 6.97% |
| Category Average | 0.14% | 0.54% | 1.55% | 3.53% | 7.25% | 5.48% | 5.01% | 6.44% | 7.16% | 7.27% | 6.62% | 5.83% | 5.93% | 6.66% |
| Kotak Floating Rate Fund | 0.13%₹ 10,013 | 0.53%₹ 10,052 | 1.54%₹ 10,154 | 3.52%₹ 10,352 | 7.10%₹ 10,709 | 7.19%₹ 12,461 | 5.13%₹ 11,051 | 6.40%₹ 25,617 | 4.85%₹ 11,525 | 5.69%₹ 39,251 | - | - | - | - |
| HDFC Floating Rate Debt Fund | 0.15%₹ 10,015 | 0.53%₹ 10,052 | 1.56%₹ 10,155 | 3.74%₹ 10,373 | 7.54%₹ 10,754 | 7.57%₹ 12,486 | 5.87%₹ 11,207 | 6.96%₹ 25,761 | 5.42%₹ 11,714 | 6.18%₹ 39,541 | 6.80%₹ 13,902 | 6.31%₹ 70,370 | 7.52%₹ 20,674 | 6.97%₹ 1,71,737 |
| ICICI Prudential Floating Interest Fund | 0.15%₹ 10,015 | 0.56%₹ 10,055 | 1.53%₹ 10,152 | 4.03%₹ 10,402 | 7.59%₹ 10,758 | 7.77%₹ 12,499 | 5.64%₹ 11,159 | 7.13%₹ 25,804 | 5.28%₹ 11,670 | 6.15%₹ 39,522 | 6.73%₹ 13,853 | 6.27%₹ 70,304 | 7.32%₹ 20,286 | 6.81%₹ 1,70,382 |
| Aditya Birla Sun Life Floating Rate Fund | 0.14%₹ 10,013 | 0.52%₹ 10,052 | 1.59%₹ 10,158 | 3.46%₹ 10,346 | 7.40%₹ 10,740 | 7.29%₹ 12,468 | 5.92%₹ 11,218 | 6.77%₹ 25,711 | 5.22%₹ 11,650 | 6.07%₹ 39,471 | 6.62%₹ 13,782 | 6.10%₹ 69,997 | 7.54%₹ 20,704 | 6.90%₹ 1,71,158 |
| Franklin India Floating Rate Fund | 0.14%₹ 10,013 | 0.64%₹ 10,064 | 1.66%₹ 10,166 | 3.70%₹ 10,369 | 7.29%₹ 10,729 | 7.41%₹ 12,476 | 5.54%₹ 11,139 | 6.68%₹ 25,688 | 4.94%₹ 11,557 | 5.79%₹ 39,310 | 5.64%₹ 13,160 | 5.47%₹ 68,903 | 6.00%₹ 17,911 | 5.79%₹ 1,61,473 |
| Nippon India Floating Rate Fund | 0.15%₹ 10,015 | 0.51%₹ 10,050 | 1.50%₹ 10,149 | 3.18%₹ 10,318 | 7.05%₹ 10,704 | 7.04%₹ 12,452 | 5.24%₹ 11,075 | 6.34%₹ 25,602 | 4.86%₹ 11,529 | 5.63%₹ 39,213 | 6.99%₹ 14,026 | 6.12%₹ 70,027 | 7.40%₹ 20,426 | 6.82%₹ 1,70,421 |
Portfolio Holdings
Top Debt Instrument Type holdings of Kotak Floating Rate Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| NCD & Bonds | 61.55% | ₹ 3,018.34 Cr. |
| GOI | 15.36% | ₹ 753.20 Cr. |
| CD | 9.61% | ₹ 471.11 Cr. |
| PTC | 4.17% | ₹ 204.52 Cr. |
| CP | 1.51% | ₹ 74.18 Cr. |
| Others | 7.80% | - |
Top Debt Holdings of Kotak Floating Rate Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Govt of India | 15.36% | ₹ 753.20 Cr. |
| Bond - Housing Development Finance Corporation Ltd. | 10.16% | ₹ 498.26 Cr. |
| Bond - Power Finance Corporation Ltd. | 9.81% | ₹ 481.38 Cr. |
| Bond - Rural Electrification Corporation Limited | 7.11% | ₹ 348.36 Cr. |
| Bond - ICICI Bank Ltd. | 4.78% | ₹ 234.32 Cr. |
| Others | 52.78% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| Reverse Repo | 4.16% |
| Net Receivables | 3.06% |
| TREPS | 0.58% |