These are the top-ranked funds within banking and psu mutual funds.However, Scripbox does not recommend investing in banking and psu mutual funds.Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.
They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.
The category accounts for close to 8% of the total assets in the Debt Segment.
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
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Scheme Information
Investment 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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Kotak Mahindra Asset Management Co Ltd manages assets worth 220,225 crores and was set up on 5 August 1994. It's current offering of mutual fund schemes includes 34 equity,162 debt and 26 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About Kotak Banking and PSU Debt fund (DR-D)
About Kotak Banking and PSU Debt fund (DR-D)
Kotak Banking and PSU Debt fund (DR-D) is a banking and psu debt fund and has delivered an annualised return of 6.8% over a period of 8 years .The fund was previously known as Kotak Banking and PSU Debt Dl Div.The fund is managed by Kotak Mahindra Asset Management Co Ltd.The fund manager’s name is Deepak Agrawal.
Kotak Banking and PSU Debt fund (DR-D) Investment 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. However, there is no assurance that the objective of the scheme will be realized.
Kotak Banking and PSU Debt fund (DR-D) NAV,AUM,Risk
The Kotak Banking and PSU Debt fund (DR-D) fund was launched on Aug 21, 2013. The NAV (Net Asset Value) of this banking and psu debt as of 2017-09-15 is ₹ 10.188. The total AUM (Asset Under Management) of the fund as of 2021-03-08 is ₹ 11292.355. The category risk of the Kotak Banking and PSU Debt fund (DR-D) fund is Moderate Risk.
The fund charges 0.77 % as expense ratio.
Kotak Banking and PSU Debt fund (DR-D) Holdings
The fund’s highest allocation is towards debt and has invested 79.1% in this asset class. The top three holdings of the fund are national bank for agriculture and rural development,6.79% govt stock 2027 and state bank of india
Kotak Banking and PSU Debt fund (DR-D) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Kotak Banking and PSU Debt fund (DR-D) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Banking and PSU Debt TR INR.
Kotak Banking and PSU Debt fund (DR-D) Review
Kotak Banking and PSU Debt fund (DR-D) has a score of 4 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, Kotak Banking and PSU Debt fund (DR-D) has a score of 5 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
