Kotak Savings Fund (Growth)

Kotak Savings Fund-Growth is a direct ultra short-duration debt mutual fund scheme provided by Kotak Mahindra Mutual Fund. It predominantly invests in debt instruments and aims to achieve returns through a lower interest rate risk. The fund was previously known as Kotak Treasury Advantage Fund Reg Gr. It aims to outperform the benchmark with risk lower than the benchmark. Kotak Mahindra Asset Management Co Limited manages the fund with the fund manager being Mr. Deepak Agarwal.

Kotak Savings Fund-Growth Investment Objective

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reducing the interest rate risk. However, there is no assurance 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. The fund has an investment of 95.16% in debt instruments of which its investment in government securities is 31.49% and 63.67% in low-risk debt securities and instruments.

Kotak Savings Fund-Growth Scheme Details

The scheme was launched on 13th August 2004 and it has been in existence for the past 17 years. It continues to provide growth of investment at par with inflation over the investment duration.

NAV and Returns– As of 22nd June 2021, the NAV of the fund is Rs 33.97. The risk-o-meter of the fund is low to moderate risk. Kotak Savings Fund is a 17-year-old fund and has delivered a return of 7.50% since its inception.

Minimum Investment– The fund requires a minimum SIP investment of Rs 1,000 and a minimum lump sum investment of Rs 5,000

Expense Ratio and Exit Load– The expense ratio for the fund is 0.77% which is close to the expense ratio charged by other AMCs for similar funds. No exit load is charged on the redemption of the units of these funds.

Fund Manager– The fund is managed by Mr. Deepak Agarwal. Mr. Deepak Agarwal has been managing the fund since 15th April 2008. He has been associated with Kotak Mahindra Asset Management Co Limited since the year 2000. He posses over 16 years of experience in financial markets

Other Details- No lock-in period for the scheme, you can redeem your investment anytime. As of 22nd June 2021, the AUM of Kotak Savings Fund is Rs 11,760 cr. The fund benchmarks to NIFTY Ultra Short Duration Debt TR INR.

Kotak Savings Fund-Growth Top Stock Holdings

The Kotak Savings Fund-Growth has invested its assets majorly in the debt instruments of the following companies:

Asset Allocation of Kotak Savings Fund-Growth

The Kotak Savings Fund-Growth has invested in the following debt instruments:

Kotak Savings Fund Review

Scripbox recommends Kotak Savings Fund-Growth for investment within ultra-short duration mutual funds. Ultra short-duration funds provide returns at par with inflation over the investment duration. These funds are suitable for an investment objective with an investment duration of 1-5 years or longer.

1. The fund has an extended history of 17 years for analysis. Track record is excellent.
2. With an AUM or relative size of Rs 11,760 cr, the fund is a category leader in size.
3. The scheme has performed well consistently over a period of time and the returns earned are similar to other funds in the same category of mutual funds.
4. Very low impact of interest rate changes on the fund. In a way, the scheme has proven to be dependable under the ultra-short duration funds category
5. The fund has a high credit quality compared to other debt funds in the same category. This indicates that it has lent to borrowers whose credit quality is good. With better borrowers, it ensures a low default risk. 

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