Kotak Savings Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (17-May-24)
₹41.300.02%1D
Returns (Since Inception)
7.43%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹13,375 Cr
Expense Ratio
0.37%
ISIN
INF174K01JP2
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Kotak Savings Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹41.30, Assets Under Management (AUM) of 13374.94 Crores, and an expense ratio of 0.37%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹41.30, Assets Under Management (AUM) of 13374.94 Crores, and an expense ratio of 0.37%.
- Kotak Savings Fund Direct Growth has given a CAGR return of 7.43% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 51.37% in debts, and 48.40% in cash & cash equivalents.
- You can start investing in Kotak Savings Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.41%
+6.12% (Cat Avg.)
3 Years
+5.83%
+5.13% (Cat Avg.)
5 Years
+6.02%
+4.99% (Cat Avg.)
10 Years
+7.16%
+5.56% (Cat Avg.)
Since Inception
+7.43%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Debt | ₹6,870.89 Cr | 51.37% |
| Others | ₹6,504.05 Cr | 48.63% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| National Housing Bank | Cash - Commercial Paper | ₹970.93 Cr | 7.26% |
| India (Republic of) | Bond - Short-term Government Bills | ₹585.71 Cr | 4.38% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹482.98 Cr | 3.61% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹458.82 Cr | 3.43% |
| India (Republic of) | Bond - Short-term Government Bills | ₹389.96 Cr | 2.92% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹382.69 Cr | 2.86% |
| India (Republic of) | Bond - Short-term Government Bills | ₹379.43 Cr | 2.84% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹374.85 Cr | 2.80% |
| 182 DTB 22082024 | Bond - Gov't/Treasury | ₹367.05 Cr | 2.74% |
| Mahindra And Mahindra Financial Services Limited | Bond - Corporate Bond | ₹349.66 Cr | 2.61% |
| Nirma Limited 0.083% | Bond - Corporate Bond | ₹250.15 Cr | 1.87% |
| 182 DTB 29082024 | Bond - Gov't/Treasury | ₹244.37 Cr | 1.83% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹238.6 Cr | 1.78% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹237.15 Cr | 1.77% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹236.51 Cr | 1.77% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹236.33 Cr | 1.77% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹235.09 Cr | 1.76% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹234.48 Cr | 1.75% |
| SANSAR TRUST MARCH 2023 II | Bond - Asset Backed | ₹204.19 Cr | 1.53% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹191.14 Cr | 1.43% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹188.37 Cr | 1.41% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹188.16 Cr | 1.41% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹188.15 Cr | 1.41% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹187.91 Cr | 1.40% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹187.78 Cr | 1.40% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹176.71 Cr | 1.32% |
| Indinfravit Trust | Bond - Corporate Bond | ₹175.77 Cr | 1.31% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹174.54 Cr | 1.30% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹169.97 Cr | 1.27% |
| Net Current Assets/(Liabilities) | Cash | ₹167.26 Cr | 1.25% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹165.95 Cr | 1.24% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹163.74 Cr | 1.22% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹154.87 Cr | 1.16% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹150.32 Cr | 1.12% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹150.1 Cr | 1.12% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹149.85 Cr | 1.12% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹149.54 Cr | 1.12% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹145.83 Cr | 1.09% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹141.9 Cr | 1.06% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹140.73 Cr | 1.05% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹124.74 Cr | 0.93% |
| Canara Bank | Cash - CD/Time Deposit | ₹118.64 Cr | 0.89% |
| Canara Bank | Cash - CD/Time Deposit | ₹118.61 Cr | 0.89% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹113.46 Cr | 0.85% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹103.81 Cr | 0.78% |
| Titan Company Limited | Bond - Corporate Bond | ₹100.09 Cr | 0.75% |
| Sundaram Home Finance Limited | Bond - Corporate Bond | ₹99.99 Cr | 0.75% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹99.92 Cr | 0.75% |
| Poonawalla Housing Finance Limited | Bond - Corporate Bond | ₹99.79 Cr | 0.75% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹99.62 Cr | 0.74% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹99.52 Cr | 0.74% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹95.75 Cr | 0.72% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹94.8 Cr | 0.71% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹94.72 Cr | 0.71% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹94.64 Cr | 0.71% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹94.29 Cr | 0.71% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹94.2 Cr | 0.70% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹94.07 Cr | 0.70% |
| Embassy Office Parks REIT 0.0817% | Bond - Corporate Bond | ₹90.26 Cr | 0.67% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹81.83 Cr | 0.61% |
| Rec Limited | Bond - Corporate Bond | ₹75.04 Cr | 0.56% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹74.82 Cr | 0.56% |
| Godrej Industries | Cash - Commercial Paper | ₹74.4 Cr | 0.56% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹73.75 Cr | 0.55% |
| Cholamandalam Investment & Finance Co Ltd. | Bond - Corporate Bond | ₹70.93 Cr | 0.53% |
| Barclays Investments & Loans (India) Limited | Cash - Commercial Paper | ₹70.32 Cr | 0.53% |
| 7.14% Govt Stock 2024 | Bond - Gov't/Treasury | ₹49.98 Cr | 0.37% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹49.95 Cr | 0.37% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹49.88 Cr | 0.37% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹49.88 Cr | 0.37% |
| 182 DTB 20062024 | Bond - Gov't/Treasury | ₹44.58 Cr | 0.33% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹35.22 Cr | 0.26% |
| SBI ALTERNATIVE INVESTMENT FUND | Mutual Fund - Open End | ₹31.04 Cr | 0.23% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹29.79 Cr | 0.22% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹24.98 Cr | 0.19% |
| Reliance Jio Infocomm Ltd. | Cash - Commercial Paper | ₹24.9 Cr | 0.19% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.89 Cr | 0.19% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹24.65 Cr | 0.18% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹24.48 Cr | 0.18% |
| Goi 12.09.2025 Gov | Bond - Gov't/Treasury | ₹22.74 Cr | 0.17% |
| 0% GOI - 17122026 STRIPS | Bond - Gov't/Treasury | ₹20.97 Cr | 0.16% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹14.97 Cr | 0.11% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹12.51 Cr | 0.09% |
| Poonawalla Fincorp Limited | Bond - Corporate Bond | ₹9.98 Cr | 0.07% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹5 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹5,329.11 Cr | 39.84% |
| Cash - CD/Time Deposit | ₹3,797.59 Cr | 28.39% |
| Cash - Commercial Paper | ₹1,659.13 Cr | 12.40% |
| Bond - Short-term Government Bills | ₹1,355.1 Cr | 10.13% |
| Bond - Gov't/Treasury | ₹749.68 Cr | 5.61% |
| Bond - Asset Backed | ₹286.03 Cr | 2.14% |
| Cash | ₹167.26 Cr | 1.25% |
| Mutual Fund - Open End | ₹31.04 Cr | 0.23% |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.54%
Cat. avg.
0.73%
Lower the better
Sharpe Ratio
This fund
0.79
Cat. avg.
-0.83
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.13
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF174K01JP2 | Expense Ratio | 0.37% | Exit Load | No Charges | Fund Size | ₹13,375 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Ultra Short Duration Debt TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹240.88 Cr | 6.6% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹525.85 Cr | 6.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1259.19 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1259.19 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹284.82 Cr | 6.9% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹284.82 Cr | 6.3% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2349.32 Cr | 6.9% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹5653.60 Cr | 6.9% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹220.10 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹220.10 Cr | 7.5% |
About the AMC
Total AUM
₹4,14,792 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Kotak Savings Fund Direct Growth?
The NAV of Kotak Savings Fund Direct Growth, as of 17-May-2024, is ₹41.30.
What are the returns of Kotak Savings Fund Direct Growth?
The fund has generated 7.41% over the last 1 year and 5.83% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Kotak Savings Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 51.37% in bonds, and 48.40% in cash and cash equivalents.
Who manages the Kotak Savings Fund Direct Growth?
The fund managers responsible for Kotak Savings Fund Direct Growth are:-
- Deepak Agrawal
- Manu Sharma
- Palha Khanna
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.