Kotak Banking and PSU Debt Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Banking and PSU Fund

Fund House : Kotak Mahindra Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 57.8417 -0.02%
(as on 26th May, 2023)

Crisil Rank

Below average performance among peers

Fund Size

: ₹ 6415.64 Cr

(7.9% of Investment in Category)

Expense Ratio

: 0.37%

(0.3% Category average)

Risk-O-Meter

Moderate

Banking and PSU Fund :Banking and PSU Fund : The fund has 93.74% investment in Debt, of which 17.76% in Government securities, 75.98% is in Low Risk securities.

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3M
6M
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This Scheme

VS

CRISIL 10 Year Gilt Index

1.36%

4.54%

5.56%

9.02%

2.66%

6.78%

4.74%
NA
0.72%

2.63%

3.91%

6.8%

4.78%

7.36%

7.08%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Returns (NAV as on 26th May, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	19-May-23	10011.80	0.12%	-	0.15%	22/23
1 Month	26-Apr-23	10073.80	0.74%	-	0.72%	10/23
3 Month	24-Feb-23	10264.90	2.65%	-	2.63%	11/23
6 Month	25-Nov-22	10383.90	3.84%	-	3.91%	16/23
YTD	30-Dec-22	10335.90	3.36%	-	3.34%	12/23
1 Year	26-May-22	10720.10	7.20%	7.20%	6.80%	4/22
2 Year	25-May-21	11085.40	10.85%	5.28%	4.78%	3/22
3 Year	26-May-20	11865.40	18.65%	5.87%	5.43%	4/18
5 Year	25-May-18	14597.60	45.98%	7.85%	7.36%	3/17
10 Year	24-May-13	21895.70	118.96%	8.14%	7.71%	2/11
Since Inception	02-Jan-13	22824.70	128.25%	8.26%	7.08%	3/23

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 26th May, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	26-May-22	12000	12518.19	4.32 %	8.13 %
2 Year	25-May-21	24000	25521.94	6.34 %	6.05 %
3 Year	26-May-20	36000	39228.35	8.97 %	5.67 %
5 Year	25-May-18	60000	71234.64	18.72 %	6.8 %
10 Year	24-May-13	120000	177865.19	48.22 %	7.64 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 3 years from purchase date, long term capital gain tax will be applicable. Current tax rate is the lower of (a) 10% of profit or (b) 20% of profit adjusted after indexation benefits. Any cess/surcharge is not included.|If sold before 3 years from purchase date, short term capital gain tax will be applicable. Any profit will be clubbed with your income and taxed at your effective tax rate.

Portfolio (Updated on 30th Apr,2023)

No of Debt Holding 64 (Category Avg - 50.87) | Modified Duration 2.77 Years (Category Avg - 2.43)| Yield to Maturity 7.79% (Category Avg - 7.40%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	17.76%	17.94%
CD	4.04%	10.36%
T-Bills	0.00%	0.02%
CP	0.23%	1.32%
NCD & Bonds	71.71%	70.55%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	17.76%	17.96%
Low Risk	75.98%	82.23%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	5.97%
TREPS	TREPS	0.29%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2023)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.39vs1.3

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.68vs0.6

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

-0.72vs-1.22

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

-0.01vs7.5

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

-0.13vs-0.63

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Edelweiss Banking and PSU Debt Fund - Direct Plan - Growth	3	364.44	0.88	3.51	4.41	8.51	5.87
UTI-Banking & PSU Debt Fund - Direct Plan - Growth	3	858.78	0.78	3.04	4.07	7.51	7.05
ICICI Prudential Banking & PSU Debt Fund - Direct Plan - Growth	5	7950.56	0.78	2.43	3.88	7.39	6.08
Nippon India Banking & PSU Debt Fund - Direct Plan - Growth	3	5255.32	0.77	2.74	4.13	7.05	5.68
Tata Banking & PSU Debt Fund - Direct Plan - Growth	4	261.72	0.64	2.63	4.05	6.85	5.68
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan - Growth	3	8258.24	0.76	2.50	3.94	6.84	5.75
HDFC Banking & PSU Debt Fund - Direct Plan - Growth	4	5831.17	0.73	2.51	3.93	6.80	5.81
Franklin India Banking & PSU Debt Fund - Direct Plan - Growth	3	711.93	0.65	2.53	3.85	6.75	5.23
Bandhan Banking & PSU Debt Fund - Direct Plan - Growth	5	15136.52	0.69	2.72	4.06	6.73	5.52
Mirae Asset Banking and PSU Debt Fund - Direct Plan - Growth	3	91.84	0.79	2.69	4.03	6.72	0.00

Detailed Comparison

More Funds from Kotak Mahindra Mutual Fund

Out of 58 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 7 is/are ranked 4 * , 10 is/are ranked 3 * , 4 is/are ranked 2 * , 1 is/are ranked 1 * , and 34 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Kotak Flexi Cap Fund - Direct Plan - Growth	3	37216.56	4.46	6.82	2.61	18.45	26.66
Kotak Liquid Fund - Direct Plan - Growth	2	29684.43	0.58	1.78	3.47	6.26	4.35
Kotak Emerging Equity Fund - Direct Plan - Growth	4	25971.71	5.05	5.59	4.08	20.95	37.40
Kotak Equity Arbitrage Fund - Direct Plan - Growth	3	20587.12	0.71	1.96	4.09	6.40	5.04
Kotak Money Market Fund - Direct Plan - Growth	3	15653.51	0.62	2.09	3.81	6.66	4.89
Kotak Balanced Advantage Fund - Direct Plan - Growth	NA	14422.30	2.87	4.40	4.48	13.02	18.51
Kotak Bond Short Term Plan - Direct Plan - Growth	3	12537.12	0.74	2.69	3.85	6.96	5.77
Kotak Equity Opportunities Fund - Direct Plan - Growth	4	12513.67	4.63	6.91	4.01	21.29	30.29
Kotak Savings Fund - Direct Plan - Growth	3	10606.04	0.60	2.03	3.72	6.56	4.93
Kotak Corporate Bond Fund - Direct Plan - Growth	2	10245.21	0.71	2.60	3.81	6.79	5.79