Kotak Dynamic Bond Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 34.7552   -0.0437(-0.126 %) NAV as on 29 Sep 2023
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 2,501.5
Fund category:
Dynamic Bond
Fund manager(s):
Deepak Agrawal, Abhishek Bisen
Benchmark:
NIFTY Composite Debt Index
Minimum investment:
₹ 100
Launch date:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.4 %
Exit load:
Nil

Scheme Objective: The investment objective of the Scheme is to maximize returns through an active management of a portfolio of debt and money market securities.


Performance (As on 29 Sep 2023)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme-0.18 % 1.42 %3.99 % 7.23 % 5.42 %8.15 % N/A

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
7.26% Central Government - 2033(^)
Government Securities
23.78%
SOV
Central Government - 2033(^)
Government Securities
17.6%
SOV
7.17% Central Government - 2030
Government Securities
10.49%
SOV
Triparty Repo
Cash & Cash Equivalents and Net Assets
7.9%
Cash
8.65% MUTHOOT FINANCE LTD.**
Corporate Debt
4.22%
ICRA AA+
7.8% HDFC BANK LTD.**
Corporate Debt
3.39%
CRISIL AAA
8.6% MUTHOOT FINANCE LTD.**
Corporate Debt
3.21%
ICRA AA+
EMBASSY OFFICE PARKS REIT
REITs & InvITs
3.04%
REITs & InvITs
7.8% HDFC BANK LTD.
Corporate Debt
2.99%
CRISIL AAA
7.67% LIC HOUSING FINANCE LTD.
Corporate Debt
2.99%
CRISIL AAA

About this category

Dynamic bond debt funds actively change their strategy and portfolio based on the interest rate cycle and opportunities in the debt market. When the direction of interest rates is headed downward, these funds get aggressive and move into long-duration government debt to make gains off bond price appreciation. At other times, the funds stick to other corporate and bank bonds and earn the interest on these bonds. These funds tend to be volatile in the short term as they adapt their portfolios to market movements; their 1-year returns can be range from the high double-digit to losses based on their strategy and debt market movements. Returns even out over longer periods and need to be held for the long term.

Suitability

These funds investors with investment horizons above 3 years and who can take short-term volatility in their debt funds.

Taxation

For investments made before April 1st, 2023

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individuals slab rate


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.

For investments made on and after April 1st, 2023

All capital gains are treated as short-term capital gains irrespective of holding period and will be taxed at individuals slab rate.

How are mutual fundstaxed

How are mutual funds taxed?

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