Let Your Income Reach New High with Kotak Low Duration Fund

Have you ever thought of preparing for contingency fund through mutual funds? No? We suggest you a category in mutual funds that can help you not only create your contingency fund but also let you earn returns higher than that of savings accounts or FDs, i.e., Ultra Short Term Debt Funds. A fund that is becoming investors’ choice in the same category is Kotak Low Duration Fund which is an open-ended scheme that seeks to generate income through a portfolio that invests primarily in low duration debt and other money-market instruments. Kotak Mahindra Asset Management Company is the wholly owned subsidiary of Kotak Mahindra Bank is the investment manager of Kotak Mahindra Mutual Fund. The Kotak AMC is currently present in 80 cities and 84 branches. Their vision is to become a responsible player in the mutual fund industry while striving to offer best services to their clients. Kotak Low Duration Fund- An Overview Delivered by Kotak Mahindra Mutual Fund, this fund was launched on March 06, 2018 and since then it has proffered 7.71% average annual returns. To measure the performance and keep track of its growth trajectory, it takes CRISIL Liquid as its benchmark. Investors can invest monthly in the scheme with a minimum of Rs.1000. The fund has investments in commercial papers, debentures, bonds, etc. Although it was launched in 2008, its NAV is Rs.2131.98 which shows its popularity among the investors in this category. Performance Talks: Historical returns are the only way one can know and judge the performance of the fund. Let us have a look at the calendar year returns of the fund against its benchmark- Looking at the returns of both the fund and its benchmark, it’s clear that it has outstandingly beaten its benchmark every single time. And, not only this, it has also delivered returns more than that of what investors can get by investing in FDs. Fund Analysis The fund is being managed by Mr. Deepak Agrawal since January 2015. He is a Post Graduate in commerce from Mumbai University, Charted Accountant, Company Secretary, and CFA as well. He is associated with Kotak Mahindra Asset Management Company since 2000. The fund manager has made sure to invest in bonds above AA standard/rating. He has allocated 97.28% assets in debentures and bonds and 4.06% assets in commercial papers. The top 10 companies in which the fund has its investments in are Vedanta Ltd., U.P. Corporation Ltd., Bank of Baroda, etc. If you are looking forward to investing in this fund, then you can visit our site, i.e., MySIPonline and register yourself there. After completing your profile, you can either talk to our experts about the investment procedure or details about the fund. Whatever be your query we will strive to provide the answers and solutions until they are related to mutual funds.