Kotak Credit Risk Fund - Growth - Direct Plan

₹26.24 (-0.02%)Nav, as on 20-09-2021
Previous Nav
₹ 26.2465
Net Change on 20-09-2021
₹-0.01
PersonalFN Rating
Unrated
Category
Debt - Credit Risk Fund
Assets (Cr.)
₹ 1,776.18
Expense Ratio
0.74%
(As on Aug 31, 2021)

Fund Overview Growth | Direct Plan

Fund House
Kotak Mahindra Mutual Fund
Launch Date
01-Jan-2013
Benchmark
Crisil 1 Yr T-Bill Index
Minimum Investment (₹)
5,000
Minimum Addl Investment (₹)
1,000
Exit Load (%)
Nil upto 6% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y
Minimum SIP Investment (₹)
1,000
Minimum STP Investment (₹)
500
Minimum SWP Investment (₹)
1,000
52 Week Low Nav (₹)
24.34
52 Week Low Nav Date
16-Oct-2020
52 Week High Nav (₹)
26.25
52 Week High Nav Date
17-Sep-2021

Fund Objective

The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporatesecurities. The scheme would also seek to maintain reasonable liquidity within the fund.

Fund Performance

Scheme Name	1-Month Return (%)	3-Month Return (%)	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Since Inception
Kotak Credit Risk Fund - Growth - Direct	8.32	7.71	7.78	8.52	8.08	9.11
Crisil 1 Yr T-Bill Index	N/A	N/A	N/A	N/A	N/A	N/A
NIFTY Credit Risk Bond Index	N/A	N/A	N/A	N/A	N/A	N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name	Launch Date	Ratings	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
Kotak Credit Risk Fund - Growth - Direct	Jan 01, 2013	Unrated	7.78	8.52	8.08	0.74	1,776.18
HDFC Credit Risk Debt Fund - Direct Option - Growth Option	Mar 25, 2014		10.76	9.91	8.71	1.08	8,310.80
ICICI Prudential Credit Risk Fund - Direct Plan - Growth	Jan 02, 2013		8.73	9.56	8.86	0.88	7,925.82
SBI CREDIT RISK FUND - DIRECT PLAN -GROWTH	Jan 02, 2013		8.10	8.35	7.92	0.92	3,439.80
Aditya Birla Sun Life Credit Risk Fund - Direct Plan - Growth	Apr 22, 2015	Unrated	9.55	7.22	7.79	1.15	1,466.96
Nippon India Credit Risk Fund - Direct Plan - Growth Plan	Jan 01, 2013	Unrated	16.56	3.83	5.31	1.02	989.99

Fund Holdings as on 31-August-2021

Company % Assets
Tata Steel Ltd.
9.70
Telesonic Networks Limited (Guarantee from Bharti Airltel Limited) **
8.20
Punjab & Sind Bank- AT1 Bonds**
6.68
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^)**
6.39
Bajaj Housing Finance Ltd. ( Catalyst Trusteeship Limite) (^)**
5.64
Net Current Assets/(Liabilities)
5.20
Bahadur Chand Investments Private Limited**
4.24
Power Finance Corporation Ltd.(^)**
3.85
Union Bank of India(^)- AT1 Bonds**
3.76
Central Government - 2033
3.34
HDFC Ltd.(^)**
2.98
State Government - 2027 - Karnataka
2.94
Godrej Properties Limited(^)**
2.90
Nuvoco Vistas Corporation Ltd. (Stepup for each notch downgrade redemption <=A) **
2.87
Tata Projects Ltd.**
2.85
State Government - 2027 - Karnataka
2.79
U P Power Corporation Ltd ( Guaranteed By UP State Government ) **
2.63
Godrej Industries Ltd**
2.58
Muthoot Finance Ltd.(^)**
2.24
State Government - 2029 - Gujarat
1.67
National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
1.43
National Bank for Agriculture & Rural Development(^)**
1.42
HDFC Ltd.**
1.25
Power Finance Corporation Ltd.**
1.25
U P Power Corporation Ltd ( Guaranteed By UP State Government ) **
1.22
State Government - 2028 - Maharashtra
1.15
Manappuram Finance Ltd. ( Coupon Step down 25 Bps rating on downgrad) **
1.14
Brookfield REIT
0.92
Muthoot Finance Ltd. ( IDBI Trusteeship Services Ltd) **
0.86
U P Power Corporation Ltd ( Guaranteed By UP State Government ) **
0.76
Dalmia Cement (Bharat) Ltd (IF DOWN GRADE AA- TO A, INCREASE BY 25BPS IN EACH DOWNGRAD) **
0.74
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^)**
0.60
National Highways Authority Of India(^)
0.59
Manappuram Finance Ltd. ( Catalyst Trusteeship Ltd) **
0.57
SEI Enerstar Renewable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.44
Punjab National Bank(^)**
0.29
Elena Renewable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
Divyesh Power Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
Shreyas Renwable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
Aarish Solar Power Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
Zuvan Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
Aashman Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
SEI Baskara Power Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
Pratyash Renewable Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) **
0.18
National Bank for Agriculture & Rural Development**
0.16
Triparty Repo
0.15
Shriram City Union Finance Ltd.**
0.08
HDFC Ltd.**
0.06
LIC Housing Finance Ltd.**
0.05
YES Bank Ltd.- AT1 Bonds**
0.00

Sector Holding%
Miscellaneous
81.84

Fund Manager

Deepak Agrawal

Education:Post Graduate in Commerce from Mumbai University, a qualified chartered account and a company secretary. Also cleared AIMR CFA Level
Experience:14 Years
Basic Details:Mr. Deepak Agrawal's career has started from Kotak AMC when he joined the organization in December 2002, where he was initially in Research, Dealing and then moved into Fund Management from November 2006.
Funds Managed:
Axis Quant Fund
Kotak Banking and PSU Debt Fund
Kotak Bond Short Term Fund
Kotak Bond Short Term Fund
Kotak Corporate Bond Fund
Kotak Credit Risk Fund
Kotak Dynamic Bond Fund
Kotak Floating Rate Fund
Kotak Floating Rate Fund
Kotak Liquid Fund
Kotak Low Duration Fund
Kotak Medium Term Fund
Kotak Money Market Fund
Kotak Money Market Fund
Kotak Overnight Fund
Kotak Overnight Fund
Kotak Savings Fund

Holding Type Holding %
BRICKWORK BWR AA+
9.70
CARE AA
0.08
CARE AA(CE)
8.27
CARE AA-
3.76
Cash
5.35
CRISIL A+(CE)
4.61
CRISIL AA
15.36
CRISIL AA+
3.39
CRISIL AAA
16.43
FITCH IND AA
2.85
ICRA A-
6.68
ICRA AA
7.14
ICRA AA+
0.74
ICRA AAA
2.85
ICRA D
0.00
REITs & InvITs
0.92
SOV
11.89

About Kotak Credit Risk Fund

NULL

Scheme Analysis

Kotak Credit Risk Fund is a Debt - Credit Risk Fund fund and belongs to Kotak Mahindra Mutual Fund. It was launched on 01-Jan-2013 and currently has an AUM of ₹1,776.18 crore. Kotak Credit Risk Fund is benchmarked against Crisil 1 Yr T-Bill Index as primary index and NIFTY Credit Risk Bond Index as secondary index.

The NAV of Kotak Credit Risk Fund ended down ₹-0.01(-0.02%)yesterday to ₹26.24.

Among its top 3 holdings the fund has exposure to Tata Steel Ltd., and

The Kotak Credit Risk Fund is managed by Deepak Agrawal .

Fund House Contact

Address:

27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Phone Number: +91 (22) 66384400

Email Address: mutual@kotak.com

Fax Number: +91 (22) 66384455

Website: http://assetmanagement.kotak.com/

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