(Scheme Rating)
Kotak Liquid Direct - Growth
NAV as of Dec 02, 2024
5,117.250.02%
(Earn upto 0.11% Extra Returns with Direct Plan)
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Kotak Liquid Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide a high level of liquidity along with reasonable returns through investments in money and other short-term debt instruments.
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | NIFTY Liquid Index B-I |
| Return Since Launch | 6.82% |
| Riskometer | Moderate |
| Fund Category | Debt: Liquid |
| Expense Ratio | 0.20%(0.15% Category average) |
| Fund Size | Rs. 34,548.13 Cr(6.58% of Investment in Category) |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | Average |
Kotak Liquid Direct - Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. | |
Kotak Liquid Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Kotak Liquid - Direct Plan as of Dec 02, 2024 is Rs 5,117.25 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.46% (1yr), 6.34% (3yr), 5.33% (5yr) and 6.82% (since launch). Whereas, Category returns for the same time duration are: 7.1298094218488375% (1yr), 6.138778591738998% (3yr) and 5.12555646477924% (5yr).
3. Fund Size: The Kotak Liquid - Direct Plan currently holds Assets under Management worth of Rs 34548.1292 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.2% for Direct plan as on Oct 31, 2024.
5. Exit Load: Kotak Liquid - Direct Plan shall attract an Exit Load, "Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Kotak Liquid - Direct Plan as of Dec 02, 2024 is Rs 5,117.25 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.46% (1yr), 6.34% (3yr), 5.33% (5yr) and 6.82% (since launch). Whereas, Category returns for the same time duration are: 7.1298094218488375% (1yr), 6.138778591738998% (3yr) and 5.12555646477924% (5yr).
3. Fund Size: The Kotak Liquid - Direct Plan currently holds Assets under Management worth of Rs 34548.1292 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.2% for Direct plan as on Oct 31, 2024.
5. Exit Load: Kotak Liquid - Direct Plan shall attract an Exit Load, "Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Liquid Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.57 1.76 3.57 7.44 6.35 5.33 Category Avg 0.55 1.68 3.42 7.13 6.15 5.13 Rank within Category 30 24 23 24 22 21 No. of funds within Category 47 46 44 43 38 37
Return Comparison
- BenchmarkAditya Birla SL Liquid Direct-G
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Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.12 | 0.1942 | - | 0.1121 |
| Average Maturity(Yrs) | 0.12 | 0.205 | 0.033 | 0.1179 |
| Yield to Maturity(%) | 7.19 | 8.05 | 6.47 | 7.0988 |
| Avg Credit Rating | Low | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 20.31 | 19.81 |
| Low Risk | 86.66 | 76.02 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | -6.97 | 4.17 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 7.33 | 3.19 |
| CD | 48.67 | 40.63 |
| T-Bills | 15.44 | 15.97 |
| CP | 43.52 | 36.90 |
| NCD & Bonds | 2.18 | 3.96 |
| PTC | - | - |
| Cash & Others | -17.14 | -0.66 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| 6.18% GOI 04/11/2024 | GOI Securities | Sovereign | SOV | 23,536.91 | 7.33 | 23,55,00,000 |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 14,882.57 | 4.63 | 15,00,00,000 |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 14,830.97 | 4.62 | - |
| Indian Bank | Certificate of Deposit | Financial | A1+ | 14,798.20 | 4.61 | 1,50,000 |
| HDFC Bank Ltd | Certificate of Deposit | Financial | A1+ | 12,288.90 | 3.83 | - |
| National Bank For Agriculture & Rural Development | Commercial Paper | Financial | A1+ | 9,877.26 | 3.08 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 9,875.33 | 3.08 | - |
| IDBI Bank Ltd | Certificate of Deposit | Financial | A1+ | 9,875.82 | 3.08 | - |
| Reliance Jio Infocomm Ltd | Commercial Paper | Communication | A1+ | 9,876.75 | 3.08 | 20,000 |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 9,863.80 | 3.07 | 1,00,000 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Liquid Direct - Growth 5,117.25 34,548.13 0.57 7.44 6.35 5.33 PGIM India Liquid Fund Direct Plan-Growth 330.33 555.22 0.57 7.47 6.40 5.41 Edelweiss Liquid Direct-Growth 3,272.61 5,749.64 0.57 7.56 6.41 5.44 Aditya Birla Sun Life Liquid Fund Direct-Growth 408.89 48,377.19 0.57 7.52 6.43 5.43 Mahindra Manulife Liquid Fund Direct -Growth 1,649.53 1,321.78 0.58 7.50 6.44 5.44
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
High Volatality
0.40VS0.39Fund Vs Category Avg
Beta
High Volatality
0.83VS0.80Fund Vs Category Avg
Sharpe Ratio
Better risk-adjusted returns
0.72VS0.66Fund Vs Category Avg
Treynor's Ratio
Better risk-adjusted returns
0.35VS0.32Fund Vs Category Avg
Jensen's Alpha
Better risk-adjusted returns
2.02VS1.93Fund Vs Category Avg
Mean Return
Better average monthly returns
6.18VS6.15Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
No Fund Manager for this fund
More Kotak Mahindra Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Kotak Equity Arbitrage Fund Regular-Growth | 54,941.17 | 0.70 | 1.75 | 3.77 | 7.79 | 6.43 | |
| Kotak Emerging Equity Fund Regular-Growth | 50,627.29 | -3.32 | 1.15 | 20.03 | 40.40 | 20.79 | |
| Kotak Flexicap Fund Regular-Growth | 50,582.01 | -4.41 | -2.47 | 8.72 | 29.15 | 13.24 | |
| Kotak Liquid Regular - Growth | 34,548.13 | 0.57 | 1.76 | 3.56 | 7.34 | 6.16 | |
| Kotak Money Market Fund Regular-Growth | 29,487.57 | 0.61 | 1.86 | 3.79 | 7.69 | 6.47 | |
| Kotak Equity Opportunities Fund Regular-Growth | 25,034.05 | -4.24 | -1.62 | 10.21 | 34.59 | 18.07 | |
| Kotak Small Cap Fund Regular-Growth | 17,593.30 | -5.69 | 0.02 | 17.57 | 35.40 | 16.61 | |
| Kotak Bond Short Term Fund Regular-Growth | 16,894.53 | 0.47 | 1.94 | 4.29 | 7.95 | 5.52 | |
| Kotak Balanced Advantage Fund Regular - Growth | 16,751.58 | -2.08 | 0.64 | 8.93 | 19.53 | 10.41 | |
| Kotak Multicap Fund Regular - Growth | 14,799.29 | -4.39 | -1.32 | 12.94 | 42.01 | 22.26 |
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FAQs about Kotak Liquid Direct - Growth
- Is it safe to invest in Kotak Liquid - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Liquid - Direct Plan comes under Moderate risk category.
- What is the category of Kotak Liquid - Direct Plan?Kotak Liquid - Direct Plan belongs to the Debt : Liquid category of funds.
- How Long should I Invest in Kotak Liquid - Direct Plan?The suggested investment horizon of investing into Kotak Liquid - Direct Plan is <3 month. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Liquid - Direct Plan?The Kotak Liquid - Direct Plan is managed by Deepak Agrawal (Since Jan 01, 2013).
About Kotak Liquid Direct - Growth
1. Kotak Liquid - Direct Plan is Open-ended Liquid Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide a high level of liquidity along with reasonable returns through investments in money and other short-term debt instruments. "
2. It is benchmarked against NIFTY Liquid Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Liquid - Direct Plan is 0.12 years and Duration is 0.12 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Liquid Direct - Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor¡¯s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Kotak Liquid - Direct Plan is Open-ended Liquid Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide a high level of liquidity along with reasonable returns through investments in money and other short-term debt instruments. "
2. It is benchmarked against NIFTY Liquid Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Liquid - Direct Plan is 0.12 years and Duration is 0.12 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Liquid Direct - Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor¡¯s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.