Kotak Credit Risk Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 31.0588   0.0229(0.074 %) NAV as on 10 Oct 2024
Prime Rating: 1.5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 766.99
Fund category:
Credit Risk Fund
Fund manager(s):
Deepak Agrawal, Sunit Garg
Benchmark:
CRISIL Credit Risk Debt Index
Minimum investment:
₹ 100
Launch date:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.79 %
Exit load:
Nil upto 6% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y

Scheme 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.


Performance (As on 10 Oct 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.21 % 1.67 %3.79 % 9.30 % 5.72 %6.53 % 8.20 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
7.18% Central Government - 2033
Government Securities
9.87%
SOV
8.42% GODREJ INDUSTRIES LTD ( ) **
Corporate Debt
6.57%
ICRA AA
8.25% TATA PROJECTS LTD.
Corporate Debt
6.54%
CRISIL AA
8.55% Century Textiles & Industries Ltd.(^)
Corporate Debt
5.87%
CARE AA
6.9% Aadhar Housing Finance Limited**
Corporate Debt
5.86%
CARE AA
8.60% ADITYA BIRLA RENEWABLES LIMITED**
Corporate Debt
5.23%
CRISIL AA
11.75% PRESTIGE PROJECTS PVT. LTD**
Corporate Debt
5.22%
ICRA A
9.95% INDOSTAR CAPITAL FINANCE LIMITED**
Corporate Debt
5.2%
CRISIL AA-
PTC VAJRA TRUST (SERIES A1) 20/02/2029 (MAT 20/02/2027)(VAJRA TRUST)**
PTC & Securitized Debt
5.04%
ICRA AAA(SO)
7.1% Central Government - 2034
Government Securities
4.67%
SOV

About this category

Credit risk debt funds invest at least 65% of their portfolio in debt instruments rated below AA+. As such instruments carry higher coupons, returns from these funds are generally higher than other debt categories. These funds, however, carry very high risk. While returns may not be volatile, as low-rated instruments are seldom traded, the risk comes from write-offs due to downgrades in the debt papers or defaults in repayment. Average maturities for these funds may be short at around 2 years but may go higher. Even so, these funds need to be held only with a long horizon as this gives a buffer in the event losses due to downgrades and defaults.

Suitability

These funds suit high-risk investors with at least a 3-year holding period. Investors need to be able absorb shocks of losses. They are not alternatives for fixed deposits and fit only long-term portfolios.

Taxation
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