Kotak Ultra Short Fund Inactive: NAV at ₹1,321.42
By Business Desk
Kotak Ultra Short to Short Term Fund Direct-Bonus, inactive since 2016, had a NAV of ₹1,321.42. Launched in 2013, this debt scheme had a 0% exit load.
The Kotak Ultra Short to Short Term Fund Direct-Bonus, a mutual fund scheme, is currently inactive and no longer accepting new investments. As of January 19, 2016, the fund’s Net Asset Value (NAV) stood at 1,321.42.
Scheme Overview
Categorised under Debt: Ultra Short to Short Term, the fund’s core objective was to generate income through investments in low-duration debt and money market securities. Kotak Mahindra Mutual Fund launched this scheme on January 1, 2013.
Investment Structure
- Minimum initial investment: Rs. 100.00
- Minimum additional investment: Rs. 100.00
- Minimum SIP investment: Rs. 1,000.00
- Minimum withdrawal amount: Rs. 1,000.00
- Exit Load: 0%
The fund’s factsheet notes that specific data for key highlights, various return types (trailing, rolling, discrete period, SIP), return comparisons, portfolio aggregates, style box, investment/portfolio grades, peer comparisons, and risk ratios are currently unavailable.
Portfolio Holdings
Despite the lack of detailed performance metrics, the fund’s portfolio included several debt instruments. These holdings reflect its strategy of investing in diverse low-duration securities.
- Karnataka State Development Loan
- Certificates of Deposit from Punjab National Bank, Canara Bank, Bank of Baroda, and HDFC Bank Ltd
- Debentures from National Bank For Agriculture & Rural Development, JTPM Metal Traders Ltd, and Bajaj Housing Finance Ltd
Fund Management
D.A. Deepak Agrawal served as the fund manager for this scheme. He has been associated with Kotak AMC since 2002, bringing extensive experience to the management of its various offerings.