About Kotak Low Duration Fund Direct-Dividend Monthly Payout
Kotak Low Duration Fund Direct-Dividend Monthly Payout is a Debt
mutual fund scheme from Kotak Mahindra Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Deepak Agrawal
. It has an AUM of ₹5,038.98 Crores and the latest NAV decalared is ₹1107.445 as on 22 Nov 2019 at 9:30 pm.
Kotak Low Duration Fund Direct-Dividend Monthly Payout scheme return performance in last 1 year is 9.64%, in last 3 years is 27.20% and 86.85% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.