About Kotak Low Duration Fund Direct-Dividend Monthly
Kotak Low Duration Fund Direct-Dividend Monthly 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 ₹4,758.44 Crores and the latest NAV decalared is ₹1113.177 as on 14 Oct 2019 at 10:30 pm.
Kotak Low Duration Fund Direct-Dividend Monthly scheme return performance in last 1 year is 9.39%, in last 3 years is 27.11% and 83.33% 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.