About Kotak Savings Fund Direct - Dividend Daily Payout
Kotak Savings Fund Direct - Dividend Daily 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 ₹9,154.81 Crores and the latest NAV decalared is ₹10.128 as on 09 Apr 2020 at 10:45 pm.
Kotak Savings Fund Direct - Dividend Daily Payout scheme return performance in last 1 year is 7.36%, in last 3 years is 24.53% and 79.83% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.