About Kotak Savings Fund Direct - Dividend Weekly Payout
Kotak Savings Fund Direct - Dividend Weekly 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 ₹12,951.19 Crores and the latest NAV decalared is ₹10.178 as on 27 Mar 2020 at 9:00 pm.
Kotak Savings Fund Direct - Dividend Weekly Payout scheme return performance in last 1 year is 7.58%, in last 3 years is 24.62% and 79.37% 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.