Kotak Savings Fund

Debt

India Debt Medium Duration

Liquid

Others

Aggressive growth Investor Profile

Investor Profile

1–3 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Kotak Savings Fund Growth invests in short-term debt, offering safety and easy access to your money.

What This Strategy Does

Kotak Savings Fund is an Ultra Short Duration fund which captures India's ₹4 trillion money market opportunity through active duration management, deploying capital across corporate and government bonds to achieve benchmark-aligned compounding.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient performance across market cycles, outperforming its category peers in 2 out of the last 12 years.

Disciplined Process

The fund's investment process, characterized by a quantitatively derived portfolio construction approach, has delivered risk-adjusted returns ranking above peers across multiple time horizons.

Valuation Opportunity

With the fund's corporate bond exposure trading at attractive valuations relative to history and peers, the portfolio is well-positioned to capitalize on potential spread compression.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

-0.3% AnnuallyAlpha

+6.2% vs +9.9% benchmarkSince Inception

+6.8% vs +6.3% benchmark3Y Annualized

+6.1% vs +6.5% benchmark5Y Annualized

Kotak Savings Fund

Benchmark Index

Benchmark Performance Comparison

Kotak Savings Fund

FD Returns

Risk Profile

Standard Deviation0.5%

Sharpe Ratio-0.12

Beta0.97

Upside Capture92%

Detailed Risks

Market Risk

Potential recession in India could trigger credit stress, impacting fund's debt holdings.

Liquidity Risk

Volatility spikes could impair fund's ability to rebalance or exit positions.

Concentration Risk

Concentrated exposure to Indian debt markets amplifies impact of policy shifts.

Specific Strategy Risk

Regulatory changes to ultra short-term debt fund rules could impact strategy.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides stability and liquidity through exposure to high-quality, short-term debt instruments. This ultra short-term strategy aims to preserve capital while generating modest returns from interest income. The impact is a low-volatility holding that can serve as a cash management tool or portfolio diversifier. Suitable for investors seeking capital preservation with modest yield enhancement.

Broader Market View

Market Outlook

With equity markets appearing to normalize after the recent correction, the present environment offers an attractive entry point as consumption and earnings recover. Cyclical sectors like consumer discretionary and financials stand to benefit from reviving domestic demand and credit growth, though competitive pressures and margin risks persist.

Why This Strategy is Attractive Now

This strategy appears well-positioned with exposure across consumer, financial, and technology sectors that could capitalize on the demand recovery. The portfolio's balance of market leaders and diversification across around 70 holdings, coupled with moderate risk metrics, aligns it with seeking risk-adjusted returns through the market cycle.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth approach, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth strategy can provide exposure to companies with resilient business models, pricing power, and the ability to compound earnings through cycles.

High-Level Investment Process

Sourcing: The strategy appears to seek companies with sustainable competitive advantages, strong management teams, and attractive growth runways across a range of sectors and market capitalizations. Selection: The process suggests a preference for businesses with high returns on capital, robust free cash flow generation, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with a focus on diversification across sectors and individual positions to manage risk.

Portfolio Holdings Overview

SectoralAllocation

Financial Services100%

Top Stock Holdings

CompanySectorAllocation

Axis Bank LimitedUtilities4.04%

National Bank For Agriculture And Rural DevelopmentUtilities3.48%

Bank Of BarodaUtilities3.45%

Canara BankUtilities3.16%

Tamil Nadu (Government of) 0.0654%Utilities2.68%

Small Industries Development Bank Of IndiaUtilities2.63%

HDFC Bank LimitedUtilities2.01%

Triparty RepoUtilities1.88%

Mankind Pharma LimitedUtilities1.82%

Muthoot Finance LimitedUtilities1.81%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Deepak Agrawal

Mr. Deepak Agrawal has experience of 24 years. Manages 175 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹33,900 Cr Holds a PGDM degree.

28 years

Combined Team Experience

₹ 49,908 Cr

Assets Under Management

Manu Sharma

Co-Portfolio Manager

Manu Sharma has experience of 4 years. Manages 70 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹16,008 Cr

CW Expert Take

Kotak brings banking-grade risk assessment to fund management. Their strength is in identifying mispriced opportunities while maintaining portfolio quality. The equity teams focus on sustainable business models, while their debt strategies emphasize credit selection and liquidity management—reflecting the parent group's risk culture.

Firm Overview

Total AUM₹5,80,249.31 Cr

Investment Philosophy & Approach

Disciplined Approach

The fund house follows a disciplined investment approach with robust risk management.

Research-Driven Process

Portfolio construction is driven by rigorous research and a team-based decision framework.

Long-Term Focus

The fund house maintains a long-term capital allocation mindset for superior risk-adjusted returns.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)0.82%

Regulatory & Tax Information

INF174K01FD6

ISIN

DailyDealing Frequency

CRISIL Ultra Short Dur Debt A-I TR INRBenchmark

Capital Gain Tax | Taxed as per Income Tax Slab

Tax Implications (India)