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What is a Recurring Deposit (RD)?

Updated on January 23, 2020 , 6012 views

If you know how a Systematic Investment plan (SIP) of Mutual Funds works, then you will easily understand Recurring Deposits! In a Recurring Deposit (RD) a fixed instalment is made every month and interest is paid by the bank on this amount. Let us understand more about RD account, RD Interest Rates, RD Calculator, RD interest calculator, etc.

Recurring Deposit (RD)

A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account. At the end of the maturity period, investors are paid back their invested funds with accrued interest.

Recurring-Deposit

At a public sector bank, an RD account can be opened with a minimum amount of as less as INR 100. While, at private sector banks the minimum amount to be deposited is INR 500 to INR 1000, whereas in a post office one can open an account at just INR 10. Some banks have an upper limit of INR 15 lakh, while others don’t have any such upper limit. The tenure for Recurring Deposit is a minimum of three months and maximum of 10 years.

RD Account: Features

  • It inculcates a habit of savings amongst people
  • The rate of interest in a Recurring Deposit is high
  • RD schemes provide a stable and safe investment option irrespective of market fluctuations
  • Investors can close their RD account before the maturity period. But, during the premature withdrawals, investors may have to pay some amount in the form of penalty, depending on the bank.
  • Investors can opt for loans up to 60-90% of the balance, against the Recurring Deposit
  • The bank may discontinue an account on six missed instalments. But, if the outstanding amount is paid within a month from the last default, it can be revived.
  • Recurring Deposits come with a nomination facility
  • There is no TDS (Tax Deducted at source) in Recurring Deposits. The interest portion is taxable and will be added to an investor’s income and taxed as per the relevant slab.

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RD Interest Rates

Almost all the major banks in India offer a Recurring Deposit account. The interest rate at every bank may vary, but it typically ranges between 7% to 9.25% p.a, and at the post office it is 7.4% (depending on prevailing market condition). Senior citizens get 0.5% extra. The interest rate, once determined does not change during the tenure. Investors who want to pay more than one instalment at a time, can do so.

RD Calculator

A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.

RD Calculator INR
Monthly Deposit Amount 200
RD in month 60
Rate of Interest 8%
Interest compounding Frequency Monthly
RD Maturity Amount INR 1,47,933

RD Interest Calculator

With the help of RD interest calculator, customers can determine their potential earnings. You need to decide the amount you want to invest monthly and the tenure of investment (example illustrated below).

RD Interest Calculator
Amount INR 1000
Interest Rate 8% per annum
Period 12 months

Summary- Total Amount Paid- INR 12,000 Total Maturity Amount- INR 12,530 Total Interest Receivable- INR 530

Conclusion

Recurring Deposit helps individuals' to get into a habit of saving regularly. If you haven’t made any investment so far, start with a Recurring Deposit. Also, it is a good avenue for creating an emergency fund or contingency fund. It is an ideal way to save a small amount of money every month for your short term and long term Financial goals.

Open a Recurring Deposit account today and save for tomorrow!

Similar Alternatives

In mutual funds one can earn more than RD's with similar safety on principal by Investing in Liquid or Ultra short bond funds as they invest in securities maturing from 30 days to year or so.

Liquid / Ultra Short Debt Mutual funds

1. Franklin India Ultra Short Bond Fund - Super Institutional Plan

To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.

Franklin India Ultra Short Bond Fund - Super Institutional Plan is a Debt - Ultrashort Bond fund was launched on 18 Dec 07. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.6% since its launch.  Return for 2019 was 9.6% , 2018 was 8.7% and 2017 was 8.2% .

Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Franklin India Ultra Short Bond Fund - Super Institutional Plan
Growth
Launch Date 18 Dec 07
NAV (24 Jan 20) ₹27.0286 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹16,894 on 31 Dec 19
Category Debt - Ultrashort Bond
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderate
Expense Ratio 0.42
Sharpe Ratio 12.5
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 10.37%
Effective Maturity 7 Months 2 Days
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,974
31 Dec 16₹12,036
31 Dec 17₹13,025
31 Dec 18₹14,162
31 Dec 19₹15,515

Franklin India Ultra Short Bond Fund - Super Institutional Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148
Invest Now

Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20

DurationReturns
1 Month -3.6%
3 Month -2.2%
6 Month 0%
1 Year 4.7%
3 Year 7.2%
5 Year 8.2%
10 Year
15 Year
Since launch 8.6%
Historical performance (Yearly) on absolute basis
YearReturns
2018 9.6%
2017 8.7%
2016 8.2%
2015 9.7%
2014 9.7%
2013 10%
2012 10%
2011 10.3%
2010 9.4%
2009 5.9%
Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan
NameSinceTenure
Santosh Kamath25 Oct 181.1 Yr.
Pallab Roy1 Jun 0811.5 Yr.

Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash10.07%
Debt82.83%
Other7.1%
Debt Sector Allocation
SectorValue
Corporate84.76%
Cash Equivalent6.71%
Government1.44%
Credit Quality
RatingValue
A27.93%
AA61.79%
AAA5.75%
BBB4.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Call, Cash & Other Assets
Receivables | -
7%₹1,198 Cr
Vedanta Limited
Debentures | -
5%₹795 Cr7,900
Vodafone Mobile Services Limited
Debentures | -
4%₹711 Cr7,990
Renew Power Ventures Private Limited
Debentures | -
4%₹674 Cr6,740
Bharti Airtel Limited
Debentures | -
3%₹546 Cr5,500
JM FINANCIAL CREDIT SOLUTIONS LIMITED
Debentures | -
3%₹541 Cr5,400
Indostar Capital Finance Limited
Debentures | -
3%₹440 Cr4,400
Bharti Airtel Limited
Debentures | -
2%₹399 Cr4,000
INDOSTAR CAPITAL FINANCE LIMITED
Debentures | -
2%₹391 Cr3,900
↑ 3,900
NIRCHEM Cement Limited
Debentures | -
2%₹378 Cr3,750

2. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2019 was 0.9% , 2018 was 7.3% and 2017 was 5.8% .

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund
Growth
Launch Date 7 Dec 01
NAV (24 Jan 20) ₹2,888.36 ↑ 0.82   (0.03 %)
Net Assets (Cr) ₹1,980 on 31 Dec 19
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio -0.46
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 8.31%
Effective Maturity 8 Months 21 Days
Modified Duration 4 Months 14 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,764
31 Dec 16₹11,497
31 Dec 17₹12,165
31 Dec 18₹13,056
31 Dec 19₹13,170

Nippon India Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20

DurationReturns
1 Month 0.7%
3 Month 2%
6 Month -0.7%
1 Year 0.8%
3 Year 4.7%
5 Year 5.7%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2018 0.9%
2017 7.3%
2016 5.8%
2015 6.8%
2014 7.6%
2013 8.4%
2012 8.5%
2011 9.2%
2010 9%
2009 4.5%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Anju Chhajer1 Oct 136.25 Yr.
Vivek Sharma1 Oct 136.25 Yr.
Kinjal Desai25 May 181.6 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash29.21%
Debt70.78%
Other0.01%
Debt Sector Allocation
SectorValue
Corporate86.23%
Cash Equivalent13.76%
Credit Quality
RatingValue
A11.34%
AA58.61%
AAA27.34%
BBB1.91%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Indian Hospitals Corporation Limited
Debentures | -
10%₹205 Cr1,828
Piramal Enterprises Limited
Debentures | -
8%₹170 Cr1,730
Durg Shivnath Expressways Private Limited
Debentures | -
7%₹151 Cr1,500
Triparty Repo
CBLO/Reverse Repo | -
7%₹135 Cr
AXIS BANK LIMITED
Certificate of Deposit | -
6%₹125 Cr12,500
U.P. Power Corporation Limited
Debentures | -
6%₹115 Cr1,150
↑ 1,150
Panchshil Corporate Park Private Limited
Debentures | -
5%₹110 Cr110
Northern Arc Capital Limited
Debentures | -
5%₹101 Cr1,000
Vedanta Limited
Commercial Paper | -
5%₹99 Cr2,000
INOX Wind Infrastructure Services Limited
Debentures | -
5%₹91 Cr2,739

3. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2019 was 8.4% , 2018 was 7.5% and 2017 was 6.9% .

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund
Growth
Launch Date 3 May 11
NAV (24 Jan 20) ₹20.15 ↑ 0.01   (0.06 %)
Net Assets (Cr) ₹7,136 on 31 Dec 19
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.09
Sharpe Ratio 10.24
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Months (0.5%),1 Months and above(NIL)
Yield to Maturity 7.64%
Effective Maturity 5 Months 19 Days
Modified Duration 4 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,912
31 Dec 16₹11,984
31 Dec 17₹12,815
31 Dec 18₹13,775
31 Dec 19₹14,936

ICICI Prudential Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148
Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 4%
1 Year 8.4%
3 Year 7.5%
5 Year 8.3%
10 Year
15 Year
Since launch 8.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 8.4%
2017 7.5%
2016 6.9%
2015 9.8%
2014 9.1%
2013 14.8%
2012 3.1%
2011 9.4%
2010
2009
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 163.04 Yr.
Ritesh Lunawat15 Jun 172.46 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash40.89%
Debt59.11%
Debt Sector Allocation
SectorValue
Corporate70.8%
Cash Equivalent26.29%
Government2.91%
Credit Quality
RatingValue
A5.79%
AA55.56%
AAA38.65%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
4%₹266 Cr2,650
Treps
CBLO/Reverse Repo | -
3%₹209 Cr
NIRCHEM Cement Limited
Debentures | -
3%₹208 Cr2,060
MANAPPURAM FINANCE LIMITED
Debentures | -
3%₹201 Cr2,000
JSW Energy Limited
Debentures | -
3%₹200 Cr2,000
↑ 2,000
NABHA POWER LIMITED
Debentures | -
2%₹166 Cr1,650
JSW Steel Limited
Debentures | -
2%₹160 Cr1,595
Ashoka Buildcon Ltd.
Debentures | -
2%₹151 Cr1,500
Tata Value Homes Limited
Debentures | -
2%₹150 Cr1,500
Bahadur Chand Investments Private Limited
Debentures | -
2%₹150 Cr1,500

4. UTI Ultra Short Term Fund

(Erstwhile UTI - Floating Rate Fund - Short Term Plan)

To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2019 was 3.3% , 2018 was 7% and 2017 was 6.6% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (24 Jan 20) ₹3,084.54 ↑ 0.53   (0.02 %)
Net Assets (Cr) ₹2,276 on 31 Dec 19
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.99
Sharpe Ratio 0
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,500
Exit Load NIL
Yield to Maturity 7.48%
Effective Maturity 4 Months 13 Days
Modified Duration 3 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,851
31 Dec 16₹11,813
31 Dec 17₹12,598
31 Dec 18₹13,482
31 Dec 19₹13,923

UTI Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.5%
1 Year 3.2%
3 Year 5.6%
5 Year 6.8%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2018 3.3%
2017 7%
2016 6.6%
2015 8.9%
2014 8.5%
2013 8.8%
2012 9.8%
2011 9%
2010 8.2%
2009 5.4%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Sudhir Agarwal1 Jul 154.42 Yr.
Ritesh Nambiar1 Jul 154.42 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash81.54%
Debt18.46%
Debt Sector Allocation
SectorValue
Cash Equivalent48.18%
Corporate41.69%
Government10.13%
Credit Quality
RatingValue
A13.14%
AA17.89%
AAA68.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
27%₹647 Cr00
Avanse Financial Services Limited
Debentures | -
10%₹232 Cr2,350
Edelweiss Commodities Services Limited
Debentures | -
8%₹198 Cr2,000
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
8%₹193 Cr2,000,000,000
Andhra Bank
Certificate of Deposit | -
5%₹123 Cr1,250,000,000
AXIS BANK LIMITED
Certificate of Deposit | -
4%₹100 Cr1,000,000,000
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Certificate of Deposit | -
4%₹99 Cr1,000,000,000
↓ -250,000,000
IndusInd Bank Limited
Certificate of Deposit | -
4%₹99 Cr1,000,000,000
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -
3%₹75 Cr750,000,000
National Bank For Agriculture And Rural Development
Commercial Paper | -
3%₹74 Cr750,000,000

5. Aditya Birla Sun Life Savings Fund

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2019 was 8.5% , 2018 was 7.6% and 2017 was 7.2% .

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund
Growth
Launch Date 16 Apr 03
NAV (24 Jan 20) ₹393.497 ↑ 0.11   (0.03 %)
Net Assets (Cr) ₹15,847 on 31 Dec 19
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.35
Sharpe Ratio 9.33
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.31%
Effective Maturity 6 Months 7 Days
Modified Duration 5 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,889
31 Dec 16₹11,895
31 Dec 17₹12,751
31 Dec 18₹13,724
31 Dec 19₹14,885

Aditya Birla Sun Life Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148
Invest Now

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.8%
1 Year 8.3%
3 Year 7.6%
5 Year 8.3%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 8.5%
2017 7.6%
2016 7.2%
2015 9.2%
2014 8.9%
2013 9.7%
2012 9.5%
2011 9.7%
2010 9.2%
2009 5.8%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha11 Oct 144.98 Yr.
Kaustubh Gupta15 Jul 118.22 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash53.03%
Debt46.97%
Debt Sector Allocation
SectorValue
Corporate54.16%
Cash Equivalent25.93%
Government19.16%
Securitized0.76%
Credit Quality
RatingValue
AA11.55%
AAA88.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
IndusInd Bank Limited
Certificate of Deposit | -
4%₹639 Cr65,000
↑ 65,000
8.39% RJ SDL Spl 2020
Domestic Bonds | -
3%₹553 Cr54,845,000
↑ 48,345,000
Steel Authority Of India Limited
Commercial Paper | -
3%₹495 Cr10,000
↑ 10,000
Power Finance Corporation Ltd.
Debentures | -
3%₹469 Cr4,650
IndusInd Bank Limited
Certificate of Deposit | -
3%₹439 Cr45,000
↑ 45,000
Net Receivables / (Payables)
Net Current Assets | -
3%₹435 Cr
Rural Electrification Corporation Limited
Debentures | -
3%₹429 Cr4,263
Bharti Telecom Limited
Debentures | -
3%₹404 Cr3,500
Reliance Jio Infocomm Limited
Commercial Paper | -
2%₹397 Cr8,000
↑ 8,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹387 Cr3,850
↓ -1,500

6. Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2019 was 7.8% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (24 Jan 20) ₹31.7645 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹11,279 on 31 Dec 19
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.68
Sharpe Ratio 8.1
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.24%
Effective Maturity 6 Months
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,863
31 Dec 16₹11,750
31 Dec 17₹12,532
31 Dec 18₹13,462
31 Dec 19₹14,518

Kotak Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 3.5%
1 Year 7.6%
3 Year 7.3%
5 Year 7.7%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 7.8%
2017 7.4%
2016 6.7%
2015 8.2%
2014 8.6%
2013 9.4%
2012 8.9%
2011 9.6%
2010 9.2%
2009 5.7%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0811.63 Yr.

Data below for Kotak Savings Fund as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash71.85%
Debt28.15%
Debt Sector Allocation
SectorValue
Corporate55.05%
Cash Equivalent30.9%
Government13.26%
Securitized0.8%
Credit Quality
RatingValue
AA10.94%
AAA89.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Commercial Paper | -
6%₹690 Cr14,000
Power Finance Corporation Ltd.
Commercial Paper | -
4%₹518 Cr10,500
Steel Authority Of India Limited
Commercial Paper | -
4%₹495 Cr10,000
↑ 10,000
IndusInd Bank Limited
Certificate of Deposit | -
4%₹487 Cr50,000
↑ 50,000
IndusInd Bank Limited
Certificate of Deposit | -
4%₹486 Cr50,000
↑ 50,000
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -
4%₹483 Cr50,000
Net Current Assets/(Liabilities)
Net Current Assets | -
4%₹452 Cr
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
3%₹406 Cr8,500
↑ 4,000
Oriental Bank Of Commerce
Certificate of Deposit | -
3%₹394 Cr40,000
↑ 10,000
Axis Bank Limited
Certificate of Deposit | -
3%₹386 Cr40,000

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