Table of Contents
- Recurring Deposit (RD)
- RD Account: Features
- RD Interest Rates
- RD Calculator
- RD Interest Calculator
- Conclusion
- Similar Alternatives
Top 6 Debt - Ultrashort Bond Funds
What is a Recurring Deposit (RD)?
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.
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
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 Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan Returns up to 1 year are on (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 Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (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 Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on 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 Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (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 Below is the key information for Kotak Savings Fund Returns up to 1 year are on 1. Franklin India Ultra Short Bond Fund - Super Institutional Plan
CAGR/Annualized return of 8.6% since its launch. Return for 2019 was 9.6% , 2018 was 8.7% and 2017 was 8.2% . 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.
Date Value 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 Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Santosh Kamath 25 Oct 18 1.1 Yr. Pallab Roy 1 Jun 08 11.5 Yr. Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 10.07% Debt 82.83% Other 7.1% Debt Sector Allocation
Sector Value Corporate 84.76% Cash Equivalent 6.71% Government 1.44% Credit Quality
Rating Value A 27.93% AA 61.79% AAA 5.75% BBB 4.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity Call, Cash & Other Assets
Receivables | -7% ₹1,198 Cr Vedanta Limited
Debentures | -5% ₹795 Cr 7,900 Vodafone Mobile Services Limited
Debentures | -4% ₹711 Cr 7,990 Renew Power Ventures Private Limited
Debentures | -4% ₹674 Cr 6,740 Bharti Airtel Limited
Debentures | -3% ₹546 Cr 5,500 JM FINANCIAL CREDIT SOLUTIONS LIMITED
Debentures | -3% ₹541 Cr 5,400 Indostar Capital Finance Limited
Debentures | -3% ₹440 Cr 4,400 Bharti Airtel Limited
Debentures | -2% ₹399 Cr 4,000 INDOSTAR CAPITAL FINANCE LIMITED
Debentures | -2% ₹391 Cr 3,900
↑ 3,900 NIRCHEM Cement Limited
Debentures | -2% ₹378 Cr 3,750 2. Nippon India Ultra Short Duration Fund
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% . 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.
Date Value 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 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Anju Chhajer 1 Oct 13 6.25 Yr. Vivek Sharma 1 Oct 13 6.25 Yr. Kinjal Desai 25 May 18 1.6 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 29.21% Debt 70.78% Other 0.01% Debt Sector Allocation
Sector Value Corporate 86.23% Cash Equivalent 13.76% Credit Quality
Rating Value A 11.34% AA 58.61% AAA 27.34% BBB 1.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hospitals Corporation Limited
Debentures | -10% ₹205 Cr 1,828 Piramal Enterprises Limited
Debentures | -8% ₹170 Cr 1,730 Durg Shivnath Expressways Private Limited
Debentures | -7% ₹151 Cr 1,500 Triparty Repo
CBLO/Reverse Repo | -7% ₹135 Cr AXIS BANK LIMITED
Certificate of Deposit | -6% ₹125 Cr 12,500 U.P. Power Corporation Limited
Debentures | -6% ₹115 Cr 1,150
↑ 1,150 Panchshil Corporate Park Private Limited
Debentures | -5% ₹110 Cr 110 Northern Arc Capital Limited
Debentures | -5% ₹101 Cr 1,000 Vedanta Limited
Commercial Paper | -5% ₹99 Cr 2,000 INOX Wind Infrastructure Services Limited
Debentures | -5% ₹91 Cr 2,739 3. ICICI Prudential Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 3.04 Yr. Ritesh Lunawat 15 Jun 17 2.46 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 40.89% Debt 59.11% Debt Sector Allocation
Sector Value Corporate 70.8% Cash Equivalent 26.29% Government 2.91% Credit Quality
Rating Value A 5.79% AA 55.56% AAA 38.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹266 Cr 2,650 Treps
CBLO/Reverse Repo | -3% ₹209 Cr NIRCHEM Cement Limited
Debentures | -3% ₹208 Cr 2,060 MANAPPURAM FINANCE LIMITED
Debentures | -3% ₹201 Cr 2,000 JSW Energy Limited
Debentures | -3% ₹200 Cr 2,000
↑ 2,000 NABHA POWER LIMITED
Debentures | -2% ₹166 Cr 1,650 JSW Steel Limited
Debentures | -2% ₹160 Cr 1,595 Ashoka Buildcon Ltd.
Debentures | -2% ₹151 Cr 1,500 Tata Value Homes Limited
Debentures | -2% ₹150 Cr 1,500 Bahadur Chand Investments Private Limited
Debentures | -2% ₹150 Cr 1,500 4. UTI Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Sudhir Agarwal 1 Jul 15 4.42 Yr. Ritesh Nambiar 1 Jul 15 4.42 Yr. Data below for UTI Ultra Short Term Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 81.54% Debt 18.46% Debt Sector Allocation
Sector Value Cash Equivalent 48.18% Corporate 41.69% Government 10.13% Credit Quality
Rating Value A 13.14% AA 17.89% AAA 68.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Current Assets
Net Current Assets | -27% ₹647 Cr 00 Avanse Financial Services Limited
Debentures | -10% ₹232 Cr 2,350 Edelweiss Commodities Services Limited
Debentures | -8% ₹198 Cr 2,000 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -8% ₹193 Cr 2,000,000,000 Andhra Bank
Certificate of Deposit | -5% ₹123 Cr 1,250,000,000 AXIS BANK LIMITED
Certificate of Deposit | -4% ₹100 Cr 1,000,000,000 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Certificate of Deposit | -4% ₹99 Cr 1,000,000,000
↓ -250,000,000 IndusInd Bank Limited
Certificate of Deposit | -4% ₹99 Cr 1,000,000,000 SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -3% ₹75 Cr 750,000,000 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹74 Cr 750,000,000 5. Aditya Birla Sun Life Savings Fund
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% . 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.
Date Value 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 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Sunaina Cunha 11 Oct 14 4.98 Yr. Kaustubh Gupta 15 Jul 11 8.22 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 53.03% Debt 46.97% Debt Sector Allocation
Sector Value Corporate 54.16% Cash Equivalent 25.93% Government 19.16% Securitized 0.76% Credit Quality
Rating Value AA 11.55% AAA 88.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity IndusInd Bank Limited
Certificate of Deposit | -4% ₹639 Cr 65,000
↑ 65,000 8.39% RJ SDL Spl 2020
Domestic Bonds | -3% ₹553 Cr 54,845,000
↑ 48,345,000 Steel Authority Of India Limited
Commercial Paper | -3% ₹495 Cr 10,000
↑ 10,000 Power Finance Corporation Ltd.
Debentures | -3% ₹469 Cr 4,650 IndusInd Bank Limited
Certificate of Deposit | -3% ₹439 Cr 45,000
↑ 45,000 Net Receivables / (Payables)
Net Current Assets | -3% ₹435 Cr Rural Electrification Corporation Limited
Debentures | -3% ₹429 Cr 4,263 Bharti Telecom Limited
Debentures | -3% ₹404 Cr 3,500 Reliance Jio Infocomm Limited
Commercial Paper | -2% ₹397 Cr 8,000
↑ 8,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹387 Cr 3,850
↓ -1,500 6. Kotak Savings Fund
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% . 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.
Date Value 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 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Deepak Agrawal 15 Apr 08 11.63 Yr. Data below for Kotak Savings Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 71.85% Debt 28.15% Debt Sector Allocation
Sector Value Corporate 55.05% Cash Equivalent 30.9% Government 13.26% Securitized 0.8% Credit Quality
Rating Value AA 10.94% AAA 89.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Commercial Paper | -6% ₹690 Cr 14,000 Power Finance Corporation Ltd.
Commercial Paper | -4% ₹518 Cr 10,500 Steel Authority Of India Limited
Commercial Paper | -4% ₹495 Cr 10,000
↑ 10,000 IndusInd Bank Limited
Certificate of Deposit | -4% ₹487 Cr 50,000
↑ 50,000 IndusInd Bank Limited
Certificate of Deposit | -4% ₹486 Cr 50,000
↑ 50,000 SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -4% ₹483 Cr 50,000 Net Current Assets/(Liabilities)
Net Current Assets | -4% ₹452 Cr HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -3% ₹406 Cr 8,500
↑ 4,000 Oriental Bank Of Commerce
Certificate of Deposit | -3% ₹394 Cr 40,000
↑ 10,000 Axis Bank Limited
Certificate of Deposit | -3% ₹386 Cr 40,000
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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