NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹3579.18
0.04%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
corporate bond
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
corporate bond
debt
8.32%p.a.
Last 1Y
6.07%p.a.
Last 3Y
6.37%p.a.
Last 5Y
7.72%p.a.
Since Inception
About Kotak Corporate Bond- Standard Plan-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Corporate Bond- Standard Plan-Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Sep 2007, Kotak Corporate Bond- Standard Plan-Growth is Corporate Bond fund of its category with 14,162.63 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.
- Kotak Corporate Bond- Standard Plan-Growth delivered 8.3% annual returns during the last year. It has delivered 7.7% average annual returns since the fund was launched.
- Kotak Corporate Bond- Standard Plan-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund.There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
7.18% Govt Stock 2033
13.19%
7.1% Govt Stock 2034
7.08%
National Bank For Agriculture And Rural Development
4.99%
Jamnagar Utilities & Power Private Limited
4.11%
7.53% Govt Stock 2034
3.39%
LIC Housing Finance Limited
3.24%
Bajaj Finance Limited
3.09%
7.93% Govt Stock 2033
2.68%
HDFC Bank Limited
2.64%
Mahindra & Mahindra Financial Services Ltd
2.14%
Fund Managers
- Deepak Agrawal (Feb 2015 - Present)
- Manu Sharma (Nov 2022 - Present)
Key Information
View Scheme Document
Kotak Corporate Bond- Standard Plan-Growth SIP Calculator
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NRI Mutual Fund Tax on Kotak Corporate Bond- Standard Plan-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Kotak Corporate Bond- Standard Plan-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Kotak Corporate Bond- Standard Plan-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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