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
₹1437.19
-0.01%
NAV as on 23 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 23 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
8.36%p.a.
Last 1Y
6.15%p.a.
Last 3Y
6.82%p.a.
Last 5Y
6.76%p.a.
Since Inception
About Kotak Floating Rate Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Floating Rate Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on May 2019, Kotak Floating Rate Fund Growth is Floating Rate fund of its category with 3,776.41 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Kotak Floating Rate Fund Growth delivered 8.4% annual returns during the last year. It has delivered 6.8% average annual returns since the fund was launched.
- Kotak Floating Rate Fund 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 primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
7.53% Govt Stock 2034
21.35%
7.93% Govt Stock 2033
13.55%
7.98% Govt Stock 2031
10.58%
Small Industries Development Bank Of India
4.65%
Bajaj Finance Limited
4.53%
Pipeline Infrastructure Ltd. 0.0796%
4.43%
Mankind Pharma Ltd
3.99%
Tata Capital Housing Finance Limited
2.68%
Tata Capital Housing Finance Limited
2.66%
Muthoot Finance Ltd. 0.089%
2.66%
Fund Managers
- Deepak Agrawal (May 2019 - Present)
- Manu Sharma (Nov 2022 - Present)
Key Information
View Scheme Document
Kotak Floating Rate Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Kotak Floating Rate Fund 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 Floating Rate Fund 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 Floating Rate Fund 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
Similar Funds
Funds
3Y Return
Aditya Birla Sun Life Floating Rate Fund Plan Growth
low to moderate risk | debt
6.6%
Aditya Birla Sun Life Floating Rate Fund Retail Growth
low to moderate risk | debt
6.6%
SBI Floating Rate Debt Fund Growth
low to moderate risk | debt
6.5%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved