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
₹1576.44
0.00%
NAV as on 17 Feb 26, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 17 Feb 26, 12:00 AM
low to moderate risk
floating rate
debt
7.99%p.a.
Last 1Y
7.92%p.a.
Last 3Y
6.57%p.a.
Last 5Y
6.95%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 Company Limited. 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 3,390.53 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Kotak Floating Rate Fund - Growth delivered 8.0% annual returns during the last year. It has delivered 7.0% 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
Repo
1.38%
Net Current Assets
1.83%
CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100
5.89%
CENTRAL GOVERNMENT LOAN 23277 GOI 22SP33 FLT FV RS 100
0.02%
4.45% Government of India (30/10/2034)
19.38%
BAJAJ HOUSING FINANCE LIMITED 7.85 NCD 01SP28 FVRS10LAC
2.09%
Others Class A2 AIF
0.45%
VAJRA 003 TRUST SENIOR TRANCHE PTC 08DEC23
0.33%
TATA CAPITAL LIMITED SR B STRPP-I 7.905 NCD 03DC26 FVRS1LAC
2.81%
BAHADUR CHAND INVESTMENTS PRIVATE LIMITED SR B 9.25 NCD 28AG28 FVRS1LAC
0.37%
Fund Managers
- Deepak Agrawal (May 2019 - Present)
- Manu Sharma (Nov 2022 - Present)
Key Information
View Scheme Document
Kotak Floating Rate Fund - Growth SIP Calculator
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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
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