NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Bond Growth for NRI [73.16]

Min Investment

100

Fund Size

2,178.18 Cr

Expense Ratio

1.6%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

73.16

-0.20%

NAV as on 03 Oct 24, 12:00 AM

moderate risk

medium to long duration

debt

NAV as on 03 Oct 24, 12:00 AM

moderate risk

medium to long duration

debt

9.59%p.a.

Last 1Y

5.41%p.a.

Last 3Y

6.37%p.a.

Last 5Y

8.34%p.a.

Since Inception

About Kotak Bond Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Bond Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Nov 1999, Kotak Bond Growth is Medium to Long Duration fund of its category with 2,178.18 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.

  • Kotak Bond Growth delivered 9.6% annual returns during the last year. It has delivered 8.3% average annual returns since the fund was launched.
  • Kotak Bond 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 create a portfolio of debt instruments such as bonds, debentures, Government Securities and money market instruments, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. There is no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

7.18% Govt Stock 2037

21.96%

7.18% Govt Stock 2033

13.37%

7.3% Govt Stock 2053

7.40%

7.25% Govt Stock 2063

6.77%

7.02% Govt Stock 2031

6.58%

8.34% Govt Stock 2033

6.13%

7.32% Govt Stock 2030

5.66%

7.37% Govt Stock 2028

4.70%

HDFC Bank Limited

3.48%

7.34% Govt Stock 2064

3.13%

Fund Managers

  1. Abhishek Bisen (Apr 2008 - Present)

Key Information

View Scheme Document

Kotak Bond Growth SIP Calculator

If invested

5,000

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 Bond Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Kotak Bond 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 Bond 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

Frequently Asked Questions