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

INVEST VIA NRE/NRO

Kotak Floating Rate Fund Growth for NRI [1376.46]

Min Investment

100

Fund Size

3,807.13 Cr

Expense Ratio

0.6%

Exit Load

0%

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

1376.46

0.07%

NAV as on 26 May 24, 12:00 AM

low to moderate risk

floating rate

debt

NAV as on 26 May 24, 12:00 AM

low to moderate risk

floating rate

debt

7.32%p.a.

Last 1Y

5.55%p.a.

Last 3Y

6.54%p.a.

Last 5Y

6.54%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 3,807.13 Cr fund under management as on May 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 7.3% annual returns during the last year. It has delivered 6.5% 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

8.34% Govt Stock 2033

23.69%

HDFC Bank Limited

10.48%

LIC Housing Finance Ltd. 0.0784%

5.24%

8.12% Govt Stock 2031

4.43%

Pipeline Infrastructure Ltd. 0.0796%

4.35%

Small Industries Development Bank of India 0.0768%

3.94%

Canara Bank

3.91%

Ongc Petro Additions Limited

3.88%

8% Govt Stock 2034

3.28%

Small Industries Development Bank Of India

3.25%

Fund Managers

  1. Deepak Agrawal (May 2019 - Present)
  2. Manu Sharma (Nov 2022 - Present)
  3. Palha Khanna (Jul 2023 - Present)

Key Information

View Scheme Document

Kotak Floating Rate Fund 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 Floating Rate Fund 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 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

Frequently Asked Questions