Kotak Corporate Bond Fund – Direct Plan

Performance analysis

Rolling returns in quartiles

The 3 year excess rolling returns are negative across the corporate bond. The blue line is mostly in the 2nd/3rd quartile.

The rolling returns for the entire period was in between 1 to -1%. At the start the rolling returns was at -0.9 % and it went to the peak of about 1% in the month of Sept 2017. As of March 2023, the rolling returns are at -0.5%. 

Rolling risk/return (Snail-trail) 

The standard deviation on the 3 year excess returns range between -1% to 3%. overall there is high volatility in the fund.

The snail trail of this fund shows that at the start the returns were negative and the risk was also higher with about 2%. Now as of May 2023, the returns are still negative and the risk is almost 0%.

Tracking error

The tracking error ranges between 0 to 2

The TE is seen gradually decreasing from the start. At first the TE was above 0.9% in the month of May 2020. But, at the end of May 2023 the TE is at 0.45%.

Information ratio

The information ratio ranges between 0 to -3.5. The overall ratio has been mostly below 0.

The IR was in negative for the entire period. At the beginning the IR was at -0.9% and now as of May 2023 the IR is at -0.1%.

Prepared by – Ganesh Hulke