Morningstar: Mutual Fund Guide

Kotak Savings Fund Investment Strategy   Kotak Savings Fund is managed by Deepak Agrawal, a highly experienced manager. Agrawal has a flair for managing credit strategies, which has been exhibited in his more than 15-year stint with Kotak. The manager primarily invests in high quality credits, mainly AAA rated instruments.  The fund is positioned to deliver returns via accrual income rather than duration plays. Hence, credit selection and spread analysis are the main sources of excess return, and the focus is on identifying mispriced money market instruments and bonds with strong  credit fundamentals. The investment process is consistent, with economic, credit, and liquidity analysis used to determine the fund strategy. Credit analysis is divided into banking, non-banking financial companies, and manufacturing debt, and they are further demarcated into three buckets based...