Morningstar: Mutual Fund Guide

Kotak Bond Short Term Investment Strategy Manager Deepak Agrawal has a flair for managing credit strategies, which has been exhibited in his 17 years with Kotak AMC. Agrawal is well-supported by a nine-member investment team that includes the head of fixed income Lakshmi Iyer. Her presence is a big positive, and her contribution gives the team an edge. The process is research-based with an emphasis on safety and liquidity. The fund is more focused on taking small-duration bets and invests primarily in high-quality credits. The manager seeks to identify duration bets through macroeconomic factors, by incorporating the views of internal and external economists. Credit analysis is divided into banking, non-banking financial companies, and manufacturing debt and further demarcated into three buckets based on the strength of the business, management, and corporate governance standards. The...