| KOTAK BANKING AND PSU DEBT FUND
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk.
| KOTAK BANKING AND PSU DEBT FUND
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk.
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Investment Objective
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector
Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the
Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance
that or guarantee that the investment objective of the scheme will be achieved.
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector
Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the
Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance
that or guarantee that the investment objective of the scheme will be achieved.
| Issuer/Instrument | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.18% Central Government | SOV | 9.11 |
| 7.1% Central Government(^) | SOV | 8.11 |
| 7.93% Central Government(^) | SOV | 3.98 |
| 7.53% Central Government(^) | SOV | 1.87 |
| 7.63% Maharashtra State Govt-Maharashtra | SOV | 0.71 |
| 7.32% Central Government(^) | SOV | 0.55 |
| 6.46% Gujarat State Govt-Gujarat | SOV | 0.01 |
| Government Dated Securities - Total | 24.34 | |
| Public Sector Undertakings | ||
| REC LTD | CRISIL AAA | 8.92 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | CRISIL AAA | 7.90 |
| Power Finance Corporation Ltd. | CRISIL AAA | 7.73 |
| DME DEVELOPMENT LIMITED (^) | CRISIL AAA | 5.56 |
| Power Grid Corporation of India Ltd.(^) | CRISIL AAA | 4.72 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | ICRA AAA | 3.77 |
| National Housing Bank | CRISIL AAA | 3.19 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | CRISIL AAA | 2.93 |
| STATE BANK OF INDIA.(Basel III TIER II Bonds) | CRISIL AAA | 2.49 |
| PUNJAB NATIONAL BANK(Basel III TIER II Bonds)(^) | CRISIL AAA | 1.94 |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 1.79 |
| UNION BANK OF INDIA (Basel III TIER I Bonds) | CARE AA+ | 1.72 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | FITCH AAA | 1.60 |
| Food Corporation of India | CRISIL AAA(CE) | 1.36 |
| NUCLEAR POWER CORPORATION OF INDIA LTD. | ICRA AAA | 1.34 |
| REC LTD | ICRA AAA | 0.89 |
| Food Corporation of India (^) | CRISIL AAA(CE) | 0.89 |
| Mahanagar Telephone Nigam Ltd. | BRICKWORK AA+(CE) | 0.85 |
| Mahanagar Telephone Nigam Ltd. | CARE AAA(CE) | 0.09 |
| Public Sector Undertakings - Total | 59.68 | |
| Corporate Debt/Financial Institutions | ||
| HDFC BANK LTD.(^) | CRISIL AAA | 5.47 |
| HDFC BANK LTD. (^) | CRISIL AAA | 4.54 |
| LIC HOUSING FINANCE LTD. | CRISIL AAA | 2.23 |
| Corporate Debt/Financial Institutions - Total | 12.24 | |
| Triparty Repo | 0.22 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.29 |
| Alternative Investment Fund - Total | 0.29 | |
| Net Current Assets/(Liabilities) | 3.23 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 31,40,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on January 31, 2025 (₹) | 88,67,798 | 17,24,094 | 10,69,151 | 7,05,370 | 4,01,594 | 1,24,912 |
| Scheme Returns (%) | 7.14 | 7.04 | 6.78 | 6.40 | 7.22 | 7.65 |
| CRISIL Banking & PSU Debt A-II Index Returns (%) | NA | 6.90 | 6.59 | 6.25 | 7.00 | 7.22 |
| Alpha* | NA | 0.14 | 0.19 | 0.15 | 0.21 | 0.43 |
| CRISIL Banking & PSU Debt A-II Index (₹)# | NA | 17,11,607 | 10,61,951 | 7,02,779 | 4,00,325 | 1,24,639 |
| CRISIL 10 Year Gilt Index (₹)^ | NA | 16,61,583 | 10,57,145 | 7,04,539 | 4,09,453 | 1,26,096 |
| CRISIL 10 Year Gilt Index (%) | NA | 6.33 | 6.46 | 6.35 | 8.52 | 9.52 |
Scheme Inception : - December 29, 1998. The returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of
inception. The SIP performance details provided herein are of Regular Plan - Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return. *All
payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.
Net Asset Value (NAV)
| Regular | Direct | |
| Growth | Rs62.9534 | Rs65.4951 |
| Monthly Dividend | Rs11.8275 | Rs10.3060 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (applicable for all plans)
| Fund Manager* | Mr. Deepak Agrawal, Mr. Abhishek Bisen |
| Benchmark | CRISIL Banking & PSU Debt A-II Index |
| Allotment date | December 29,1998 |
| AAUM | Rs5,680.46 crs |
| AUM | Rs5,654.63 crs |
| Folio count | 15,150 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 5.53 yrs |
| Modified Duration | 3.61 yrs |
| Macaulay Duration | 3.82 yrs |
| Annualised YTM* | 7.39% |
| $Standard Deviation | 0.74% |
Source: $ICRA MFI Explorer.
Minimum Investment Amount
Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter
Ideal Investments Horizon
• 2-3 years
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load:
Nil. (applicable for all plans)
Total Expense Ratio**
| Regular Plan: | 0.75% |
| Direct Plan: | 0.39% |
Data as on 31st January, 2025 unless
otherwise specified.
Folio Count data as on 31st December 2024.
Folio Count data as on 31st December 2024.
Fund
Benchmark: CRISIL Banking & PSU Debt A-II Index
This product is suitable for investors who are seeking*:
- Income over a short to medium term investment horizon.
- Investment in debt & money market securities of PSUs , Banks , Public Finanacial Institutions, government securities, and Municipal Bonds.
* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
The above risk-o—meter is based on the scheme portfolio as on 31st December, 2024. An addendum may be issued or updated on the website for new riskometer.
(^) Fully or Party blocked against Interest Rate Swap (IRS) (^)This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments. Hedging Position through Interest Rate Swaps as on 31 Jan 2025 is 4.48% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'For Regular Plan' & 'For Direct Plan'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'For Regular Plan' & 'For Direct Plan'