| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
(as on January 31, 2025)
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.
This product is suitable for investors who are seeking*:
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
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Investment 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.
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
| Issuer/Instrument | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.53% Central Government | SOV | 16.76 |
| 7.59% Central Government | SOV | 12.12 |
| 7.93% Central Government(^) | SOV | 5.34 |
| 7.10% Central Government | SOV | 3.13 |
| Government Dated Securities - Total | 37.35 | |
| Public Sector Undertakings | ||
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | ICRA AAA | 6.91 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (^) | CRISIL AAA | 3.83 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | CRISIL AAA | 2.31 |
| Public Sector Undertakings - Total | 13.05 | |
| Corporate Debt/Financial Institutions | ||
| MUTHOOT FINANCE LTD. (^) | CRISIL AA+ | 8.07 |
| TATA CAPITAL HOUSING FINANCE LTD. (^) | CRISIL AAA | 6.16 |
| PIPELINE INFRASTRUCTURE LIMITED (^) | CRISIL AAA | 5.54 |
| MANKIND PHARMA LTD (^) | CRISIL AA+ | 4.60 |
| EMBASSY OFFICE PARKS REIT (^) | CRISIL AAA | 4.29 |
| BAJAJ FINANCE LTD. (^) | CRISIL AAA | 3.37 |
| TATA CAPITAL LTD. (^) | ICRA AAA | 2.90 |
| BAJAJ HOUSING FINANCE LTD. | CRISIL AAA | 2.14 |
| PTC DHRUVA TRUST (SERIES A1) 24/03/2030 (MAT 24/10/2029)(DHRUVA TRUST) | ICRA AAA(SO) | 2.09 |
| BHARTI TELECOM LTD. (^) | CRISIL AA+ | 1.69 |
| LIC HOUSING FINANCE LTD. (^) | CRISIL AAA | 1.53 |
| GODREJ PROPERTIES LIMITED | ICRA AA+ | 1.53 |
| PTC VAJRA TRUST (SERIES A1) 20/02/2029 (MAT 20/02/2027)(VAJRA TRUST) | ICRA AAA(SO) | 0.96 |
| Bahadur Chand Investments Private Limited | ICRA AA | 0.76 |
| Corporate Debt/Financial Institutions - Total | 45.63 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.44 |
| Alternative Investment Fund - Total | 0.44 | |
| Net Current Assets/(Liabilities) | 3.53 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 6,90,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on January 31, 2025 (₹) | 8,37,410 | 7,09,272 | 4,02,673 | 1,25,070 |
| Scheme Returns (%) | 6.65 | 6.62 | 7.40 | 7.90 |
| Nifty Short Duration Debt Index A-II Returns (%) | 6.26 | 6.23 | 7.10 | 7.40 |
| Alpha* | 0.39 | 0.39 | 0.30 | 0.51 |
| Nifty Short Duration Debt Index A-II (₹)# | 8,27,974 | 7,02,349 | 4,00,900 | 1,24,749 |
| CRISIL 10 Year Gilt Index (₹)^ | 8,26,849 | 7,04,539 | 4,09,453 | 1,26,096 |
| CRISIL 10 Year Gilt Index (%) | 6.21 | 6.35 | 8.52 | 9.52 |
Scheme Inception : - May 14, 2019. 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 | Rs1452.9601 | Rs1484.8222 |
| IDCW | Rs1294.8923 | Rs1293.5064 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Growth, Payout of IDCW and Reinvestment of IDCW.
IDCW Frequency
At discretion of trustees
| Fund Manager* | Mr. Deepak Agrawal, Mr. Manu Sharma |
| Benchmark | Nifty Short Duration Debt Index A-II |
| Allotment date | May 14, 2019 |
| AAUM | Rs3,445.51 crs |
| AUM | Rs3,275.01 crs |
| Folio count | 4,414 |
Debt Quant & Ratios
| Average Maturity | 5.03 yrs |
| Modified Duration | 1.78 yrs |
| Macaulay Duration | 1.88 yrs |
| Annualised YTM* | 7.83% |
| $Standard Deviation | 0.47% |
*in case of semi annual YTM, it will be annualized.
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 years & above
Load Structure
Entry Load: Nil.(Applicable for All Plans)
Exit Load: Nil. (Applicable for All Plans)
Total Expense Ratio**
| Regular Plan: | 0.63% |
| Direct Plan: | 0.25% |
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: Nifty Short Duration Debt Index A-II
This product is suitable for investors who are seeking*:
- Income over a short term investment horizon
- Investment in floating & fixed rate debt instruments swapped for floating rate returns and money market instruments
* 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 22.36% 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'
**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'