| KOTAK CREDIT RISK FUND
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
| KOTAK CREDIT RISK FUND
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard
Deviation is calculated on Annualised basis
using 3 years history of monthly returns.
This product is suitable for investors who are seeking*:
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Jul 2022 is 4.87% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST.
***As per SEBI circular no. SEBI/HO/IMD/IMD-11 DF3/P/CIR/2021 /652 dated October 27, 2021; AMFI letter no. 35P/MEM-COR/70/2021-22 dated November 25, 2021 and AMFI letter no. 35P/ MEM-COR/ 131 / 2021-22 dated March 31, 2022 with effect from April 01, 2022 ("Effective date"), the first tier benchmark index of the scheme. Existing benchmark will be Second Tier benchmark for aforementioned scheme.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
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Investment Objective
The investment objective of the scheme is to
generate income by investing in debt /and
money market securities across the yield
curve and predominantly in AA rated and
below corporate securities. The scheme
would also seek to maintain reasonable
liquidity within the fund. There is no
assurance that the investment objective of
the Schemes will be realised.
The investment objective of the scheme is to
generate income by investing in debt /and
money market securities across the yield
curve and predominantly in AA rated and
below corporate securities. The scheme
would also seek to maintain reasonable
liquidity within the fund. There is no
assurance that the investment objective of
the Schemes will be realised.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Mutual Fund Units | ||
| Mutual Fund Units - Total | 4.04 | |
| Embassy Office Parks REIT | Realty | 2.30 |
| Brookfield India Real Estate Trust | Realty | 1.28 |
| Mindspace Business Parks REIT | Realty | 0.46 |
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 5.53% Central Government(^) | SOV | 7.55 |
| 5.74% Central Government | SOV | 1.54 |
| 6.12% Karnataka State Govt-Karnataka | SOV | 1.53 |
| Government Dated Securities - Total | 10.62 | |
| Public Sector Undertakings | ||
| National Bank for Agriculture & Rural Development | ICRA AAA | 6.31 |
| Power Finance Corporation Ltd. | CRISIL AAA | 4.13 |
| Export-Import Bank of India | CRISIL AAA | 3.14 |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 3.10 |
| THDC India Ltd. (THDCIL) | CARE AA | 1.61 |
| Punjab National Bank(Basel III TIER II Bonds) | CRISIL AA+ | 0.32 |
| Public Sector Undertakings - Total | 18.61 | |
| Corporate Debt/Financial Institutions | ||
| Tata Power Company Ltd. ( Guarenteed by TATA Power Co. Ltd ) | CARE AA(CE) | 6.95 |
| Aadhar Housing Finance Limited | CARE AA | 6.29 |
| DLF Cyber City Developers Ltd | CRISIL AA | 6.21 |
| Prestige Projects Pvt. Ltd | ICRA A+(CE) | 6.01 |
| Bahadur Chand Investments Private Limited | ICRA AA | 4.80 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 4.68 |
| Godrej Industries Ltd | CRISIL AA | 3.79 |
| Tata Motors Finance Solutions Ltd. | CARE AA- | 3.54 |
| Godrej Properties Limited | ICRA AA | 3.22 |
| Godrej Industries Ltd | CRISIL AA | 1.89 |
| Century Textiles & Industries Ltd. | CRISIL AA | 1.58 |
| Tata Projects Ltd. | FITCH IND AA | 1.55 |
| Muthoot Finance Ltd. | CRISIL AA+ | 0.96 |
| Muthoot Finance Ltd. | CRISIL AA+ | 0.84 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) | CRISIL AAA | 0.65 |
| Tata Projects Ltd. | FITCH IND AA | 0.32 |
| LIC Housing Finance Ltd. | CRISIL AAA | 0.05 |
| Corporate Debt/Financial Institutions - Total | 53.33 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 Days Treasury Bill 04/08/2022 | SOV | 1.28 |
| Treasury Bills - Total | 1.28 | |
| Public Sector Undertakings | ||
| Small Industries Development Bank Of India | CARE A1+ | 3.17 |
| Public Sector Undertakings - Total | 3.17 | |
| Corporate Debt/Financial Institutions | ||
| Vedanta Ltd. | CRISIL A1+ | 3.06 |
| Corporate Debt/Financial Institutions - Total | 3.06 | |
| Triparty Repo | 2.06 | |
| Net Current Assets/(Liabilities) | 3.83 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested ( Rs) | 14,70,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on July 29, 2022 ( Rs) | 22,86,207 | 16,75,222 | 10,22,658 | 6,77,528 | 3,78,836 | 1,19,453 |
| Scheme Returns (%) | 6.94 | 6.50 | 5.55 | 4.82 | 3.36 | -0.86 |
| NIFTY Credit Risk Bond Index CIII Returns (%) | 9.13 | 8.91 | 8.45 | 8.31 | 7.74 | 5.49 |
| Alpha | -2.18 | -2.41 | -2.90 | -3.49 | -4.38 | -6.35 |
| NIFTY Credit Risk Bond Index CIII ( Rs)# | 26,39,704 | 19,00,602 | 11,33,847 | 7,39,279 | 4,04,399 | 1,23,472 |
| NIFTY Credit Risk Bond Index Returns (%) | 8.85 | 8.62 | 8.22 | 8.11 | 7.51 | 5.03 |
| Alpha | -1.90 | -2.12 | -2.67 | -3.29 | -4.15 | -5.89 |
| NIFTY Credit Risk Bond Index ( Rs)# | 25,91,256 | 18,72,276 | 11,24,706 | 7,35,678 | 4,03,015 | 1,23,185 |
| CRISIL 10 Year Gilt Index ( Rs)^ | 21,40,380 | 16,03,218 | 9,91,343 | 6,63,839 | 3,66,588 | 1,19,103 |
| CRISIL 10 Year Gilt Index (%) | 5.93 | 5.66 | 4.67 | 4.01 | 1.19 | -1.40 |
Scheme Inception : - May 11, 2010. 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. # Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return.
Alpha is difference of scheme return with benchmark return.
NAV
| Growth Option | Rs24.1562 |
| Direct Growth Option | Rs26.4319 |
| Annual-Reg-Plan-IDCW | Rs10.5052 |
| Annual-Dir-Plan-IDCW | Rs19.8529 |
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. Vihag Mishra* (Dedicated fund manager for investments in foreign securities) |
| Benchmark*** | Nifty Credit Risk Bond
Index C-III (Tier 1) Nifty Credit Risk Bond Index (Tier 2) |
| Allotment date | May 11, 2010 |
| AAUM | Rs1,570.30 crs |
| AUM | Rs1,556.28 crs |
| Folio count | 13,627 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 2.71 yrs |
| IRS Average Maturity* | 0.10 yrs |
| Net Average Maturity | 2.80 yrs |
| Portfolio Modified Duration | 1.45 yrs |
| IRS Modified Duration* | 0.09 yrs |
| Net Modified Duration | 1.54 yrs |
| Portfolio Macaulay Duration | 1.55 yrs |
| IRS Macaulay Duration* | 0.09 yrs |
| Net Macaulay Duration | 1.64 yrs |
| YTM | 7.49% |
| $Standard Deviation | 2.78% |
Minimum Investment Amount
Initial Investment:Rs5000 and in multiple
of Rs1 for purchase and for Rs0.01 for switches
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investments Horizon: 3 year & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: a) For redemption / switch out of
upto 6% of the initial investment amount
(limit) purchased or switched in within 1
year from the date of allotment: Nil.
b) If units redeemed or switched out are in
excess of the limit within 1 year from the
date of allotment: 1%
c) If units are redeemed or switched out on
or after 1 year from the date of allotment:
NIL
Total Expense Ratio**
Regular: 1.71%; Direct: 0.74%
Data as on July 31, 2022
Fund
Benchmark
Benchmark
This product is suitable for investors who are seeking*:
- Income over a medium term investment horizon
- Investment predominantly in in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Jul 2022 is 4.87% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST.
***As per SEBI circular no. SEBI/HO/IMD/IMD-11 DF3/P/CIR/2021 /652 dated October 27, 2021; AMFI letter no. 35P/MEM-COR/70/2021-22 dated November 25, 2021 and AMFI letter no. 35P/ MEM-COR/ 131 / 2021-22 dated March 31, 2022 with effect from April 01, 2022 ("Effective date"), the first tier benchmark index of the scheme. Existing benchmark will be Second Tier benchmark for aforementioned scheme.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'