| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
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Investment Objective
The investment objective of the Scheme is to
provide reasonable returns and high level of
liquidity by investing in debt instruments such as
bonds, debentures & Government Securities; and
money market instruments such as treasury bills,
commercial paper, certificate of deposit,
including repos in permitted securities of
different maturities, so as to spread the risk across
different kinds of issuers in the debt markets. The
Scheme may invest in call money/term money
market in terms of RBI guidelines in this respect.
Subject to the maximum amount permitted from
time to time, the Scheme may invest in offshore
securities in the manner allowed by SEBI / RBI,
provided such investments are in conformity with
the investment objective of the Scheme and the
prevailing guidelines and Regulations. To reduce
the risk of the portfolio, the Scheme may also use
various derivative and hedging products from
time to time, in the manner permitted by SEBI.
There is no assurance that the investment
objective of the Schemes will be realised.
The investment objective of the Scheme is to
provide reasonable returns and high level of
liquidity by investing in debt instruments such as
bonds, debentures & Government Securities; and
money market instruments such as treasury bills,
commercial paper, certificate of deposit,
including repos in permitted securities of
different maturities, so as to spread the risk across
different kinds of issuers in the debt markets. The
Scheme may invest in call money/term money
market in terms of RBI guidelines in this respect.
Subject to the maximum amount permitted from
time to time, the Scheme may invest in offshore
securities in the manner allowed by SEBI / RBI,
provided such investments are in conformity with
the investment objective of the Scheme and the
prevailing guidelines and Regulations. To reduce
the risk of the portfolio, the Scheme may also use
various derivative and hedging products from
time to time, in the manner permitted by SEBI.
There is no assurance that the investment
objective of the Schemes will be realised.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Corporate Debt/Financial Institutions | ||
| Bajaj Finance Ltd. | CRISIL AAA | 3.04 |
| Kotak Mahindra Prime Ltd. ( ) | CRISIL AAA | 0.59 |
| HDB Financial Services Ltd. | CRISIL AAA | 0.55 |
| Reliance Industries Ltd. | CRISIL AAA | 0.20 |
| Corporate Debt/Financial Institutions - Total | 4.38 | |
| Public Sector Undertakings | ||
| Rural Electrification Corporation Ltd. | CRISIL AAA | 2.12 |
| Power Finance Corporation Ltd. | CRISIL AAA | 1.00 |
| National Bank for Agriculture & Rural Development ( ) | CRISIL AAA | 0.34 |
| Small Industries Development Bank Of India ( ) | CARE AAA | 0.27 |
| Public Sector Undertakings - Total | 3.73 | |
| Government Dated Securities | ||
| 8.92% Punjab State Govt-Punjab | SOV | 0.25 |
| Government Dated Securities - Total | 0.25 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Corporate Debt/Financial Institutions | ||
| Reliance Jio Infocomm Ltd. | CRISIL A1+ | 5.88 |
| HDFC Ltd. | CRISIL A1+ | 4.55 |
| Reliance Retail Ventures Ltd | CRISIL A1+ | 4.38 |
| Tata Steel Ltd. | ICRA A1+ | 3.89 |
| ICICI Securities Limited | CRISIL A1+ | 3.03 |
| Sikka Ports & Terminals Ltd. | CRISIL A1+ | 2.36 |
| Adani Ports and Special Economic Zone Limited | ICRA A1+ | 2.02 |
| Tata Capital Financial Services Limited | CRISIL A1+ | 1.68 |
| Chambal Fertilisers & Chemicals Ltd. | CRISIL A1+ | 1.01 |
| HDFC Securities Limited ( ) | CRISIL A1+ | 1.01 |
| Birla Group Holding Private Limited | CRISIL A1+ | 0.93 |
| Julius Baer Capital (India) Pvt. Ltd | CRISIL A1+ | 0.84 |
| TVS Credit Services limited | CRISIL A1+ | 0.84 |
| HDFC Bank Ltd. | CARE A1+ | 0.78 |
| L & T Finance Ltd. | CRISIL A1+ | 0.76 |
| Motilal Oswal Financial Services Limited | ICRA A1+ | 0.68 |
| Tata Power Renewable Energy Ltd. | CRISIL A1+ | 0.68 |
| Coromandel International Limited | FITCH A1+(IND) | 0.67 |
| Dalmia Cement (Bharat) Ltd | CRISIL A1+ | 0.67 |
| Tata Power Company Ltd. | CRISIL A1+ | 0.67 |
| Panatone Finvest Ltd. | CRISIL A1+ | 0.59 |
| HDFC Securities Limited | CRISIL A1+ | 0.51 |
| Aditya Birla Finance Ltd. | ICRA A1+ | 0.50 |
| Century Textiles & Industries Ltd. | CRISIL A1+ | 0.50 |
| Godrej Industries Ltd | CRISIL A1+ | 0.50 |
| Sharekhan Limited | ICRA A1+ | 0.50 |
| Cholamandalam Investment and Finance Company Ltd. | CRISIL A1+ | 0.34 |
| IDFC First Bank Limited | CRISIL A1+ | 0.34 |
| Mahindra & Mahindra Financial Services Ltd. | CRISIL A1+ | 0.34 |
| Pilani Investment and Industries Corporation Ltd | CRISIL A1+ | 0.34 |
| Poonawalla Fincorp Limited | CRISIL A1+ | 0.34 |
| ICICI Home Finance Company Limited | ICRA A1+ | 0.25 |
| Aditya Birla Money Ltd | CRISIL A1+ | 0.17 |
| AXIS Bank Ltd. | CRISIL A1+ | 0.17 |
| Godrej Housing Finance Ltd | CRISIL A1+ | 0.17 |
| Corporate Debt/Financial Institutions - Total | 42.89 | |
| Public Sector Undertakings | ||
| Punjab National Bank | CARE A1+ | 7.77 |
| National Bank for Agriculture & Rural Development | CRISIL A1+ | 3.38 |
| National Bank for Agriculture & Rural Development | ICRA A1+ | 2.68 |
| Indian Oil Corporation Ltd. | ICRA A1+ | 2.37 |
| Punjab & Sind Bank | ICRA A1+ | 1.68 |
| State Bank Of India. | FITCH A1+(IND) | 1.68 |
| Hindustan Petroleum Corporation Ltd. | CRISIL A1+ | 1.34 |
| Canara Bank | CRISIL A1+ | 0.85 |
| BOB Financial Solutions Limited | CRISIL A1+ | 0.34 |
| Public Sector Undertakings - Total | 22.09 | |
| Treasury Bills | ||
| 91 Days Treasury Bill 08/09/2022 | SOV | 10.51 |
| 91 Days Treasury Bill 22/09/2022 | SOV | 5.27 |
| 91 Days Treasury Bill 13/10/2022 | SOV | 4.51 |
| 91 Days Treasury Bill 01/09/2022 | SOV | 1.74 |
| 91 Days Treasury Bill 15/09/2022 | SOV | 1.04 |
| 182 Days Treasury Bill 08/09/2022 | SOV | 0.57 |
| 182 Days Treasury Bill 18/08/2022 | SOV | 0.34 |
| 182 Days Treasury Bill 22/09/2022 | SOV | 0.34 |
| 91 Days Treasury Bill 18/08/2022 | SOV | 0.17 |
| Treasury Bills - Total | 24.49 | |
| Net Current Assets/(Liabilities) | 2.17 | |
| Grand Total | 100.00 | |
NAV
| Growth Option | Rs4,336.4519 |
| Direct Growth Option | Rs4,362.6429 |
| Daily-Reg-Plan-IDCW | Rs1,222.8100 |
| Daily-Dir-Plan-IDCW | Rs1,222.8100 |
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 Liquid Index B-I (Tier 1), Nifty Liquid Index (Tier 2) |
| Allotment date | November 4, 2003 |
| AAUM | Rs36,062.66 crs |
| AUM | Rs27,632.60 crs |
| Folio count | 52,548 |
IDCW Frequency
Daily
Ratios
| Portfolio Average Maturity | 0.12 yrs |
| IRS Average Maturity* | - |
| Net Average Maturity | 0.12 yrs |
| Portfolio Modified Duration | 0.12 yrs |
| IRS Modified Duration* | - |
| Net Modified Duration | 0.12 yrs |
| Portfolio Macaulay Duration | 0.12 yrs |
| IRS Macaulay Duration* | - |
| Net Macaulay Duration | 0.12 yrs |
| YTM | 5.52% |
| $Standard Deviation | 0.14% |
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.
Minimum Investment Amount
Initial Investment:Rs500 and in multiple of
Rs1 for purchase and for Rs0.01 for switches
Additional Investment: Rs500 & in multiples
of Rs1 or purchases and of Rs0.01
for switches
Ideal Investment Horizon: 7 days to month
Load Structure
Entry Load: Nil. (applicable for all plans)
Entry Load: Nil. (applicable for all plans)
Exit Load Structure.
1. Exit load shall applicable be as per the graded basis as specified below:
| Investor exit upon subscription | Exit load as a % of redemption proceeds |
| Day 1 | 0.0070% |
| Day 2 | 0.0065% |
| Day 3 | 0.0060% |
| Day 4 | 0.0055% |
| Day 5 | 0.0050% |
| Day 6 | 0.0045% |
| Day 7 onwards | 0.0000% |
Any exit load charged (net off Goods and Services tax, if
any) shall be credited back to the Scheme. Units issued on
reinvestment of IDCW shall not be subject to entry and
exit load.
2. The revised exit load shall be effective for all fresh investments
3. The revised load structure will be applicable for Insta
Redemption facility as per the applicable circular.
4. Applicability of revised exit load on redemption /switch-out of
units would be done on First in First out Basis ('FIFO').
Total Expense Ratio**
Regular: 0.32%; Direct: 0.20%
Data as on July 31, 2022
Fund
Benchmark
Benchmark
This product is suitable for investors who are seeking*:
- Income over a short term investment horizon
- Investment in debt & money market securities
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
**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 scheme performance, please refer 'Scheme Performances'