| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate credit risk.
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate credit risk.
| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate 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 May 2022 is 10.75% 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 low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
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 low duration debt & money
market securities. 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 low duration debt & money
market securities. There is no assurance or
guarantee that the investment objective of
the scheme will be achieved.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 4.41% Central Government(^) | SOV | 6.77 |
| 5.53% Central Government | SOV | 6.62 |
| 6.56% Rajasthan State Govt-Rajasthan | SOV | 5.26 |
| 4.81% Central Government(^) | SOV | 3.19 |
| 4.93% Central Government | SOV | 1.75 |
| GS CG15/062022 - (STRIPS) | SOV | 0.26 |
| 8.00% Rajasthan State Govt-Rajasthan | SOV | 0.07 |
| 7.84% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.03 |
| Government Dated Securities - Total | 23.95 | |
| Public Sector Undertakings | ||
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 2.13 |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 1.92 |
| Punjab National Bank(Basel III TIER II Bonds) | CRISIL AA+ | 1.28 |
| Union Bank of India(Basel III TIER II Bonds) | CRISIL AA+ | 0.98 |
| Public Sector Undertakings - Total | 6.31 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Ltd.(^) | CRISIL AAA | 4.95 |
| Shriram Transport Finance Co Ltd. | CRISIL AA+ | 3.99 |
| HDB Financial Services Ltd.(^) | CRISIL AAA | 3.16 |
| Embassy Office Parks Reit | CRISIL AAA | 2.60 |
| Kirloskar Ferrous Industries Ltd. | ICRA AA | 1.61 |
| Shriram Transport Finance Co Ltd. | FITCH IND AA+ | 1.48 |
| L & T Finance Ltd. | CRISIL AAA | 1.33 |
| Mindspace Business Parks REIT (^) | CRISIL AAA | 1.31 |
| Bahadur Chand Investments Private Limited | ICRA AA | 1.31 |
| Aditya Birla Finance Ltd.(^) | ICRA AAA | 1.31 |
| Muthoot Finance Ltd. | CRISIL AA+ | 1.29 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 1.29 |
| Tata Projects Ltd. | FITCH IND AA | 1.26 |
| Hindustan Zinc Ltd. | CRISIL AAA | 1.04 |
| Tata Capital Housing Finance Ltd. | CRISIL AAA | 1.00 |
| Tata Capital Financial Services Limited | ICRA AAA | 0.99 |
| Tata Projects Ltd. | FITCH IND AA | 0.95 |
| India Grid Trust | CRISIL AAA | 0.94 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH IND AAA | 0.66 |
| Phoenix ARC Pvt Ltd | CRISIL AA | 0.64 |
| DLF Cyber City Developers Ltd | CRISIL AA | 0.63 |
| Kotak Mahindra Prime Ltd. | CRISIL AAA | 0.58 |
| Godrej Industries Ltd | CRISIL AA | 0.45 |
| Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) | ICRA AAA(CE) | 0.33 |
| ICICI Home Finance Company Limited | CRISIL AAA | 0.33 |
| The Tata Power Company Ltd . | CARE AA(CE) | 0.27 |
| Corporate Debt/Financial Institutions - Total | 35.70 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 Days Treasury Bill 08/09/2022 | SOV | 4.02 |
| 182 Days Treasury Bill 15/09/2022 | SOV | 3.93 |
| Treasury Bills - Total | 7.95 | |
| Corporate Debt/Financial Institutions | ||
| AXIS Bank Ltd. | CRISIL A1+ | 6.42 |
| Vedanta Ltd. | CRISIL A1+ | 5.69 |
| Sikka Ports & Terminals Ltd. | CRISIL A1+ | 2.62 |
| JSW Steel Ltd. | ICRA A1+ | 1.97 |
| HDFC Ltd. | CRISIL A1+ | 1.93 |
| Piramal Enterprises Ltd. | CRISIL A1+ | 1.88 |
| HDFC Bank Ltd. | CARE A1+ | 1.28 |
| Deutsche Bank | CRISIL A1+ | 1.27 |
| Corporate Debt/Financial Institutions - Total | 23.06 | |
| Triparty Repo | 1.79 | |
| Net Current Assets/(Liabilities) | 1.24 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 17,10,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on May 31, 2022 (Rs) | 29,53,297 | 17,06,578 | 10,45,100 | 6,89,898 | 3,84,247 | 1,21,391 |
| Scheme Returns (%) | 7.30 | 6.85 | 6.15 | 5.53 | 4.29 | 2.17 |
| Nifty Low Duration Debt Index B-I Returns (%) | 7.36 | 6.84 | 6.18 | 5.68 | 4.64 | 3.10 |
| Alpha | -0.06 | 0.01 | -0.03 | -0.15 | -0.35 | -0.93 |
| Nifty Low Duration Debt Index B-I (Rs)# | 29,68,068 | 17,05,629 | 10,46,128 | 6,92,560 | 3,86,298 | 1,21,984 |
| Nifty Low Duration Debt Index Returns (%) | 7.30 | 6.70 | 6.03 | 5.51 | 4.41 | 3.02 |
| Alpha | NA | 0.15 | 0.12 | 0.02 | -0.12 | -0.86 |
| Nifty Low Duration Debt Index (Rs)# | 29,53,628 | 16,93,256 | 10,40,505 | 6,89,480 | 3,84,943 | 1,21,937 |
| CRISIL 1 Year T-Bill Index (Rs)^ | 27,02,907 | 16,26,438 | 10,15,532 | 6,78,150 | 3,80,652 | 1,21,356 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.15 | 5.93 | 5.34 | 4.85 | 3.66 | 2.11 |
Scheme Inception : - March 06, 2008. 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
| Regular Plan-Growth Option | Rs2,725.3002 |
| Direct Plan- Growth Option | Rs2,902.1529 |
| Monthly-Reg-Plan-IDCW | Rs1,038.7902 |
| Monthly-Dir-Plan-IDCW | Rs1,233.2818 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (payout of IDCW is
available under monthly IDCW only)
(applicable for all plans)
| Fund Manager | Mr. Deepak Agrawal &
Mr. Vihag Mishra* (Dedicated fund manager for investments in foreign securities) |
| Benchmark***: | Nifty Low Duration Debt Index B-I (Tier 1) Nifty Low Duration Debt Index (Tier 2) |
| Allotment date | March 6, 2008 |
| AAUM | Rs7,887.26 crs |
| AUM | Rs7,602.18 crs |
| Folio count | 96,445 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 2.26 yrs |
| IRS Average Maturity* | 0.12 yrs |
| Net Average Maturity | 2.38 yrs |
| Portfolio Modified Duration | 0.68 yrs |
| IRS Modified Duration* | 0.11 yrs |
| Net Modified Duration | 0.79 yrs |
| Portfolio Macaulay Duration | 0.71 yrs |
| IRS Macaulay Duration* | 0.12 yrs |
| Net Macaulay Duration | 0.83 yrs |
| YTM | 6.42% |
| $Standard Deviation | 0.66% |
*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: Rs5000 and in multiple
of Rs1 for purchase and for Rs0.01 for
switches
Additional Investment: Rs1000 & in
multiples of Rs1 for purchase and for Rs0.01
for switches.
Ideal Investment Horizon: 6-9 months
Load Structure
Entry Load: Nil.
Exit Load:
Nil.
Any exit load charged (net off Service Tax, if
any) shall be credited back to the Scheme;
Total Expense Ratio**
Regular: 1.20%; Direct: 0.42%
Data as on May 31, 2022
Fund
Benchmark
Benchmark
This product is suitable for investors who are seeking*:
- Regular Income over short term
- Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months
* 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 May 2022 is 10.75% 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'