| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months.
A moderate interest rate risk and moderate credit risk.
| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months
A moderate interest rate risk and moderate credit risk.

  

  
Investment Objective
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, 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
3.80% Central Government SOV 3.72
8.39% State Government(^)-Rajasthan SOV 0.44
8.44% State Government(^)-Uttar Pradesh SOV 0.44
GS CG 22 Feb 2022 - (STRIPS) SOV 0.17
GS CG 22 Feb 2023 - (STRIPS) SOV 0.16
Government Dated Securities - Total 4.93
Public Sector Undertakings
National Bank for Agriculture & Rural Development (^) ICRA AAA 6.28
Rural Electrification Corporation Ltd. CRISIL AAA 1.35
Rural Electrification Corporation Ltd. CRISIL AAA 1.07
Power Finance Corporation Ltd. CRISIL AAA 0.59
National Bank for Agriculture & Rural Development CRISIL AAA 0.17
Food Corporation of India CRISIL AAA(CE) 0.03
Public Sector Undertakings - Total 9.49
Corporate Debt/Financial Institutions
Bajaj Finance Ltd.(^) CRISIL AAA 3.26
HDFC Ltd. CRISIL AAA 2.29
Shriram Transport Finance Co Ltd. FITCH IND AA+ 2.07
Muthoot Finance Ltd.(^) CRISIL AA+ 1.71
Bharti Telecom Ltd.(^) CRISIL AA+ 1.69
Tata Steel Ltd. BRICKWORK BWR AA+ 1.61
Aditya Birla Finance Ltd. (^) ICRA AAA 0.86
Sundaram Home Finance Ltd CRISIL AA+ 0.85
Shriram City Union Finance Ltd. CRISIL AA 0.84
Cholamandalam Investment and Finance Company Ltd.(^) ICRA AA+ 0.84
Bajaj Housing Finance Ltd. CRISIL AAA 0.84
Reliable Devices Trust ( Underlying customer Reliance Retail ) ICRA AAA(SO) 0.81
LIC Housing Finance Ltd.(^) CRISIL AAA 0.64
HDB Financial Services Ltd.(^) CRISIL AAA 0.43
Tata Capital Financial Services Limited ICRA AAA 0.34
Kotak Mahindra Prime Ltd. CRISIL AAA 0.21
Tata Projects Ltd. FITCH IND AA 0.17
Mahindra & Mahindra Financial Services Ltd. FITCH AAA(IND) 0.17
Corporate Debt/Financial Institutions - Total 19.63
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
364 Days Treasury Bill 24/03/2022 SOV 8.33
182 Days Treasury Bill 09/12/2021 SOV 6.16
364 Days Treasury Bill 11/03/2022 SOV 5.88
182 Days Treasury Bill 02/12/2021 SOV 4.84
364 Days Treasury Bill 17/03/2022 SOV 3.38
364 Days Treasury Bill 02/12/2021 SOV 0.84
364 Days Treasury Bill 03/03/2022 SOV 0.71
91 Days Treasury Bill 02/12/2021 SOV 0.56
182 Days Treasury Bill 17/03/2022 SOV 0.42
182 Days Treasury Bill 30/12/2021 SOV 0.21
91 Days Treasury Bill 13/01/2022 SOV 0.03
Treasury Bills - Total 31.36
Public Sector Undertakings
Export-Import Bank of India CRISIL A1+ 3.54
Steel Authority of India Ltd. CARE A1+ 1.68
Bharat Heavy Electricals Ltd. FITCH IND A1+ 1.05
Public Sector Undertakings - Total 6.27
Corporate Debt/Financial Institutions
Reliance Industries Ltd. CRISIL A1+ 3.14
HDFC Ltd. CRISIL A1+ 2.45
AXIS Bank Ltd. CRISIL A1+ 2.11
Reliance Jio Infocomm Ltd. CRISIL A1+ 1.65
Sikka Ports & Terminals Ltd. CRISIL A1+ 1.64
LIC Housing Finance Ltd. CRISIL A1+ 1.45
JSW Steel Ltd. ICRA A1+ 1.26
Hero FinCorp Ltd. CRISIL A1+ 1.23
Bajaj Housing Finance Ltd. CRISIL A1+ 1.23
Cholamandalam Investment and Finance Company Ltd. CRISIL A1+ 1.04
Daimler Financial Services India CRISIL A1+ 0.84
AXIS Finance Ltd. CRISIL A1+ 0.84
IndusInd Bank Ltd. CRISIL A1+ 0.83
Can Fin Homes Ltd. ICRA A1+ 0.82
Panatone Finvest Ltd. CRISIL A1+ 0.81
L & T Finance Ltd. CRISIL A1+ 0.81
Axis Securities Limited CRISIL A1+ 0.42
Standard Chartered Capital Ltd. CRISIL A1+ 0.41
Corporate Debt/Financial Institutions - Total 22.98
Triparty Repo 4.45
Net Current Assets/(Liabilities) 0.89
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹)10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 20,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Nov 30, 2021 (Rs) 41,24,459 17,04,080 10,44,593 6,91,304 3,86,387 1,22,062
Scheme Returns (%) 7.40 6.82 6.13 5.61 4.65 3.21
Nifty Ultra Short Duration Debt Index Returns (%) 7.73 7.01 6.33 5.83 4.78 3.97
Alpha -0.33 -0.19 -0.20 -0.22 -0.13 -0.76
Nifty Ultra Short Duration Debt Index (Rs)# 42,59,435 17,20,814 10,52,003 6,95,103 3,87,134 1,22,546
CRISIL 1 Year T-Bill Index (Rs)^ 37,15,396 16,63,835 10,37,025 6,90,625 3,86,950 1,22,220
CRISIL 1 Year T-Bill Index Returns (%) 6.32 6.36 5.93 5.57 4.75 3.46

Scheme Inception : - August 13, 2004. 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.

NAV
Daily-Reg-Plan-IDCW Rs10.0798
Daily-Dir-Plan-IDCW Rs10.8025
Growth Option Rs34.4575
Direct Growth Option Rs35.5347
Monthly-Reg-Plan-IDCW Rs10.7280
Monthly-Dir-Plan-IDCW Rs15.9625
Weekly-Reg-Plan-IDCW Rs10.5871
Weekly-Dir-Plan-IDCW Rs10.8124

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*
BenchmarkNIFTY Ultra Short Duration Debt Index
Allotment dateAugust 13, 2004
AAUMRs13,053.32 crs
AUMRs 11,872.91 crs
Folio count43,403

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity0.54 yrs
IRS Average Maturity*-0.04 yrs
Net Average Maturity0.50 yrs
Portfolio Modified Duration0.37 yrs
IRS Modified Duration*-0.04 yrs
Net Modified Duration0.33 yrs
Portfolio Macaulay Duration0.38 yrs
IRS Macaulay Duration*-0.04 yrs
Net Macaulay Duration0.34 yrs
YTM4.15%
$Standard Deviation0.23%

*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:(i) Reinvestment of IDCW & Growth- Rs5000 & above (ii) Payout of IDCW (Weekly) - Rs1,00,00,000 & above
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 3-6 months


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load: Nil. (applicable for all plans)


Total Expense Ratio**

Regular: 0.77%; Direct: 0.33%


Data as on November 30, 2021

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in debt & money market securities with portfolio Macaulay duration between 3 months & 6 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 30 Nov 2021 is 7.58% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'