| KOTAK BOND SHORT TERM FUND
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
A relatively high interest rate risk and moderate credit risk.
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
A relatively high interest rate risk and moderate credit risk.
| KOTAK BOND SHORT TERM FUND
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
A relatively high interest rate risk and moderate credit risk.
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
A relatively high 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 reasonably high levels of liquidity by
investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills,
commercial papers, certificates 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. There is no assurance that the investment objective of the Scheme will be realised.
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by
investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills,
commercial papers, certificates 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. There is no assurance that the investment objective of the Scheme will be realised.
| Issuer/Instrument | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.93% Central Government(^) | SOV | 9.64 |
| 7.32% Central Government(^) | SOV | 9.56 |
| 7.18% Central Government(^) | SOV | 8.91 |
| 7.17% Central Government(^) | SOV | 3.18 |
| 7.59% Central Government(^) | SOV | 1.74 |
| 7.53% Central Government | SOV | 1.32 |
| 7.02% Central Government(^) | SOV | 1.05 |
| 7.76% Maharashtra State Govt-Maharashtra | SOV | 0.61 |
| 7.63% Maharashtra State Govt-Maharashtra | SOV | 0.55 |
| GS CG 19/03/2029 - (STRIPS) | SOV | 0.19 |
| 6.97% Karnataka State Govt(^)-Karnataka | SOV | 0.15 |
| GS CG 22 Aug 2026 - (STRIPS) | SOV | 0.11 |
| GS CG 12/03/2029 - (STRIPS) | SOV | 0.11 |
| GS CG 22 Feb 2028 - (STRIPS) | SOV | 0.10 |
| Government Dated Securities - Total | 37.22 | |
| Public Sector Undertakings | ||
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | CRISIL AAA | 9.16 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | ICRA AAA | 3.80 |
| REC LTD | CRISIL AAA | 3.31 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | CRISIL AAA | 2.97 |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 1.79 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | FITCH AAA | 1.20 |
| REC LTD | ICRA AAA | 1.04 |
| DME DEVELOPMENT LIMITED (^) | CRISIL AAA | 0.60 |
| CANARA BANK(Basel III TIER II Bonds)(^) | FITCH AAA | 0.59 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | ICRA AAA | 0.45 |
| Public Sector Undertakings - Total | 24.91 | |
| Corporate Debt/Financial Institutions | ||
| LIC HOUSING FINANCE LTD. (^) | CRISIL AAA | 7.32 |
| BAJAJ FINANCE LTD. | CRISIL AAA | 5.19 |
| HDB Financial Services Ltd. | CRISIL AAA | 3.22 |
| HDFC BANK LTD. | CRISIL AAA | 2.29 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 1.94 |
| HDFC BANK LTD. (^) | CRISIL AAA | 1.78 |
| L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) | CRISIL AAA(CE) | 1.76 |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) | CRISIL AAA | 1.35 |
| PTC INDIA UNIVERSAL TRUST AL1 (SERIES A3) 20/09/2030(INDIA UNIVERSAL TRUST AL1) | FITCH AAA(SO) | 1.26 |
| TOYOTA FINANCIAL SERVICES INDIA LTD. | ICRA AAA | 1.20 |
| TATA CAPITAL LTD. | CRISIL AAA | 1.05 |
| TATA CAPITAL HOUSING FINANCE LTD. | CRISIL AAA | 0.91 |
| ICICI HOME FINANCE COMPANY LIMITED | ICRA AAA | 0.69 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.63 |
| TATA CAPITAL LTD. | ICRA AAA | 0.60 |
| SMFG INDIA CREDIT CO. LTD. | ICRA AAA | 0.60 |
| INDIA GRID TRUST | CRISIL AAA | 0.59 |
| PTC INDIA UNIVERSAL TRUST AL2 (SERIES A2) 21/11/2027(INDIA UNIVERSAL TRUST AL2) | FITCH AAA(SO) | 0.53 |
| BAJAJ HOUSING FINANCE LTD. | CRISIL AAA | 0.48 |
| PTC INDIA UNIVERSAL TRUST AL2 (SERIES A3) 21/11/2030(INDIA UNIVERSAL TRUST AL2) | FITCH AAA(SO) | 0.37 |
| PTC SANSAR TRUST (SERIES A1) 20/01/2027 (MAT 20/11/2029)(SANSAR TRUST) | CRISIL AAA(SO) | 0.32 |
| PTC SANSAR TRUST (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(SANSAR TRUST) | CRISIL AAA(SO) | 0.30 |
| NOMURA CAPITAL (INDIA) PRIVATE LIMITED | FITCH AAA | 0.27 |
| PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST) | CRISIL AAA(SO) | 0.12 |
| Corporate Debt/Financial Institutions - Total | 34.77 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.24 |
| Alternative Investment Fund - Total | 0.24 | |
| Net Current Assets/(Liabilities) | 2.86 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 27,20,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on December 31, 2024 (₹) | 67,47,516 | 16,74,956 | 10,49,581 | 6,97,392 | 3,99,099 | 1,24,796 |
| Scheme Returns (%) | 7.32 | 6.49 | 6.26 | 5.95 | 6.81 | 7.49 |
| Nifty Short Duration Debt Index A-II Returns (%) | 7.45 | 6.65 | 6.43 | 6.20 | 7.03 | 7.45 |
| Alpha* | -0.13 | -0.16 | -0.17 | -0.25 | -0.23 | 0.04 |
| Nifty Short Duration Debt Index A-II (₹)# | 68,67,607 | 16,89,306 | 10,55,982 | 7,01,701 | 4,00,453 | 1,24,772 |
| CRISIL 10 Year Gilt Index (₹)^ | 59,43,142 | 16,54,078 | 10,52,024 | 7,00,616 | 4,07,240 | 1,25,801 |
| CRISIL 10 Year Gilt Index (%) | 6.36 | 6.25 | 6.33 | 6.14 | 8.17 | 9.08 |
₹
Scheme Inception : - May 02,2002. 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 | Rs49.9162 | Rs54.7392 |
| IDCW | Rs11.8197 | Rs15.4887 |
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. Abhishek Bisen |
| Benchmark*** | Nifty Short Duration Debt Index A-II |
| Allotment date | May 2, 2002 |
| AAUM | Rs16,870.45 crs |
| AUM | Rs16,790.00 crs |
| Folio count | 19,519 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 4.63 yrs |
| Modified Duration | 2.76 yrs |
| Macaulay Duration | 2.91 yrs |
| Annualised YTM* | 7.47% |
| $Standard Deviation | 0.60% |
$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
• 1 years & above
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
| Regular Plan: | 1.12% |
| Direct Plan: | 0.38% |
Data as on 31st December, 2024 unless
otherwise specified.
Folio Count data as on 30th November 2024.
Folio Count data as on 30th November 2024.
Fund
Benchmark: Nifty Short Duration Debt Index A-II
This product is suitable for investors who are seeking*:
- Income over a medium term investment horizon
- Investment in debt & money market securities with portfolio Macaulay duration between 1 year & 3 years
* 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 30th November, 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 Dec 2024 is 1.19% 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'