| KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
| KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
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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 | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.59% Central Government(^) | SOV | 12.64 |
| 4.62% Central Government | SOV | 5.82 |
| 5.63% Central Government | SOV | 3.93 |
| 3.51% Central Government(^) | SOV | 3.21 |
| 4.59% Central Government | SOV | 3.07 |
| 8.24% State Government(^)-Kerala | SOV | 1.99 |
| 7.18% State Government(^)-Tamil Nadu | SOV | 1.37 |
| 8.38% State Government-Haryana | SOV | 1.34 |
| 8.57% State Government-Gujarat | SOV | 1.24 |
| 8.14% State Government-Gujarat | SOV | 0.95 |
| 7.19% State Government(^)-Gujarat | SOV | 0.82 |
| 7.59% State Government-Gujarat | SOV | 0.65 |
| 7.61% State Government(^)-Tamil Nadu | SOV | 0.62 |
| 8.00% State Government(^)-Rajasthan | SOV | 0.60 |
| 7.14% State Government-Gujarat | SOV | 0.58 |
| 6.10% Central Government | SOV | 0.58 |
| 6.44% State Government(^)-Gujarat | SOV | 0.54 |
| 8.25% State Government-Madhya Pradesh | SOV | 0.44 |
| 6.22% State Government-Kerala | SOV | 0.44 |
| 6.90% Central Government | SOV | 0.33 |
| 7.60% State Government-Madhya Pradesh | SOV | 0.31 |
| 7.59% State Government-Haryana | SOV | 0.31 |
| 7.20% State Government-Karnataka | SOV | 0.31 |
| 7.62% State Government-Tamil Nadu | SOV | 0.31 |
| 8.26% State Government-Uttar Pradesh | SOV | 0.20 |
| 6.98% State Government-Maharashtra | SOV | 0.18 |
| 7.59% State Government-Karnataka | SOV | 0.16 |
| 6.97% State Government-Karnataka | SOV | 0.15 |
| 7.16% State Government-Uttar Pradesh | SOV | 0.15 |
| 8.61% State Government-Uttar Pradesh | SOV | 0.14 |
| 8.27% State Government-Rajasthan | SOV | 0.12 |
| 8.39% State Government-Rajasthan | SOV | 0.12 |
| GS CG 22 Aug 2025 - (STRIPS) | SOV | 0.10 |
| GS CG 22 Feb 2027 - (STRIPS) | SOV | 0.09 |
| GS CG 22 Aug 2026 - (STRIPS) | SOV | 0.09 |
| GS CG 22 Feb 2028 - (STRIPS) | SOV | 0.08 |
| GS CG 22 Feb 2029 - (STRIPS) | SOV | 0.07 |
| 9.36% State Government-West Bengal | SOV | 0.07 |
| 1.44% Central Government | SOV | 0.07 |
| 8.45% State Government-Bihar | SOV | 0.06 |
| 8.69% State Government-Kerala | SOV | 0.04 |
| 8.66% State Government-Tamil Nadu | SOV | 0.04 |
| 8.21% State Government-Rajasthan | SOV | 0.02 |
| Government Dated Securities - Total | 44.35 | |
| Public Sector Undertakings | ||
| State Bank Of India.(Basel III TIER II Bonds)(^) | CRISIL AAA | 3.05 |
| Power Finance Corporation Ltd.(^) | CRISIL AAA | 2.60 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 1.25 |
| Rural Electrification Corporation Ltd.(^) | CRISIL AAA | 1.20 |
| Power Finance Corporation Ltd. | CRISIL AAA | 1.02 |
| National Bank for Agriculture & Rural Development (^) | ICRA AAA | 0.94 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 0.85 |
| Bank Of Baroda(Basel III TIER II Bonds)(^) | FITCH IND AAA | 0.62 |
| Canara Bank(Basel III TIER II Bonds)(^) | FITCH IND AAA | 0.59 |
| ONGC Petro Additions Ltd.(^) | ICRA AAA(CE) | 0.17 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 0.16 |
| Power Grid Corporation of India Ltd. | CRISIL AAA | 0.06 |
| National Thermal Power Corporation Ltd. | CRISIL AAA | 0.03 |
| Small Industries Development Bank Of India | ICRA AAA | 0.02 |
| Rural Electrification Corporation Ltd. | FITCH IND AAA | 0.02 |
| Public Sector Undertakings - Total | 12.58 | |
| Corporate Debt/Financial Institutions | ||
| Bajaj Finance Ltd. (^) | CRISIL AAA | 4.55 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 1.80 |
| Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) | ICRA AAA(CE) | 1.77 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH IND AAA | 1.70 |
| HDFC Ltd. | CRISIL AAA | 1.69 |
| LIC Housing Finance Ltd.(^) | CRISIL AAA | 1.57 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) | CRISIL AAA | 1.49 |
| Kotak Mahindra Prime Ltd.(^) | CRISIL AAA | 1.18 |
| Kotak Mahindra Prime Ltd. (^) | CRISIL AAA | 1.17 |
| Bajaj Finance Ltd.(^) | CRISIL AAA | 1.07 |
| HDB Financial Services Ltd. | CRISIL AAA | 1.05 |
| Grasim Industries Ltd.(^) | CRISIL AAA | 0.95 |
| First Business Receivables Trust ( Originator Reliance Industries Ltd ) | CRISIL AAA(SO) | 0.93 |
| Tata Capital Financial Services Limited | ICRA AAA | 0.86 |
| Aditya Birla Finance Ltd. | ICRA AAA | 0.80 |
| LIC Housing Finance Ltd. (^) | CARE AAA | 0.73 |
| Hindustan Zinc Ltd. (^) | CRISIL AAA | 0.70 |
| AXIS Finance Ltd. | CRISIL AAA | 0.67 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.66 |
| Tata Capital Financial Services Limited(^) | CRISIL AAA | 0.60 |
| Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) | CRISIL AAA | 0.59 |
| Tata Capital Housing Finance Ltd. | CRISIL AAA | 0.59 |
| HDFC Bank Ltd.(^) | CRISIL AAA | 0.58 |
| Aditya Birla Housing Finance | ICRA AAA | 0.58 |
| HDB Financial Services Ltd. (^) | CRISIL AAA | 0.58 |
| Bajaj Housing Finance Ltd. (^) | CRISIL AAA | 0.58 |
| India Grid Trust (^) | CRISIL AAA | 0.58 |
| Sundaram Finance Ltd. (^) | CRISIL AAA | 0.47 |
| HDB Financial Services Ltd. | CARE AAA | 0.30 |
| Tata Capital Financial Services Limited (^) | ICRA AAA | 0.29 |
| ICICI Bank Ltd.(Basel III TIER II Bonds)(^) | ICRA AAA | 0.15 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group) | CRISIL AAA | 0.15 |
| ICICI Home Finance Company Limited | CRISIL AAA | 0.15 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 0.01 |
| Corporate Debt/Financial Institutions - Total | 31.54 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 91 Days Treasury Bill 02/12/2021 | SOV | 1.64 |
| 182 Days Treasury Bill 02/12/2021 | SOV | 1.16 |
| Treasury Bills - Total | 2.80 | |
| Public Sector Undertakings | ||
| Indian Oil Corporation Ltd. | ICRA A1+ | 0.87 |
| Public Sector Undertakings - Total | 0.87 | |
| Corporate Debt/Financial Institutions | ||
| Kotak Mahindra Investments Ltd. | CRISIL A1+ | 0.58 |
| Corporate Debt/Financial Institutions - Total | 0.58 | |
| Triparty Repo | 3.06 | |
| Net Current Assets/(Liabilities) | 4.22 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 23,30,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Sep 30, 2021 (Rs) | 53,19,612 | 17,89,585 | 10,95,314 | 7,21,921 | 4,01,502 | 1,23,163 |
| Scheme Returns (%) | 7.85 | 7.76 | 7.46 | 7.34 | 7.22 | 4.94 |
| Nifty Short Duration Index Returns (%) | 8.06 | 8.07 | 7.74 | 7.64 | 7.53 | 5.33 |
| Alpha | -0.20 | -0.31 | -0.28 | -0.30 | -0.31 | -0.38 |
| Nifty Short Duration Index (Rs)# | 54,42,132 | 18,19,124 | 11,06,295 | 7,27,342 | 4,03,331 | 1,23,407 |
| CRISIL 10 Year Gilt Index (Rs)^ | 46,40,479 | 17,35,596 | 10,71,753 | 7,07,211 | 3,95,782 | 1,21,914 |
| CRISIL 10 Year Gilt Index (%) | 6.62 | 7.17 | 6.85 | 6.52 | 6.26 | 2.98 |
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. # Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return
Alpha is difference of scheme return with benchmark return
NAV
| Growth Option | Rs42.0628 |
| Direct Growth Option | Rs44.9487 |
| Monthly-Reg-Plan-IDCW | Rs10.1003 |
| Monthly-Dir-Plan-IDCW | Rs14.0216 |
| Half Yearly-Reg-Plan-IDCW | Rs15.0428 |
| Half Yearly-Dir-Plan-IDCW | Rs15.8412 |
| Normal-Dir-Plan-IDCW | Rs13.2645 |
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* |
| Benchmark | NIFTY Short Duration Debt Index |
| Allotment date | May 2, 2002 |
| AAUM | Rs17,137.98 crs |
| AUM | Rs 17,160.49crs |
| Folio count | 32,578 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 3.85 yrs |
| IRS Average Maturity* | -0.41 yrs |
| Net Average Maturity | 3.44 yrs |
| Portfolio Modified Duration | 2.23 yrs |
| IRS Modified Duration* | -0.39 yrs |
| Net Modified Duration | 1.84 yrs |
| Portfolio Macaulay Duration | 2.31 yrs |
| IRS Macaulay Duration* | -0.40 yrs |
| Net Macaulay Duration | 1.92 yrs |
| YTM | 5.14% |
| $Standard Deviation | 1.65% |
Minimum Investment Amount
Initial Investment:(i) Reinvestment of IDCW
& Growth - Rs5000 & above (ii)
Payout of
IDCW (Monthly IDCW) -
Rs50,000 & above
Additional Investment: Rs1000 & in multiples
of Rs1
Ideal Investment Horizon: 1 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
Regular: 1.16%; Direct: 0.34%
Data as on September 30, 2021
Fund
Benchmark
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 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 Sep 2021 is 30.14% 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'