| KOTAK DYNAMIC BOND FUND
An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate credit risk.
| KOTAK DYNAMIC BOND FUND
An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and 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

Mutual Fund Units
Mutual Fund Units - Total 4.35
Embassy Office Parks REIT Realty 3.43
Brookfield India Real Estate Trust Realty 0.63
Mindspace Business Parks REIT Realty 0.29
Debt Instruments
Debentures and Bonds
Government Dated Securities
5.53% Central Government(^) SOV 21.67
8.03% Gujarat State Govt-Gujarat SOV 8.62
7.26% Central Government SOV 7.91
8.17% Karnataka State Govt-Karnataka SOV 2.35
4.81% Central Government SOV 2.34
6.44% Maharashtra State Govt-Maharashtra SOV 2.16
7.25% Gujarat State Govt-Gujarat SOV 1.13
6.89% Bihar State Govt-Bihar SOV 1.11
1.44% Central Government SOV 0.90
7.23% Karnataka State Govt-Karnataka SOV 0.67
6.67% Central Government SOV 0.33
4.93% Central Government SOV 0.28
7.16% Central Government SOV 0.16
5.85% Central Government SOV 0.13
6.53% Tamil Nadu State Govt-Tamil Nadu SOV 0.03
6.52% Karnataka State Govt-Karnataka SOV 0.02
6.62% Uttar Pradesh State Govt-Uttar Pradesh SOV 0.01
Government Dated Securities - Total 49.82
Public Sector Undertakings
National Bank for Agriculture & Rural Development CRISIL AAA 4.36
Bank Of Baroda(Basel III TIER I Bonds) CRISIL AA+ 2.74
Power Finance Corporation Ltd. CRISIL AAA 1.62
Rural Electrification Corporation Ltd. CRISIL AAA 1.01
Union Bank of India(Basel III TIER I Bonds) FITCH IND AA 0.80
Public Sector Undertakings - Total 10.53
Corporate Debt/Financial Institutions
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 4.92
HDFC Ltd. CRISIL AAA 3.08
Muthoot Finance Ltd. CRISIL AA+ 2.72
LIC Housing Finance Ltd. CRISIL AAA 2.39
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 2.34
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 2.17
Corporate Debt/Financial Institutions - Total 17.62
Treasury Bills
182 Days Treasury Bill 25/08/2022 SOV 6.39
91 Days Treasury Bill 16/06/2022 SOV 4.45
Treasury Bills - Total 10.84
Triparty Repo 12.36
Net Current Assets/(Liabilities) -5.52
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) 16,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Apr 30, 2022 (Rs) 30,85,358 18,11,702 10,94,061 7,14,014 3,89,917 1,21,495
Scheme Returns (%) 8.24 8.00 7.44 6.91 5.28 2.35
Nifty Composite Debt Index BIII Returns (%) 8.12 7.93 7.47 7.34 6.57 2.90
Alpha 0.13 0.07 -0.02 -0.43 -1.29 -0.55
Nifty Composite Debt Index BIII (Rs)# 30,55,865 18,05,412 10,95,010 7,21,686 3,97,488 1,21,841
Nifty Composite Debt Index Returns (%) 7.94 7.78 7.26 7.00 5.51 1.76
Alpha 0.30 0.22 0.18 -0.09 -0.24 0.59
Nifty Composite Debt Index (Rs)# 30,14,390 17,90,960 10,86,933 7,15,634 3,91,287 1,21,121
CRISIL 10 Year Gilt Index (Rs)^ 26,05,695 16,20,416 10,01,030 6,67,566 3,68,767 1,17,498
CRISIL 10 Year Gilt Index (%) 6.02 5.86 4.95 4.23 1.58 -3.90

Scheme Inception : - May 26, 2008. The returns are calculated by XIRR approach assuming investment of Rs 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
Growth Option Rs30.2398
Direct Growth Option Rs32.1092
Quarterly-Reg-Plan-IDCW Rs11.3927
Quarterly-Dir-Plan-IDCW Rs11.2694

Fund Manager Mr. Deepak Agrawal & Mr. Vihag Mishra*
(Dedicated fund manager for investments in foreign securities)
Benchmark***Nifty Composite Debt Index B-III (Tier 1) Nifty Composite Debt Index (Tier 2)
Allotment dateMay 26, 2008
AAUMRs2,256.12 crs
AUMRs2,237.98 crs
Folio count26,207

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity 5.79 yrs
IRS Average Maturity* 0.80 yrs
Net Average Maturity 6.60 yrs
Portfolio Modified Duration 2.24 yrs
IRS Modified Duration* 0.70 yrs
Net Modified Duration 2.93 yrs
Portfolio Macaulay Duration 2.34 yrs
IRS Macaulay Duration* 0.72 yrs
Net Macaulay Duration 3.06 yrs
YTM 6.06%
$Standard Deviation1.41%
*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
Ideal Investment Horizon: 2-3 years


Load Structure

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


Total Expense Ratio**

Regular: 1.20%; Direct: 0.22%


Data as on April 30, 2022

Fund


Benchmark


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a medium term investment horizon
  • Investment in debt & money market securities across durations.

* 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 Apr 2022 is 20.81% 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'