| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
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Investment Objective
The investment objective of the scheme is to
generate regular income and capital
appreciation by investing in a portfolio of
medium term debt and money market
instruments. 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 regular income and capital
appreciation by investing in a portfolio of
medium term debt and money market
instruments. 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 | 3.83 | |
| Embassy Office Parks REIT | Realty | 2.36 |
| Brookfield India Real Estate Trust | Realty | 1.22 |
| Mindspace Business Parks REIT | Realty | 0.25 |
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 5.53% Central Government(^) | SOV | 7.16 |
| 4.81% Central Government(^) | SOV | 4.06 |
| 8.14% Gujarat State Govt-Gujarat | SOV | 1.07 |
| 7.15% Karnataka State Govt-Karnataka | SOV | 1.02 |
| 4.93% Central Government | SOV | 1.00 |
| 1.44% Central Government | SOV | 0.82 |
| 6.53% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.50 |
| 6.67% Central Government | SOV | 0.03 |
| Government Dated Securities - Total | 15.66 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd. | CRISIL AAA | 6.71 |
| Punjab & Sind Bank(Basel III TIER I Bonds) | ICRA A- | 4.83 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 3.65 |
| Punjab National Bank(Basel III TIER I Bonds) | CARE AA | 2.86 |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 2.52 |
| State Bank Of India.(Basel III TIER II Bonds) | CRISIL AAA | 2.00 |
| Punjab National Bank(Basel III TIER II Bonds) | CRISIL AA+ | 1.02 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 1.00 |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 0.46 |
| Canara Bank (Basel III TIER I Bonds) | CRISIL AA+ | 0.41 |
| National Bank for Agriculture & Rural Development | ICRA AAA | 0.14 |
| Steel Authority of India Ltd. | CARE AA | 0.03 |
| Public Sector Undertakings - Total | 25.63 | |
| Corporate Debt/Financial Institutions | ||
| LIC Housing Finance Ltd. | CRISIL AAA | 8.11 |
| Embassy Office Parks REIT | CRISIL AAA | 6.07 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 4.88 |
| Bharti Telecom Ltd. | CRISIL AA+ | 4.00 |
| Shriram Transport Finance Co Ltd. | FITCH IND AA+ | 3.53 |
| Muthoot Finance Ltd. | CRISIL AA+ | 2.54 |
| Prestige Projects Pvt. Ltd | ICRA A+(CE) | 2.15 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 2.14 |
| Tata Projects Ltd. | FITCH IND AA | 2.01 |
| India Grid Trust | CRISIL AAA | 2.01 |
| HDFC Ltd. | CRISIL AAA | 2.01 |
| Kotak Mahindra Prime Ltd. | CRISIL AAA | 0.81 |
| Muthoot Finance Ltd. | CRISIL AA+ | 0.02 |
| IOT Utkal Energy Services Ltd. | CRISIL AAA | 0.01 |
| Corporate Debt/Financial Institutions - Total | 40.29 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 91 Days Treasury Bill 26/05/2022 | SOV | 0.41 |
| Treasury Bills - Total | 0.41 | |
| Corporate Debt/Financial Institutions | ||
| Vedanta Ltd. | CRISIL A1+ | 0.96 |
| Corporate Debt/Financial Institutions - Total | 0.96 | |
| Triparty Repo | 11.96 | |
| Net Current Assets/(Liabilities) | 1.26 | |
| Grand Total | 100.00 | |
| Monthly SIP of Rs 10000 | Since Inception | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 9,80,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Apr 30, 2022 (Rs) | 12,97,222 | 10,54,806 | 6,98,772 | 3,92,634 | 1,22,371 |
| Scheme Returns (%) | 6.74 | 6.42 | 6.05 | 5.75 | 3.74 |
| Nifty Medium Duration Index CIII Returns (%) | 8.15 | 7.96 | 7.92 | 7.76 | 5.05 |
| Alpha | -1.41 | -1.54 | -1.87 | -2.02 | -1.32 |
| Nifty Medium Duration Index CIII (Rs)# | 13,76,315 | 11,14,367 | 7,32,254 | 4,04,537 | 1,23,199 |
| Nifty Medium Duration Index Returns (%) | 7.70 | 7.48 | 7.26 | 6.09 | 2.26 |
| Alpha | -0.96 | -1.07 | -1.21 | -0.34 | 1.48 |
| Nifty Medium Duration Index (Rs)# | 13,50,315 | 10,95,583 | 7,20,316 | 3,94,644 | 1,21,434 |
| CRISIL 10 Year Gilt Index (Rs)^ | 12,30,632 | 10,01,030 | 6,67,566 | 3,68,767 | 1,17,498 |
| CRISIL 10 Year Gilt Index Returns (%) | 5.48 | 4.95 | 4.23 | 1.58 | -3.90 |
Scheme Inception : -March 21, 2014. 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 | Rs18.3505 |
| Direct Growth Option | Rs19.7692 |
| Reg-Plan-IDCW | Rs11.2633 |
| Dir-Plan-IDCW | Rs19.7709 |
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. Vihag Mishra* (Dedicated fund manager for investments in foreign securities) |
| Benchmark*** | NIFTY Medium Duration Debt Index C-III (Tier 1) Nifty Medium Duration Debt Index (Tier 2) |
| Allotment date | March 21, 2014 |
| AAUM | Rs2,791.90 crs |
| AUM | Rs2,457.69 crs |
| Folio count | 11,994 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 4.24 yrs |
| IRS Average Maturity* | 0.20 yrs |
| Net Average Maturity | 4.44 yrs |
| Portfolio Modified Duration | 2.14 yrs |
| IRS Modified Duration* | 0.18 yrs |
| Net Modified Duration | 2.32 yrs |
| Portfolio Macaulay Duration | 2.26 yrs |
| IRS Macaulay Duration* | 0.18 yrs |
| Net Macaulay Duration | 2.44 yrs |
| YTM | 6.36% |
| $Standard Deviation | 1.20% |
Minimum Investment Amount
Initial Purchase:Rs
5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Purchase: Rs1000 & in multiples of
Rs1.for purchases and for Rs0.01 for switches.
Ideal Investment Horizon: 2.5 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
Regular: 1.58%; Direct: 0.46%
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, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 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 Apr 2022 is 5.97% 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'