| 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.
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.
(as on April 30, 2025)
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.
This product is suitable for investors who are seeking*:
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.
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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 | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 8.49% Tamil Nadu State Govt-Tamil Nadu | SOV | 1.37 |
| 5.65% Tamil Nadu State Govt-Tamil Nadu | SOV | 1.00 |
| 8.29% Maharashtra State Govt-Maharashtra | SOV | 0.67 |
| 6.04% Gujarat State Govt(^)-Gujarat | SOV | 0.67 |
| 7.07% Tamil Nadu State Govt(^)-Tamil Nadu | SOV | 0.51 |
| 7.57% Gujarat State Govt(^)-Gujarat | SOV | 0.31 |
| 8.24% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.17 |
| GS CG 12/09/2025 - (STRIPS) | SOV | 0.16 |
| GS CG 17/12/2026 - (STRIPS) | SOV | 0.15 |
| Government Dated Securities - Total | 5.01 | |
| Public Sector Undertakings | ||
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | CRISIL AAA | 5.05 |
| REC LTD (^) | CRISIL AAA | 3.20 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (^) | CRISIL AAA | 0.94 |
| Public Sector Undertakings - Total | 9.19 | |
| Corporate Debt/Financial Institutions | ||
| BHARTI TELECOM LTD. (^) | CRISIL AA+ | 3.03 |
| BAJAJ HOUSING FINANCE LTD. (^) | CRISIL AAA | 2.13 |
| MANKIND PHARMA LTD (^) | CRISIL AA+ | 2.03 |
| LIC HOUSING FINANCE LTD. (^) | CRISIL AAA | 1.68 |
| VEDANTA LTD.(^) | ICRA AA | 1.34 |
| POONAWALLA FINCORP LIMITED | CRISIL AAA | 1.34 |
| Citicorp Finance (India) Ltd. | ICRA AAA | 1.01 |
| PTC INDIA UNIVERSAL TRUST AL1 (SERIES A1) 20/09/2026(INDIA UNIVERSAL TRUST AL1) | FITCH AAA(SO) | 0.97 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | ICRA AA+ | 0.83 |
| HDB Financial Services Ltd. (^) | CRISIL AAA | 0.67 |
| GRIHUM HOUSING FINANCE LIMITED (^) | CARE AA- | 0.67 |
| EMBASSY OFFICE PARKS REIT (^) | CRISIL AAA | 0.61 |
| CAN FIN HOMES LTD. | FITCH AA+ | 0.51 |
| Hindustan Zinc Ltd. (^) | CRISIL AAA | 0.34 |
| John Deere Financial India Private Limited (^) | CRISIL AAA | 0.33 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 0.17 |
| GODREJ INDUSTRIES LTD | ICRA AA+ | 0.17 |
| SANSAR TRUST(SANSAR TRUST) | ICRA AAA(SO) | 0.14 |
| Corporate Debt/Financial Institutions - Total | 17.97 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 DAYS TREASURY BILL 15/05/2025 | SOV | 3.34 |
| 364 DAYS TREASURY BILL 19/03/2026(^) | SOV | 1.59 |
| 182 DAYS TREASURY BILL 08/05/2025 | SOV | 1.24 |
| 364 DAYS TREASURY BILL 04/12/2025 | SOV | 0.68 |
| 364 DAYS TREASURY BILL 26/12/2025(^) | SOV | 0.65 |
| Treasury Bills - Total | 7.50 | |
| Public Sector Undertakings | ||
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) | CARE A1+ | 8.81 |
| CANARA BANK(^) | CRISIL A1+ | 6.06 |
| INDIAN BANK(^) | CRISIL A1+ | 4.53 |
| PUNJAB NATIONAL BANK(^) | CARE A1+ | 3.35 |
| UNION BANK OF INDIA(^) | FITCH A1+ | 3.05 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) | FITCH A1+ | 1.90 |
| BANK OF BARODA(^) | FITCH A1+ | 1.30 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) | CRISIL A1+ | 1.13 |
| UNION BANK OF INDIA(^) | ICRA A1+ | 0.64 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | ICRA A1+ | 0.50 |
| Public Sector Undertakings - Total | 31.27 | |
| Corporate Debt/Financial Institutions | ||
| INDUSIND BANK LTD.(^) | CRISIL A1+ | 4.50 |
| HDFC BANK LTD.(^) | CARE A1+ | 3.78 |
| BHARTI TELECOM LTD.(^) | CRISIL A1+ | 3.08 |
| AXIS BANK LTD.(^) | CRISIL A1+ | 2.85 |
| TORRENT ELECTRICALS LIMITED(^) | CRISIL A1+ | 1.64 |
| ICICI BANK LTD. | ICRA A1+ | 1.33 |
| Panatone Finvest Ltd.(^) | CRISIL A1+ | 1.28 |
| IDFC FIRST BANK LIMITED(^) | CRISIL A1+ | 1.28 |
| CREDILA FINANCIAL SERVICES PVT LTD(^) | CRISIL A1+ | 1.27 |
| Bahadur Chand Investments Private Limited(^) | ICRA A1+ | 1.13 |
| MUTHOOT FINANCE LTD.(^) | CRISIL A1+ | 0.96 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | CRISIL A1+ | 0.65 |
| ICICI SECURITIES LIMITED(^) | CRISIL A1+ | 0.64 |
| ADITYA BIRLA FINANCE LTD.(^) | ICRA A1+ | 0.64 |
| IDBI BANK LTD.(^) | CRISIL A1+ | 0.48 |
| BARCLAYS INVESTMENTS & LOAN (INDIA) PVT. LTD. | CRISIL A1+ | 0.48 |
| LIC HOUSING FINANCE LTD. | CRISIL A1+ | 0.33 |
| Corporate Debt/Financial Institutions - Total | 26.32 | |
| Triparty Repo | 4.15 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.27 |
| Alternative Investment Fund - Total | 0.27 | |
| Net Current Assets/(Liabilities) | -1.68 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹)10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 24,90,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Apr 30, 2025 (₹) | 55,38,118 | 16,51,151 | 10,42,142 | 7,02,671 | 4,00,959 | 1,24,806 |
| Scheme Returns (%) | 7.11 | 6.22 | 6.07 | 6.26 | 7.14 | 7.59 |
| Nifty Ultra Short Duration Debt Index A-I Returns (%) | 7.43 | 6.49 | 6.40 | 6.67 | 7.56 | 7.78 |
| Alpha* | -0.31 | -0.27 | -0.32 | -0.41 | -0.42 | -0.18 |
| Nifty Ultra Short Duration Debt Index A-I (₹)# | 57,48,434 | 16,74,645 | 10,54,231 | 7,09,936 | 4,03,440 | 1,24,921 |
| NIFTY 1 Year T-Bill Index (Rs) (₹)^ | 51,92,644 | 16,45,217 | 10,40,215 | 7,00,384 | 4,00,146 | 1,24,712 |
| NIFTY 1 Year T-Bill Index Returns (%) | 6.57 | 6.15 | 6.02 | 6.13 | 7.00 | 7.44 |
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. Since Inception returns are assumed to be starting from the inception
date of the Scheme and calculated accordingly. 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. 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 | Rs42.4072 | Rs44.3913 |
| Monthly IDCW | Rs10.7423 | Rs19.1401 |
Available Plans/Options
A)Regular Plan B)Direct Plan
Options: Reinvestment of IDCW & Growth
(applicable for all plans)
| Fund Manager* | Mr. Deepak Agrawal & Mr. Manu Sharma |
| Benchmark*** | Nifty Ultra Short Duration Debt Index A-I |
| Allotment date | August 13, 2004 |
| AAUM | Rs13,737.26 crs |
| AUM | Rs 14,924.31 crs |
| Folio count | 37,781 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 0.48 yrs |
| Modified Duration | 0.46 yrs |
| Macaulay Duration | 0.47 yrs |
| Annualised YTM* | 6.85% |
| $Standard Deviation | 0.31% |
*in case of semi annual YTM, it will be annualized.
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
• 3-6 months
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load:
Nil. (applicable for all plans)
Total Expense Ratio**
| Regular Plan: | 0.81% |
| Direct Plan: | 0.36% |
Data as on 30th April, 2025 unless
otherwise specified.
Folio Count data as on 31st March 2025.
Folio Count data as on 31st March 2025.
Fund
Benchmark: Nifty Ultra Short Duration Debt Index A-I
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 advisors if in doubt about whether the product is suitable for them.
For latest Riskometer, investors may refer to an addendum issued or updated on website at www.kotakmf.com
(^) 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 Mar 2025 is 67.74% of the net assets.
* 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'
* 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'