| KOTAK CONSERVATIVE HYBRID FUND
(ERSTWHILE KNOWN AS KOTAK DEBT HYBRID FUND)
An open ended hybrid scheme investing predominantly in debt instruments
| KOTAK CONSERVATIVE HYBRID FUND
(ERSTWHILE KNOWN AS KOTAK DEBT HYBRID FUND)
An open ended hybrid scheme investing predominantly in debt instruments

   

   
Investment Objective
The investment objective of the Scheme is to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments. By investing in debt securities, the Scheme will aim at generating regular returns, while enhancement of return is intended through investing in equity and equity related securities. The Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. However, there is no assurance that the objective of the scheme will be achieved.

The investment objective of the Scheme is to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments. By investing in debt securities, the Scheme will aim at generating regular returns, while enhancement of return is intended through investing in equity and equity related securities. The Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. However, there is no assurance that the objective of the scheme will be achieved.


Issuer/Instrument Rating % to Net
Assets

Equity & Equity related
Banks 5.90
ICICI Bank Ltd. 1.54
STATE BANK OF INDIA 1.32
HDFC Bank Ltd. 0.88
Axis Bank Ltd. 0.71
BANK OF MAHARASHTRA 0.44
INDIAN BANK 0.42
Bank Of Baroda 0.39
IndusInd Bank Ltd. 0.20
Automobiles 2.03
Maruti Suzuki India Limited 1.10
Hero MotoCorp Ltd. 0.93
Telecom - Services 1.53
Bharti Airtel Ltd 1.05
Indus Towers Ltd. 0.48
Pharmaceuticals and Biotechnology 1.51
Divi s Laboratories Ltd. 0.63
TORRENT PHARMACEUTICALS LTD. 0.49
Sun Pharmaceuticals Industries Ltd. 0.39
Healthcare Services 1.48
MAX HEALTHCARE INSTITUTE LTD. 0.56
Fortis Healthcare India Ltd 0.39
ASTER DM HEALTHCARE LTD 0.36
MOLBIO DIAGNOSTICS LIMITED 0.17
IT - Software 1.35
Tech Mahindra Ltd. 0.59
Mphasis Ltd 0.44
Infosys Ltd. 0.32
Capital Markets 0.96
BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) 0.53
NIPPON LIFE INDIA ASSET MANAGEMENT LTD. 0.35
SBI FUNDS MANAGEMENT LIMITED 0.08
Retailing 0.93
SWIGGY LTD 0.47
LENSKART SOLUTIONS LIMITED 0.46
Power 0.92
NTPC LTD 0.92
Petroleum Products 0.89
RELIANCE INDUSTRIES LTD. 0.89
Finance 0.88
POONAWALLA FINCORP LTD. 0.43
Power Finance Corporation Ltd. 0.25
Cholamandalam Investment and Finance Company Ltd. 0.20
Beverages 0.86
RADICO KHAITAN LTD. 0.46
UNITED SPIRITS LTD. 0.40
Consumer Durables 0.65
Century Plyboards (India) Ltd. 0.34
Pokarna Ltd. 0.20
LG ELECTRONICS INDIA LTD 0.11
Agricultural, Commercial and Construction Vehicles 0.61
V.S.T Tillers Tractors Ltd 0.31
ASHOK LEYLAND LTD. 0.30
Food Products 0.56
Britannia Industries Ltd. 0.56
Auto Components 0.49
Schaeffler India Ltd 0.40
TENNECO CLEAN AIR INDIA LIMITED 0.09
Realty 0.47
BAGMANE PRIME OFFICE REIT(*) 0.47
Transport Services 0.46
Inter Globe Aviation Ltd 0.46
Ferrous Metals 0.44
Tata Steel Ltd. 0.44
Cement and Cement Products 0.29
Ultratech Cement Ltd. 0.29
Diversified FMCG 0.20
ITC Ltd. 0.20
Insurance 0.18
LIFE INSURANCE CORPORATION OF INDIA LTD. 0.18
Industrial Manufacturing 0.06
INDO-MIM LTD 0.06
Equity & Equity related - Total 23.65
Debt Instruments
Debentures and Bonds
Government Dated Securities
7.24% Central Government(^) SOV 7.14
6.90% Central Government(^) SOV 6.64
7.80% Tamil Nadu State Govt(^)-Tamil Nadu SOV 1.78
7.45% Bihar State Govt-Bihar SOV 1.23
7.73% Tamil Nadu State Govt(^)-Tamil Nadu SOV 0.89
GS CG 25/11/2035 - (STRIPS) SOV 0.57
7.74% Tamil Nadu State Govt(^)-Tamil Nadu SOV 0.53
7.56% Karnataka State Govt-Karnataka SOV 0.51
GS CG 15/04/2038 - (STRIPS) SOV 0.46
7.52% Bihar State Govt-Bihar SOV 0.35
7.54% Tamil Nadu State Govt-Tamil Nadu SOV 0.35
7.17% Tamil Nadu State Govt-Tamil Nadu SOV 0.35
GS CG 06/05/2038 - (STRIPS) SOV 0.32
7.30% Central Government(^) SOV 0.32
GS CG 22/04/2036 - (STRIPS) SOV 0.18
8.15% Tamil Nadu State Govt-Tamil Nadu SOV 0.18
7.65% Madhya Pradesh State Govt-Madhya Pradesh SOV 0.18
7.17% Central Government SOV 0.17
6.57% Andhra Pradesh State Govt-Andhra Pradesh SOV 0.17
6.88% Bihar State Govt-Bihar SOV 0.17
GS CG 25/05/2036 - (STRIPS) SOV 0.10
GS CG 25/05/2037 - (STRIPS) SOV 0.09
GS CG 25/05/2038 - (STRIPS) SOV 0.09
GS CG 25/11/2038 - (STRIPS) SOV 0.08
GS CG 25/05/2041 - (STRIPS) SOV 0.07
GS CG 25/05/2040 - (STRIPS) SOV 0.07
8.05% Tamil Nadu State Govt-Tamil Nadu SOV 0.07
7.09% Central Government(^) SOV 0.07
GS CG 25/11/2040 - (STRIPS) SOV 0.07
7.26% Central Government SOV 0.04
7.34% Central Government SOV 0.02
Government Dated Securities - Total 23.26
Public Sector Undertakings
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT CRISIL AAA 3.76
National Housing Bank (^) CARE AAA 2.05
REC LTD (^) CRISIL AAA 1.22
TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LTD. FITCH AA(CE) 1.18
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT ICRA AAA 0.87
Power Finance Corporation Ltd. (^) CRISIL AAA 0.81
REC LTD CRISIL AAA 0.53
INDIAN RAILWAY FINANCE CORPORATION LTD. CRISIL AAA 0.27
Power Finance Corporation Ltd. CRISIL AAA 0.22
Power Grid Corporation of India Ltd. CRISIL AAA 0.19
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 0.01
Public Sector Undertakings - Total 11.11
Corporate Debt/Financial Institutions
JTPM METAL TRADERS PVT LTD (^) CRISIL AA 3.81
LIC HOUSING FINANCE LTD. CRISIL AAA 2.81
MUTHOOT FINANCE LTD. CRISIL AA+ 2.64
PTC SIDDHIVINAYAK SECURITISATION TRUST 28/09/2030(SIDDHIVINAYAK TRUST) CRISIL AAA(SO) 2.59
PTC SHIVSHAKTI SECURITISATION TRUST 28/09/2029(SHIVSHAKTI TRUST) CRISIL AAA(SO) 2.57
ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITED FITCH AA(CE) 1.89
360 ONE PRIME LTD. (^) ICRA AA 1.77
ADANI POWER LTD CRISIL AA 1.23
BHARTI TELECOM LTD. CRISIL AAA 0.88
HDB FINANCIAL SERVICES LTD. CRISIL AAA 0.18
Corporate Debt/Financial Institutions - Total 20.37
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
HDFC BANK LTD. CARE A1+ 0.87
SUNDARAM FINANCE LTD. CRISIL A1+ 0.17
Corporate Debt/Financial Institutions - Total 1.04
Triparty Repo 18.93
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 Alternative Investment Fund 0.32
Alternative Investment Fund - Total 0.32
Infrastructure Investment Trusts
RAAJMARG INFRA INVESTMENT TRUST Transport Infrastructure 0.29
INDUS INFRA TRUST Transport Infrastructure 0.06
Infrastructure Investment Trusts - Total 0.35
Net Current Assets/(Liabilities) 0.97
Grand Total 100.00



Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (Rs) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 27,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on August 31, 2026 (₹) 80,20,068 18,64,270 11,25,855 7,16,027 3,87,684 1,22,114
Scheme Returns (%) 8.55 8.53 8.23 7.01 4.88 3.29
CRISIL Hybrid 85+15 Conservative Index Returns (%) 8.39 7.78 7.35 7.05 6.13 4.79
Alpha* 0.15 0.75 0.88 -0.04 -1.26 -1.50
CRISIL Hybrid 85+15 Conservative Index (₹)# 78,53,443 17,92,114 10,91,001 7,16,741 3,95,036 1,23,071
CRISIL 10 Year Gilt Index (₹)^ 58,75,489 16,08,312 10,20,199 6,97,223 3,89,863 1,22,041
CRISIL 10 Year Gilt Index Returns (%) 6.22 5.71 5.47 5.95 5.25 3.18

Scheme Inception : - December 02, 2003. 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. TRI – Total Return Index, In terms of Para no 7.23 of SEBI Master Circular no. HO/24/13/11(1)2026-IMD-POD-1/I/7602/2026 dated March 20, 2026, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). 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)
RegularDirect
Growth Rs59.9152Rs70.1017
Monthly IDCW Rs12.1917Rs13.4207
(as on August 31, 2026)

Available Plans/Options

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


Fund Manager* Mr. Shibani Sircar Kurian &
Mr. Abhishek Bisen
BenchmarkCRISIL Hybrid 85+15 Conservative Index
Allotment dateDecember 02, 2003
AAUMRs2,856.56 crs
AUMRs2,832.74 crs
Folio count54,233

IDCW Frequency

Monthly (12th of every Month)


Debt Quant & Ratios
Average Maturity 8.19 yrs
Modified Duration 3.53 yrs
Macaulay Duration 3.68 yrs
Annualised YTM* 7.23%
$Standard Deviation 5.68%
^^P/E$$ 13.71
^^P/BV$$ 1.97
*in case of semi annual YTM, it will be annualized.
$$Equity Component of the Portfolio.

Source: $ICRA MFI Explorer, ^^Bloomberg

Market Capitalisation*
Large Cap15.23%
Mid Cap6.70%
Small Cap1.25%
Debt & Money Market76.82%

*% of Net Asset

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 years & above


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load:
• For redemption / switch out of upto 8% of the initial investment amount (limit) purchased or switched in within 6 months from the date of allotment: Nil.
• If units redeemed or switched out are in excess of the limit within 6 months from the date of allotment: 1%
• If units are redeemed or switched out after 6 months from the date of allotment: NIL


Expense Ratio**
Regular Plan: 1.72%
Direct Plan: 0.57%

Data as on 31st August, 2026 unless otherwise specified.

Folio Count data as on 31st July 2026.


Fund



Benchmark: CRISIL Hybrid 85+15 Conservative Index


This product is suitable for investors who are seeking*:
  • Income & capital growth over a long term horizon
  • Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments

* 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 Aug 2026 is 12.43% of the net assets.
2026).***Existing investment in REITs held by debt schemes of Mutual Funds as on August 31, 2026, is grandfathered.
## Risk rate assumed to be 5.24% (FBIL Overnight MIBOR rate as on 31st August 2026).**The expense ratio disclosed above represents the Base Expense Ratio (BER), including applicable statutory levies on expenses forming part of the BER, but excludes brokerage, transaction costs and related statutory levies. For Total Expense Ratio including brokerage, transaction cost and related statutory levies please refer our website: https://www.kotakmf.com/Information/TER.
* 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'