| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate credit risk.
| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
The primary objective of the Scheme is to generate income through investment primarily in low duration debt & 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

Debt Instruments
Debentures and Bonds
Government Dated Securities
7.42% Central Government SOV 9.18
7.16% Central Government SOV 2.63
7.01% Central Government SOV 1.42
7.69% Central Government SOV 0.99
6.75% Central Government SOV 0.59
7.84% Tamil Nadu State Govt-Tamil Nadu SOV 0.03
Government Dated Securities - Total 14.84
Public Sector Undertakings
State Bank Of India.(Basel III TIER II Bonds) CRISIL AAA 4.45
Rural Electrification Corporation Ltd.(^) CRISIL AAA 2.10
Power Finance Corporation Ltd. CRISIL AAA 1.90
Public Sector Undertakings - Total 8.45
Corporate Debt/Financial Institutions
Embassy Office Parks Reit CRISIL AAA 4.51
Shriram Finance Limited CRISIL AA+ 3.95
Bharti Telecom Ltd. CRISIL AA+ 2.30
HDFC Ltd.(^) CRISIL AAA 2.29
Tata Projects Ltd. FITCH IND AA 2.26
Cholamandalam Investment and Finance Company Ltd. ICRA AA+ 1.97
Kirloskar Ferrous Industries Ltd. ICRA AA 1.61
Shriram Finance Limited FITCH IND AA+ 1.46
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 1.31
HDB Financial Services Ltd. CRISIL AAA 1.31
Bahadur Chand Investments Private Limited ICRA AA 1.31
Mindspace Business Parks Reit CRISIL AAA 1.30
Muthoot Finance Ltd. CRISIL AA+ 1.28
Sundaram Home Finance Ltd CARE AA+ 0.99
Tata Capital Housing Finance Ltd. CRISIL AAA 0.98
Tata Capital Financial Services Limited ICRA AAA 0.98
India Grid Trust CRISIL AAA 0.93
Hindustan Zinc Ltd. CRISIL AAA 0.77
LIC Housing Finance Ltd. CRISIL AAA 0.65
Phoenix ARC Pvt Ltd CRISIL AA 0.64
DLF Cyber City Developers Ltd CRISIL AA 0.64
Bajaj Housing Finance Ltd. CRISIL AAA 0.52
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) ICRA AAA(CE) 0.33
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 0.33
ICICI Home Finance Company Limited CRISIL AAA 0.33
Tata Power Company Ltd. CARE AA 0.27
Poonawalla Fincorp Limited CRISIL AA+ 0.19
Godrej Industries Ltd CRISIL AA 0.13
Corporate Debt/Financial Institutions - Total 35.54
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 02/03/2023 SOV 0.32
Treasury Bills - Total 0.32
Public Sector Undertakings
Bank Of Baroda FITCH IND A1+ 4.42
Small Industries Development Bank Of India CRISIL A1+ 3.25
Canara Bank CRISIL A1+ 2.23
Small Industries Development Bank Of India CARE A1+ 1.54
Export-Import Bank of India CRISIL AAA 1.20
Public Sector Undertakings - Total 12.64
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 8.16
HDFC Bank Ltd. CARE A1+ 5.71
HDFC Ltd. CRISIL A1+ 4.35
Vedanta Ltd. CRISIL A1+ 3.87
Piramal Enterprises Ltd. CRISIL A1+ 1.97
JSW Energy Ltd. ICRA A1+ 1.16
Panatone Finvest Ltd. CRISIL A1+ 0.94
Corporate Debt/Financial Institutions - Total 26.16
Triparty Repo 0.88
Net Current Assets/(Liabilities) 1.17
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 (₹) 17,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Dec 30, 2022 (₹) 31,15,926 16,85,150 10,35,361 6,86,317 3,84,095 1,22,952
Scheme Returns (%) 7.17 6.61 5.89 5.32 4.26 4.62
Nifty Low Duration Debt Index B-I Returns (%) 7.32 6.65 6.04 5.61 4.84 5.29
Alpha -0.16 -0.05 -0.15 -0.29 -0.57 -0.67
Nifty Low Duration Debt Index B-I (₹)# 31,55,683 16,89,155 10,40,937 6,91,271 3,87,412 1,23,378
Nifty Low Duration Debt Index Returns (%) 7.20 6.51 5.88 5.42 4.62 5.18
Alpha -0.03 0.10 0.01 -0.09 -0.36 -0.56
Nifty Low Duration Debt Index (₹)# 31,24,320 16,76,395 10,35,085 6,87,945 3,86,188 1,23,307
CRISIL 1 Year T-Bill Index (₹)^ 28,62,734 16,18,072 10,13,270 6,78,198 3,82,873 1,23,057
CRISIL 1 Year T-Bill Index Returns (%) 6.12 5.83 5.28 4.85 4.05 4.78

Scheme Inception : - March 06, 2008. 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.
NAV
Regular Plan-Growth Option Rs2810.1018
Direct Plan- Growth Option Rs3005.8053
Monthly-Reg-Plan-IDCW Rs1071.1195
Monthly-Dir-Plan-IDCW Rs1277.3284

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (payout of IDCW is available under monthly IDCW only) (applicable for all plans)


Fund Manager* Mr. Deepak Agrawal, Mr. Manu Sharma & Mr. Vihag Mishra
(Dedicated fund manager for investments in foreign securities)
Benchmark***:Nifty Low Duration Debt Index B-I (Tier 1) Nifty Low Duration Debt Index (Tier 2)
Allotment dateMarch 6, 2008
AAUMRs7,554.06 crs
AUMRs7,618.33 crs
Folio count90,569

IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity2.17 yrs
IRS Average Maturity*0.01 yrs
Net Average Maturity2.17 yrs
Portfolio Modified Duration0.73 yrs
IRS Modified Duration*0.01 yrs
Net Modified Duration0.74 yrs
Portfolio Macaulay Duration0.76 yrs
IRS Macaulay Duration*0.01 yrs
Net Macaulay Duration0.77 yrs
Annualised YTM*7.73%
$Standard Deviation0.83%

*Interest Rate Swap
*in case of semi annual YTM, it will be annualized.
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 for purchase and for Rs0.01 for switches.
Ideal Investment Horizon: 6-9 months


Load Structure

Entry Load: Nil.
Exit Load: Nil.
Any exit load charged (net off Service Tax, if any) shall be credited back to the Scheme;


Total Expense Ratio**

Regular: 1.19%; Direct: 0.42%


Data as on December 31, 2022

Fund


Benchmark


Benchmark


This product is suitable for investors who are seeking*:
  • Regular Income over short term
  • Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months

* 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 31 Dec 2022 is 2.61% 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'