| 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 December 31, 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 | ||
| 6.22% Central Government | SOV | 1.59 |
| 8.49% Tamil Nadu State Govt-Tamil Nadu | SOV | 1.41 |
| 7.59% Central Government | SOV | 0.70 |
| 6.04% Gujarat State Govt(^)-Gujarat | SOV | 0.70 |
| 7.07% Tamil Nadu State Govt(^)-Tamil Nadu | SOV | 0.53 |
| 7.57% Gujarat State Govt(^)-Gujarat | SOV | 0.32 |
| GS CG 17/12/2026 - (STRIPS) | SOV | 0.17 |
| 8.27% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.07 |
| 7.85% Andhra Pradesh State Govt-Andhra Pradesh | SOV | 0.04 |
| 8.30% Madhya Pradesh State Govt-Madhya Pradesh | SOV | 0.04 |
| 8.08% Maharashtra State Govt-Maharashtra | SOV | 0.02 |
| 7.17% Rajasthan State Govt-Rajasthan | SOV | 0.02 |
| Government Dated Securities - Total | 5.61 | |
| Public Sector Undertakings | ||
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | CRISIL AAA | 5.89 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | ICRA AAA | 4.08 |
| REC LTD (^) | CRISIL AAA | 3.34 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (^) | CRISIL AAA | 0.99 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | ICRA AAA | 0.04 |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.04 |
| REC LTD | ICRA AAA | 0.04 |
| Public Sector Undertakings - Total | 14.42 | |
| Corporate Debt/Financial Institutions | ||
| BAJAJ HOUSING FINANCE LTD. (^) | CRISIL AAA | 4.87 |
| MANKIND PHARMA LTD (^) | CRISIL AA+ | 3.01 |
| LIC HOUSING FINANCE LTD. (^) | CRISIL AAA | 2.13 |
| BHARTI TELECOM LTD. (^) | CRISIL AAA | 1.93 |
| PTC RADHAKRISHNA SECURITISATION TRUST 28/09/2028(RADHAKRISHNA TRUST) | CRISIL AAA(SO) | 1.47 |
| VEDANTA LTD.(^) | ICRA AA | 1.41 |
| POONAWALLA FINCORP LIMITED (^) | CRISIL AAA | 1.40 |
| GODREJ SEEDS AND GENETICS LTD. (^) | CRISIL AA | 1.36 |
| PIRAMAL FINANCE LTD (^) | CARE AA | 1.24 |
| MUTHOOT FINANCE LTD. (^) | CRISIL AA+ | 1.24 |
| NUVAMA WEALTH FINANCE LIMITED (^) | CARE AA | 1.05 |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) | CRISIL AAA | 1.05 |
| Citicorp Finance (India) Ltd. | ICRA AAA | 1.05 |
| PTC IIFL FIN LIQUID GOLD (SERIES 14A) 20/07/2027(LIQUID GOLD SERIES 14) | CRISIL AAA(SO) | 0.79 |
| JUBILANT BEVCO LIMITED (^) | CRISIL AA | 0.75 |
| PTC IIFL FIN LIQUID GOLD (SERIES 8) 20/08/2027(LIQUID GOLD SERIES 9) | CRISIL AAA(SO) | 0.74 |
| CAN FIN HOMES LTD. | FITCH AAA | 0.71 |
| EMBASSY OFFICE PARKS REIT | CRISIL AAA | 0.70 |
| 360 ONE PRIME LTD. (^) | ICRA AA | 0.70 |
| Nirma Ltd. | CRISIL AA | 0.53 |
| TATA CAPITAL HOUSING FINANCE LTD. (^) | CRISIL AAA | 0.52 |
| PTC INDIA UNIVERSAL TRUST AL1 (SERIES A1) 20/09/2026(INDIA UNIVERSAL TRUST AL1) | FITCH AAA(SO) | 0.39 |
| LIC HOUSING FINANCE LTD.(^) | CRISIL AAA | 0.35 |
| Hindustan Zinc Ltd. (^) | CRISIL AAA | 0.35 |
| VEDANTA LTD. ( Axis Trustee Services Ltd.) (^) | CRISIL AA | 0.35 |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | FITCH AAA | 0.35 |
| BAJAJ FINANCE LTD. | CRISIL AAA | 0.22 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 0.18 |
| GODREJ PROPERTIES LIMITED (^) | ICRA AA+ | 0.18 |
| HDB FINANCIAL SERVICES LTD. | CRISIL AAA | 0.11 |
| L & T FINANCE LTD. | CRISIL AAA | 0.07 |
| TATA CAPITAL LTD. | ICRA AAA | 0.04 |
| SANSAR TRUST(SANSAR TRUST) | ICRA AAA(SO) | 0.04 |
| Corporate Debt/Financial Institutions - Total | 31.28 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 DAYS TREASURY BILL 08/05/2026 | SOV | 2.24 |
| 364 DAYS TREASURY BILL 19/03/2026(^) | SOV | 2.15 |
| 364 DAYS TREASURY BILL 21/05/2026 | SOV | 1.72 |
| 182 DAYS TREASURY BILL 19/02/2026 | SOV | 1.39 |
| 182 DAYS TREASURY BILL 28/05/2026 | SOV | 1.37 |
| 182 DAYS TREASURY BILL 19/03/2026 | SOV | 1.04 |
| 182 DAYS TREASURY BILL 27/02/2026 | SOV | 0.70 |
| 182 DAYS TREASURY BILL 04/06/2026 | SOV | 0.69 |
| 364 DAYS TREASURY BILL 04/06/2026 | SOV | 0.69 |
| 182 DAYS TREASURY BILL 21/05/2026 | SOV | 0.34 |
| Treasury Bills - Total | 12.33 | |
| Public Sector Undertakings | ||
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) | CARE A1+ | 7.75 |
| CANARA BANK(^) | CRISIL A1+ | 4.72 |
| BANK OF BARODA | CARE A1+ | 3.69 |
| BANK OF BARODA(^) | FITCH A1+ | 3.62 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) | CRISIL A1+ | 2.06 |
| Export-Import Bank of India | CRISIL A1+ | 1.54 |
| PUNJAB NATIONAL BANK | FITCH A1+ | 1.39 |
| BANK OF INDIA(^) | CARE A1+ | 1.37 |
| INDIAN BANK | CRISIL A1+ | 1.08 |
| UCO BANK(^) | CRISIL A1+ | 1.03 |
| UNION BANK OF INDIA | FITCH A1+ | 0.87 |
| Public Sector Undertakings - Total | 29.12 | |
| Corporate Debt/Financial Institutions | ||
| HDFC BANK LTD. | CARE A1+ | 2.83 |
| IIFL FINANCE LIMITED | CRISIL A1+ | 2.78 |
| AXIS BANK LTD. | CRISIL A1+ | 2.38 |
| BAJAJ HOUSING FINANCE LTD. | CRISIL A1+ | 1.71 |
| Panatone Finvest Ltd. | CRISIL A1+ | 1.40 |
| CREDILA FINANCIAL SERVICES PVT LTD | CRISIL A1+ | 1.40 |
| Manappuram Finance Ltd.(^) | CRISIL A1+ | 1.33 |
| Bahadur Chand Investments Private Limited | ICRA A1+ | 1.18 |
| MUTHOOT FINANCE LTD. | CRISIL A1+ | 1.05 |
| TATA TELESERVICES LIMITED | CRISIL A1+ | 0.99 |
| INDUSIND BANK LTD. | CRISIL A1+ | 0.70 |
| ICICI SECURITIES LIMITED | CRISIL A1+ | 0.70 |
| BARCLAYS INVESTMENTS & LOAN (INDIA) PVT. LTD. | CRISIL A1+ | 0.69 |
| IIFL CAPITAL SERVICES LTD. | CRISIL A1+ | 0.52 |
| IDBI BANK LTD. | CRISIL A1+ | 0.52 |
| SBICAP SECURITIES LIMITED | CRISIL A1+ | 0.35 |
| STANDARD CHARTERED CAPITAL LTD. | CRISIL A1+ | 0.17 |
| Corporate Debt/Financial Institutions - Total | 20.70 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.32 |
| Alternative Investment Fund - Total | 0.32 | |
| Net Current Assets/(Liabilities) | -13.78 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹)10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 25,70,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Dec 31, 2025 (₹) | 58,48,779 | 16,47,466 | 10,42,983 | 7,06,166 | 3,99,440 | 1,24,069 |
| Scheme Returns (%) | 7.07 | 6.17 | 6.09 | 6.45 | 6.87 | 6.35 |
| Nifty Ultra Short Duration Debt Index A-I Returns (%) | 7.38 | 6.45 | 6.41 | 6.83 | 7.19 | 6.54 |
| Alpha* | -0.31 | -0.27 | -0.33 | -0.38 | -0.32 | -0.18 |
| Nifty Ultra Short Duration Debt Index A-I (₹)# | 60,76,540 | 16,71,245 | 10,55,200 | 7,12,954 | 4,01,366 | 1,24,186 |
| NIFTY 1 Year T-Bill Index (Rs) (₹)^ | 54,83,756 | 16,41,395 | 10,39,976 | 7,03,397 | 3,98,701 | 1,23,966 |
| NIFTY 1 Year T-Bill Index Returns (%) | 6.55 | 6.10 | 6.01 | 6.29 | 6.74 | 6.19 |
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 | Rs44.1602 | Rs46.3687 |
| Monthly IDCW | Rs10.7458 | Rs19.9873 |
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 | Rs16,562.47 crs |
| AUM | Rs 14,243.17 crs |
| Folio count | 36,493 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 0.57 yrs |
| Modified Duration | 0.49 yrs |
| Macaulay Duration | 0.51 yrs |
| Annualised YTM* | 6.66% |
| $Standard Deviation | 0.39% |
*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: | 0.82% |
| Direct Plan: | 0.36% |
Data as on 31st December, 2025 unless
otherwise specified.
Folio Count data as on 30th November 2025.
Folio Count data as on 30th November 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 Dec 2025 is 25.95% of the net assets.
**Total Expense Ratio includes applicable GST
* 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'
**Total Expense Ratio includes applicable GST
* 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'