| 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.
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.
(as on February 28, 2025)
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.
This product is suitable for investors who are seeking*:
(^) 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 28 Feb 2025 is 13.60% of the net assets.
**Total Expense Ratio includes applicable B30 fee and 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'
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.
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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 | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.93% Central Government(^) | SOV | 5.76 |
| 7.32% Central Government(^) | SOV | 2.67 |
| 8.33% Rajasthan State Govt-Rajasthan | SOV | 0.13 |
| 7.53% Central Government | SOV | 0.04 |
| 7.84% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.02 |
| Government Dated Securities - Total | 8.62 | |
| Public Sector Undertakings | ||
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | CRISIL AAA | 8.96 |
| REC LTD (^) | CRISIL AAA | 6.59 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (^) | CRISIL AAA | 6.57 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | ICRA AAA | 1.99 |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.85 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | ICRA AAA | 0.85 |
| Public Sector Undertakings - Total | 25.81 | |
| Corporate Debt/Financial Institutions | ||
| EMBASSY OFFICE PARKS REIT (^) | CRISIL AAA | 4.91 |
| BAJAJ HOUSING FINANCE LTD. (^) | CRISIL AAA | 3.60 |
| BHARTI TELECOM LTD. (^) | CRISIL AA+ | 2.57 |
| MANKIND PHARMA LTD (^) | CRISIL AA+ | 2.55 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 2.43 |
| PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST)(^) | CRISIL AAA(SO) | 1.90 |
| ADITYA BIRLA HOUSING FINANCE LTD(^) | ICRA AAA | 1.71 |
| PTC INDIA UNIVERSAL TRUST AL1 (SERIES A2) 20/07/2027(INDIA UNIVERSAL TRUST AL1) | FITCH AAA(SO) | 1.59 |
| PNB HOUSING FINANCE LTD.(^) | CARE AA+ | 1.49 |
| PTC INDIA UNIVERSAL TRUST AL2 (SERIES A1) 21/11/2026(INDIA UNIVERSAL TRUST AL2) | FITCH AAA(SO) | 1.32 |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) | CRISIL AAA | 1.25 |
| INDINFRAVIT TRUST | ICRA AAA | 1.23 |
| MINDSPACE BUSINESS PARKS REIT (^) | CRISIL AAA | 1.16 |
| L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (^) | CRISIL AAA(CE) | 1.05 |
| AADHAR HOUSING FINANCE LIMITED (^) | ICRA AA | 0.94 |
| TATA PROJECTS LTD. (^) | FITCH AA | 0.86 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.86 |
| BAJAJ FINANCE LTD. (^) | CRISIL AAA | 0.86 |
| VEDANTA LTD.(^) | ICRA AA | 0.85 |
| VEDANTA LTD. | ICRA AA | 0.85 |
| NEXUS SELECT TRUST REIT (^) | CRISIL AAA | 0.85 |
| LIC HOUSING FINANCE LTD. | CRISIL AAA | 0.85 |
| Kotak Mahindra Prime Ltd. (^) | CRISIL AAA | 0.85 |
| GRIHUM HOUSING FINANCE LIMITED | CARE AA- | 0.85 |
| CAN FIN HOMES LTD.(^) | ICRA AAA | 0.85 |
| ADITYA BIRLA RENEWABLES LIMITED (^) | CRISIL AA | 0.85 |
| PTC SANSAR TRUST (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(SANSAR TRUST) | CRISIL AAA(SO) | 0.82 |
| PTC DHRUVA TRUST (SERIES A1) 24/03/2030 (MAT 24/10/2029)(DHRUVA TRUST) | ICRA AAA(SO) | 0.72 |
| INDIA GRID TRUST (^) | CRISIL AAA | 0.63 |
| PTC INDIA UNIVERSAL TRUST AL2 (SERIES A2) 21/11/2027(INDIA UNIVERSAL TRUST AL2) | FITCH AAA(SO) | 0.58 |
| SUNDARAM HOME FINANCE LTD | ICRA AAA | 0.56 |
| CAN FIN HOMES LTD.(^) | FITCH AA+ | 0.56 |
| PTC SANSAR TRUST (SERIES A1) 25/06/2025 (MAT- 25/09/2028)(SANSAR TRUST) | CRISIL AAA(SO) | 0.53 |
| Nirma Ltd. | CRISIL AA | 0.52 |
| TATA CAPITAL HOUSING FINANCE LTD. | CRISIL AAA | 0.43 |
| PTC First Business Receivables Trust (Series 22) 01/07/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.43 |
| MUTHOOT FINANCE LTD. | CRISIL AA+ | 0.43 |
| John Deere Financial India Private Limited (^) | CRISIL AAA | 0.42 |
| INDIA GRID TRUST(^) | FITCH AAA | 0.42 |
| PTC SANSAR TRUST (SERIES A1) 20/01/2027 (MAT 20/11/2029)(SANSAR TRUST)(^) | CRISIL AAA(SO) | 0.41 |
| PTC FIRST BUSINESS TRUST (SR 24) 01/01/2026(First Business Receivables Trust) | CRISIL AAA(SO) | 0.39 |
| JM FINANCIAL CREDIT SOLUTIONS LTD. | ICRA AA | 0.36 |
| BAJAJ FINANCE LTD. | CRISIL AAA | 0.35 |
| SANSAR TRUST(SANSAR TRUST) | ICRA AAA(SO) | 0.29 |
| NOMURA CAPITAL (INDIA) PRIVATE LIMITED | FITCH AAA | 0.17 |
| GODREJ PROPERTIES LIMITED (^) | ICRA AA+ | 0.13 |
| PNB HOUSING FINANCE LTD. | ICRA AA+ | 0.11 |
| GODREJ INDUSTRIES LTD(^) | ICRA AA+ | 0.04 |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | FITCH AAA | 0.02 |
| GODREJ INDUSTRIES LTD | ICRA AA+ | 0.02 |
| Corporate Debt/Financial Institutions - Total | 48.42 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 364 DAYS TREASURY BILL 29/01/2026 | SOV | 0.80 |
| Treasury Bills - Total | 0.80 | |
| Corporate Debt/Financial Institutions | ||
| HDFC BANK LTD. | CARE A1+ | 7.94 |
| FEDERAL BANK LTD. | CRISIL A1+ | 2.01 |
| IIFL FINANCE LIMITED | CRISIL A1+ | 1.27 |
| EMBASSY OFFICE PARKS REIT | CRISIL A1+ | 0.40 |
| CHOLAMANDALAM SECURITIES LIMITED | ICRA A1+ | 0.33 |
| Corporate Debt/Financial Institutions - Total | 11.95 | |
| Triparty Repo | 1.77 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.28 |
| Alternative Investment Fund - Total | 0.28 | |
| Net Current Assets/(Liabilities) | 2.35 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 20,40,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on February 28, 2025 (₹) | 38,85,496 | 16,67,917 | 10,43,574 | 6,98,333 | 3,98,947 | 1,24,434 |
| Scheme Returns (%) | 7.13 | 6.41 | 6.11 | 6.02 | 6.80 | 7.00 |
| Nifty Low Duration Debt Index A-I Returns (%) | 7.11 | 6.37 | 6.20 | 6.30 | 7.21 | 7.33 |
| Alpha* | 0.01 | 0.05 | -0.09 | -0.28 | -0.41 | -0.33 |
| Nifty Low Duration Debt Index A-I (₹)# | 38,80,909 | 16,63,728 | 10,47,043 | 7,03,237 | 4,01,388 | 1,24,643 |
| NIFTY 1 Year T-Bill Index (₹)^ | 36,59,345 | 16,38,263 | 10,35,095 | 6,96,296 | 3,98,098 | 1,24,281 |
| NIFTY 1 Year T-Bill Index Returns (%) | 6.49 | 6.07 | 5.88 | 5.90 | 6.66 | 6.75 |
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. 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 | Rs3250.3924 | Rs3535.3195 |
| Monthly IDCW | Rs1238.9539 | Rs1502.3444 |
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 |
| Benchmark***: | Nifty Low Duration Debt Index A-I |
| Allotment date | March 6, 2008 |
| AAUM | Rs12,054.79 crs |
| AUM | Rs11,754.82 crs |
| Folio count | 77,433 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 1.66 yrs |
| Modified Duration | 0.93 yrs |
| Macaulay Duration | 0.99 yrs |
| Annualised YTM* | 7.86% |
| $Standard Deviation | 0.29% |
*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
• 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 Plan: | 1.17% |
| Direct Plan: | 0.42% |
Data as on 28th February, 2025 unless
otherwise specified.
Folio Count data as on 31st January 2025.
Folio Count data as on 31st January 2025.
Fund
Benchmark: Nifty Low Duration Debt Index A-I
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 advisors if in doubt about whether the product is suitable for them.
The above risk-o—meter is based on the scheme portfolio as on 31st January, 2025. An addendum may be issued or updated on the website for new riskometer.
(^) 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 28 Feb 2025 is 13.60% of the net assets.
**Total Expense Ratio includes applicable B30 fee and 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'