| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years.
A relatively high interest rate risk and relatively high credit risk.
| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years.
A relatively high interest rate risk and relatively high credit risk.

  

  
Investment Objective
The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. 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 regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. 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
7.10% Central Government SOV 15.08
7.18% Central Government(^) SOV 9.45
7.30% Central Government SOV 1.36
7.32% Central Government SOV 0.27
6.53% Tamil Nadu State Govt-Tamil Nadu SOV 0.15
6.67% Central Government SOV 0.04
Government Dated Securities - Total 26.35
Public Sector Undertakings
DME DEVELOPMENT LIMITED (^) CRISIL AAA 4.19
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 3.06
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT ICRA AAA 0.18
REC LTD CRISIL AAA 0.11
Public Sector Undertakings - Total 7.54
Corporate Debt/Financial Institutions
BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD ICRA A+(CE) 4.77
Tata Steel Ltd. CARE AA+ 4.01
INDIA GRID TRUST CRISIL AAA 3.99
AADHAR HOUSING FINANCE LIMITED ICRA AA 3.47
PIPELINE INFRASTRUCTURE LIMITED CRISIL AAA 3.39
ADITYA BIRLA RENEWABLES LIMITED CRISIL AA 3.20
PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST) CRISIL AAA(SO) 3.19
INDOSTAR CAPITAL FINANCE LIMITED CRISIL AA- 3.19
ADITYA BIRLA REAL ESTATE LTD (^) CRISIL AA 2.91
GODREJ PROPERTIES LIMITED ICRA AA+ 2.68
JM FINANCIAL CREDIT SOLUTIONS LTD. ICRA AA 2.66
EMBASSY OFFICE PARKS REIT CRISIL AAA 2.66
VEDANTA LTD. ICRA AA 2.65
PTC SANSAR TRUST (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(SANSAR TRUST) CRISIL AAA(SO) 2.33
JM FINANCIAL ASSET RECONSTRUCTION CO. PVT. LTD CRISIL AA- 2.29
PRESTIGE PROJECTS PVT. LTD ICRA A 1.61
MUTHOOT FINANCE LTD. CRISIL AA+ 1.35
Bahadur Chand Investments Private Limited ICRA AA 1.33
PTC DHRUVA TRUST (SERIES A1) 24/03/2030 (MAT 24/10/2029)(DHRUVA TRUST) ICRA AAA(SO) 1.18
CAN FIN HOMES LTD. FITCH AA+ 1.07
BHARTI TELECOM LTD. CRISIL AA+ 0.80
TATA PROJECTS LTD. FITCH AA 0.37
IOT Utkal Energy Services Ltd. CRISIL AAA 0.01
Corporate Debt/Financial Institutions - Total 55.11
Triparty Repo 1.56
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 Alternative Investment Fund 0.28
Alternative Investment Fund - Total 0.28
Real Estate & Infrastructure Investment Trusts
Embassy Office Parks REIT Realty 2.90
BROOKFIELD INDIA REAL ESTATE TRUST Realty 1.99
INDUS INFRA TRUST Transport Infrastructure 1.39
CAPITAL INFRA TRUST INVIT Construction 0.55
NEXUS SELECT TRUST REIT Realty 0.50
Real Estate & Infrastructure Investment Trusts - Total 7.33
Net Current Assets/(Liabilities) 1.83
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 (₹) 13,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on February 28, 2025 (₹) 19,31,258 16,80,425 10,58,295 7,08,802 4,03,096 1,24,888
Scheme Returns (%) 6.70 6.56 6.50 6.61 7.50 7.72
CRISIL Medium Duration Debt A-III Index Returns (%) 7.19 7.02 6.72 6.13 7.07 7.40
Alpha* -0.49 -0.46 -0.21 0.48 0.43 0.33
CRISIL Medium Duration Debt A-III Index (₹)# 19,86,924 17,21,632 10,66,310 7,00,366 4,00,555 1,24,683
CRISIL 10 Year Gilt Index (₹)^ 19,04,729 16,58,624 10,54,917 7,03,862 4,08,633 1,25,600
CRISIL 10 Year Gilt Index Returns (%) 6.47 6.31 6.41 6.33 8.43 8.86

Scheme Inception : - March 21, 2014. 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)
RegularDirect
Growth Rs21.9531Rs24.3225
IDCW Rs13.4745Rs24.3245
(as on February 28, 2025)

Available Plans/Options

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


Fund Manager* Mr. Deepak Agrawal, Mr. Sunit Garg
Benchmark***CRISIL Medium Duration Debt A-III Index
Allotment dateMarch 21, 2014
AAUMRs1,874.79 crs
AUMRs1,879.61 crs
Folio count9,079

IDCW Frequency

At discretion of trustees


Debt Quant & Ratios
Average Maturity 4.80 yrs
Modified Duration 3.22 yrs
Macaulay Duration 3.36 yrs
Annualised YTM* 8.32%
$Standard Deviation 1.17%
*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

• 2.5 years & above


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.


Total Expense Ratio**
Regular Plan: 1.63%
Direct Plan: 0.67%

Data as on 28th February, 2025 unless otherwise specified.

Folio Count data as on 31st January 2025.

Fund


Benchmark: CRISIL Medium Duration Debt A-III Index


This product is suitable for investors who are seeking*:
  • Income over a medium term investment horizon
  • Investment in debt, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 years

* 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 2.64% 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'