| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.
| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. 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 income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. 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
4.62% Central Government(^) SOV 5.99
7.59% Central Government(^) SOV 4.01
4.81% Central Government SOV 1.88
7.84% State Government-Tamil Nadu SOV 1.32
6.97% State Government(^)-Karnataka SOV 0.84
4.04% Central Government SOV 0.70
8.08% State Government(^)-Karnataka SOV 0.62
8.08% State Government-Gujarat SOV 0.44
8.03% State Government-Gujarat SOV 0.44
7.86% State Government-Karnataka SOV 0.44
6.44% State Government-Maharashtra SOV 0.41
7.62% State Government-Tamil Nadu SOV 0.31
8.15% Central Government SOV 0.26
8.45% State Government-Punjab SOV 0.01
Government Dated Securities - Total 17.67
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 3.95
National Bank for Agriculture & Rural Development ICRA AAA 3.33
National Bank for Agriculture & Rural Development CRISIL AAA 2.87
Power Finance Corporation Ltd. CRISIL AAA 2.42
Food Corporation of India CRISIL AAA(CE) 2.38
National Bank for Agriculture & Rural Development CRISIL AAA 2.12
Rural Electrification Corporation Ltd. CRISIL AAA 1.96
State Bank Of India.(Basel III TIER II Bonds)(^) CRISIL AAA 1.45
Rural Electrification Corporation Ltd. CRISIL AAA 0.64
Mangalore Refinery and Petrochemicals Ltd. FITCH AAA(IND) 0.62
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 0.45
Small Industries Development Bank Of India ICRA AAA 0.13
Public Sector Undertakings - Total 22.32
Corporate Debt/Financial Institutions
HDFC Ltd.(^) CRISIL AAA 4.75
LIC Housing Finance Ltd.(^) CRISIL AAA 3.45
HDB Financial Services Ltd. CRISIL AAA 2.64
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) CRISIL AAA 2.64
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) ICRA AAA(CE) 2.53
Bajaj Finance Ltd. (^) CRISIL AAA 2.52
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 2.30
Reliance Industries Ltd. CRISIL AAA 2.30
HDB Financial Services Ltd. (^) CRISIL AAA 1.92
LIC Housing Finance Ltd. (^) CARE AAA 1.67
LIC Housing Finance Ltd. CARE AAA 1.66
Bajaj Housing Finance Ltd. (^) CRISIL AAA 1.66
Grasim Industries Ltd.(^) CRISIL AAA 1.64
Tata Capital Financial Services Limited ICRA AAA 1.25
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 0.92
Tata Capital Financial Services Limited(^) ICRA AAA 0.85
Embassy Office Parks Reit(^) CRISIL AAA 0.85
Mindspace Business Parks REIT CRISIL AAA 0.83
Kotak Mahindra Prime Ltd.(^) CRISIL AAA 0.83
Embassy Office Parks Reit (^) CRISIL AAA 0.83
John Deere Financial India Private Limited CRISIL AAA 0.62
Larsen and Toubro Ltd. CRISIL AAA 0.50
ICICI Bank Ltd.(Basel III TIER II Bonds)(^) ICRA AAA 0.43
Sundaram Finance Ltd. ICRA AAA 0.42
LIC Housing Finance Ltd. (^) CRISIL AAA 0.42
Aditya Birla Finance Ltd. ICRA AAA 0.42
Aditya Birla Finance Ltd. ICRA AAA 0.42
India Grid Trust CRISIL AAA 0.37
Kotak Mahindra Bank Ltd. CRISIL AAA 0.13
HDFC Ltd. CRISIL AAA 0.04
Corporate Debt/Financial Institutions - Total 41.81
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
91 Days Treasury Bill 31/03/2022 SOV 1.24
364 Days Treasury Bill 24/03/2022 SOV 0.83
Treasury Bills - Total 2.07
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 2.41
HDFC Bank Ltd. CARE A1+ 0.81
Corporate Debt/Financial Institutions - Total 3.22
Triparty Repo 10.72
Net Current Assets/(Liabilities) 2.19
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 (Rs) 17,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Jan 31, 2022 (Rs) 31,65,375 17,94,803 10,90,559 7,16,124 3,95,069 1,22,637
Scheme Returns (%) 7.94 7.81 7.34 7.01 6.12 4.09
CRISIL Corporate Bond Composite Index Returns (%) 8.82 8.51 8.05 7.86 7.44 4.48
Alpha -0.88 -0.71 -0.71 -0.86 -1.32 -0.39
CRISIL Corporate Bond Composite Index (Rs)# 33,93,994 18,62,824 11,18,747 7,31,654 4,02,901 1,22,888
CRISIL 10 Year Gilt Index (Rs)^ 28,10,728 16,73,751 10,33,010 6,86,320 3,80,617 1,19,543
CRISIL 10 Year Gilt Index (%) 6.43 6.47 5.82 5.31 3.65 -0.70

Scheme Inception : - September 21, 2007. 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 OptionRs3,012.3786
Direct Plan- Growth OptionRs3,108.9042
Monthly-Reg-Plan-IDCW Rs1,047.5391
Monthly-Dir-Plan-IDCW Rs1,084.7418

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*
BenchmarkCRISIL Corporate Bond Composite Index
Allotment dateSeptember 21, 2007
AAUMRs11,062.16 crs
AUMRs12,020.72 crs
Folio count36,907

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity2.69 yrs
IRS Average Maturity*-0.14 yrs
Net Average Maturity2.55 yrs
Portfolio Modified Duration1.31 yrs
IRS Modified Duration*-0.13 yrs
Net Modified Duration1.18 yrs
Portfolio Macaulay Duration1.37 yrs
IRS Macaulay Duration*-0.13 yrs
Net Macaulay Duration1.24 yrs
YTM5.18%
$Standard Deviation1.11%

*Interest Rate Swap
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: 1-1.5 year


Load Structure

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


Total Expense Ratio**

Regular: 0.65%; Direct: 0.29%


Data as on January 31, 2022

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Regular Income over short term
  • Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate bonds.

* 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 Jan 2022 is 18.28% of the net assets.

**Total Expense Ratio includes applicable B30 fee and GST
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'