` Kotak Floating Rate Fund
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
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 floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, 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 floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, 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 9.36
4.81% Central Government SOV 2.66
8.20% State Government(^)-Gujarat SOV 2.02
5.15% Central Government SOV 1.72
8.20% State Government(^)-Rajasthan SOV 1.33
8.24% State Government(^)-Kerala SOV 1.26
4.04% Central Government SOV 1.06
7.89% State Government-Gujarat SOV 1.06
8.20% Central Government SOV 1.01
8.12% State Government-Assam SOV 0.94
8.08% State Government(^)-Punjab SOV 0.94
8.27% State Government-Haryana SOV 0.57
8.50% State Government(^)-Punjab SOV 0.38
8.06% State Government-Chattisgarh SOV 0.31
GS CG 02/01/2025 - (STRIPS) SOV 0.27
6.17% State Government-Telangana SOV 0.24
GS CG 22 Feb 2024 - (STRIPS) SOV 0.21
GS CG 22 Feb 2025 - (STRIPS) SOV 0.20
3.80% Central Government SOV 0.05
8.39% State Government-Rajasthan SOV 0.03
Government Dated Securities - Total 25.62
Public Sector Undertakings
Power Finance Corporation Ltd. (^) CRISIL AAA 5.79
National Bank for Agriculture & Rural Development (^) CRISIL AAA 2.90
Rural Electrification Corporation Ltd.(^) CRISIL AAA 2.83
Rural Electrification Corporation Ltd. CRISIL AAA 2.79
Power Finance Corporation Ltd. CRISIL AAA 1.86
ONGC Petro Additions Ltd.(^) ICRA AAA(CE) 1.81
Canara Bank(Basel III TIER II Bonds)(^) FITCH IND AAA 1.80
Indian Bank(Basel III TIER II Bonds)(^) FITCH IND AA+ 1.78
National Bank for Agriculture & Rural Development(^) ICRA AAA 1.52
State Bank Of India.(Basel III TIER I Bonds) CRISIL AA+ 1.44
State Bank Of India.(Basel III TIER II Bonds)(^) CRISIL AAA 1.17
Bank Of Baroda(Basel III TIER II Bonds) FITCH AAA(IND) 1.05
National Bank for Agriculture & Rural Development CRISIL AAA 1.03
Public Sector Undertakings - Total 27.77
Corporate Debt/Financial Institutions
HDFC Ltd.(^) CRISIL AAA 7.37
LIC Housing Finance Ltd.(^) CRISIL AAA 4.69
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 2.47
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) ICRA AAA(CE) 2.09
Citicorp Finance (India) Ltd. (^) ICRA AAA 1.76
Bharti Telecom Ltd.(^) CRISIL AA+ 1.74
ICICI Bank Ltd.(Basel III TIER I Bonds)(^) CRISIL AA+ 1.49
Bajaj Housing Finance Ltd. (^) CRISIL AAA 1.46
PTC First Business Receivables Trust (Series 22) 01/07/2025(First Business Receivables Trust) CRISIL AAA(SO) 1.25
PTC First Business Receivables Trust (Series 21) 01/04/2025(First Business Receivables Trust) CRISIL AAA(SO) 1.24
LIC Housing Finance Ltd. CRISIL AAA 1.24
Bajaj Finance Ltd.(^) CRISIL AAA 1.19
HDB Financial Services Ltd. CRISIL AAA 1.18
EMBASSY OFFICE PARKS REIT CRISIL AAA 1.18
Kotak Mahindra Prime Ltd. (^) CRISIL AAA 1.17
Tata Capital Housing Finance Ltd.(^) CRISIL AAA 1.16
Kotak Mahindra Prime Ltd. CRISIL AAA 1.10
AXIS Bank Ltd.(^) CRISIL AAA 0.97
Bajaj Finance Ltd. CRISIL AAA 0.29
AXIS Finance Ltd. CRISIL AAA 0.29
Corporate Debt/Financial Institutions - Total 35.33
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
91 Days Treasury Bill 17/03/2022 SOV 3.51
Treasury Bills - Total 3.51
Public Sector Undertakings
National Bank for Agriculture & Rural Development ICRA A1+ 2.32
Public Sector Undertakings - Total 2.32
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 1.70
Corporate Debt/Financial Institutions - Total 1.70
Net Current Assets/(Liabilities) 3.75
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (Rs) 10000 Since Inception 1 year
Total amount invested (Rs) 3,30,000 1,20,000
Total Value as on Jan 31, 2022 (Rs) 3,61,152 1,23,014
Scheme Returns (%) 6.49 4.68
Nifty Short Duration Index Returns (%) 6.15 4.19
Alpha* 0.34 0.49
Nifty Short Duration Index (Rs)# 3,59,465 1,22,699
CRISIL 10 Year Gilt Index (Rs)^ 3,44,353 1,19,543
CRISIL 10 Year Gilt Index (%) 3.03 -0.70

Scheme Inception : - May 14, 2019. 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
Growth OptionRs1,207.0265
Direct Growth OptionRs1,218.6681
Weekly-Reg-Plan-IDCW Rs1,108.5689
Reg-Plan-IDCWRs1,074.2411
Dir-Plan-IDCW Rs1,061.6445

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Growth, Payout of IDCW and Reinvestment of IDCW.

IDCW Frequency

At discretion of trustees


Fund Manager Mr. Deepak Agrawal*
Benchmark***NIFTY Ultra Short Duration Debt Index
Allotment dateMay 14, 2019
AAUMRs 8,487.98 crs
AUMRs 8,503.26 crs
Folio count7,661

Ratios
Portfolio Average Maturity3.95 yrs
IRS Average Maturity*-0.02 yrs
Net Average Maturity3.94 yrs
Portfolio Modified Duration1.79 yrs
IRS Modified Duration*-0.02 yrs
Net Modified Duration1.77 yrs
Portfolio Macaulay Duration1.89 yrs
IRS Macaulay Duration*-0.02 yrs
Net Macaulay Duration1.87 yrs
YTM5.75%
$Standard Deviation1.89%

*Interest Rate Swap
Source: $KMIS & ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Purchase: Rs5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Purchase: Rs1000 & in multiples of Rs1 for purchase and for Rs0.01 for switches.
Ideal Investment Horizon: 2 year & above


Load Structure

Entry Load: Nil.(Applicable for All Plans)
Exit Load: Nil. (Applicable for All Plans)


Total Expense Ratio**

Regular: 0.62%; Direct: 0.22%


Data as on January 31, 2022

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in debt & money market securities having maturity of one business day

* 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 30.58% 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'