| 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 January 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 | ||
| 5.65% Tamil Nadu State Govt-Tamil Nadu | SOV | 1.14 |
| 8.29% Maharashtra State Govt-Maharashtra | SOV | 0.77 |
| 6.04% Gujarat State Govt(^)-Gujarat | SOV | 0.75 |
| 7.07% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.57 |
| 7.57% Gujarat State Govt-Gujarat | SOV | 0.35 |
| 8.24% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.19 |
| GS CG 12/09/2025 - (STRIPS) | SOV | 0.18 |
| GS CG 17/12/2026 - (STRIPS) | SOV | 0.17 |
| Government Dated Securities - Total | 4.12 | |
| Public Sector Undertakings | ||
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | CRISIL AAA | 4.06 |
| REC LTD (^) | CRISIL AAA | 2.85 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | ICRA AAA | 0.57 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (^) | CRISIL AAA | 0.38 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 0.11 |
| Public Sector Undertakings - Total | 7.97 | |
| Corporate Debt/Financial Institutions | ||
| BHARTI TELECOM LTD. (^) | CRISIL AA+ | 3.43 |
| MANKIND PHARMA LTD | CRISIL AA+ | 2.29 |
| Nirma Ltd. | CRISIL AA | 1.90 |
| LIC HOUSING FINANCE LTD. (^) | CRISIL AAA | 1.90 |
| EMBASSY OFFICE PARKS REIT (^) | CRISIL AAA | 1.64 |
| PTC INDIA UNIVERSAL TRUST AL1 (SERIES A1) 20/09/2026(INDIA UNIVERSAL TRUST AL1) | FITCH AAA(SO) | 1.35 |
| BAJAJ HOUSING FINANCE LTD. (^) | CRISIL AAA | 1.33 |
| HDB Financial Services Ltd. | CRISIL AAA | 1.14 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD.(^) | ICRA AA+ | 0.92 |
| GRIHUM HOUSING FINANCE LIMITED (^) | CARE AA- | 0.76 |
| TITAN COMPANY LTD. (^) | CRISIL AAA | 0.76 |
| John Deere Financial India Private Limited | CRISIL AAA | 0.75 |
| Kotak Mahindra Prime Ltd. | CRISIL AAA | 0.38 |
| LIC HOUSING FINANCE LTD. | CRISIL AAA | 0.27 |
| SANSAR TRUST(SANSAR TRUST) | ICRA AAA(SO) | 0.25 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 0.19 |
| MUTHOOT FINANCE LTD. | CRISIL AA+ | 0.19 |
| GODREJ INDUSTRIES LTD | ICRA AA+ | 0.19 |
| PNB HOUSING FINANCE LTD. | ICRA AA+ | 0.10 |
| Corporate Debt/Financial Institutions - Total | 19.74 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 DAYS TREASURY BILL 15/05/2025 | SOV | 3.73 |
| 364 DAYS TREASURY BILL 06/02/2025 | SOV | 3.04 |
| 182 DAYS TREASURY BILL 08/05/2025 | SOV | 1.38 |
| 182 DAYS TREASURY BILL 14/02/2025 | SOV | 1.14 |
| 364 DAYS TREASURY BILL 26/12/2025 | SOV | 0.72 |
| 182 DAYS TREASURY BILL 01/05/2025 | SOV | 0.71 |
| Treasury Bills - Total | 10.72 | |
| Public Sector Undertakings | ||
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) | CARE A1+ | 5.44 |
| UNION BANK OF INDIA(^) | FITCH A1+ | 4.13 |
| INDIAN BANK(^) | CRISIL A1+ | 3.92 |
| PUNJAB NATIONAL BANK | CARE A1+ | 3.29 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | CRISIL A1+ | 2.95 |
| PUNJAB NATIONAL BANK | CRISIL A1+ | 1.42 |
| CANARA BANK | CRISIL A1+ | 0.57 |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | FITCH A1+(IND) | 0.57 |
| Public Sector Undertakings - Total | 22.29 | |
| Corporate Debt/Financial Institutions | ||
| AXIS BANK LTD.(^) | CRISIL A1+ | 6.96 |
| HDFC BANK LTD.(^) | CARE A1+ | 3.98 |
| INDUSIND BANK LTD.(^) | CRISIL A1+ | 3.58 |
| IDFC FIRST BANK LIMITED(^) | CRISIL A1+ | 3.31 |
| BHARTI TELECOM LTD.(^) | CRISIL A1+ | 3.23 |
| FEDERAL BANK LTD. | CRISIL A1+ | 1.89 |
| Panatone Finvest Ltd. | CRISIL A1+ | 1.41 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | CRISIL A1+ | 1.14 |
| MUTHOOT FINANCE LTD. | CRISIL A1+ | 1.06 |
| HERO FINCORP LTD. | CRISIL A1+ | 0.76 |
| Bahadur Chand Investments Private Limited(^) | ICRA A1+ | 0.73 |
| ICICI SECURITIES LIMITED | CRISIL A1+ | 0.71 |
| BARCLAYS INVESTMENTS & LOAN (INDIA) PVT. LTD. | CRISIL A1+ | 0.57 |
| Corporate Debt/Financial Institutions - Total | 29.33 | |
| Triparty Repo | 4.79 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.30 |
| Alternative Investment Fund - Total | 0.30 | |
| Net Current Assets/(Liabilities) | 0.74 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹)10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 24,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on January 31, 2025 (₹) | 53,98,050 | 16,44,855 | 10,36,752 | 6,97,895 | 3,99,035 | 1,24,472 |
| Scheme Returns (%) | 7.09 | 6.14 | 5.92 | 5.98 | 6.79 | 6.96 |
| Nifty Ultra Short Duration Debt Index A-I Returns (%) | 7.41 | 6.43 | 6.27 | 6.43 | 7.31 | 7.45 |
| Alpha* | -0.32 | -0.29 | -0.35 | -0.46 | -0.53 | -0.49 |
| Nifty Ultra Short Duration Debt Index A-I (₹)# | 56,07,035 | 16,69,883 | 10,49,889 | 7,05,934 | 4,02,174 | 1,24,781 |
| NIFTY 1 Year T-Bill Index (₹)^ | 50,63,094 | 16,39,414 | 10,35,470 | 6,96,252 | 3,98,188 | 1,24,412 |
| NIFTY 1 Year T-Bill Index Returns (%) | 6.54 | 6.08 | 5.88 | 5.88 | 6.65 | 6.87 |
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. 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 | Rs41.5627 | Rs43.4595 |
| Monthly IDCW | Rs10.7494 | Rs18.7384 |
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 | Rs13,694.66 crs |
| AUM | Rs 13,150.62 crs |
| Folio count | 38,830 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 0.50 yrs |
| Modified Duration | 0.48 yrs |
| Macaulay Duration | 0.49 yrs |
| Annualised YTM* | 7.53% |
| $Standard Deviation | 0.18% |
*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: | 0.37% |
Data as on 31st January, 2025 unless
otherwise specified.
Folio Count data as on 31st December 2024.
Folio Count data as on 31st December 2024.
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.
The above risk-o—meter is based on the scheme portfolio as on 31st December, 2024. 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 31 Jan 2025 is 3.40% of the net assets.
* 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'
* 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'