| KOTAK BANKING AND PSU DEBT FUND
An open ended debt scheme predominantly investing in Debtinstruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk.
| KOTAK BANKING AND PSU DEBT FUND
An open ended debt scheme predominantly investing in Debtinstruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government & State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.

To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government & State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that 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
5.53% Central Government(^) SOV 11.56
4.41% Central Government(^) SOV 2.83
6.42% Central Government(^) SOV 2.68
5.74% Central Government SOV 2.61
4.93% Central Government(^) SOV 1.13
8.20% Central Government SOV 0.37
7.89% Gujarat State Govt-Gujarat SOV 0.07
8.90% Tamil Nadu State Govt-Tamil Nadu SOV 0.03
6.46% Gujarat State Govt-Gujarat SOV 0.01
Government Dated Securities - Total 21.29
Public Sector Undertakings
State Bank Of India.(Basel III TIER II Bonds) CRISIL AAA 6.60
National Bank for Agriculture & Rural Development CRISIL AAA 4.82
National Bank for Agriculture & Rural Development ICRA AAA 4.23
Rural Electrification Corporation Ltd. CRISIL AAA 2.75
Rural Electrification Corporation Ltd. (^) CRISIL AAA 2.74
Bank Of Baroda(Basel III TIER II Bonds) FITCH IND AAA 2.26
Hindustan Petroleum Corporation Ltd. CRISIL AAA 2.16
Union Bank of India (Basel III TIER I Bonds) CARE AA 2.03
Indian Bank(Basel III TIER II Bonds) FITCH IND AA+ 1.73
Punjab National Bank(Basel III TIER II Bonds) CRISIL AA+ 1.55
Small Industries Development Bank Of India ICRA AAA 1.44
Canara Bank (Basel III TIER I Bonds) CRISIL AA+ 1.44
Canara Bank(Basel III TIER II Bonds) FITCH IND AAA 1.42
Power Finance Corporation Ltd. (^) CRISIL AAA 1.38
Bank Of Baroda (Basel III TIER I Bonds) CRISIL AA+ 0.89
Mangalore Refinery and Petrochemicals Ltd. FITCH AAA(IND) 0.70
Power Finance Corporation Ltd. CRISIL AAA 0.63
Bank Of Baroda(Basel III TIER I Bonds) CRISIL AA+ 0.30
Bank Of Baroda(Basel III TIER II Bonds) FITCH AAA(IND) 0.19
Public Sector Undertakings - Total 39.26
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL AAA 0.34
ICICI Bank Ltd.(Basel III TIER I Bonds) CRISIL AA+ 0.16
ICICI Bank Ltd.(Basel III TIER I Bonds) ICRA AA+ 0.15
Corporate Debt/Financial Institutions - Total 0.65
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 22/12/2022 SOV 3.86
182 Days Treasury Bill 15/12/2022 SOV 1.05
182 Days Treasury Bill 08/09/2022 SOV 0.71
182 Days Treasury Bill 03/11/2022 SOV 0.71
182 Days Treasury Bill 15/09/2022 SOV 0.24
Treasury Bills - Total 6.57
Public Sector Undertakings
Small Industries Development Bank Of India CARE A1+ 7.31
Bank Of Baroda FITCH A1+(IND) 1.74
Indian Bank CRISIL A1+ 1.40
Canara Bank CRISIL A1+ 1.39
National Bank for Agriculture & Rural Development CRISIL A1+ 0.70
Public Sector Undertakings - Total 12.54
Corporate Debt/Financial Institutions
HDFC Bank Ltd. CARE A1+ 8.74
AXIS Bank Ltd. CRISIL A1+ 7.20
Deutsche Bank CRISIL A1+ 1.40
Corporate Debt/Financial Institutions - Total 17.34
Triparty Repo 0.44
Net Current Assets/(Liabilities) 1.91
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) 28,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on July 29, 2022 ( Rs) 71,75,110 17,55,114 10,70,055 7,04,016 3,86,351 1,21,474
Scheme Returns (%) 7.13 7.39 6.82 6.35 4.67 2.32
CRISIL Banking and PSU Debt Index Returns (%) NA 7.41 6.65 6.06 4.29 1.36
Alpha NA -0.02 0.17 0.29 0.38 0.96
CRISIL Banking and PSU Debt Index ( Rs)# NA 17,57,036 10,63,651 6,98,974 3,84,175 1,20,867
CRISIL 10 Year Gilt Index ( Rs)^ NA 16,03,218 9,91,343 6,63,839 3,66,588 1,19,103
CRISIL 10 Year Gilt Index (%) NA 5.66 4.67 4.01 1.19 -1.40

Scheme Inception : - December 29, 1998. 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 Option Rs52.9169
Direct Growth Option Rs54.4825
Monthly-Reg-Plan-IDCWRs10.4500
Monthly-Dir-Plan-IDCWRs10.2879

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. Vihag Mishra*
(Dedicated fund manager for investments in foreign securities)
BenchmarkCRISIL Banking and PSU Debt Index
Allotment dateDecember 29,1998
AAUMRs7,000.50 crs
AUMRs6,958.63 crs
Folio count20,187

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity4.41 yrs
IRS Average Maturity*0.24 yrs
Net Average Maturity4.66 yrs
Portfolio Modified Duration1.74 yrs
IRS Modified Duration*0.23 yrs
Net Modified Duration1.97 yrs
Portfolio Macaulay Duration1.86 yrs
IRS Macaulay Duration*0.24 yrs
Net Macaulay Duration2.10 yrs
YTM6.80%
$Standard Deviation1.24%
*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:Payout of IDCW, Reinvestment of IDCW & Growth Rs5000 & above.
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 2-3 years


Load Structure

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


Total Expense Ratio**

Regular: 0.79%; Direct: 0.36%


Data as on July 31, 2022

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short to medium term investment horizon.
  • Investment in debt & money market securities of PSUs , Banks , Public Finanacial Institutions, government securities, and Municipal 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 Jul 2022 is 20.36% 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'