| KOTAK BOND SHORT TERM FUND
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
A relatively high interest rate risk and moderate credit risk.
| KOTAK BOND SHORT TERM FUND
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. There is no assurance that the investment objective of the Scheme will be realised.
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. There is no assurance that the investment objective of the Scheme will be realised.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Government Dated Securities
5.53% Central Government(^) SOV 6.27
5.74% Central Government SOV 5.59
6.42% Central Government(^) SOV 4.10
4.93% Central Government(^) SOV 3.07
8.05% Karnataka State Govt-Karnataka SOV 2.33
4.41% Central Government(^) SOV 2.25
8.27% Tamil Nadu State Govt-Tamil Nadu SOV 0.79
7.59% Central Government SOV 0.66
8.25% Maharashtra State Govt-Maharashtra SOV 0.59
8.08% Haryana State Govt-Haryana SOV 0.54
6.90% Central Government SOV 0.41
6.69% Madhya Pradesh State Govt-Madhya Pradesh SOV 0.38
6.97% Karnataka State Govt-Karnataka SOV 0.19
8.27% Rajasthan State Govt-Rajasthan SOV 0.15
GS CG 22 Aug 2025 - (STRIPS) SOV 0.12
GS CG 22 Aug 2026 - (STRIPS) SOV 0.12
GS CG 22 Feb 2029 - (STRIPS) SOV 0.10
1.44% Central Government SOV 0.10
GS CG 22 Feb 2028 - (STRIPS) SOV 0.10
8.45% Bihar State Govt-Bihar SOV 0.08
5.28% Bihar State Govt-Bihar SOV 0.01
6.53% Tamil Nadu State Govt-Tamil Nadu SOV 0.01
Government Dated Securities - Total 27.96
Public Sector Undertakings
Rural Electrification Corporation Ltd. (^) CRISIL AAA 1.87
National Bank for Agriculture & Rural Development ICRA AAA 1.67
State Bank Of India.(Basel III TIER II Bonds) CRISIL AAA 1.63
Power Finance Corporation Ltd. (^) CRISIL AAA 1.11
Bank Of Baroda(Basel III TIER II Bonds) FITCH IND AAA 0.77
Small Industries Development Bank Of India ICRA AAA 0.76
Canara Bank(Basel III TIER II Bonds) FITCH IND AAA 0.75
Export-Import Bank of India CRISIL AAA 0.74
National Bank for Agriculture & Rural Development CRISIL AAA 0.73
ONGC Petro Additions Ltd. ICRA AAA(CE) 0.21
Power Finance Corporation Ltd. CRISIL AAA 0.07
National Thermal Power Corporation Ltd. CRISIL AAA 0.04
Rural Electrification Corporation Ltd. CRISIL AAA 0.01
Public Sector Undertakings - Total 10.36
Corporate Debt/Financial Institutions
Bajaj Finance Ltd. CRISIL AAA 7.28
HDFC Ltd.(^) CRISIL AAA 4.79
LIC Housing Finance Ltd. CRISIL AAA 4.01
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 2.91
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 2.22
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) ICRA AAA(CE) 1.88
Mahindra & Mahindra Financial Services Ltd. (^) FITCH AAA(IND) 1.52
Kotak Mahindra Prime Ltd. CRISIL AAA 1.50
First Business Receivables Trust ( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 1.26
Grasim Industries Ltd. CRISIL AAA 1.21
Kotak Mahindra Prime Ltd. CRISIL AAA 1.02
AXIS Finance Ltd. CRISIL AAA 0.90
Hindustan Zinc Ltd. CRISIL AAA 0.90
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 0.82
Aditya Birla Housing Finance(^) ICRA AAA 0.76
HDB Financial Services Ltd.(^) CRISIL AAA 0.76
LIC Housing Finance Ltd. CRISIL AAA 0.76
India Grid Trust CRISIL AAA 0.74
HDB Financial Services Ltd. CRISIL AAA 0.74
Bajaj Housing Finance Ltd. CRISIL AAA 0.74
Tata Capital Financial Services Limited(^) ICRA AAA 0.57
John Deere Financial India Private Limited CRISIL AAA 0.55
HDB Financial Services Ltd. CARE AAA 0.37
Tata Capital Financial Services Limited ICRA AAA 0.37
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group) CRISIL AAA 0.19
ICICI Home Finance Company Limited CRISIL AAA 0.19
Corporate Debt/Financial Institutions - Total 38.96
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 22/12/2022 SOV 5.76
182 Days Treasury Bill 15/09/2022 SOV 2.86
182 Days Treasury Bill 15/12/2022 SOV 2.53
182 Days Treasury Bill 01/12/2022 SOV 0.75
182 Days Treasury Bill 03/11/2022 SOV 0.37
91 Days Treasury Bill 18/08/2022 SOV 0.15
Treasury Bills - Total 12.42
Public Sector Undertakings
Bank Of Baroda FITCH A1+(IND) 0.74
Public Sector Undertakings - Total 0.74
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 4.81
Panatone Finvest Ltd. CRISIL A1+ 1.47
HDFC Bank Ltd. CARE A1+ 0.75
ICICI Securities Limited CRISIL A1+ 0.38
Standard Chartered Capital Ltd. CRISIL A1+ 0.19
Corporate Debt/Financial Institutions - Total 7.60
Triparty Repo 0.08
Net Current Assets/(Liabilities) 1.88
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) 24,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on July 29, 2022 ( Rs) 54,87,136 16,99,041 10,44,774 6,92,354 3,83,103 1,21,095
Scheme Returns (%) 7.43 6.77 6.15 5.68 4.10 1.72
Nifty Short Duration Index BII Returns (%) 7.74 7.22 6.66 6.29 5.19 3.15
Alpha -0.32 -0.45 -0.51 -0.61 -1.09 -1.42
Nifty Short Duration Index BII ( Rs)# 56,94,249 17,39,342 10,63,972 7,03,011 3,89,399 1,21,996
Nifty Short Duration Index Returns (%) 7.69 7.18 6.60 6.18 4.83 2.60
Alpha -0.26 -0.41 -0.45 -0.49 -0.72 -0.87
Nifty Short Duration Index ( Rs)# 56,58,075 17,35,716 10,61,540 7,00,965 3,87,270 1,21,649
CRISIL 10 Year Gilt Index ( Rs)^ 46,36,918 16,03,218 9,91,343 6,63,839 3,66,588 1,19,103
CRISIL 10 Year Gilt Index (%) 5.97 5.66 4.67 4.01 1.19 -1.40

Scheme Inception : - May 02,2002. 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 OptionRs42.6003
Direct Growth OptionRs45.8352
Reg-Plan-IDCW Rs10.0874
Dir-Plan-IDCWRs12.9692

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)
Benchmark***Nifty Short Duration Debt Index B-II (Tier 1)
Nifty Short Duration Debt Index (Tier 2)
Allotment dateMay 2, 2002
AAUMRs13,150.05 crs
AUMRs 13,157.52 crs
Folio count26,874

IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity2.92 yrs
IRS Average Maturity*0.39 yrs
Net Average Maturity3.32 yrs
Portfolio Modified Duration1.21 yrs
IRS Modified Duration*0.36 yrs
Net Modified Duration1.58 yrs
Portfolio Macaulay Duration1.28 yrs
IRS Macaulay Duration*0.37 yrs
Net Macaulay Duration1.65 yrs
YTM6.87%
$Standard Deviation1.29%
*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:(i) Reinvestment of IDCW & Growth - Rs5000 & above (ii) Payout of IDCW (Monthly IDCW) - Rs50,000 & above
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 1 years & above


Load Structure

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


Total Expense Ratio**

Regular: 1.16%; Direct: 0.34%


Data as on July 31, 2022

Fund


Benchmark


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a medium term investment horizon
  • Investment in debt & money market securities with portfolio Macaulay duration between 1 year & 3 years

* 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 24.15% of the net assets.
***As per SEBI circular no. SEBI/HO/IMD/IMD-11 DF3/P/CIR/2021 /652 dated October 27, 2021; AMFI letter no. 35P/MEM-COR/70/2021-22 dated November 25, 2021 and AMFI letter no. 35P/ MEM-COR/ 131 / 2021-22 dated March 31, 2022 with effect from April 01, 2022 ("Effective date"), the first tier benchmark index of the scheme. Existing benchmark will be Second Tier benchmark for aforementioned scheme.
**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'