| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk

  

  
Investment Objective
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate 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. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate 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. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
LIC Housing Finance Ltd. CRISIL AAA 0.62
Bajaj Finance Ltd. CRISIL AAA 0.57
HDB Financial Services Ltd. CRISIL AAA 0.45
Kotak Mahindra Prime Ltd. CRISIL AAA 0.41
HDFC Ltd. CRISIL AAA 0.22
Corporate Debt/Financial Institutions - Total 2.27
Public Sector Undertakings
Rural Electrification Corporation Ltd. CRISIL AAA 1.73
Power Finance Corporation Ltd. CRISIL AAA 0.82
National Bank for Agriculture & Rural Development CRISIL AAA 0.28
Small Industries Development Bank Of India CARE AAA 0.22
Public Sector Undertakings - Total 3.05
Government Dated Securities
8.08% Central Government SOV 1.04
8.92% Punjab State Govt-Punjab SOV 0.21
Government Dated Securities - Total 1.25
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Reliance Jio Infocomm Ltd. CRISIL A1+ 5.60
Bharti Airtel Ltd. CRISIL A1+ 4.14
HDFC Ltd. CRISIL A1+ 3.97
AXIS Bank Ltd. CRISIL A1+ 3.30
Reliance Retail Ventures Ltd CRISIL A1+ 3.01
Tata Steel Ltd. ICRA A1+ 2.07
Sikka Ports & Terminals Ltd. CRISIL A1+ 1.91
Aditya Birla Finance Ltd. ICRA A1+ 1.51
Cholamandalam Investment and Finance Company Ltd. CRISIL A1+ 1.38
HDFC Securities Limited CRISIL A1+ 1.10
IDFC First Bank Limited CRISIL A1+ 1.10
Bajaj Housing Finance Ltd. CRISIL A1+ 1.04
HDFC Bank Ltd. CARE A1+ 0.77
Birla Group Holding Private Limited CRISIL A1+ 0.75
ICICI Securities Limited CRISIL A1+ 0.68
TVS Credit Services limited CRISIL A1+ 0.68
Julius Baer Capital (India) Pvt. Ltd CRISIL A1+ 0.63
Coromandel International Limited FITCH A1+(IND) 0.55
Dalmia Cement (Bharat) Ltd CRISIL A1+ 0.55
Larsen and Toubro Ltd. CRISIL A1+ 0.55
Tata Power Renewable Energy Ltd. CRISIL A1+ 0.55
Motilal Oswal Financial Services Limited ICRA A1+ 0.54
Panatone Finvest Ltd. CRISIL A1+ 0.34
Tata Cleantech Capital Limited CRISIL A1+ 0.34
Bajaj Finance Ltd. CRISIL A1+ 0.28
Sharekhan Limited ICRA A1+ 0.28
Tata Capital Housing Finance Ltd. CRISIL A1+ 0.28
Pilani Investment and Industries Corporation Ltd CRISIL A1+ 0.27
Tata Capital Financial Services Limited CRISIL A1+ 0.27
Godrej Industries Ltd CRISIL A1+ 0.21
Aditya Birla Money Ltd CRISIL A1+ 0.14
Chambal Fertilisers & Chemicals Ltd. CRISIL A1+ 0.14
Corporate Debt/Financial Institutions - Total 38.93
Public Sector Undertakings
Indian Bank CRISIL A1+ 8.98
Punjab National Bank CARE A1+ 5.49
National Bank for Agriculture & Rural Development CRISIL A1+ 4.54
Indian Oil Corporation Ltd. ICRA A1+ 3.58
National Thermal Power Corporation Ltd. ICRA A1+ 2.66
Canara Bank CRISIL A1+ 1.23
Hindustan Petroleum Corporation Ltd. CRISIL A1+ 0.76
BOB Financial Solutions Limited CRISIL A1+ 0.28
Public Sector Undertakings - Total 27.52
Treasury Bills
91 Days Treasury Bill 08/09/2022 SOV 8.54
91 Days Treasury Bill 22/09/2022 SOV 4.28
91 Days Treasury Bill 21/07/2022 SOV 3.45
91 Days Treasury Bill 04/08/2022 SOV 1.75
91 Days Treasury Bill 01/09/2022 SOV 1.41
91 Days Treasury Bill 15/09/2022 SOV 1.37
91 Days Treasury Bill 18/08/2022 SOV 1.10
182 Days Treasury Bill 04/08/2022 SOV 0.55
182 Days Treasury Bill 08/09/2022 SOV 0.47
182 Days Treasury Bill 18/08/2022 SOV 0.27
182 Days Treasury Bill 22/09/2022 SOV 0.27
Treasury Bills - Total 23.46
Triparty Repo 5.92
Net Current Assets/(Liabilities) -2.40
Grand Total 100.00



NAV
Growth OptionRs4,320.5696
Direct Growth OptionRs4,346.2158
Daily-Reg-Plan-IDCW Rs1,222.8100
Daily-Dir-Plan-IDCW Rs1,222.8100

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 Liquid Index B-I (Tier 1), Nifty Liquid Index (Tier 2)
Allotment dateNovember 4, 2003
AAUMRs37,419.06 crs
AUMRs33,834.11 crs
Folio count52,200

IDCW Frequency

Daily


Ratios
Portfolio Average Maturity0.12 yrs
IRS Average Maturity*-
Net Average Maturity0.12 yrs
Portfolio Modified Duration0.12 yrs
IRS Modified Duration*-
Net Modified Duration0.12 yrs
Portfolio Macaulay Duration0.12 yrs
IRS Macaulay Duration*-
Net Macaulay Duration0.12 yrs
YTM5.08%
$Standard Deviation0.14%

*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:Rs500 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Investment: Rs500 & in multiples of Rs1 or purchases and of Rs0.01 for switches
Ideal Investment Horizon: 7 days to month


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

1. Exit load shall applicable be as per the graded basis as specified below:

Investor exit upon subscriptionExit load as a % of redemption proceeds
Day 1 0.0070%
Day 2 0.0065%
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045%
Day 7 onwards 0.0000%

Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCW shall not be subject to entry and exit load.
2. The revised exit load shall be effective for all fresh investments
3. The revised load structure will be applicable for Insta Redemption facility as per the applicable circular.
4. Applicability of revised exit load on redemption /switch-out of units would be done on First in First out Basis ('FIFO').


Total Expense Ratio**

Regular: 0.32%; Direct: 0.20%


Data as on June 30, 2022

Fund


Benchmark


Benchmark


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

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.



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