| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.

  

  
Investment Objective
The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. 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 regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved.


Issuer/Instrument Industry/
Rating		 % to Net
Assets

Mutual Fund Units
Mutual Fund Units - Total 4.82
Embassy Office Parks REIT Realty 2.94
Brookfield India Real Estate Trust Realty 1.55
Mindspace Business Parks REIT Realty 0.33
Debt Instruments
Debentures and Bonds
Government Dated Securities
5.53% Central Government(^) SOV 11.56
6.42% Central Government(^) SOV 5.16
8.14% Tamil Nadu State Govt-Tamil Nadu SOV 2.67
6.54% Central Government SOV 2.45
4.93% Central Government(^) SOV 1.27
1.44% Central Government SOV 1.05
6.53% Tamil Nadu State Govt-Tamil Nadu SOV 0.14
6.67% Central Government SOV 0.04
Government Dated Securities - Total 24.34
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 5.78
Punjab National Bank(Basel III TIER I Bonds) CARE AA 3.64
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 3.16
State Bank Of India.(Basel III TIER II Bonds) CRISIL AAA 2.50
Punjab National Bank(Basel III TIER II Bonds) CRISIL AA+ 1.27
ONGC Petro Additions Ltd. ICRA AAA(CE) 1.25
Rural Electrification Corporation Ltd. CRISIL AAA 0.58
Canara Bank (Basel III TIER I Bonds) CRISIL AA+ 0.53
National Bank for Agriculture & Rural Development ICRA AAA 0.18
Steel Authority of India Ltd. CARE AA 0.04
Public Sector Undertakings - Total 18.93
Corporate Debt/Financial Institutions
LIC Housing Finance Ltd. CRISIL AAA 10.18
EMBASSY OFFICE PARKS REIT CRISIL AAA 7.64
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 6.08
Bharti Telecom Ltd. CRISIL AA+ 5.05
Shriram Transport Finance Co Ltd. FITCH IND AA+ 4.54
Muthoot Finance Ltd. CRISIL AA+ 3.22
Prestige Projects Pvt. Ltd ICRA A+(CE) 2.71
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 2.66
Tata Projects Ltd. FITCH IND AA 2.51
India Grid Trust CRISIL AAA 2.51
Kotak Mahindra Prime Ltd. CRISIL AAA 1.03
Muthoot Finance Ltd. CRISIL AA+ 0.03
IOT Utkal Energy Services Ltd. CRISIL AAA 0.01
Corporate Debt/Financial Institutions - Total 48.17
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Vedanta Ltd. CRISIL A1+ 1.24
Corporate Debt/Financial Institutions - Total 1.24
Triparty Repo 1.01
Net Current Assets/(Liabilities) 1.49
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of Rs 10000 Since Inception 7 years 5 years 3 years 1 year
Total amount invested ( Rs) 10,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on June 30, 2022 ( Rs) 13,05,380 10,33,136 6,85,733 3,85,368 1,20,445
Scheme Returns (%) 6.27 5.83 5.29 4.49 0.69
Nifty Medium Duration Index C-III Returns (%) 7.73 7.44 7.24 6.50 2.36
Alpha -1.45 -1.61 -1.95 -2.02 -1.67
Nifty Medium Duration Index C-III ( Rs)# 13,89,414 10,94,260 7,19,993 3,97,149 1,21,512
Nifty Medium Duration Index Returns (%) 7.12 6.77 6.29 4.39 -0.91
Alpha -0.85 -0.95 -1.00 0.10 1.61
Nifty Medium Duration Index ( Rs)# 13,53,598 10,68,516 7,03,201 3,84,813 1,19,414
CRISIL 10 Year Gilt Index ( Rs)^ 12,40,010 9,82,401 6,56,782 3,62,592 1,17,070
CRISIL 10 Year Gilt Index Returns (%) 5.07 4.41 3.58 0.47 -4.53

Scheme Inception : -March 21, 2014. 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 Rs18.1824
Direct Growth OptionRs19.6243
Reg-Plan-IDCW Rs11.1601
Dir-Plan-IDCWRs19.6259

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 Medium Duration Debt Index C-III (Tier 1) Nifty Medium Duration Debt Index (Tier 2)
Allotment dateMarch 21, 2014
AAUMRs2,061.54 crs
AUMRs1,915.21 crs
Folio count11,513

IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity 5.13 yrs
IRS Average Maturity* 0.45 yrs
Net Average Maturity 5.58 yrs
Portfolio Modified Duration 2.27 yrs
IRS Modified Duration* 0.40 yrs
Net Modified Duration 2.67 yrs
Portfolio Macaulay Duration 2.41 yrs
IRS Macaulay Duration* 0.42 yrs
Net Macaulay Duration 2.83 yrs
YTM 7.70%
$Standard Deviation1.61%
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Purchase:Rs 5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Purchase: Rs1000 & in multiples of Rs1.for purchases and for Rs0.01 for switches.
Ideal Investment Horizon: 2.5 years & above


Load Structure

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


Total Expense Ratio**

Regular: 1.56%; Direct: 0.46%


Data as on June 30, 2022

Fund


Benchmark


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a medium term investment horizon
  • Investment in debt, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 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 30 Jun 2022 is 18.00% of the net assets.
**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 last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'