| 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.
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.
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 | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 8.31% Karnataka State Govt-Karnataka | SOV | 0.78 |
| 8.39% Rajasthan State Govt-Rajasthan | SOV | 0.45 |
| 8.44% Uttar Pradesh State Govt-Uttar Pradesh | SOV | 0.45 |
| GS CG 16 Dec 2022 - (STRIPS) | SOV | 0.35 |
| GS CG 22 Feb 2023 - (STRIPS) | SOV | 0.17 |
| 8.37% Odisha State Govt-Orissa | SOV | 0.13 |
| Government Dated Securities - Total | 2.33 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd. | CRISIL AAA | 3.38 |
| Rural Electrification Corporation Ltd.(^) | CRISIL AAA | 2.66 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 1.42 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 0.66 |
| Small Industries Development Bank Of India | CARE AAA | 0.13 |
| Public Sector Undertakings - Total | 8.25 | |
| Corporate Debt/Financial Institutions | ||
| Bajaj Finance Ltd. | CRISIL AAA | 3.12 |
| Muthoot Finance Ltd. | CRISIL AA+ | 2.54 |
| Shriram Transport Finance Co Ltd. | FITCH IND AA+ | 2.22 |
| LIC Housing Finance Ltd. | CRISIL AAA | 2.00 |
| Shriram City Union Finance Ltd. | CRISIL AA | 1.92 |
| Bharti Telecom Ltd. | CRISIL AA+ | 1.31 |
| Cholamandalam Investment and Finance Company Ltd.(^) | ICRA AA+ | 1.19 |
| HDFC Ltd.(^) | CRISIL AAA | 1.11 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 1.06 |
| Reliance Industries Ltd. | CRISIL AAA | 0.89 |
| Aditya Birla Finance Ltd. | ICRA AAA | 0.89 |
| Cholamandalam Investment and Finance Company Ltd. | FITCH AA+(IND) | 0.88 |
| Sundaram Finance Ltd. | CRISIL AAA | 0.44 |
| HDB Financial Services Ltd. | CRISIL AAA | 0.44 |
| Kotak Mahindra Prime Ltd. | CRISIL AAA | 0.22 |
| Corporate Debt/Financial Institutions - Total | 20.23 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 Days Treasury Bill 22/12/2022 | SOV | 4.31 |
| 182 Days Treasury Bill 01/12/2022(^) | SOV | 3.67 |
| 182 Days Treasury Bill 08/12/2022 | SOV | 2.59 |
| 182 Days Treasury Bill 15/12/2022 | SOV | 2.16 |
| 364 Days Treasury Bill 05/01/2023 | SOV | 1.98 |
| 182 Days Treasury Bill 08/09/2022 | SOV | 1.75 |
| 182 Days Treasury Bill 29/12/2022 | SOV | 0.86 |
| Treasury Bills - Total | 17.32 | |
| Public Sector Undertakings | ||
| National Bank for Agriculture & Rural Development | CRISIL A1+ | 5.53 |
| Small Industries Development Bank Of India | CARE A1+ | 3.64 |
| Canara Bank | CRISIL A1+ | 1.74 |
| Small Industries Development Bank Of India | CRISIL A1+ | 1.49 |
| Public Sector Undertakings - Total | 12.40 | |
| Corporate Debt/Financial Institutions | ||
| AXIS Bank Ltd. | CRISIL A1+ | 11.72 |
| HDFC Bank Ltd. | CARE A1+ | 8.66 |
| HDFC Ltd. | CRISIL A1+ | 4.34 |
| LIC Housing Finance Ltd. | CRISIL A1+ | 3.26 |
| Panatone Finvest Ltd. | CRISIL A1+ | 3.01 |
| HDFC Bank Ltd. | CRISIL A1+ | 1.74 |
| Vedanta Ltd. | CRISIL A1+ | 1.69 |
| Deutsche Bank | CRISIL A1+ | 1.29 |
| Reliance Retail Ventures Ltd | CRISIL A1+ | 0.88 |
| Hero FinCorp Ltd. | CRISIL A1+ | 0.88 |
| Crompton Greaves Consumer Electricals Limited | CRISIL A1+ | 0.68 |
| IndusInd Bank Ltd. | CRISIL A1+ | 0.44 |
| HDFC Securities Limited | CRISIL A1+ | 0.44 |
| Corporate Debt/Financial Institutions - Total | 39.03 | |
| Triparty Repo | 0.13 | |
| Net Current Assets/(Liabilities) | 0.31 | |
| Grand Total | 100.00 | |
| | ||
| Monthly SIP of (₹)10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested ( Rs) | 21,50,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 30, 2022 ( Rs) | 42,77,563 | 16,63,584 | 10,24,960 | 6,80,933 | 3,82,150 | 1,22,145 |
| Scheme Returns (%) | 7.18 | 6.36 | 5.61 | 5.01 | 3.93 | 3.36 |
| Nifty Ultra Short Duration Debt Index B-I Returns (%) | 7.62 | 6.72 | 6.01 | 5.48 | 4.51 | 4.03 |
| Alpha | -0.44 | -0.36 | -0.41 | -0.47 | -0.58 | -0.67 |
| Nifty Ultra Short Duration Debt Index B-I ( Rs)# | 44,71,287 | 16,95,164 | 10,39,990 | 6,88,955 | 3,85,497 | 1,22,572 |
| Nifty Ultra Short Duration Debt Index Returns (%) | 7.54 | 6.61 | 5.91 | 5.37 | 4.40 | 4.11 |
| Alpha | -0.35 | -0.25 | -0.31 | -0.36 | -0.48 | -0.75 |
| Nifty Ultra Short Duration Debt Index ( Rs)# | 44,32,565 | 16,85,047 | 10,36,170 | 6,87,130 | 3,84,898 | 1,22,621 |
| CRISIL 1 Year T-Bill Index ( Rs)^ | 38,39,985 | 16,24,049 | 10,14,422 | 6,77,678 | 3,80,663 | 1,21,564 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.11 | 5.90 | 5.32 | 4.82 | 3.67 | 2.44 |
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. # Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return.
Alpha is difference of scheme return with benchmark return.
NAV
| Growth Option | Rs35.1454 |
| Direct Growth Option | Rs36.3313 |
| Monthly-Reg-Plan-IDCW | Rs10.7367 |
| Monthly-Dir-Plan-IDCW | Rs15.9750 |
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 Ultra Short Duration Debt Index B-I (Tier 1) Nifty Ultra Short Duration Debt Index (Tier 2) |
| Allotment date | August 13, 2004 |
| AAUM | Rs13,237.43 crs |
| AUM | Rs 9,999.97 crs |
| Folio count | 43,638 |
IDCW Frequency
Monthly (12th of every Month)
Ratios
| Portfolio Average Maturity | 0.48 yrs |
| IRS Average Maturity* | 0.01 yrs |
| Net Average Maturity | 0.50 yrs |
| Portfolio Modified Duration | 0.40 yrs |
| IRS Modified Duration* | 0.01 yrs |
| Net Modified Duration | 0.42 yrs |
| Portfolio Macaulay Duration | 0.41 yrs |
| IRS Macaulay Duration* | 0.01 yrs |
| Net Macaulay Duration | 0.42 yrs |
| YTM | 6.02% |
| $Standard Deviation | 0.31% |
*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 (Weekly) - Rs1,00,00,000 &
above
Additional Investment: Rs1000 & in multiples
of Rs1
Ideal Investment Horizon: 3-6 months
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load:
Nil. (applicable for all plans)
Total Expense Ratio**
Regular: 0.80%; Direct: 0.36%
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 with portfolio Macaulay duration between 3 months & 6 months
* 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 6.62% 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'
**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'