| 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
8.51% Central Government(^) SOV 10.48
7.38% Central Government SOV 3.80
7.69% Central Government(^) SOV 2.96
7.06% Central Government SOV 1.57
8.20% Central Government SOV 0.16
6.46% Gujarat State Govt-Gujarat SOV 0.01
Government Dated Securities - Total 18.98
Public Sector Undertakings
National Bank for Agriculture & Rural Development CRISIL AAA 11.16
Power Finance Corporation Ltd. (^) CRISIL AAA 10.89
Rural Electrification Corporation Ltd. CRISIL AAA 9.10
DME Development Limited CRISIL AAA 4.99
Small Industries Development Bank Of India CRISIL AAA 3.40
Small Industries Development Bank Of India ICRA AAA 3.11
BANK OF BARODA(Basel III TIER II Bonds) FITCH IND AAA 2.42
Union Bank of India ( ) (Basel III TIER I Bonds) CARE AA 2.25
State Bank of India.(Basel III TIER II Bonds) CRISIL AAA 2.17
Indian Bank (Basel III TIER II Bonds) FITCH IND AA+ 1.86
Punjab National Bank (Basel III TIER II Bonds) CRISIL AA+ 1.70
Canara Bank (Basel III TIER I Bonds) CRISIL AA+ 1.57
Canara Bank (Basel III TIER II Bonds) FITCH IND AAA 1.54
Nuclear Power Corporation Of India Ltd. ICRA AAA 1.18
Rural Electrification Corporation Ltd. CRISIL AAA 1.05
Bank of Baroda (Basel III TIER I Bonds) CRISIL AA+ 0.95
Power Grid Corporation of India Ltd. CRISIL AAA 0.79
Mangalore Refinery and Petrochemicals Ltd. FITCH AAA(IND) 0.76
National Bank for Agriculture & Rural Development ICRA AAA 0.38
Bank of Baroda (Basel III TIER I Bonds) CRISIL AA+ 0.31
Power Finance Corporation Ltd. CRISIL AAA 0.20
Bank of Baroda (Basel III TIER II Bonds) FITCH AAA(IND) 0.20
Public Sector Undertakings - Total 61.98
Corporate Debt/Financial Institutions
HDFC Ltd.(^) CRISIL AAA 6.19
HDFC Ltd. ( ) (^) CRISIL AAA 2.79
Axis Bank Ltd. CRISIL AAA 1.95
ICICI Bank Ltd.(Basel III TIER I Bonds) CRISIL AA+ 0.17
Corporate Debt/Financial Institutions - Total 11.10
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
Export-Import Bank of India CRISIL AAA 2.21
State Bank of India FITCH A1+(IND) 1.48
Canara Bank CRISIL A1+ 0.38
Bank of Baroda FITCH IND A1+ 0.38
Public Sector Undertakings - Total 4.45
Triparty Repo 0.85
Net Current Assets/(Liabilities) 2.64
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 (₹) 29,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on May 31, 2023 (₹) 76,99,978 17,40,208 10,66,358 7,03,818 3,89,526 1,24,816
Scheme Returns (%) 7.13 7.22 6.72 6.33 5.20 7.56
CRISIL Banking and PSU Debt Index Returns (%) NA 7.25 6.58 6.14 5.05 7.86
Alpha NA -0.03 0.14 0.18 0.15 -0.30
CRISIL Banking and PSU Debt Index (₹)# NA 17,42,761 10,61,172 7,00,574 3,88,646 1,25,003
CRISIL 10 Year Gilt Index (₹)^ NA 16,44,142 10,18,678 6,85,930 3,85,222 1,27,225
CRISIL 10 Year Gilt Index (%) NA 6.14 5.43 5.30 4.46 11.41

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. The SIP Performance is for Regular Plan – Growth Option Different plans have different expense structure. # Benchmark ; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return.

NAV
Growth Option Rs56.0112
Direct Growth Option Rs57.8777
Monthly-Reg-Plan-IDCWRs10.5232
Monthly-Dir-Plan-IDCWRs10.2928

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. Abhishek Bisen & Mr. Vihag Mishra
(Dedicated fund manager for investments in foreign securities)
BenchmarkCRISIL Banking and PSU Debt Index
Allotment dateDecember 29,1998
AAUMRs6,389.95 crs
AUMRs6,410.46 crs
Folio count19,251

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity10.02 yrs
IRS Average Maturity*0.19 yrs
Net Average Maturity10.21 yrs
Portfolio Modified Duration2.99 yrs
IRS Modified Duration*0.16 yrs
Net Modified Duration3.15 yrs
Portfolio Macaulay Duration3.20 yrs
IRS Macaulay Duration*0.17 yrs
Net Macaulay Duration3.37 yrs
Annualised YTM*7.73%
$Standard Deviation1.00%
*Interest Rate Swap
*in case of semi annual YTM, it will be annualized.
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: 0.81%; Direct: 0.37%


Data as on May 31, 2023

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 advisors if in doubt about whether the product is suitable for them.

The above risk-o—meter is based on the scheme portfolio as on 31st May, 2023. An addendum may be issued or updated on the website for new riskometer.


(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2023 is 11.72% 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'