| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved

The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved


Issuer/Instrument Industry/
Rating		 % to Net
Assets

Reverse Repo 4.19
Debt Instruments
Debentures and Bonds
Government Dated Securities
8.51% Central Government SOV 11.78
7.69% Central Government SOV 1.66
8.5% Punjab State Govt-Punjab SOV 0.62
GS CG 02/01/2025 - (STRIPS) SOV 0.49
GS CG 22 Feb 2024 - (STRIPS) SOV 0.39
GS CG 22 Feb 2025 - (STRIPS) SOV 0.37
8.39% Rajasthan State Govt-Rajasthan SOV 0.05
Government Dated Securities - Total 15.36
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 8.14
Rural Electrification Corporation Ltd. CRISIL AAA 3.75
Rural Electrification Corporation Ltd. CRISIL AAA 3.36
ONGC Petro Additions Ltd.(^) ICRA AAA(CE) 3.02
Canara Bank (Basel III TIER II Bonds)(^) FITCH IND AAA 3.02
National Bank for Agriculture & Rural Development(^) CRISIL AAA 2.96
Bank of Baroda (Basel III TIER II Bonds) FITCH AAA(IND) 1.76
Power Finance Corporation Ltd. CRISIL AAA 1.67
State Bank of India.(Basel III TIER II Bonds) CRISIL AAA 1.48
National Bank for Agriculture & Rural Development ( ) CRISIL AAA 0.98
Indian Bank (Basel III TIER II Bonds) FITCH IND AA+ 0.32
State Bank of India.(Basel III TIER I Bonds) CRISIL AA+ 0.04
Public Sector Undertakings - Total 30.50
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL AAA 10.16
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) CRISIL AAA 4.45
BHARTI TELECOM LTD.(^) CRISIL AA+ 3.00
PTC First Business Receivables Trust (Series 22) 01/07/2025(First Business Receivables Trust) CRISIL AAA(SO) 2.09
PTC First Business Receivables Trust (Series 21) 01/04/2025(First Business Receivables Trust) CRISIL AAA(SO) 2.08
HDB Financial Services Ltd. CRISIL AAA 2.04
MUTHOOT FINANCE LTD. ( ) (^) CRISIL AA+ 2.01
EMBASSY OFFICE PARKS REIT ( ) (^) CRISIL AAA 2.00
Tata Capital Housing Finance Ltd. CRISIL AAA 1.99
BHARTI TELECOM LTD. ( ) CRISIL AA+ 1.74
LIC Housing Finance Ltd. CRISIL AAA 1.40
AXIS BANK LTD. CRISIL AAA 0.56
Kotak Mahindra Prime Ltd. ( ) CRISIL AAA 0.50
AXIS Finance Ltd. ( ) CRISIL AAA 0.50
Bajaj Housing Finance Ltd. ( ) CRISIL AAA 0.49
ICICI BANK LTD.(Basel III TIER I Bonds) CRISIL AA+ 0.21
Corporate Debt/Financial Institutions - Total 35.22
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
State Bank of India FITCH A1+(IND) 1.93
National Bank for Agriculture & Rural Development(^) CRISIL A1+ 1.93
Union Bank of India ICRA A1+ 0.97
Small Industries Development Bank Of India CARE A1+ 0.50
Public Sector Undertakings - Total 5.33
Corporate Debt/Financial Institutions
ICICI Bank Ltd.(^) CRISIL A1+ 4.78
Standard Chartered Capital Ltd. CRISIL A1+ 1.01
Corporate Debt/Financial Institutions - Total 5.79
Net Current Assets/(Liabilities) 3.61
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 3 years 1 year
Total amount invested (₹) 4,90,000 3,60,000 1,20,000
Total Value as on May 31, 2023 (₹) 5,50,675 3,88,912 1,24,415
Scheme Returns (%) 5.67 5.09 6.93
Nifty Short Duration Debt Index Returns (%) 5.72 5.22 7.51
Alpha -0.05 -0.13 -0.58
Nifty Short Duration Debt Index (₹)# 5,51,265 3,89,671 1,24,783
CRISIL 10 Year Gilt Index (₹)^ 5,38,506 3,85,222 1,27,225
CRISIL 10 Year Gilt Index (%) 4.58 4.46 11.41

Scheme Inception : - May 14, 2019. 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 OptionRs1283.0112
Direct Growth OptionRs1302.3462
Reg-Plan-IDCWRs1141.8677
Dir-Plan-IDCW Rs1134.5423

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Growth, Payout of IDCW and Reinvestment of IDCW.

IDCW Frequency

At discretion of trustees


Fund Manager* Mr. Deepak Agrawal, Mr. Manu Sharma & Mr. Vihag Mishra
(Dedicated fund manager for investments in foreign securities)
Benchmark Nifty Short Duration Debt Index
Allotment dateMay 14, 2019
AAUMRs4,887.13 crs
AUMRs4,903.75 crs
Folio count5,885

Ratios
Portfolio Average Maturity2.95 yrs
IRS Average Maturity*-0.02 yrs
Net Average Maturity2.93 yrs
Portfolio Modified Duration0.99 yrs
IRS Modified Duration*-0.01 yrs
Net Modified Duration0.98 yrs
Portfolio Macaulay Duration1.05 yrs
IRS Macaulay Duration*-0.01 yrs
Net Macaulay Duration1.04 yrs
Annualised YTM*7.71%
$Standard Deviation0.77%

*Interest Rate Swap
*in case of semi annual YTM, it will be annualized.
Source: $KMIS & ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Purchase: Rs5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches Additional Purchase: Rs1000 & in multiples of Rs1 for purchase and for Rs0.01 for switches.
Ideal Investment Horizon: 2 year & above


Load Structure

Entry Load: Nil.(Applicable for All Plans)
Exit Load: Nil. (Applicable for All Plans)


Total Expense Ratio**

Regular: 0.62%; Direct: 0.22%


Data as on May 31, 2023

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in floating & fixed rate debt instruments swapped for floating rate returns and money market instruments

* 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 23.45% 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'