| 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 2.44
Embassy Office Parks REIT Construction 1.60
Brookfield India Real Estate Trust Construction 0.84
Debt Instruments
Debentures and Bonds
Government Dated Securities
4.62% Central Government SOV 5.29
4.59% Central Government(^) SOV 3.29
5.63% Central Government SOV 3.27
7.59% Central Government SOV 2.81
8.14% State Government-Gujarat SOV 2.67
6.67% Central Government SOV 2.44
8.08% State Government-Gujarat SOV 1.77
7.17% Central Government SOV 1.73
6.97% State Government-Maharashtra SOV 1.01
8.19% State Government-Karnataka SOV 0.89
7.15% State Government-Karnataka SOV 0.84
6.44% State Government-Gujarat SOV 0.66
1.44% Central Government SOV 0.62
6.53% State Government-Tamil Nadu SOV 0.41
Government Dated Securities - Total 27.70
Public Sector Undertakings
Power Finance Corporation Ltd.(^) CRISIL AAA 5.88
Punjab & Sind Bank(Basel III TIER I Bonds) ICRA A- 3.94
National Bank for Agriculture & Rural Development CRISIL AAA 3.02
Rural Electrification Corporation Ltd. CRISIL AAA 2.69
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 2.45
Punjab National Bank(Basel III TIER I Bonds) CARE AA 2.30
Indian Railway Finance Corporation Ltd. CRISIL AAA 1.79
National Highways Authority Of India CRISIL AAA 1.75
State Bank Of India.(Basel III TIER II Bonds) CRISIL AAA 1.64
Food Corporation of India CRISIL AAA(CE) 0.85
Punjab National Bank(Basel III TIER II Bonds) CRISIL AA+ 0.83
ONGC Petro Additions Ltd. ICRA AAA(CE) 0.82
National Highways Authority Of India CRISIL AAA 0.72
Canara Bank (Basel III TIER I Bonds) CRISIL AA+ 0.33
National Bank for Agriculture & Rural Development ICRA AAA 0.12
Steel Authority of India Ltd. CARE AA- 0.02
Public Sector Undertakings - Total 29.15
Corporate Debt/Financial Institutions
Embassy Office Parks Reit CRISIL AAA 4.92
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 4.00
Bharti Telecom Ltd. CRISIL AA+ 3.28
HDFC Bank Ltd.(^) CRISIL AAA 3.24
Shriram Transport Finance Co Ltd. FITCH IND AA+ 2.79
Muthoot Finance Ltd. CRISIL AA+ 2.05
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 1.76
Nuvoco Vistas Corporation Ltd. CRISIL AA 1.67
India Grid Trust (^) CRISIL AAA 1.63
Oberoi Realty Limited CARE AA+ 0.84
Kotak Mahindra Prime Ltd. CRISIL AAA 0.66
Zuvan Energy Pvt. Ltd. # CARE AA(CE) 0.14
The Indian Hotels Company Ltd. CARE AA 0.10
Muthoot Finance Ltd. CRISIL AA+ 0.02
Corporate Debt/Financial Institutions - Total 27.10
Treasury Bills
91 Days Treasury Bill 02/02/2022 SOV 4.43
182 Days Treasury Bill 23/12/2021 SOV 3.27
Treasury Bills - Total 7.70
Triparty Repo 4.89
Net Current Assets/(Liabilities) 1.02
Grand Total 100.00

# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 9,30,000 NA 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Nov 30, 2021 (Rs) 12,35,001 NA 10,76,930 7,09,910 3,99,505 1,23,907
Scheme Returns (%) 7.18 NA 6.99 6.67 6.89 6.11
Nifty Medium Duration Index Returns (%) 8.42 NA 8.33 8.37 8.38 5.83
Alpha -1.24 NA -1.35 -1.70 -1.49 0.27
Nifty Medium Duration Index (Rs)# 12,97,347 NA 11,29,862 7,40,799 4,08,443 1,23,733
CRISIL 10 Year Gilt Index (Rs)^ 12,17,810 NA 10,60,709 7,02,142 3,91,057 1,21,679
CRISIL 10 Year Gilt Index Returns (%) 6.83 NA 6.56 6.23 5.45 2.61

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 Rs18.1725
Direct Growth OptionRs19.4874
Quarterly-Reg-Plan-IDCW Rs10.7114
Quarterly-Dir-Plan-IDCWRs10.9385
Annual-Reg-Plan-IDCW Rs11.0988
Annual-Dir-Plan-IDCW Rs19.3732

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*
BenchmarkNIFTY Medium Duration Debt Index
Allotment dateMarch 21, 2014
AAUMRs3,035.74 crs
AUMRs3,054.41 crs
Folio count12,896

IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity 5.22 yrs
IRS Average Maturity* -0.07 yrs
Net Average Maturity 5.15 yrs
Portfolio Modified Duration 3.13 yrs
IRS Modified Duration* -0.08 yrs
Net Modified Duration 3.05 yrs
Portfolio Macaulay Duration 3.29 yrs
IRS Macaulay Duration* -0.08 yrs
Net Macaulay Duration 3.22 yrs
YTM 6.38%
$Standard Deviation1.93%
*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: 1.58%; Direct: 0.46%


Data as on November 30, 2021

Fund


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 Nov 2021 is 9.80% 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'