| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk

  

  
Investment Objective
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
Tata Capital Housing Finance Ltd. CRISIL AAA 1.01
Bajaj Housing Finance Ltd. CRISIL AAA 0.51
Reliance Industries Ltd. CRISIL AAA 0.34
Sundaram Finance Ltd. CRISIL AAA 0.30
HDFC Ltd. CRISIL AAA 0.22
Corporate Debt/Financial Institutions - Total 2.38
Public Sector Undertakings
National Bank for Agriculture & Rural Development CRISIL AAA 0.34
Rural Electrification Corporation Ltd. CRISIL AAA 0.25
Hindustan Petroleum Corporation Ltd. CRISIL AAA 0.17
Public Sector Undertakings - Total 0.76
Government Dated Securities
6.84% Central Government SOV 1.01
8.31% Karnataka State Govt-Karnataka SOV 0.25
Government Dated Securities - Total 1.26
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Reliance Retail Ventures Ltd CRISIL A1+ 3.10
HDFC Bank Ltd. CARE A1+ 2.19
AXIS Bank Ltd. CRISIL A1+ 2.10
Aditya Birla Finance Ltd. ICRA A1+ 2.02
Bajaj Finance Ltd. CRISIL A1+ 1.67
Reliance Jio Infocomm Ltd. CRISIL A1+ 1.66
ICICI Securities Limited CRISIL A1+ 1.50
Sikka Ports & Terminals Ltd. CRISIL A1+ 1.34
Chambal Fertilisers & Chemicals Ltd. CRISIL A1+ 1.01
Birla Group Holding Private Limited CRISIL A1+ 1.00
HDFC Ltd. CRISIL A1+ 0.84
Mahindra & Mahindra Financial Services Ltd. CRISIL A1+ 0.84
Poonawalla Fincorp Limited CRISIL A1+ 0.59
HDFC Securities Limited CRISIL A1+ 0.51
HDFC Securities Limited CRISIL A1+ 0.50
Tata Capital Financial Services Limited CRISIL A1+ 0.50
Axis Securities Limited ICRA A1+ 0.34
Motilal Oswal Financial Services Limited ICRA A1+ 0.34
Tata Steel Ltd. ICRA A1+ 0.34
Pilani Investment and Industries Corporation Ltd CRISIL A1+ 0.33
Godrej Industries Ltd CRISIL A1+ 0.25
Julius Baer Capital (India) Pvt. Ltd CRISIL A1+ 0.25
Aditya Birla Money Ltd CRISIL A1+ 0.17
ICICI Home Finance Company Limited ICRA A1+ 0.17
Sharekhan BNP Paribas Financial Services Pvt. Ltd. ICRA A1+ 0.17
Corporate Debt/Financial Institutions - Total 23.73
Public Sector Undertakings
Small Industries Development Bank Of India CARE A1+ 9.14
Union Bank of India ICRA A1+ 6.67
Canara Bank CRISIL A1+ 5.03
National Bank for Agriculture & Rural Development ICRA A1+ 4.69
Indian Bank CRISIL A1+ 4.17
Punjab National Bank ICRA A1+ 2.12
Hindustan Petroleum Corporation Ltd. CRISIL A1+ 1.68
Indian Oil Corporation Ltd. ICRA A1+ 1.68
Bank Of Baroda FITCH IND A1+ 1.01
BOB Financial Solutions Limited CRISIL A1+ 0.33
Public Sector Undertakings - Total 36.52
Reverse Repo 5.75
Treasury Bills
182 Days Treasury Bill 08/12/2022 SOV 6.72
182 Days Treasury Bill 24/11/2022 SOV 3.03
91 Days Treasury Bill 27/01/2023 SOV 3.00
182 Days Treasury Bill 17/11/2022 SOV 2.61
91 Days Treasury Bill 08/12/2022 SOV 2.05
91 Days Treasury Bill 24/11/2022 SOV 1.65
364 Days Treasury Bill 19/01/2023 SOV 0.33
364 Days Treasury Bill 17/11/2022 SOV 0.32
182 Days Treasury Bill 01/12/2022 SOV 0.17
Treasury Bills - Total 19.88
Triparty Repo 9.49
Net Current Assets/(Liabilities) 0.23
Grand Total 100.00



NAV
Growth OptionRs4395.6212
Direct Growth OptionRs4423.5279
Daily-Reg-Plan-IDCW Rs1222.81
Daily-Dir-Plan-IDCW Rs1222.81

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 Liquid Index B-I (Tier 1), Nifty Liquid Index (Tier 2)
Allotment dateNovember 4, 2003
AAUMRs30,185.59 crs
AUMRs28,064.62 crs
Folio count53,994

IDCW Frequency

Daily


Ratios
Portfolio Average Maturity0.10 yrs
IRS Average Maturity*-
Net Average Maturity0.10 yrs
Portfolio Modified Duration0.10 yrs
IRS Modified Duration*-
Net Modified Duration0.10 yrs
Portfolio Macaulay Duration0.10 yrs
IRS Macaulay Duration*-
Net Macaulay Duration0.10 yrs
YTM6.54%
$Standard Deviation0.25%

*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:Rs500 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Investment: Rs500 & in multiples of Rs1 or purchases and of Rs0.01 for switches
Ideal Investment Horizon: 7 days to month


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

1. Exit load shall applicable be as per the graded basis as specified below:

Investor exit upon subscriptionExit load as a % of redemption proceeds
Day 1 0.0070%
Day 2 0.0065%
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045%
Day 7 onwards 0.0000%

Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCW shall not be subject to entry and exit load.
2. The revised exit load shall be effective for all fresh investments
3. The revised load structure will be applicable for Insta Redemption facility as per the applicable circular.
4. Applicability of revised exit load on redemption /switch-out of units would be done on First in First out Basis (’FIFO’).


Total Expense Ratio**

Regular: 0.32%; Direct: 0.20%


Data as on October 31, 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

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.



**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 scheme performance, please refer 'Scheme Performances'