| 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
Embassy Office Parks REIT Realty 3.85
Brookfield India Real Estate Trust Realty 1.48
Mutual Fund Units - Total 5.33
Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL AAA 9.07
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 6.06
L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by L&T Ltd. ) CRISIL AAA(CE) 5.01
Bharti Telecom Ltd. CRISIL AA+ 5.00
Shriram Transport Finance Co Ltd. FITCH IND AA+ 4.47
Tata Steel Ltd. FITCH AA+(IND) 3.84
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 2.63
Tata Projects Ltd. FITCH IND AA 2.53
EMBASSY OFFICE PARKS REIT CRISIL AAA 2.52
India Grid Trust CRISIL AAA 2.51
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 2.47
Prestige Projects Pvt. Ltd ICRA A+(CE) 1.62
Bajaj Housing Finance Ltd. CRISIL AAA 1.29
Muthoot Finance Ltd. CRISIL AA+ 0.10
Muthoot Finance Ltd. CRISIL AA+ 0.03
IOT Utkal Energy Services Ltd. CRISIL AAA 0.01
Corporate Debt/Financial Institutions - Total 49.16
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 5.70
DME Development Limited (^) CRISIL AAA 4.20
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 3.74
Punjab National Bank(Basel III TIER I Bonds) CARE AA 3.65
ONGC Petro Additions Ltd. ICRA AAA(CE) 1.24
Rural Electrification Corporation Ltd. CRISIL AAA 0.57
Canara Bank (Basel III TIER I Bonds) CRISIL AA+ 0.53
National Bank for Agriculture & Rural Development ICRA AAA 0.18
Steel Authority of India Ltd. CARE AA 0.04
Public Sector Undertakings - Total 19.85
Government Dated Securities
7.42% Central Government(^) SOV 10.46
6.42% Central Government(^) SOV 5.18
7.01% Central Government(^) SOV 1.28
5.74% Central Government SOV 1.23
1.44% Central Government SOV 1.12
6.53% Tamil Nadu State Govt-Tamil Nadu SOV 0.14
6.67% Central Government SOV 0.04
Government Dated Securities - Total 19.45
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Vedanta Ltd. CRISIL A1+ 1.26
Corporate Debt/Financial Institutions - Total 1.26
Triparty Repo 2.97
Net Current Assets/(Liabilities) 1.98
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 7 years 5 years 3 years 1 year
Total amount invested (₹) 10,40,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Oct 31, 2022 (₹) 13,73,026 10,31,136 6,87,210 3,85,726 1,21,798
Scheme Returns (%) 6.28 5.77 5.37 4.54 2.79
Nifty Medium Duration Debt Index C-III Returns (%) 7.79 7.49 7.44 6.68 4.75
Alpha -1.52 -1.72 -2.07 -2.15 -1.96
Nifty Medium Duration Debt Index C-III (₹)# 14,69,608 10,96,405 7,23,794 3,98,307 1,23,049
Nifty Medium Duration Debt Index Returns (%) 7.07 6.66 6.24 4.25 1.83
Alpha -0.79 -0.89 -0.87 0.29 0.96
Nifty Medium Duration Debt Index (₹)# 14,22,549 10,64,318 7,02,418 3,84,039 1,21,180
CRISIL 10 Year Gilt Index (₹)^ 13,04,891 9,81,857 6,60,433 3,65,632 1,20,113
CRISIL 10 Year Gilt Index Returns (%) 5.14 4.39 3.79 1.01 0.17

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 Rs18.5623
Direct Growth OptionRs20.1038
Reg-Plan-IDCW Rs11.3933
Dir-Plan-IDCWRs20.1055

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. Sunit Garg^ & Mr. Vihag Mishra
(Dedicated fund manager for investments in foreign securities) ^w.e.f. 1st Nov 2022
Benchmark***NIFTY Medium Duration Debt Index C-III (Tier 1) Nifty Medium Duration Debt Index (Tier 2)
Allotment dateMarch 21, 2014
AAUMRs1,915.36 crs
AUMRs1,927.87 crs
Folio count11,074

IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity 6.37 yrs
IRS Average Maturity* 0.46 yrs
Net Average Maturity 6.82 yrs
Portfolio Modified Duration 2.59 yrs
IRS Modified Duration* 0.41 yrs
Net Modified Duration 2.99 yrs
Portfolio Macaulay Duration 2.77 yrs
IRS Macaulay Duration* 0.42 yrs
Net Macaulay Duration 3.19 yrs
YTM 8.12%
$Standard Deviation1.73%
*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: 1.59%; Direct: 0.58%


Data as on October 31, 2022

Fund


Benchmark


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 31 Oct 2022 is 20.50% 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'