| KOTAK BANKING AND PSU DEBT FUND
An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds
| KOTAK BANKING AND PSU DEBT FUND
An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds

  

  
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
4.62% Central Government SOV 8.29
7.59% Central Government SOV 7.15
4.59% Central Government(^) SOV 2.06
7.23% State Government-Karnataka SOV 0.67
8.19% State Government-Karnataka SOV 0.58
7.15% State Government-Karnataka SOV 0.55
8.71% State Government-Uttar Pradesh SOV 0.14
6.46% State Government-Gujarat SOV 0.11
3.51% Central Government SOV 0.05
7.42% State Government-Maharashtra SOV 0.04
Government Dated Securities - Total 19.64
Public Sector Undertakings
State Bank Of India.(Basel III TIER II Bonds)(^) CRISIL AAA 6.24
Power Finance Corporation Ltd.(^) CRISIL AAA 5.96
National Bank for Agriculture & Rural Development(^) ICRA AAA 2.94
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 2.89
Union Bank of India(Basel III TIER I Bonds) FITCH IND AA 2.70
Food Corporation of India(^) CRISIL AAA(CE) 2.45
Bank Of Baroda(Basel III TIER II Bonds)(^) FITCH IND AAA 2.42
National Bank for Agriculture & Rural Development ICRA AAA 2.41
Rural Electrification Corporation Ltd. CRISIL AAA 2.38
National Bank for Agriculture & Rural Development CRISIL AAA 1.97
Indian Bank(Basel III TIER II Bonds)(^) FITCH IND AA+ 1.94
National Highways Authority Of India(^) CRISIL AAA 1.85
Union Bank of India (Basel III TIER I Bonds)(^) CARE AA- 1.53
Punjab National Bank(Basel III TIER II Bonds)(^) CRISIL AA+ 1.36
Canara Bank(Basel III TIER II Bonds)(^) FITCH IND AAA 1.10
Canara Bank (Basel III TIER I Bonds)(^) CRISIL AA 1.08
Power Finance Corporation Ltd. CRISIL AAA 1.03
Food Corporation of India (^) ICRA AAA(CE) 0.94
Bank Of Baroda (Basel III TIER I Bonds)(^) CRISIL AA+ 0.74
State Bank Of India.(Basel III TIER I Bonds) CRISIL AA+ 0.56
Mangalore Refinery and Petrochemicals Ltd. (^) FITCH AAA(IND) 0.54
Small Industries Development Bank Of India ICRA AAA 0.34
Rural Electrification Corporation Ltd. CRISIL AAA 0.33
Food Corporation of India (^) CRISIL AAA(CE) 0.28
Bank Of Baroda(Basel III TIER I Bonds) CRISIL AA+ 0.23
Punjab National Bank (Basel III TIER II Bonds) CRISIL AA+ 0.16
Bank Of Baroda(Basel III TIER II Bonds) FITCH AAA(IND) 0.14
Power Grid Corporation of India Ltd. CRISIL AAA 0.05
Public Sector Undertakings - Total 46.56
Corporate Debt/Financial Institutions
AXIS Bank Ltd.(^) CRISIL AAA 2.98
HDFC Bank Ltd.(^) CRISIL AAA 2.12
ICICI Bank Ltd.(Basel III TIER I Bonds) CARE AA+ 1.10
AXIS Bank Ltd.(Basel III TIER I Bonds) CRISIL AA+ 1.02
ICICI Bank Ltd.(Basel III TIER I Bonds)(^) ICRA AA+ 0.51
ICICI Bank Ltd.(Basel III TIER I Bonds) CRISIL AA+ 0.13
Corporate Debt/Financial Institutions - Total 7.86
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
Export-Import Bank of India CRISIL A1+ 7.15
National Bank for Agriculture & Rural Development ICRA A1+ 2.65
Small Industries Development Bank Of India CARE A1+ 1.33
National Thermal Power Corporation Ltd. CRISIL A1+ 0.53
Export-Import Bank of India ICRA A1+ 0.05
Public Sector Undertakings - Total 11.71
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 1.61
HDFC Bank Ltd. CARE A1+ 1.58
Corporate Debt/Financial Institutions - Total 3.19
Triparty Repo 8.51
Net Current Assets/(Liabilities) 2.53
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 (Rs) 27,50,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Oct 29, 2021 (Rs) 69,77,704 18,36,219 11,16,483 7,31,645 4,03,393 1,23,259
Scheme Returns (%) 7.41 8.25 8.01 7.88 7.56 5.13
CRISIL Banking and PSU Debt Index Returns (%) NA 8.43 7.99 7.78 7.42 5.02
Alpha* NA -0.18 0.02 0.11 0.14 0.11
CRISIL Banking and PSU Debt Index (Rs)# NA 18,53,688 11,15,614 7,29,667 4,02,559 1,23,189
CRISIL 10 Year Gilt Index (Rs)^ NA 17,13,139 10,57,223 6,98,815 3,90,036 1,20,701
CRISIL 10 Year Gilt Index (%) NA 6.93 6.48 6.05 5.29 1.10

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. # Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return.

NAV
Growth Option Rs52.1196
Direct Growth Option Rs53.4976
Monthly-Reg-Plan-IDCWRs10.4618
Monthly-Dir-Plan-IDCWRs10.3794

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*
BenchmarkCRISIL Banking and PSU Debt Index
Allotment dateDecember 29,1998
AAUMRs9,353.36 crs
AUMRs9,334.12 crs
Folio count23,016

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity5.15 yrs
IRS Average Maturity*-0.35 yrs
Net Average Maturity4.80 yrs
Portfolio Modified Duration2.83 yrs
IRS Modified Duration*-0.33 yrs
Net Modified Duration2.51 yrs
Portfolio Macaulay Duration3.02 yrs
IRS Macaulay Duration*-0.34 yrs
Net Macaulay Duration2.68 yrs
YTM5.58%
$Standard Deviation1.78%
*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: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: 0.76%; Direct: 0.36%


Data as on October 31, 2021

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 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 2021 is 24.48% 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'