| KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
| KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years

  

  
Investment Objective
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates 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. There is no assurance that the investment objective of the Scheme will be realised.

The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates 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. There is no assurance that the investment objective of the Scheme will be realised.


Issuer/Instrument Industry/
Rating		 % to Net
Assets

Debt Instruments
Debentures and Bonds
Government Dated Securities
7.59% Central Government SOV 12.59
4.62% Central Government SOV 6.45
4.59% Central Government(^) SOV 3.90
3.51% Central Government(^) SOV 3.07
8.24% State Government(^)-Kerala SOV 1.99
8.38% State Government-Haryana SOV 1.33
8.57% State Government(^)-Gujarat SOV 1.23
8.14% State Government-Gujarat SOV 0.95
7.19% State Government(^)-Gujarat SOV 0.82
7.59% State Government-Gujarat SOV 0.65
7.61% State Government-Tamil Nadu SOV 0.62
8.00% State Government(^)-Rajasthan SOV 0.60
7.14% State Government-Gujarat SOV 0.57
6.44% State Government(^)-Gujarat SOV 0.54
8.25% State Government-Madhya Pradesh SOV 0.44
6.90% Central Government SOV 0.33
7.60% State Government-Madhya Pradesh SOV 0.31
7.59% State Government-Haryana SOV 0.31
7.62% State Government-Tamil Nadu SOV 0.31
7.20% State Government-Karnataka SOV 0.30
8.26% State Government-Uttar Pradesh SOV 0.20
6.98% State Government-Maharashtra SOV 0.18
7.16% State Government-Uttar Pradesh SOV 0.15
6.97% State Government-Karnataka SOV 0.15
7.59% State Government-Karnataka SOV 0.15
8.61% State Government-Uttar Pradesh SOV 0.14
8.39% State Government-Rajasthan SOV 0.12
8.27% State Government-Rajasthan SOV 0.12
4.45% Central Government SOV 0.10
GS CG 22 Aug 2025 - (STRIPS) SOV 0.10
GS CG 22 Aug 2026 - (STRIPS) SOV 0.09
GS CG 22 Feb 2027 - (STRIPS) SOV 0.09
GS CG 22 Feb 2028 - (STRIPS) SOV 0.08
GS CG 22 Feb 2029 - (STRIPS) SOV 0.07
1.44% Central Government SOV 0.07
9.36% State Government-West Bengal SOV 0.07
8.45% State Government-Bihar SOV 0.06
8.66% State Government-Tamil Nadu SOV 0.04
8.69% State Government-Kerala SOV 0.04
8.21% State Government-Rajasthan SOV 0.02
Government Dated Securities - Total 39.35
Public Sector Undertakings
Power Finance Corporation Ltd.(^) CRISIL AAA 2.59
National Bank for Agriculture & Rural Development (^) ICRA AAA 1.82
National Bank for Agriculture & Rural Development CRISIL AAA 1.32
State Bank Of India.(Basel III TIER II Bonds)(^) CRISIL AAA 1.30
Power Finance Corporation Ltd. CRISIL AAA 1.00
Rural Electrification Corporation Ltd.(^) CRISIL AAA 0.97
National Bank for Agriculture & Rural Development(^) CRISIL AAA 0.85
Bank Of Baroda(Basel III TIER II Bonds)(^) FITCH IND AAA 0.62
Canara Bank(Basel III TIER II Bonds)(^) FITCH IND AAA 0.60
Rural Electrification Corporation Ltd. (^) CRISIL AAA 0.20
ONGC Petro Additions Ltd.(^) ICRA AAA(CE) 0.17
Power Grid Corporation of India Ltd. CRISIL AAA 0.06
National Thermal Power Corporation Ltd. CRISIL AAA 0.03
Rural Electrification Corporation Ltd. FITCH IND AAA 0.02
Small Industries Development Bank Of India ICRA AAA 0.02
Public Sector Undertakings - Total 11.57
Corporate Debt/Financial Institutions
Bajaj Finance Ltd. (^) CRISIL AAA 4.53
HDFC Ltd. CRISIL AAA 3.93
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) CRISIL AAA 2.49
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 1.79
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) ICRA AAA(CE) 1.76
Mahindra & Mahindra Financial Services Ltd.(^) FITCH IND AAA 1.70
LIC Housing Finance Ltd.(^) CRISIL AAA 1.56
Kotak Mahindra Prime Ltd.(^) CRISIL AAA 1.17
Kotak Mahindra Prime Ltd. (^) CRISIL AAA 1.17
HDB Financial Services Ltd. CRISIL AAA 1.06
First Business Receivables Trust ( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 0.95
Grasim Industries Ltd. CRISIL AAA 0.95
Bajaj Finance Ltd.(^) CRISIL AAA 0.92
Tata Capital Financial Services Limited ICRA AAA 0.85
Aditya Birla Finance Ltd. ICRA AAA 0.79
LIC Housing Finance Ltd. (^) CARE AAA 0.73
Hindustan Zinc Ltd. CRISIL AAA 0.70
AXIS Finance Ltd. CRISIL AAA 0.67
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 0.66
Tata Capital Financial Services Limited(^) CRISIL AAA 0.60
Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) CRISIL AAA 0.59
Tata Capital Housing Finance Ltd. CRISIL AAA 0.59
India Grid Trust (^) CRISIL AAA 0.58
Bajaj Housing Finance Ltd. (^) CRISIL AAA 0.58
Aditya Birla Housing Finance ICRA AAA 0.58
HDFC Bank Ltd.(^) CRISIL AAA 0.58
HDB Financial Services Ltd. CRISIL AAA 0.58
HDB Financial Services Ltd. (^) CARE AAA 0.29
HDFC Ltd. CRISIL AAA 0.29
Tata Capital Financial Services Limited (^) ICRA AAA 0.29
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group) CRISIL AAA 0.15
ICICI Home Finance Company Limited CRISIL AAA 0.15
Bajaj Housing Finance Ltd. CRISIL AAA 0.01
Corporate Debt/Financial Institutions - Total 34.24
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
364 Days Treasury Bill 02/12/2021 SOV 2.91
91 Days Treasury Bill 13/01/2022 SOV 1.74
91 Days Treasury Bill 02/12/2021 SOV 1.65
182 Days Treasury Bill 02/12/2021 SOV 1.16
Treasury Bills - Total 7.46
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL A1+ 1.74
Kotak Mahindra Investments Ltd. CRISIL A1+ 0.58
Can Fin Homes Ltd. ICRA A1+ 0.34
Corporate Debt/Financial Institutions - Total 2.66
Triparty Repo 2.79
Net Current Assets/(Liabilities) 1.93
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) 23,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Oct 29, 2021 (Rs) 53,35,011 17,79,600 10,89,503 7,18,526 3,99,194 1,22,777
Scheme Returns (%) 7.81 7.65 7.32 7.16 6.85 4.37
Nifty Short Duration Index Returns (%) 8.01 7.96 7.60 7.44 7.15 4.66
Alpha -0.20 -0.30 -0.27 -0.29 -0.30 -0.29
Nifty Short Duration Index (Rs)# 54,57,420 18,08,284 11,00,169 7,23,665 4,00,947 1,22,960
CRISIL 10 Year Gilt Index (Rs)^ 46,17,603 17,13,139 10,57,223 6,98,815 3,90,036 1,20,701
CRISIL 10 Year Gilt Index (%) 6.51 6.93 6.48 6.05 5.29 1.10

Scheme Inception : - May 02,2002. 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 OptionRs42.1111
Direct Growth OptionRs45.0317
Monthly-Reg-Plan-IDCW Rs10.0170
Monthly-Dir-Plan-IDCWRs13.3487
Half Yearly-Reg-Plan-IDCW Rs15.0428
Half Yearly-Dir-Plan-IDCW Rs15.8412
Normal-Dir-Plan-IDCWRs13.2645

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 Short Duration Debt Index
Allotment dateMay 2, 2002
AAUMRs17,177.23 crs
AUMRs 17,141.57 crs
Folio count32,578

IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity3.56 yrs
IRS Average Maturity*-0.20 yrs
Net Average Maturity3.36 yrs
Portfolio Modified Duration1.81 yrs
IRS Modified Duration*-0.19 yrs
Net Modified Duration1.62 yrs
Portfolio Macaulay Duration1.88 yrs
IRS Macaulay Duration*-0.20 yrs
Net Macaulay Duration1.68 yrs
YTM5.17%
$Standard Deviation1.65%
*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:(i) Reinvestment of IDCW & Growth - Rs5000 & above (ii) Payout of IDCW (Monthly IDCW) - Rs50,000 & above
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 1 years & above


Load Structure

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


Total Expense Ratio**

Regular: 1.16%; Direct: 0.34%


Data as on October 31, 2021

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a medium term investment horizon
  • Investment in debt & money market securities with portfolio Macaulay duration between 1 year & 3 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 2021 is 23.10% 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'