| KOTAK DYNAMIC BOND FUND
An open-ended dynamic debt scheme investing across duration
| KOTAK DYNAMIC BOND FUND
An open-ended dynamic debt scheme investing across duration

  

  
Investment Objective
The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. 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 2.06
Embassy Office Parks REIT Construction 1.47
Brookfield India Real Estate Trust Construction 0.59
Debt Instruments
Debentures and Bonds
Government Dated Securities
4.62% Central Government(^) SOV 15.60
7.59% Central Government SOV 8.16
7.26% Central Government SOV 6.26
6.67% Central Government SOV 3.19
7.77% State Government-Kerala SOV 1.80
4.59% Central Government(^) SOV 1.80
7.17% Central Government SOV 1.78
6.44% State Government-Gujarat SOV 1.77
6.12% State Government-Karnataka SOV 1.68
7.25% State Government-Gujarat SOV 0.88
6.89% State Government-Bihar SOV 0.86
1.44% Central Government SOV 0.64
4.45% Central Government SOV 0.59
7.23% State Government-Karnataka SOV 0.53
6.52% State Government-Karnataka SOV 0.51
6.46% State Government-Gujarat SOV 0.33
7.16% Central Government SOV 0.13
5.85% Central Government SOV 0.10
6.53% State Government-Tamil Nadu SOV 0.03
6.62% State Government-Uttar Pradesh SOV 0.01
Government Dated Securities - Total 46.65
Public Sector Undertakings
Power Finance Corporation Ltd.(^) CRISIL AAA 3.15
Rural Electrification Corporation Ltd.(^) CRISIL AAA 2.82
Bank Of Baroda(Basel III TIER I Bonds) CRISIL AA+ 2.13
National Highways Authority Of India (^) CRISIL AAA 0.93
Rural Electrification Corporation Ltd. (^) CRISIL AAA 0.87
Union Bank of India(Basel III TIER I Bonds) FITCH IND AA 0.62
National Highways Authority Of India(^) CRISIL AAA 0.54
Indian Railway Finance Corporation Ltd. CRISIL AAA 0.18
Public Sector Undertakings - Total 11.24
Corporate Debt/Financial Institutions
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 3.82
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 1.82
LIC Housing Finance Ltd. CRISIL AAA 0.14
Corporate Debt/Financial Institutions - Total 5.78
Treasury Bills
91 Days Treasury Bill 13/01/2022 SOV 6.74
182 Days Treasury Bill 23/12/2021 SOV 3.38
Treasury Bills - Total 10.12
Triparty Repo 26.00
Net Current Assets/(Liabilities) -1.85
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) 16,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Oct 29, 2021 (Rs) 30,05,441 18,78,835 11,32,353 7,35,864 4,04,151 1,23,152
Scheme Returns (%) 8.69 8.69 8.41 8.11 7.69 4.96
Nifty Composite Debt Index Returns (%) 8.39 8.47 8.20 8.18 8.16 5.01
Alpha* 0.31 0.22 0.20 -0.07 -0.47 -0.05
Nifty Composite Debt Index (Rs)# 29,38,149 18,57,075 11,24,188 7,37,122 4,06,978 1,23,184
CRISIL 10 Year Gilt Index (Rs)^ 26,00,276 17,13,139 10,57,223 6,98,815 3,90,036 1,20,701
CRISIL 10 Year Gilt Index (%) 6.72 6.93 6.48 6.05 5.29 1.10

Scheme Inception : - May 26, 2008. The returns are calculated by XIRR approach assuming investment of Rs 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 Rs30.0419
Direct Growth Option Rs31.7603
Quarterly-Reg-Plan-IDCW Rs11.3181
Quarterly-Dir-Plan-IDCW Rs11.1469
Monthly-Reg-Plan-IDCW Rs21.9200
Monthly-Dir-Plan-IDCW Rs22.5602

Fund Manager Mr. Deepak Agrawal*
BenchmarkNifty Composite Debt Index
Allotment dateMay 26, 2008
AAUMRs2,957.89 crs
AUMRs2,946.39 crs
Folio count28,735

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


IDCW Frequency

At discretion of trustees


Ratios
Portfolio Average Maturity 5.85 yrs
IRS Average Maturity* 0.51 yrs
Net Average Maturity 6.36 yrs
Portfolio Modified Duration 2.52 yrs
IRS Modified Duration* 0.44 yrs
Net Modified Duration 2.96 yrs
Portfolio Macaulay Duration 2.63 yrs
IRS Macaulay Duration* 0.45 yrs
Net Macaulay Duration 3.08 yrs
YTM 5.12%
$Standard Deviation3.29%
*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:Rs5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
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.


Total Expense Ratio**

Regular: 1.25%; Direct: 0.52%


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 across durations.

* 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 14.29% 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'