| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
An open ended debt scheme predominantly investing in floating rate instruments.
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
*Interest Rate Swap
Source: $KMIS & ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.
This product is suitable for investors who are seeking*:
An open ended debt scheme predominantly investing in floating rate instruments.
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Investment Objective
The primary objective of the Scheme is to
generate income through investment
primarily in floating rate debt instruments,
fixed rate debt instruments swapped for
floating rate returns and money market
instruments. However, there is no assurance
or guarantee that the investment objective
of the scheme will be achieved
The primary objective of the Scheme is to
generate income through investment
primarily in floating rate debt instruments,
fixed rate debt instruments swapped for
floating rate returns and money market
instruments. However, there is no assurance
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 | 7.63 |
| 4.59% Central Government | SOV | 2.45 |
| 7.89% State Government(^)-Gujarat | SOV | 2.40 |
| 3.51% Central Government | SOV | 2.16 |
| 8.20% State Government(^)-Gujarat | SOV | 1.85 |
| 8.20% State Government(^)-Rajasthan | SOV | 1.21 |
| 8.20% Central Government | SOV | 1.16 |
| 8.24% State Government(^)-Kerala | SOV | 1.15 |
| 8.08% State Government-Punjab | SOV | 0.86 |
| 8.12% State Government-Assam | SOV | 0.86 |
| 8.27% State Government-Haryana | SOV | 0.58 |
| 8.79% Central Government | SOV | 0.53 |
| 8.50% State Government-Punjab | SOV | 0.35 |
| 8.10% State Government-Uttar Pradesh | SOV | 0.29 |
| 8.06% State Government-Chattisgarh | SOV | 0.29 |
| GS CG 02/01/2025 - (STRIPS) | SOV | 0.24 |
| 6.17% State Government-Telangana | SOV | 0.22 |
| GS CG 22 Feb 2024 - (STRIPS) | SOV | 0.19 |
| GS CG 22 Feb 2025 - (STRIPS) | SOV | 0.18 |
| Government Dated Securities - Total | 24.60 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd. | CRISIL AAA | 5.29 |
| National Bank for Agriculture & Rural Development(^) | ICRA AAA | 4.85 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 2.18 |
| National Bank for Agriculture & Rural Development (^) | ICRA AAA | 2.14 |
| National Bank for Agriculture & Rural Development (^) | CRISIL AAA | 2.12 |
| Power Finance Corporation Ltd. | CRISIL AAA | 1.70 |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 1.67 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 1.65 |
| Indian Bank(Basel III TIER II Bonds)(^) | FITCH IND AA+ | 1.64 |
| Canara Bank(Basel III TIER II Bonds)(^) | FITCH IND AAA | 1.64 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 1.51 |
| State Bank Of India.(Basel III TIER I Bonds) | CRISIL AA+ | 1.31 |
| State Bank Of India.(Basel III TIER II Bonds)(^) | CRISIL AAA | 1.06 |
| Bank Of Baroda(Basel III TIER II Bonds) | FITCH AAA(IND) | 0.96 |
| Indian Railway Finance Corporation Ltd. | CRISIL AAA | 0.11 |
| Public Sector Undertakings - Total | 29.83 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Ltd.(^) | CRISIL AAA | 9.64 |
| LIC Housing Finance Ltd.(^) | CRISIL AAA | 3.23 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) | CRISIL AAA | 2.28 |
| Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) | ICRA AAA(CE) | 1.90 |
| Citicorp Finance (India) Ltd. (^) | ICRA AAA | 1.60 |
| ICICI Bank Ltd.(Basel III TIER I Bonds)(^) | CRISIL AA+ | 1.35 |
| EMBASSY OFFICE PARKS REIT | CRISIL AAA | 1.34 |
| PTC First Business Receivables Trust (Series 22) 01/07/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 1.14 |
| PTC First Business Receivables Trust (Series 21) 01/04/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 1.14 |
| LIC Housing Finance Ltd. (^) | CRISIL AAA | 1.13 |
| Bajaj Finance Ltd.(^) | CRISIL AAA | 1.09 |
| Kotak Mahindra Prime Ltd. (^) | CRISIL AAA | 1.07 |
| HDB Financial Services Ltd. | CRISIL AAA | 1.07 |
| Embassy Office Parks Reit (^) | CRISIL AAA | 1.07 |
| Tata Capital Housing Finance Ltd.(^) | CRISIL AAA | 1.06 |
| Bajaj Housing Finance Ltd. (^) | CRISIL AAA | 1.06 |
| Kotak Mahindra Prime Ltd.(^) | CRISIL AAA | 0.99 |
| AXIS Bank Ltd.(^) | CRISIL AAA | 0.89 |
| Bharti Telecom Ltd. | CRISIL AA+ | 0.53 |
| Bajaj Finance Ltd. | CRISIL AAA | 0.27 |
| Corporate Debt/Financial Institutions - Total | 33.85 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 91 Days Treasury Bill 16/12/2021(^) | SOV | 2.13 |
| 182 Days Treasury Bill 23/12/2021 | SOV | 1.59 |
| 182 Days Treasury Bill 16/12/2021 | SOV | 0.11 |
| Treasury Bills - Total | 3.83 | |
| Corporate Debt/Financial Institutions | ||
| AXIS Bank Ltd. | CRISIL A1+ | 1.33 |
| Corporate Debt/Financial Institutions - Total | 1.33 | |
| Net Current Assets/(Liabilities) | 6.56 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 1 year |
| Total amount invested (Rs) | 3,00,000 | 1,20,000 |
| Total Value as on Oct 29, 2021 (Rs) | 3,28,578 | 1,23,471 |
| Scheme Returns (%) | 7.24 | 5.47 |
| Nifty Ultra Short Duration Debt Index Returns (%) | 4.44 | 3.93 |
| Alpha* | 2.80 | 1.54 |
| Nifty Ultra Short Duration Debt Index (Rs)# | 3,17,364 | 1,22,500 |
| CRISIL 10 Year Gilt Index (Rs)^ | 3,16,288 | 1,20,701 |
| CRISIL 10 Year Gilt Index (%) | 4.17 | 1.10 |
Scheme Inception : - May 14, 2019. 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.
Alpha is difference of scheme return with benchmark return.
NAV
| Growth Option | Rs1,198.3951 |
| Direct Growth Option | Rs1,208.7340 |
| Weekly-Reg-Plan-IDCW | Rs1,108.5689 |
| Reg-Plan-IDCW | Rs1,066.5583 |
| Dir-Plan-IDCW | Rs1,052.9901 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Growth, Payout of IDCW and
Reinvestment of IDCW.
IDCW Frequency
At discretion of trustees
| Fund Manager | Mr. Deepak Agrawal* |
| Benchmark | NIFTY Ultra Short Duration Debt Index |
| Allotment date | May 14, 2019 |
| AAUM | Rs9,101.93 crs |
| AUM | Rs 9,368.54 crs |
| Folio count | 7,347 |
Ratios
| Portfolio Average Maturity | 3.73 yrs |
| IRS Average Maturity* | 0.00 yrs |
| Net Average Maturity | 3.73 yrs |
| Portfolio Modified Duration | 1.81 yrs |
| IRS Modified Duration* | 0.00 yrs |
| Net Modified Duration | 1.81 yrs |
| Portfolio Macaulay Duration | 1.90 yrs |
| IRS Macaulay Duration* | 0.00 yrs |
| Net Macaulay Duration | 1.90 yrs |
| YTM | 5.35% |
| $Standard Deviation | 2.46% |
*Interest Rate Swap
Source: $KMIS & ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.
Minimum Investment Amount
Initial Purchase: Rs5000 and in multiple
of Rs1 for purchase and for Rs0.01 for
switches
Additional Purchase: Rs1000 & in
multiples of Rs1 for purchase and for Rs0.01
for switches.
Ideal Investment Horizon: 2 year & above
Load Structure
Entry Load: Nil.(Applicable for All Plans)
Exit Load: Nil. (Applicable for All Plans)
Total Expense Ratio**
Regular: 0.62%; Direct: 0.22%
Data as on October 31, 2021
Fund
Benchmark
This product is suitable for investors who are seeking*:
- Income over a short term investment horizon
- Investment in debt & money market securities having maturity of one business day
* 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 38.92% 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'
**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'