| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
*Interest Rate Swap
Source: $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*:
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Oct 2021 is 24.10% 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'
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
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Investment Objective
The primary objective of the Scheme is to
generate income through investment
primarily in low duration debt & money
market securities. 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 low duration debt & 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 |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 4.62% Central Government | SOV | 5.34 |
| 3.51% Central Government | SOV | 4.23 |
| 7.59% Central Government(^) | SOV | 3.88 |
| 4.59% Central Government(^) | SOV | 2.24 |
| 8.15% State Government(^)-Haryana | SOV | 1.81 |
| 8.27% State Government(^)-Uttar Pradesh | SOV | 0.49 |
| 5.93% State Government-Rajasthan | SOV | 0.46 |
| GS CG15/062022 - (STRIPS) | SOV | 0.18 |
| GS CG 15/12/2021 - (STRIPS) | SOV | 0.18 |
| 8.07% State Government-Gujarat | SOV | 0.15 |
| 8.00% State Government-Rajasthan | SOV | 0.05 |
| 8.79% Central Government | SOV | 0.03 |
| Government Dated Securities - Total | 19.04 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd. | CRISIL AAA | 1.33 |
| Punjab National Bank(Basel III TIER II Bonds)(^) | CRISIL AA+ | 0.91 |
| Power Finance Corporation Ltd.(^) | CRISIL AAA | 0.73 |
| Union Bank of India(Basel III TIER II Bonds)(^) | CRISIL AA+ | 0.69 |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 0.60 |
| National Bank for Agriculture & Rural Development(^) | CRISIL AAA | 0.48 |
| National Bank for Agriculture & Rural Development (^) | ICRA AAA | 0.23 |
| Food Corporation of India | CRISIL AAA(CE) | 0.06 |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 0.02 |
| Public Sector Undertakings - Total | 5.05 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Ltd.(^) | CRISIL AAA | 4.86 |
| Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) | ICRA AAA(CE) | 3.28 |
| Shriram Transport Finance Co Ltd. (^) | CRISIL AA+ | 2.75 |
| HDB Financial Services Ltd.(^) | CRISIL AAA | 2.19 |
| Embassy Office Parks Reit | CRISIL AAA | 2.04 |
| L & T Finance Ltd.(^) | CRISIL AAA | 1.86 |
| Embassy Office Parks Reit (^) | CRISIL AAA | 1.83 |
| Manappuram Finance Ltd. | CRISIL AA | 1.63 |
| Manappuram Finance Ltd. | CARE AA | 1.30 |
| Aditya Birla Finance Ltd.(^) | ICRA AAA | 1.06 |
| Shriram Transport Finance Co Ltd. | FITCH IND AA+ | 1.00 |
| Mahindra & Mahindra Financial Services Ltd.(^) | FITCH AAA(IND) | 0.95 |
| LIC Housing Finance Ltd. (^) | CRISIL AAA | 0.93 |
| Mindspace Business Parks REIT (^) | CRISIL AAA | 0.91 |
| Bahadur Chand Investments Private Limited | ICRA AA | 0.91 |
| Tata Projects Ltd.(^) | FITCH IND AA | 0.88 |
| Bharti Telecom Ltd. | CRISIL AA+ | 0.83 |
| Hindustan Zinc Ltd. | CRISIL AAA | 0.73 |
| Tata Capital Financial Services Limited | ICRA AAA | 0.68 |
| Bajaj Finance Ltd. (^) | CRISIL AAA | 0.68 |
| India Grid Trust (^) | CRISIL AAA | 0.67 |
| Bajaj Finance Ltd. | CRISIL AAA | 0.65 |
| Sundaram Finance Ltd.(^) | CRISIL AAA | 0.56 |
| Mahindra & Mahindra Financial Services Ltd.(^) | FITCH IND AAA | 0.46 |
| Phoenix ARC Pvt Ltd (^) | CRISIL AA | 0.45 |
| Kotak Mahindra Prime Ltd.(^) | CRISIL AAA | 0.41 |
| HDB Financial Services Ltd. (^) | CRISIL AAA | 0.33 |
| Godrej Industries Ltd(^) | CRISIL AA | 0.32 |
| Oberoi Realty Limited | CARE AA+ | 0.23 |
| Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^) | CARE AA(CE) | 0.19 |
| AXIS Bank Ltd.(Basel III TIER I Bonds) | CRISIL AA+ | 0.14 |
| Reliance Industries Ltd. | CRISIL AAA | 0.04 |
| Corporate Debt/Financial Institutions - Total | 35.75 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 91 Days Treasury Bill 06/01/2022 | SOV | 6.86 |
| 91 Days Treasury Bill 13/01/2022 | SOV | 5.41 |
| 364 Days Treasury Bill 02/12/2021 | SOV | 4.30 |
| 364 Days Treasury Bill 06/01/2022 | SOV | 1.67 |
| 182 Days Treasury Bill 04/11/2021 | SOV | 0.91 |
| 182 Days Treasury Bill 16/12/2021 | SOV | 0.90 |
| 182 Days Treasury Bill 09/12/2021 | SOV | 0.42 |
| 364 Days Treasury Bill 30/12/2021 | SOV | 0.41 |
| 182 Days Treasury Bill 02/12/2021 | SOV | 0.23 |
| Treasury Bills - Total | 21.11 | |
| Public Sector Undertakings | ||
| Export-Import Bank of India | CRISIL A1+ | 2.69 |
| Small Industries Development Bank Of India | CARE A1+ | 0.23 |
| Public Sector Undertakings - Total | 2.92 | |
| Corporate Debt/Financial Institutions | ||
| IndusInd Bank Ltd. | CRISIL A1+ | 2.70 |
| HDFC Bank Ltd. | CARE A1+ | 2.69 |
| Vedanta Ltd. | CRISIL A1+ | 2.25 |
| Sikka Ports & Terminals Ltd. | CRISIL A1+ | 1.77 |
| Reliance Jio Infocomm Ltd. | CRISIL A1+ | 1.77 |
| HDFC Ltd. | CRISIL A1+ | 0.90 |
| Bajaj Housing Finance Ltd. | CRISIL A1+ | 0.90 |
| JM Financial Products Limited | CRISIL A1+ | 0.67 |
| Godrej Properties Limited | CRISIL A1+ | 0.67 |
| Can Fin Homes Ltd. | ICRA A1+ | 0.36 |
| Corporate Debt/Financial Institutions - Total | 14.68 | |
| Triparty Repo | 0.33 | |
| Net Current Assets/(Liabilities) | 1.12 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 16,40,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Oct 29, 2021(Rs) | 28,48,519 | 17,64,595 | 10,77,601 | 7,08,334 | 3,93,898 | 1,22,470 |
| Scheme Returns (%) | 7.70 | 7.49 | 7.02 | 6.59 | 5.95 | 3.88 |
| Nifty Low Duration Debt Index Returns (%) | 7.62 | 7.22 | 6.66 | 6.27 | 5.56 | 4.00 |
| Alpha* | 0.08 | 0.27 | 0.35 | 0.32 | 0.40 | -0.12 |
| Nifty Low Duration Debt Index (Rs)# | 28,30,985 | 17,39,516 | 10,64,063 | 7,02,750 | 3,91,580 | 1,22,546 |
| CRISIL 1 Year T-Bill Index (Rs)^ | 25,96,415 | 16,67,761 | 10,39,217 | 6,91,744 | 3,87,589 | 1,22,169 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.45 | 6.41 | 6.00 | 5.64 | 4.87 | 3.41 |
Scheme Inception : - March 06, 2008. 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
| Regular Plan-Growth Option | Rs2,693.1428 |
| Direct Plan- Growth Option | Rs2,855.3251 |
| Weekly-Reg-Plan-IDCW | Rs1,014.6942 |
| Weekly-Dir-Plan-IDCW | Rs1,199.1786 |
| Monthly-Reg-Plan-IDCW | Rs1,026.5348 |
| Monthly-Dir-Plan-IDCW | Rs1,213.3823 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (payout of IDCW is
available under monthly IDCW only)
(applicable for all plans)
| Fund Manager | Mr. Deepak Agrawal* |
| Benchmark | NIFTY Low Duration Debt Index |
| Allotment date | March 6, 2008 |
| AAUM | Rs11,175.94 crs |
| AUM | Rs11,004.62 crs |
| Folio count | 1,12,678 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 1.95 yrs |
| IRS Average Maturity* | -0.15 yrs |
| Net Average Maturity | 1.79 yrs |
| Portfolio Modified Duration | 0.76 yrs |
| IRS Modified Duration* | -0.15 yrs |
| Net Modified Duration | 0.62 yrs |
| Portfolio Macaulay Duration | 0.79 yrs |
| IRS Macaulay Duration* | -0.15 yrs |
| Net Macaulay Duration | 0.64 yrs |
| YTM | 4.67% |
| $Standard Deviation | 0.65% |
*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: Rs5000 and in multiple
of Rs1 for purchase and for Rs0.01 for
switches
Additional Investment: Rs1000 & in
multiples of Rs1 for purchase and for Rs0.01
for switches.
Ideal Investment Horizon: 6-9 months
Load Structure
Entry Load: Nil.
Exit Load:
Nil.
Any exit load charged (net off Service Tax, if
any) shall be credited back to the Scheme;
Total Expense Ratio**
Regular: 1.11%; Direct: 0.41%
Data as on October 31, 2021
Fund
Benchmark
This product is suitable for investors who are seeking*:
- Regular Income over short term
- Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months
* 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 24.10% 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'