| 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.
A relatively high interest rate risk and moderate credit risk.
| 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.
A relatively high interest rate risk and moderate credit risk.

  

  
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 and 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 and 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 Rating % to Net
Assets

Debt Instruments
Debentures and Bonds
Government Dated Securities
7.18% Central Government(^) SOV 8.85
7.10% Central Government(^) SOV 4.41
7.93% Cent ral Government(^) SOV 4.06
7.02% Central Government(^) SOV 2.40
7.53% Central Government(^) SOV 1.83
7.63% Maharashtra State Govt-Maharashtra SOV 0.69
7.32% Central Government(^) SOV 0.53
6.46% Gujarat State Govt-Gujarat SOV 0.01
Government Dated Securities - Total 22.78
Public Sector Undertakings
REC LTD CRISIL AAA 8.69
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CRISIL AAA 7.71
Power Finance Corporation Ltd. CRISIL AAA 7.52
DME DEVELOPMENT LIMITED (^) CRISIL AAA 5.47
National Housing Bank CRISIL AAA 4.85
Power Grid Corporation of India Ltd.(^) CRISIL AAA 4.60
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT ICRA AAA 4.54
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT CRISIL AAA 2.85
STATE BANK OF INDIA.(Basel III TIER II Bonds) CRISIL AAA 2.42
PUNJAB NATIONAL BANK(Basel III TIER II Bonds)(^) CRISIL AAA 1.89
Power Finance Corporation Ltd. (^) CRISIL AAA 1.75
Union Bank of India (Basel III TIER I Bonds) CARE AA+ 1.69
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT FITCH AAA 1.56
Food Corporation of India CRISIL AAA(CE) 1.33
NUCLEAR POWER CORPORATION OF INDIA LTD. ICRA AAA 1.31
Food Corporation of India (^) CRISIL AAA(CE) 0.87
REC LTD ICRA AAA 0.86
Mahanagar Telephone Nigam Ltd. CARE AA+(CE) 0.83
BANK OF BARODA(Basel III TIER II Bonds) FITCH AAA 0.22
Mahanagar Telephone Nigam Ltd. CARE AAA(CE) 0.09
Public Sector Undertakings - Total 61.05
Corporate Debt/Financial Institutions
HDFC BANK LTD.(^) CRISIL AAA 5.34
HDFC BANK LTD. (^) CRISIL AAA 4.42
LIC HOUSING FINANCE LTD. CRISIL AAA 2.17
Corporate Debt/Financial Institutions - Total 11.93
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
Export-Import Bank of India CRISIL A1+ 0.80
Public Sector Undertakings - Total 0.80
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 Alternative Investment Fund 0.28
Alternative Investment Fund - Total 0.28
Net Current Assets/(Liabilities) 3.16
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 (₹) 31,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on December 31, 2024 (₹) 88,05,566 17,24,505 10,69,071 7,04,924 4,01,176 1,24,974
Scheme Returns (%) 7.14 7.05 6.78 6.38 7.16 7.77
CRISIL Banking & PSU Debt A-II Index Returns (%) NA 6.91 6.59 6.24 6.96 7.33
Alpha* NA 0.13 0.18 0.14 0.20 0.44
CRISIL Banking & PSU Debt A-II Index (₹)# NA 17,12,589 10,62,039 7,02,515 4,00,012 1,24,696
CRISIL 10 Year Gilt Index (₹)^ NA 16,54,078 10,52,024 7,00,616 4,07,240 1,25,801
CRISIL 10 Year Gilt Index (%) NA 6.25 6.33 6.14 8.17 9.08

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. The SIP performance details provided herein are of Regular Plan - Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.

Net Asset Value (NAV)
RegularDirect
Growth Rs62.5826Rs65.0891
Monthly Dividend Rs11.7578Rs10.2698
(as on December 31, 2024)

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, Mr. Abhishek Bisen
BenchmarkCRISIL Banking & PSU Debt A-II Index
Allotment dateDecember 29,1998
AAUMRs5,732.41 crs
AUMRs5,796.97 crs
Folio count15,323

IDCW Frequency

Monthly (12th of every Month)


Debt Quant & Ratios
Average Maturity 5.55 yrs
Modified Duration 3.64 yrs
Macaulay Duration 3.86 yrs
Annualised YTM* 7.43%
$Standard Deviation 0.74%
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.

Minimum Investment Amount

Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter

Ideal Investments Horizon

• 2-3 years


Load Structure

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


Total Expense Ratio**
Regular Plan: 0.75%
Direct Plan: 0.39%

Data as on 31st December, 2024 unless otherwise specified.

Folio Count data as on 30th November 2024.

Fund


Benchmark: CRISIL Banking & PSU Debt A-II Index


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 advisors if in doubt about whether the product is suitable for them.

The above risk-o—meter is based on the scheme portfolio as on 30th November, 2024. An addendum may be issued or updated on the website for new riskometer.


(^) Fully or Party blocked against Interest Rate Swap (IRS) (^)This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments. Hedging Position through Interest Rate Swaps as on 31 Dec 2024 is 4.48% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'For Regular Plan' & 'For Direct Plan'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'For Regular Plan' & 'For Direct Plan'