| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.
| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.
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Investment Objective
The investment objective of the scheme is to generate income by investing in debt /and money market securities
across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable
liquidity within the fund. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
The investment objective of the scheme is to generate income by investing in debt /and money market securities
across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable
liquidity within the fund. There is no assurance 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 | 13.23 |
| 7.10% Central Government(^) | SOV | 6.38 |
| 7.53% Central Government(^) | SOV | 3.74 |
| 7.93% Central Government(^) | SOV | 2.67 |
| 7.02% Central Government(^) | SOV | 0.98 |
| 7.63% Maharashtra State Govt-Maharashtra | SOV | 0.65 |
| 7.17% Central Government | SOV | 0.09 |
| GS CG 12 Apr 2026 - (STRIPS) | SOV | 0.02 |
| 7.84% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.02 |
| Government Dated Securities - Total | 27.78 | |
| Public Sector Undertakings | ||
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | CRISIL AAA | 8.05 |
| Power Finance Corporation Ltd. | CRISIL AAA | 4.92 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (^) | CRISIL AAA | 4.56 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | ICRA AAA | 3.57 |
| REC LTD | CRISIL AAA | 2.47 |
| Food Corporation of India | CRISIL AAA(CE) | 1.32 |
| REC LTD | ICRA AAA | 1.23 |
| DME DEVELOPMENT LIMITED (^) | CRISIL AAA | 0.75 |
| NUCLEAR POWER CORPORATION OF INDIA LTD. | ICRA AAA | 0.54 |
| Mahanagar Telephone Nigam Ltd. | CARE AA+(CE) | 0.34 |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | FITCH AAA | 0.28 |
| National Housing Bank | CRISIL AAA | 0.14 |
| Public Sector Undertakings - Total | 28.17 | |
| Corporate Debt/Financial Institutions | ||
| LIC HOUSING FINANCE LTD. (^) | CRISIL AAA | 5.90 |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) | CRISIL AAA | 5.55 |
| HDFC BANK LTD. | CRISIL AAA | 4.45 |
| BAJAJ FINANCE LTD. | CRISIL AAA | 3.09 |
| Mahindra & Mahindra Financial Services Ltd. | CRISIL AAA | 3.03 |
| TATA CAPITAL HOUSING FINANCE LTD. | CRISIL AAA | 2.12 |
| PIPELINE INFRASTRUCTURE LIMITED | CRISIL AAA | 1.78 |
| PTC SANSAR TRUST (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(SANSAR TRUST) | CRISIL AAA(SO) | 1.77 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 1.52 |
| HDB Financial Services Ltd. | CRISIL AAA | 1.41 |
| SMFG INDIA HOME FINANCE COMPANY LTD | CRISIL AAA | 1.41 |
| PTC INDIA UNIVERSAL TRUST AL1 (SERIES A3) 20/09/2030(INDIA UNIVERSAL TRUST AL1) | FITCH AAA(SO) | 1.40 |
| MINDSPACE BUSINESS PARKS REIT | CRISIL AAA | 1.06 |
| L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) | CRISIL AAA(CE) | 0.87 |
| SMFG INDIA CREDIT CO. LTD. | ICRA AAA | 0.71 |
| CAN FIN HOMES LTD. | ICRA AAA | 0.71 |
| INDIA GRID TRUST | CRISIL AAA | 0.67 |
| PTC INDIA UNIVERSAL TRUST AL2 (SERIES A3) 21/11/2030(INDIA UNIVERSAL TRUST AL2) | FITCH AAA(SO) | 0.66 |
| INDIA INFRADEBT LTD | CRISIL AAA | 0.53 |
| PTC SANSAR TRUST (SERIES A1) 20/01/2027 (MAT 20/11/2029)(SANSAR TRUST) | CRISIL AAA(SO) | 0.49 |
| TATA CAPITAL LTD. | CRISIL AAA | 0.43 |
| NOMURA FIXED INCOME SECURITIES PRIVATE LTD. | FITCH AAA | 0.36 |
| ICICI BANK LTD.(Basel III TIER II Bonds) | ICRA AAA | 0.35 |
| PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST) | CRISIL AAA(SO) | 0.21 |
| BAJAJ HOUSING FINANCE LTD. | CRISIL AAA | 0.18 |
| Corporate Debt/Financial Institutions - Total | 40.66 | |
| Triparty Repo | 0.22 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.24 |
| Alternative Investment Fund - Total | 0.24 | |
| Net Current Assets/(Liabilities) | 2.93 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 20,80,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on December 31, 2024 (₹) | 41,77,866 | 17,15,499 | 10,64,850 | 7,05,952 | 4,01,976 | 1,25,133 |
| Scheme Returns (%) | 7.53 | 6.95 | 6.67 | 6.44 | 7.29 | 8.02 |
| Nifty Corporate Bond Index A-II Returns (%) | 7.52 | 6.80 | 6.53 | 6.17 | 6.92 | 7.38 |
| Alpha* | 0.01 | 0.15 | 0.13 | 0.27 | 0.37 | 0.65 |
| Nifty Corporate Bond Index A-II (₹)# | 41,75,416 | 17,02,236 | 10,59,759 | 7,01,149 | 3,99,775 | 1,24,724 |
| CRISIL 10 Year Gilt Index (₹)^ | 37,79,755 | 16,54,078 | 10,52,024 | 7,00,616 | 4,07,240 | 1,25,801 |
| CRISIL 10 Year Gilt Index (%) | 6.49 | 6.25 | 6.33 | 6.14 | 8.17 | 9.08 |
Scheme Inception : - September 21, 2007. 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)
| Regular | Direct | |
| Growth | Rs3604.7990 | Rs3757.6135 |
| Monthly IDCW | Rs1174.3043 | Rs1073.9415 |
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. Manu Sharma |
| Benchmark | Nifty Corporate Bond Index A-II |
| Allotment date | September 21, 2007 |
| AAUM | Rs14,253.43 crs |
| AUM | Rs14,149.79 crs |
| Folio count | 27,823 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 4.99 yrs |
| Modified Duration | 3.30 yrs |
| Macaulay Duration | 3.48 yrs |
| Annualised YTM* | 7.47% |
| $Standard Deviation | 0.70% |
*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
• 1-1.5 year
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load: Nil. (applicable for all plans)
Total Expense Ratio**
| Regular Plan: | 0.67% |
| Direct Plan: | 0.34% |
Data as on 31st December, 2024 unless
otherwise specified.
Folio Count data as on 30th November 2024.
Folio Count data as on 30th November 2024.
Fund
Benchmark: Nifty Corporate Bond Index A-II
This product is suitable for investors who are seeking*:
- Regular Income over short term
- Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate 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 30 Nov 2024 is 1.40% 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'