| KOTAK CORPORATE BOND FUND
An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
| KOTAK CORPORATE BOND FUND
An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds

  

  
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 Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Government Dated Securities
7.59% Central Government SOV 7.03
4.62% Central Government(^) SOV 6.71
8.79% Central Government SOV 1.91
7.52% State Government(^)-Tamil Nadu SOV 1.51
4.59% Central Government SOV 1.20
6.97% State Government(^)-Karnataka SOV 0.98
3.51% Central Government SOV 0.89
8.08% State Government-Karnataka SOV 0.72
8.14% State Government-Gujarat SOV 0.52
5.63% Central Government SOV 0.47
6.48% State Government-Karnataka SOV 0.42
7.62% State Government-Tamil Nadu SOV 0.35
8.15% Central Government SOV 0.30
7.86% State Government-Karnataka SOV 0.26
7.18% State Government-Tamil Nadu SOV 0.25
8.45% State Government-Punjab SOV 0.01
Government Dated Securities - Total 23.53
Public Sector Undertakings
National Bank for Agriculture & Rural Development (^) ICRA AAA 6.43
Power Finance Corporation Ltd. CRISIL AAA 5.15
National Bank for Agriculture & Rural Development(^) CRISIL AAA 3.56
Power Finance Corporation Ltd.(^) CRISIL AAA 3.43
Rural Electrification Corporation Ltd. (^) CRISIL AAA 3.38
Food Corporation of India CRISIL AAA(CE) 2.77
Rural Electrification Corporation Ltd.(^) CRISIL AAA 2.09
State Bank Of India.(Basel III TIER II Bonds)(^) CRISIL AAA 1.66
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 1.03
Mangalore Refinery and Petrochemicals Ltd. (^) FITCH AAA(IND) 0.72
Small Industries Development Bank Of India ICRA AAA 0.15
Public Sector Undertakings - Total 30.37
Corporate Debt/Financial Institutions
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) ICRA AAA(CE) 5.07
HDB Financial Services Ltd. CRISIL AAA 4.25
LIC Housing Finance Ltd.(^) CRISIL AAA 3.01
Bajaj Finance Ltd. (^) CRISIL AAA 2.91
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 2.70
AXIS Bank Ltd.(^) CRISIL AAA 2.27
HDB Financial Services Ltd. CRISIL AAA 2.21
LIC Housing Finance Ltd. CARE AAA 1.91
Bajaj Housing Finance Ltd. (^) CRISIL AAA 1.90
Grasim Industries Ltd.(^) CRISIL AAA 1.89
Embassy Office Parks Reit CRISIL AAA 1.48
Tata Capital Financial Services Limited (^) ICRA AAA 1.44
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 1.06
Tata Capital Financial Services Limited ICRA AAA 0.99
Mindspace Business Parks REIT (^) CRISIL AAA 0.96
Kotak Mahindra Prime Ltd.(^) CRISIL AAA 0.96
HDFC Ltd. CRISIL AAA 0.86
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 0.60
Larsen and Toubro Ltd. CRISIL AAA 0.58
ICICI Bank Ltd.(Basel III TIER II Bonds)(^) ICRA AAA 0.49
Bajaj Finance Ltd. CRISIL AAA 0.49
Reliance Industries Ltd. CRISIL AAA 0.49
LIC Housing Finance Ltd. CRISIL AAA 0.49
Aditya Birla Finance Ltd. ICRA AAA 0.48
Sundaram Finance Ltd. ICRA AAA 0.48
Aditya Birla Finance Ltd. ICRA AAA 0.48
India Grid Trust CRISIL AAA 0.43
LIC Housing Finance Ltd. CARE AAA 0.24
Kotak Mahindra Bank Ltd. CRISIL AAA 0.15
HDFC Ltd. CRISIL AAA 0.05
Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) CRISIL AAA 0.04
Corporate Debt/Financial Institutions - Total 41.36
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
Small Industries Development Bank Of India CARE A1+ 0.94
Public Sector Undertakings - Total 0.94
Corporate Debt/Financial Institutions
Bajaj Housing Finance Ltd. CRISIL A1+ 0.93
Corporate Debt/Financial Institutions - Total 0.93
Triparty Repo 0.46
Net Current Assets/(Liabilities) 2.41
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) 16,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Sep 30, 2021 (Rs) 30,99,131 18,28,580 11,11,390 7,27,684 4,02,101 1,23,377
Scheme Returns (%) 8.16 8.17 7.87 7.66 7.32 5.28
CRISIL Corporate Bond Composite Index Returns (%) 9.09 8.95 8.66 8.59 9.10 6.69
Alpha -0.93 -0.79 -0.78 -0.93 -1.78 -1.41
CRISIL Corporate Bond Composite Index (Rs)# 33,30,258 19,05,811 11,42,827 7,44,800 4,12,795 1,24,268
CRISIL 10 Year Gilt Index (Rs)^ 28,05,421 17,35,596 10,71,753 7,07,211 3,95,782 1,21,914
CRISIL 10 Year Gilt Index (%) 6.87 7.17 6.85 6.52 6.26 2.98

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. # Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return.
NAV
Regular Plan-Growth OptionRs2,987.2842
Direct Plan- Growth OptionRs3,079.2784
Monthly-Reg-Plan-IDCW Rs1,047.1866
Monthly-Dir-Plan-IDCW Rs1,084.1296

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*
BenchmarkCRISIL Corporate Bond Composite Index
Allotment dateSeptember 21, 2007
AAUMRs10,552.12 crs
AUMRs10,540.78 crs
Folio count38,101

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity3.32 yrs
IRS Average Maturity*-0.44 yrs
Net Average Maturity2.88 yrs
Portfolio Modified Duration1.83 yrs
IRS Modified Duration*-0.41 yrs
Net Modified Duration1.42 yrs
Portfolio Macaulay Duration1.91 yrs
IRS Macaulay Duration*-0.42 yrs
Net Macaulay Duration1.50 yrs
YTM5.04%
$Standard Deviation1.49%

*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: 1-1.5 year


Load Structure

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


Total Expense Ratio**

Regular: 0.66%; Direct: 0.32%


Data as on September 30, 2021

Fund


Benchmark


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 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 30 Sep 2021 is 29.93% 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'