| KOTAK CREDIT RISK FUND
An open-ended debt scheme predominantly investing in aa and below rated corporate bonds (excluding AA+ rated corporate bonds)
An open-ended debt scheme predominantly investing in aa and below rated corporate bonds (excluding AA+ rated corporate bonds)
| KOTAK CREDIT RISK FUND
An open-ended debt scheme predominantly investing in aa and below rated corporate bonds (excluding AA+ rated corporate bonds)
*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 30 Sep 2021 is 27.49% 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 debt scheme predominantly investing in aa and below rated corporate bonds (excluding AA+ rated corporate bonds)
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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 rated and
below corporate securities. The scheme
would also seek to maintain reasonable
liquidity within the fund. There is no
assurance that the investment objective of
the Schemes will be realised.
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 rated and
below corporate securities. The scheme
would also seek to maintain reasonable
liquidity within the fund. There is no
assurance that the investment objective of
the Schemes will be realised.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Mutual Fund Units | ||
| Mutual Fund Units - Total | 2.08 | |
| Embassy Office Parks REIT | Construction | 1.17 |
| Brookfield India Real Estate Trust | Construction | 0.91 |
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 4.62% Central Government | SOV | 4.75 |
| 7.20% State Government-Karnataka | SOV | 2.88 |
| 6.12% State Government-Karnataka | SOV | 2.74 |
| 6.57% State Government-Gujarat | SOV | 1.65 |
| 6.97% State Government-Maharashtra | SOV | 1.13 |
| Government Dated Securities - Total | 13.15 | |
| Public Sector Undertakings | ||
| Punjab & Sind Bank(Basel III TIER I Bonds) | ICRA A- | 6.42 |
| Power Finance Corporation Ltd.(^) | CRISIL AAA | 4.66 |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 4.50 |
| Union Bank of India(Basel III TIER I Bonds)(^) | CARE AA- | 3.69 |
| THDC India Ltd. (THDCIL) | FITCH AA(IND) | 2.22 |
| THDC India Ltd. (THDCIL)(^) | CARE AA | 1.42 |
| Punjab National Bank(Basel III TIER II Bonds)(^) | CRISIL AA+ | 0.29 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 0.16 |
| Public Sector Undertakings - Total | 23.36 | |
| Corporate Debt/Financial Institutions | ||
| Telesonic Networks Limited | CRISIL AA+ | 8.01 |
| Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^) | CARE AA(CE) | 6.34 |
| Bajaj Housing Finance Ltd. (^) | CRISIL AAA | 5.52 |
| Bahadur Chand Investments Private Limited | ICRA AA | 4.13 |
| Godrej Industries Ltd | CRISIL AA | 3.35 |
| HDFC Ltd.(^) | CRISIL AAA | 2.96 |
| Godrej Properties Limited(^) | ICRA AA | 2.83 |
| Nuvoco Vistas Corporation Ltd. (^) | CRISIL AA | 2.79 |
| Tata Projects Ltd. | FITCH IND AA | 2.77 |
| Godrej Industries Ltd | CRISIL AA | 2.54 |
| Muthoot Finance Ltd.(^) | CRISIL AA+ | 2.18 |
| Manappuram Finance Ltd. | CRISIL AA | 1.67 |
| Tata Power Company Ltd. | FITCH IND AA | 1.62 |
| Tata Steel Ltd. | BRICKWORK BWR AA+ | 1.50 |
| Muthoot Finance Ltd. (^) | CRISIL AA+ | 0.84 |
| Dalmia Cement (Bharat) Ltd | ICRA AA+ | 0.72 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) | CRISIL AAA | 0.58 |
| SEI Enerstar Renewable Energy Pvt. Ltd. # | CARE AA(CE) | 0.43 |
| Elena Renewable Energy Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| Pratyash Renewable Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| Divyesh Power Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| SEI Baskara Power Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| Zuvan Energy Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| Shreyas Renwable Energy Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| Aashman Energy Pvt. Ltd. # | CARE AA(CE) | 0.17 |
| Aarish Solar Power Ltd. # | CARE AA(CE) | 0.17 |
| Shriram City Union Finance Ltd. | CARE AA | 0.07 |
| LIC Housing Finance Ltd. | CRISIL AAA | 0.05 |
| Corporate Debt/Financial Institutions - Total | 52.26 | |
| Triparty Repo | 4.53 | |
| Net Current Assets/(Liabilities)^^ | 4.62 | |
| Grand Total | 100.00 | |
# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 13,70,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Sep 30, 2021 (Rs) | 21,91,778 | 17,93,725 | 10,89,297 | 7,15,384 | 4,00,518 | 1,24,310 |
| Scheme Returns (%) | 7.92 | 7.80 | 7.31 | 6.97 | 7.06 | 6.75 |
| NIFTY Credit Risk Bond Index Returns (%) | 9.37 | 9.33 | 9.11 | 9.20 | 9.89 | 9.25 |
| Alpha* | -1.44 | -1.53 | -1.80 | -2.23 | -2.83 | -2.50 |
| NIFTY Credit Risk Bond Index (Rs)# | 23,93,925 | 19,43,973 | 11,61,612 | 7,56,357 | 4,17,578 | 1,25,885 |
| CRISIL 10 Year Gilt Index (Rs)^ | 20,79,585 | 17,35,596 | 10,71,753 | 7,07,211 | 3,95,782 | 1,21,914 |
| CRISIL 10 Year Gilt Index (%) | 7.06 | 7.17 | 6.85 | 6.52 | 6.26 | 2.98 |
Scheme Inception : - May 11, 2010. 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 | Rs24.2040 |
| Direct Growth Option | Rs26.2685 |
| Weekly-Reg-Plan-IDCW | Rs10.0846 |
| Weekly-Dir-Plan-IDCW | Rs10.4393 |
| Monthly-Reg-Plan-IDCW | Rs10.9007 |
| Monthly-Dir-Plan-IDCW | Rs10.6242 |
| Quarterly-Reg-Plan-IDCW | Rs11.5359 |
| Quarterly Dir-Plan-IDCW | Rs10.5550 |
| Annual-Reg-Plan-IDCW | Rs10.5260 |
| Annual-Dir-Plan-IDCW | Rs19.7302 |
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* |
| Benchmark | Nifty Credit Risk Bond Index |
| Allotment date | May 11, 2010 |
| AAUM | Rs1,791.34 crs |
| AUM | Rs1,817.53 crs |
| Folio count | 15,067 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 3.90 yrs |
| IRS Average Maturity* | -0.37 yrs |
| Net Average Maturity | 3.53 yrs |
| Portfolio Modified Duration | 2.46 yrs |
| IRS Modified Duration* | -0.35 yrs |
| Net Modified Duration | 2.12 yrs |
| Portfolio Macaulay Duration | 2.62 yrs |
| IRS Macaulay Duration* | -0.36 yrs |
| Net Macaulay Duration | 2.27 yrs |
| YTM | 6.14% |
| $Standard Deviation | 1.17% |
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
Ideal Investments Horizon: 3 year & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: a) For redemption / switch out of
upto 6% of the initial investment amount
(limit) purchased or switched in within 1
year from the date of allotment: Nil.
b) If units redeemed or switched out are in
excess of the limit within 1 year from the
date of allotment: 1%
c) If units are redeemed or switched out on
or after 1 year from the date of allotment:
NIL
Total Expense Ratio**
Regular: 1.72%; Direct: 0.74%
Data as on September 30, 2021
Fund
Benchmark
This product is suitable for investors who are seeking*:
- Income over a medium term investment horizon
- Investment predominantly in in AA and below rated corporate bonds (Excluding AA+ 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 27.49% 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'