| KOTAK DYNAMIC BOND FUND
An open-ended dynamic debt scheme investing across duration
An open-ended dynamic debt scheme investing across duration
| KOTAK DYNAMIC BOND FUND
An open-ended dynamic debt scheme investing across duration
*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*:
An open-ended dynamic debt scheme investing across duration
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Investment Objective
The investment objective of the Scheme is
to maximise returns through an active
management of a portfolio of debt and
money market securities. There is no
assurance or guarantee that the investment
objective of the scheme will be achieved.
The investment objective of the Scheme is
to maximise returns through an active
management of a portfolio of debt and
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 |
|---|---|---|
| Mutual Fund Units | ||
| Mutual Fund Units - Total | 2.01 | |
| Embassy Office Parks REIT | Construction | 1.09 |
| Brookfield India Real Estate Trust | Construction | 0.92 |
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 4.62% Central Government(^) | SOV | 15.56 |
| 5.63% Central Government(^) | SOV | 10.11 |
| 7.59% Central Government(^) | SOV | 8.15 |
| 6.1% Central Government(^) | SOV | 6.35 |
| 7.26% Central Government | SOV | 6.26 |
| 6.67% Central Government | SOV | 3.21 |
| 7.77% State Government(^)-Kerala | SOV | 1.81 |
| 7.17% Central Government(^) | SOV | 1.78 |
| 6.44% State Government(^)-Gujarat | SOV | 1.76 |
| 6.12% State Government(^)-Karnataka | SOV | 1.68 |
| 6.22% State Government(^)-Kerala | SOV | 1.68 |
| 4.59% Central Government | SOV | 1.15 |
| 7.25% State Government(^)-Gujarat | SOV | 0.89 |
| 7.18% State Government(^)-Tamil Nadu | SOV | 0.88 |
| 7.20% State Government-Maharashtra | SOV | 0.88 |
| 6.89% State Government(^)-Bihar | SOV | 0.86 |
| 1.44% Central Government | SOV | 0.64 |
| 7.23% State Government-Karnataka | SOV | 0.53 |
| 6.52% State Government-Karnataka | SOV | 0.52 |
| 6.46% State Government-Gujarat | SOV | 0.33 |
| 7.16% Central Government | SOV | 0.13 |
| 5.85% Central Government | SOV | 0.10 |
| 6.53% State Government-Tamil Nadu | SOV | 0.03 |
| 6.62% State Government-Uttar Pradesh | SOV | 0.01 |
| Government Dated Securities - Total | 65.30 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd.(^) | CRISIL AAA | 3.14 |
| Rural Electrification Corporation Ltd.(^) | CRISIL AAA | 2.82 |
| Bank Of Baroda(Basel III TIER I Bonds)(^) | CRISIL AA+ | 2.11 |
| Power Finance Corporation Ltd. | CRISIL AAA | 1.02 |
| National Highways Authority Of India (^) | CRISIL AAA | 0.92 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 0.87 |
| Union Bank of India(Basel III TIER I Bonds) | FITCH IND AA | 0.62 |
| National Highways Authority Of India(^) | CRISIL AAA | 0.54 |
| Indian Railway Finance Corporation Ltd.(^) | CRISIL AAA | 0.18 |
| Public Sector Undertakings - Total | 12.22 | |
| Corporate Debt/Financial Institutions | ||
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 3.83 |
| HDFC Ltd.(^) | CRISIL AAA | 2.77 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 1.82 |
| LIC Housing Finance Ltd. | CRISIL AAA | 0.14 |
| Corporate Debt/Financial Institutions - Total | 8.56 | |
| Triparty Repo | 4.53 | |
| Net Current Assets/(Liabilities) | 7.38 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 16,10,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Sep 30, 2021(Rs) | 29,94,949 | 18,92,245 | 11,40,338 | 7,40,474 | 4,07,301 | 1,23,721 |
| Scheme Returns (%) | 8.78 | 8.82 | 8.59 | 8.35 | 8.19 | 5.82 |
| Nifty Composite Debt Index Returns (%) | 8.49 | 8.61 | 8.42 | 8.45 | 8.78 | 6.15 |
| Alpha | 0.29 | 0.20 | 0.17 | -0.10 | -0.58 | -0.33 |
| Nifty Composite Debt Index (Rs)# | 29,31,046 | 18,72,089 | 11,33,419 | 7,42,363 | 4,10,825 | 1,23,930 |
| CRISIL 10 Year Gilt Index (Rs)^ | 26,08,784 | 17,35,596 | 10,71,753 | 7,07,211 | 3,95,782 | 1,21,914 |
| CRISIL 10 Year Gilt Index (%) | 6.89 | 7.17 | 6.85 | 6.52 | 6.26 | 2.98 |
Scheme Inception : - May 26, 2008. The returns are calculated by XIRR approach assuming investment of Rs 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 | Rs30.0325 |
| Direct Growth Option | Rs31.7313 |
| Quarterly-Reg-Plan-IDCW | Rs11.3146 |
| Quarterly-Dir-Plan-IDCW | Rs11.1367 |
| Monthly-Reg-Plan-IDCW | Rs21.9200 |
| Monthly-Dir-Plan-IDCW | Rs22.5602 |
| Fund Manager | Mr. Deepak Agrawal* |
| Benchmark | Nifty Composite Debt Index |
| Allotment date | May 26, 2008 |
| AAUM | Rs2,943.68 crs |
| AUM | Rs2,964.18 crs |
| Folio count | 28,816 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth
(applicable for all plans)
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 7.34 yrs |
| IRS Average Maturity* | -0.60 yrs |
| Net Average Maturity | 6.75 yrs |
| Portfolio Modified Duration | 3.74 yrs |
| IRS Modified Duration* | -0.54 yrs |
| Net Modified Duration | 3.20 yrs |
| Portfolio Macaulay Duration | 3.89 yrs |
| IRS Macaulay Duration* | -0.55 yrs |
| Net Macaulay Duration | 3.34 yrs |
| YTM | 5.68% |
| $Standard Deviation | 3.29% |
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 Investment Horizon: 2-3 years
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
Regular: 1.26%; Direct: 0.52%
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 in debt & money market securities across durations.
* 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 29.44% 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'
**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'