| KOTAK MEDIUM TERM FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years
| KOTAK MEDIUM TERM FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years
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Investment Objective
The investment objective of the scheme is to
generate regular income and capital
appreciation by investing in a portfolio of
medium term debt and money market
instruments. 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 regular income and capital
appreciation by investing in a portfolio of
medium term debt and money market
instruments. 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 | 2.03 | |
| Embassy Office Parks REIT | Unrated | 1.23 |
| Brookfield India Real Estate Trust | Unrated | 0.80 |
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 5.63% Central Government | SOV | 8.26 |
| 8.03% State Government-Uttar Pradesh | SOV | 4.66 |
| 4.62% Central Government | SOV | 4.55 |
| 4.59% Central Government(^) | SOV | 3.34 |
| 7.59% Central Government | SOV | 2.84 |
| 8.14% State Government-Gujarat | SOV | 2.70 |
| 7.17% Central Government | SOV | 1.75 |
| 6.97% State Government-Maharashtra | SOV | 1.02 |
| 8.19% State Government-Karnataka | SOV | 0.90 |
| 7.86% State Government-Karnataka | SOV | 0.89 |
| 7.15% State Government-Karnataka | SOV | 0.86 |
| 6.22% State Government-Kerala | SOV | 0.83 |
| 6.44% State Government-Gujarat | SOV | 0.66 |
| 1.44% Central Government | SOV | 0.62 |
| 6.53% State Government-Tamil Nadu | SOV | 0.42 |
| Government Dated Securities - Total | 34.30 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd.(^) | CRISIL AAA | 5.99 |
| Punjab & Sind Bank(Basel III TIER I Bonds) | ICRA A- | 4.56 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 3.09 |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 2.86 |
| Rural Electrification Corporation Ltd.(^) | CRISIL AAA | 2.72 |
| National Highways Authority Of India(^) | CRISIL AAA | 2.67 |
| Punjab National Bank(Basel III TIER I Bonds)(^) | CARE AA- | 2.34 |
| Indian Railway Finance Corporation Ltd. | CRISIL AAA | 1.83 |
| State Bank Of India.(Basel III TIER II Bonds) | CRISIL AAA | 1.65 |
| Food Corporation of India (^) | CRISIL AAA(CE) | 0.87 |
| Punjab National Bank(Basel III TIER II Bonds) | CRISIL AA+ | 0.83 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 0.82 |
| National Highways Authority Of India | CRISIL AAA | 0.73 |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.50 |
| Canara Bank (Basel III TIER I Bonds) | CRISIL AA | 0.33 |
| National Bank for Agriculture & Rural Development | ICRA AAA | 0.12 |
| Steel Authority of India Ltd. | CARE AA- | 0.02 |
| Public Sector Undertakings - Total | 31.93 | |
| Corporate Debt/Financial Institutions | ||
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 4.09 |
| HDFC Bank Ltd.(^) | CRISIL AAA | 3.31 |
| HDFC Ltd.(^) | CRISIL AAA | 2.97 |
| Muthoot Finance Ltd. | CRISIL AA+ | 2.91 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 1.79 |
| Nuvoco Vistas Corporation Ltd. | CRISIL AA | 1.68 |
| Embassy Office Parks Reit | CRISIL AAA | 1.67 |
| India Grid Trust | CRISIL AAA | 1.66 |
| Oberoi Realty Limited | CARE AA+ | 0.85 |
| Kotak Mahindra Prime Ltd. | CRISIL AAA | 0.67 |
| Zuvan Energy Pvt. Ltd. # | CARE AA(CE) | 0.14 |
| The Indian Hotels Company Ltd. | CARE AA | 0.10 |
| Muthoot Finance Ltd. | CRISIL AA+ | 0.02 |
| Corporate Debt/Financial Institutions - Total | 21.86 | |
| Triparty Repo | 5.16 | |
| Net Current Assets/(Liabilities)^^ | 4.72 | |
| 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 Rs 10000 | Since Inception | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 9,10,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Sep 30, 2021 (Rs) | 12,07,342 | 10,84,089 | 7,13,051 | 4,01,689 | 1,24,442 |
| Scheme Returns (%) | 7.32 | 7.18 | 6.84 | 7.25 | 6.96 |
| Nifty Medium Duration Index Returns (%) | 8.61 | 8.55 | 8.62 | 9.05 | 6.55 |
| Alpha | -1.29 | -1.37 | -1.78 | -1.80 | 0.41 |
| Nifty Medium Duration Index (Rs)# | 12,69,184 | 11,38,553 | 7,45,490 | 4,12,512 | 1,24,182 |
| CRISIL 10 Year Gilt Index (Rs)^ | 11,94,815 | 10,71,753 | 7,07,211 | 3,95,782 | 1,21,914 |
| CRISIL 10 Year Gilt Index Returns (%) | 7.06 | 6.85 | 6.52 | 6.26 | 2.98 |
Scheme Inception : -March 21, 2014. 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 | Rs18.0596 |
| Direct Growth Option | Rs19.3309 |
| Quarterly-Reg-Plan-IDCW | Rs10.7114 |
| Quarterly-Dir-Plan-IDCW | Rs10.9385 |
| Annual-Reg-Plan-IDCW | Rs11.0248 |
| Annual-Dir-Plan-IDCW | Rs19.2109 |
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 Medium Duration Debt Index |
| Allotment date | March 21, 2014 |
| AAUM | Rs2,767.15 crs |
| AUM | Rs3,023.25 crs |
| Folio count | 12,858 |
IDCW Frequency
At discretion of trustees
Ratios
| Portfolio Average Maturity | 5.54 yrs |
| IRS Average Maturity* | -0.17 yrs |
| Net Average Maturity | 5.37 yrs |
| Portfolio Modified Duration | 3.45 yrs |
| IRS Modified Duration* | -0.16 yrs |
| Net Modified Duration | 3.28 yrs |
| Portfolio Macaulay Duration | 3.63 yrs |
| IRS Macaulay Duration* | -0.17 yrs |
| Net Macaulay Duration | 3.46 yrs |
| YTM | 6.16% |
| $Standard Deviation | 2.51% |
Minimum Investment Amount
Initial Purchase:Rs
5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Purchase: Rs1000 & in multiples of
Rs1.for purchases and for Rs0.01 for switches.
Ideal Investment Horizon: 2.5 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
*Exit Load: a) For redemption / switch out of
upto 3% of the initial investment amount
(limit) purchased or switched in within 6
months from the date of allotment: Nil
b) If units redeemed or switched out are in
excess of the limit within 6 months from
the date of allotment: 1%
c) If units are redeemed or switched out on
or after 6 months from the date of
allotment: NIL
*WEF from September 01, 2021 exit load
will be NIL.
Total Expense Ratio**
Regular: 1.59%; Direct: 0.55%
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, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 years
* 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 19.01% 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'