| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months
| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months

  

  
Investment Objective
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, 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 returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, 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
8.79% Central Government SOV 15.83
3.51% Central Government SOV 4.60
8.20% Central Government SOV 3.20
8.44% State Government(^)-Uttar Pradesh SOV 0.42
8.39% State Government(^)-Rajasthan SOV 0.41
GS CG 22 Feb 2022 - (STRIPS) SOV 0.16
GS CG 22 Feb 2023 - (STRIPS) SOV 0.15
Government Dated Securities - Total 24.77
Public Sector Undertakings
National Bank for Agriculture & Rural Development (^) ICRA AAA 6.12
Rural Electrification Corporation Ltd.(^) CRISIL AAA 1.20
Power Finance Corporation Ltd. CRISIL AAA 0.54
National Bank for Agriculture & Rural Development CRISIL AAA 0.16
Food Corporation of India CRISIL AAA(CE) 0.02
Public Sector Undertakings - Total 8.04
Corporate Debt/Financial Institutions
Bajaj Finance Ltd.(^) CRISIL AAA 3.33
Cholamandalam Investment and Finance Company Ltd.(^) ICRA AA+ 2.37
Muthoot Finance Ltd.(^) CRISIL AA+ 1.61
Bharti Telecom Ltd. CRISIL AA+ 1.60
Shriram Transport Finance Co Ltd. FITCH IND AA+ 1.54
Tata Steel Ltd. BRICKWORK BWR AA+ 1.36
HDFC Ltd. CRISIL AAA 1.20
Aditya Birla Finance Ltd. ICRA AAA 0.80
Sundaram Home Finance Ltd CRISIL AA+ 0.79
Shriram City Union Finance Ltd. (^) CRISIL AA 0.79
Bajaj Housing Finance Ltd. (^) CRISIL AAA 0.79
Reliable Devices Trust ( Underlying customer Reliance Retail ) ICRA AAA(SO) 0.75
LIC Housing Finance Ltd.(^) CRISIL AAA 0.60
HDB Financial Services Ltd.(^) CRISIL AAA 0.41
Tata Capital Financial Services Limited ICRA AAA 0.31
Kotak Mahindra Prime Ltd. CRISIL AAA 0.20
Tata Projects Ltd. FITCH IND AA 0.16
Mahindra & Mahindra Financial Services Ltd. FITCH AAA(IND) 0.16
Corporate Debt/Financial Institutions - Total 18.77
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 09/12/2021 SOV 7.29
182 Days Treasury Bill 02/12/2021 SOV 4.50
91 Days Treasury Bill 02/12/2021 SOV 0.52
182 Days Treasury Bill 30/12/2021 SOV 0.20
Treasury Bills - Total 12.51
Public Sector Undertakings
Export-Import Bank of India CRISIL A1+ 4.65
Bharat Heavy Electricals Ltd. FITCH IND A1+ 0.98
Small Industries Development Bank Of India CARE A1+ 0.78
National Bank for Agriculture & Rural Development ICRA A1+ 0.78
Indian Oil Corporation Ltd. ICRA A1+ 0.39
Public Sector Undertakings - Total 7.58
Corporate Debt/Financial Institutions
Bharti Airtel Ltd. CRISIL A1+ 3.14
Bajaj Housing Finance Ltd. CRISIL A1+ 3.08
IndusInd Bank Ltd. CRISIL A1+ 2.73
HDFC Bank Ltd. CARE A1+ 2.32
HDFC Ltd. CRISIL A1+ 2.28
AXIS Bank Ltd. CRISIL A1+ 1.97
AXIS Finance Ltd. CRISIL A1+ 1.56
LIC Housing Finance Ltd. CRISIL A1+ 1.34
Sundaram Finance Ltd. CRISIL A1+ 1.17
Hero FinCorp Ltd. CRISIL A1+ 1.15
Cholamandalam Investment and Finance Company Ltd. CRISIL A1+ 0.96
Daimler Financial Services India CRISIL A1+ 0.78
Panatone Finvest Ltd. CRISIL A1+ 0.76
L & T Finance Ltd. CRISIL A1+ 0.76
Can Fin Homes Ltd. ICRA A1+ 0.76
Reliance Industries Ltd. CRISIL A1+ 0.39
Axis Securities Limited CRISIL A1+ 0.39
Standard Chartered Investment & Loan India Ltd. CRISIL A1+ 0.38
Corporate Debt/Financial Institutions - Total 25.92
Triparty Repo 1.23
Net Current Assets/(Liabilities) 1.18
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) 20,60,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Sep 30, 2021 (Rs) 40,84,037 17,17,536 10,51,464 6,95,066 3,88,301 1,22,125
Scheme Returns (%) 7.47 6.976.32 5.82 4.98 3.31
Nifty Ultra Short Duration Debt Index Returns (%) 7.79 7.14 6.49 6.00 5.03 4.00
Alpha -0.32 -0.17 -0.17 -0.18 -0.05 -0.69
Nifty Ultra Short Duration Debt Index (Rs)# 42,12,616 17,32,654 10,57,714 6,98,183 3,88,602 1,22,563
CRISIL 1 Year T-Bill Index (Rs)^ 36,79,478 16,75,540 10,43,897 6,94,497 3,89,207 1,22,435
CRISIL 1 Year T-Bill Index Returns (%) 6.38 6.50 6.12 5.79 5.14 3.80

Scheme Inception : - August 13, 2004. 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
Daily-Reg-Plan-IDCW Rs10.0798
Daily-Dir-Plan-IDCW Rs10.8025
Growth Option Rs34.2867
Direct Growth Option Rs35.3325
Monthly-Reg-Plan-IDCW Rs10.7223
Monthly-Dir-Plan-IDCW Rs15.9538
Weekly-Reg-Plan-IDCW Rs10.5871
Weekly-Dir-Plan-IDCW Rs10.8124

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*
BenchmarkNIFTY Ultra Short Duration Debt Index
Allotment dateAugust 13, 2004
AAUMRs13,874.63 crs
AUMRs 12,698.31 crs
Folio count44,478

IDCW Frequency

Daily, Monthly (12th of every Month) and Weekly (Every Monday)


Ratios
Portfolio Average Maturity0.56 yrs
IRS Average Maturity*-0.07 yrs
Net Average Maturity0.49 yrs
Portfolio Modified Duration0.41 yrs
IRS Modified Duration*-0.07 yrs
Net Modified Duration0.34 yrs
Portfolio Macaulay Duration0.42 yrs
IRS Macaulay Duration*-0.07 yrs
Net Macaulay Duration0.35 yrs
YTM3.94%
$Standard Deviation0.27%

*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:(i) Reinvestment of IDCW & Growth- Rs5000 & above (ii) Payout of IDCW (Weekly) - Rs1,00,00,000 & above
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 3-6 months


Load Structure

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


Total Expense Ratio**

Regular: 0.77%; Direct: 0.33%


Data as on September 30, 2021

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in debt & money market securities with portfolio Macaulay duration between 3 months & 6 months

* 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 9.06% 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'