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Kotak

Credit Risk Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 4916.3 Cr.
Risk
Moderately Low

This open ended fund Scheme is suitable for investors seeking*

  1. Income over a medium term investment horizon.
  2. Investment predominantly in AA and below rated corporate bonds(Excluding AA+ rated corporate bonds).

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them

Fund Manager
Mr. Deepak Agarwal
Mr. Deepak's career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006. Mr. Deepak is a Post Graduate in Commerce, Chartered Account and Company Secretary.

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Let’s calculate your gain

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If you would have invested `

since inception, it would have become` - i.e. - %CAGR .

About Kotak Credit Risk Fund

  • The investment objective of Kotak Credit Risk is to generate income by investing in debt and money market securities across the yield curve and credit spectrum.
  • The scheme would also seek to maintain reasonable liquidity within the fund. The scheme invests in securities offering high accrual by taking on a marginally higher credit risk.
  • The fund manager may also seek to capitalize on opportunity of potential credit rating upgrades from time to time.
  • The scheme is suitable for investors with a time horizon of 15 months plus.

Performanceas on

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  Since
Inception
Last
5 Year
Last
3 Years
Last
1 Years

For performance in SEBI format please refer performance section.

Scheme Inception date is 11/05/2010. Mr. Deepak Agrawal has been managing the fund since 12/04/2010. Different plans have different expense structure. Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of investment made at inception.. Source: ICRA MFI Explorer. With Effect from 1st June 2018, the Benchmark is changed to CRISIL Composite AA Short Term Bond Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Composite AA Short Term Bond Index. Kotak Income Opportunities Fund is renamed as Kotak Credit Risk Fund with effect from 1st June 2018 The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Sector Allocation

Sector % of net asset

Stocks

Issuer / Instrument Industry / Rating Percentage of net asset
Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL AAA 4.81 %
JSW Techno Projects Management Ltd. ( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) BRICKWORK BWR A(SO) 4.35 %
Talwandi Sabo Power Ltd. ( Guaranteed by Vedanta Ltd.) CRISIL AA(SO) 3.93 %
Aasan Corporate Solutions Pvt. Ltd. ( Guaranteed by a Piramal Group of Company and Shree Krishna Trust ) ICRA AA-(SO) 3.76 %
Sarvoday Advisory Services Pvt. Ltd. ( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) BRICKWORK BWR A(SO) 3.51 %
LIC Housing Finance Ltd. CARE AAA 3.33 %
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(SO) 3.16 %
HPCL Mittal Energy Ltd. ICRA AA+ 2.5 %
IIFL Home Finance Ltd. ICRA AA 2.45 %
S D Corporation Pvt. Ltd. ( DSRA Guarantee from Shapoorji Pallonji and Company Private Limited) CARE AA(SO) 2.08 %
Adani Infra (India) Limited. ( Secured by shares of Adani Port, Adani Enterprises & Adani Transmissions ) BRICKWORK BWR AA-(SO) 2.03 %
Piramal Enterprises Ltd. ICRA AA 2.03 %
Nayara Energy Limited CARE AA 1.88 %
YES Bank Ltd. ICRA A 1.63 %
Prestige Estates Projects Limited ICRA A+ 1.53 %
Shriram Transport Finance Co Ltd. CRISIL AA+ 1.48 %
Bharti Telecom Ltd. CRISIL AA+ 1.35 %
Altico Capital India Pvt Ltd FITCH IND AA- 1.02 %
Future Lifestyle Fashions Ltd. CRISIL AA- 1 %
ECL Finance Ltd. BRICKWORK BWR AA 0.9 %
Asirvad Microfinance Private Limited ( 92% subsidiary of Manappuram Finance Ltd. ) CRISIL A+ 0.71 %
Dalmia Cement (Bharat) Ltd ICRA AA 0.68 %
Indiabulls Housing Finance Ltd. CARE AAA 0.61 %
Muthoot Finance Ltd. CRISIL AA 0.58 %
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 0.51 %
Ananta Landmarks Pvt Ltd. ( Kalpataru Group Company ) UNRATED 0.5 %
Konti Infrapower & Multiventures Pvt. Ltd. ( Secured by Equity shares of Zee Entertainment Enterprises Ltd ) BRICKWORK BWR BBB(SO) 0.38 %
Aarish Solar Power Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
Aashman Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
Divyesh Power Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
Elena Renewable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
Pratyash Renewable Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
SEI Baskara Power Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
SEI Enerstar Renewable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
SEI Mihir Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
Shreyas Renwable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
Zuvan Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.29 %
JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) CRISIL AAA 0.2 %
Reliance Jio Infocomm Ltd. CRISIL AAA 0.2 %
Bajaj Finance Ltd. CRISIL AAA 0.1 %
ECL Finance Ltd. CRISIL AA 0.1 %
Tata Steel Ltd. CARE AA 0.09 %
Fullerton India Credit Co. Ltd. CRISIL AAA 0.07 %
Gruh Finance Ltd. CRISIL AAA 0.07 %
LIC Housing Finance Ltd. CRISIL AAA 0.02 %
Shriram City Union Finance Ltd. CARE AA+ 0.02 %
Corporate Debt/Financial Institutions - Total 56.47 %
Public Sector Undertakings
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(SO) 8.82 %
Andhra Bank CARE A+ 5.1 %
Punjab & Sind Bank ICRA A+ 2.86 %
Power Finance Corporation Ltd. CRISIL AAA 2.4 %
Syndicate Bank CARE A+ 2.4 %
Union Bank of India CARE AA- 1.59 %
National Bank for Agriculture & Rural Development CRISIL AAA 1.27 %
U P Power Corporation Ltd ( Guaranteed By UP State Government ) FITCH IND AA(SO) 1.11 %
Punjab National Bank FITCH IND A+ 1.09 %
Rural Electrification Corporation Ltd. CRISIL AAA 1.04 %
Indian Railway Finance Corporation Ltd. CRISIL AAA 0.73 %
Union Bank of India FITCH IND AA 0.73 %
Andhra Bank CRISIL AA- 0.63 %
U P Power Corporation Ltd ( Guaranteed By UP State Government ) BRICKWORK BWR AA(SO) 0.5 %
PNB Housing Finance Ltd. FITCH IND AA+ 0.34 %
Konkan Railway Corporation Ltd. ICRA AAA(SO) 0.1 %
National Highways Authority Of India CRISIL AAA 0.1 %
Small Industries Development Bank Of India CARE AAA 0.1 %
United Bank Of India CRISIL A+ 0.1 %
Rural Electrification Corporation Ltd. FITCH IND AAA 0.04 %
Steel Authority of India Ltd. FITCH IND AA- 0.02 %
Public Sector Undertakings - Total 31.07 %
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Suraksha Realty Ltd. ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) CARE A1+(SO) 3.91 %
Piramal Enterprises Ltd. CRISIL A1+ 2.03 %
Suraksha Asset Reconstruction Pvt. Ltd. ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) CARE A1+(SO) 2 %
Corporate Debt/Financial Institutions - Total 7.94 %
Triparty Repo 2.81 %
Net Current Assets/(Liabilities) 1.71 %
Detail holdings

Market Capitalisation

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Fund Vs Benchmark Returns

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Trailing Returns Since
Inception

Scheme Inception date is 11/05/2010. Mr. Deepak Agrawal has been managing the fund since 12/04/2010. Different plans have different expense structure. Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of investment made at inception.. Source: ICRA MFI Explorer. With Effect from 1st June 2018, the Benchmark is changed to CRISIL Composite AA Short Term Bond Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Composite AA Short Term Bond Index. Kotak Income Opportunities Fund is renamed as Kotak Credit Risk Fund with effect from 1st June 2018 The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

As on -

See all funds managed by Mr. Deepak Agarwal

Click here to know the return of Lumpsuminvestment made since inception

If you had invested` as on would have grown to`- as of i.e. -

Kotak Credit Risk FundVS

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< p class="gaphParagraph"> Gold prices are available post 1st April, 2006 & are based on daily closing values on MCX. PPF interest rate is taken from (http://www.publicprovidentfund.com/) The Fixed deposit interest rate is based on RBI rate (https://rbi.org.in/) Scheme Return calculated on the basis of scheme NAV; Returns for PPF, FD, Gold are based on publicly available information.Source: AMFI website, PPF, RBI and MCX The above simulation is for illustration purpose only. While amount invested in traditional investment avenue has the highest safety for Principal invested, there is no assurance or guarantee of future performance of the scheme. Year-end balance has been arrived at by adding interest at the rates notified by the competent authorities from time to time. The comparison of Scheme Return vs PPF/FD/Gold has been given for the purpose of the general information only. Unlike other investment avenue referred above, investments in Mutual Funds are subject to market risks.Hence, the performances are not strictly comparable. Kotak Mahindra Asset Management Company Limited will not accept any liability/ responsibility/loss incurred on any investment decision taken on the basis of this information. Past performance may or may not be sustained in the future. Graph showing the number of times investment has increased/decreased in each asset class over the period.It should no way be construed as a recommendation or future outlook on the above mentioned stocks. Past performance of the scheme does not indicate the future performance of the schemes.

The above graph shows the movement of a specified amount vis-à-vis benchmark and additional benchmark in the specified time period(last business day of the selected month) chosen by the investor.

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In SEBI Format

CAGR since Inception 5 Year 3 Years 1 Years Current Value of`10,000
invested at inception

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days. Returns for investments in dividend plans of schemes are calculated after assuming that the net dividend payouts post statutory taxes & levies, are re-invested back in the scheme. Performance is always compared against the latest benchmark of the scheme irrespective of the date of change of scheme's benchmark, if any. Past performance of the scheme does not indicate the future performance of the schemes. As with any investment in securities, the NAV of the units issued under the schemes can go up or down depending on various factors and forces affecting capital markets. The data of the last working day has been considered for the calculation of performance. Scheme Inception date is 11/05/2010. Mr. Deepak Agrawal has been managing the fund since 12/04/2010. Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of investment made at inception.. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to CRISIL Composite AA Short Term Bond Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Composite AA Short Term Bond Index. Kotak Income Opportunities Fund is renamed as Kotak Credit Risk Fund with effect from 1st June 2018 The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

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Let’s calculate your Dividend

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If you would have invested `

since inception, you would have earned` -as Dividend

and your current value of investment` -

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Dividend History

SUBMIT
Download Excel
Record date Cumulative
dividend
nav
(`/ unit )

Dividends declared from benchmark's constituents isn't taken into account when comparing with investment in scheme's dividend plans.

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 credit spectrum. The scheme would also seek to maintain reasonable liquidity within the fund. However, there is no assurance that the objective of the scheme will be realized.

Benchmark : CRISIL Composite AA Short Term Bond Index

Allotment date : May 11, 2010

  • AUM : `4916.3 Cr

  • AAUM : `4924.21 Cr

Key ratiosas on 31 May, 2019

Portfolio turnover ratio NA
$Standard Deviation 1.27%
$Beta NA
$Sharpe Ratio ## NA
Modified duration 1.72 yrs
Average maturity 3.11
Yield to maturity 9.79
Tracking Error NA
Expense Ratio (Direct) ** 0.75%
Expense Ratio (Regular) ** 1.62%
Source: $ICRA MFI Explorer## Risk rate assumed to be NA (FBIL Overnight MIBOR rate as on NA)**Total Expense Ratio includes applicable B30 fee and GST.
Source: $ICRA MFI Explorer Standard Deviation is calculated on Annualised basis using 3 years history of the monthly returns.

This open ended fund Scheme is suitable for investors seeking

  1. Income over a medium term investment horizon.
  2. Investment predominantly in AA and below rated corporate bonds(Excluding AA+ rated corporate bonds).

    *Investors should consult their financial advisors if in doubt about whether the product is suitable for them

    Investment Style:

    maturityStyle

    Available Plans/Options

    A) Regular Plan B) Direct Plan

    Options: Dividend Payout, DividendReinvestment & Growth (applicable for allplans)

    Minimum Investment Amount

    Initial Investment:Rs.5000 and in multiple of Rs.1 for purchase and for Rs.0.01 for switches

    Additional Investment:Rs.1000 & in multiples of Rs.1

    Ideal Investments Horizon:1 Year and Above

    Load Structure

    Entry Load:NIL

    Exit Load:

    • I) For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil.

    • ii) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%.

    • iii) If units are redeemed or switched out on or after 1 year from the date of allotment: Nil.

    • iv) Any exit load charged (net off Goods and Service Tax, if any) shall be credited back to the respective Scheme. Units issued on reinvestment of dividends shall not be subject to entry and exit load.