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Kotak

Credit Risk Fund

NAV as on -
CAGR
Compound annual growth rate
since inception
Features
AUM
` 2051.99 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.

Performance as 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
Talwandi Sabo Power Ltd. ( Unconditional and Irrevocable Corporate Guarantee of Vedanta Ltd.) CRISIL AA(CE) 9.11 %
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(CE) 4.81 %
Future Lifestyle Fashions Ltd. CRISIL A+ 4.77 %
L & T Infrastructure Finance Company Ltd. CRISIL AAA 3.96 %
Bahadur Chand Investments Private Limited ICRA AA 3.65 %
Shriram Transport Finance Co Ltd. CRISIL AA+ 3.06 %
Vizag General Cargo Berth Pvt. Ltd. ( backed by unconditional and irrevocable guarantee of Vedanta Ltd ) CRISIL AA(CE) 2.41 %
Reliance Industries Ltd. CRISIL AAA 2.38 %
Muthoot Finance Ltd. CRISIL AA 2.04 %
Nayara Energy Limited CARE AA 1.99 %
Aarish Solar Power Ltd. # CARE AA-(CE) 0.61 %
Aashman Energy Pvt. Ltd. # CARE AA-(CE) 0.61 %
Divyesh Power Pvt. Ltd. # CARE AA-(CE) 0.61 %
Elena Renewable Energy Pvt. Ltd. # CARE AA-(CE) 0.61 %
Pratyash Renewable Pvt. Ltd. # CARE AA-(CE) 0.61 %
SEI Baskara Power Pvt. Ltd. # CARE AA-(CE) 0.61 %
SEI Enerstar Renewable Energy Pvt. Ltd. # CARE AA-(CE) 0.61 %
SEI Mihir Energy Pvt. Ltd. # CARE AA-(CE) 0.61 %
Shreyas Renwable Energy Pvt. Ltd. # CARE AA-(CE) 0.61 %
Zuvan Energy Pvt. Ltd. # CARE AA-(CE) 0.61 %
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 0.5 %
Fullerton India Credit Co. Ltd. CRISIL AAA 0.17 %
HDFC Ltd. CRISIL AAA 0.07 %
Shriram City Union Finance Ltd. CARE AA+ 0.05 %
LIC Housing Finance Ltd. CRISIL AAA 0.04 %
JM Financial Credit Solutions Ltd. ICRA AA 0.01 %
Corporate Debt/Financial Institutions - Total 45.12 %
Public Sector Undertakings
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 11.88 %
Power Finance Corporation Ltd.(^) CRISIL AAA 11.66 %
Union Bank of India (AT1 bonds) CARE A+ 9.89 %
Punjab & Sind Bank (AT1 bonds) ICRA A- 6.67 %
Rural Electrification Corporation Ltd. CRISIL AAA 1.26 %
National Highways Authority Of India CRISIL AAA 0.25 %
Punjab National Bank CRISIL A+ 0.25 %
Small Industries Development Bank Of India CARE AAA 0.25 %
National Bank for Agriculture & Rural Development CRISIL AAA 0.14 %
PNB Housing Finance Ltd. FITCH IND AA 0.1 %
Public Sector Undertakings - Total 42.35 %
Government Dated Securities
8.36% State Government-Madhya Pradesh SOV 5.04 %
Government Dated Securities - Total 5.04 %
Triparty Repo 4.87 %
Net Current Assets/(Liabilities) 2.62 %
Detail holdings

Market Capitalisation

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Fund Vs Benchmark Returns as on

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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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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.

Click here to know the return of SIP investment made since inception

If you had invested
` every month from to

Total Amount invested `- Value of Investment `- i.e. - CAGR

Kotak Credit Risk FundVS

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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.

Systematic Investment Plan

Monthly SIP of `100000 Since Inception 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1,220,000 840,000 600,000 370,000 120,000
Total Value as on 05-Jul-2020 (Rs) 1,852,105.32 1,097,197.19 714,163.24 409,430.82 123,045.13
Scheme Returns (%) 8.06 7.65 7.09 6.81 5.46
NIFTY Credit Risk Bond Index (Rs)# 82,985.64 82,985.64 82,985.64 82,985.64 82,985.64
NIFTY Credit Risk Bond Index Returns (%) 12.8 12.8 12.8 12.8 12.8
Alpha* - 4.74 - 5.14 - 5.7 - 5.99 - 7.34
Crisil 1 Yr T-Bill Index (Rs)## 1,774,166.25 1,082,259.46 715,539.01 401,353.56 124,191.34
Crisil 1 Yr T-Bill Index Returns (%) 7.24 7.26 7.17 7.53 7.55

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

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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 : `2051.99 Cr

  • AAUM : `2199.38 Cr

Key ratiosas on 31 May, 2020

Portfolio turnover ratio NA
$Standard Deviation 4.2%
$Beta NA
$Sharpe Ratio ## NA
Modified duration 1.92 yrs
Average maturity 2.73
Yield to maturity 9.95
Tracking Error NA
Expense Ratio (Direct) ** 0.76%
Expense Ratio (Regular) ** 1.8%
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.