| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.
| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.
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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 predominantly in AA+ and above
rated corporate securities. The scheme
would also seek to maintain reasonable
liquidity within the fund. 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 income by investing in debt /and
money market securities across the yield
curve and predominantly in AA+ and above
rated corporate securities. The scheme
would also seek to maintain reasonable
liquidity within the fund. 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 | ||
| 8.51% Central Government(^) | SOV | 7.37 |
| 7.38% Central Government | SOV | 6.90 |
| 7.69% Central Government(^) | SOV | 1.95 |
| 7.26% Central Government | SOV | 0.39 |
| 6.97% Karnataka State Govt-Karnataka | SOV | 0.24 |
| GS CG 12 Apr 2024 - (STRIPS) | SOV | 0.04 |
| GS CG 12 Oct 2023 - (STRIPS) | SOV | 0.04 |
| GS CG 12 Oct 2025 - (STRIPS) | SOV | 0.03 |
| GS CG 12 Oct 2024 - (STRIPS) | SOV | 0.03 |
| GS CG 12 Apr 2026 - (STRIPS) | SOV | 0.03 |
| GS CG 12 Apr 2025 - (STRIPS) | SOV | 0.03 |
| 7.84% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.03 |
| Government Dated Securities - Total | 17.08 | |
| Public Sector Undertakings | ||
| Power Finance Corporation Ltd. | CRISIL AAA | 9.50 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 9.30 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 5.47 |
| Small Industries Development Bank Of India | ICRA AAA | 3.64 |
| State Bank Of India.(Basel III TIER II Bonds) | CRISIL AAA | 3.60 |
| Small Industries Development Bank Of India | CRISIL AAA | 2.74 |
| DME Development Limited | CRISIL AAA | 1.00 |
| Nuclear Power Corporation Of India Ltd. | ICRA AAA | 0.74 |
| Mangalore Refinery and Petrochemicals Ltd. | FITCH AAA(IND) | 0.71 |
| Public Sector Undertakings - Total | 36.70 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Ltd.(^) | CRISIL AAA | 8.51 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 3.96 |
| LIC Housing Finance Ltd. | CRISIL AAA | 3.90 |
| L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited. ) | CRISIL AAA(CE) | 3.82 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) | CRISIL AAA | 3.10 |
| Bajaj Finance Ltd. | CRISIL AAA | 2.69 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 2.41 |
| Bajaj Finance Ltd. | CRISIL AAA | 2.25 |
| Mindspace Business Parks REIT | CRISIL AAA | 1.46 |
| Embassy Office Parks REIT | CRISIL AAA | 1.43 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH AAA(IND) | 1.22 |
| LIC Housing Finance Ltd. | CRISIL AAA | 1.20 |
| Tata Capital Financial Services Limited | ICRA AAA | 0.98 |
| HDB Financial Services Ltd.(^) | CRISIL AAA | 0.98 |
| HDB Financial Services Ltd. | CRISIL AAA | 0.98 |
| John Deere Financial India Private Limited | CRISIL AAA | 0.71 |
| HDFC Ltd. | CRISIL AAA | 0.49 |
| ICICI Bank Ltd.(Basel III TIER II Bonds) | ICRA AAA | 0.48 |
| India Grid Trust | CRISIL AAA | 0.43 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH IND AAA | 0.24 |
| L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) | CRISIL AAA(CE) | 0.24 |
| Corporate Debt/Financial Institutions - Total | 41.48 | |
| Triparty Repo | 0.49 | |
| Net Current Assets/(Liabilities) | 4.25 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 18,80,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Apr 28, 2023 (₹) | 35,10,334 | 17,27,691 | 10,55,890 | 6,97,134 | 3,87,980 | 1,24,295 |
| Scheme Returns (%) | 7.53 | 7.10 | 6.45 | 5.96 | 4.96 | 6.83 |
| CRISIL Corporate Bond B-II Index Returns (%) | 8.14 | 7.67 | 7.14 | 6.78 | 5.67 | 7.34 |
| Alpha | -0.61 | -0.57 | -0.69 | -0.81 | -0.71 | -0.51 |
| CRISIL Corporate Bond B-II Index (₹)# | 37,00,361 | 17,80,057 | 10,81,965 | 7,11,427 | 3,92,123 | 1,24,614 |
| CRISIL Corporate Bond Composite Index Returns (%) | 8.27 | 7.59 | 6.91 | 6.66 | 5.21 | 7.73 |
| Alpha | -0.74 | -0.50 | -0.46 | -0.70 | -0.25 | -0.90 |
| CRISIL Corporate Bond Composite Index (₹)# | 37,44,066 | 17,73,046 | 10,73,396 | 7,09,359 | 3,89,426 | 1,24,856 |
| CRISIL 10 Year Gilt Index (₹)^ | 31,29,016 | 16,28,151 | 10,08,721 | 6,79,628 | 3,80,517 | 1,26,059 |
| CRISIL 10 Year Gilt Index (%) | 6.19 | 5.96 | 5.17 | 4.95 | 3.66 | 9.67 |
Scheme Inception : - September 21, 2007. 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. The SIP Performance is for Regular Plan – Growth Option. # Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return.
Alpha is difference of scheme return with benchmark return.
NAV
| Regular Plan-Growth Option | Rs3,193.3907 |
| Direct Plan- Growth Option | Rs3,310.3120 |
| Monthly-Reg-Plan-IDCW | Rs1,044.3532 |
| Monthly-Dir-Plan-IDCW | Rs1,077.6845 |
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,
Mr. Manu Sharma &
Mr. Vihag Mishra (Dedicated fund manager for investments in foreign securities) |
| Benchmark*** | CRISIL Corporate
Bond Fund B-II Index (Tier 1) CRISIL Corporate Bond Composite Index (Tier 2) |
| Allotment date | September 21, 2007 |
| AAUM | Rs9,989.57 crs |
| AUM | Rs10,245.21 crs |
| Folio count | 34,611 |
IDCW Frequency
Monthly (12th of every Month)
Ratios
| Portfolio Average Maturity | 3.74 yrs |
| IRS Average Maturity* | 0.20 yrs |
| Net Average Maturity | 3.94 yrs |
| Portfolio Modified Duration | 2.12 yrs |
| IRS Modified Duration* | 0.17 yrs |
| Net Modified Duration | 2.29 yrs |
| Portfolio Macaulay Duration | 2.26 yrs |
| IRS Macaulay Duration* | 0.17 yrs |
| Net Macaulay Duration | 2.44 yrs |
| Annualised YTM* | 7.69% |
| $Standard Deviation | 1.34% |
*Interest Rate Swap
*in case of semi annual YTM, it will be annualized.
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.
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 for purchase and for Rs0.01
for switches.
Ideal Investment Horizon: 1-1.5 year
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil. (applicable for all plans)
Total Expense Ratio**
Regular: 0.67%; Direct: 0.33%
Data as on April 30, 2023
Fund
Benchmark
Benchmark
This product is suitable for investors who are seeking*:
- Regular Income over short term
- Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate bonds.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
The above risk-o—meter is based on the scheme portfolio as on 30th April, 2023. An addendum may be issued or updated on the website for new riskometer.
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 30 Apr 2023 is 6.35% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST
***As per SEBI circular no. SEBI/HO/IMD/IMD-11 DF3/P/CIR/2021 /652 dated October 27, 2021; AMFI letter no. 35P/MEM-COR/70/2021-22 dated November 25, 2021 and AMFI letter no. 35P/ MEM-COR/ 131 / 2021-22 dated March 31, 2022 with effect from April 01, 2022 ("Effective date"), the first tier benchmark index of the scheme. Existing benchmark will be Second Tier benchmark for aforementioned scheme.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'