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Kotak Monthly Income Plan is an open ended income fund. Monthly income is not assured and is subject to availability of distributable surplus. The investment objective of the scheme is to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments. 

 

Scheme Facts

Structure
An Open Ended Income Scheme
AUM*
₹ 228.49 Cr.
AAUM*
₹ 222.11 Cr.
Fund managers
Mr. Devender Singhal & Mr. Abhishek Bisen
Conversion Date
2nd December 2003
Benchmark
CRISIL MIP Blended Index

Load structure

Entry load
Nil
Exit load
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.
If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment : 1%.
If units are redeemed or switched out on or after 1 year from the date of allotment: Nil.

Other details

Min. Initial Inv.
` 10,000/-
Additional Inv.
` 1000 & in multiples of ` 1
Standard Deviation ^
5.61 %
YTM^
7.5 %
Portfolio Modified Duration^
4.50 Yrs
Average maturity^
6.78 Yrs

Expense Ratio

KOTAK MONTHLY INCOME PLAN - 2.31%
KOTAK MONTHLY INCOME PLAN-DIRECT - 1.81%

Service tax on management Fees & B15 TER not included

 

Top 10 Companies As on 28/02/2017

1.90%ITC Ltd.(Consumer Non Durables)
1.04%Tata Motors Ltd.(Auto)
1.00%Bata India Ltd.(Consumer Durables)
0.94%Sun TV Limited.(Media and Entertainment)
0.93%Infosys Ltd.(Software)
0.93%IFB Industries Ltd.(Consumer Durables)
0.84%Tata Communications Ltd(Telecom - Services)
0.83%Bombay Burmah Trading Corporation Ltd.(Consumer Non Durables)
0.80%ICICI Bank Ltd.(Banks)
0.74%Tech Mahindra Ltd.(Software)
 

RATING PROFILE IN As on 28/02/2017

57.88%AAA, SOV
19.53%Equities
11.18%AA+, AA-
10.64%CBLO & Term Deposits & Rev.Repo
0.76%Net Current Assets
0.01%Derivatives
 

SUITABLE FOR INVESTORS WHO ARE SEEKING*

income & capital growth over a long term horizon


investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments


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

Sector Allocation As on 28/02/2017

55.59Government Dated Securities
19.53Equities
13.47Debentures and Bonds
10.64CBLO & Term Deposits & Rev.Repo
0.76Net Current Assets
0.01Derivatives

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Disclaimer

 

* for the quarter of  October - December 2016.  Source: ICRA MFI Explorer. 
*All data as on 28th February 2017.