| KOTAK BANKING AND PSU DEBT FUND
An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds
| KOTAK BANKING AND PSU DEBT FUND
An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds

  

  
Investment Objective
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government & State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.

To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government & State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that 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
6.79% Central Government SOV 3.46
4.29% Central Government SOV 2.16
4.70% Central Government SOV 1.76
7.59% Central Government SOV 1.62
6.22% State Government(^)-Kerala SOV 1.34
7.35% Central Government SOV 0.98
6.90% Central Government SOV 0.47
8.88% State Government-Haryana SOV 0.30
8.39% State Government-Rajasthan SOV 0.24
7.82% State Government(^)-Assam SOV 0.24
5.80% State Government-Rajasthan SOV 0.23
8.71% State Government-Uttar Pradesh SOV 0.12
8.74% State Government-Rajasthan SOV 0.10
8.65% State Government-Kerala SOV 0.10
6.46% State Government-Gujarat SOV 0.09
5.22% Central Government SOV 0.08
5.28% State Government-Bihar SOV 0.07
7.20% State Government-Maharashtra SOV 0.05
7.42% State Government-Maharashtra SOV 0.04
Government Dated Securities - Total 13.45
Public Sector Undertakings
Rural Electrification Corporation Ltd.(^) CRISIL AAA 8.84
Power Finance Corporation Ltd.(^) CRISIL AAA 7.92
State Bank Of India.(^) (Basel III TIER II Bonds) CRISIL AAA 5.70
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 4.80
National Bank for Agriculture & Rural Development(^) ICRA AAA 2.54
Union Bank of India (Basel III TIER I Bonds) FITCH IND AA 2.36
National Bank for Agriculture & Rural Development(^) CRISIL AAA 2.28
Bank Of Baroda (Basel III TIER II Bonds) FITCH IND AAA 2.08
Indian Bank(^) (Basel III TIER II Bonds) FITCH IND AA+ 1.65
National Bank for Agriculture & Rural Development ( ) (^) ICRA AAA 1.59
Food Corporation of India(^) CRISIL AAA(CE) 1.53
National Highways Authority Of India(^) CRISIL AAA 1.43
Power Finance Corporation Ltd. ( ) CRISIL AAA 1.37
Canara Bank ( ) (^) (Basel III TIER I Bonds) CRISIL AA 1.37
Union Bank of India (Basel III TIER I Bonds) CARE AA- 1.31
Punjab National Bank (Basel III TIER II Bonds) CRISIL AA+ 1.14
Power Grid Corporation of India Ltd.(^) CRISIL AAA 1.05
Bank Of Baroda ( ) (Basel III TIER I Bonds) CRISIL AA+ 0.95
Canara Bank(^) (Basel III TIER II Bonds) FITCH IND AAA 0.94
Rural Electrification Corporation Ltd. ( ) (^) CRISIL AAA 0.90
National Highways Authority Of India ( ) (^) CRISIL AAA 0.58
State Bank Of India. (Basel III TIER I Bonds) CRISIL AA+ 0.56
Bank Of Baroda (Basel III TIER I Bonds) CRISIL AA+ 0.53
Hindustan Petroleum Corporation Ltd. CRISIL AAA 0.48
Mangalore Refinery and Petrochemicals Ltd. ( ) FITCH AAA(IND) 0.46
Export-Import Bank of India(^) CRISIL AAA 0.46
Indian Bank ( ) (Basel III TIER I Bonds) CRISIL AA 0.41
Small Industries Development Bank Of India ICRA AAA 0.30
Bank Of Baroda (Basel III TIER I Bonds) CARE AA 0.23
Punjab National Bank ( ) (Basel III TIER II Bonds) CRISIL AA+ 0.14
Bank Of Baroda (Basel III TIER II Bonds) FITCH AAA(IND) 0.12
U P Power Corporation Ltd ( Guaranteed By UP State Government ) FITCH IND AA(CE) 0.07
Public Sector Undertakings - Total 56.09
Corporate Debt/Financial Institutions
AXIS Bank Ltd.(^) CRISIL AAA 2.58
ICICI Bank Ltd. (Basel III TIER I Bonds) CARE AA+ 0.95
ICICI Bank Ltd. (Basel III TIER I Bonds) ICRA AA+ 0.43
ICICI Bank Ltd. (Basel III TIER I Bonds) CRISIL AA+ 0.11
Corporate Debt/Financial Institutions - Total 4.07
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 03/06/2021 SOV 3.18
91 Days Treasury Bill 01/04/2021 SOV 1.67
364 Days Treasury Bill 29/04/2021 SOV 0.09
Treasury Bills - Total 4.94
Public Sector Undertakings
Export-Import Bank of India CRISIL A1+ 5.04
National Bank for Agriculture & Rural Development ICRA A1+ 1.82
National Bank for Agriculture & Rural Development CRISIL A1+ 0.46
Export-Import Bank of India CRISIL AAA 0.46
Bank Of Baroda CRISIL A1+ 0.46
Public Sector Undertakings - Total 8.24
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 3.41
Corporate Debt/Financial Institutions - Total 3.41
Triparty Repo 7.78
Net Current Assets/(Liabilities) 2.02
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) 26,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Feb 26, 2021 (Rs) 66,22,580 18,63,446 11,31,602 7,40,532 4,10,505 1,23,411
Scheme Returns (%) 7.46 8.54 8.40 8.38 8.77 5.42
CRISIL Banking and PSU Debt Index Returns (%) NA 8.73 8.40 8.17 8.34 4.61
Alpha NA -0.19 0.00 0.21 0.43 0.81
CRISIL Banking and PSU Debt Index (Rs)# NA 18,82,068 11,31,588 7,36,692 4,07,918 1,22,906
CRISIL 10 Year Gilt Index (Rs)^ NA 17,50,734 10,89,040 7,12,826 4,03,787 1,20,790
CRISIL 10 Year Gilt Index (%) NA 7.35 7.32 6.85 7.64 1.25

Scheme Inception : - December 29, 1998. 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
Growth Option Rs50.0567
Direct Growth Option Rs51.2404
Monthly DividendRs10.3992
Direct Monthly DividendRs10.3639

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans)


Fund Manager Mr. Deepak Agrawal*
BenchmarkCRISIL Banking and PSU Debt Index
Allotment dateDecember 29,1998
AAUMRs11,056.20 crs
AUMRs10,841.11 crs
Folio count23,783

Dividend Frequency

Monthly (12th of every Month)


Ratios
Average Maturity3.46 yrs
Modified Duration2.08 yrs
Portfolio Yield5.54%
Macaulay Duration2.23 yrs
$Standard Deviation3.18%
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Investment:Dividend Payout, Dividend Re-investment & Growth Rs5000 & above.
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 2-3 years


Load Structure

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


Total Expense Ratio**

Regular: 0.76%; Direct: 0.34%


Data as on February 28, 2021


This product is suitable for investors who are seeking*:
  • Income over a short to medium term investment horizon.
  • Investment in debt & money market securities of PSUs , Banks , Public Finanacial Institutions, government securities, and Municipal Bonds.

* 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 28 Feb 2021 is 29.13% 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 dividends, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'