| KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
| KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
An open-ended short term debt scheme investing in instruments such that the High macaulay duration of the portfolio is between 1 year and 3 years
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Investment Objective
The investment objective of the Scheme is
to provide reasonable returns and
reasonably high levels of liquidity by
investing in debt instruments such as
bonds, debentures and Government
securities; and money market instruments
such as treasury bills, commercial papers,
certificates of deposit, including repos in
permitted securities of different maturities,
so as to spread the risk across different kinds
of issuers in the debt markets. There is no
assurance that the investment objective of
the Scheme will be realised.
The investment objective of the Scheme is
to provide reasonable returns and
reasonably high levels of liquidity by
investing in debt instruments such as
bonds, debentures and Government
securities; and money market instruments
such as treasury bills, commercial papers,
certificates of deposit, including repos in
permitted securities of different maturities,
so as to spread the risk across different kinds
of issuers in the debt markets. There is no
assurance that the investment objective of
the Scheme will be realised.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 5.09% Central Government | SOV | 6.37 |
| 6.79% Central Government(^) | SOV | 4.88 |
| 4.70% Central Government | SOV | 3.21 |
| 7.59% Central Government(^) | SOV | 3.20 |
| 4.29% Central Government | SOV | 2.37 |
| 7.35% Central Government(^) | SOV | 1.88 |
| 8.21% State Government(^)-Haryana | SOV | 1.64 |
| 8.38% State Government(^)-Haryana | SOV | 1.45 |
| 7.82% State Government(^)-Assam | SOV | 1.16 |
| 8.59% State Government(^)-Andhra Pradesh | SOV | 1.16 |
| 7.18% State Government(^)-Tamil Nadu | SOV | 1.12 |
| 7.93% State Government(^)-Chattisgarh | SOV | 0.95 |
| 7.20% State Government-Maharashtra | SOV | 0.89 |
| 6.97% Central Government | SOV | 0.57 |
| 7.77% State Government-Orissa | SOV | 0.57 |
| 7.19% State Government(^)-Gujarat | SOV | 0.56 |
| 8.00% State Government(^)-Rajasthan | SOV | 0.55 |
| 7.14% State Government-Gujarat | SOV | 0.53 |
| 6.44% State Government(^)-Gujarat | SOV | 0.49 |
| 7.68% Central Government | SOV | 0.44 |
| 6.22% State Government-Kerala | SOV | 0.40 |
| 6.84% State Government-Gujarat | SOV | 0.40 |
| 8.39% State Government-Rajasthan | SOV | 0.40 |
| 8.45% State Government-Punjab | SOV | 0.32 |
| 6.90% Central Government | SOV | 0.31 |
| 8.18% State Government-Haryana | SOV | 0.29 |
| 7.61% State Government-Tamil Nadu | SOV | 0.29 |
| 8.72% State Government-Bihar | SOV | 0.28 |
| 7.20% State Government-Karnataka | SOV | 0.28 |
| 7.26% Central Government | SOV | 0.26 |
| 7.69% State Government-Assam | SOV | 0.26 |
| 5.28% State Government-Bihar | SOV | 0.23 |
| 8.26% State Government-Uttar Pradesh | SOV | 0.19 |
| 8.50% State Government-Jammu & Kashmir | SOV | 0.18 |
| 8.45% State Government-Jammu & Kashmir | SOV | 0.17 |
| 6.98% State Government-Maharashtra | SOV | 0.16 |
| 6.62% State Government-Uttar Pradesh | SOV | 0.16 |
| 8.58% State Government-Gujarat | SOV | 0.15 |
| 7.16% State Government-Uttar Pradesh | SOV | 0.14 |
| 5.75% State Government-Tamil Nadu | SOV | 0.14 |
| 6.97% State Government-Karnataka | SOV | 0.14 |
| 7.59% State Government-Karnataka | SOV | 0.14 |
| 8.61% State Government-Uttar Pradesh | SOV | 0.13 |
| 6.53% State Government-Tamil Nadu | SOV | 0.13 |
| 8.27% State Government-Rajasthan | SOV | 0.12 |
| 7.68% State Government-Madhya Pradesh | SOV | 0.11 |
| 1.44% Central Government | SOV | 0.06 |
| 9.36% State Government-West Bengal | SOV | 0.06 |
| 8.45% State Government-Bihar | SOV | 0.06 |
| 8.69% State Government-Kerala | SOV | 0.04 |
| 8.66% State Government-Tamil Nadu | SOV | 0.03 |
| 8.21% State Government-Rajasthan | SOV | 0.02 |
| 5.22% Central Government | SOV | 0.02 |
| 3.36% Central Government | SOV | 0.01 |
| Government Dated Securities - Total | 40.07 | |
| Public Sector Undertakings | ||
| State Bank Of India.(^) (Basel III TIER II Bonds) | CRISIL AAA | 5.35 |
| Power Finance Corporation Ltd. | CRISIL AAA | 4.45 |
| National Bank for Agriculture & Rural Development ( ) | ICRA AAA | 3.46 |
| Rural Electrification Corporation Ltd.(^) | CRISIL AAA | 2.96 |
| National Bank for Agriculture & Rural Development | CRISIL AAA | 1.36 |
| Power Finance Corporation Ltd. ( ) | CRISIL AAA | 0.81 |
| Bank Of Baroda (Basel III TIER II Bonds) | FITCH IND AAA | 0.58 |
| Indian Oil Corporation Ltd. | ICRA AAA | 0.55 |
| Canara Bank (Basel III TIER II Bonds) | FITCH IND AAA | 0.55 |
| Indian Railway Finance Corporation Ltd. | CRISIL AAA | 0.29 |
| Rural Electrification Corporation Ltd. | FITCH IND AAA | 0.24 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 0.15 |
| Power Grid Corporation of India Ltd. | CRISIL AAA | 0.06 |
| National Thermal Power Corporation Ltd. | CRISIL AAA | 0.03 |
| Small Industries Development Bank Of India | ICRA AAA | 0.02 |
| Public Sector Undertakings - Total | 20.86 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Ltd. | CRISIL AAA | 6.03 |
| Bajaj Finance Ltd. | CRISIL AAA | 2.86 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH IND AAA | 1.72 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) | CRISIL AAA | 1.48 |
| Aditya Birla Finance Ltd. | ICRA AAA | 1.47 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 1.32 |
| First Business Receivables Trust ( Originator Reliance Industries Ltd ) | CRISIL AAA(SO) | 1.15 |
| Fullerton India Credit Co. Ltd. | CRISIL AAA | 1.10 |
| Kotak Mahindra Prime Ltd.(^) | CRISIL AAA | 1.09 |
| HDFC Ltd. ( ) | CRISIL AAA | 1.09 |
| LIC Housing Finance Ltd. | CARE AAA | 1.04 |
| Grasim Industries Ltd.(^) | CRISIL AAA | 0.89 |
| Tata Capital Financial Services Limited | CRISIL AAA | 0.86 |
| Hindustan Zinc Ltd. ( ) | CRISIL AAA | 0.82 |
| HDB Financial Services Ltd. | CARE AAA | 0.70 |
| Tata Capital Housing Finance Ltd. | CRISIL AAA | 0.56 |
| Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) | CRISIL AAA | 0.55 |
| HDB Financial Services Ltd. ( ) (^) | CRISIL AAA | 0.54 |
| Reliable Devices Trust ( Underlying customer Reliance Retail ) | ICRA AAA(SO) | 0.51 |
| Sundaram Finance Ltd. ( ) | CRISIL AAA | 0.43 |
| LIC Housing Finance Ltd. | CRISIL AAA | 0.42 |
| Tata Capital Financial Services Limited | ICRA AAA | 0.40 |
| Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) | ICRA AAA(CE) | 0.30 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group) | CRISIL AAA | 0.14 |
| ICICI Bank Ltd.(^) (Basel III TIER II Bonds) | ICRA AAA | 0.14 |
| Reliance Industries Ltd. | CRISIL AAA | 0.04 |
| Tata Sons Private Ltd. | CRISIL AAA | 0.02 |
| HDB Financial Services Ltd. | CRISIL AAA | 0.01 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 0.01 |
| Corporate Debt/Financial Institutions - Total | 27.69 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 Days Treasury Bill 24/06/2021 | SOV | 1.59 |
| 182 Days Treasury Bill 03/06/2021 | SOV | 0.62 |
| Treasury Bills - Total | 2.21 | |
| Public Sector Undertakings | ||
| National Bank for Agriculture & Rural Development | ICRA A1+ | 1.07 |
| Public Sector Undertakings - Total | 1.07 | |
| Corporate Debt/Financial Institutions | ||
| LIC Housing Finance Ltd. | CRISIL A1+ | 2.70 |
| HDFC Ltd. | CRISIL A1+ | 1.86 |
| Corporate Debt/Financial Institutions - Total | 4.56 | |
| Triparty Repo | 1.64 | |
| Net Current Assets/(Liabilities) | 1.90 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 22,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Feb 26, 2021 (Rs) | 50,66,508 | 18,10,422 | 11,06,378 | 7,27,237 | 4,05,967 | 1,23,137 |
| Scheme Returns (%) | 7.94 | 7.99 | 7.76 | 7.65 | 8.01 | 4.98 |
| Nifty Short Duration Index Returns (%) | 8.14 | 8.31 | 8.04 | 7.95 | 8.29 | 6.03 |
| Alpha | -0.20 | -0.32 | -0.28 | -0.30 | -0.28 | -1.05 |
| Nifty Short Duration Index (Rs)# | 51,76,921 | 18,41,567 | 11,17,369 | 7,32,686 | 4,07,637 | 1,23,789 |
| CRISIL 10 Year Gilt Index (Rs)^ | 44,26,367 | 17,50,734 | 10,89,040 | 7,12,826 | 4,03,787 | 1,20,790 |
| CRISIL 10 Year Gilt Index (%) | 6.68 | 7.35 | 7.32 | 6.85 | 7.64 | 1.25 |
Scheme Inception : - May 02,2002. 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
Alpha is difference of scheme return with benchmark return
NAV
| Growth Option | Rs40.6195 |
| Direct Growth Option | Rs43.1975 |
| Monthly Dividend | Rs10.0657 |
| Direct Monthly Dividend | Rs13.536 |
| Half Yearly Dividend | Rs14.7904 |
| Direct Half Yearly Dividend | Rs15.2926 |
| Direct Normal Dividend | Rs12.83 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Dividend Payout, Dividend
Reinvestment & Growth ( applicable for all
plans)
| Fund Manager | Mr. Deepak Agrawal* |
| Benchmark | NIFTY Short Duration Debt Index |
| Allotment date | May 2, 2002 |
| AAUM | Rs19,366.06 crs |
| AUM | Rs 18,328.52 crs |
| Folio count | 34,204 |
Dividend Frequency
Monthly (12th of every Month), Half Yearly (20th of Mar/Sept) and normal (as decided by Trustees)
Ratios
| Average Maturity | 2.97 yrs |
| Modified Duration | 1.78 yrs |
| Portfolio Yield | 5.30% |
| Macaulay Duration | 1.87 yrs |
| $Standard Deviation | 2.50% |
Minimum Investment Amount
Initial Investment:(i) Dividend Reinvestment
& Growth - Rs5000 & above (ii)
Dividend Payout Monthly Dividend) -
Rs50,000 & above
Additional Investment: Rs1000 & in multiples
of Rs1
Ideal Investment Horizon: 1 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
Regular: 1.16%; Direct: 0.34%
Data as on February 28, 2021
This product is suitable for investors who are seeking*:
- Income over a medium term investment horizon
- Investment in debt & money market securities with portfolio Macaulay duration between 1 year & 3 years
* 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 20.23% 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'