| 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
| 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

  

  
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


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) 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
NAV
Growth OptionRs40.6195
Direct Growth OptionRs43.1975
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*
BenchmarkNIFTY Short Duration Debt Index
Allotment dateMay 2, 2002
AAUMRs19,366.06 crs
AUMRs 18,328.52 crs
Folio count34,204

Dividend Frequency

Monthly (12th of every Month), Half Yearly (20th of Mar/Sept) and normal (as decided by Trustees)


Ratios
Average Maturity2.97 yrs
Modified Duration1.78 yrs
Portfolio Yield5.30%
Macaulay Duration1.87 yrs
$Standard Deviation2.50%
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

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'