| KOTAK BOND FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 4 years and 7 years
| KOTAK BOND FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 4 years and 7 years

  

  
Investment Objective
The investment objective of the Scheme is to create a portfolio of debt instruments such as bonds, debentures, Government Securities and money market instruments, 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 achieved.
The investment objective of the Scheme is to create a portfolio of debt instruments such as bonds, debentures, Government Securities and money market instruments, 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 achieved.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Government Dated Securities
6.22% Central Government SOV 17.50
4.70% Central Government SOV 8.34
6.40% State Government-Andhra Pradesh SOV 5.35
6.57% State Government-Andhra Pradesh SOV 4.71
5.85% Central Government SOV 2.93
6.79% Central Government SOV 2.71
6.60% State Government-Uttar Pradesh SOV 2.53
5.15% Central Government SOV 2.20
6.68% Central Government SOV 1.51
1.44% Central Government SOV 0.88
GS CG 15/12/2031 - (STRIPS) SOV 0.51
GS CG 15/12/2032 - (STRIPS) SOV 0.47
GS CG 23/12/2025 - (STRIPS) SOV 0.46
8.24% State Government-Tamil Nadu SOV 0.41
8.16% State Government-Maharashtra SOV 0.41
GS CG 23/6/2030 - (STRIPS) SOV 0.33
GS CG 15/06/2038 - (STRIPS) SOV 0.32
GS CG 23/12/2030 - (STRIPS) SOV 0.32
GS CG15/12/2038 - (STRIPS) SOV 0.31
GS CG 15/06/2039 - (STRIPS) SOV 0.29
GS CG 23/12/2031 - (STRIPS) SOV 0.29
GS CG 23/6/2032 - (STRIPS) SOV 0.28
GS CG 15/12/2039 - (STRIPS) SOV 0.28
GS CG 15/12/2040 - (STRIPS) SOV 0.27
GS CG 23/12/2032 - (STRIPS) SOV 0.27
GS CG 23/6/2038 - (STRIPS) SOV 0.18
GS CG 23/6/2039 - (STRIPS) SOV 0.17
GS CG 23/12/2038 - (STRIPS) SOV 0.17
GS CG 23/6/2040 - (STRIPS) SOV 0.16
GS CG 23/12/2039 - (STRIPS) SOV 0.16
Government Dated Securities - Total 54.72
Public Sector Undertakings
Power Finance Corporation Ltd. ( ) CRISIL AAA 8.91
Canara Bank (Basel III TIER II Bonds) FITCH IND AAA 5.35
National Bank for Agriculture & Rural Development ( ) ICRA AAA 4.50
Union Bank of India ( ) (Basel III TIER II Bonds) CRISIL AA+ 3.87
National Highways Authority Of India CRISIL AAA 0.11
Public Sector Undertakings - Total 22.74
Corporate Debt/Financial Institutions
Mobil Trust Series-07 Ptc 20-11-2021 (C)(Mobil Trust Series - 07) CRISIL AAA(SO) 0.27
Corporate Debt/Financial Institutions - Total 0.27
Triparty Repo 29.34
Net Current Assets/(Liabilities) -7.07
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) 25,60,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Feb 26, 2021 (Rs) 65,98,963 17,86,909 10,96,729 7,21,698 4,07,910 1,22,025
Scheme Returns (%) 8.11 7.74 7.52 7.35 8.34 3.21
Nifty Medium to Long Duration Debt Index Returns (%) NA 8.48 8.40 8.22 9.12 3.73
Alpha NA -0.74 -0.88 -0.87 -0.79 -0.52
Nifty Medium to Long Duration Debt Index (Rs)# NA 18,57,561 11,31,729 7,37,507 4,12,647 1,22,350
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 Returns (%) NA 7.35 7.32 6.85 7.64 1.25

Scheme Inception : - November 25,1999. 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 OptionRs59.9164
Direct Growth OptionRs64.2507
Quarterly Dividend OptionRs12.7083
Direct Quarterly Dividend OptionRs17.3892
Annual Dividend OptionRs36.7087
Direct Annual Dividend OptionRs23.1423

Available Plans/Options

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


Fund Manager Mr. Abhishek Bisen*
BenchmarkNIFTY Medium to Long Duration Debt Index
Allotment dateNovember 25, 1999
AAUMRs1,510.17 crs
AUMRs 1,329.10 crs
Folio count6,065

Dividend Frequency

Quarterly (20th of Mar/Jun/Sep/Dec), Half Yearly (20th of Mar/Sept), Annual (12th of Mar) (applicable for all plans)


Ratios
Average Maturity7.74 yrs
Modified Duration4.28 yrs
Portfolio Yield5.65%
Macaulay Duration4.44 yrs
$Standard Deviation4.65%
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
Ideal Investments Horizon: 2-3 years


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load: a) For redemptions/switch outs (including SIP/STP) within 3 months from the date of allotment of units: 0.20%
b) For redemptions/switch outs (including SIP/STP) after 3 months from the date of allotment of units: Nil

Note: The aforesaid revised exit load structure will be applicable only on a prospective basis for Units purchased/SIP/STP registered on or after February 22, 2018.


Total Expense Ratio**

Regular: 1.91%; Direct: 0.76%


Data as on February 28, 2021


This product is suitable for investors who are seeking*:
  • Income over a long investment horizon
  • Investment in debt & money market securities with a portfolio Macaulay duration between 4 years & 7 years.

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


**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'