| KOTAK CORPORATE BOND FUND
An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
| KOTAK CORPORATE BOND FUND
An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds

  

  
Investment Objective
The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) ICRA AAA(CE) 8.81
HDB Financial Services Ltd. CRISIL AAA 6.81
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 6.38
HDFC Ltd. CRISIL AAA 6.23
Embassy Office Parks Reit CRISIL AAA 4.14
Grasim Industries Ltd.(^) CRISIL AAA 3.44
Bajaj Finance Ltd. CRISIL AAA 2.45
Kotak Mahindra Prime Ltd.(^) CRISIL AAA 2.28
LIC Housing Finance Ltd. CRISIL AAA 2.07
LIC Housing Finance Ltd. CARE AAA 2.02
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 1.81
First Business Receivables Trust ( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 1.08
ICICI Bank Ltd.(^) (Basel III TIER II Bonds) ICRA AAA 0.98
Sundaram Finance Ltd. ICRA AAA 0.97
Reliance Industries Ltd. CRISIL AAA 0.50
Kotak Mahindra Bank Ltd. CRISIL AAA 0.31
Tata Sons Private Ltd. CRISIL AAA 0.26
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 0.20
Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) CRISIL AAA 0.08
Corporate Debt/Financial Institutions - Total 50.82
Public Sector Undertakings
State Bank Of India. (Basel III TIER II Bonds) CRISIL AAA 5.63
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 3.95
Power Finance Corporation Ltd. CRISIL AAA 2.92
Rural Electrification Corporation Ltd. CRISIL AAA 2.71
National Bank for Agriculture & Rural Development CRISIL AAA 0.93
Small Industries Development Bank Of India ICRA AAA 0.30
Public Sector Undertakings - Total 16.44
Government Dated Securities
7.59% Central Government(^) SOV 6.82
7.68% Central Government(^) SOV 3.13
8.08% Central Government SOV 3.09
7.52% State Government(^)-Tamil Nadu SOV 3.05
7.27% Central Government(^) SOV 2.70
8.65% State Government(^)-Kerala SOV 2.08
7.59% State Government(^)-Gujarat SOV 2.04
8.62% State Government-Maharashtra SOV 1.04
8.63% State Government-Tamil Nadu SOV 1.04
8.64% State Government-Madhya Pradesh SOV 1.04
8.15% Central Government SOV 0.62
8.45% State Government-Punjab SOV 0.23
7.32% Central Government SOV 0.21
Government Dated Securities - Total 27.09
Treasury Bills
182 Days Treasury Bill 24/12/2020 SOV 1.92
182 Days Treasury Bill 12/11/2020 SOV 0.96
Treasury Bills - Total 2.88
Triparty Repo 0.66
Net Current Assets/(Liabilities) 2.11
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 (₹) 15,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Sep 30, 2020 (₹) 28,19,094 18,82,051 11,48,167 7,46,266 4,13,250 1,25,867
Scheme Returns (%) 8.52 8.71 8.78 8.66 9.17 9.22
CRISIL Corporate Bond Composite Index Returns (%) 9.33 9.31 9.25 9.15 10.18 10.93
Alpha -0.82 -0.60 -0.47 -0.49 -1.01 -1.71
CRISIL Corporate Bond Composite Index (₹)# 29,88,445 19,42,421 11,67,609 7,55,363 4,19,422 1,26,941
CRISIL 1 Year T-Bill Index (₹)^ 25,04,964 17,26,809 10,76,547 7,12,288 3,99,552 1,23,629
CRISIL 1 Year T-Bill Index Returns (%) 6.85 7.07 6.98 6.80 6.89 5.67

Scheme Inception : - September 21, 2007. 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 OptionRs2830.0171
Direct Growth OptionRs2907.1422
Monthly Dividend Rs1052.0521
Direct Monthly Dividend Rs1098.1321

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 Corporate Bond Composite Index
Allotment dateSeptember 21, 2007
AAUMRs5,739.66 crs
AUMRs5,171.35 crs
Folio count35,035

Dividend Frequency

Monthly (12th of every Month)


Ratios
Average Maturity2.27 yrs
Modified Duration1.83 yrs
Portfolio Yield5.36%
Macaulay Duration1.93 yrs
$Standard Deviation1.73%
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 1for purchase and for Rs0.01 for switches.
Ideal Investments Horizon: 1 Year & above


Load Structure

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


Total Expense Ratio**

Regular: 0.61%; Direct: 0.32%


Data as on September 30, 2020


This product is suitable for investors who are seeking*:
  • Regular Income over short term
  • Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate 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 30 Sep 2020 is 20.24% 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'