| 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
Government Dated Securities
7.52% State Government(^)-Tamil Nadu SOV 1.89
7.59% State Government(^)-Gujarat SOV 1.27
6.97% State Government(^)-Karnataka SOV 1.21
8.65% State Government(^)-Kerala SOV 0.64
6.48% State Government-Karnataka SOV 0.52
8.15% Central Government SOV 0.38
8.45% State Government-Punjab SOV 0.15
5.22% Central Government SOV 0.05
Government Dated Securities - Total 6.11
Public Sector Undertakings
Rural Electrification Corporation Ltd.(^) CRISIL AAA 8.46
Power Finance Corporation Ltd.(^) CRISIL AAA 7.46
State Bank Of India.(^) (Basel III TIER II Bonds) CRISIL AAA 6.20
National Bank for Agriculture & Rural Development ( ) ICRA AAA 4.54
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 2.89
Rural Electrification Corporation Ltd. ( ) CRISIL AAA 1.18
Power Finance Corporation Ltd. ( ) CRISIL AAA 0.90
Mangalore Refinery and Petrochemicals Ltd. ( ) FITCH AAA(IND) 0.90
National Bank for Agriculture & Rural Development CRISIL AAA 0.57
Small Industries Development Bank Of India ICRA AAA 0.19
Public Sector Undertakings - Total 33.29
Corporate Debt/Financial Institutions
HDFC Ltd.(^) CRISIL AAA 9.37
HDB Financial Services Ltd. CRISIL AAA 5.57
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) ICRA AAA(CE) 5.46
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 4.36
Embassy Office Parks Reit CRISIL AAA 2.64
Grasim Industries Ltd.(^) CRISIL AAA 2.40
Bajaj Housing Finance Ltd. ( ) (^) CRISIL AAA 2.40
LIC Housing Finance Ltd. CRISIL AAA 1.91
Bajaj Finance Ltd. CRISIL AAA 1.57
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 1.40
Kotak Mahindra Prime Ltd.(^) CRISIL AAA 1.21
AXIS Bank Ltd.(^) CRISIL AAA 1.20
Mindspace Business Parks REIT ( ) (^) CRISIL AAA 1.20
First Business Receivables Trust ( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 0.70
ICICI Bank Ltd.(^) (Basel III TIER II Bonds) ICRA AAA 0.62
Sundaram Finance Ltd. ICRA AAA 0.61
Reliance Industries Ltd. CRISIL AAA 0.31
LIC Housing Finance Ltd. CARE AAA 0.31
Kotak Mahindra Bank Ltd. CRISIL AAA 0.19
Tata Sons Private Ltd. CRISIL AAA 0.16
Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 0.12
HDFC Ltd. ( ) CRISIL AAA 0.06
Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) CRISIL AAA 0.05
Corporate Debt/Financial Institutions - Total 43.82
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 03/06/2021 SOV 4.18
182 Days Treasury Bill 06/05/2021 SOV 3.38
364 Days Treasury Bill 07/05/2021 SOV 1.28
364 Days Treasury Bill 29/04/2021 SOV 0.12
Treasury Bills - Total 8.96
Public Sector Undertakings
National Bank for Agriculture & Rural Development ICRA A1+ 1.19
Public Sector Undertakings - Total 1.19
Corporate Debt/Financial Institutions
Bajaj Housing Finance Ltd. CRISIL A1+ 1.16
Corporate Debt/Financial Institutions - Total 1.16
Triparty Repo 2.96
Net Current Assets/(Liabilities) 2.51
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) 16,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Feb 26, 2021 (Rs) 29,18,002 18,49,038 11,26,948 7,33,932 4,06,150 1,23,434
Scheme Returns (%) 8.30 8.39 8.28 8.02 8.04 5.46
CRISIL Corporate Bond Composite Index Returns (%) 9.09 8.98 8.70 8.48 9.16 5.50
Alpha -0.80 -0.59 -0.42 -0.45 -1.12 -0.04
CRISIL Corporate Bond Composite Index (Rs)# 30,94,526 19,07,550 11,43,931 7,42,277 4,12,887 1,23,459
CRISIL 10 Year Gilt Index (Rs)^ 26,48,903 17,50,734 10,89,040 7,12,826 4,03,787 1,20,790
CRISIL 10 Year Gilt Index (%) 6.98 7.35 7.32 6.85 7.64 1.25

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 OptionRs2879.7295
Direct Growth OptionRs2962.1456
Monthly Dividend Rs1046.6512
Direct Monthly Dividend Rs1084.6508

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
AAUMRs8,351.11 crs
AUMRs8,249.46 crs
Folio count38,265

Dividend Frequency

Monthly (12th of every Month)


Ratios
Average Maturity2.00 yrs
Modified Duration1.50 yrs
Portfolio Yield5.31%
Macaulay Duration1.61 yrs
$Standard Deviation2.22%
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 Investment Horizon: 1-1.5 year


Load Structure

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


Total Expense Ratio**

Regular: 0.65%; Direct: 0.27%


Data as on February 28, 2021


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 28 Feb 2021 is 28.64% 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'