| KOTAK DYNAMIC BOND FUND
An open-ended dynamic debt scheme investing across duration
| KOTAK DYNAMIC BOND FUND
An open-ended dynamic debt scheme investing across duration

  

  
Investment Objective
The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Mutual Fund Units
Mutual Fund Units - Total 0.57
Brookfield India Real Estate Trust Construction 0.57
Debt Instruments
Debentures and Bonds
Government Dated Securities
6.22% Central Government SOV 10.60
6.52% State Government-Karnataka SOV 5.92
4.70% Central Government SOV 3.22
7.20% State Government-Maharashtra SOV 2.86
6.44% State Government-Gujarat SOV 1.90
6.12% State Government-Karnataka SOV 1.81
6.22% State Government-Kerala SOV 1.81
6.33% State Government-Tamil Nadu SOV 1.77
4.29% Central Government SOV 1.26
6.62% State Government-Uttar Pradesh SOV 1.09
7.25% State Government-Gujarat SOV 0.96
6.89% State Government-Bihar SOV 0.92
6.53% State Government-Tamil Nadu SOV 0.92
1.44% Central Government SOV 0.66
6.46% State Government-Gujarat SOV 0.36
7.16% Central Government SOV 0.15
6.67% Central Government SOV 0.14
Government Dated Securities - Total 36.35
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 5.74
Indian Railway Finance Corporation Ltd.(^) CRISIL AAA 4.71
Food Corporation of India ( ) ICRA AAA(CE) 4.48
National Highways Authority Of India ( ) (^) CRISIL AAA 4.00
Rural Electrification Corporation Ltd.(^) CRISIL AAA 3.76
Bank Of Baroda (Basel III TIER I Bonds) CRISIL AA+ 3.60
National Bank for Agriculture & Rural Development ( ) (^) ICRA AAA 3.55
Power Finance Corporation Ltd. ( ) CRISIL AAA 1.84
Union Bank of India (Basel III TIER I Bonds) FITCH IND AA 0.69
National Highways Authority Of India(^) CRISIL AAA 0.58
Public Sector Undertakings - Total 32.95
Corporate Debt/Financial Institutions
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(CE) 3.27
AXIS Bank Ltd.(^) CRISIL AAA 1.94
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 0.99
HDFC Ltd. CRISIL AAA 0.93
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 0.40
LIC Housing Finance Ltd. CRISIL AAA 0.15
Corporate Debt/Financial Institutions - Total 7.68
Treasury Bills
182 Days Treasury Bill 06/05/2021 SOV 5.20
364 Days Treasury Bill 07/05/2021 SOV 1.96
364 Days Treasury Bill 29/04/2021 SOV 0.37
Treasury Bills - Total 7.53
Triparty Repo 12.14
Net Current Assets/(Liabilities) 99.43
Net Current Assets/(Liabilities) 2.78
Net Current Assets/(Liabilities) 0.57
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) 15,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on February 26, 2021 (Rs) 27,89,442 19,00,576 11,44,784 7,42,240 4,10,030 1,22,438
Scheme Returns (%) 8.82 8.91 8.72 8.47 8.69 3.87
Nifty Composite Debt Index Returns (%) 8.47 8.62 8.51 8.38 9.21 4.40
Alpha 0.35 0.29 0.21 0.10 -0.52 -0.53
Nifty Composite Debt Index (Rs)# 27,22,268 18,71,403 11,36,192 7,40,435 4,13,142 1,22,770
CRISIL 10 Year Gilt Index (Rs)^ 24,58,438 17,50,734 10,89,040 7,12,826 4,03,787 1,20,790
CRISIL 10 Year Gilt Index (%) 7.00 7.35 7.32 6.85 7.64 1.25

Scheme Inception : - May 26, 2008. The returns are calculated by XIRR approach assuming investment of Rs 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 Option Rs28.6696
Direct Growth Option Rs30.1605
Quarterly Dividend Rs10.9332
Direct Quarterly Dividend Rs10.7521
Monthly Dividend Rs21.332
Direct Monthly Dividend Rs21.9682

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 Composite Debt Index
Allotment dateMay 26, 2008
AAUMRs2,719.71 crs
AUMRs2,680.69 crs
Folio count31,283

Dividend Frequency

Monthly Dividend Payout & Reinvestment (12th of every Month) (w.e.f June 1, 2017), Quarterly Dividend Payout and Reinvestment (20th of March, June, September and December of every year) (applicable for all plans)


Ratios
Average Maturity7.06 yrs
Modified Duration4.22 yrs
Portfolio Yield6.12%
Macaulay Duration4.44 yrs
$Standard Deviation4.32%
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 Investment Horizon: 2-3 years


Load Structure

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


Total Expense Ratio**

Regular: 1.21%; Direct: 0.47%


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 across durations.

* 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 22.38% 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'