| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.

  

  
Investment Objective
The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved
The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, 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
6.18% Central Government SOV 5.59
7.32% Central Government SOV 3.68
5.22% Central Government SOV 2.93
7.35% Central Government SOV 2.46
7.93% State Government(^)-Chattisgarh SOV 2.46
7.82% State Government(^)-Assam SOV 2.33
8.50% State Government-Punjab SOV 0.75
5.80% State Government-Rajasthan SOV 0.57
3.36% Central Government SOV 0.09
Government Dated Securities - Total 20.86
Public Sector Undertakings
Rural Electrification Corporation Ltd.(^) CRISIL AAA 8.11
Power Finance Corporation Ltd.(^) CRISIL AAA 4.84
State Bank Of India.(^) (Basel III TIER II Bonds) CRISIL AAA 4.79
Canara Bank(^) (Basel III TIER II Bonds) FITCH IND AAA 3.53
Indian Bank(^) (Basel III TIER II Bonds) FITCH IND AA+ 3.52
National Bank for Agriculture & Rural Development ( ) (^) ICRA AAA 3.46
ONGC Petro Additions Ltd.(^) ICRA AAA(CE) 3.44
Indian Oil Corporation Ltd.(^) CRISIL AAA 3.40
State Bank Of India.(^) (Basel III TIER I Bonds) CRISIL AA+ 3.29
Bank Of Baroda(^)(Basel III TIER II Bonds) FITCH AAA(IND) 2.08
Rural Electrification Corporation Ltd. ( ) (^) CRISIL AAA 0.59
Export-Import Bank of India(^) CRISIL AAA 0.58
National Bank for Agriculture & Rural Development(^) CRISIL AAA 0.46
Indian Railway Finance Corporation Ltd. CRISIL AAA 0.37
Bank Of Baroda (Basel III TIER I Bonds) CRISIL AA+ 0.19
Public Sector Undertakings - Total 42.65
Corporate Debt/Financial Institutions
HDFC Ltd.(^) CRISIL AAA 8.26
AXIS Bank Ltd.(^) CRISIL AAA 3.41
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) CRISIL AAA 4.95
ICICI Bank Ltd. (Basel III TIER I Bonds) CRISIL AA+ 3.92
LIC Housing Finance Ltd.(^) CRISIL AAA 2.98
Reliance Industries Ltd.(^) CRISIL AAA 2.57
LIC Housing Finance Ltd. ( ) (^) CRISIL AAA 2.46
LIC Housing Finance Ltd. ( ) (^) CARE AAA 1.84
HDB Financial Services Ltd. CRISIL AAA 0.02
Corporate Debt/Financial Institutions - Total 30.41
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
AXIS Bank Ltd. CRISIL A1+ 2.89
Corporate Debt/Financial Institutions - Total 2.89
Net Current Assets/(Liabilities) 3.19
Grand Total 100.00

Systematic Investment Plan SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 1 year
Total amount invested (Rs) 2,20,000 1,20,000
Total Value as on February 26, 2021 (Rs) 2,35,350 1,23,666
Scheme Returns (%) 7.32 5.83
Nifty Ultra Short Duration Debt Index Returns (%) 4.84 2.90
Alpha* 2.48 2.93
Nifty Ultra Short Duration Debt Index (Rs)# 2,30,117 1,21,833
CRISIL 1 Year T-Bill Index (Rs)^ 2,30,961 1,22,521
CRISIL 1 Year T-Bill Index Returns (%) 5.24 4.00

Scheme Inception : - May 14, 2019. 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 OptionRs1142.8637
Direct Growth OptionRs1149.6356
Weekly Dividend Rs1061.8907
Dividend OptionRs1067.6364
Direct Dividend Rs1053.758

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Growth, Dividend Payout and Dividend Reinvestment.

Dividend Frequency

Weekly Dividend Option-Every Monday
Monthly Dividend Option-12th of every month


Fund Manager Mr. Deepak Agrawal*
BenchmarkNIFTY Ultra Short Duration Debt Index
Allotment dateMay 14, 2019
AAUMRs4,505.34 crs
AUMRs4,320.18 crs
Folio count3,822

Ratios
Average Maturity3.37 yrs
Modified Duration2.82 yrs
Portfolio Yield6.07%
Macaulay Duration2.98 yrs
$Standard Deviation3.63%
Source: $KMIS & ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Purchase: Rs5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Purchase: Rs1000 & in multiples of Rs1 for purchase and for Rs0.01 for switches.
Ideal Investment Horizon: 2 year & above


Load Structure

Entry Load: Nil.(Applicable for All Plans)
Exit Load: Nil. (Applicable for All Plans)


Total Expense Ratio**

Regular: 0.62%; Direct: 0.22%


Data as on February 28, 2021


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in debt & money market securities having maturity of one business day

* 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 60.84% of the net assets.

**Total Expense Ratio includes applicable B30 fee and GST
* For Fund Manager experience, please refer 'Our Fund Managers'