| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months

  

  
Investment Objective
The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. 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 low duration debt & 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

Debt Instruments
Debentures and Bonds
Government Dated Securities
8.21% State Government(^)-Haryana SOV 2.81
4.70% Central Government SOV 1.52
3.36% Central Government SOV 1.47
4.29% Central Government SOV 1.34
7.93% State Government(^)-Chattisgarh SOV 0.77
8.39% State Government-Rajasthan SOV 0.65
7.94% Central Government SOV 0.37
GS CG15/062022 - (STRIPS) SOV 0.14
GS CG 15/12/2021 - (STRIPS) SOV 0.14
GS CG 15/06/2021 - (STRIPS) SOV 0.14
5.62% State Government-Orissa SOV 0.13
8.00% State Government-Rajasthan SOV 0.04
Government Dated Securities - Total 9.52
Public Sector Undertakings
Rural Electrification Corporation Ltd. CRISIL AAA 2.22
State Bank Of India. (Basel III TIER II Bonds) CRISIL AAA 1.86
National Bank for Agriculture & Rural Development ( ) ICRA AAA 1.45
Power Finance Corporation Ltd.(^) CRISIL AAA 0.93
Punjab National Bank (Basel III TIER II Bonds) CRISIL AA+ 0.72
Canara Bank ( ) (Basel III TIER I Bonds) CRISIL AA 0.72
Union Bank of India CRISIL AA+ 0.55
Bank Of Baroda ( ) (Basel III TIER I Bonds) CRISIL AA+ 0.52
Punjab & Sind Bank (Basel III TIER I Bonds) ICRA A- 0.47
Canara Bank ( ) (Basel III TIER I Bonds) FITCH AA(IND) 0.41
State Bank Of India. (Basel III TIER I Bonds) CRISIL AA+ 0.37
Food Corporation of India CRISIL AAA(CE) 0.19
Canara Bank (Basel III TIER I Bonds) CARE AA 0.14
Union Bank of India (Basel III TIER I Bonds) CARE AA- 0.13
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 0.07
Small Industries Development Bank Of India CARE AAA 0.05
Public Sector Undertakings - Total 10.80
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL AAA 6.07
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (^) ICRA AAA(CE) 3.21
Sundaram Finance Ltd. CRISIL AAA 2.58
Tata Steel Ltd. CARE AA- 2.19
Embassy Office Parks Reit CRISIL AAA 1.68
L & T Infrastructure Finance Company Ltd.(^) CRISIL AAA 1.49
Muthoot Finance Ltd. ICRA AA 1.43
Manappuram Finance Ltd.(^) CRISIL AA 1.33
Kotak Mahindra Prime Ltd. CRISIL AAA 1.26
LIC Housing Finance Ltd. ( ) CRISIL AAA 1.11
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 1.04
HDB Financial Services Ltd. CRISIL AAA 1.01
Tata Steel Ltd. CARE AA 0.97
Bharti Telecom Ltd.(^) CRISIL AA+ 0.95
LIC Housing Finance Ltd.(^) CRISIL AAA 0.93
EMBASSY OFFICE PARKS REIT ( ) CRISIL AAA 0.90
Reliance Industries Ltd.(^) CRISIL AAA 0.75
Oberoi Realty Limited ( ) CARE AA+ 0.75
Indostar Capital Finance Limited ( ) CARE AA- 0.73
Bahadur Chand Investments Private Limited ICRA AA 0.73
Mindspace Business Parks REIT ( ) CRISIL AAA 0.72
Hindustan Zinc Ltd. ( ) CRISIL AAA 0.72
Tata Projects Ltd.(^) FITCH IND AA 0.70
First Business Receivables Trust ( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 0.60
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^) CARE AA(CE) 0.53
Bajaj Finance Ltd. CRISIL AAA 0.53
India Grid Trust ( ) CRISIL AAA 0.52
Phoenix ARC Pvt Ltd ( ) CRISIL AA 0.36
Godrej Properties Limited ICRA AA 0.33
MOBIL TRUST SERIES-07 PTC 20-11-2021 (C)(Mobil Trust Series - 07) CRISIL AAA(SO) 0.26
Aditya Birla Finance Ltd. ICRA AAA 0.11
MOBIL TRUST SERIES-08 PTC 20-11-2021-(C)(Mobil Trust Series - 08) CRISIL AAA(SO) 0.08
Corporate Debt/Financial Institutions - Total 36.57
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 06/05/2021 SOV 7.32
364 Days Treasury Bill 07/05/2021 SOV 3.20
91 Days Treasury Bill 01/04/2021 SOV 2.75
182 Days Treasury Bill 27/05/2021 SOV 1.08
364 Days Treasury Bill 17/06/2021 SOV 0.36
364 Days Treasury Bill 29/04/2021 SOV 0.27
Treasury Bills - Total 14.98
Public Sector Undertakings
National Bank for Agriculture & Rural Development CRISIL A1+ 3.60
National Bank for Agriculture & Rural Development ICRA A1+ 2.15
Power Finance Corporation Ltd. CRISIL A1+ 0.36
Public Sector Undertakings - Total 6.11
Corporate Debt/Financial Institutions
Reliance Industries Ltd. CRISIL A1+ 3.44
IIFL Facilities Services Limited CRISIL A1+ 1.45
Hindustan Zinc Ltd. CRISIL A1+ 1.07
Bharti Airtel Ltd. CRISIL A1+ 0.89
Reliance Retail Ventures Ltd CRISIL A1+ 0.73
Muthoot Finance Ltd. CRISIL A1+ 0.73
Daimler Financial Services India CRISIL A1+ 0.73
Bajaj Housing Finance Ltd. CRISIL A1+ 0.70
JM Financial Products Limited CRISIL A1+ 0.51
Manappuram Finance Ltd. CRISIL A1+ 0.18
Corporate Debt/Financial Institutions - Total 10.43
Triparty Repo 9.94
Net Current Assets/(Liabilities) 1.65
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) 15,60,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on February 26, 2021 (Rs) 26,90,328 18,10,770 11,03,997 7,22,547 4,01,511 1,23,463
Scheme Returns (%) 8.01 7.99 7.70 7.39 7.26 5.51
Nifty Low Duration Debt Index Returns (%) 7.93 7.71 7.27 6.99 6.75 5.09
Alpha 0.08 0.28 0.43 0.40 0.51 0.42
Nifty Low Duration Debt Index (Rs)# 26,74,301 17,84,717 10,87,201 7,15,373 3,98,515 1,23,203
CRISIL 1 Year T-Bill Index (Rs)^ 24,56,150 17,04,178 10,61,529 7,03,884 3,94,728 1,22,521
CRISIL 1 Year T-Bill Index Returns (%) 6.71 6.83 6.60 6.35 6.11 4.00

Scheme Inception : - March 06, 2008. 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
Regular Growth Option Rs2618.3273
Regular Monthly Dividend Rs1023.9188
Regular Weekly Dividend Rs1014.5122
Direct Growth OptionRs2761.6265
Direct Monthly Dividend Rs1190.8344
Direct Weekly Dividend Rs1199.0912

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Dividend Payout, Dividend Reinvestment & Growth (dividend payout is available under monthly dividend only) (applicable for all plans)


Fund Manager Mr. Deepak Agrawal*
BenchmarkNIFTY Low Duration Debt Index
Allotment dateMarch 6, 2008
AAUMRs12,497.85 crs
AUMRs13,760.93 crs
Folio count1,19,595

Dividend Frequency

Weekly (every Monday), Monthly (12th of every month)


Ratios
Average Maturity1.23 yrs
Modified Duration0.75 yrs
Portfolio Yield4.58%
Macaulay Duration0.79 yrs
$Standard Deviation2.00%
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 for purchase and for Rs0.01 for switches.
Ideal Investment Horizon: 6-9 months


Load Structure

Entry Load: Nil.
Exit Load: Nil.
Any exit load charged (net off Service Tax, if any) shall be credited back to the Scheme;


Total Expense Ratio**

Regular: 1.15%; Direct: 0.37%


Data as on February 28, 2021


This product is suitable for investors who are seeking*:
  • Regular Income over short term
  • Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months

* 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 13.44% 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'