| KOTAK LIQUID FUND
An open ended liquid scheme
| KOTAK LIQUID FUND
An open ended liquid scheme

  

  
Investment Objective
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.
Issuer/Instrument Industry/
Rating
% to Net
Assets

Debt Instruments
Debentures and Bonds
Corporate Debt/Financial Institutions
Tata Capital Financial Services Limited ICRA AAA 0.10
Corporate Debt/Financial Institutions - Total 0.10
Government Dated Securities
7.80% Central Government SOV 2.49
Government Dated Securities - Total 2.49
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
Reliance Industries Ltd. CRISIL A1+ 9.19
HDFC Ltd. CRISIL A1+ 3.87
Tata Capital Financial Services Limited CRISIL A1+ 3.62
Adani Ports and Special Economic Zone Limited ICRA A1+ 1.99
IDFC First Bank Limited CRISIL A1+ 1.80
Muthoot Finance Ltd. CRISIL A1+ 1.80
Bajaj Finance Ltd. CRISIL A1+ 1.63
JM Financial Products Limited CRISIL A1+ 1.54
Sikka Ports & Terminals Ltd. CRISIL A1+ 1.26
AXIS Finance Ltd. CRISIL A1+ 1.08
Bandhan Bank Limited ICRA A1+ 1.08
Indus Towers Ltd. CRISIL A1+ 1.08
IIFL Wealth Management Ltd. CRISIL A1+ 0.72
JM Financial Capital Ltd. CRISIL A1+ 0.63
Birla Group Holding Private Limited CRISIL A1+ 0.54
Dalmia Cement (Bharat) Ltd CRISIL A1+ 0.36
Motilal Oswal Financial Services Limited CRISIL A1+ 0.36
Sharekhan BNP Paribas Financial Services Pvt. Ltd. ICRA A1+ 0.36
Tata Power Company Ltd. CRISIL A1+ 0.29
Cholamandalam Investment and Finance Company Ltd. CRISIL A1+ 0.18
Julius Baer Capital (India) Pvt. Ltd CRISIL A1+ 0.18
Corporate Debt/Financial Institutions - Total 33.56
Public Sector Undertakings
National Thermal Power Corporation Ltd. CRISIL A1+ 8.87
Indian Railway Finance Corporation Ltd. CRISIL A1+ 2.44
Mangalore Refinery and Petrochemicals Ltd. ICRA A1+ 2.35
Chennai Petroleum Corporation Ltd. CRISIL A1+ 2.17
National Bank for Agriculture & Rural Development ICRA A1+ 1.62
National Fertilizers Ltd. ICRA A1+ 1.09
NLC India Ltd. (Neyveli Lignite Corporation Ltd.) CARE A1+ 1.09
PNB Gilts Ltd. CRISIL A1+ 0.72
National Bank for Agriculture & Rural Development CRISIL A1+ 0.36
Public Sector Undertakings - Total 20.71
Treasury Bills
91 Days Treasury Bill 01/04/2021 SOV 9.58
364 Days Treasury Bill 08/04/2021 SOV 4.67
91 Days Treasury Bill 18/03/2021 SOV 4.07
364 Days Treasury Bill 15/04/2021 SOV 3.25
182 Days Treasury Bill 11/03/2021 SOV 0.91
182 Days Treasury Bill 04/03/2021 SOV 0.72
182 Days Treasury Bill 18/03/2021 SOV 0.45
91 Days Treasury Bill 29/04/2021 SOV 0.36
364 Days Treasury Bill 18/03/2021 SOV 0.33
Treasury Bills - Total 24.34
Triparty Repo 18.63
Net Current Assets/(Liabilities) 0.17
Grand Total 100.00



NAV
Growth OptionRs4129.1449
Direct Growth OptionRs4146.918
Daily Dividend Rs1222.81
Direct Daily Dividend Rs1222.81
Weekly Dividend Rs1000.6376
Direct Weekly Dividend Rs1005.6172

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 Liquid Index
Allotment dateNovember 4, 2003
AAUMRs28,971.46 crs
AUMRs23,668.04 crs
Folio count55,191

Dividend Frequency

Daily, Weekly (Every Monday) (applicable for all plans)


Ratios
Average Maturity0.07 yrs
Modified Duration0.07 yrs
Portfolio Yield3.28%
Macaulay Duration0.07 yrs
$Standard Deviation0.32%
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Investment:Rs500 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Investment: Rs500 & in multiples of Rs1 or purchases and of Rs0.01 for switches
Ideal Investment Horizon: 7 days to month


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

1. Exit load shall applicable be as per the graded basis as specified below:

Investor exit upon subscriptionExit load as a % of redemption proceeds
Day 1 0.0070%
Day 2 0.0065%
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045%
Day 7 onwards 0.0000%

Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Units issued on reinvestment of dividends shall not be subject to entry and exit load.
2. The revised exit load shall be effective for all fresh investments
3. The revised load structure will be applicable for Insta Redemption facility as per the applicable circular.
4. Applicability of revised exit load on redemption /switch-out of units would be done on First in First out Basis ('FIFO').


Total Expense Ratio**

Regular: 0.30%; Direct: 0.20%


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

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.



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