| KOTAK MEDIUM TERM FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years
| KOTAK MEDIUM TERM FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years

  

  
Investment Objective
The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. 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 regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. 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 1.02
Brookfield India Real Estate Trust Construction 1.02
Debt Instruments
Debentures and Bonds
Government Dated Securities
7.20% State Government-Maharashtra SOV 4.67
6.33% State Government(^)-Tamil Nadu SOV 2.17
6.97% State Government-Maharashtra SOV 1.37
6.22% State Government-Kerala SOV 1.11
6.44% State Government-Gujarat SOV 0.89
1.44% Central Government SOV 0.80
6.53% State Government-Tamil Nadu SOV 0.57
Government Dated Securities - Total 11.58
Public Sector Undertakings
Power Finance Corporation Ltd.(^) CRISIL AAA 7.69
Punjab & Sind Bank (Basel III TIER I Bonds) ICRA A- 7.00
Rural Electrification Corporation Ltd. CRISIL AAA 4.80
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 3.35
Punjab National Bank (Basel III TIER I Bonds) CARE AA- 3.20
State Bank Of India. (Basel III TIER II Bonds) CRISIL AAA 2.77
Bank Of Baroda ( ) (Basel III TIER I Bonds) CRISIL AA+ 2.35
National Highways Authority Of India(^) CRISIL AAA 2.33
Canara Bank ( ) (Basel III TIER I Bonds) CRISIL AA 2.26
Indian Railway Finance Corporation Ltd. CRISIL AAA 1.86
Punjab National Bank (Basel III TIER II Bonds) CRISIL AA+ 1.13
Power Finance Corporation Ltd. ( ) CRISIL AAA 1.13
ONGC Petro Additions Ltd. ICRA AAA(CE) 1.10
National Highways Authority Of India ( ) CRISIL AAA 0.67
National Bank for Agriculture & Rural Development ICRA AAA 0.16
Steel Authority of India Ltd. FITCH IND AA- 0.03
Public Sector Undertakings - Total 41.83
Corporate Debt/Financial Institutions
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^) CARE AA(CE) 6.77
HDFC Ltd. CRISIL AAA 5.01
Oberoi Realty Limited ( ) (^) CARE AA+ 3.40
Talwandi Sabo Power Ltd. ( Unconditional and Irrevocable Corporate Guarantee of Vedanta Ltd.) CRISIL AA-(CE) 2.54
Nuvoco Vistas Corporation Ltd. ( ) CRISIL AA 2.26
Embassy Office Parks Reit ( ) CRISIL AAA 2.26
Kotak Mahindra Prime Ltd. CRISIL AAA 2.05
Reliance Industries Ltd. CRISIL AAA 1.96
Embassy Office Parks Reit CRISIL AAA 1.09
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 0.97
Zuvan Energy Pvt. Ltd. # CARE AA(CE) 0.20
Shreyas Renwable Energy Pvt. Ltd. # CARE AA(CE) 0.20
SEI Enerstar Renewable Energy Pvt. Ltd. # CARE AA(CE) 0.20
SEI Baskara Power Pvt. Ltd. # CARE AA(CE) 0.20
Pratyash Renewable Pvt. Ltd. # CARE AA(CE) 0.20
Elena Renewable Energy Pvt. Ltd. # CARE AA(CE) 0.20
Divyesh Power Pvt. Ltd. # CARE AA(CE) 0.20
Aashman Energy Pvt. Ltd. # CARE AA(CE) 0.20
Aarish Solar Power Ltd. # CARE AA(CE) 0.20
The Indian Hotels Company Ltd. CARE AA 0.14
Tata Sons Private Ltd. CRISIL AAA 0.14
SEI Mihir Energy Pvt. Ltd. # CARE AA(CE) 0.13
Muthoot Finance Ltd. ICRA AA 0.03
IOT Utkal Energy Services Ltd. CRISIL AAA 0.01
Corporate Debt/Financial Institutions - Total 30.56
Treasury Bills
364 Days Treasury Bill 29/04/2021 SOV 0.45
Treasury Bills - Total 0.45
Triparty Repo 11.61
Net Current Assets/(Liabilities) 98.98
Net Current Assets/(Liabilities) 2.95
Grand Total 100.00

# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of Rs 10000 Since Inception 5 years 3 years 1 year
Total amount invested (Rs) 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Feb 26, 2021 (Rs) 10,80,905 7,06,759 3,97,278 1,23,587
Scheme Returns (%) 7.11 6.51 6.54 5.71
Nifty Medium Duration Index Returns (%) 8.60 8.55 9.38 5.75
Alpha -1.49 -2.04 -2.83 -0.05
Nifty Medium Duration Index (Rs)# 11,39,747 7,43,613 4,14,174 1,23,616
CRISIL 10 Year Gilt Index (Rs)^ 10,88,846 7,12,826 4,03,787 1,20,790
CRISIL 10 Year Gilt Index Returns (%) 7.32 6.85 7.64 1.25

Scheme Inception : -March 21, 2014. 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 Option Rs17.1971
Direct Growth OptionRs18.3072
Quarterly Dividend Rs10.4918
Direct Quarterly Dividend Rs10.7119
Annual Dividend Rs10.9592
Direct Annual Dividend Rs18.3069

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 Medium Duration Debt Index
Allotment dateMarch 21, 2014
AAUMRs2,180.02 crs
AUMRs2,188.33 crs
Folio count12,653

Dividend Frequency

Quarterly (20th of Mar, Jun, Sep and Dec of every Year), Annually (12th of March)


Ratios
Average Maturity3.78 yrs
Modified Duration2.63 yrs
Portfolio Yield6.99%
Modified Duration2.81 yrs
$Standard Deviation5.77%
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Purchase:Rs 5000 and in multiple of Rs1 for purchase and for Rs0.01 for switches
Additional Purchase: Rs1000 & in multiples of Rs1.for purchases and for Rs0.01 for switches.
Ideal Investment Horizon: 2.5 years & above


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load: a) For redemption / switch out of upto 3% of the initial investment amount (limit) purchased or switched in within 6 months from the date of allotment: Nil.
b) If units redeemed or switched out are in excess of the limit within 6 months from the date of allotment: 1%
c) If units are redeemed or switched out on or after 6 months from the date of allotment: NIL


Total Expense Ratio**

Regular: 1.80%; Direct: 0.76%


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, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 years

* 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 22.94% 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'