| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months
| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months

  

  
Investment Objective
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, 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 returns through investments in debt and money market instruments with a view to reduce the interest rate risk. 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
5.09% Central Government(^) SOV 1.94
7.80% Central Government SOV 1.89
7.94% Central Government SOV 1.79
Government Dated Securities - Total 5.62
Public Sector Undertakings
Rural Electrification Corporation Ltd. CRISIL AAA 1.75
Power Finance Corporation Ltd. CRISIL AAA 0.59
Small Industries Development Bank Of India(^) CARE AAA 0.42
Food Corporation of India CRISIL AAA(CE) 0.03
Public Sector Undertakings - Total 2.79
Corporate Debt/Financial Institutions
HDFC Ltd.(^) CRISIL AAA 6.42
Bharti Telecom Ltd.(^) CRISIL AA+ 5.81
Bajaj Finance Ltd.(^) CRISIL AAA 2.75
Muthoot Finance Ltd.(^) ICRA AA 0.96
Muthoot Finance Ltd.(^) CRISIL AA+ 1.69
Rent A Device Trust ( Underlying customer Reliance Retail ) ICRA AAA(SO) 2.21
Reliable Devices Trust ( Underlying customer Reliance Retail ) ICRA AAA(SO) 1.69
Aditya Birla Finance Ltd. ICRA AAA 1.00
Reliance Industries Ltd. CRISIL AAA 0.90
Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) ICRA AAA(CE) 0.89
LIC Housing Finance Ltd.(^) CRISIL AAA 0.86
HDB Financial Services Ltd.(^) CRISIL AAA 0.86
Bajaj Housing Finance Ltd. ( ) (^) CRISIL AAA 0.83
Tata Capital Financial Services Limited CRISIL AAA 0.53
LIC Housing Finance Ltd. ( ) CRISIL AAA 0.21
ICICI Home Finance Company Limited CRISIL AAA 0.21
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 0.19
Tata Projects Ltd. FITCH IND AA 0.17
Manappuram Finance Ltd. CRISIL AA 0.17
Bharti Airtel Ltd. CRISIL AA 0.02
Corporate Debt/Financial Institutions - Total 28.37
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Treasury Bills
182 Days Treasury Bill 03/06/2021 SOV 13.19
182 Days Treasury Bill 06/05/2021 SOV 2.91
91 Days Treasury Bill 01/04/2021 SOV 2.40
364 Days Treasury Bill 13/05/2021 SOV 1.66
182 Days Treasury Bill 27/05/2021 SOV 1.66
364 Days Treasury Bill 07/05/2021 SOV 1.60
364 Days Treasury Bill 29/04/2021 SOV 0.73
Treasury Bills - Total 24.15
Public Sector Undertakings
National Bank for Agriculture & Rural Development ICRA A1+ 3.31
National Bank for Agriculture & Rural Development FITCH IND A1+ 3.30
National Bank for Agriculture & Rural Development CRISIL A1+ 3.10
Power Finance Corporation Ltd. CRISIL A1+ 1.03
Public Sector Undertakings - Total 10.74
Corporate Debt/Financial Institutions
Hindustan Zinc Ltd. CRISIL A1+ 3.74
Reliance Industries Ltd. CRISIL A1+ 3.52
LIC Housing Finance Ltd. CRISIL A1+ 3.25
Cholamandalam Investment and Finance Company Ltd. CRISIL A1+ 2.89
Bharti Airtel Ltd. CRISIL A1+ 2.88
HDFC Ltd. CRISIL A1+ 2.44
AXIS Bank Ltd. CRISIL A1+ 2.09
Indus Towers Ltd. CRISIL A1+ 0.83
Daimler Financial Services India CRISIL A1+ 0.80
Deutsche Investments India Pvt. Ltd. CRISIL A1+ 0.21
Corporate Debt/Financial Institutions - Total 22.65
Triparty Repo 4.37
Net Current Assets/(Liabilities) 1.31
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) 19,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Feb 26, 2021 (Rs) 39,33,762 17,62,787 10,75,019 7,08,092 3,95,000 1,22,686
Scheme Returns (%) 7.72 7.48 6.96 6.59 6.16 4.26
Nifty Ultra Short Duration Debt Index Returns (%) 8.02 7.60 7.04 6.66 6.03 2.90
Alpha -0.30 -0.12 -0.08 -0.07 0.12 1.36
Nifty Ultra Short Duration Debt Index (Rs)# 40,45,691 17,74,288 10,78,244 7,09,397 3,94,283 1,21,833
CRISIL 1 Year T-Bill Index (Rs)^ 35,27,052 17,04,178 10,61,529 7,03,884 3,94,728 1,22,521
CRISIL 1 Year T-Bill Index Returns (%) 6.53 6.83 6.60 6.35 6.11 4.00

Scheme Inception : - August 13, 2004. 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
Daily Dividend Option Rs10.0815
Direct Daily Dividend Option Rs10.587
Growth Option Rs33.6128
Direct Growth Option Rs34.5488
Monthly Dividend Option Rs10.7253
Direct Monthly Dividend Option Rs15.6161
Weekly Dividend Option Rs10.5126
Direct Weekly Dividend Option Rs10.5967

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 Ultra Short Duration Debt Index
Allotment dateAugust 13, 2004
AAUMRs12,094.64 crs
AUMRs11,990.52 crs
Folio count42,310

Dividend Frequency

Daily, Monthly (12th of every Month) and Weekly (Every Monday)


Ratios
Average Maturity0.35 yrs
Modified Duration0.33 yrs
Portfolio Yield3.78%
Macaulay Duration0.34 yrs
$Standard Deviation0.75%
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Investment:(i) Dividend Reinvestment & Growth- Rs5000 & above (ii) Dividend Payout (Weekly) - Rs1,00,00,000 & above
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 3-6 months


Load Structure

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


Total Expense Ratio**

Regular: 0.77%; Direct: 0.33%


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 with portfolio Macaulay duration between 3 months & 6 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 11.05% 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'