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Kotak Floater Short Term is an open ended debt scheme. The investment objective of the scheme is to reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives.  There is no asurance that or guaratee that the investment objective of the scheme will be achieved.

 

Scheme Facts

Structure
An Open- Ended Debt Scheme
AUM*
₹ 12054.74 Cr.
AAUM*
₹ 11941.21 Cr.
Fund managers
Mr Deepak Agrawal
Conversion Date
August 13, 2004
Benchmark
Crisil Liquid Fund Index

Load structure

Entry load
Nil
Exit load
Nil

Other details

Min. Initial Inv.
` 5000 under Growth, Weekly Dividend and Monthly Dividend Payout & Reinvestment Option & 1,00,000 under Daily Dividend Reinvestment Option
Additional Inv.
` 1000 & in multiples of Re. 1
Standard Deviation ^
0.1 %
YTM^
6.36 %
Portfolio Modified Duration^
0.12 Yrs
Average maturity^
0.12 Yrs

Expense Ratio

KOTAK FLOATER SHORT TERM - 0.15%
KOTAK FLOATER SHORT TERM-DIRECT - 0.1%

Service tax on management Fees & B15 TER not included

 

Top 10 Companies As on 31/08/2017

8.06%AXIS Bank Ltd.(ICRA A1+)
7.89%80 Days Cah Management Bill 18/09/2017(SOV)
6.77%Power Finance Corporation Ltd.(CRISIL A1+)
6.65%Reliance Industries Ltd.(CRISIL A1+)
5.49%Suraksha Realty Ltd ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) (CARE A1+(SO))
4.84%Muthoot Finance Ltd(CRISIL A1+)
4.31%HDFC Ltd.(CRISIL A1+)
4.06%HDFC Ltd.(ICRA A1+)
4.04%Piramal Finance Limited(ICRA A1+)
4.03%HDFC Bank Ltd.(CARE A1+)
 

RATING PROFILE IN As on 31/08/2017

92.78%A1+, A1+(IND), A1+(SO), AAA, IND A1+(SO), SOV
3.23%Bill Rediscounting
3.2%CBLO & Term Deposits & Rev.Repo
0.53%IND AA-(SO)
0.26%Net Current Assets
 

SUITABLE FOR INVESTORS WHO ARE SEEKING*

income over a short term investment horizon


investment in floating rate securities, debt & money market securities


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

Sector Allocation As on 31/08/2017

74.15Commercial Paper (CP)/Certificate of Deposits (CD)
21.11Treasury Bills
2.36Bill Rediscounting
1.91Debentures and Bonds
0.33Net Current Assets
0.14CBLO & Term Deposits & Rev.Repo

Essential Downloads

Disclaimer

 

Source: ICRA MFI Explorer. 
*All data as on 31st August 2017.