| KOTAK BOND SHORT TERM FUND
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
A relatively high interest rate risk and moderate credit risk.
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
A relatively high interest rate risk and moderate credit risk.
| KOTAK BOND SHORT TERM FUND
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
A relatively high interest rate risk and moderate credit risk.
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
A relatively high interest rate risk and moderate credit risk.
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Investment Objective
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by
investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills,
commercial papers, certificates 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. There is no assurance that the investment objective of the Scheme will be realised.
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by
investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills,
commercial papers, certificates 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. There is no assurance that the investment objective of the Scheme will be realised.
| Issuer/Instrument | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.18% Central Government(^) | SOV | 10.99 |
| 8.34% Central Government(^) | SOV | 10.19 |
| 7.32% Central Government(^) | SOV | 8.86 |
| 7.10% Central Government | SOV | 4.58 |
| 7.17% Central Government(^) | SOV | 3.32 |
| 7.98% Central Government(^) | SOV | 1.93 |
| 8.00% Central Government | SOV | 1.38 |
| 7.76% Maharashtra State Govt-Maharashtra | SOV | 0.64 |
| 7.63% Maharashtra State Govt-Maharashtra | SOV | 0.57 |
| GS CG 19/03/2029 - (STRIPS) | SOV | 0.19 |
| 6.97% Karnataka State Govt(^)-Karnataka | SOV | 0.16 |
| GS CG 22 Aug 2026 - (STRIPS) | SOV | 0.11 |
| GS CG 12/03/2029 - (STRIPS) | SOV | 0.11 |
| GS CG 22 Feb 2028 - (STRIPS) | SOV | 0.10 |
| Government Dated Securities - Total | 43.13 | |
| Public Sector Undertakings | ||
| National Bank For Agriculture & Rural Development | CRISIL AAA | 6.04 |
| National Bank For Agriculture & Rural Development | ICRA AAA | 3.44 |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 2.65 |
| Small Industries Development Bank Of India | CRISIL AAA | 2.21 |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 1.40 |
| DME Development Limited (^) | CRISIL AAA | 0.68 |
| Canara Bank(Basel Iii Tier Ii Bonds)(^) | FITCH AAA | 0.62 |
| Small Industries Development Bank Of India | ICRA AAA | 0.46 |
| National Bank For Agriculture & Rural Development | FITCH AAA | 0.31 |
| Public Sector Undertakings - Total | 17.81 | |
| Corporate Debt/Financial Institutions | ||
| LIC Housing Finance Ltd. (^) | CRISIL AAA | 7.00 |
| HDB Financial Services Ltd. | CRISIL AAA | 4.28 |
| Bajaj Finance Ltd. | CRISIL AAA | 4.14 |
| HDFC Bank Ltd. | CRISIL AAA | 2.37 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 2.18 |
| HDFC Bank Ltd. (^) | CRISIL AAA | 1.85 |
| L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) | CRISIL AAA(CE) | 1.83 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) | CRISIL AAA | 1.40 |
| Toyota Financial Services India Ltd. | ICRA AAA | 1.25 |
| Tata Capital Ltd. | CRISIL AAA | 1.24 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH AAA | 1.24 |
| Tata Capital Housing Finance Ltd. | CRISIL AAA | 0.95 |
| ICICI Home Finance Company Limited | ICRA AAA | 0.75 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.66 |
| Tata Capital Ltd. | ICRA AAA | 0.62 |
| SMFG India Credit Co. Ltd. | ICRA AAA | 0.62 |
| India Grid Trust | CRISIL AAA | 0.61 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 0.56 |
| PTC Sansar Trust (SERIES A1) 20/01/2027 (MAT 20/11/2029)(Sansar Trust) | CRISIL AAA(SO) | 0.47 |
| PTC Sansar Trust (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(Sansar Trust) | CRISIL AAA(SO) | 0.31 |
| Nomura Capital (India) Private Limited | FITCH AAA | 0.28 |
| Corporate Debt/Financial Institutions - Total | 34.61 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Corporate Debt/Financial Institutions | ||
| Tata Consumer Products Ltd. | ICRA A1+ | 0.62 |
| Corporate Debt/Financial Institutions - Total | 0.62 | |
| Triparty Repo | 0.69 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.24 |
| Alternative Investment Fund - Total | 0.24 | |
| Net Current Assets/(Liabilities) | 2.90 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 26,80,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on August 30, 2024 (₹) | 65,55,155 | 16,75,401 | 10,47,476 | 6,95,168 | 3,96,866 | 1,25,090 |
| Scheme Returns (%) | 7.33 | 6.50 | 6.21 | 5.83 | 6.44 | 7.99 |
| Nifty Short Duration Debt Index A-II Returns (%) | 7.46 | 6.66 | 6.38 | 6.07 | 6.71 | 7.81 |
| Alpha* | -0.13 | -0.16 | -0.17 | -0.24 | -0.26 | 0.18 |
| Nifty Short Duration Debt Index A-II (₹)# | 66,68,526 | 16,89,587 | 10,53,682 | 6,99,300 | 3,98,431 | 1,24,978 |
| Nifty Short Duration Index Returns (%) | 7.59 | 6.87 | 6.60 | 6.25 | 6.73 | 7.68 |
| Alpha* | -0.27 | -0.37 | -0.38 | -0.42 | -0.29 | 0.30 |
| Nifty Short Duration Index (₹)# | 67,88,125 | 17,08,350 | 10,61,874 | 7,02,564 | 3,98,558 | 1,24,898 |
| CRISIL 10 Year Gilt Index (₹)^ | 57,49,608 | 16,49,326 | 10,43,853 | 6,94,502 | 4,03,520 | 1,26,608 |
| CRISIL 10 Year Gilt Index (%) | 6.31 | 6.20 | 6.12 | 5.79 | 7.56 | 10.40 |
Scheme Inception : - May 02,2002. 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. The SIP Performance is for Regular Plan – Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark
return. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.
Net Asset Value (NAV)
| Regular | Direct | |
| Growth | Rs48.7859 | Rs53.3664 |
| IDCW | Rs11.5521 | Rs15.1002 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (applicable for all plans)
| Fund Manager*^ | Mr. Deepak Agrawal, Mr. Abhishek Bisen |
| Benchmark*** | Nifty Short Duration Debt Index A-II (Tier 1), Nifty Short Duration Debt Index (Tier 2) |
| Allotment date | May 2, 2002 |
| AAUM | Rs15,567.71 crs |
| AUM | Rs16,078.88 crs |
| Folio count | 19,211 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 4.97 yrs |
| Modified Duration | 2.85 yrs |
| Macaulay Duration | 3.00 yrs |
| Annualised YTM* | 7.52% |
| $Standard Deviation | 0.69% |
$Source: ICRA MFI Explorer.
Minimum Investment Amount
Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter
Ideal Investments Horizon
• 1 years & above
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
| Regular Plan: | 1.11% |
| Direct Plan: | 0.37% |
Data as on 31st August, 2024 unless
otherwise specified.
Folio count data as on 31st July 2024.
^Ms. Palha Khanna (Dedicated fund manager for investments in foreign securities).
Folio count data as on 31st July 2024.
Fund
Benchmark - Tier 1
Benchmark - Tier 2
This product is suitable for investors who are seeking*:
- Income over a medium term investment horizon
- Investment in debt & money market securities with portfolio Macaulay duration between 1 year & 3 years
* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
The above risk-o—meter is based on the scheme portfolio as on 31st July, 2024. An addendum may be issued or updated on the website for new riskometer.
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Aug 2024 is 1.85% of the net assets.
***As per para 1.9 of of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 The first tier benchmark is reflective of the category of the scheme and the second tier benchmark is demonstrative of the investment style / strategy of the Fund Manager within the category.
**Total Expense Ratio includes applicable B30 fee and GST
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'