| KOTAK CREDIT RISK FUND
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
| KOTAK CREDIT RISK FUND
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
(as on August 30, 2024)
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.
This product is suitable for investors who are seeking*:
**Total Expense Ratio includes applicable B30 fee and GST.
***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.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'
An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.
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Investment Objective
The investment objective of the scheme is to generate income by investing in debt /and money market securities
across the yield curve and predominantly in AA rated and below corporate securities. The scheme would also seek to maintain reasonable
liquidity within the fund. There is no assurance that the investment objective of the Schemes will be realised.
The investment objective of the scheme is to generate income by investing in debt /and money market securities
across the yield curve and predominantly in AA rated and below corporate securities. The scheme would also seek to maintain reasonable
liquidity within the fund. There is no assurance that the investment objective of the Schemes will be realised.
| Issuer/Instrument | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.18% Central Government | SOV | 9.63 |
| 7.1% Central Government | SOV | 1.30 |
| Government Dated Securities - Total | 10.93 | |
| Public Sector Undertakings | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 3.70 |
| THDC India Ltd. (THDCIL) | CARE AA | 1.27 |
| Public Sector Undertakings - Total | 4.97 | |
| Corporate Debt/Financial Institutions | ||
| Tata Power Company Ltd. | CARE AA+ | 8.86 |
| Godrej Industries Ltd | CRISIL AA | 6.44 |
| Tata Projects Ltd. | CRISIL AA | 6.39 |
| Aadhar Housing Finance Limited | CARE AA | 5.76 |
| Century Textiles & Industries Ltd. | CRISIL AA | 5.37 |
| PTC Vajra Trust (SERIES A1) 20/02/2029 (MAT 20/02/2027)(Vajra Trust) | ICRA AAA(SO) | 5.20 |
| Prestige Projects Pvt. Ltd | ICRA A | 5.14 |
| Indostar Capital Finance Limited | CRISIL AA- | 5.12 |
| India Grid Trust | CRISIL AAA | 4.51 |
| AU Small Finance Bank Ltd. | CRISIL AA | 3.88 |
| Jm Financial Products Limited | ICRA AA | 3.82 |
| Macrotech Developers Ltd | ICRA AA- | 2.68 |
| Nirma Ltd. | CRISIL AA | 2.58 |
| Aadhar Housing Finance Limited | ICRA AA | 2.58 |
| Tata Projects Ltd. | FITCH AA | 0.64 |
| PTC Dhruva Trust (SERIES A1) 24/03/2030 (MAT 24/10/2029)(Dhruva Trust) | ICRA AAA(SO) | 0.64 |
| Corporate Debt/Financial Institutions - Total | 69.61 | |
| Triparty Repo | 1.32 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.47 |
| Alternative Investment Fund - Total | 0.47 | |
| Real Estate & Infrastructure Investment Trusts | ||
| Embassy Office Parks REIT | Realty | 4.44 |
| BHARAT HIGHWAYS INVIT | Construction | 3.08 |
| BROOKFIELD INDIA REAL ESTATE TRUST | Realty | 2.13 |
| Real Estate & Infrastructure Investment Trusts - Total | 9.65 | |
| Net Current Assets/(Liabilities) | 3.05 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 17,20,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on August 30, 2024 (₹) | 29,07,588 | 16,59,328 | 10,38,090 | 6,95,579 | 3,98,237 | 1,25,931 |
| Scheme Returns (%) | 6.98 | 6.31 | 5.96 | 5.86 | 6.67 | 9.32 |
| CRISIL Credit Risk Debt B-II Index Returns (%) | 8.39 | 7.89 | 7.70 | 7.38 | 7.64 | 8.24 |
| Alpha* | -1.42 | -1.58 | -1.74 | -1.53 | -0.97 | 1.08 |
| CRISIL Credit Risk Debt B-II Index (₹)# | 32,49,308 | 18,01,980 | 11,04,572 | 7,22,726 | 4,04,014 | 1,25,252 |
| NIFTY Credit Risk Bond Index Returns (%) | 8.82 | 8.46 | 8.40 | 8.25 | 8.32 | 8.48 |
| Alpha* | -1.84 | -2.15 | -2.44 | -2.40 | -1.65 | 0.84 |
| NIFTY Credit Risk Bond Index (₹)# | 33,59,403 | 18,56,944 | 11,32,440 | 7,38,637 | 4,08,065 | 1,25,403 |
| CRISIL 10 Year Gilt Index (₹)^ | 28,01,801 | 16,49,326 | 10,43,853 | 6,94,502 | 4,03,520 | 1,26,608 |
| CRISIL 10 Year Gilt Index (%) | 6.50 | 6.20 | 6.12 | 5.79 | 7.56 | 10.40 |
Scheme Inception : - May 11, 2010. 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 | Rs27.8384 | Rs31.0723 |
| Annual IDCW | Rs12.1065 | Rs23.3383 |
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. Sunit Garg |
| Benchmark*** |
CRISIL Credit Risk Debt
B-II Index (Tier 1), Nifty Credit Risk Bond Index (Tier 2) |
| Allotment date | May 11, 2010 |
| AAUM | Rs781.33 crs |
| AUM | Rs779.46 crs |
| Folio count | 7,363 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 3.00 yrs |
| Modified Duration | 2.35 yrs |
| Macaulay Duration | 2.48 yrs |
| Annualised YTM* | 8.59% |
| $Standard Deviation | 1.04% |
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
• 2-3 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: a) For redemption / switch out of
upto 6% of the initial investment amount
(limit) purchased or switched in within 1
year from the date of allotment: Nil.
b) If units redeemed or switched out are in
excess of the limit within 1 year from the
date of allotment: 1%
c) If units are redeemed or switched out on
or after 1 year from the date of allotment:
NIL
Total Expense Ratio**
| Regular Plan: | 1.71% |
| Direct Plan: | 0.79% |
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 predominantly in in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
* 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.
**Total Expense Ratio includes applicable B30 fee and GST.
***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.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'