| KOTAK DEBT HYBRID FUND
An open-ended hybrid scheme investing predominantly in debt instruments
An open-ended hybrid scheme investing predominantly in debt instruments
| KOTAK DEBT HYBRID FUND
An open-ended hybrid scheme investing predominantly in debt instruments
An open-ended hybrid scheme investing predominantly in debt instruments
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Investment Objective
The investment objective of the scheme is to
enhance returns over a portfolio of debt
instruments with a moderate exposure in
equity and equity related instruments. By
investing in debt securities, the scheme will
aim at generating regular returns, while
enhancement of return is intended through
investing in equity and equity related
securities. The scheme may also use various
derivative and hedging products from time
to time, in the manner permitted by SEBI.
There is no assurance that the investment
objective of the schemes will be realised.
The investment objective of the scheme is to
enhance returns over a portfolio of debt
instruments with a moderate exposure in
equity and equity related instruments. By
investing in debt securities, the scheme will
aim at generating regular returns, while
enhancement of return is intended through
investing in equity and equity related
securities. The scheme may also use various
derivative and hedging products from time
to time, in the manner permitted by SEBI.
There is no assurance that the investment
objective of the schemes will be realised.
| Issuer/Instrument | Rating | % to Net Assets |
|
|---|---|---|---|
| Equity & Equity related |
|||
| Automobiles | 2.90 | ||
| Maruti Suzuki India Limited | 1.52 | ||
| Hero MotoCorp Ltd. | 1.38 | ||
| Banks | 2.59 | ||
| Bank Of Baroda | 0.91 | ||
| Axis Bank Ltd. | 0.73 | ||
| State Bank Of India | 0.59 | ||
| INDIAN BANK | 0.36 | ||
| Petroleum Products | 1.79 | ||
| Hindustan Petroleum Corporation Ltd | 1.02 | ||
| Reliance Industries Ltd. | 0.77 | ||
| Diversified FMCG | 1.71 | ||
| Hindustan Unilever Ltd. | 1.31 | ||
| ITC Ltd. | 0.40 | ||
| IT - Software | 1.60 | ||
| Tech Mahindra Ltd. | 0.95 | ||
| Infosys Ltd. | 0.36 | ||
| Mphasis Ltd | 0.29 | ||
| Finance | 1.54 | ||
| Power Finance Corporation Ltd. | 1.42 | ||
| JIO Financial Services Ltd | 0.12 | ||
| Auto Components | 1.30 | ||
| Samvardhana Motherson International Limited | 0.71 | ||
| Subros Ltd. | 0.59 | ||
| Power | 1.22 | ||
| National Thermal Power Corporation Limited | 1.22 | ||
| Telecom - Services | 1.05 | ||
| Bharti Airtel Ltd | 1.00 | ||
| Bharti Airtel Ltd - Partly Paid Shares | 0.05 | ||
| Gas | 1.03 | ||
| GAIL (India) Ltd. | 1.03 | ||
| Beverages | 0.87 | ||
| Radico Khaitan Ltd. | 0.56 | ||
| United Spirits Ltd. | 0.31 | ||
| Industrial Manufacturing | 0.86 | ||
| Jyoti CNC Automation Ltd | 0.44 | ||
| JNK India Limited | 0.27 | ||
| Dee Development Engineeers Ltd | 0.15 | ||
| Consumer Durables | 0.76 | ||
| Pokarna Ltd. | 0.51 | ||
| Century Plyboards (India) Ltd. | 0.25 | ||
| Food Products | 0.70 | ||
| Prataap Snacks Ltd | 0.38 | ||
| Britannia Industries Ltd. | 0.32 | ||
| Insurance | 0.68 | ||
| Life Insurance Corporation Of India Ltd. | 0.68 | ||
| Retailing | 0.47 | ||
| Brainbees Solutions Limited | 0.47 | ||
| Cement and Cement Products | 0.45 | ||
| Ambuja Cements Ltd. | 0.45 | ||
| Healthcare Services | 0.39 | ||
| Fortis Healthcare India Ltd | 0.39 | ||
| Agricultural, Commercial and Construction Vehicles | 0.31 | ||
| V.S.T Tillers Tractors Ltd | 0.31 | ||
| Personal Products | 0.28 | ||
| Dabur India Ltd. | 0.28 | ||
| Leisure Services | 0.26 | ||
| Jubilant Foodworks Limited | 0.18 | ||
| Barbeque Nation Hospitality Ltd. | 0.08 | ||
| Entertainment | 0.20 | ||
| Zee Entertainment Enterprises Ltd | 0.20 | ||
| Realty | 0.16 | ||
| Mahindra Lifespace Developers Ltd | 0.16 | ||
| Capital Markets | 0.03 | ||
| Premier Energies Limited | 0.03 | ||
| Equity & Equity related - Total | 23.15 | ||
| Debt Instruments | |||
| Debentures and Bonds | |||
| Government Dated Securities | |||
| 7.18% Central Government(^) | SOV | 16.12 | |
| 7.25% Central Government | SOV | 8.20 | |
| 7.30% Central Government | SOV | 8.05 | |
| 7.02% Central Government | SOV | 6.22 | |
| 7.46% Central Government | SOV | 4.79 | |
| 7.32% Central Government(^) | SOV | 4.27 | |
| 7.34% Central Government | SOV | 2.83 | |
| 7.17% Central Government | SOV | 2.14 | |
| 7.09% Central Government | SOV | 1.83 | |
| 8.34% Central Government(^) | SOV | 1.49 | |
| 7.45% Maharashtra State Govt-Maharashtra | SOV | 1.48 | |
| 7.95% Central Government | SOV | 0.37 | |
| 7.65% Madhya Pradesh State Govt-Madhya Pradesh | SOV | 0.18 | |
| 6.57% Andhra Pradesh State Govt-Andhra Pradesh | SOV | 0.18 | |
| GS 5.63% CG 12/04/2026 - (STRIPS) | SOV | 0.16 | |
| 7.72% Central Government(^) | SOV | 0.16 | |
| 7.96% Punjab State Govt-Punjab | SOV | 0.11 | |
| 7.84% Maharashtra State Govt-Maharashtra | SOV | 0.11 | |
| 7.96% Maharashtra State Govt-Maharashtra | SOV | 0.09 | |
| 8.29% Andhra Pradesh State Govt-Andhra Pradesh | SOV | 0.07 | |
| 8.05% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.07 | |
| 9.15% Central Government | SOV | 0.07 | |
| 7.98% Kerala State Govt-Kerala | SOV | 0.06 | |
| GS CG 22 Aug 2026 - (STRIPS) | SOV | 0.05 | |
| 7.26% Central Government(^) | SOV | 0.04 | |
| GS CG 23/12/2025 - (STRIPS) | SOV | 0.03 | |
| GS CG 22 Feb 2027 - (STRIPS) | SOV | 0.03 | |
| Government Dated Securities - Total | 59.20 | ||
| Public Sector Undertakings | |||
| Rural Electrification Corporation Ltd. | CRISIL AAA | 1.20 | |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 1.20 | |
| National Thermal Power Corporation Ltd. | CRISIL AAA | 0.88 | |
| State Bank of India. (Basel III TIER I Bonds) | CRISIL AA+ | 0.85 | |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 0.72 | |
| Small Industries Development Bank Of India | ICRA AAA | 0.72 | |
| Punjab National Bank (Basel III TIER I Bonds) | CRISIL AA+ | 0.55 | |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.42 | |
| National Bank For Agriculture & Rural Development | CRISIL AAA | 0.41 | |
| Indian Railway Finance Corporation Ltd. | CRISIL AAA | 0.27 | |
| Power Grid Corporation of India Ltd. | CRISIL AAA | 0.20 | |
| Public Sector Undertakings - Total | 7.42 | ||
| Corporate Debt/Financial Institutions | |||
| HDFC Bank Ltd. | CRISIL AAA | 0.92 | |
| Bajaj Finance Ltd. | CRISIL AAA | 0.90 | |
| Aditya Birla Finance Ltd. | ICRA AAA | 0.37 | |
| Mahindra & Mahindra Financial Services Ltd. | CRISIL AAA | 0.03 | |
| Corporate Debt/Financial Institutions - Total | 2.22 | ||
| Triparty Repo | 5.41 | ||
| Alternative Investment Fund | |||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.24 | |
| Alternative Investment Fund - Total | 0.24 | ||
| Real Estate & Infrastructure Investment Trusts | |||
| BHARAT HIGHWAYS INVIT | Construction | 0.05 | |
| Real Estate & Infrastructure Investment Trusts - Total | 0.05 | ||
| Net Current Assets/(Liabilities) | 2.31 | ||
| Grand Total | 100.00 | ||
| | |||
| Monthly SIP of (Rs) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 24,90,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on August 30, 2024 (Rs) | 73,34,586 | 21,00,884 | 12,81,838 | 8,28,500 | 4,41,757 | 1,31,908 |
| Scheme Returns (%) | 9.43 | 10.79 | 11.87 | 12.88 | 13.77 | 18.97 |
| CRISIL Hybrid 85+15 - Conservative Index Returns (%) | 8.89 | 9.06 | 9.22 | 9.26 | 10.18 | 13.88 |
| Alpha* | 0.54 | 1.73 | 2.65 | 3.61 | 3.59 | 5.09 |
| CRISIL Hybrid 85+15 - Conservative Index (Rs)# | 68,65,912 | 19,17,200 | 11,66,201 | 7,57,424 | 4,19,363 | 1,28,774 |
| CRISIL 10 Year Gilt Index (Rs)^ | 50,68,790 | 16,49,326 | 10,43,853 | 6,94,502 | 4,03,520 | 1,26,608 |
| CRISIL 10 Year Gilt Index Returns (%) | 6.37 | 6.20 | 6.12 | 5.79 | 7.56 | 10.40 |
Scheme Inception : - December 02, 2003. 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. TRI – Total Return Index, In terms of para 6.14 of SEBI Master circular No.SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). 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 | Rs56.5403 | Rs64.6022 |
| Monthly IDCW | Rs13.3610 | Rs14.5056 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (applicable for all plans)
| Fund Manager*^ | Mr. Devender Singhal & Mr. Abhishek Bisen |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index |
| Allotment date | December 02, 2003 |
| AAUM | Rs2,703.85 crs |
| AUM | Rs2,760.72 crs |
| Folio count | 45,475 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 17.34 yrs |
| Modified Duration | 7.61 yrs |
| Macaulay Duration | 7.89 yrs |
| Annualised YTM* | 7.09% |
| $Standard Deviation | 3.84% |
| P/E$$ | 21.53 |
| P/BV$$ | 3.26 |
*in case of semi annual YTM, it will be annualized.
$$Equity Component of the Portfolio.
Minimum Investment Amount
Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter
Ideal Investments Horizon
• 3 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load:
a) For redemption / switch out of upto 8%
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
after 6 months from the date of allotment:
NIL
Total Expense Ratio**
| Regular Plan: | 1.68% |
| Direct Plan: | 0.48% |
Data as on 31st August, 2024 unless
otherwise specified.
Folio count data as on 31st July 2024.
Folio count data as on 31st July 2024.
Fund
Benchmark
This product is suitable for investors who are seeking*:
- Income & capital growth over a long term horizon
- Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments
* 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 0.90% of the net assets.
##Risk rate assumed to be 6.80% (FBIL Overnight MIBOR rate as on 30th Aug 2024).**Total Expense Ratio includes applicable B30 fee and GST.
^Ms. Palha Khanna (Dedicated fund manager for investments in foreign securities)
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'