| KOTAK DYNAMIC BOND FUND
An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate credit risk.
An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate credit risk.
| KOTAK DYNAMIC BOND FUND
An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate 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*:
An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate credit risk.
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Investment Objective
The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt
and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt
and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
| Issuer/Instrument | Rating | % to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.30% Central Government | SOV | 45.67 |
| 7.25% Central Government(^) | SOV | 8.53 |
| 7.18% Central Government(^) | SOV | 6.62 |
| 7.46% Central Government | SOV | 3.90 |
| 7.34% Central Government | SOV | 3.84 |
| 7.10% Central Government | SOV | 2.46 |
| 7.63% Maharashtra State Govt(^)-Maharashtra | SOV | 1.46 |
| 7.38% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.43 |
| 7.42% Karnataka State Govt-Karnataka | SOV | 0.22 |
| 6.53% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.03 |
| 6.52% Karnataka State Govt-Karnataka | SOV | 0.02 |
| 6.62% Uttar Pradesh State Govt-Uttar Pradesh | SOV | 0.01 |
| Government Dated Securities - Total | 73.19 | |
| Public Sector Undertakings | ||
| Rural Electrification Corporation Ltd.(^) | CRISIL AAA | 0.62 |
| Public Sector Undertakings - Total | 0.62 | |
| Corporate Debt/Financial Institutions | ||
| Muthoot Finance Ltd. | CRISIL AA+ | 6.48 |
| HDFC Bank Ltd.(^) | CRISIL AAA | 5.23 |
| HDFC Bank Ltd. | CRISIL AAA | 2.80 |
| Tata Steel Ltd. (^) | FITCH AA+ | 2.76 |
| Corporate Debt/Financial Institutions - Total | 17.27 | |
| Triparty Repo | 1.86 | |
| 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 | ||
| Embassy Office Parks REIT | Realty | 3.51 |
| BHARAT HIGHWAYS INVIT | Construction | 1.31 |
| BROOKFIELD INDIA REAL ESTATE TRUST | Realty | 1.14 |
| NEXUS SELECT TRUST REIT | Realty | 0.55 |
| Real Estate & Infrastructure Investment Trusts - Total | 6.51 | |
| Net Current Assets/(Liabilities) | 0.31 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 19,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on August 30, 2024 (₹) | 39,09,075 | 17,52,228 | 10,76,613 | 7,07,686 | 4,03,150 | 1,26,680 |
| Scheme Returns (%) | 7.93 | 7.35 | 6.98 | 6.54 | 7.50 | 10.52 |
| Nifty Composite Debt Index A-III Returns (%) | 7.60 | 7.10 | 6.88 | 6.35 | 7.08 | 8.90 |
| Alpha* | 0.33 | 0.25 | 0.10 | 0.20 | 0.42 | 1.62 |
| Nifty Composite Debt Index A-III (₹)# | 37,93,477 | 17,29,030 | 10,72,624 | 7,04,201 | 4,00,665 | 1,25,667 |
| Nifty Composite Debt Index Returns (%) | 7.74 | 7.30 | 7.12 | 6.63 | 7.31 | 9.09 |
| Alpha* | 0.19 | 0.06 | -0.14 | -0.08 | 0.19 | 1.43 |
| Nifty Composite Debt Index (₹)# | 38,43,020 | 17,46,969 | 10,81,964 | 7,09,176 | 4,02,036 | 1,25,786 |
| CRISIL 10 Year Gilt Index (₹)^ | 34,14,958 | 16,49,326 | 10,43,853 | 6,94,502 | 4,03,520 | 1,26,608 |
| CRISIL 10 Year Gilt Index (%) | 6.44 | 6.20 | 6.12 | 5.79 | 7.56 | 10.40 |
Scheme Inception : - May 26, 2008. 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 | Rs35.2750 | Rs38.2355 |
| Quarterly IDCW | Rs13.2897 | Rs13.4189 |
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 Composite
Debt Index A-III
(Tier 1), Nifty Composite Debt Index (Tier 2) |
| Allotment date | May 26, 2008 |
| AAUM | Rs2,646.64 crs |
| AUM | Rs2,712.87 crs |
| Folio count | 19,070 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 24.02 yrs |
| Modified Duration | 9.97 yrs |
| Macaulay Duration | 10.35 yrs |
| Annualised YTM* | 7.29% |
| $Standard Deviation | 2.20% |
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 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
| Regular Plan: | 1.32% |
| Direct Plan: | 0.57% |
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 across durations.
* 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/2023/74 dated May 19, 2023 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'
***As per para 1.9 of of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023 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'