| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
| KOTAK FLOATING RATE FUND
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved

The primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, 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
8.34% Central Government(^) SOV 16.14
8.00% Central Government SOV 10.64
7.98% Central Government SOV 10.39
7.32% Central Government(^) SOV 5.89
5.77% Central Government SOV 1.74
Government Dated Securities - Total 44.80
Public Sector Undertakings
Small Industries Development Bank Of India CRISIL AAA 8.58
National Bank For Agriculture & Rural Development (^) FITCH AAA 3.07
National Bank For Agriculture & Rural Development (^) ICRA AAA 1.84
National Bank For Agriculture & Rural Development CRISIL AAA 1.84
BANK OF BARODA(Basel III TIER II Bonds) FITCH AAA 0.29
Public Sector Undertakings - Total 15.62
Corporate Debt/Financial Institutions
Muthoot Finance Ltd. CRISIL AA+ 6.42
LIC Housing Finance Ltd. (^) CRISIL AAA 4.91
Bajaj Finance Ltd. (^) CRISIL AAA 4.91
Tata Capital Ltd. ICRA AAA 4.75
Pipeline Infrastructure Limited (^) CRISIL AAA 4.44
Tata Capital Housing Finance Ltd. CRISIL AAA 2.46
Bajaj Housing Finance Ltd. CRISIL AAA 2.33
PTC Dhruva Trust (SERIES A1) 24/03/2030 (MAT 24/10/2029)(Dhruva Trust) ICRA AAA(SO) 1.83
DLF Home Developers Ltd ICRA AA 1.83
Godrej Properties Limited ICRA AA+ 1.23
PTC Vajra Trust (SERIES A1) 20/02/2029 (MAT 20/02/2027)(Vajra Trust) ICRA AAA(SO) 0.99
Bahadur Chand Investments Private Limited ICRA AA 0.60
Godrej Industries Ltd CRISIL AA 0.12
Corporate Debt/Financial Institutions - Total 36.82
Triparty Repo 0.19
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 Alternative Investment Fund 0.34
Alternative Investment Fund - Total 0.34
Net Current Assets/(Liabilities) 2.23
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 5 years 3 years 1 year
Total amount invested (₹) 6,40,000 6,00,000 3,60,000 1,20,000
Total Value as on August 30, 2024 (₹) 7,63,107 7,07,152 4,00,129 1,25,343
Scheme Returns (%) 6.53 6.51 6.99 8.39
Nifty Short Duration Debt Index A-II Returns (%) 6.12 6.07 6.71 7.81
Alpha* 0.42 0.45 0.29 0.58
Nifty Short Duration Debt Index A-II (₹)# 7,54,591 6,99,300 3,98,431 1,24,978
CRISIL 10 Year Gilt Index (₹)^ 7,48,176 6,94,502 4,03,520 1,26,608
CRISIL 10 Year Gilt Index (%) 5.80 5.79 7.56 10.40

Scheme Inception : - May 14, 2019. 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)
RegularDirect
Growth Rs1409.6031Rs1438.1022
IDCW Rs1256.2530Rs1252.8062
(as on August 30, 2024)

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Growth, Payout of IDCW and Reinvestment of IDCW.

IDCW Frequency

At discretion of trustees


Fund Manager*^ Mr. Deepak Agrawal, Mr. Manu Sharma
Benchmark Nifty Short Duration Debt Index A-II
Allotment dateMay 14, 2019
AAUMRs4,120.32 crs
AUMRs4,086.92 crs
Folio count4,648

Debt Quant & Ratios
Average Maturity5.21 yrs
Modified Duration1.60 yrs
Macaulay Duration1.70 yrs
Annualised YTM*7.82%
$Standard Deviation0.48%

*in case of semi annual YTM, it will be annualized.
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. (Applicable for All Plans)


Total Expense Ratio**
Regular Plan: 0.62%
Direct Plan: 0.24%

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).

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in floating & fixed rate debt instruments swapped for floating rate returns and money market 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 21.99% of the net assets.
**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'