| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
| KOTAK MEDIUM TERM FUND
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
A relatively high interest rate risk and relatively high credit risk.
An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
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 regular income and capital appreciation by investing in a
portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the
scheme will be achieved.
The investment objective of the scheme is to generate regular income and capital appreciation by investing in a
portfolio of medium term debt and money market instruments. 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 | ||
| 7.18% Central Government(^) | SOV | 13.90 |
| 7.10% Central Government | SOV | 5.44 |
| 7.30% Central Government | SOV | 3.08 |
| 7.98% Central Government(^) | SOV | 2.42 |
| 6.53% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.17 |
| 6.67% Central Government | SOV | 0.05 |
| Government Dated Securities - Total | 25.06 | |
| Public Sector Undertakings | ||
| DME Development Limited (^) | CRISIL AAA | 4.70 |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 3.72 |
| National Bank For Agriculture & Rural Development | ICRA AAA | 0.21 |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 0.13 |
| Steel Authority of India Ltd. | CARE AA | 0.04 |
| Public Sector Undertakings - Total | 8.80 | |
| Corporate Debt/Financial Institutions | ||
| India Grid Trust | CRISIL AAA | 6.79 |
| Godrej Properties Limited | ICRA AA+ | 5.96 |
| Tata Steel Ltd. | FITCH AA+ | 4.46 |
| Pipeline Infrastructure Limited | CRISIL AAA | 3.79 |
| Prestige Projects Pvt. Ltd | ICRA A | 3.57 |
| Indostar Capital Finance Limited | CRISIL AA- | 3.56 |
| Tata Projects Ltd. | FITCH AA | 3.38 |
| Mindspace Business Parks Reit | CRISIL AAA | 2.97 |
| JM Financial Credit Solutions Ltd. | ICRA AA | 2.93 |
| HDFC Bank Ltd. | CRISIL AAA | 2.73 |
| JM Financial Products Limited | ICRA AA | 2.66 |
| JM Financial Asset Reconstruction Co. Pvt. Ltd | CRISIL AA- | 2.52 |
| Nirma Ltd. | CRISIL AA | 2.09 |
| Aadhar Housing Finance Limited | ICRA AA | 2.09 |
| PTC Dhruva Trust (SERIES A1) 24/03/2030 (MAT 24/10/2029)(Dhruva Trust) | ICRA AAA(SO) | 1.49 |
| Muthoot Finance Ltd. | CRISIL AA+ | 1.49 |
| Bahadur Chand Investments Private Limited | ICRA AA | 1.47 |
| Can Fin Homes Ltd. | FITCH AA+ | 1.19 |
| Macrotech Developers Ltd | ICRA AA- | 0.27 |
| IOT Utkal Energy Services Ltd. | CRISIL AAA | 0.01 |
| Corporate Debt/Financial Institutions - Total | 55.42 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.30 |
| Alternative Investment Fund - Total | 0.30 | |
| Real Estate & Infrastructure Investment Trusts | ||
| Embassy Office Parks REIT | Realty | 3.97 |
| BROOKFIELD INDIA REAL ESTATE TRUST | Realty | 2.09 |
| BHARAT HIGHWAYS INVIT | Construction | 1.52 |
| NEXUS SELECT TRUST REIT | Realty | 0.60 |
| Real Estate & Infrastructure Investment Trusts - Total | 8.18 | |
| Net Current Assets/(Liabilities) | 2.24 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 12,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on August 30, 2024 (₹) | 18,04,154 | 16,79,793 | 10,51,871 | 7,04,953 | 4,00,132 | 1,25,983 |
| Scheme Returns (%) | 6.64 | 6.55 | 6.33 | 6.39 | 6.99 | 9.41 |
| CRISIL Medium Duration Debt A-III Index Returns (%) | 7.20 | 7.10 | 6.71 | 6.07 | 6.50 | 8.29 |
| Alpha* | -0.56 | -0.55 | -0.38 | 0.32 | 0.49 | 1.12 |
| CRISIL Medium Duration Debt A-III Index (₹)# | 18,61,265 | 17,29,112 | 10,66,287 | 6,99,379 | 3,97,216 | 1,25,280 |
| Nifty Medium Duration Index Returns (%) | 7.27 | 7.19 | 6.91 | 6.39 | 6.80 | 8.36 |
| Alpha* | -0.63 | -0.64 | -0.58 | 0.00 | 0.20 | 1.05 |
| Nifty Medium Duration Index (₹)# | 18,67,973 | 17,36,847 | 10,73,997 | 7,04,946 | 3,98,957 | 1,25,322 |
| CRISIL 10 Year Gilt Index (₹)^ | 17,71,550 | 16,49,326 | 10,43,853 | 6,94,502 | 4,03,520 | 1,26,608 |
| CRISIL 10 Year Gilt Index Returns (%) | 6.31 | 6.20 | 6.12 | 5.79 | 7.56 | 10.40 |
Scheme Inception : - March 21, 2014. 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 | Rs21.1777 | Rs23.3510 |
| IDCW | Rs12.9986 | Rs23.3529 |
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 Medium Duration Debt A-III Index (Tier 1), Nifty Medium Duration Debt Index (Tier 2) |
| Allotment date | March 21, 2014 |
| AAUM | Rs1,705.20 crs |
| AUM | Rs1,681.74 crs |
| Folio count | 8,698 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 5.58 yrs |
| Modified Duration | 3.42 yrs |
| Macaulay Duration | 3.57 yrs |
| Annualised YTM* | 8.36% |
| $Standard Deviation | 1.13% |
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
• 2.5 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load: Nil.
Total Expense Ratio**
| Regular Plan: | 1.63% |
| Direct Plan: | 0.67% |
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, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 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.
**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'