| KOTAK BANKING AND PSU DEBT FUND
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk.
| KOTAK BANKING AND PSU DEBT FUND
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk.
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk.
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Investment Objective
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector
Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the
Central Government & State Governments, and / or any security unconditionally.guaranteed by the Govt. of India. There is no assurance that
or guarantee that the investment objective of the scheme will be achieved.
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector
Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the
Central Government & State Governments, and / or any security unconditionally.guaranteed by the Govt. of India. There is no assurance that
or guarantee that the investment objective of the scheme will be achieved.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 7.18% Central Government(^) | SOV | 15.03 |
| 8.34% Central Government(^) | SOV | 5.25 |
| 7.10% Central Government | SOV | 1.05 |
| 7.63% Maharashtra State Govt-Maharashtra | SOV | 0.69 |
| 6.46% Gujarat State Govt-Gujarat | SOV | 0.01 |
| Government Dated Securities - Total | 22.03 | |
| Public Sector Undertakings | ||
| Small Industries Development Bank Of India | CRISIL AAA | 7.76 |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 7.06 |
| National Bank For Agriculture & Rural Development | ICRA AAA | 6.81 |
| DME Development Limited (^) | CRISIL AAA | 5.56 |
| Power Grid Corporation of India Ltd.(^) | CRISIL AAA | 5.04 |
| National Housing Bank | CRISIL AAA | 4.79 |
| Power Finance Corporation Ltd. | CRISIL AAA | 2.67 |
| National Bank For Agriculture & Rural Development | CRISIL AAA | 2.61 |
| State Bank of India (Basel III TIER II Bonds) | CRISIL AAA | 2.45 |
| Punjab National Bank (Basel III TIER II Bonds)(^) | CRISIL AAA | 1.90 |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 1.76 |
| Indian Railway Finance Corporation Ltd. | CRISIL AAA | 1.75 |
| Rural Electrification Corporation Ltd. | ICRA AAA | 1.74 |
| Canara Bank (Basel III TIER II Bonds) | FITCH AAA | 1.73 |
| Union Bank of India (Basel III TIER I Bonds) | CARE AA | 1.72 |
| Food Corporation of India | CRISIL AAA(CE) | 1.34 |
| Nuclear Power Corporation Of India Ltd. | ICRA AAA | 1.31 |
| Food Corporation of India (^) | CRISIL AAA(CE) | 0.87 |
| Mahanagar Telephone Nigam Ltd. | CRISIL AAA(CE) | 0.85 |
| Bank of Baroda (Basel III TIER II Bonds) | FITCH AAA | 0.23 |
| Mahanagar Telephone Nigam Ltd. | CARE AAA(CE) | 0.09 |
| Public Sector Undertakings - Total | 60.04 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Bank Ltd.(^) | CRISIL AAA | 10.61 |
| LIC Housing Finance Ltd. | CRISIL AAA | 2.62 |
| Corporate Debt/Financial Institutions - Total | 13.23 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | AIF Units | 0.27 |
| Alternative Investment Fund - Total | 0.27 | |
| Triparty Repo | 1.69 | |
| Net Current Assets/(Liabilities) | 2.74 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 30,70,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 28, 2024 (₹) | 84,01,490 | 17,19,570 | 10,62,650 | 6,99,490 | 3,96,329 | 1,24,714 |
| Scheme Returns (%) | 7.11 | 7.00 | 6.63 | 6.09 | 6.38 | 7.48 |
| CRISIL Banking & PSU Debt A-II Index Returns (%) | NA | 6.96 | 6.52 | 6.07 | 6.38 | 7.40 |
| Alpha* | NA | 0.04 | 0.11 | 0.02 | -0.01 | 0.07 |
| CRISIL Banking & PSU Debt A-II Index (₹)# | NA | 17,15,568 | 10,58,622 | 6,99,158 | 3,96,359 | 1,24,669 |
| CRISIL 10 Year Gilt Index (₹)^ | NA | 16,33,758 | 10,30,496 | 6,85,619 | 3,97,795 | 1,25,477 |
| CRISIL 10 Year Gilt Index (%) | NA | 6.02 | 5.76 | 5.29 | 6.62 | 8.70 |
Scheme Inception : - December 29, 1998. 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 | Rs60.1289 | Rs62.4215 |
| IDCW | Rs11.2968 | Rs10.2898 |
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 | CRISIL Banking & PSU Debt A-II Index |
| Allotment date | December 29,1998 |
| AAUM | Rs5,784.44 crs |
| AUM | Rs5,734.18 crs |
| Folio count | 16,125 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 7.69 yrs |
| Modified Duration | 3.99 yrs |
| Macaulay Duration | 4.23 yrs |
| Annualised YTM* | 7.66% |
| $Standard Deviation | 0.66% |
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
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load:
Nil. (applicable for all plans)
Total Expense Ratio**
| Regular Plan: | 0.76% |
| Direct Plan: | 0.39% |
Data as on 30th June, 2024 unless
otherwise specified.
^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 to medium term investment horizon.
- Investment in debt & money market securities of PSUs , Banks , Public Finanacial Institutions, government securities, and Municipal 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 30th June, 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 30 Jun 2024 is 5.23% 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'