| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.
| KOTAK CORPORATE BOND FUND
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.

  

  
Investment Objective
The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. 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 income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. There is no assurance 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 17.77
8.34% Central Government(^) SOV 4.19
7.10% Central Government SOV 3.24
7.98% Central Government(^) SOV 1.65
7.63% Maharashtra State Govt-Maharashtra SOV 0.71
7.17% Central Government SOV 0.10
GS CG 12 Apr 2026 - (STRIPS) SOV 0.02
7.84% Tamil Nadu State Govt-Tamil Nadu SOV 0.02
Government Dated Securities - Total 27.70
Public Sector Undertakings
Small Industries Development Bank Of India CRISIL AAA 7.44
National Bank For Agriculture & Rural Development ICRA AAA 6.38
Rural Electrification Corporation Ltd. CRISIL AAA 3.58
Power Finance Corporation Ltd. CRISIL AAA 2.60
National Bank For Agriculture & Rural Development (^) CRISIL AAA 2.23
Food Corporation of India CRISIL AAA(CE) 1.67
Rural Electrification Corporation Ltd. ICRA AAA 1.57
DME Development Limited (^) CRISIL AAA 0.80
Nuclear Power Corporation Of India Ltd. ICRA AAA 0.59
National Housing Bank CRISIL AAA 0.39
Mahanagar Telephone Nigam Ltd. CRISIL AAA(CE) 0.38
Public Sector Undertakings - Total 27.63
Corporate Debt/Financial Institutions
HDFC Bank Ltd. CRISIL AAA 7.21
LIC Housing Finance Ltd. (^) CRISIL AAA 5.14
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 4.18
Mahindra & Mahindra Financial Services Ltd. CRISIL AAA 3.34
Bajaj Finance Ltd. CRISIL AAA 2.80
Bajaj Housing Finance Ltd. CRISIL AAA 2.09
Pipeline Infrastructure Limited CRISIL AAA 1.96
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 1.95
SMFG India Home Finance Company Ltd CRISIL AAA 1.57
Mindspace Business Parks Reit CRISIL AAA 1.18
HDB Financial Services Ltd. CRISIL AAA 1.17
Tata Capital Ltd. ICRA AAA 0.98
L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) CRISIL AAA(CE) 0.96
Tata Capital Ltd. CRISIL AAA 0.78
Can Fin Homes Ltd. ICRA AAA 0.78
PTC Sansar Trust (SERIES A1) 20/01/2027 (MAT 20/11/2029)(Sansar Trust) CRISIL AAA(SO) 0.75
John Deere Financial India Private Limited CRISIL AAA 0.58
ICICI Home Finance Company Limited ICRA AAA 0.55
Nomura Fixed Income Securities Private Ltd. FITCH AAA 0.39
ICICI Bank Ltd.(Basel III Tier II Bonds) ICRA AAA 0.39
India Grid Trust CRISIL AAA 0.35
Highways Infrastructure Trust (HIT) CRISIL AAA 0.12
Corporate Debt/Financial Institutions - Total 39.22
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
Indian Bank CRISIL A1+ 0.98
Public Sector Undertakings - Total 0.98
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 Alternative Investment Fund 0.21
Alternative Investment Fund - Total 0.21
Triparty Repo 1.73
Net Current Assets/(Liabilities) 2.53
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 20,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on June 28, 2024 (₹) 39,49,113 17,11,309 10,56,587 6,98,808 3,96,578 1,24,784
Scheme Returns (%) 7.48 6.91 6.47 6.05 6.42 7.59
Nifty Corporate Bond Index A-II Returns (%) 7.52 6.79 6.43 5.96 6.25 7.30
Alpha* -0.04 0.12 0.04 0.09 0.17 0.29
Nifty Corporate Bond Index A-II (₹)# 39,63,909 17,00,862 10,55,195 6,97,167 3,95,597 1,24,604
CRISIL 10 Year Gilt Index (₹)^ 35,45,396 16,33,758 10,30,496 6,85,619 3,97,795 1,25,477
CRISIL 10 Year Gilt Index (%) 6.33 6.02 5.76 5.29 6.62 8.70

Scheme Inception : - September 21, 2007. 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 Rs3458.13Rs3598.67
IDCW Rs1126.53Rs1075.70
(as on June 28, 2024)

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. Manu Sharma
Benchmark Nifty Corporate Bond Index A-II (Tier 1)
Allotment dateSeptember 21, 2007
AAUMRs12,533.23 crs
AUMRs12,722.87 crs
Folio count29,427

IDCW Frequency

Monthly (12th of every Month)


Debt Quant & Ratios
Average Maturity5.20 yrs
Modified Duration3.51 yrs
Macaulay Duration3.70 yrs
Annualised YTM*7.68%
$Standard Deviation0.61%

*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

• 1-1.5 year


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load: Nil. (applicable for all plans)


Total Expense Ratio**
Regular Plan: 0.67%
Direct Plan: 0.34%

Data as on 30th June, 2024 unless otherwise specified.
^Ms. Palha Khanna (Dedicated fund manager for investments in foreign securities).

Fund


Benchmark - Tier 1


This product is suitable for investors who are seeking*:
  • Regular Income over short term
  • Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate 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 6.29% 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'