| KOTAK DEBT HYBRID FUND
An open-ended hybrid scheme investing predominantly in debt instruments
An open-ended hybrid scheme investing predominantly in debt instruments
| KOTAK DEBT HYBRID FUND
An open-ended hybrid scheme investing predominantly in debt instruments
An open-ended hybrid scheme investing predominantly in debt instruments
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Investment Objective
The investment objective of the scheme is to
enhance returns over a portfolio of debt
instruments with a moderate exposure in
equity and equity related instruments. By
investing in debt securities, the scheme will
aim at generating regular returns, while
enhancement of return is intended through
investing in equity and equity related
securities. The scheme may also use various
derivative and hedging products from time
to time, in the manner permitted by SEBI.
There is no assurance that the investment
objective of the schemes will be realised.
The investment objective of the scheme is to
enhance returns over a portfolio of debt
instruments with a moderate exposure in
equity and equity related instruments. By
investing in debt securities, the scheme will
aim at generating regular returns, while
enhancement of return is intended through
investing in equity and equity related
securities. The scheme may also use various
derivative and hedging products from time
to time, in the manner permitted by SEBI.
There is no assurance that the investment
objective of the schemes will be realised.
| Instrument/Industry/ Issuer |
Industry/ Rating |
% to Net Assets |
|
|---|---|---|---|
| Equity & Equity related |
|||
| Banks | 4.61 | ||
| Bank Of Baroda | 1.08 | ||
| HDFC Bank Ltd. | 1.06 | ||
| Axis Bank Ltd. | 0.86 | ||
| State Bank Of India | 0.67 | ||
| IndusInd Bank Ltd. | 0.57 | ||
| Indian Bank | 0.37 | ||
| Automobiles | 3.13 | ||
| Maruti Suzuki India Limited | 1.60 | ||
| Hero MotoCorp Ltd. | 1.53 | ||
| Petroleum Products | 1.75 | ||
| Hindustan Petroleum Corporation Ltd | 0.88 | ||
| Reliance Industries Ltd. | 0.87 | ||
| Finance | 1.50 | ||
| Power Finance Corporation Ltd. | 1.36 | ||
| Jio Financial Services Ltd | 0.14 | ||
| Diversified FMCG | 1.44 | ||
| Hindustan Unilever Ltd. | 1.07 | ||
| ITC Ltd. | 0.37 | ||
| Auto Components | 1.27 | ||
| Samvardhana Motherson International Limited | 0.75 | ||
| Subros Ltd. | 0.52 | ||
| Power | 1.21 | ||
| National Thermal Power Corporation Limited | 1.21 | ||
| Beverages | 1.03 | ||
| Radico Khaitan Ltd. | 0.55 | ||
| United Spirits Ltd. | 0.29 | ||
| United Breweries Ltd. | 0.19 | ||
| Gas | 1.03 | ||
| GAIL (India) Ltd. | 1.03 | ||
| Telecom - Services | 1.03 | ||
| Bharti Airtel Ltd | 0.98 | ||
| Bharti Airtel Ltd - Partly Paid Shares | 0.05 | ||
| IT - Software | 0.90 | ||
| Tech Mahindra Ltd. | 0.34 | ||
| Infosys Ltd. | 0.31 | ||
| Mphasis Ltd | 0.25 | ||
| Industrial Manufacturing | 0.84 | ||
| Jyoti Cnc Automation Ltd | 0.52 | ||
| JNK India Limited | 0.32 | ||
| Food Products | 0.76 | ||
| Prataap Snacks Ltd | 0.44 | ||
| Britannia Industries Ltd. | 0.32 | ||
| Personal Products | 0.71 | ||
| Dabur India Ltd. | 0.28 | ||
| Godrej Consumer Products Ltd. | 0.26 | ||
| Colgate Palmolive (India ) Ltd. | 0.17 | ||
| Consumer Durables | 0.69 | ||
| Pokarna Ltd. | 0.42 | ||
| Century Plyboards (India) Ltd. | 0.27 | ||
| Insurance | 0.68 | ||
| Life Insurance Corporation Of India Ltd. | 0.68 | ||
| Cement and Cement Products | 0.53 | ||
| Ambuja Cements Ltd. | 0.53 | ||
| Healthcare Services | 0.37 | ||
| Fortis Healthcare India Ltd | 0.37 | ||
| Realty | 0.28 | ||
| Mahindra Lifespace Developers Ltd | 0.28 | ||
| Agricultural, Commercial and Construction Vehicles | 0.25 | ||
| V.S.T Tillers Tractors Ltd | 0.25 | ||
| Leisure Services | 0.25 | ||
| Jubilant Foodworks Limited | 0.17 | ||
| Barbeque Nation Hospitality Ltd. | 0.08 | ||
| Pharmaceuticals and Biotechnology | 0.25 | ||
| Ami Organics Ltd | 0.25 | ||
| Entertainment | 0.24 | ||
| Zee Entertainment Enterprises Ltd | 0.24 | ||
| Capital Markets | 0.15 | ||
| Dee Development Engineeers Ltd | 0.15 | ||
| Equity & Equity related - Total | 24.90 | ||
| Debt Instruments | |||
| Debentures and Bonds | |||
| Government Dated Securities | |||
| 7.18% Central Government | SOV | 19.60 | |
| 7.25% Central Government | SOV | 7.80 | |
| 8.34% Central Government(^) | SOV | 6.87 | |
| 7.30% Central Government | SOV | 5.03 | |
| 7.46% Central Government | SOV | 3.92 | |
| 7.34% Central Government | SOV | 2.83 | |
| 7.17% Central Government | SOV | 2.29 | |
| 7.45% Maharashtra State Govt-Maharashtra | SOV | 1.58 | |
| 7.98% Central Government(^) | SOV | 1.39 | |
| 7.95% Central Government | SOV | 0.40 | |
| 7.02% Central Government | SOV | 0.39 | |
| 7.65% Madhya Pradesh State Govt-Madhya Pradesh | SOV | 0.20 | |
| 6.57% Andhra Pradesh State Govt-Andhra Pradesh | SOV | 0.19 | |
| GS 5.63% CG 12/04/2026 - (STRIPS) | SOV | 0.17 | |
| 7.72% Central Government(^) | SOV | 0.17 | |
| 7.84% Maharashtra State Govt-Maharashtra | SOV | 0.12 | |
| 7.96% Punjab State Govt-Punjab | SOV | 0.12 | |
| 7.96% Maharashtra State Govt-Maharashtra | SOV | 0.10 | |
| 8.05% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.08 | |
| 9.15% Central Government | SOV | 0.08 | |
| 8.29% Andhra Pradesh State Govt-Andhra Pradesh | SOV | 0.07 | |
| GS CG 22 Aug 2026 - (STRIPS) | SOV | 0.06 | |
| 7.98% Kerala State Govt-Kerala | SOV | 0.06 | |
| GS CG 23/12/2025 - (STRIPS) | SOV | 0.04 | |
| 7.26% Central Government(^) | SOV | 0.04 | |
| GS CG 22 Feb 2027 - (STRIPS) | SOV | 0.03 | |
| Government Dated Securities - Total | 53.63 | ||
| Public Sector Undertakings | |||
| State Bank of India.(Basel III Tire I Bonds) | CRISIL AA+ | 1.48 | |
| National Bank For Agriculture & Rural Development | CRISIL AAA | 1.42 | |
| Power Finance Corporation Ltd. (^) | CRISIL AAA | 1.30 | |
| Rural Electrification Corporation Ltd. | CRISIL AAA | 1.29 | |
| Small Industries Development Bank Of India | CRISIL AAA | 0.98 | |
| National Thermal Power Corporation Ltd. | CRISIL AAA | 0.94 | |
| Small Industries Development Bank Of India | ICRA AAA | 0.78 | |
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) | CRISIL A+(CE) | 0.77 | |
| Punjab National Bank (Basel III TIER I Bonds) | CRISIL AA+ | 0.59 | |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.46 | |
| Indian Railway Finance Corporation Ltd. | CRISIL AAA | 0.29 | |
| Power Grid Corporation of India Ltd. | CRISIL AAA | 0.22 | |
| Public Sector Undertakings - Total | 10.52 | ||
| Corporate Debt/Financial Institutions | |||
| HDFC Bank Ltd. | CRISIL AAA | 3.93 | |
| Bajaj Finance Ltd. | CRISIL AAA | 0.98 | |
| Aditya Birla Finance Ltd. | ICRA AAA | 0.40 | |
| Corporate Debt/Financial Institutions - Total | 5.31 | ||
| Alternative Investment Fund | |||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.22 | |
| Alternative Investment Fund - Total | 0.22 | ||
| Real Estate & Infrastructure Investment Trusts | |||
| BHARAT HIGHWAYS INVIT | Construction | 0.05 | |
| Real Estate & Infrastructure Investment Trusts - Total | 0.05 | ||
| Triparty Repo | 3.79 | ||
| Grand Total | 100.00 | ||
| | |||
| Monthly SIP of (Rs) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 24,70,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 28, 2024 (₹) | 70,78,800 | 20,65,694 | 12,58,417 | 8,16,853 | 4,34,652 | 1,30,950 |
| Scheme Returns (%) | 9.29 | 10.49 | 11.37 | 12.33 | 12.69 | 17.61 |
| CRISIL Hybrid 85+15 - Conservative Index Returns (%) | 8.82 | 8.92 | 8.96 | 8.94 | 9.48 | 13.11 |
| Alpha* | 0.47 | 1.56 | 2.41 | 3.39 | 3.21 | 4.50 |
| CRISIL Hybrid 85+15 - Conservative Index (₹)# | 66,89,715 | 19,01,867 | 11,54,767 | 7,50,987 | 4,14,867 | 1,28,200 |
| CRISIL 10 Year Gilt Index (₹)^ | 49,41,721 | 16,33,758 | 10,30,496 | 6,85,619 | 3,97,795 | 1,25,477 |
| CRISIL 10 Year Gilt Index Returns (%) | 6.28 | 6.02 | 5.76 | 5.29 | 6.62 | 8.70 |
Scheme Inception : - December 02, 2003. 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. TRI – Total Return Index, In terms of para 6.14 of SEBI Master circular No.SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). 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 | Rs54.7213 | Rs62.3943 |
| Monthly IDCW | Rs13.0930 | Rs14.1968 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (applicable for all plans)
| Fund Manager*^ | Mr. Devender Singhal & Mr. Abhishek Bisen |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index |
| Allotment date | December 02, 2003 |
| AAUM | Rs2,521.94 crs |
| AUM | Rs2,548.26 crs |
| Folio count | 43,426 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 18.62 yrs |
| Modified Duration | 6.93 yrs |
| Macaulay Duration | 7.22 yrs |
| Annualised YTM* | 7.40% |
| $Standard Deviation | 3.97% |
| P/E$$ | 19.4 |
| P/BV$$ | 3.14 |
*in case of semi annual YTM, it will be annualized.
$$Equity Component of the Portfolio.
Minimum Investment Amount
Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter
Ideal Investments Horizon
• 3 years & above
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load:
a) For redemption / switch out of upto 8%
of the initial investment amount (limit)
purchased or switched in within 6 months
from the date of allotment: Nil.
b) If units redeemed or switched out are in
excess of the limit within 6 months from the
date of allotment: 1%
c) If units are redeemed or switched out
after 6 months from the date of allotment:
NIL
Total Expense Ratio**
| Regular Plan: | 1.70% |
| Direct Plan: | 0.49% |
Data as on 30th June, 2024 unless
otherwise specified.
Fund
Benchmark
This product is suitable for investors who are seeking*:
- Income & capital growth over a long term horizon
- Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related 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 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 0.97% of the net assets.
##Risk rate assumed to be 6.86% (FBIL Overnight MIBOR rate as on 28th Jun 2024).**Total Expense Ratio includes applicable B30 fee and GST.
^Ms. Palha Khanna (Dedicated fund manager for investments in foreign securities)
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'