| 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.
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.
(as on June 28, 2024)
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.
This product is suitable for investors who are seeking*:
An open ended debt scheme predominantly investing in floating rate instruments.
A relatively high interest rate risk and moderate credit risk.
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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 | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Government Dated Securities | ||
| 8.34% Central Government(^) | SOV | 23.72 |
| 7.98% Central Government | SOV | 4.44 |
| 8.00% Central Government | SOV | 3.30 |
| Government Dated Securities - Total | 31.46 | |
| Public Sector Undertakings | ||
| Small Industries Development Bank Of India (^) | CRISIL AAA | 6.59 |
| Canara Bank(Basel III Tier II Bonds) | FITCH AAA | 3.93 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 3.89 |
| Bank Of Baroda(Basel III Tier II Bonds) | FITCH AAA | 2.28 |
| National Bank For Agriculture & Rural Development (^) | CRISIL AAA | 1.98 |
| National Bank For Agriculture & Rural Development (^) | ICRA AAA | 1.98 |
| State Bank Of India.(Basel III Tier II Bonds) | CRISIL AAA | 1.93 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 1.71 |
| State Bank Of India.(Basel III Tier I Bonds) | CRISIL AA+ | 0.05 |
| Public Sector Undertakings - Total | 24.34 | |
| Corporate Debt/Financial Institutions | ||
| Muthoot Finance Ltd. (^) | CRISIL AA+ | 6.90 |
| LIC Housing Finance Ltd. (^) | CRISIL AAA | 6.58 |
| HDFC Bank Ltd. | CRISIL AAA | 5.26 |
| Tata Capital Ltd. | ICRA AAA | 5.11 |
| Pipeline Infrastructure Limited | CRISIL AAA | 4.78 |
| PTC First Business Receivables Trust (Series 22) 01/07/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 2.66 |
| PTC First Business Receivables Trust (Series 21) 01/04/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 2.66 |
| Sundaram Home Finance Ltd (^) | ICRA AAA | 2.64 |
| DLF Home Developers Ltd (^) | ICRA AA | 1.97 |
| PTC Vajra Trust (SERIES A1) 20/02/2029 (MAT 20/02/2027)(Vajra Trust) | ICRA AAA(SO) | 1.17 |
| Bajaj Housing Finance Ltd. (^) | CRISIL AAA | 0.66 |
| Bahadur Chand Investments Private Limited | ICRA AA | 0.65 |
| Godrej Industries Ltd (^) | CRISIL AA | 0.13 |
| Corporate Debt/Financial Institutions - Total | 41.17 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | AIF Units | 0.36 |
| Alternative Investment Fund - Total | 0.36 | |
| Triparty Repo | 0.21 | |
| Net Current Assets/(Liabilities) | 2.46 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 6,20,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 28, 2024 (₹) | 7,30,665 | 7,03,012 | 3,97,181 | 1,24,801 |
| Scheme Returns (%) | 6.31 | 6.29 | 6.52 | 7.61 |
| Nifty Short Duration Debt Index A-II Returns (%) | 5.97 | 5.94 | 6.38 | 7.46 |
| Alpha* | 0.34 | 0.36 | 0.14 | 0.16 |
| Nifty Short Duration Debt Index A-II (₹)# | 7,24,207 | 6,96,753 | 3,96,371 | 1,24,703 |
| CRISIL 10 Year Gilt Index (₹)^ | 7,12,480 | 6,85,619 | 3,97,795 | 1,25,477 |
| CRISIL 10 Year Gilt Index (%) | 5.34 | 5.29 | 6.62 | 8.70 |
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)
| Regular | Direct | |
| Growth | Rs1386.4254 | Rs1413.4953 |
| IDCW | Rs1233.9066 | Rs1231.3697 |
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 date | May 14, 2019 |
| AAUM | Rs3,791.36 crs |
| AUM | Rs3,793.54 crs |
| Folio count | 4,698 |
Debt Quant & Ratios
| Average Maturity | 4.78 yrs |
| Modified Duration | 1.62 yrs |
| Macaulay Duration | 1.73 yrs |
| Annualised YTM* | 8.06% |
| $Standard Deviation | 0.28% |
*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 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 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 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 29.00% 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'
**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'