| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate credit risk.
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
A relatively high interest rate risk and moderate credit risk.
| KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
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*:
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 30 Jun 2024 is 3.90% of the net assets.
**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/2024/90 dated June 27, 2024 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'
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
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 low duration debt &
money market securities. 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 low duration debt &
money market securities. 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 | 6.60 |
| 7.72% Central Government | SOV | 2.39 |
| GS CG 19/03/2026 - (STRIPS)(^) | SOV | 0.76 |
| GS CG 19/09/2026 - (STRIPS)(^) | SOV | 0.74 |
| GS CG 19/03/2028 - (STRIPS) | SOV | 0.32 |
| 8.33% Rajasthan State Govt-Rajasthan | SOV | 0.15 |
| 7.84% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.02 |
| Government Dated Securities - Total | 10.98 | |
| Public Sector Undertakings | ||
| National Bank For Agriculture & Rural Development | CRISIL AAA | 4.85 |
| Rural Electrification Corporation Ltd. (^) | CRISIL AAA | 3.20 |
| Small Industries Development Bank Of India | ICRA AAA | 3.19 |
| Power Finance Corporation Ltd. | CRISIL AAA | 2.61 |
| Small Industries Development Bank Of India (^) | CRISIL AAA | 1.69 |
| National Bank For Agriculture & Rural Development | ICRA AAA | 0.24 |
| PNB Housing Finance Ltd. | ICRA AA+ | 0.12 |
| Public Sector Undertakings - Total | 15.90 | |
| Corporate Debt/Financial Institutions | ||
| Embassy Office Parks ReIT (^) | CRISIL AAA | 5.71 |
| PTC Sansar Trust (SERIES A1) 25/06/2025 (MAT- 25/09/2028)(Sansar Trust) | FITCH AAA(SO) | 2.66 |
| Titan Company Ltd. | CRISIL AAA | 2.15 |
| Bharti Telecom Ltd. (^) | CRISIL AA+ | 1.96 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) | CRISIL AAA | 1.91 |
| Muthoot Finance Ltd. (^) | ICRA AA+ | 1.75 |
| Indinfravit Trust | ICRA AAA | 1.42 |
| LIC Housing Finance Ltd. (^) | CRISIL AAA | 1.31 |
| Cholamandalam Investment And Finance Company Ltd. | ICRA AA+ | 1.31 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 1.22 |
| Tata Projects Ltd. (^) | FITCH AA | 1.21 |
| Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) | CRISIL AAA | 1.18 |
| Mindspace Business Parks ReIT (^) | CRISIL AAA | 0.99 |
| PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.98 |
| Grihum Housing Finance Limited | CARE AA- | 0.97 |
| Can Fin Homes Ltd.(^) | ICRA AAA | 0.97 |
| L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (^) | CRISIL AAA(CE) | 0.95 |
| Sansar Trust(Sansar Trust) | ICRA AAA(SO) | 0.81 |
| PTC Sansar Trust (SERIES A1) 20/01/2027 (MAT 20/11/2029)(Sansar Trust)(^) | CRISIL AAA(SO) | 0.78 |
| Tata Capital Financial Services Limited | ICRA AAA | 0.73 |
| Nirma Ltd. | CRISIL AA | 0.63 |
| PTC First Business Receivables Trust (Series 22) 01/07/2025(First Business Receivables Trust) | CRISIL AAA(SO) | 0.49 |
| HDFC Bank Ltd. | CRISIL AAA | 0.49 |
| John Deere Financial India Private Limited (^) | CRISIL AAA | 0.48 |
| India Grid Trust (^) | CRISIL AAA | 0.48 |
| PTC First Business Trust (SR 24) 01/01/2026(First Business Receivables Trust) | CRISIL AAA(SO) | 0.44 |
| JM Financial Credit Solutions Ltd. | ICRA AA | 0.40 |
| Sundaram Home Finance Ltd | ICRA AAA | 0.34 |
| Aadhar Housing Finance Limited (^) | ICRA AA | 0.34 |
| India Grid Trust | FITCH AAA | 0.24 |
| ICICI Home Finance Company Limited | CRISIL AAA | 0.24 |
| Godrej Properties Limited (^) | ICRA AA+ | 0.24 |
| Can Fin Homes Ltd.(^) | FITCH AA+ | 0.24 |
| Poonawalla Fincorp Limited | CRISIL AAA | 0.15 |
| Tata Capital Ltd. | ICRA AAA | 0.05 |
| Godrej Industries Ltd(^) | CRISIL AA | 0.05 |
| Samvardhana Motherson International Ltd | FITCH AAA | 0.02 |
| Godrej Industries Ltd | CRISIL AA | 0.02 |
| Corporate Debt/Financial Institutions - Total | 36.31 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Public Sector Undertakings | ||
| Indian Bank | CRISIL A1+ | 4.67 |
| Punjab National Bank | FITCH A1+ | 4.63 |
| Union Bank Of India | ICRA A1+ | 2.31 |
| National Bank For Agriculture & Rural Development | CRISIL A1+ | 2.26 |
| Bank Of Baroda | FITCH A1+ | 1.86 |
| Union Bank Of India | FITCH A1+ | 1.85 |
| Punjab National Bank | CARE A1+ | 1.84 |
| Punjab National Bank | ICRA A1+ | 1.62 |
| Public Sector Undertakings - Total | 21.04 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Bank Ltd. | CARE A1+ | 5.92 |
| Hindustan Zinc Ltd. | CRISIL A1+ | 4.85 |
| Axis Bank Ltd. | CRISIL A1+ | 1.16 |
| HDFC Bank Ltd. | CRISIL A1+ | 0.23 |
| Corporate Debt/Financial Institutions - Total | 12.16 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.23 |
| Alternative Investment Fund - Total | 0.23 | |
| Triparty Repo | 1.78 | |
| Net Current Assets/(Liabilities) | 1.60 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 19,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 28, 2024 (₹) | 36,32,910 | 16,70,198 | 10,39,038 | 6,92,941 | 3,95,165 | 1,24,439 |
| Scheme Returns (%) | 7.13 | 6.44 | 6.00 | 5.72 | 6.18 | 7.03 |
| Nifty Low Duration Debt Index A-I Returns (%) | 7.10 | 6.32 | 6.01 | 5.88 | 6.63 | 7.50 |
| Alpha* | 0.03 | 0.12 | -0.02 | -0.16 | -0.46 | -0.46 |
| Nifty Low Duration Debt Index A-I (₹)# | 36,21,983 | 16,59,518 | 10,39,677 | 6,95,745 | 3,97,847 | 1,24,728 |
| Nifty Low Duration Debt Index Returns (%) | 7.27 | 6.57 | 6.32 | 6.21 | 6.90 | 7.73 |
| Alpha* | -0.14 | -0.13 | -0.32 | -0.49 | -0.72 | -0.69 |
| Nifty Low Duration Debt Index (₹)# | 36,80,928 | 16,81,406 | 10,51,073 | 7,01,527 | 3,99,432 | 1,24,870 |
| CRISIL 1 Year T-Bill Index (₹)^ | 33,63,330 | 16,29,757 | 10,30,594 | 6,91,937 | 3,96,510 | 1,24,647 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.27 | 5.97 | 5.77 | 5.66 | 6.41 | 7.37 |
Scheme Inception : - March 06, 2008. 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 | Rs3104.59 | Rs3359.23 |
| Monthly IDCW | Rs1183.38 | Rs1427.51 |
Available Plans/Options
A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of
IDCW & Growth (payout of IDCW is
available under monthly IDCW only)
(applicable for all plans)
| Fund Manager*^ | Mr. Deepak Agrawal, Mr. Manu Sharma |
| Benchmark***: | Nifty Low Duration Debt Index A-I (Tier 1), Nifty Low Duration Debt Index (Tier 2) |
| Allotment date | March 6, 2008 |
| AAUM | Rs9,224.98 crs |
| AUM | Rs10,272.24 crs |
| Folio count | 78,517 |
IDCW Frequency
At discretion of trustees
Debt Quant & Ratios
| Average Maturity | 1.76 yrs |
| Modified Duration | 0.86 yrs |
| Macaulay Duration | 0.90 yrs |
| Annualised YTM* | 7.87% |
| $Standard Deviation | 0.23% |
*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
• 6-9 months
Load Structure
Entry Load:
Nil.
Exit Load:
Nil.
Any exit load charged (net off Service Tax, if
any) shall be credited back to the Scheme;
Total Expense Ratio**
| Regular Plan: | 1.17% |
| Direct Plan: | 0.42% |
Data as on 30th June, 2024 unless
otherwise specified.
^Ms. Palha Khanna (Dedicated fund manager for investments in foreign securities).
Fund
Benchmark - Tier 1
Benchmark - Tier 2
This product is suitable for investors who are seeking*:
- Regular Income over short term
- Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months
* 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 3.90% of the net assets.
**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/2024/90 dated June 27, 2024 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'