| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk

  

  
Investment Objective
The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, 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 provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, 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.


Issuer/Instrument Industry/
Rating		 % to Net
Assets
Debt Instruments
Debentures and Bonds
Public Sector Undertakings
Power Finance Corporation Ltd. CRISIL AAA 2.69
Power Grid Corporation of India Ltd. CRISIL AAA 0.02
Public Sector Undertakings - Total 2.71
Government Dated Securities
8.40% Central Government SOV 5.06
Government Dated Securities - Total 5.06
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
HDFC Bank Ltd. CARE A1+ 6.32
HDFC Securities Limited ICRA A1+ 4.89
Aditya Birla Finance Ltd. ICRA A1+ 2.16
ICICI Securities Limited CRISIL A1+ 2.16
Birla Group Holding Private Limited CRISIL A1+ 1.66
RBL Bank Ltd. ICRA A1+ 1.66
Reliance Retail Ventures Ltd CRISIL A1+ 1.66
Bajaj Finance Ltd. CRISIL A1+ 1.65
Cholamandalam Investment And Finance Company Ltd. CRISIL A1+ 1.51
Bajaj Financial Securities Limited CRISIL A1+ 1.33
Motilal Oswal Finvest Ltd. CRISIL A1+ 1.00
Shriram Finance Limited CRISIL A1+ 0.99
Axis Securities Limited CRISIL A1+ 0.83
Julius Baer Capital (India) Pvt. Ltd CRISIL A1+ 0.83
Sikka Ports & Terminals Ltd. CRISIL A1+ 0.83
Piramal Capital & Housing Finance Ltd. CRISIL A1+ 0.67
Hero FinCorp Ltd. CRISIL A1+ 0.66
Hinduja Leyland Finance Ltd. CRISIL A1+ 0.66
Kisetsu Saison Finance (India) Private Limited CRISIL A1+ 0.66
Aseem Infrastructure Finance Limited CRISIL AA+ 0.50
Axis Securities Limited ICRA A1+ 0.50
Poonawalla Fincorp Limited CRISIL A1+ 0.50
360 One Wam Limited ICRA A1+ 0.33
Godrej Housing Finance Ltd CRISIL A1+ 0.33
IGH Holdings Private Limited CRISIL A1+ 0.33
Motilal Oswal Financial Services Limited ICRA A1+ 0.33
Network18 Media & Investments Ltd. FITCH A1+ 0.33
Sbicap Securities Limited CRISIL A1+ 0.33
Tata Capital Ltd. CRISIL A1+ 0.33
360 One Prime Ltd. CRISIL A1+ 0.30
Godrej Industries Ltd CRISIL A1+ 0.25
Aditya Birla Money Ltd CRISIL A1+ 0.17
Corporate Debt/Financial Institutions - Total 36.66
Public Sector Undertakings
National Bank For Agriculture & Rural Development ICRA A1+ 11.64
Small Industries Development Bank Of India FITCH A1+ 8.30
Punjab National Bank ICRA A1+ 7.61
Bank Of Baroda FITCH A1+ 6.63
Canara Bank CRISIL A1+ 5.49
Indian Bank CRISIL A1+ 3.32
Punjab National Bank FITCH A1+ 3.32
Indian Overseas Bank CARE A1+ 3.25
PNB Housing Finance Ltd. CRISIL A1+ 1.99
Union Bank Of India ICRA A1+ 1.66
Jammu And Kashmir Bank Ltd CRISIL A1+ 0.83
Bobcard Limited ( Formerly Known As Bob Financial Solutions Ltd) CRISIL A1+ 0.33
Public Sector Undertakings - Total 54.37
Treasury Bills
91 DAYS TREASURY BILL 15/08/2024 SOV 7.20
182 DAYS TREASURY BILL 05/09/2024 SOV 4.16
91 DAYS TREASURY BILL 05/09/2024 SOV 2.97
91 DAYS TREASURY BILL 12/09/2024 SOV 2.46
91 DAYS TREASURY BILL 08/08/2024 SOV 1.08
364 DAYS TREASURY BILL 22/08/2024 SOV 0.85
182 DAYS TREASURY BILL 29/08/2024 SOV 0.81
182 DAYS TREASURY BILL 15/08/2024 SOV 0.17
182 DAYS TREASURY BILL 22/08/2024 SOV 0.15
Treasury Bills - Total 19.85
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 Alternative Investment Fund 0.25
Alternative Investment Fund - Total 0.25
Net Current Assets/(Liabilities) -18.90
Grand Total 100.00



Net Asset Value (NAV)
RegularDirect
Growth Rs4926.08Rs4967.29
IDCW Rs1222.81Rs1222.81
(as on June 30, 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
Benchmark***Nifty Liquid Index A-I (Tier 1), Nifty Liquid Index (Tier 2)
Allotment dateNovember 4, 2003
AAUMRs35,467.78 crs
AUMRs27,188.83 crs
Folio count54,153

IDCW Frequency

Daily


Debt Quant & Ratios
Average Maturity 0.17 yrs
Modified Duration0.17 yrs
Macaulay Duration0.17 yrs
Annualised YTM*7.33%
$Standard Deviation0.10%

*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

Ideal Investments Horizon

• 7 days to month


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

1. Exit load shall applicable be as per the graded basis as specified below:

Investor exit upon subscriptionExit load as a % of redemption proceeds
Day 1 0.0070%
Day 2 0.0065%
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045%
Day 7 onwards 0.0000%

Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCW shall not be subject to entry and exit load.


Total Expense Ratio**
Regular Plan: 0.31%
Direct Plan: 0.20%

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*:
  • Income over a short term investment horizon
  • Investment in debt & money market securities

* 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.


**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For scheme performance, please refer 'Scheme Performances'