| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months.
A moderate interest rate risk and moderate credit risk.
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months.
A moderate interest rate risk and moderate credit risk.
| KOTAK SAVINGS FUND
An open ended ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months
A moderate 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 ultra-short term debt scheme investing in instruments such that the
Macaulay duration of the portfolio is between 3 months and 6 months
A moderate interest rate risk and moderate credit risk.
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Investment Objective
The investment objective of the Scheme is to generate returns through investments in debt and money market
instruments with a view to reduce the interest rate risk. However, 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 returns through investments in debt and money market
instruments with a view to reduce the interest rate risk. 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 | ||
| 7.03% Central Government | SOV | 0.35 |
| GS CG 12/09/2025 - (STRIPS) | SOV | 0.16 |
| GS CG 17/12/2026 - (STRIPS) | SOV | 0.15 |
| Government Dated Securities - Total | 0.66 | |
| Public Sector Undertakings | ||
| Rural Electrification Corporation Ltd. | CRISIL AAA | 3.19 |
| National Bank For Agriculture & Rural Development (^) | CRISIL AAA | 1.72 |
| National Bank For Agriculture & Rural Development (^) | ICRA AAA | 1.30 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 0.10 |
| PNB Housing Finance Ltd. | ICRA AA+ | 0.09 |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.03 |
| Public Sector Undertakings - Total | 6.43 | |
| Corporate Debt/Financial Institutions | ||
| LIC Housing Finance Ltd.(^) | CRISIL AAA | 4.20 |
| Bharti Telecom Ltd. (^) | CRISIL AA+ | 2.96 |
| Cholamandalam Investment And Finance Company Ltd. | ICRA AA+ | 2.78 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH AAA | 2.43 |
| HDFC Bank Ltd. | CRISIL AAA | 1.90 |
| Nirma Ltd. (^) | CRISIL AA | 1.74 |
| Embassy Office Parks ReIT (^) | CRISIL AAA | 1.50 |
| Indinfravit Trust | ICRA AAA | 1.22 |
| Bajaj Housing Finance Ltd. | CRISIL AAA | 1.22 |
| Tata Capital Housing Finance Ltd. | CRISIL AAA | 1.18 |
| ICICI Home Finance Company Limited | CRISIL AAA | 1.08 |
| PTC Sansar Trust (SERIES A1) 25/01/2025 (MAT- 25/11/2025)(Sansar Trust) | FITCH AAA(SO) | 1.04 |
| Bharti Telecom Ltd. | CRISIL AA+ | 0.73 |
| Titan Company Ltd. (^) | CRISIL AAA | 0.70 |
| Sundaram Home Finance Ltd | ICRA AAA | 0.70 |
| Grihum Housing Finance Limited (^) | CARE AA- | 0.70 |
| Sansar Trust(Sansar Trust) | ICRA AAA(SO) | 0.49 |
| Kotak Mahindra Prime Ltd. (^) | CRISIL AAA | 0.35 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 0.17 |
| Muthoot Finance Ltd. (^) | CRISIL AA+ | 0.17 |
| Godrej Industries Ltd | CRISIL AA | 0.17 |
| Poonawalla Fincorp Limited | CRISIL AAA | 0.07 |
| Corporate Debt/Financial Institutions - Total | 27.50 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 DAYS TREASURY BILL 05/09/2024 | SOV | 6.29 |
| 182 DAYS TREASURY BILL 12/12/2024 | SOV | 3.37 |
| 182 DAYS TREASURY BILL 12/09/2024(^) | SOV | 2.74 |
| 364 DAYS TREASURY BILL 06/02/2025 | SOV | 2.67 |
| 364 DAYS TREASURY BILL 05/12/2024 | SOV | 1.01 |
| Treasury Bills - Total | 16.08 | |
| Public Sector Undertakings | ||
| Small Industries Development Bank Of India(^) | CARE A1+ | 6.03 |
| National Housing Bank(^) | CRISIL A1+ | 5.30 |
| Bank Of Baroda(^) | FITCH A1+ | 4.76 |
| National Bank For Agriculture & Rural Development(^) | FITCH A1+ | 2.64 |
| Canara Bank(^) | CRISIL A1+ | 2.02 |
| National Bank For Agriculture & Rural Development(^) | CRISIL A1+ | 1.98 |
| Punjab National Bank | ICRA A1+ | 1.49 |
| Indian Bank(^) | CRISIL A1+ | 1.32 |
| National Bank For Agriculture & Rural Development | FITCH A1+(IND) | 1.17 |
| Small Industries Development Bank Of India | FITCH A1+(IND) | 1.16 |
| Public Sector Undertakings - Total | 27.87 | |
| Corporate Debt/Financial Institutions | ||
| HDFC Bank Ltd.(^) | CARE A1+ | 7.02 |
| Axis Bank Ltd.(^) | CRISIL A1+ | 3.28 |
| Federal Bank Ltd. | CRISIL A1+ | 2.32 |
| ICICI Bank Ltd.(^) | ICRA A1+ | 2.00 |
| Panatone Finvest Ltd.(^) | CRISIL A1+ | 1.67 |
| IDFC First Bank Limited(^) | CRISIL A1+ | 1.66 |
| Cholamandalam Investment And Finance Company Ltd.(^) | CRISIL A1+ | 1.65 |
| HDFC Bank Ltd.(^) | FITCH A1+ | 0.99 |
| Indusind Bank Ltd.(^) | CRISIL A1+ | 0.67 |
| Muthoot Finance Ltd. | CRISIL A1+ | 0.66 |
| Barclays Investments & Loan (India) Pvt. Ltd. | CRISIL A1+ | 0.50 |
| Corporate Debt/Financial Institutions - Total | 22.42 | |
| Triparty Repo | 0.06 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | Alternative Investment Fund | 0.22 |
| Alternative Investment Fund - Total | 0.22 | |
| Net Current Assets/(Liabilities) | -1.24 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹)10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 23,90,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on June 28, 2024 (₹) | 51,18,323 | 16,42,935 | 10,31,209 | 6,91,680 | 3,96,216 | 1,24,489 |
| Scheme Returns (%) | 7.09 | 6.13 | 5.78 | 5.64 | 6.36 | 7.11 |
| Nifty Ultra Short Duration Debt Index A-I Returns (%) | 7.41 | 6.39 | 6.10 | 6.05 | 6.88 | 7.66 |
| Alpha* | -0.31 | -0.26 | -0.32 | -0.40 | -0.53 | -0.54 |
| Nifty Ultra Short Duration Debt Index A-I (₹)# | 53,04,708 | 16,65,175 | 10,42,904 | 6,98,714 | 3,99,316 | 1,24,828 |
| Nifty Ultra Short Duration Debt Index Returns (%) | 7.53 | 6.60 | 6.37 | 6.35 | 7.20 | 7.97 |
| Alpha* | -0.43 | -0.47 | -0.59 | -0.71 | -0.84 | -0.85 |
| Nifty Ultra Short Duration Debt Index (₹)# | 53,78,468 | 16,83,621 | 10,53,102 | 7,04,074 | 4,01,186 | 1,25,021 |
| CRISIL 1 Year T-Bill Index (₹)^ | 46,36,275 | 16,29,757 | 10,30,594 | 6,91,937 | 3,96,510 | 1,24,647 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.22 | 5.97 | 5.77 | 5.66 | 6.41 | 7.37 |
Scheme Inception : - August 13, 2004. 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 | Rs39.9383 | Rs41.6502 |
| Monthly IDCW | Rs10.7455 | Rs17.9529 |
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 Ultra Short Duration Debt Index A-I (Tier 1), Nifty Ultra Short Duration Debt Index (Tier 2) |
| Allotment date | August 13, 2004 |
| AAUM | Rs14,732.79 crs |
| AUM | Rs 11,282.63 crs |
| Folio count | 40,067 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 0.60 yrs |
| Modified Duration | 0.47 yrs |
| Macaulay Duration | 0.47 yrs |
| Annualised YTM* | 7.63% |
| $Standard Deviation | 0.19% |
*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
• 3-6 months
Load Structure
Entry Load: Nil. (applicable for all plans)
Exit Load:
Nil. (applicable for all plans)
Total Expense Ratio**
| Regular Plan: | 0.80% |
| Direct Plan: | 0.36% |
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 with portfolio Macaulay duration between 3 months & 6 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 22.43% 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'
**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'