| 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.
| 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.

  

  
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 8.54
7.69% Central Government SOV 5.77
GS CG 19/03/2026 - (STRIPS)(^) SOV 0.97
GS CG 19/09/2026 - (STRIPS)(^) SOV 0.93
GS CG 19/03/2028 - (STRIPS) SOV 0.41
8.33% Rajasthan State Govt-Rajasthan SOV 0.19
7.84% Tamil Nadu State Govt-Tamil Nadu SOV 0.03
Government Dated Securities - Total 16.84
Public Sector Undertakings
National Bank For Agriculture & Rural Development CRISIL AAA 10.38
Rural Electrification Corporation Ltd. CRISIL AAA 6.08
Small Industries Development Bank Of India ICRA AAA 4.60
Power Finance Corporation Ltd. CRISIL AAA 3.68
Small Industries Development Bank Of India CRISIL AAA 0.94
Power Finance Corporation Ltd. CRISIL AAA 0.94
National Bank For Agriculture & Rural Development (^) ICRA AAA 0.32
PNB Housing Finance Ltd. ICRA AA 0.16
Public Sector Undertakings - Total 27.10
Corporate Debt/Financial Institutions
Embassy Office Parks ReIT CRISIL AAA 6.76
Bharti Telecom Ltd. (^) CRISIL AA+ 5.16
LIC Housing Finance Ltd. (^) CRISIL AAA 4.51
Muthoot Finance Ltd. (^) ICRA AA+ 2.90
HDFC Bank Ltd.(^) CRISIL AAA 2.50
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 2.46
Indinfravit Trust ICRA AAA 1.84
Cholamandalam Investment And Finance Company Ltd. ICRA AA+ 1.69
Titan Company Ltd. CRISIL AAA 1.57
Nirma Ltd. CRISIL AA 1.57
Tata Projects Ltd. (^) FITCH AA 1.56
Sansar Trust(Sansar Trust) ICRA AAA(SO) 1.32
Mindspace Business Parks ReIT (^) CRISIL AAA 1.28
PTC First Business Receivables Trust (Series 23) 01/10/2025(First Business Receivables Trust) CRISIL AAA(SO) 1.27
Can Fin Homes Ltd. ICRA AAA 1.26
Bajaj Housing Finance Ltd. CRISIL AAA 1.26
India Grid Trust (^) CRISIL AAA 1.25
HDB Financial Services Ltd. CRISIL AAA 1.25
Grihum Housing Finance Limited CARE AA- 1.25
L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (^) CRISIL AAA(CE) 1.22
Titan Company Ltd. CRISIL AAA 1.19
Aadhar Housing Finance Limited (^) ICRA AA 1.01
PTC Sansar Trust (SERIES A1) 20/01/2027 (MAT 20/11/2029)(SANSAR TRUST)(^) CRISIL AAA(SO) 1.00
Tata Capital Financial Services Limited ICRA AAA 0.94
John Deere Financial India Private Limited (^) CRISIL AAA 0.62
PTC FIRST BUSINESS TRUST (SR 24) 01/01/2026(First Business Receivables Trust) CRISIL AAA(SO) 0.57
JM Financial Credit Solutions Ltd. ICRA AA 0.51
Sundaram Home Finance Ltd ICRA AAA 0.44
Can Fin Homes Ltd.(^) FITCH AA+ 0.32
India Grid Trust FITCH AAA 0.31
ICICI Home Finance Company Limited CRISIL AAA 0.31
Godrej Properties Limited (^) ICRA AA+ 0.31
Bajaj Finance Ltd. CRISIL AAA 0.31
Poonawalla Fincorp Limited CRISIL AAA 0.19
Godrej Industries Ltd(^) CRISIL AA 0.06
Samvardhana Motherson International Ltd FITCH AAA 0.03
Godrej Industries Ltd CRISIL AA 0.03
Corporate Debt/Financial Institutions - Total 52.03
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Public Sector Undertakings
Punjab & Sind Bank ICRA A1+ 0.02
Public Sector Undertakings - Total 0.02
Corporate Debt/Financial Institutions
HDFC Bank Ltd. CARE A1+ 2.64
Seil Energy India Ltd. CRISIL A1+ 2.24
Corporate Debt/Financial Institutions - Total 4.88
Triparty Repo 0.48
Alternative Investment Fund
CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 AIF Units 0.29
Alternative Investment Fund - Total 0.29
Net Current Assets/(Liabilities) -1.64
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 19,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Mar 31, 2024 (₹) 35,40,083 16,71,121 10,37,080 6,90,861 3,93,175 1,24,319
Scheme Returns (%) 7.13 6.46 5.95 5.60 5.85 6.86
Nifty Low Duration Debt Index BI Returns (%) 7.40 6.72 6.42 6.27 6.76 7.78
Alpha* -0.27 -0.26 -0.48 -0.67 -0.92 -0.92
Nifty Low Duration Debt Index BI (₹)# 36,25,882 16,93,782 10,54,803 7,02,502 3,98,553 1,24,893
Nifty Low Duration Debt Index Returns (%) 7.26 6.54 6.22 6.04 6.55 7.56
Alpha* -0.13 -0.08 -0.28 -0.44 -0.70 -0.71
Nifty Low Duration Debt Index (₹)# 35,80,726 16,78,497 10,47,380 6,98,435 3,97,298 1,24,758
CRISIL 1 Year T-Bill Index (₹)^ 32,70,798 16,25,188 10,26,019 6,88,236 3,94,070 1,24,468
CRISIL 1 Year T-Bill Index Returns (%) 6.23 5.92 5.64 5.45 6.00 7.10

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)
RegularDirect
Growth Rs3050.72Rs3294.46
Monthly IDCW Rs1162.84Rs1399.99
(as on March 28, 2024)

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 B-I(Tier 1) - effective upto March 31, 2024 Nifty Low Duration Debt Index A-I (Tier 1) - effective from April 1, 2024, Nifty Low Duration Debt Index (Tier 2)
Allotment dateMarch 6, 2008
AAUMRs8,365.10 crs
AUMRs7,962.52 crs
Folio count81,250

IDCW Frequency

At discretion of trustees


Debt Quant & Ratios
Average Maturity2.38 yrs
Modified Duration1.03 yrs
Macaulay Duration1.10 yrs
Annualised YTM*8.12%
$Standard Deviation0.70%

*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: 1.16%
Direct Plan: 0.41%

Data as on 31st March, 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 31st March, 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 31 Mar 2024 is 9.41% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST
***As per SEBI circular no. SEBI/HO/IMD/IMD-11 DF3/P/CIR/2021 /652 dated October 27, 2021; AMFI letter no. 35P/MEM-COR/70/2021-22 dated November 25, 2021 and AMFI letter no. 35P/ MEM-COR/ 131 / 2021-22 dated March 31, 2022 with effect from April 01, 2022 ("Effective date"), the first tier benchmark index of the scheme. Existing benchmark will be Second Tier benchmark for aforementioned scheme.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'