| KOTAK LIQUID FUND
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
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
An open ended liquid scheme
A relatively low interest rate risk and moderate credit risk
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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 | ||
| Corporate Debt/Financial Institutions | ||
| Bajaj Housing Finance Ltd. | CRISIL AAA | 0.46 |
| HDB Financial Services Ltd. | CRISIL AAA | 0.31 |
| Corporate Debt/Financial Institutions - Total | 0.77 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Corporate Debt/Financial Institutions | ||
| ICICI Securities Limited | CRISIL A1+ | 4.00 |
| Bajaj Finance Ltd. | CRISIL A1+ | 3.80 |
| HDFC Bank Ltd. | CARE A1+ | 3.62 |
| Aditya Birla Finance Ltd. | ICRA A1+ | 3.35 |
| Reliance Retail Ventures Ltd | CRISIL A1+ | 2.00 |
| HDFC Securities Limited | ICRA A1+ | 1.82 |
| L&T Finance Holdings Ltd | CRISIL A1+ | 1.81 |
| Indusind Bank Ltd. | CRISIL A1+ | 1.59 |
| Birla Group Holding Private Limited | CRISIL A1+ | 1.58 |
| Bajaj Financial Securities Limited | CRISIL A1+ | 1.45 |
| Sikka Ports & Terminals Ltd. | CRISIL A1+ | 1.09 |
| Shriram Finance Limited | CRISIL A1+ | 0.90 |
| Axis Securities Limited | ICRA A1+ | 0.73 |
| Axis Securities Limited | CRISIL A1+ | 0.73 |
| Hero FinCorp Ltd. | CRISIL A1+ | 0.73 |
| Jamnagar Utilities & Power Private Limited | CRISIL A1+ | 0.73 |
| LIC Housing Finance Ltd. | CRISIL A1+ | 0.73 |
| Piramal Capital & Housing Finance Ltd. | CRISIL A1+ | 0.73 |
| Tata Consumer Products Ltd. | ICRA A1+ | 0.73 |
| Mahindra & Mahindra Financial Services Ltd. | CRISIL A1+ | 0.72 |
| Seil Energy India Ltd. | CRISIL A1+ | 0.63 |
| Motilal Oswal Finvest Ltd. | CRISIL A1+ | 0.55 |
| 360 One Prime Ltd. | CRISIL A1+ | 0.36 |
| 360 One Wam Limited | ICRA A1+ | 0.36 |
| Motilal Oswal Financial Services Limited | ICRA A1+ | 0.36 |
| Aditya Birla Housing Finance | ICRA A1+ | 0.33 |
| Muthoot Finance Ltd. | CRISIL A1+ | 0.27 |
| Aditya Birla Money Ltd | CRISIL A1+ | 0.18 |
| Federal Bank Ltd. | CRISIL A1+ | 0.04 |
| Godrej Housing Finance Ltd | CRISIL A1+ | 0.04 |
| Corporate Debt/Financial Institutions - Total | 35.96 | |
| Public Sector Undertakings | ||
| Canara Bank | CRISIL A1+ | 14.15 |
| National Bank For Agriculture & Rural Development | ICRA A1+ | 10.86 |
| Bank Of Baroda | FITCH A1+ | 9.82 |
| Punjab National Bank | FITCH A1+ | 4.72 |
| Union Bank Of India | FITCH A1+ | 4.52 |
| Indian Bank | CRISIL A1+ | 3.63 |
| Small Industries Development Bank Of India | CARE A1+ | 2.68 |
| Pnb Housing Finance Ltd. | CRISIL A1+ | 2.18 |
| Punjab & Sind Bank | ICRA A1+ | 1.82 |
| Small Industries Development Bank Of India | FITCH A1+ | 1.82 |
| Punjab National Bank | ICRA A1+ | 1.81 |
| Export-Import Bank Of India | CRISIL A1+ | 1.09 |
| Bobcard Limited ( Formerly Known As Bob Financial Solutions Ltd) | CRISIL A1+ | 0.36 |
| Small Industries Development Bank Of India | CRISIL A1+ | 0.04 |
| Public Sector Undertakings - Total | 59.50 | |
| Treasury Bills | ||
| 91 DAYS TREASURY BILL 13/06/2024 | SOV | 9.05 |
| 91 DAYS TREASURY BILL 23/05/2024 | SOV | 4.55 |
| 91 DAYS TREASURY BILL 30/05/2024 | SOV | 4.36 |
| 91 DAYS TREASURY BILL 06/06/2024 | SOV | 4.35 |
| Treasury Bills - Total | 22.31 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | AIF Units | 0.27 |
| Alternative Investment Fund - Total | 0.27 | |
| Net Current Assets/(Liabilities) | -18.81 | |
| Grand Total | 100.00 |
Net Asset Value (NAV)
| Regular | Direct | |
| Growth | Rs4839.90 | Rs4879.04 |
| IDCW | Rs1223.52 | Rs1223.54 |
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 B-I (Tier 1) - effective upto March 31, 2024 Nifty Liquid Index A-I (Tier 1) - effective from April 1, 2024 Nifty Liquid Index (Tier 2) |
| Allotment date | November 4, 2003 |
| AAUM | Rs34,867.24 crs |
| AUM | Rs24,666.29 crs |
| Folio count | 55,048 |
IDCW Frequency
Daily
Debt Quant & Ratios
| Average Maturity | 0.19 yrs |
| Modified Duration | 0.19 yrs |
| Macaulay Duration | 0.19 yrs |
| Annualised YTM* | 7.51% |
| $Standard Deviation | 0.64% |
*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)
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 subscription | Exit 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: | 0.32% |
| Direct Plan: | 0.20% |
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*:
- 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 31st March, 2024. An addendum may be issued or updated on the website for new riskometer.
**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 scheme performance, please refer 'Scheme Performances'