| 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 March 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 | ||
| GS CG 12/09/2025 - (STRIPS) | SOV | 0.18 |
| GS CG 17/12/2026 - (STRIPS) | SOV | 0.17 |
| Government Dated Securities - Total | 0.35 | |
| Public Sector Undertakings | ||
| Rural Electrification Corporation Ltd. | CRISIL AAA | 4.31 |
| National Bank For Agriculture & Rural Development (^) | CRISIL AAA | 1.87 |
| National Bank For Agriculture & Rural Development (^) | ICRA AAA | 1.52 |
| ONGC Petro Additions Ltd. | ICRA AAA(CE) | 0.12 |
| PNB Housing Finance Ltd. | ICRA AA | 0.10 |
| Power Grid Corporation of India Ltd. | CRISIL AAA | 0.04 |
| Power Finance Corporation Ltd. | CRISIL AAA | 0.04 |
| Public Sector Undertakings - Total | 8.00 | |
| Corporate Debt/Financial Institutions | ||
| Cholamandalam Investment And Finance Company Ltd. | ICRA AA+ | 3.23 |
| Mahindra & Mahindra Financial Services Ltd. | FITCH AAA | 2.82 |
| Bharti Telecom Ltd. (^) | CRISIL AA+ | 2.82 |
| Hdfc Bank Ltd. | CRISIL AAA | 2.21 |
| Nirma Ltd. (^) | CRISIL AA | 2.02 |
| Bajaj Housing Finance Ltd. (^) | CRISIL AAA | 1.77 |
| Embassy Office Parks REiT (^) | CRISIL AAA | 1.74 |
| Indinfravit Trust | ICRA AAA | 1.42 |
| Tata Capital Housing Finance Ltd. | CRISIL AAA | 1.37 |
| Bharti Telecom Ltd.(^) | CRISIL AA+ | 0.84 |
| Lic Housing Finance Ltd. (^) | CRISIL AAA | 0.81 |
| Grihum Housing Finance Limited (^) | CARE AA- | 0.81 |
| Sundaram Home Finance Ltd | ICRA AAA | 0.81 |
| Titan Company Ltd. (^) | CRISIL AAA | 0.81 |
| Sansar Trust (Sansar Trust) | ICRA AAA(SO) | 0.72 |
| HDB Financial Services Ltd. | CRISIL AAA | 0.40 |
| Kotak Mahindra Prime Ltd. (^) | CRISIL AAA | 0.40 |
| LIC Housing Finance Ltd.(^) | CRISIL AAA | 0.29 |
| Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) | CRISIL AAA | 0.20 |
| Muthoot Finance Ltd. (^) | CRISIL AA+ | 0.20 |
| Poonawalla Fincorp Limited | CRISIL AAA | 0.08 |
| Corporate Debt/Financial Institutions - Total | 25.77 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Treasury Bills | ||
| 182 DAYS TREASURY BILL 22/08/2024 | SOV | 3.54 |
| 182 DAYS TREASURY BILL 05/09/2024 | SOV | 3.14 |
| 182 DAYS TREASURY BILL 12/09/2024 | SOV | 3.13 |
| 364 DAYS TREASURY BILL 06/02/2025 | SOV | 3.05 |
| 182 DAYS TREASURY BILL 29/08/2024 | SOV | 1.96 |
| 182 DAYS TREASURY BILL 20/06/2024 | SOV | 0.40 |
| Treasury Bills - Total | 15.22 | |
| Public Sector Undertakings | ||
| Small Industries Development Bank Of India(^) | CARE A1+ | 9.67 |
| Punjab National Bank(^) | ICRA A1+ | 3.80 |
| Union Bank Of India(^) | FITCH A1+ | 3.78 |
| National Bank For Agriculture & Rural Development | FITCH A1+ | 3.01 |
| National Bank For Agriculture & Rural Development(^) | FITCH A1+(IND) | 1.91 |
| Canara Bank(^) | CRISIL A1+ | 1.90 |
| National Bank For Agriculture & Rural Development(^) | CRISIL A1+ | 1.51 |
| Public Sector Undertakings - Total | 25.58 | |
| Corporate Debt/Financial Institutions | ||
| Axis Bank Ltd.(^) | CRISIL A1+ | 6.78 |
| HDFC Bank Ltd.(^) | CARE A1+ | 5.71 |
| Federal Bank Ltd.(^) | CRISIL A1+ | 2.65 |
| ICICI Bank Ltd.(^) | ICRA A1+ | 2.27 |
| Cholamandalam Investment And Finance Company Ltd.(^) | CRISIL A1+ | 2.08 |
| Panatone Finvest Ltd.(^) | CRISIL A1+ | 1.90 |
| Idfc First Bank Limited(^) | CRISIL A1+ | 1.89 |
| Indusind Bank Ltd.(^) | CRISIL A1+ | 1.56 |
| HDFC Bank Ltd.(^) | FITCH A1+ | 1.51 |
| Godrej Industries Ltd | CRISIL A1+ | 0.60 |
| Barclays Investments & Loan (India) Pvt. Ltd.(^) | CRISIL A1+ | 0.56 |
| Corporate Debt/Financial Institutions - Total | 27.51 | |
| Triparty Repo | 0.03 | |
| Alternative Investment Fund | ||
| CORPORATE DEBT MARKET DEVELOPMENT FUND - CLASS A2 | AIF Units | 0.25 |
| Alternative Investment Fund - Total | 0.25 | |
| Net Current Assets/(Liabilities) | -2.71 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹)10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (₹) | 23,60,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Mar 31, 2024 (₹) | 49,99,989 | 16,42,037 | 10,28,512 | 6,88,955 | 3,94,373 | 1,24,418 |
| Scheme Returns (%) | 7.09 | 6.12 | 5.71 | 5.49 | 6.05 | 7.02 |
| Nifty Ultra Short Duration Debt Index BI Returns (%) | 7.59 | 6.63 | 6.32 | 6.19 | 6.84 | 7.79 |
| Alpha* | -0.49 | -0.51 | -0.61 | -0.70 | -0.79 | -0.77 |
| Nifty Ultra Short Duration Debt Index BI (₹)# | 52,85,565 | 16,86,315 | 10,50,928 | 7,01,114 | 3,99,007 | 1,24,899 |
| Nifty Ultra Short Duration Debt Index Returns (%) | 7.51 | 6.55 | 6.26 | 6.14 | 6.85 | 7.76 |
| Alpha* | -0.42 | -0.43 | -0.55 | -0.65 | -0.79 | -0.75 |
| Nifty Ultra Short Duration Debt Index (₹)# | 52,42,153 | 16,79,421 | 10,48,750 | 7,00,273 | 3,99,042 | 1,24,884 |
| CRISIL 1 Year T-Bill Index (₹)^ | 45,19,991 | 16,25,188 | 10,26,019 | 6,88,236 | 3,94,070 | 1,24,468 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.19 | 5.92 | 5.64 | 5.45 | 6.00 | 7.10 |
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 | Rs39.2474 | Rs40.8843 |
| Monthly IDCW | Rs10.7525 | Rs17.6187 |
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 B-I (Tier 1) - effective upto March 31, 2024. Nifty Ultra Short Duration Debt Index A-I (Tier 1) - effective from April 1, 2024., Nifty Ultra Short Duration Debt Index (Tier 2) |
| Allotment date | August 13, 2004 |
| AAUM | Rs12,719.32 crs |
| AUM | Rs 10,829.32 crs |
| Folio count | 41,382 |
IDCW Frequency
Monthly (12th of every Month)
Debt Quant & Ratios
| Average Maturity | 0.69 yrs |
| Modified Duration | 0.51 yrs |
| Macaulay Duration | 0.51 yrs |
| Annualised YTM* | 7.80% |
| $Standard Deviation | 0.69% |
*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: | 0.81% |
| Direct Plan: | 0.37% |
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 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 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 55.16% 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'
**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'