Kotak Corporate Bond Fund - Growth - Regular Plan

Item: Kotak Corporate Bond Fund - Growth - Regular Plan
Rating: 3
Author: PersonalFN

₹3106.6577 (-0.01%)Nav, as on 06-12-2022
Previous Nav
₹ 3106.9242
Net Change on 06-12-2022
₹-0.27
PersonalFN Rating
Category
Debt - Corporate Bond Fund
Assets (Cr.)
₹ 8,774.80
Expense Ratio
0.66%
(As on Oct 31, 2022)

Fund Overview Growth | Regular Plan

Fund House
Kotak Mahindra Mutual Fund
Launch Date
21-Sep-2007
Benchmark
Crisil 10 Yr Gilt Index
Minimum Investment (₹)
5,000
Minimum Addl Investment (₹)
1,000
Exit Load (%)
Nil
Minimum SIP Investment (₹)
1,000
Minimum STP Investment (₹)
500
Minimum SWP Investment (₹)
1,000
52 Week Low Nav (₹)
3003.30
52 Week Low Nav Date
06-Dec-2021
52 Week High Nav (₹)
3106.92
52 Week High Nav Date
05-Dec-2022

Fund Objective

The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporatesecurities. The scheme would also seek to maintain reasonable liquidity within the fund.

Fund Performance

Scheme Name	1-Month Return (%)	3-Month Return (%)	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Since Inception
Kotak Corporate Bond Fund- Regular Plan-Growth Option	8.71	4.96	3.44	5.68	6.76	7.73
Crisil 10 Yr Gilt Index	N/A	N/A	N/A	N/A	N/A	N/A
CRISIL Corporate Bond Index	N/A	N/A	N/A	N/A	N/A	N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name	Launch Date	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
Kotak Corporate Bond Fund- Regular Plan-Growth Option	Sep 21, 2007	3.44	5.68	6.76	0.66	8,774.80
HDFC Corporate Bond Fund - Growth Option	Jun 29, 2010	2.92	6.33	6.98	0.61	23,230.26
IDFC Corporate Bond Fund - Regular Growth	Jan 12, 2016	2.27	5.86	6.37	0.61	16,438.22
ICICI Prudential Corporate Bond Fund - Growth	Aug 11, 2009	4.04	6.37	6.93	0.58	15,772.66
Aditya Birla Sun Life Corporate Bond Fund - Growth - Regular Plan	Mar 03, 1997	3.79	6.62	7.19	0.46	12,547.07
HSBC Corporate Bond Fund - Regular Growth	Mar 31, 1997	1.84	6.27	7.14	0.63	7,264.25

Fund Holdings as on 30-November-2022

Company % Assets
Central Government - 2033
7.66
Power Finance Corporation Ltd. ( Milestone Trusteeship Services Pvt Ltd) **
5.38
7.13% Power Finance Corporation Ltd. ( BEACON TRUSTEESHIP LTD) **
3.39
6.4% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
3.38
7.9% Bajaj Finance Ltd. ( Catalyst Trusteeship Limite) **
3.14
6.37% L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited. ) **
3.05
HDFC Ltd.**
2.84
Triparty Repo
2.73
HDFC Bank Ltd.**
2.72
6% Bajaj Finance Ltd. ( Catalyst Trusteeship Limite) **
2.71
6.24% State Bank Of India.
2.47
Rural Electrification Corporation Ltd. ( BEACON Trusteeship Limited) (^)**
2.40
Central Government - 2031
2.28
5.65% Bajaj Finance Ltd. ( Catalyst Trusteeship Limite) **
2.27
6.75% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
2.22
7.15% Small Industries Development Bank Of India ( IDBI Trusteeship Services Ltd) **
1.98
7.69% National Bank for Agriculture & Rural Development**
1.94
7.99% State Bank Of India.**
1.72
Central Government - 2028
1.71
7.25% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
1.70
5.9% Grasim Industries Ltd.**
1.69
5.4% Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) **
1.69
6.1% Tata Capital Financial Services Limited ( VISTRA ITCL (India) Limite) **
1.67
6.25% EMBASSY OFFICE PARKS REIT ( Catalyst Trusteeship Limite) **
1.66
Net Current Assets/(Liabilities)
1.47
7.45% LIC Housing Finance Ltd.**
1.42
Mahindra & Mahindra Financial Services Ltd. ( Milestone Trusteeship Services Pvt Ltd) **
1.42
HDB Financial Services Ltd.(^)**
1.14
6.78% Mahindra & Mahindra Ltd. ( Axis Trustee Services Limite) **
1.14
7.25% EMBASSY OFFICE PARKS REIT**
1.14
7.25% Small Industries Development Bank Of India ( IDBI Trusteeship Services Ltd) **
1.13
7.4% HDFC Ltd.**
1.13
6.45% Mindspace Business Parks REIT ( IDBI Trusteeship Services Limited, Stepup 25 bps for each rating downgrad) **
1.12
5.5% Kotak Mahindra Prime Ltd.**
1.12
5.84% Bajaj Housing Finance Ltd. ( Catalyst Trusteeship Limite) **
1.12
Export-Import Bank of India**
1.04
HDFC Ltd.(^)**
0.85
7.33% LIC Housing Finance Ltd.**
0.85
5.44% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
0.84
5.75% Bajaj Finance Ltd. ( Catalyst Trusteeship Limite) **
0.84
HDFC Bank Ltd.**
0.83
5.27% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
0.83
5.96% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
0.83
6.18% Mangalore Refinery and Petrochemicals Ltd. ( SBICAP TRUSTEE COMPANY LIMITE) **
0.83
6.4% John Deere Financial India Private Limited ( Catalyst Trusteeship Ltd. 0.25% for rating downgrade. Redm on rating @ AA) **
0.82
8.43% HDFC Ltd.**
0.58
7.95% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
0.57
7.75% Small Industries Development Bank Of India ( IDBI Trusteeship Services Ltd) **
0.57
7.57% HDB Financial Services Ltd. ( IDBI Trusteeship Services Limite) **
0.57
7.8% Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) **
0.57
6.15% Aditya Birla Finance Ltd.**
0.57
7.42% Bajaj Housing Finance Ltd. ( Catalyst Trusteeship Limite)
0.56
7% India Grid Trust ( IDBI Trusteeship Services Limited; Stepup 0.50% when downgrade to A) **
0.56
7.1% ICICI Bank Ltd.**
0.56
5.53% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
0.56
5.14% National Bank for Agriculture & Rural Development**
0.56
HDFC Bank Ltd.
0.55
5.78% LIC Housing Finance Ltd.**
0.54
8.03% Gujarat State Govt - 2025 - Gujarat
0.52
6.65% Grasim Industries Ltd.**
0.51
6.72% India Grid Trust ( IDBI Trusteeship Services Limited; Stepup 0.50% when downgrade to A) **
0.50
8.95% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
0.46
7.89% Gujarat State Govt - 2025 - Gujarat
0.40
5.9% LIC Housing Finance Ltd.**
0.40
5.45% LIC Housing Finance Ltd.**
0.34
Mahindra & Mahindra Financial Services Ltd.**
0.29
7.55% HDB Financial Services Ltd. ( IDBI Trusteeship Services Limite) **
0.28
7.2% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
0.28
7.65% Bajaj Housing Finance Ltd. ( Catalyst Trusteeship Limite)
0.28
6.97% Karnataka State Govt - 2028 - Karnataka
0.28
9.75% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
0.23
7.38% Central Government - 2027
0.14
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
DME Development Limited ( SBICAP Trustee Company Ltd. Step up @ 0.25bps if downgrade below AA) **
0.12
7.45% LIC Housing Finance Ltd. ( Catalyst Trusteeship Limite) **
0.06
6.35% Power Finance Corporation Ltd. ( Milestone Trusteeship Services Pvt Ltd) **
0.06
7.84% Tamil Nadu State Govt - 2026 - Tamil Nadu
0.03
8.82% Rural Electrification Corporation Ltd.**
0.03
8.45% Punjab State Govt - 2023 - Punjab
0.01
9.5% Export-Import Bank of India**
0.00
8.8% Power Grid Corporation of India Ltd.**
0.00
8.5% Indian Railway Finance Corporation Ltd. ( Karvy Computershare Pvt. Ltd) **
0.00

Sector Holding%
Miscellaneous
77.61

Fund Manager

Deepak Agrawal

Education:Post Graduate in Commerce from Mumbai University, a qualified chartered account and a company secretary. Also cleared AIMR CFA Level
Experience:14 Years
Basic Details:Mr. Deepak Agrawal's career has started from Kotak AMC when he joined the organization in December 2002, where he was initially in Research, Dealing and then moved into Fund Management from November 2006.
Funds Managed:
Kotak Banking and PSU Debt Fund
Kotak Bond Short Term Fund
Kotak Bond Short Term Fund
Kotak Corporate Bond Fund
Kotak Credit Risk Fund
Kotak Dynamic Bond Fund
Kotak Floating Rate Fund
Kotak Floating Rate Fund
Kotak Liquid Fund
Kotak Low Duration Fund
Kotak Medium Term Fund
Kotak Money Market Fund
Kotak Money Market Fund
Kotak Overnight Fund
Kotak Overnight Fund
Kotak Savings Fund

Manu Sharma

Education:Chartered Accountant & M.Com
Experience:16 years
Basic Details:Mr. Manu Sharma has over 17 years of experience in the fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation. He joinedKotak AMC from Deskera Systems in September 2019 and was based out of Bangalore/Singapore for one year. Prior to it Mr. Manu was with Kotak AMCsince September 2006 to June 2018 and has handled major assignments like the Fund Management, Operations and Finance for the KotakAMC.
Funds Managed:
Kotak Corporate Bond Fund
Kotak Floating Rate Fund
Kotak Floating Rate Fund
Kotak Low Duration Fund
Kotak Money Market Fund
Kotak Money Market Fund
Kotak Savings Fund

Holding Type Holding %
CARE A1+
4.10
CARE AAA
0.34
Cash
4.20
CRISIL AAA
59.17
CRISIL AAA(CE)
3.05
FITCH AAA(IND)
3.39
FITCH IND AAA
0.29
ICRA AAA
10.10
ICRA AAA(CE)
2.26
Sov
13.03

About Kotak Corporate Bond Fund

Scheme Analysis

Kotak Corporate Bond Fund is a Debt - Corporate Bond Fund fund and belongs to Kotak Mahindra Mutual Fund. It was launched on 21-Sep-2007 and currently has an AUM of ₹8,774.80 crore. Kotak Corporate Bond Fund is benchmarked against Crisil 10 Yr Gilt Index as primary index and CRISIL Corporate Bond Index as secondary index.

The NAV of Kotak Corporate Bond Fund ended down ₹-0.27(-0.01%)yesterday to ₹3106.6577.

Among its top 3 holdings the fund has exposure to Central Government - 2033, and

The Kotak Corporate Bond Fund is managed by Deepak Agrawal and Manu Sharma.

Fund House Contact

Address:

27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Phone Number: +91 (22) 66384400

Email Address: mutual@kotak.com

Fax Number: +91 (22) 66384455

Website: http://assetmanagement.kotak.com/

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