Kotak Corporate Bond Fund - Growth - Direct Plan

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

₹3174.2958 0.02 %Nav, as on 03-10-2022
Previous Nav
₹ 3173.7444
Net Change on 03-10-2022
₹0.55
PersonalFN Rating
Category
Debt - Corporate Bond Fund
Assets (Cr.)
₹ 8,722.67
Expense Ratio
0.3%
(As on Aug 31, 2022)

Fund Overview Growth | Direct Plan

Fund House
Kotak Mahindra Mutual Fund
Launch Date
11-Jan-2013
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 (₹)
3079.10
52 Week Low Nav Date
06-Oct-2021
52 Week High Nav (₹)
3177.91
52 Week High Nav Date
13-Sep-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- Direct Plan- Growth Option	2.07	6.16	3.07	6.18	7.05	8.06
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	Ratings	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
Kotak Corporate Bond Fund- Direct Plan- Growth Option	Jan 11, 2013		3.07	6.18	7.05	0.30	8,722.67
HDFC Corporate Bond Fund -Direct Plan - Growth Option	Jan 01, 2013		2.61	6.69	7.10	0.32	21,578.15
IDFC Corporate Bond Fund - Direct Growth	Jan 12, 2016	Unrated	2.04	6.25	6.61	0.31	16,708.17
ICICI Prudential Corporate Bond Fund - Direct Plan - Growth	Jan 02, 2013		3.89	6.91	7.19	0.27	15,495.34
Aditya Birla Sun Life Corporate Bond Fund - Growth - Direct Plan	Jan 01, 2013		3.16	6.87	7.24	0.30	13,768.54
L&T Triple Ace Bond Fund - Direct Plan -Growth Plan	Jan 01, 2013		1.18	6.58	7.21	0.29	6,963.38

Fund Holdings as on 31-August-2022

Company % Assets
Central Government - 2033(^)
7.38
Power Finance Corporation Ltd. ( Milestone Trusteeship Services Pvt Ltd) (^)**
5.42
HDFC Ltd.**
2.86
6.4% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
2.85
HDFC Bank Ltd.**
2.70
Rural Electrification Corporation Ltd. ( BEACON Trusteeship Limited) (^)**
2.42
7.13% Power Finance Corporation Ltd. ( BEACON TRUSTEESHIP LTD)
2.29
5.65% Bajaj Finance Ltd. ( Catalyst Trusteeship Limite) **
2.29
182 Days Treasury Bill 15/09/2022
2.29
Central Government - 2031
2.26
6.75% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
2.23
Net Current Assets/(Liabilities)
1.98
7.69% National Bank for Agriculture & Rural Development**
1.97
Central Government - 2028
1.92
7.25% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite)
1.73
7.28% HDFC Ltd.**
1.72
4.85% Bajaj Housing Finance Ltd. ( Catalyst Trusteeship Limite) **
1.72
6.4% National Bank for Agriculture & Rural Development**
1.71
5.9% Grasim Industries Ltd.**
1.71
5.4% Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) **
1.70
6.1% Tata Capital Financial Services Limited ( VISTRA ITCL (India) Limite) **
1.69
6.25% EMBASSY OFFICE PARKS REIT ( Catalyst Trusteeship Limite) **
1.68
182 Days Treasury Bill 15/12/2022
1.64
HDFC Bank Ltd.**
1.62
7.45% LIC Housing Finance Ltd.**
1.44
Mahindra & Mahindra Financial Services Ltd. ( Milestone Trusteeship Services Pvt Ltd) **
1.43
AXIS Bank Ltd.**
1.39
6.24% State Bank Of India.**
1.39
8.25% Tata Capital Financial Services Limited**
1.15
HDB Financial Services Ltd.(^)**
1.15
7.35% Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) **
1.15
7.2% Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) **
1.15
6.78% Mahindra & Mahindra Ltd. ( Axis Trustee Services Limite) **
1.15
7.25% EMBASSY OFFICE PARKS REIT**
1.15
6.45% Mindspace Business Parks REIT ( IDBI Trusteeship Services Limited, Stepup 25 bps for each rating downgrad) **
1.14
5.5% Kotak Mahindra Prime Ltd.**
1.13
5.84% Bajaj Housing Finance Ltd. ( Catalyst Trusteeship Limite) **
1.12
Indian Bank**
1.12
HDFC Bank Ltd.**
1.10
7.33% LIC Housing Finance Ltd.**
0.86
HDFC Ltd.(^)**
0.86
AXIS Bank 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
5.96% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
0.84
5.27% National Bank for Agriculture & Rural Development ( Axis Trustee Services Limite) **
0.84
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) **
0.83
7.89% Gujarat State Govt - 2025 - Gujarat
0.65
8.43% HDFC Ltd.**
0.59
7.95% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
0.58
LIC Housing Finance Ltd.**
0.58
7.8% Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) **
0.58
7.57% HDB Financial Services Ltd. ( IDBI Trusteeship Services Limite) **
0.58
7.55% HDB Financial Services Ltd. ( IDBI Trusteeship Services Limite) **
0.57
7.45% LIC Housing Finance Ltd. ( Catalyst Trusteeship Limite) **
0.57
6.56% Mahindra & Mahindra Financial Services Ltd.**
0.57
7.1% ICICI Bank Ltd.**
0.57
6.15% Aditya Birla Finance Ltd.**
0.57
7% India Grid Trust ( IDBI Trusteeship Services Limited; Stepup 0.50% when downgrade to A) **
0.57
5.47% Power Finance Corporation Ltd. ( Milestone Trusteeship Services Pvt Ltd) **
0.57
182 Days Treasury Bill 22/12/2022
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
AXIS Bank Ltd.**
0.56
5.78% LIC Housing Finance Ltd.**
0.55
5.74% Central Government - 2026
0.55
HDFC Bank Ltd.**
0.55
8.03% Gujarat State Govt - 2025 - Gujarat
0.53
6.65% Grasim Industries Ltd.**
0.52
Triparty Repo
0.51
6.72% India Grid Trust ( IDBI Trusteeship Services Limited; Stepup 0.50% when downgrade to A) **
0.50
5.9% LIC Housing Finance Ltd.**
0.40
8.15% Central Government - 2022
0.34
5.45% LIC Housing Finance Ltd.**
0.34
Mahindra & Mahindra Financial Services Ltd.**
0.29
7.2% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
0.29
6.8% Hindustan Petroleum Corporation Ltd.**
0.29
6.97% Karnataka State Govt - 2028 - Karnataka
0.28
9.75% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
0.24
9% HDFC Ltd.**
0.18
7.55% Mahindra & Mahindra Financial Services Ltd.**
0.11
9.02% Rural Electrification Corporation Ltd.**
0.06
6.35% Power Finance Corporation Ltd. ( Milestone Trusteeship Services Pvt Ltd) **
0.06
7.84% Tamil Nadu State Govt - 2026 - Tamil Nadu
0.04
8.82% Rural Electrification Corporation Ltd.**
0.03
8.45% Punjab State Govt - 2023 - Punjab
0.02
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
69.17

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

Holding Type Holding %
CARE A1+
5.97
CARE AAA
0.34
Cash
2.49
CRISIL A1+
3.92
CRISIL AAA
50.53
FITCH AAA(IND)
3.41
FITCH IND AAA
0.97
ICRA AAA
9.33
ICRA AAA(CE)
4.58
SOV
18.46

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 11-Jan-2013 and currently has an AUM of ₹8,722.67 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 up ₹0.55(0.02%)yesterday to ₹3174.2958.

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

The Kotak Corporate Bond Fund is managed by Deepak Agrawal .

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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