Kotak Corporate Bond Fund - Growth - Direct Plan

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

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₹3400.3685 0.02 %Nav, as on 27-09-2023
Previous Nav
₹ 3399.8407
Net Change on 27-09-2023
₹0.53
PersonalFN Rating
Category
Debt - Corporate Bond Fund
Assets (Cr.)
₹ 10,695.85
Expense Ratio
0.33%
(As on Aug 31, 2023)

Fund Overview Growth | Direct Plan

Fund House
Kotak Mahindra Mutual Fund
Launch Date
11-Jan-2013
Benchmark
Crisil 10 Yr Gilt Index
Minimum Investment (₹)
100
Minimum Addl Investment (₹)
100
Exit Load (%)
Nil
Minimum SIP Investment (₹)
100
Minimum STP Investment (₹)
500
Minimum SWP Investment (₹)
1,000
52 Week Low Nav (₹)
3166.38
52 Week Low Nav Date
27-Sep-2022
52 Week High Nav (₹)
3399.93
52 Week High Nav Date
25-Sep-2023

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	6.73	6.59	7.39	5.38	7.24	7.98
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		7.39	5.38	7.24	0.33	10,695.85
HDFC Corporate Bond Fund -Direct Plan - Growth Option	Jan 01, 2013		7.84	5.59	7.85	0.35	26,782.16
ICICI Prudential Corporate Bond Fund - Direct Plan - Growth	Jan 02, 2013		7.99	5.96	7.76	0.32	23,243.89
Aditya Birla Sun Life Corporate Bond Fund - Growth - Direct Plan	Jan 01, 2013		7.72	5.66	7.78	0.31	17,985.73
Bandhan Corporate Bond Fund - Direct Growth	Jan 12, 2016		7.15	5.13	7.14	0.31	14,318.78
HSBC Corporate Bond Fund - Direct Growth	Jan 01, 2013	Unrated	7.65	5.01	8.34	0.29	6,769.04

Fund Holdings as on 31-August-2023

Company % Assets
Central Government - 2033(^)
6.51
Power Finance Corporation Ltd.**
4.62
7.17% Central Government - 2030
4.09
Net Current Assets/(Liabilities)
3.93
6.4% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
3.69
7.38% Central Government - 2027(^)
3.51
7.69% HDFC BANK LTD.**
3.45
7.92% Bajaj Housing Finance Ltd.
3.44
Triparty Repo
2.94
7.9% Bajaj Finance Ltd.(^)
2.57
7.55% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
2.56
7.59% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
2.45
HDFC BANK LTD.**
2.33
Rural Electrification Corporation Ltd.**
2.19
6.24% STATE BANK OF INDIA.**
2.04
7.75% LIC HOUSING FINANCE LTD.**
1.87
7.49% NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT**
1.86
6.75% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
1.84
6.37% L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited. ) **
1.60
7.99% STATE BANK OF INDIA.**
1.41
7.62% NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT
1.40
7.5% NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT**
1.40
7.06% Central Government - 2028
1.40
7.44% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
1.39
6.25% EMBASSY OFFICE PARKS REIT**
1.38
7.4% NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT**
1.25
8.3% Tata Capital Financial Services Limited**
1.18
7.9% Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) **
1.17
Mahindra & Mahindra Financial Services Ltd.**
1.17
7.44% Rural Electrification Corporation Ltd.
1.16
6.58% L&T Metro Rail (Hyderabad) Ltd ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) **
1.14
0% BAJAJ FINANCE LTD.ZCB (SR 285 OPT-II) **
1.04
7.82% LIC HOUSING FINANCE LTD.**
0.94
7.82% LIC HOUSING FINANCE LTD.**
0.94
HDB Financial Services Ltd.**
0.94
7.59% Power Finance Corporation Ltd.
0.93
7.99% HDB Financial Services Ltd.**
0.93
7.57% NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT**
0.93
7.75% MINDSPACE BUSINESS PARKS REIT**
0.93
7.43% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
0.93
7.37% Power Finance Corporation Ltd.**
0.93
RELIANCE INDUSTRIES LTD.**
0.92
7.55% Rural Electrification Corporation Ltd.**
0.89
8.8% Food Corporation of India**
0.78
7.7% NUCLEAR POWER CORPORATION OF INDIA LTD.**
0.71
7.89% Bajaj Finance Ltd.
0.70
7.67% LIC HOUSING FINANCE LTD.
0.70
HDFC BANK LTD.**
0.70
7.42% Bajaj Housing Finance Ltd.**
0.70
6.18% Mangalore Refinery and Petrochemicals Ltd.**
0.68
6.4% John Deere Financial India Private Limited**
0.68
7.77% HDFC BANK LTD.**
0.65
9% HDFC BANK LTD.**
0.64
7.26% Central Government - 2033
0.58
7.95% Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) **
0.47
8.02% MINDSPACE BUSINESS PARKS REIT**
0.47
7.75% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
0.47
7.8% HDFC BANK LTD.
0.47
7.78% HDFC BANK LTD.**
0.47
7.65% Bajaj Housing Finance Ltd.**
0.47
7.23% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
0.46
7.11% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
0.46
7.1% ICICI BANK LTD.**
0.46
6.25% LIC HOUSING FINANCE LTD.
0.46
5.7% NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT**
0.45
5.78% LIC HOUSING FINANCE LTD.**
0.45
6.72% India Grid Trust**
0.41
Mahindra & Mahindra Financial Services Ltd.**
0.23
7.25% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
0.23
6.97% Karnataka State Govt - 2028 - Karnataka
0.23
7.15% SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
0.19
Central Government - 2031
0.13
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
DME DEVELOPMENT LIMITED**
0.10
7.69% Rural Electrification Corporation Ltd.**
0.05
6.35% Power Finance Corporation Ltd.**
0.05
GS CG 12 Oct 2023 - (STRIPS)
0.04
GS CG 12 Apr 2024 - (STRIPS)
0.04
GS CG 12 Oct 2024 - (STRIPS)
0.03
GS CG 12 Apr 2025 - (STRIPS)
0.03
GS CG 12 Oct 2025 - (STRIPS)
0.03
7.84% Tamil Nadu State Govt - 2026 - Tamil Nadu
0.03
GS CG 12 Apr 2026 - (STRIPS)
0.03
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.**
0.00

Sector Holding%
Miscellaneous
75.54

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 Bond Short Term Fund
Kotak Floating Rate Fund
Kotak Money Market Fund
Kotak Overnight Fund
Kotak Banking and PSU Debt Fund
Kotak Bond Short Term Fund
Kotak Corporate Bond Fund
Kotak Credit Risk Fund
Kotak Dynamic Bond Fund
Kotak Floating Rate Fund
Kotak Liquid Fund
Kotak Low Duration Fund
Kotak Medium Term Fund
Kotak Money Market 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 Floating Rate Fund
Kotak Money Market Fund
Kotak Corporate Bond Fund
Kotak Floating Rate Fund
Kotak Low Duration Fund
Kotak Money Market Fund
Kotak Savings Fund

Holding Type Holding %
CARE AAA
1.17
Cash
6.87
CRISIL A1+
0.92
CRISIL AAA
63.64
CRISIL AAA(CE)
3.52
FITCH AAA
2.08
FITCH AAA(IND)
0.98
ICRA AAA
4.16
SOV
16.68

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 ₹10,695.85 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 ₹0.53(0.02%)yesterday to ₹3400.3685.

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: https://www.kotakmf.com/

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