August 8, 2022
mayank
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Guidance
NAV Growth : Rs 9.9411
NAV IDCW : Rs 9.9412
Suitable For Which Investors ?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy :
The scheme seeks to track the Nifty SDL Apr 2027 Top 12 Equal Weight Index by investing in SDLs, maturing on or before Apr 2027, subject to tracking errors
Fund Manager :
— Abhishek Bisen
Education : Mr. Bisen is a BA and MBA in Finance.
Experience : Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0.15% for redemption within 30 days |
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 11-Feb-22 |
| Return Since Launch: | -0.59% |
| Benchmark: | Nifty SDL Apr 2027 Top 12 Equal Weight |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 2,694 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.14% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct-G | — | -0.34 | 0.17 | 1.19 | 2.28 | — | — | — | — | — | — |
| VR Bond | — | 0.1 | 0.54 | 0.95 | 1.09 | — | — | — | — | — | — |
| Debt: Medium to Long Duration | — | -0.35 | 0.14 | 0.98 | 2.19 | — | — | — | — | — | — |
| Rank within category | — | 9 | 7 | 3 | 6 | — | — | — | — | — | — |
| Number of funds in category | 19 | 28 | 28 | 28 | 28 | 21 | 15 | 14 | 14 | 14 | 0 |
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund | Unrated | Feb-22 | — | — | — | 0.14 | 2,694 |
| ICICI Prudential Bond Fund | 4 star | Jan-13 | 2.66 | 6.62 | 6.62 | 0.56 | 2,457 |
| Kotak Bond Fund | 4 star | Jan-13 | 2.53 | 6.23 | 6.35 | 0.63 | 1,567 |
| Aditya Birla Sun Life Income Fund | 4 star | Jan-13 | 2.83 | 6.45 | 6.56 | 0.49 | 1,543 |
| SBI Magnum Income Fund | 5 star | Jan-13 | 2.41 | 7.22 | 7.08 | 0.8 | 1,529 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 55 | 55 | 14 | 28 |
| Modified Duration (yrs) | 3.48 | 3.77 | 3.15 | 3.66 |
| Average Maturity (yrs) | 4.25 | 4.64 | 3.82 | 4.95 |
| Yield to Maturity (%) | 7.23 | 7.59 | 5.79 | 7.18 |
| Avg Credit Rating | GOI/Cash | — | — | — |
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Guidance by Chanakya :
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