October 10, 2022
mayank
NFO of Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index Fund
NFO opens on September 29 ,2022
NFO will close on October 10 ,2022
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to track the Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index by investing in SDLs and PSU Bonds, maturing on or before Jul 2028, subject to tracking difference.
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Issue Open: | 29 September 2022 |
| Issue Close: | 10 October 2022 |
| Type: | Open-ended |
| Category: | Debt: Target Maturity |
| Min. Investment(Rs): | 5,000 |
| Plans: | Growth, IDCW |
| Lock-in Period: | NA |
| Exit Load: | 0.15% for redemption within 30 days |
| Riskometer: | Moderate |
| Benchmark: | Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 |
About Benchmark Index
Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index seeks to measure the performance of portfolio of SDLs & AAA rated PSU Bonds maturing during the twelve month period ending July 31, 2028.
Methodology Features
i. Index represents the performance of maturity-targeted SDL &
AAA rated PSU Bond market
ii. Index holds AAA rated PSU Bonds & SDLs , maturing during the
twelve month period ending July 31, 2028
iii. The index is reviewed at the end of every calendar half year
Features
➢ Methodology: Total Return
➢ No. of Constituents: 13
➢ No. of Issuer in the index: 13
➢ Base Value: 1000
➢ Base Date: September 27, 2022
➢ Index Maturity Date: July 31, 2028
Index Level Average Statistics
| Index Name | Yield | Residual Maturity | Macaulay’s Duration |
| Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index | 7.64% | 5.69 | 4.61 |
Issuer Level Average Statistics
| Sr. no. | Issuer Name | Yield | Residual Maturity | Macaulay’s Duration |
| 1 | WEST BENGAL GOVERNMENT | 7.63% | 5.83 | 4.68 |
| 2 | RAJASTHAN GOVERNMENT | 7.64% | 5.83 | 4.68 |
| 3 | MAHARASHTRA GOVERNMENT | 7.63% | 5.82 | 4.87 |
| 4 | KARNATAKA GOVERNMENT | 7.64% | 5.82 | 4.89 |
| 5 | UTTAR PRADESH GOVERNMENT | 7.65% | 5.75 | 4.6 |
| 6 | TAMIL NADU GOVERNMENT | 7.65% | 5.66 | 4.52 |
| 7 | GUJARAT GOVERNMENT | 7.65% | 5.62 | 4.49 |
| 8 | POWER GRID CORPORATION OF INDIA LIMITED | 7.53% | 5.8 | 4.75 |
| 9 | NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 7.64% | 5.7 | 4.53 |
| 10 | POWER FINANCE CORPORATION LIMITED | 7.66% | 5.52 | 4.42 |
| 11 | NUCLEAR POWER CORPORATION OF INDIA LIMITED | 7.56% | 5.5 | 4.38 |
| 12 | REC LIMITED | 7.68% | 5.5 | 4.56 |
| 13 | FOOD CORPORATION OF INDIA | 7.70% | 5.49 | 4.42 |
Fund Manager
1) 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.
Past Performance of his Schemes
| Fund | Kotak Bond Fund | It’s Benchmark | Kotak Gold Fund | It’s Benchmark |
| 1 Year | 0.54 | 2.24 | 7.55 | 8.85 |
| 3 Year | 5.47 | 4.36 | 8.74 | 9.34 |
| 5 Year | 5.67 | 5.21 | 10.22 | 10.80 |
| 7 Year | 6.24 | 5.88 | 8.59 | 9.43 |
| 10 Year | 6.88 | 6.65 | 3.31 | 4.62 |
AMC:
Kotak Mahindra Asset Management Company Ltd
Address: The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai – 400051
Website: https://www.kotakmf.com/
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Guidance for NFO of Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index Fund
by Paresh Gordhandas, Research Analyst.
Updated Soon
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