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Factsheet as on August 31, 2024 |
Factsheet as on August 31, 2024
Glossaries
Benchmark:
The benchmark indices considered for different categories are as follows:| Category | Index |
| Dynamic Debt (Medium to Long Duration/ Dynamic Bond/Gilt) | Nifty Short Duration Debt Index |
| Medium & Credit Risk Funds (Medium Duration/Credit Risk) | Nifty Short Duration Debt Index |
| Conservative Hybrid Funds | NIFTY 50 Hybrid Composite Debt 15:85 Index |
| Short Term 1-3 yrs (Corporate Bond/ Banking & PSU/Short Duration) | Nifty Short Duration Debt Index |
Year on Year Performance:
CYTD Performance is from 1st Jan to 31st August 2024
CYTD24
Performance is from 01/01/2024 to 31/08/2024
Credit Quality:
| Sovereign | Papers issued by the Government of India or State Government. |
| AAA/P1+ & Equi | A1+, AAA, AAA(SO), AAA+ & Equivalent |
| AA+, AA, AA- | AA+, AA, AA- |
| A+ & Below | A+ and all papers rated below A+ i.e. A, A-, A1 etc. |
| Unrated & Not Disclosed | Unrated & Not Disclosed |
| Cash & Equi | Cash and Equivalent |
Instrument Allocation:
| GOI/SDL | Govt of India Securities or State Govt. Securities |
| SO | Structured obligations like ABS/MBS/PTC. |
| Bonds/Debentures | Bonds, Debentures, FRB, PPD and zero coupon bonds |
| Money Market | Commercial Deposits, Commercial Papers, T-Bills, Bills rediscounted etc. |
| Cash | Cash, Current Assets, Fixed Deposits, Mutual Fund Debt, Money Market, Net receivable/payable, Repo/Reverse Repo etc. |
Allocation (Maturity wisw):
Allocation of the fund in different maturity buckets i.e. < 1 Year, 1-3 years, 3-5 years, 5-10 years and >10 years
Source: MFI Explorer
Equity MF SEBI Categories:
| SEBI Equity MF Categories | Definition | Consolidated Equity MF Categorization |
| Large Cap | min 80% in large caps | Large Cap |
| Index Funds | Min 95% in securities of a particular index (which is being replicated/ tracked) | |
| ETFs (other than gold) | Min 95% in securities of a particular index (which is being replicated/ tracked) | |
| Large & Mid Cap | min 35% in large caps, min 35% in mid caps | Large & Mid Cap |
| Mid Cap | min 65% in mid caps | Mid & Small Cap (Mid Cap/Small Cap) |
| Small Cap | min 65% in small caps | |
| Multi Cap | min 65% in equity | Multi Cap (Multi Cap/ Value/ Focused/ Dividend Yield/ Contra) |
| Dividend Yield | min 65% in Div Yield cos | |
| Value | min 65% in Value strategy cos | |
| Contra | min 65% in Contra strategy cos | |
| Focused Fund | max 30 stocks, min 65% equity | |
| Sectoral / Thematic | min 80% in that sector / theme | Sectoral / Thematic |
| ELSS | min 80% in equity | ELSS |
Hybrid MF SEBI Categories:
| Equity Savings | Minimum 65% in equity and minimum 10% in debt. | Equity Savings |
| Minimum hedged & unhedged to be stated in the SID | ||
| Dynamic Asset Allocation or Balanced Advantage | Investment in equity/ debt that is managed dynamically | Balanced Advantage (Balanced Advantage OR Dynamic Asset Allocation) |
| Aggressive Hybrid Fund | 65-80% in equity: 20-35% in debt | Aggressive Hybrid |
Debt MF SEBI Categories:
| SEBI Debt MF Categories | Definition | Consolidated Debt MF Categorization |
| Overnight Fund | Securities having maturity of 1 day | Liquid (Overnight, Liquid) |
| Liquid Fund | Securities with maturity of upto 91 days only | |
| Money Market Fund | Money Market instruments having maturity upto 1 year | Money, Ultra & Low Duration (3 -12M) (Ultra Short Duration/Low Duration/ Money Market/Floater) |
| Floater Fund | Minimum 65% in floating rate instruments | |
| Ultra Short Duration Fund | Macaulay duration of the portfolio is between 3 months-6 months | |
| Low Duration Fund | Macaulay duration of the portfolio is between 6 months-12 months | |
| Short Duration Fund | Macaulay duration of the portfolio is between 1 year-3 years | Short Term (1-3 Yrs) (Corporate Bond/ Banking & PSU/Short Duration) |
| Corporate Bond Fund | Minimum 80% in AA+ or above rated bonds | |
| Banking and PSU Fund | Minimum 80% in PSU, PFI bonds | |
| Medium Duration Fund | Macaulay duration of the portfolio is between 3 year - 4 years (1-4 years*) | Medium & Credit Risk (Medium Duration/Credit Risk) |
| Credit Risk Fund | Minimum 65% in AA or lower rated bonds | |
| Dynamic Bond | Investment across duration | Dynamic Debt (Medium to Long Duration/ Dynamic Bond/Gilt) |
| Gilt Fund | Minimum 80% in G-Secs | |
| Medium to Long Duration Fund | Macaulay duration of the portfolio is between 4 years - 7 years (1-7 years*) | |
| Long Duration Fund | Macaulay duration of the portfolio is greater than 7 years | Long Duration (7 Yrs+) |
| Gilt Fund with 10 year constant duration | G-Secs having a constant maturity of 10 years |
*in case of adverse market conditions
Source: Investopedia, Wikipedia and MFI Explorer
Kotak Mahindra Bank Limited, AMFI Registered Mutual Fund Distributor, ARN 1390
Kotak Mahindra Bank Limited, AMFI Registered Mutual Fund Distributor, ARN 1390