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Kotak Floater Short Term
(Open Ended Debt Scheme)
 
Kotak Floater Short Term invests predominantly in floating rate securities and money market instruments in order to contain interest rate risk. The scheme has greater exposure to money market instruments of high credit quality thereby ensuring reasonable returns and lower mark to market component. The scheme is ideal for an investment horizon of 1 to 3 months.
     July 14, 2003
     Rs. 105.27 Crores
  Deepak Agrawal,Abhishek Bisen
   Performance as on 30/11/2008
   Portfolio as on 30/11/2008
   Allocation Pattern
   Dividends in the scheme
   Latest NAV
   Latest AUM
   Presentation
   One Pager
   Offer Document
   Application Form
   Notices & Addendum
The Indian Fixed Income market is passing through a very tough time with the YoY WPI at stubbornly sticking at around 12% mark and is expected to remain in double digits for some more time to come. The central bank in order to keep inflation under control ensured tight liquidity in the banking system, which lead banks to borrow as high as Rs. 90000 crores under RBI LAF. The liquidity situation has become very uncertain therefore we have been maintaining very low average maturity in the liquid plans and trying to generate returns by investing in very short term floating rate instruments therefore this plan is recommended to those investors who have investment horizon of 7 days to 15 day.
  • Click here for Scheme Features

        •   Investment Objective
      To reduce the interest rate risk assosciated with investments in fixed rate instruments by investing predominantly in floating rate securities , money market instruments and using appropriate derivatives.
        •   Investment Pattern   •   Benchmark Index
      A portfolio of floating rate securities and money market securities.Generally in 65 to 100% in floating rate debt securities &/or money market instruments,other debt securities with outstanding maturity of upto 182 days and 0 to 35 % in Fixed Rate Debt Securities.
      CRISIL Liquid Fund Index.
        •  Investment Horizon •   Estimated Recurring Expenses
      1 - 3 months. 2.25%
        •   Investment Options   •   Dividend Frenquency
      Growth & Dividend Re-investment.. Daily, Weekly - Monday & Monthly - 12th of month.
        •   Minimum Investment   •   Cheques / DD to be drawn in favour of
      Rs. 5000/- & Rs. 1,00,000/- under Daily Dividend Reinvestment option  Kotak Floater Short Term
        •   Minimum Redemption Size   •   Payout Schedule
      Rs. 1000/-t
      Transaction day + 1 working day.
        •   Cut off for Transactions
      a) where the application is received upto 12.00 noon on a day and funds are available for utilization on the same day - the closing NAV of the day immediately preceding the day of receipt of application.
      b) where the application is received after 12.00 noon on a day and funds are available for utilization on the same day - the closing NAV of the day immediately preceding the next business day.
      c) irrespective of the time of receipt of application, where the funds are not available for utilization on the day of the application - the closing NAV of the day immediately preceding the day on which the funds are available for utilization.
        •   Entry Load   •   Exit Load
      Nil
      Nil
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