Kotak Income Opportunities
31st May, 2015
Scheme Facts
About Kotak Income Opportunities
Structure

An Open- Ended Debt Scheme
The investment objective of Kotak Income Opportunities is to generate income by investing in debt and money
market securities across the yield curve and credit spectrum.
Quarterly AAUM*
Regular. - `989.47crs

The scheme would also seek to maintain reasonable liquidity within the fund.

The scheme invests in securities offering high accrual by taking on a marginally higher credit risk.

The fund manager may also seek to capitalize on opportunity of potential credit rating upgrades from time to
st
NAV (as on 31 May, 2015)
Weekly Dividend
Weekly Dividend Direct
Monthly Dividend
Monthly Dividend Direct
Quarterly Dividend
Annual Dividend
Annual Dividend Direct
Growth
Growth Direct
`10.0229
`10.1801
`10.2336
`10.3724
`10.4873
`10.3264
`11.5297
`15.1319
`15.3507
Launch Date
time.

The scheme is suitable for investors with a time horizon of 15 months plus.
Portfolio Action
•
We have positioned this fund with asset allocation of 100% bonds, out of which around 25% is AAA while
75% is sub-AAA. We are trying to take the best advantage of the high credit spreads particularly in the 1-3 year
th
11 May 2010
Benchmark
segment.
•
Min. Initial Inv.
The month of May too witnessed a rise in yields. The 3 years bond yield steepened, while the yields of 5 years
and above maturities went up. Therefore YTM came down marginally during the month.
Crisil Short Term Bond Fund Index
•
We had some pending deployment in the fund therefore which was the drag on the fund YTM, we are
working on some deals to take the YTM higher to 10.25 and above.
`5000/Additional Inv.
`1000 & in multiples of `1
Standard Deviation^
•
The month end YTM was 9.87% and average maturity was 2.6 yrs. This strategy gives low volatility, moderate
credit safety and optimal return given the risk it takes. The net return is expected to be higher than BST as the
element of credit risk is relatively higher. The scheme is suitable for investors with a time horizon of 12 months
plus.
0.76%
YTM
9.87%
Portfolio Modified Duration
1.95 years
Average Maturity
2.62 years
*for the quarter of Jan - Mar 2015 and Source:
MFI Explorer.
^ as on 31st May, 2015. Source: Value
Research.
Sector Allocation as on 31st May, 2015*
Debentures and Bonds
77.59
Commercial Paper (CP)/Certificate of Deposits (CD)
14.92
CBLO & Term Deposits & Rev.Repo
5.88
Net Current Assets
1.61
Load Structure
Entry Load: Nil
Exit Load: i)For redemptions / switch outs
(including SIP/STP) within 1 year
from the date of allotment of units,
irrespective of the amount of
investment: 2%.
ii)For redemptions/ switch outs
(including SIP/STP) after 1 year from
the date of allotment of units,
irrespective of the amount of
investment: Nil
Top 10 Companies as on 31st May, 2015
DLF Emporio Ltd
CRISIL AA
9.10%
Adani Power Ltd
BRICKWORK BWR AA-
9.01%
Vijaya Bank
CRISIL A1+
8.99%
North Easetern Electric Power Corpn Ltd.
ICRA AA-
7.74%
Dalmia Bharat Ltd
ICRA AA-
7.70%
Janalakshami Financial Services Pvt Ltd.
ICRA A-
5.41%
Rural Electrification Corporation Ltd.
CRISIL AAA
4.58%
Punjab & Sind Bank
CRISIL A1+
3.81%
Haldhar Developers Private Limited
ICRA LAA-(SO)
3.79%
Dewan Housing Finance Corporation Ltd.
CARE AAA
3.61%
1
Kotak Income Opportunities
31st May, 2015
About Kotak Mutual Fund
Kotak Mahindra Asset Management
Company Limited (KMAMC) is a wholly
owned subsidiary of Kotak Mahindra Bank
Limited (KMBL). KMBL has over two decades
of experience in financial services. KMBL has a
market capitalization of `1275.52 bn (as on
31st May, 2015). KMAMC is the Asset
Manager for Kotak Mahindra Mutual Fund
(KMMF). It started operations in December
1998. KMMF offers schemes catering to
investors with varying risk - return profiles and
was the first fund house in the country to
launch a dedicated gilt scheme. KMAMC
manages assets worth `49253.55 crores as on
31st May, 2015.
Rating Profile as on 31st May, 2015
Net Current Assets
1.61
CBLO & Term Deposits & Rev.Repo
5.88
A+, A, A-, A-(SO)
16.54
AAA, A1+, AAA, A1+, AAA
26.30
AA+(SO), AA, BWR AA-, AA-, LAA-(SO)
49.67
* The numbers are converted using the RupeeUSD reference rate published by the Reserve
Bank of India as on the respective dates.
Kotak Income Opportunities Fund - Growth Debt*Performance (%) as on 31st March, 2015
To know more
Call : 1800-222-626 ( Toll Free), Mumbai
6638-4400, Delhi 66306900 / 02, Chennai
28221333 / 45038171, Kolkatta 64509802 /
03, Pune 64013395 / 96, Ahmedabad
26779888, Banglore 66128050 / 51,
Hyderabad 66178140 / 41, Visit
assetmanagement.kotak.com
Disclaimer
Date
Scheme
Returns
(%) ^
Crisil Short
Term
Bond Fund
Index # (%)
CRISIL 1
Year T-Bill
Index
##(%)
Current Value of Standard Investment
of ` 10000 in the
Scheme Benchmark
Additional
#(`)
#(`)
Benchmark ## (`)
Kotak Income Opportunities Fund - Growth
Since inception till March 31, 2015
8.57
8.30
6.64
March 31, 2014 to March 31, 2015
10.75
10.13
8.55
March 31, 2013 to March 31, 2014
7.79
8.79
5.77
March 31, 2012 to March 31, 2013
9.90
9.10
8.37
14949
14770
13692
NA
Scheme Inception date is 11/05/2010. Fund Managed by Mr Deepak Agrawal & Mr Abhishek Bisen.
Kotak Income Opportunities is an open-ended
debt scheme. Investment Objective: The
investment objective of the scheme is to generate
income by investing in debt /and money market
securities across the yield curve and credit spectrum.
The scheme would also seek to maintain reasonable
liquidity within the fund. There is no assurance that
or guarantee that the investment objective of the
scheme will be achieved.
^Past performance may or may not be sustained in future. *All payouts during the period have been reinvested in the units of the
scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).
N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of `10,000/- investment made at
inception. Source: ICRA MFI Explorer. Classification of schemes in short term & long term is based on the average maturity of the
scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. Please refer page no. 15-18 for top 3 and bottom 3
schemes managed by Mr. Abhishek Bisen & Mr. Deepak Agrawal.
Mutual Fund investments are subject to market
risks, read all scheme related documents
carefully. Scheme Information Document (SID)
and Statement of Additional Information (SAI)
available on mutualfund.kotak.com
This product is suitable for investors who are seeking*:
•
Income over a long investment horizon
•
investment in debt & money market securities
•
Low risk
(Blue)
* Investors should consult their financial advisors if in doubt about whether the product is suitable for
them.
Note: Risk may be represented as:
(BLUE) investors understand that their principal will be at low risk
(YELLOW) investors understand that their principal will be at medium risk
(BROWN) investors understand that their principal will be at high risk
2
Kotak Income Opportunities
31st May, 2015
Top 3 Funds Managed by Mr. Abhishek Bisen
Date
Scheme
Returns
(%) ^
Crisil
Balanced Index
#(%)
CNX Nifty
##(%)
Current Value of Standard Investment
of ` 10000 in the
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
96826
NA
60278
Kotak Balance
Since inception till March 31, 2015
15.93
NA
12.41
March 31, 2014 to March 31, 2015
26.69
22.45
26.65
March 31, 2013 to March 31, 2014
13.14
13.38
17.98
March 31, 2012 to March 31, 2013
9.92
8.19
7.31
NA
Scheme Inception date is 25/11/1999. Fund Managed by Mr. Emmanuel Elango & Mr. Abhishek Bisen.
Date
Scheme
Returns
(%) ^
Crisil MIP
Blended
Index # (%)
CRISIL 10
Year Gilt Index
Current Value of Standard Investment
of ` 10000 in the
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
23326
24012
17530
Kotak Monthly Income Plan - Growth
Since inception till March 31, 2015
7.76
8.04
5.08
March 31, 2014 to March 31, 2015
18.93
16.25
14.45
March 31, 2013 to March 31, 2014
7.76
6.47
-1.00
March 31, 2012 to March 31, 2013
9.61
9.09
11.30
NA
Scheme Inception date is 02/12/2003. Fund Managed by Mr. Pankaj Tibrewal & Mr. Abhishek Bisen.
Kotak Monthly Income Plan is an open ended income scheme. monthly income is not assured & is subject to availability of distributable surplus. Investment Objective:
to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments.
Date
Current Value of Standard Investment
of ` 10000 in the
Scheme
Returns
(%) ^
ISEC
Composite
Index #(%)
CRISIL 10 Year
Gilt Index
##(%)
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
Since inception till March 31, 2015
10.10
N.A
N.A
47823
N.A
N.A
March 31, 2014 to March 31, 2015
18.27
9.80
14.45
March 31, 2013 to March 31, 2014
-0.41
6.58
-1.00
March 31, 2012 to March 31, 2013
13.20
9.67
11.30
Kotak Gilt - Investment Regular Plan - Growth
NA
Scheme Inception date is 29/12/1998. Fund Managed by Mr Abhishek Bisen & Mr Deepak Agrawal.
Bottom 3 Funds Managed by Mr. Abhishek Bisen
Date
Scheme
Returns
(%) ^
MSCI
Emerging
Market Index
#(%)
CNX Nifty
## (%)
4.24
-2.50
7.47
March 31, 2014 to March 31, 2015
3.89
-2.02
26.65
March 31, 2013 to March 31, 2014
12.79
-3.68
17.98
March 31, 2012 to March 31, 2013
17.14
0.85
7.31
Current Value of Standard Investment
of ` 10000 in the
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
13661
8267
17186
Kotak Global Emerging Equity Market Fund
Since inception till March 31, 2015
NA
Scheme Inception date is 26/9/2007. Fund Managed by Mr. Deepak Gupta (Dedicated fund manager for overseas investment) & Mr. Abhishek Bisen
3
Kotak Income Opportunities
31st May, 2015
Date
Scheme
Returns
(%) ^
Physical Gold
Price #(%)
Since inception till March 31, 2015
14.14
March 31, 2014 to March 31, 2015
-6.58
March 31, 2013 to March 31, 2014
-8.02
-6.28
-1.00
March 31, 2012 to March 31, 2013
3.76
4.80
11.30
Current Value of Standard Investment
of ` 10000 in the
CRISIL 10 Year
Gilt Index
##(%)
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
15.35
6.56
27619
29952
16293
-6.17
14.45
Kotak Gold ETF
NA
Scheme Inception date is 27/07/2007. Fund Managed by Mr. Abhishek Bisen.
Kotak Gold ETF is an open ended gold exchange traded fund. Investment Objective: The investment objective of Kotak Gold ETF is to generate returns that are in
line with the returns on investment in physical gold, subject to tracking error.
Date
Scheme
Returns
(%) ^
Physical Gold
Price #(%)
Current Value of Standard Investment
of ` 10000 in the
CRISIL 10 Year
Gilt Index
##(%)
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
11622
13056
12936
Kotak Gold Fund
Since inception till March 31, 2015
3.81
6.86
6.61
March 31, 2014 to March 31, 2015
-10.38
-6.17
14.45
March 31, 2013 to March 31, 2014
-4.45
-6.28
-1.00
March 31, 2012 to March 31, 2013
3.30
4.80
11.30
NA
Scheme Inception date is 25/03/2011. Fund Managed by Mr. Abhishek Bisen.
^Past performance may or may not be sustained in future. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns
<= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the
value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. Classification of schemes in short term & long term is based on the average maturity of the
scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark.
Top 3 Funds Managed by Mr. Deepak Agrawal
Date
Scheme
Returns
(%) ^
ISEC
Composite
Index #(%)
Since inception till March 31, 2015
7.43
March 31, 2014 to March 31, 2015
18.29
March 31, 2013 to March 31, 2014
-0.36
6.58
-1.00
March 31, 2012 to March 31, 2013
13.23
9.67
11.30
Current Value of Standard Investment
of ` 10000 in the
CRISIL 10 Year
Gilt Index
##(%)
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
5.25
4.99
22630
17912
17408
9.80
14.45
Kotak Gilt Investment PF & Trust Plan - Growth
NA
Scheme Inception date is 11/11/2003. Fund Managed by Mr. Deepak Agrawal & Mr. Abhishek Bisen.
Date
Scheme
Returns
(%) ^
Crisil Composite
Bond Fund
Index #(%)
Current Value of Standard Investment
of ` 10000 in the
CRISIL 10 Year
Gilt Index
##(%)
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
40076
N.A
N.A
Kotak Bond - Plan A - Growth
Since inception till March 31, 2015
9.43
N.A
N.A
March 31, 2014 to March 31, 2015
15.87
14.35
14.45
March 31, 2013 to March 31, 2014
1.71
4.34
-1.00
March 31, 2012 to March 31, 2013
11.76
9.27
11.30
NA
Scheme Inception date is 25/11/1999. Fund Managed by Mr Abhishek Bisen & Mr Deepak Agrawal
Date
Scheme
Returns
(%) ^
Crisil Short
Term Bond
Fund
Index # (%)
CRISIL 1
Year T-Bill
Index
##(%)
Current Value of Standard Investment
of ` 10000 in the
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
14949
14770
13692
Kotak Income Opportunities Fund - Growth
Since inception till March 31, 2015
8.57
8.30
6.64
March 31, 2014 to March 31, 2015
10.75
10.13
8.55
March 31, 2013 to March 31, 2014
7.79
8.79
5.77
March 31, 2012 to March 31, 2013
9.90
9.10
8.37
NA
Scheme Inception date is 11/05/2010. Fund Managed by Mr Abhishek Bisen & Mr Deepak Agrawal.
4
Kotak Income Opportunities
31st May, 2015
Bottom 3 Funds Managed by Mr. Deepak Agrawal
Date
Scheme
Returns
(%) ^
Current Value of Standard Investment
of ` 10000 in the
Crisil Liquid
Fund
Index# (%)
CRISIL 1 Year
T-Bill Index
Returns (%) ##
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
31,111
N.A
28,141
Kotak Banking and PSU Debt Fund
Since inception till March 31, 2015
7.23
N.A
6.57
March 31, 2014 to March 31, 2015
9.20
8.85
8.55
March 31, 2013 to March 31, 2014
10.28
9.46
5.77
March 31, 2012 to March 31, 2013
7.69
8.22
8.37
NA
Scheme Inception date is 29/12/1998. Fund Managed by Mr Abhishek Bisen & Mr Deepak Agrawal
Date
Current Value of Standard Investment
of ` 10000 in the
Scheme
Returns
(%) ^
Crisil Liquid
Fund
Index# (%)
CRISIL 1 Year
T-Bill Index
Returns (%) ##
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
Since inception till March 31, 2015
7.34
6.77
5.69
22928
21556
19120
March 31, 2014 to March 31, 2015
9.05
8.85
8.55
March 31, 2013 to March 31, 2014
9.47
9.46
5.77
March 31, 2012 to March 31, 2013
9.37
8.22
8.37
Kotak Floater - ST - Growth
NA
Scheme Inception date is 14/07/2003. Fund Managed by Mr Deepak Agrawal & Mr Abhishek Bisen.
Date
Current Value of Standard Investment
of ` 10000 in the
Scheme
Returns
(%) ^
Crisil Liquid
Fund
Index# (%)
CRISIL 1 Year
T-Bill Index
Returns (%)##
Scheme #(`)
Benchmark
#(`)
Additional
Benchmark ## (`)
Since inception till March 31, 2015
7.46
6.84
5.70
22732
21284
18817
March 31, 2014 to March 31, 2015
8.99
8.85
8.55
March 31, 2013 to March 31, 2014
9.37
9.46
5.77
March 31, 2012 to March 31, 2013
9.35
8.22
8.37
Kotak Liquid – Plan A - Growth
NA
Scheme Inception date is 4/11/2003. Fund Managed by Mr Deepak Agrawal & Mr Abhishek Bisen.
^Past performance may or may not be sustained in future. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns
<= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the
value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. Classification of schemes in short term & long term is based on the average maturity of the
scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark.
Kotak Midcap is an open-ended equity growth scheme. Investment Objective: To generate capital appreciation from a diversified portfolio of
equity & equity related securities.
Kotak Opportunities is an open-ended equity growth scheme. Investment Objective: To generate capital appreciation from a diversified
portfolio of equity & equity related instruments.
Kotak Gilt Investment PF & Trust Plan - Growth is an open - ended dedicated gilt unit scheme Investment Objective: To generate risk-free
returns through investments in sovereign securities and/ or reverse repos in such securities.
Kotak Balance is an open - ended balanced scheme. Investment Objective: To achieve growth by investing in equity & equity related
instruments, balanced with income generation by investing in debt &money market instruments.
Kotak Monthly Income Plan is an open ended income scheme. monthly income is not assured & is subject to availability of distributable
surplus. Investment Objective: to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related
instruments.
Kotak Global Emerging Equity Market Fund is an open - ended equity scheme. Investment Objective: The investment objective of the
scheme is to generate long-term capital appreciation by investing in an overseas mutual fund scheme that invest in a diversified portfolio of
securities as prescribed by SEBI from time to time in global emerging markets.
Kotak Treasury Advantage - Growth is an open – ended debt scheme. Investment Objective: The investment objective of the Scheme is to
generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no
assurance or guarantee that the investment objective of the scheme will be achieved
Kotak Bond - Plan A - Growth is an open - ended debt scheme. Investment Objective: To create a portfolio of debt and money market
instruments of different maturities so as to spread the risk across a wide maturity horizon & different kinds of issuers in the debt market.
Kotak Gilt Investment PF & Trust Plan - Growth is an open - ended dedicated gilt unit scheme Investment Objective: To generate risk-free
returns through investments in sovereign securities and/ or reverse repos in such securities.
5