Kotak Banking and PSU Debt Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 70 (Category Avg - 60.90) | Modified Duration 3.24 Years (Category Avg - 2.97)| Yield to Maturity 6.90% (Category Avg - 6.70%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	15.27%	14.96%
CD	0.82%	5.58%
T-Bills	0.00%	0.04%
CP	0.00%	0.08%
NCD & Bonds	78.64%	72.98%
PTC	0.00%	0.96%

Category - Banking and PSU Fund

Security Type	% Weight	Category Average
Government Backed	15.27%	14.99%
Low Risk	79.46%	79.60%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Banking and PSU Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	3383.01	5.89%	33.00 k
Bond - Govt of India	GOI	Other			2386.16	4.15%	2.43 Cr
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	2230.78	3.88%	22.50 k
Bond - Govt of India	GOI	Other			2005.69	3.49%	1.93 Cr
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	1946.74	3.39%	19.00 k
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	1644.90	2.86%	20.00 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	1571.70	2.73%	1.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	INDAAA	FITCH	1549.59	2.70%	15.00 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	1440.59	2.51%	1.45 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1390.75	2.42%	13.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1330.40	2.31%	13.00 k
Bond - Govt of India	GOI	Other			1321.38	2.30%	1.30 Cr
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1276.26	2.22%	1.25 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1273.00	2.22%	12.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1269.80	2.21%	12.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	1120.38	1.95%	11.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1037.02	1.80%	1.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1024.84	1.78%	10.00 k
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1022.15	1.78%	1.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1019.17	1.77%	1.00 k
Bond - National Bank for Financing Infrastructure and Development	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	989.55	1.72%	10.00 k
Bond - Union Bank Of India	NCD & Bonds	Public sector bank	CARE AA+	CARE	978.15	1.70%	964.00
Bond - Govt of India	GOI	Other			914.34	1.59%	90.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	825.54	1.44%	8.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	803.04	1.40%	8.00 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	775.76	1.35%	7.50 k
Bond - Food Corporation of India Ltd.	NCD & Bonds	Other agricultural products	AAA	CRISIL	771.79	1.34%	739.00
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	LAAA	ICRA	769.20	1.34%	7.50 k
Bond - Govt of India	GOI	Other			769.55	1.34%	74.32 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	766.27	1.33%	7.50 k
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	765.29	1.33%	10.53 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	764.42	1.33%	7.50 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	722.79	1.26%	700.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	624.31	1.09%	605.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	591.39	1.03%	600.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	528.13	0.92%	500.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	513.35	0.89%	5.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	511.73	0.89%	5.00 k
Bond - Food Corporation of India Ltd.	NCD & Bonds	Other agricultural products	AAA	CRISIL	511.19	0.89%	500.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	510.07	0.89%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	508.83	0.89%	5.00 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AAA	CRISIL	499.73	0.87%	5.00 k
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	BWR AA+	BRICKWORK	490.07	0.85%	500.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	469.40	0.82%	4.50 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	469.84	0.82%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	458.88	0.80%	4.50 k
Bond - Govt of India	GOI	Other			401.54	0.70%	40.00 L
Bond - Govt of India	GOI	Other			396.94	0.69%	38.50 L
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	322.02	0.56%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	318.01	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	317.32	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	317.24	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	317.06	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	317.03	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	316.26	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	313.93	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	313.75	0.55%	300.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	313.19	0.54%	300.00
Bond - Govt of India	GOI	Other			306.51	0.53%	30.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	255.43	0.44%	250.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	254.69	0.44%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	INDAAA	FITCH	254.57	0.44%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	254.54	0.44%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	249.27	0.43%	2.50 k
Bond - Govt of India	GOI	Other			167.30	0.29%	16.67 L
Bond - Govt of India	GOI	Other			101.00	0.18%	10.00 L
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	CARE AAA	CARE	50.31	0.09%	500.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	26.57	0.05%	25.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	10.30	0.02%	10.00
Bond - Govt of India	GOI	Other			4.34	0.01%	43.90 k