Kotak Credit Risk Fund - 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 36 (Category Avg - 35.50) | Modified Duration 2.20 Years (Category Avg - 2.14)| Yield to Maturity 7.70% (Category Avg - 7.58%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	11.33%	14.87%
CD	0.00%	1.35%
CP	0.00%	0.06%
NCD & Bonds	69.33%	70.97%
PTC	3.68%	1.43%

Category - Credit Risk Fund

Security Type	% Weight	Category Average
Government Backed	11.33%	14.87%
Low Risk	63.02%	65.80%
Moderate Risk	9.99%	7.57%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Credit Risk Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			618.49	8.53%	59.65 L
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	530.93	7.32%	500.00
Bond - Bamboo Hotel And Global Centre (Delhi) Private Ltd.	NCD & Bonds	Hotels & resorts	LA+	ICRA	508.00	7.01%	5.00 k
Bond - Tata Projects Ltd.	NCD & Bonds	Civil construction	AA	CRISIL	505.97	6.98%	5.00 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	504.51	6.96%	5.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	498.54	6.88%	5.00 k
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	CARE AA	CARE	459.73	6.34%	4.50 k
Bond - Aditya Birla Renewables Ltd.	NCD & Bonds	Power generation	AA	CRISIL	406.22	5.60%	4.00 k
Bond - Au Small Finance Bank Ltd.	NCD & Bonds	Other bank	AA	CRISIL	303.94	4.19%	30.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	254.04	3.50%	2.50 k
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	203.34	2.80%	2.00 k
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	203.18	2.80%	2.00 k
Bond - Govt of India	GOI	Other			202.72	2.80%	20.00 L
Bond - Vajra Trust	PTC	Ptc	LAAA	ICRA	160.62	2.22%	50.00
Bond - THDC India Ltd.	NCD & Bonds	Power generation	CARE AA	CARE	100.55	1.39%	100.00
Bond - Sansar Trust	PTC	Ptc	AAA	CRISIL	69.90	0.96%	15.00 Cr
Bond - Godrej Seeds and Genetics Ltd.	NCD & Bonds	Other agricultural products	AA	CRISIL	62.55	0.86%	625.00
Bond - Godrej Seeds and Genetics Ltd.	NCD & Bonds	Other agricultural products	AA	CRISIL	62.52	0.86%	625.00
Bond - Godrej Seeds and Genetics Ltd.	NCD & Bonds	Other agricultural products	AA	CRISIL	62.49	0.86%	625.00
Bond - Godrej Seeds and Genetics Ltd.	NCD & Bonds	Other agricultural products	AA	CRISIL	62.47	0.86%	625.00
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	FITCH	50.59	0.70%	500.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	35.89	0.50%	35.00
Bond - Dhruva Trust	PTC	Ptc	LAAA	ICRA	36.39	0.50%	250.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	35.64	0.49%	35.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	35.44	0.49%	35.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	20.60	0.28%	20.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	20.58	0.28%	20.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	20.50	0.28%	20.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	20.30	0.28%	20.00
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	20.05	0.28%	200.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	17.59	0.24%	35.00
Bond - U P Power Corporation Ltd.	NCD & Bonds	Power - transmission	A+	CRISIL	10.06	0.14%	20.00
Bond - Surat Municipal Corporation	NCD & Bonds	Urban local bodies	AA+	CRISIL	5.62	0.08%	11.24 k
Bond - Surat Municipal Corporation	NCD & Bonds	Urban local bodies	AA+	CRISIL	5.62	0.08%	11.24 k
Bond - Yes Bank	NCD & Bonds	Private sector bank	LD	ICRA	0.00	0.00%	874.00
Bond - Future Lifestyle Fashions Ltd.	NCD & Bonds	Diversified retail	D	CRISIL	0.00	0.00%	0.00

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.78%
Embassy Office Parks Reit	InvITs	3.77%
Indus Infra Trust	InvITs	3.53%
Net Receivables	Net Receivables	2.42%
Brookfield India Real Estate Trust	InvITs	2.16%

Kotak Credit Risk Fund - Growth

Portfolio Summary (as on 31st Oct,2025)

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

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