Kotak CRISIL-IBX AAA Financial Services Index - Sep 2027 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 18 (Category Avg - 3.75) | Modified Duration 1.54 Years (Category Avg - 2.20)| Yield to Maturity 6.94% (Category Avg - 6.28%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	14.22%
CD	0.00%	0.30%
T-Bills	0.00%	0.03%
NCD & Bonds	96.95%	4.33%
CP	0.00%	0.33%

Category - Index Funds/ETFs

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	96.95%	4.96%
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 - Index Funds/ETFs

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Axis Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AAA	CARE	469.38	10.66%	4.62 k
Bond - Aditya Birla Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	457.80	10.40%	4.50 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	453.39	10.30%	450.00
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	407.43	9.25%	4.00 k
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	405.95	9.22%	400.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	400.69	9.10%	4.00 k
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	355.80	8.08%	350.00
Bond - Mahindra & Mahindra Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	283.92	6.45%	280.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	INDAAA	FITCH	203.65	4.62%	2.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	152.47	3.46%	150.00
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	152.31	3.46%	1.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	152.12	3.45%	1.50 k
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	101.37	2.30%	100.00
Bond - Tata Capital Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	100.93	2.29%	100.00
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	50.85	1.15%	500.00
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	50.84	1.15%	500.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	50.81	1.15%	500.00
Bond - L&T Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	20.30	0.46%	200.00