Kotak Dynamic Bond Fund - Regular Plan - IDCW Quarterly

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 21 (Category Avg - 29.50) | Modified Duration 8.50 Years (Category Avg - 5.99)| Yield to Maturity 7.32% (Category Avg - 6.76%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	70.01%	61.17%
CD	0.00%	1.47%
T-Bills	0.00%	0.00%
CP	0.00%	0.06%
NCD & Bonds	20.43%	30.98%
PTC	0.00%	0.44%

Category - Dynamic Bond Fund

Security Type	% Weight	Category Average
Government Backed	70.01%	61.17%
Low Risk	20.43%	32.66%
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 - Dynamic Bond Fund

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			11727.54	41.45%	11.60 Cr
Bond - Govt of India	GOI	Other			3498.68	12.37%	3.55 Cr
Bond - Govt of India	GOI	Other			2750.55	9.72%	2.80 Cr
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	1547.81	5.47%	15.00 k
Bond - Govt of India	GOI	Other			1243.75	4.40%	1.25 Cr
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1012.33	3.58%	1.00 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	874.41	3.09%	850.00
Bond - Tata Steel Ltd.	NCD & Bonds	Iron & steel products	CARE AA+	CARE	760.27	2.69%	750.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	514.35	1.82%	500.00
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	499.29	1.76%	5.00 k
Bond - Govt of India	GOI	Other			394.13	1.39%	38.50 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	253.99	0.90%	2.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	253.06	0.89%	2.50 k
Bond - Govt of India	GOI	Other			115.52	0.41%	11.57 L
Bond - Govt of India	GOI	Other			58.53	0.21%	5.79 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	52.68	0.19%	50.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	10.47	0.04%	10.00
Bond - Govt of India	GOI	Other			7.91	0.03%	80.68 k
Bond - Govt of India	GOI	Other			5.48	0.02%	55.50 k
Bond - Govt of India	GOI	Other			3.12	0.01%	31.50 k
Bond - Govt of India	GOI	Other			0.01	0.00%	150.00

Name	Type of Instrument	Weight (%)
Embassy Office Parks Reit	InvITs	4.03%
Net Receivables	Net Receivables	1.94%
Brookfield India Real Estate Trust	InvITs	1.49%
Indus Infra Trust	InvITs	1.31%
Nexus Select Trust	InvITs	0.62%
TREPS	TREPS	0.17%