Asset Sadhu
Funds/Conservative Hybrid Fund/Kotak Debt Hybrid Fund

Kotak Debt Hybrid Fund

Kotak Mutual Fund·Conservative Hybrid Fund·vs Peer Median

Kotak Debt Hybrid is positioned for steady returns through a fortress-like debt allocation bolstered by heavy liquidity, reflecting defensive positioning in an uncertain rate environment. The manager's conviction shifted notably toward repo instruments and shorter-duration government securities while trimming longer-dated bonds, signaling expectations of near-term volatility before potential rate cuts. Modest equity pruning of high-beta names paired with infrastructure stock additions suggests a recalibration toward quality and dividend stability over growth.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M3M6M1Y3Y CAGR5Y CAGR
Regular Growth₹58.2480-0.37%-1.79%-1.54%-0.11%+8.22%+8.20%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
120
Top 5 Weight
19.32%
Top 10 Weight
30.06%
Active Share
—
Large Cap
16.50%
Gini
0.580

What Changed2026-03-31 → 2026-04-30

Holdings: 122 → 122+4 added−4 removed5 weight shifts ≥ 0.1%
StockWeight
Indus Towers Ltd.0.30%
REC LTD0.86%
Andhra Pradesh State Govt - 2033 - Andhra Pradesh1.65%
Tamil Nadu State Govt - 2028 - Tamil Nadu0.18%

Full Holdings

#Holding% to NAV
1
Triparty Repo
19.38%
2
Central Government - 2065(^)
IN0020250018
6.48%
3
ZCB JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^)**
INE02PE08036
3.60%
4
CD UNION BANK OF INDIA**
INE692A16KF2
3.43%
5
CD PUNJAB NATIONAL BANK
INE160A16UE2
3.27%
6
SO PTC SIDDHIVINAYAK SECURITISATION TRUST 28/09/2030(SIDDHIVINAYAK TRUST)**
INE2I7F15012
2.54%
7
SO PTC SHIVSHAKTI SECURITISATION TRUST 28/09/2029(SHIVSHAKTI TRUST)**
INE2I7G15010
2.54%
8
Central Government - 2055
IN0020250075
2.48%
9
Karnataka State Govt - 2040 - Karnataka
IN1920250314
2.03%
10
National Housing Bank**
INE557F08GE4
1.99%
11
Net Current Assets/(Liabilities)
1.74%
12
Karnataka State Govt - 2036 - Karnataka
IN1920250199
1.70%
13
Karnataka State Govt - 2032 - Karnataka
IN1920250173
1.70%
14
Andhra Pradesh State Govt - 2033 - Andhra Pradesh
IN1020250230
1.65%
15
ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITED**
INE0M2307321
1.64%
16
BHARTI AIRTEL LTD.
INE397D01024
1.54%
17
STATE BANK OF INDIA.
INE062A01020
1.30%
18
NTPC LTD
INE733E01010
1.27%
19
HDFC BANK LTD.
INE040A01034
1.24%
20
ADANI POWER LTD**
INE814H07208
1.20%

Sector Allocation

SOV25.6%
Banks5.8%
FITCH AA(CE)5.3%
CRISIL AAA(SO)5.1%
CRISIL AA4.8%
CRISIL AAA4.0%
ICRA A1+3.4%
CRISIL A1+3.3%
ICRA AAA2.2%
Automobiles2.1%

Top 10 sectors by % to NAV. Excludes derivatives.