Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth

Debt

Direct

Government Bond

NAV as on 02-12-2024

₹ 107.71

0.4%

1D

Inception Returns

8.4%

/yr

About Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth is a debt fund. This fund was started on 23 January, 2013. The fund is managed by Abhishek Bisen. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has ₹4128 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has given a CAGR return of 8.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.78%, 6.96% and 7.79% respectively.

Holdings

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.3% Govt Stock 2053, 7.25% Govt Stock 2063, 7.34% Govt Stock 2064, 7.32% Govt Stock 2030, 7.23% Govt Stock 2039

Taxation

As it is a government bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth

The objective of the Plan is to generate risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as and when permitted by RBI. A portion of the fund may be invested in Reverse repo, CBLO and/or other similar instruments as may be notified to meet the day-to-day liquidity requirements of the Plan. To ensure total safety of Unit holders' funds, the Plan does not invest in any other securities such as shares, debentures or bonds issued by any other entity. The Fund will seek to underwrite issuance of Government Securities if and to the extent permitted by SEBI/ RBI and subject to the prevailing rules and regulations specified in this respect and may also participate in their auction from time to time.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth Overview

Expense ratio0.47%
Benchmark
ICICI Securities Mibex TR INR
AUM₹4128 Cr
Inception Date23 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
230.73%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (02-Dec-24)

Period
Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth
Government Bond Index
1M
0.7%
0.8%
3M
2.2%
2%
6M
5.3%
4.7%
1Y
10.8%
10%
3Y
7%
5.9%
5Y
7.8%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
91.2%
Cash Equivalent
8.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 4.1K Cr
₹ 4K Cr
₹ 3.6K Cr
  • AUM of the fund stands at 4.1K Cr as of Oct'24
  • AUM increased by 104.9 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 3.3% to 8.8%
Cash allocation has gone up from 3.3% to 8.8%
Debt allocation has gone down from 96.7% to 91.2%
Debt allocation has gone down from 96.7% to 91.2%

Top Sector in October was Government

Oct'24
Government
91%
Sep'24
Government
97%
  • Debt & Cash

Holdings
Weight%
1M Change
7.3% Govt Stock 2053
7.3% Govt Stock 2053
25.92%
8.4%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
19.37%
0%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
9.33%
-51.2%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
7.19%
0%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
6.97%
0%
Loading...
We are taking more time than usual
Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth, since 15 April 2008
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.8L Cr
as on 31-Oct-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com

Mutual Fund Insights

Insights icon
In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.98% return, outperforming this fund by 0.19% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (government bond). Its expense ratio is 0.47% which is lower than the category average expense ratio of 0.8%.
Insights icon
In the last 3 years, SBI Magnum Gilt Fund Direct Growth has given 7.45% return, outperforming this fund by 0.49% per annum.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 11.9% moving from 0.42 to 0.47.
Insights icon
Over the last 3 months, this fund has experienced a 21.9% growth in AUM moving from 3.38K Cr to 4.12K Cr.
Insights icon
In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 13.03% return, outperforming this fund by 2.24%.

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.42% since inception which is more than its category average return of 6.97%
AUM size ₹4128 Cr

AUM size ₹4128 Cr

This fund has AUM of ₹4128 Cr which is more than its category average of ₹ 1859 Cr
Expense Ratio 0.47%

Expense Ratio 0.47%

This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 0.88%

Frequently Asked Questions for Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth

The current NAV of Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth is ₹107.71 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
5.31%
5.31%
1 Year Returns
10.78%
10.78%
3 Years Returns
22.36%
6.96%
5 Years Returns
45.51%
7.79%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.47% as on November 2024
₹4128 Cr as on November 2024
7.3% Govt Stock 2053(25.92%), 7.25% Govt Stock 2063(19.37%), 7.34% Govt Stock 2064(9.33%), 7.32% Govt Stock 2030(7.19%), 7.23% Govt Stock 2039(6.97%) as on November 2024
Yield to Maturity is 7.02 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 10.6 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Abhishek Bisen is the fund manager of Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth
The Exit load of Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth is 0%