Debt
Direct
Government Bond
NAV as on 06-09-2024
₹ 103.21
Inception Returns
8.5%
/yr
Kotak Gilt Investment Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Abhishek Bisen. This fund is suitable to keep your money safe.
Kotak Gilt Investment Fund Direct Growth has given a CAGR return of 8.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.03%, 6.62% and 7.50% respectively.
Kotak Gilt Investment Fund 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, 7.46% Govt Stock 2073, 7.34% Govt Stock 2064, 6.8% Govt Stock 2060
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.
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 for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Gilt Investment Fund Direct Growth has no lock in period.
Expense ratio | 0.47% |
Benchmark | ICICI Securities Mibex TR INR |
AUM | ₹3386 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 230.73% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top Sector in July was Government
Kotak Gilt Investment Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.06% | 1.06% |
6 Month Returns | 5.05% | 5.05% |
1 Year Returns | 10.03% | 10.03% |
3 Years Returns | 21.21% | 6.62% |
5 Years Returns | 43.58% | 7.5% |
AAA | 100 |