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.

1. Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has ₹3902 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.
   

Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has given a CAGR return of 8.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.65%, 8.08% and 7.42% respectively.

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, 7.34% Govt Stock 2064, 7.09% Govt Stock 2054, 6.8% Govt Stock 2060, 6.79% Government Of India (07/10/2034)

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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 5000.00 and for SIP is INR 100.00. Kotak Gilt Investment Fund Provident Fund and Trust Direct Growth has no lock in period.