Kotak Gilt Investment Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
102.88-0.01%
- Growth - Direct
(Earn upto 1.01% Extra Returns with Direct Plan)
Fund Category:
Debt: Gilt
Expense Ratio:
0.47%(0.53% Category
average)Fund Size:
Rs. 3,311.38 Cr(9.04% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Kotak Gilt Investment Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
102.88-0.01%
Expense Ratio:
0.47%
Fund Size:
Rs. 3,311.38 Cr
Fund Category:
Debt: Gilt
1. Current NAV: The Current Net Asset Value of the Kotak Gilt Investment - Direct Plan as of Aug 29, 2024 is Rs 102.88 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 9.64% (1yr), 6.69% (3yr), 7.43% (5yr) and 8.46% (since launch). Whereas, Category returns for the same time duration are: 8.78% (1yr), 5.6% (3yr) and 6.02% (5yr).
3. Fund Size: The Kotak Gilt Investment - Direct Plan currently holds Assets under Management worth of Rs 3311.38 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.47% for Direct plan as on Aug 14, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Kotak Gilt Investment Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.01 3.12 5.02 9.61 6.68 7.41 Category Avg 0.91 2.72 4.48 8.74 5.59 6.01 Rank within Category 3 4 5 12 7 7 No. of funds within Category 33 32 32 31 26 24 - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkSBI Magnum Gilt Direct-G
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Kotak Gilt Investment Direct-Growth Fund Details
Investment Objective - The scheme seeks to generate risk-free returns through investments in sovereign securities. The savings plan (D) will provide regular dividend payouts. A portion of the fund will be invested in inter bank money market in order to meet the liquidity requirement.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY All Duration G-Sec Index |
Return Since Launch | 8.45% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Above Average |
Kotak Gilt Investment Direct-Growth Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 11.63 | 12.14 | 0.9561 | 8.128 |
Average Maturity(Yrs) | 32.34 | 34.42 | 1.61 | 17.2023 |
Yield to Maturity(%) | 7.18 | 7.8073 | 6.95 | 7.0989 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 98.11 | 95.64 |
Low Risk | - | - |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 1.89 | 4.36 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 95.14 | 83.43 |
CD | - | 0.01 |
T-Bills | - | 1.83 |
CP | - | - |
NCD & Bonds | - | - |
PTC | - | - |
Cash & Others | 4.86 | 14.73 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 9,535.57 | 28.80 | - |
GOI | Long-term Debt | Sovereign | SOV | 7,931.43 | 23.95 | - |
GOI | Long-term Debt | Sovereign | SOV | 4,094.20 | 12.36 | - |
GOI | Long-term Debt | Sovereign | SOV | 3,943.87 | 11.91 | - |
GOI | Long-term Debt | Sovereign | SOV | 2,191.54 | 6.62 | - |
GOI | Long-term Debt | Sovereign | SOV | 2,019.42 | 6.10 | - |
GOI | Long-term Debt | Sovereign | SOV | 1,333.94 | 4.03 | - |
GOI | Long-term Debt | Sovereign | SOV | 265.68 | 0.80 | - |
Tamilnadu State | Long-term Debt | Others | SOV | 233.97 | 0.71 | - |
7.95% GOI 18/02/2026 | Long-term Debt | Sovereign | SOV | 118.98 | 0.36 | 11,75,000 |
![Discover Mutual Funds](/https/economictimes.indiatimes.com/photo/msid-100097201,quality-100/discover-mf.jpg)
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Gilt Investment Direct-Growth 102.88 3,311.38 1.26 9.55 6.62 7.43 ICICI Prudential Gilt Fund Direct Plan-Growth 102.80 6,361.60 0.86 8.49 6.89 7.76 Quant Gilt Fund Direct - Growth 11.36 96.04 0.78 7.96 - - SBI Magnum Gilt Fund Direct-Growth 65.67 8,870.92 1.03 9.56 7.09 7.48 Kotak Gilt Investment PF & Trust Direct-Growth 105.37 3,311.38 1.26 9.57 6.62 7.43
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
2.23VS2.18Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Moderate Volatility
0.54VS0.54Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.45VS0.27Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
1.86VS1.12Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
0.32VS-0.06Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.54VS6.16Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.B.Abhishek BisenSince Jan 201340 schemes
Mr. Bisen is a BA and MBA in Finance. Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Equity Arbitrage Fund Direct-Growth | 46,307.74 | 0.72 | 2.21 | 4.58 | 8.74 | 6.56 | |
Kotak Emerging Equity Fund Direct-Growth | 45,017.71 | 10.40 | 27.24 | 28.06 | 53.45 | 27.58 | |
Kotak Liquid Direct - Growth | 31,894.31 | 0.62 | 1.87 | 3.76 | 7.35 | 5.77 | |
Kotak Equity Opportunities Fund Direct-Growth | 22,329.12 | 6.76 | 20.03 | 26.60 | 48.80 | 25.47 | |
Kotak Money Market Fund Direct-Growth | 20,244.60 | 0.64 | 1.95 | 3.96 | 7.56 | 6.05 | |
Kotak Balanced Advantage Fund Direct - Growth | 15,830.08 | 3.61 | 7.82 | 10.86 | 21.43 | 12.95 | |
Kotak Small Cap Fund Direct-Growth | 15,282.62 | 8.97 | 24.94 | 21.90 | 46.11 | 25.65 | |
Kotak Bond Short Term Fund Direct-Growth | 14,949.40 | 0.74 | 1.99 | 4.05 | 7.48 | 5.86 | |
Kotak Savings Fund Direct-Growth | 12,840.69 | 0.64 | 1.93 | 3.87 | 7.40 | 5.94 | |
Kotak Corporate Bond Fund Direct-Growth | 12,541.10 | 0.70 | 1.97 | 4.05 | 7.45 | 5.87 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Axis Mutual Fund
- Mirae Asset Mutual Fund
- Edelweiss Mutual Fund
- DSP Mutual Fund
- Tata Mutual Fund
- Bandhan Mutual Fund
- HSBC Mutual Fund
- Franklin Templeton Mutual Fund
1. Kotak Gilt Investment - Direct Plan is Open-ended Gilt Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate risk-free returns through investments in sovereign securities. The savings plan (D) will provide regular dividend payouts. A portion of the fund will be invested in inter bank money market in order to meet the liquidity requirement. "
2. It is benchmarked against NIFTY All Duration G-Sec Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak Gilt Investment - Direct Plan is 32.34 years and Duration is 11.633 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak Gilt Investment Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Kotak Gilt Investment Direct-Growth
- Is it safe to invest in Kotak Gilt Investment - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Gilt Investment - Direct Plan comes under Moderate risk category.
- What is the category of Kotak Gilt Investment - Direct Plan?Kotak Gilt Investment - Direct Plan belongs to the Debt : Gilt category of funds.
- How Long should I Invest in Kotak Gilt Investment - Direct Plan?The suggested investment horizon of investing into Kotak Gilt Investment - Direct Plan is >5 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Gilt Investment - Direct Plan?The Kotak Gilt Investment - Direct Plan is managed by Abhishek Bisen (Since Jan 01, 2013).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.