| KOTAK GILT FUND
An open ended debt scheme investing in government securities across maturity.
A relatively high interest rate risk and relatively low credit risk.
| KOTAK GILT FUND
An open ended debt scheme investing in government securities across maturity.
A relatively high interest rate risk and relatively low credit risk.

  

  
Investment Objective
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. Subject to the maximum amount permitted from time to time, the Plan may invest in securities abroad, in the manner allowed by SEBI/RBI in conformity with the guidelines, rules and regulations in this respect. There is no assurance that the investment objective of the Plan will be achieved. It is however.emphasized, that investments under the Plan are made in Government Securities, where there is no risk of default of payment in principal or interest amount.
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. Subject to the maximum amount permitted from time to time, the Plan may invest in securities abroad, in the manner allowed by SEBI/RBI in conformity with the guidelines, rules and regulations in this respect. There is no assurance that the investment objective of the Plan will be achieved. It is however.emphasized, that investments under the Plan are made in Government Securities, where there is no risk of default of payment in principal or interest amount.
Issuer/Instrument Rating % to Net
Assets

Government Dated Securities
7.30% Central Government SOV 26.35
7.25% Central Government SOV 21.96
7.46% Central Government SOV 11.62
7.34% Central Government SOV 10.91
7.18% Central Government(^) SOV 9.46
7.09% Central Government SOV 6.59
6.80% Central Government SOV 5.59
7.32% Central Government SOV 0.84
7.02% Central Government SOV 0.73
7.38% Tamil Nadu State Govt-Tamil Nadu SOV 0.65
7.70% Maharashtra State Govt-Maharashtra SOV 0.45
7.95% Central Government SOV 0.33
7.42% Karnataka State Govt-Karnataka SOV 0.32
8.28% Tamil Nadu State Govt-Tamil Nadu SOV 0.20
8.37% Tamil Nadu State Govt-Tamil Nadu SOV 0.14
7.18% Tamil Nadu State Govt-Tamil Nadu SOV 0.14
GS CG 23/12/2025 - (STRIPS) SOV 0.08
GS CG 22 Aug 2026 - (STRIPS) SOV 0.08
7.84% Tamil Nadu State Govt-Tamil Nadu SOV 0.08
7.26% Central Government SOV 0.08
7.91% Uttar Pradesh State Govt-Uttar Pradesh SOV 0.07
6.57% Andhra Pradesh State Govt-Andhra Pradesh SOV 0.07
8.39% Uttar Pradesh State Govt-Uttar Pradesh SOV 0.06
8.08% Maharashtra State Govt-Maharashtra SOV 0.06
7.80% Tamil Nadu State Govt-Tamil Nadu SOV 0.04
6.68% Haryana State Govt-Haryana SOV 0.04
7.68% Karnataka State Govt-Karnataka SOV 0.03
6.78% Karnataka State Govt-Karnataka SOV 0.03
8.16% Gujarat State Govt-Gujarat SOV 0.01
Government Dated Securities - Total 97.01
Triparty Repo 2.21
Net Current Assets/(Liabilities) 0.78
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 30,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on August 30, 2024 (₹) 98,83,274 17,18,150 10,70,068 7,03,787 4,02,065 1,26,221
Scheme Returns (%) 8.06 6.98 6.81 6.32 7.32 9.79
Nifty All Duration G-Sec Index Returns (%) NA 7.38 7.36 6.93 8.32 11.10
Alpha* NA -0.41 -0.54 -0.61 -1.01 -1.32
Nifty All Duration G-Sec Index (₹)# NA 17,55,045 10,90,997 7,14,548 4,08,088 1,27,044
CRISIL 10 Year Gilt Index (₹)^ NA 16,49,326 10,43,853 6,94,502 4,03,520 1,26,608
CRISIL 10 Year Gilt Index Returns (%) NA 6.20 6.12 5.79 7.56 10.40

Scheme Inception : - December 29, 1998. The returns are calculated by XIRR approach assuming investment of ₹10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The SIP Performance is for Regular Plan – Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.
Net Asset Value (NAV)
RegularDirectQuarterly
Growth Rs91.43Rs102.89
Quarterly IDCW Rs17.87Rs23.24
PF&Trust Rs93.54Rs105.38Rs12.02
(as on August 30, 2024)

Available Plans/Options

A) Regular Non Direct Plan,
B) PF & Trust Non Direct Plan,
C) Regular Direct Plan,
D) PF & Trust Direct Plan.
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


Fund Manager*^ Mr. Abhishek Bisen
BenchmarkNifty All Duration G-Sec Index
Allotment dateRegular Plan - December 29, 1998; PF & Trust Plan - November 11, 2003
AAUMRs3,415.52 crs
AUMRs3,643.14 crs
Folio count9,284

IDCW Frequency

Quarterly (20th of Mar/Jun/Sep/Dec)


Debt Quant & Ratios
Average Maturity 31.73 yrs
Modified Duration 11.54 yrs
Macaulay Duration 11.94 yrs
Annualised YTM* 7.12%
$Standard Deviation 2.38%
*in case of semi annual YTM, it will be annualized.
Source: $ICRA MFI Explorer.

Minimum Investment Amount

Initial & Additional Investment
Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
Rs 100 and any amount thereafter

Ideal Investments Horizon

• 2 years & above


Load Structure

Entry Load: (a) Regular Plan - Entry: Nil. (b) PF & Trust Plan - Entry: Nil. (applicable for all plans)
Exit Load: (a) Regular Plan - Exit: Nil. (b) PF&Trust Plan-Exit: Nil. (applicable for all plans)


Total Expense Ratio**
Regular Plan: 1.48%
Direct Plan: 0.47%

Data as on 31st August, 2024 unless otherwise specified.

Folio count data as on 31st July 2024.
^Ms. Palha Khanna (Dedicated fund manager for investments in foreign securities).

Fund


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a long investment horizon
  • Investment in sovereign securities issued by the Central and/or State Government(s) and/or reverse repos in such securities

* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The above risk-o—meter is based on the scheme portfolio as on 31st July, 2024. An addendum may be issued or updated on the website for new riskometer.


**Total Expense Ratio includes applicable B30 fee and GST
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'