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Kotak Gilt Investment - Direct Plan

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Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 10.32 -0.20 -0.33 0.06 1.83 7.97 10.70 8.92 10.31 10.32 --
CCIL All Sovereign Bond - TRI 10.80 -0.10 0.13 1.08 3.82 8.35 11.34 9.51 10.33 10.50 --
Debt: Gilt 9.03 -0.17 -0.30 0.09 2.06 6.98 10.05 8.37 9.77 10.02 --
Rank within category 4 15 13 11 15 4 8 8 8 9 --
Number of funds in category 21 21 21 21 21 21 21 21 21 20 0

As on 07-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Gilt Investment - Direct Plan  | Invest Online
3 star
 Jan-13 10.70 8.92 10.31 0.45 803
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 11.17 8.99 10.58 0.50 3,415
Nippon India Gilt Securities Fund - Direct Plan  | Invest Online
5 star
 Jan-13 11.41 10.01 11.57 0.62 1,452
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
 Jan-13 13.27 10.20 10.89 0.54 1,163
DSP Government Securities Fund - Direct Plan  | Invest Online
5 star
 Jan-13 12.52 9.79 10.50 0.56 918

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.05 (19-Aug-2013 - 26-Aug-2013) -5.14 (12-Aug-2013 - 19-Aug-2013)
Month 5.86 (19-Aug-2013 - 18-Sep-2013) -8.61 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.54 (12-Sep-2014 - 12-Dec-2014) -13.02 (20-May-2013 - 19-Aug-2013)
Year 21.48 (26-Feb-2014 - 27-Feb-2015) -3.89 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.86 4.25 0.86 2.07 0.82 0.23
CCIL All Sovereign Bond - TRI 9.37 4.78 0.87 2.01 -- --
Debt: Gilt 8.35 3.90 0.82 1.84 0.75 0.03
Rank within category 8 17 12 9 16 13
Number of funds in category 21 21 21 21 21 21

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 10 2 8
Modified Duration (yrs) 8.25 8.25 5.13 --
Average Maturity (yrs) 12.32 13.36 7.21 --
Yield to Maturity (%) 6.23 6.96 5.98 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 36.61 36.61
up 7.57% GOI 17/06/2033 GOI Securities SOV 5.65 - 56.36 36.46
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 24.11 24.11

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Abhishek Bisen since 01-Jan-2013

Education: Mr. Bisen is a BA and MBA in Finance.

Experience: Prior to joining Kotak AMC, Abhishek 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.

Funds Managed:

Invest Online
-0.20%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 80.0600

Dividend Quarterly: ₹ 18.0809

Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.58%
Benchmark: NIFTY All Duration G-Sec
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 803 Cr (As on 30-Jun-2020)
Expense: 0.45% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly20-Sep-20160.6229

 20-Jun-20160.1923
 21-Mar-20160.1236
 21-Dec-20150.0294
 21-Sep-20150.2140
 22-Jun-20150.2336
 22-Dec-20140.2473
 22-Sep-20140.6457
 20-Dec-20130.3616
 20-Jun-20130.6464
 20-Mar-20130.2159

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: http://www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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