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Kotak Gold Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.22 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.35 Lakh

Analyst's Choice?

Suitability:

Gold funds provide returns closely in-line with the return provided by the price of gold.

We do not think of gold as a good long-term investment avenue and therefore we believe that investors can avoid these funds altogether.

But for those retail investors who'd still prefer to invest in gold, we believe that the Sovereign Gold Bond Scheme offered by the Government of India is a better alternative. This scheme offers a guaranteed return of 2.5% per year over and above the return provided by the price of gold, though the investment cannot be redeemed before a tenure of five years.

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 21.22 0.33 1.13 21.50 10.35 6.35 --
Domestic Price of Gold 19.23 -0.53 -3.08 19.38 10.35 6.73 --
Commodities: Gold 18.75 -1.11 0.09 19.19 9.37 5.80 --
Rank within category 1 2 2 1 2 1 --
Number of funds in category 10 10 10 10 10 10 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 15.54 (19-Jul-2013 - 19-Aug-2013) -13.27 (18-Mar-2013 - 17-Apr-2013)
Quarter 24.35 (30-May-2019 - 29-Aug-2019) -17.30 (16-Jan-2013 - 17-Apr-2013)
Year 32.06 (05-Sep-2018 - 05-Sep-2019) -17.82 (14-Nov-2013 - 14-Nov-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.30 12.02 0.29 0.58 0.92 0.22
Domestic Price of Gold 9.37 11.92 0.30 0.52 -- --
Commodities: Gold 8.55 11.15 0.25 0.46 0.88 -0.41
Rank within category 1 10 2 1 8 2
Number of funds in category 10 10 10 10 10 10

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

As on 30-Nov-2019

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Kotak Gold Exchange Traded Mutual Fund - 98.09

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-Nov-2019

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:


0.36%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 16.4009

Dividend: ₹ 16.4024


Investment Strategy

The scheme seeks to generate returns by investing in units of Kotak Gold Exchange Traded Fund.

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 2% for redemption within 180 days
1% for redemption between 181 - 364 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: Domestic Price of Gold
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 194 Cr (As on 30-Nov-2019)
Expense: 0.25% (As on 31-Aug-2015)
Risk Grade: Average
Return Grade: High
Turnover: --

News & Analysis

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: 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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM