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3 star

Kotak Gilt Investment Provident Fund and Trust Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 2.43 0.00 -0.08 0.28 2.67 3.74 5.07 9.91 7.08 8.70 8.95
CCIL All Sovereign Bond - TRI 1.14 -0.13 -0.03 -0.51 2.10 2.25 3.48 10.87 7.54 9.30 9.36
Debt: Gilt 1.68 -0.16 -0.05 -0.27 1.36 2.52 3.31 9.15 6.77 8.50 8.67
Rank within category 6 2 22 1 2 2 2 8 10 10 9
Number of funds in category 26 30 29 29 29 29 25 25 25 23 20

As on 18-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Gilt Investment Provident Fund and Trust Plan  | Invest Online
3 star
Nov-03 5.07 9.91 7.08 1.40% 1,789
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 3.84 10.10 7.81 0.95% 3,689
ICICI Prudential Gilt Fund  | Invest Now
4 star
Aug-99 4.68 9.59 7.48 1.17% 3,243
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
Dec-08 3.10 10.96 8.17 1.24% 1,957
Aditya Birla Sun Life Government Securities Fund  | Invest Online
4 star
Oct-99 4.50 10.16 7.79 0.94% 971

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.84 10-Dec-2008 - 17-Dec-2008 -8.85 02-Jan-2009 - 09-Jan-2009
Month 16.21 18-Nov-2008 - 18-Dec-2008 -9.36 02-Jan-2009 - 03-Feb-2009
Quarter 26.51 01-Oct-2008 - 01-Jan-2009 -13.13 20-May-2013 - 19-Aug-2013
Year 31.90 03-Jan-2008 - 02-Jan-2009 -6.86 02-Jan-2009 - 04-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.82 4.09 1.44 2.02 0.80 0.33
CCIL All Sovereign Bond - TRI 10.92 4.72 1.48 2.07 -- --
Debt: Gilt 9.23 3.63 1.46 2.30 0.70 0.38
Rank within category 8 23 16 18 21 14
Number of funds in category 25 25 25 25 25 25

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 104 104 9 15
Modified Duration (yrs) 3.05 9.27 2.86 4.39
Average Maturity (yrs) 10.05 13.94 7.27 7.12
Yield to Maturity (%) 5.29 6.19 5.29 5.49
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 6.27 - 54.34 51.67
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 18.92 6.66
equal 7.88% Chhattisgarh State 2027 State Development Loan SOV 0.00 - 10.37 6.02
new GOI 2031 GOI Securities SOV 0.00 - 4.24 4.24
equal 7.62% Andhra Pradesh State 29/03/2027 State Development Loan SOV 0.00 - 6.09 2.98
equal 7.42% West Bengal State 2026 State Development Loan SOV 0.00 - 3.06 1.78
new 7.92% West Bengal State 15/03/2027 State Development Loan SOV 0.00 - 1.51 1.51
equal 7.80% Kerala State 15/03/2027 State Development Loan SOV 0.00 - 2.58 1.50
equal 7.74% Tamilnadu State 2027 State Development Loan SOV 0.00 - 2.58 1.50
new 7.59% Gujarat State 15/02/2027 State Development Loan SOV 0.00 - 1.49 1.49
new GOI 22/08/2029 GOI Securities SOV 0.00 - 1.30 1.30
equal 7.17% Gujarat State 26/07/2027 State Development Loan SOV 0.00 - 2.38 1.17
new GOI 22/02/2029 GOI Securities SOV 0.00 - 1.17 1.17
new GOI 22/02/2028 GOI Securities SOV 0.00 - 1.07 1.07
new GOI 22/02/2027 GOI Securities SOV 0.00 - 0.95 0.95
new GOI 22/08/2027 GOI Securities SOV 0.00 - 0.91 0.91
equal 7.80% Jharkhand State 2027 State Development Loan SOV 0.00 - 1.84 0.90
new GOI 22/08/2028 GOI Securities SOV 0.00 - 0.67 0.67
equal 7.85% Rajasthan State 15/03/2027 State Development Loan SOV 0.00 - 1.23 0.60
new GOI 22/02/2026 GOI Securities SOV 0.00 - 0.59 0.59
equal 6.75% Bihar State 2027 State Development Loan SOV 0.00 - 0.98 0.57
new 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 0.56 0.56
new 7.04% GOI 17/06/2027 GOI Securities SOV 0.00 - 0.40 0.40
new GOI 17/12/2027 GOI Securities SOV 0.00 - 0.38 0.38
new GOI 17/06/2028 GOI Securities SOV 0.00 - 0.37 0.37

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-Sep-2021

Fund Manager

— Abhishek Bisen since 15-Apr-2008

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:


0.00%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 80.3268

IDCW Quarterly: ₹ 11.9695


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 11-Nov-2003
Return Since Launch: 7.58%
Benchmark: NIFTY All Duration G-Sec Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,789 Cr (As on 30-Sep-2021)
Expense: 1.40% (As on 31-May-2018)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly20-Sep-20210.2278

 21-Jun-20210.0899
 22-Dec-20200.3767
 21-Sep-20200.0341
 22-Jun-20200.6777
 20-Mar-20200.3451
 20-Dec-20190.0114
 20-Sep-20190.1925
 20-Jun-20190.2911
 20-Mar-20190.0339
 20-Dec-20180.2550
 21-Sep-20180.0710
 20-Jun-20180.0779
 20-Mar-20180.0313
 20-Jun-20170.1906
 20-Mar-20170.0673
 20-Dec-20160.4205
 20-Sep-20160.5522
 20-Jun-20160.1571
 21-Mar-20160.0945
 21-Dec-20150.0080
 21-Sep-20150.1663
 22-Jun-20150.1000
 20-Mar-20150.2988
 22-Dec-20140.1181

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: https://www.kotakmf.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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