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Kotak Gilt Investment - Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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 sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.76 -1.05 -1.08 8.44 4.91 7.32 8.04
CCIL All Sovereign Bond - TRI 9.72 -0.76 -0.55 10.83 6.30 8.51 8.28
Debt: Gilt 8.90 -0.79 -0.40 9.48 5.48 7.58 8.08
Rank within category 19 22 23 18 19 17 10
Number of funds in category 25 25 25 25 25 23 19

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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) -13.09 (20-May-2013 - 19-Aug-2013)
Year 31.53 (03-Jan-2008 - 02-Jan-2009) -6.86 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.84 5.10 -0.18 -0.28 0.88 -1.28
CCIL All Sovereign Bond - TRI 6.17 5.52 0.07 0.12 -- --
Debt: Gilt 5.40 4.49 -0.07 -0.07 0.76 -0.68
Rank within category 19 22 19 19 24 19
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-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 18 2 8
Modified Duration (yrs) 6.38 7.48 3.40 5.90
Average Maturity (yrs) 10.79 14.26 4.77 8.61
Yield to Maturity (%) 6.66 7.70 6.48 6.62

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 56.36 32.82
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 68.05 12.93
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 12.37 12.37
new 7.69% GOI 17/06/2043 Central Government Loan SOV 0.00 - 10.32 10.32
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 28.18 6.74
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 6.47 6.47
new 7.72% GOI 15/06/2049 GOI Securities SOV 0.00 - 3.46 3.46

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 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:


-0.11%

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

Growth: ₹ 66.4258

Dividend Quarterly: ₹ 14.4729


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: 29-Dec-1998
Benchmark: NIFTY All Duration G-Sec
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 463 Cr (As on 30-Nov-2019)
Expense: 1.51% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly20-Sep-20190.2364

 20-Jun-20170.2132
 20-Mar-20170.0754
 20-Dec-20160.4694
 20-Sep-20160.0520
 20-Jun-20160.1658
 21-Mar-20160.0318
 21-Dec-20150.0059
 21-Sep-20150.1703
 22-Jun-20150.1047
 20-Mar-20150.3093
 22-Dec-20140.2359
 22-Sep-20140.5118
 20-Dec-20130.3326
 20-Jun-20130.6197
 20-Mar-20130.3614
 20-Dec-20120.2578
 20-Sep-20120.1846
 20-Jun-20120.5926
 20-Mar-20120.3541
 20-Dec-20110.3231
 20-Sep-20110.0973
 20-Jun-20110.0799
 21-Mar-20110.1763
 20-Dec-20100.1478

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