| 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.
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.
An open ended debt scheme investing in government securities across maturity.
A relatively high interest rate risk and relatively low credit risk.
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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 | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Government Dated Securities | ||
| 5.53% Central Government(^) | SOV | 46.48 |
| 7.10% Central Government | SOV | 14.23 |
| 5.74% Central Government | SOV | 10.74 |
| 6.42% Central Government | SOV | 4.39 |
| 4.93% Central Government | SOV | 4.26 |
| GS CG 22 Feb 2028 - (STRIPS) | SOV | 2.36 |
| GS CG 22 Aug 2029 - (STRIPS) | SOV | 2.28 |
| GS CG 22 Feb 2029 - (STRIPS) | SOV | 2.18 |
| 7.38% Central Government | SOV | 1.88 |
| GS CG 22 Aug 2028 - (STRIPS) | SOV | 1.49 |
| GS CG 22 Aug 2027 - (STRIPS) | SOV | 1.39 |
| 7.8% Jharkhand State Govt-Jharkhand | SOV | 0.91 |
| 7.95% Central Government | SOV | 0.72 |
| GS CG 17 Jun 2027 - (STRIPS) | SOV | 0.42 |
| GS CG 17/12/2027 - (STRIPS) | SOV | 0.41 |
| GS CG 17/06/2028 - (STRIPS) | SOV | 0.39 |
| GS CG 17/12/2028 - (STRIPS) | SOV | 0.38 |
| GS CG 17/06/2029 - (STRIPS) | SOV | 0.36 |
| GS CG 22 Feb 2030 - (STRIPS) | SOV | 0.29 |
| GS CG 22 Aug 2030 - (STRIPS) | SOV | 0.28 |
| 8.43% Tamil Nadu State Govt-Tamil Nadu | SOV | 0.22 |
| GS CG 22 Aug 2022 - (STRIPS) | SOV | 0.20 |
| GS CG 22/02/2026 - (STRIPS) | SOV | 0.16 |
| GS CG 22 Aug 2026 - (STRIPS) | SOV | 0.15 |
| GS CG 23/12/2025 - (STRIPS) | SOV | 0.14 |
| 6.57% Andhra Pradesh State Govt-Andhra Pradesh | SOV | 0.14 |
| GS CG 22 Feb 2036 - (STRIPS) | SOV | 0.12 |
| GS CG 22 Aug 2036 - (STRIPS) | SOV | 0.12 |
| GS CG 22 Feb 2032 - (STRIPS) | SOV | 0.10 |
| GS CG 22 Aug 2032 - (STRIPS) | SOV | 0.10 |
| GS CG 22 Aug 2031 - (STRIPS) | SOV | 0.10 |
| 6.68% Haryana State Govt-Haryana | SOV | 0.09 |
| 6.78% Karnataka State Govt-Karnataka | SOV | 0.05 |
| GS CG 22 Feb 2044 - (STRIPS) | SOV | 0.04 |
| GS CG 22 Feb 2043 - (STRIPS) | SOV | 0.04 |
| GS CG 22 Aug 2043 - (STRIPS) | SOV | 0.04 |
| Government Dated Securities - Total | 97.65 | |
| Triparty Repo | 0.62 | |
| Net Current Assets/(Liabilities) | 1.73 | |
| Grand Total | 100.00 | |
NAV
| Regular-Growth | Rs77.8852 |
| Regular-Growth-Direct | Rs85.7507 |
| Quarterly-Reg-Plan-IDCW | Rs15.2189 |
| Quarterly-Dir-Plan-IDCW | Rs19.3662 |
| PF & Trust-Growth | Rs79.6814 |
| PF & Trust-Growth Direct | Rs87.8108 |
| PF & Trust-Quarterly-Reg-Plan-IDCW | Rs11.6998 |
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 & Mr. Vihag Mishra* (Dedicated fund manager for investments in foreign securities) |
| Benchmark | Nifty All Duration G-Sec Index |
| Allotment date | Regular Plan -
December 29, 1998; PF & Trust Plan - November 11, 2003 |
| AAUM | Rs1,676.87 crs |
| AUM | Rs1,674.29 crs |
| Folio count | 5,117 |
IDCW Frequency
Quarterly (20th of Mar/Jun/Sep/Dec)
Ratios
| Portfolio Average Maturity | 8.34 yrs |
| IRS Average Maturity* | 0.17 yrs |
| Net Average Maturity | 8.51 yrs |
| Portfolio Modified Duration | 2.21 yrs |
| IRS Modified Duration* | 0.16 yrs |
| Net Modified Duration | 2.37 yrs |
| Portfolio Macaulay Duration | 2.28 yrs |
| IRS Macaulay Duration* | 0.17 yrs |
| Net Macaulay Duration | 2.46 yrs |
| YTM | 7.20% |
| $Standard Deviation (A) Reg. Plan (B) PF Trust Plan | 2.45% |
Minimum Investment Amount
Initial Investment: Rs5000 and in multiple
of Rs1 for purchase and for Rs0.01 for
switches
Additional Investment: Rs1000 & in multiples
of Rs1
Ideal Investments Horizon: 2-3 years
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: 1.45%; Direct: 0.39%
Data as on July 31, 2022
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 advisers if in doubt about whether the product is suitable for them.
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Jul 2022 is 17.95% of the net assets.
**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'