| KOTAK GILT FUND
An open-ended debt scheme investing in government securities across maturity
| KOTAK GILT FUND
An open-ended debt scheme investing in government securities across maturity

  

  
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
4.62% Central Government SOV 51.67
6.64% Central Government SOV 6.66
7.88% State Government(^)-Chattisgarh SOV 6.02
4.59% Central Government SOV 4.24
7.62% State Government-Andhra Pradesh SOV 2.98
7.42% State Government-West Bengal SOV 1.78
7.92% State Government-West Bengal SOV 1.51
7.80% State Government-Kerala SOV 1.50
7.74% State Government-Tamil Nadu SOV 1.50
7.59% State Government-Gujarat SOV 1.49
GS CG 22 Aug 2029 - (STRIPS) SOV 1.30
GS CG 22 Feb 2029 - (STRIPS) SOV 1.17
7.17% State Government-Gujarat SOV 1.17
GS CG 22 Feb 2028 - (STRIPS) SOV 1.07
GS CG 22 Feb 2027 - (STRIPS) SOV 0.95
GS CG 22 Aug 2027 - (STRIPS) SOV 0.91
7.80% State Government-Jharkhand SOV 0.90
GS CG 22 Aug 2028 - (STRIPS) SOV 0.67
7.85% State Government-Rajasthan SOV 0.60
GS CG 22/02/2026 - (STRIPS) SOV 0.59
6.75% State Government-Bihar SOV 0.57
6.67% Central Government SOV 0.56
GS CG 17 Jun 2027 - (STRIPS) SOV 0.40
GS CG 17/12/2027 - (STRIPS) SOV 0.38
GS CG 17/06/2028 - (STRIPS) SOV 0.37
GS CG 17/12/2028 - (STRIPS) SOV 0.36
GS CG 17/06/2029 - (STRIPS) SOV 0.34
GS 6.76% CG 22/02/2061 - (STRIPS) SOV 0.34
GS CG 22 Feb 2030 - (STRIPS) SOV 0.28
GS CG 22 Aug 2030 - (STRIPS) SOV 0.27
8.43% State Government-Tamil Nadu SOV 0.22
GS CG 22 Feb 2022 - (STRIPS) SOV 0.19
GS CG 22 Feb 2036 - (STRIPS) SOV 0.18
GS CG 22 Feb 2023 - (STRIPS) SOV 0.18
GS CG 22 Aug 2022 - (STRIPS) SOV 0.18
GS CG 22 Feb 2024 - (STRIPS) SOV 0.17
GS CG 22 Aug 2036 - (STRIPS) SOV 0.17
GS CG 22 Aug 2023 - (STRIPS) SOV 0.17
GS CG 22 Feb 2037 - (STRIPS) SOV 0.16
GS CG 22 Feb 2025 - (STRIPS) SOV 0.16
GS CG 22 Aug 2024 - (STRIPS) SOV 0.16
GS CG 22 Aug 2025 - (STRIPS) SOV 0.15
GS CG 22 Aug 2026 - (STRIPS) SOV 0.14
6.72% State Government-Kerala SOV 0.14
6.57% State Government-Andhra Pradesh SOV 0.14
GS CG 23/12/2025 - (STRIPS) SOV 0.13
GS CG 22 Feb 2032 - (STRIPS) SOV 0.10
GS CG 22 Feb 2031 - (STRIPS) SOV 0.10
GS CG 22 Aug 2031 - (STRIPS) SOV 0.10
GS CG 22 Feb 2033 - (STRIPS) SOV 0.09
GS CG 22 Aug 2033 - (STRIPS) SOV 0.09
GS CG 22 Aug 2032 - (STRIPS) SOV 0.09
6.68% State Government-Haryana SOV 0.09
GS CG 22 Feb 2035 - (STRIPS) SOV 0.08
GS CG 22 Feb 2034 - (STRIPS) SOV 0.08
GS CG 22 Aug 2034 - (STRIPS) SOV 0.08
GS CG 22 Aug 2035 - (STRIPS) SOV 0.07
GS CG 22 Feb 2039 - (STRIPS) SOV 0.06
GS CG 22 Feb 2038 - (STRIPS) SOV 0.06
GS CG 22 Aug 2039 - (STRIPS) SOV 0.06
GS CG 22 Aug 2038 - (STRIPS) SOV 0.06
GS CG 22 Aug 2037 - (STRIPS) SOV 0.06
GS CG 22 Feb 2042 - (STRIPS) SOV 0.05
GS CG 22 Aug 2040 - (STRIPS) SOV 0.05
6.78% State Government-Karnataka SOV 0.05
GS CG 22 Feb 2045 - (STRIPS) SOV 0.04
GS CG 22 Feb 2044 - (STRIPS) SOV 0.04
GS CG 22 Feb 2043 - (STRIPS) SOV 0.04
GS CG 22 Aug 2045 - (STRIPS) SOV 0.04
GS CG 22 Aug 2044 - (STRIPS) SOV 0.04
GS CG 22 Aug 2043 - (STRIPS) SOV 0.04
GS CG 22 Aug 2042 - (STRIPS) SOV 0.04
GS CG 22 Feb 2050 - (STRIPS) SOV 0.03
GS CG 22 Feb 2049 - (STRIPS) SOV 0.03
GS CG 22 Feb 2048 - (STRIPS) SOV 0.03
GS CG 22 Feb 2047 - (STRIPS) SOV 0.03
GS CG 22 Feb 2046 - (STRIPS) SOV 0.03
GS CG 22 Aug 2049 - (STRIPS) SOV 0.03
GS CG 22 Aug 2048 - (STRIPS) SOV 0.03
GS CG 22 Aug 2047 - (STRIPS) SOV 0.03
GS CG 22 Aug 2046 - (STRIPS) SOV 0.03
GS CG 22 Feb 2057 - (STRIPS) SOV 0.02
GS CG 22 Feb 2055 - (STRIPS) SOV 0.02
GS CG 22 Feb 2054 - (STRIPS) SOV 0.02
GS CG 22 Feb 2053 - (STRIPS) SOV 0.02
GS CG 22 Feb 2052 - (STRIPS) SOV 0.02
GS CG 22 Feb 2051 - (STRIPS) SOV 0.02
GS CG 22 Aug 2056 - (STRIPS) SOV 0.02
GS CG 22 Aug 2055 - (STRIPS) SOV 0.02
GS CG 22 Aug 2054 - (STRIPS) SOV 0.02
GS CG 22 Aug 2053 - (STRIPS) SOV 0.02
GS CG 22 Aug 2052 - (STRIPS) SOV 0.02
GS CG 22 Feb 2056 - (STRIPS) SOV 0.02
GS CG 22 Aug 2051 - (STRIPS) SOV 0.02
GS CG 22 Aug 2050 - (STRIPS) SOV 0.02
GS CG 22 Feb 2061 - (STRIPS) SOV 0.01
GS CG 22 Feb 2060 - (STRIPS) SOV 0.01
GS CG 22 Feb 2059 - (STRIPS) SOV 0.01
GS CG 22 Feb 2058 - (STRIPS) SOV 0.01
GS CG 22 Aug 2060 - (STRIPS) SOV 0.01
GS CG 22 Aug 2059 - (STRIPS) SOV 0.01
GS CG 22 Aug 2058 - (STRIPS) SOV 0.01
GS CG 22 Aug 2057 - (STRIPS) SOV 0.01
Government Dated Securities - Total 97.52
Triparty Repo 1.86
Net Current Assets/(Liabilities) 0.62
Grand Total 100.00

NAV
Regular-Growth Rs78.5207
Regular-Growth-Direct Rs85.6836
PF & Trust-Growth Rs80.3315
PF & Trust-Growth Direct Rs87.7530
PF & Trust-Quarterly-Reg-Plan-IDCW Rs11.9702
Quarterly-Reg-Plan-IDCW Rs15.3431
Quarterly-Dir-Plan-IDCW Rs19.3511

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*
BenchmarkNifty All Duration G-Sec Index
Allotment dateRegular Plan - December 29, 1998;
PF & Trust Plan - November 11, 2003
AAUMRs1,686.27 crs
AUMRs1,788.67 crs
Folio count4,918

IDCW Frequency

Quarterly (20th of Mar/Jun/Sep/Dec)


Ratios
Portfolio Average Maturity 10.05 yrs
IRS Average Maturity* -0.05 yrs
Net Average Maturity 10.01 yrs
Portfolio Modified Duration 3.05 yrs
IRS Modified Duration* -0.05 yrs
Net Modified Duration 3.01 yrs
Portfolio Macaulay Duration 3.15 yrs
IRS Macaulay Duration* -0.05 yrs
Net Macaulay Duration 3.10 yrs
YTM 5.29%
$Standard Deviation
(A) Reg. Plan (B) PF Trust Plan
3.51%
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

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: 1.46%; Direct: 0.48%


Data as on September 30, 2021

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.


**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'