| 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
6.22% Central Government SOV 28.01
6.79% Central Government SOV 11.20
7.26% Central Government SOV 8.13
4.70% Central Government SOV 6.27
5.15% Central Government SOV 5.56
5.85% Central Government SOV 4.54
6.18% Central Government SOV 2.66
6.68% Central Government SOV 2.60
6.57% State Government-Andhra Pradesh SOV 1.75
6.60% State Government-Uttar Pradesh SOV 1.49
GS CG 15/12/2031 - (STRIPS) SOV 0.30
GS CG 15/12/2032 - (STRIPS) SOV 0.28
GS CG 23/12/2025 - (STRIPS) SOV 0.24
GS CG 15/06/2038 - (STRIPS) SOV 0.19
GS CG15/12/2038 - (STRIPS) SOV 0.18
GS CG 23/6/2030 - (STRIPS) SOV 0.17
GS CG 23/12/2030 - (STRIPS) SOV 0.17
GS CG 15/12/2039 - (STRIPS) SOV 0.17
GS CG 15/06/2039 - (STRIPS) SOV 0.17
6.68% State Government-Haryana SOV 0.16
GS CG 15/12/2040 - (STRIPS) SOV 0.16
GS CG 23/12/2031 - (STRIPS) SOV 0.15
GS CG 23/6/2032 - (STRIPS) SOV 0.14
GS CG 23/12/2032 - (STRIPS) SOV 0.14
6.78% State Government-Karnataka SOV 0.10
GS CG 23/6/2039 - (STRIPS) SOV 0.09
GS CG 23/6/2038 - (STRIPS) SOV 0.09
GS CG 23/12/2038 - (STRIPS) SOV 0.09
GS CG 23/6/2040 - (STRIPS) SOV 0.08
GS CG 23/12/2039 - (STRIPS) SOV 0.08
Government Dated Securities - Total 75.36
Treasury Bills
364 Days Treasury Bill 20/05/2021 SOV 20.60
Treasury Bills - Total 20.60
Triparty Repo 3.15
Net Current Assets/(Liabilities) 0.89
Grand Total 100.00

NAV
Regular Plan Growth Rs74.9866
Regular Plan-Direct Growth Rs81.355
PF & Trust-Growth Rs76.7159
PF & Trust-Growth Direct Rs83.3199
PF & Trust-Quarterly Dividend Rs11.7373
Quarterly-Dividend Rs14.6525
Quarterly-Dividend Direct Rs18.3735

Available Plans/Options

A) Regular Non Direct Plan,
B) PF & Trust Non Direct Plan,
C) Regular Direct Plan,
D) PF & Trust Direct Plan.
Options: Dividend Payout, Dividend Reinvestment & 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
AAUMRs965.80 crs
AUMRs964.09 crs
Folio count5,659

Dividend Frequency

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


Ratios
Average Maturity7.93 yrs
Modified Duration5.04 yrs
Portfolio Yield5.67%
Macaulay Duration5.20 yrs
$Standard Deviation
A)Regular Plan
B) PF & Trust Plan

4.95%
4.95%
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: 1.47%; Direct: 0.47%


Data as on February 28, 2021


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 Jan 2021 is 7.82% 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 dividends, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'