August 5, 2022
mayank
Kotak Gilt Investment Provident Fund and Trust Plan Guidance
NAV Growth : Rs 88.0182
Suitable For Which Investors ?
“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.”
Fund’s 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.
Fund Manager :
— Abhishek Bisen
Education : Mr. Bisen is a BA and MBA in Finance.
Experience : Prior to joining Kotak AMC, he 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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.26% |
| Benchmark: | NIFTY All Duration G-Sec Index |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 1,674 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.40% |
| (As on 31-May-2018) | |
| Risk Grade: | Above Average |
| Return Grade: | Average |
Kotak Gilt Investment Provident Fund and Trust Plan Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Kotak Gilt Inv PF & Trust Direct-G | 0.27 | 0.1 | 0.28 | 1.18 | 1.09 | 0.93 | 2.47 | 5.93 | 6.74 | 8.43 | — |
| CCIL All Sovereign Bond – TRI | -0.53 | 0.21 | 1.1 | 1.67 | 1.23 | 1.83 | 2.19 | 4.93 | 6.37 | 7.85 | — |
| Debt: Gilt | 0.84 | 0.21 | 0.59 | 1.25 | 1.8 | 1.7 | 2.76 | 5.55 | 6.29 | 7.91 | — |
| Rank within category | 21 | 23 | 23 | 19 | 23 | 24 | 16 | 9 | 7 | 8 | — |
| Number of funds in category | 24 | 26 | 26 | 26 | 26 | 24 | 23 | 21 | 21 | 21 | 0 |
Kotak Gilt Investment Provident Fund and Trust Plan Guidance 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 | 3 star | Jan-13 | 2.47 | 5.93 | 6.74 | 0.4 | 1,674 |
| SBI Magnum Gilt Fund | 5 star | Jan-13 | 3.16 | 6.21 | 6.83 | 0.46 | 3,539 |
| ICICI Prudential Gilt Fund | 4 star | Jan-13 | 3.18 | 6.59 | 6.63 | 0.56 | 2,360 |
| IDFC Government Securities Fund – Investment Plan | 4 star | Jan-13 | 2.32 | 6.51 | 7.29 | 0.62 | 1,387 |
| Aditya Birla Sun Life Government Securities Fund | 4 star | Jan-13 | 2.94 | 6.02 | 6.79 | 0.29 | 1,213 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 38 | 104 | 19 | 14 |
| Modified Duration (yrs) |
2.21 | 3.2 | 2.2 | 3.92 |
| Average Maturity (yrs) |
8.34 | 11.3 | 8.34 | 6.38 |
| Yield to Maturity (%) | 7.2 | 7.23 | 5.29 | 6.91 |
| Avg Credit Rating |
GOI/Cash | — | — | — |
Kotak Gilt Investment Provident Fund and Trust Plan Guidance by Chanakya :
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