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Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust

Q: What is the NAV of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

As of 05 Oct 2026, the NAV of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust is ₹98.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What does the Sharpe ratio of -0.58 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust's -0.58 means it has not compensated investors for its volatility over the window. Higher is better.

Kotak Mahindra Mutual Fund · Best Gilt Mutual Funds

NAV

₹98.68

+0.01% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+0.45%absolute

52-week rangePrev NAV ₹98.67

Latest ₹98.68

Low ₹94.9666th percentile of its 52-week rangeHigh ₹100.56

Scorecard

★★★☆☆3/5 vs 27 Gilt Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Gilt Fund (same plan and option).

PerformanceBelow avg

3Y CAGR +4.53% · ranks 24 of 26 Gilt Funds

RiskHigh

Volatility 3.4% vs 3.1% category avg

CostHigh

1.5% expense vs 1.2% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+0.70%) trails the Gilt Fund average (+2.00%)
3-year return (+4.53%) trails the Gilt Fund average (+5.55%)
5-year return (+4.20%) trails the Gilt Fund average (+4.95%)
More volatile than its Gilt Fund peers (3.4% vs 3.1%)
High expense ratio (1.48%) vs the Gilt Fund average of 1.19%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.48%

Category 1.19%▲0.29%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.58

Category -0.31▼0.27

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

Nifty All Duration G-Sec Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.52%

Absolute return over the last 3 months (not annualized)

-1.33%

Absolute return over the last 6 months (not annualized)

+3.92%

Absolute return since 1 Jan of this year (not annualized)

+1.12%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+0.70%

3-year annualized return (CAGR)

+4.53%

5-year annualized return (CAGR)

+4.20%

10-year annualized return (CAGR)

+5.61%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+7.40%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

3.41%

Excess return per unit of total volatility (rf = 6.5%)

-0.58

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.78

Largest peak-to-trough decline over full history

-14.97%

Benchmark ratios

Not shown for Gilt Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Gilt Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.52%	-0.43%	-0.09%
3M abs	-1.33%	-1.15%	-0.18%
6M abs	+3.92%	+3.81%	+0.11%
1Y CAGR	+0.70%	+2.00%	-1.30%
3Y CAGR	+4.53%	+5.55%	-1.02%
5Y CAGR	+4.20%	+4.95%	-0.75%

Category average across peers in Gilt Fund (up to 27 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 27 peers in Gilt Fund

1Y return

+0.70%

Beats 25.9% · rank #21

3Y return

+4.53%

Beats 8% · rank #24

5Y return

+4.20%

Beats 4.5% · rank #22

Sharpe

-0.58

Beats 12% · rank #23

Sortino

-0.78

Beats 8% · rank #23

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.63L

Absolute

+10.56%

XIRR

+4.10%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+1.12%
2025	+2.33%
2024	+8.30%
2023	+7.28%
2022	+2.43%
2021	+2.19%
2020	+13.26%
2019	+9.80%
2018	+7.39%
2017	+0.70%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

4,953

Expense ratio

1.48%

AUM

₹39.61Cr

YTM

6.92%

Macaulay duration

6.93 years

Average maturity

15.31 years

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Gilt Fund

Compare all


Kotak Gilt Fund - Regular Plan - Investment Provident Fund and TrustThis fund Kotak Mahindra · Regular · Growth	★★★☆☆	+0.70%	+4.53%	+4.20%	—	—	₹39.61Cr
Bandhan Gilt Fund Bandhan · Regular · Growth	★★★★☆	+6.62%	+7.37%	+5.78%	—	1.20%	₹1,970Cr
Axis Gilt Fund Axis · Regular · Growth	★★★★☆	+2.96%	+6.61%	+5.41%	—	0.86%	₹431.63Cr
ICICI Prudential Gilt Fund ICICI Prudential · Regular · Growth	★★★★★	+2.85%	+6.16%	+5.78%	—	1.11%	₹8,858Cr
UTI - Gilt Fund UTI · Regular · Growth	★★★★★	+4.01%	+6.16%	+5.33%	—	0.85%	₹510.86Cr
UTI - Gilt Fund - Regular Plan - Discontinued PF Plan Prescribed Date Auto Redemption UTI · Regular · Discontinued · Growth	★★★★☆	+4.01%	+6.16%	+5.33%	—	—	₹7.59L

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt84.88%
Cash & Equivalents15.12%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Central Government - 2055

19.47%

Central Government - 2065(^)

15.50%

Central Government - 2035(^)

8.75%

91 DAYS TREASURY BILL 03/09/2026

8.30%

182 DAYS TREASURY BILL 03/09/2026

4.74%

Central Government - 2053

2.03%

GS CG 06/05/2037 - (STRIPS)

1.02%

GS CG 25/05/2034 - (STRIPS)

0.86%

GS CG 25/11/2034 - (STRIPS)

0.83%

GS CG 22/04/2037 - (STRIPS)

0.79%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-15.0%02 Jan 2009 → 12 Mar 2009
Fell over 2 months, back to the old high on 10 Jun 2011 — 2.2 years under water after the low.
-13.4%27 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 22 Sep 2014 — 13 months under water after the low.
-6.1%24 Nov 2016 → 10 Mar 2017
Fell over 3 months, back to the old high on 08 Jun 2017 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹39.61Cr

April - June 2026

-5%

since January - March 2026

−₹2.10Cr

est. net flow, last quarter

Down +5% from its peak of ₹41.86Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Launched

04 Aug 1994

Total AUM

₹5,90,460Cr+1.6% QoQ

Avg AUM · April - June 2026

Website

kotakmf.com

Fund Managers

ABAbhishek BisenStart date not disclosed

Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. 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. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. 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 (80)

All schemes Abhishek Bisen runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Abhishek Bisen

Kotak Mahindra in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Gilt funds

Gilt funds lend only to the government, so they carry no credit risk. Their prices do move with interest rates, though — they can swing when rate expectations change.

Frequently asked questions

What is the NAV of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

As of 05 Oct 2026, the NAV of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust is ₹98.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust delivered?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust has returned +0.70% over 1 year, +4.53% per year over 3 years, +4.20% per year over 5 years and +7.40% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust charges an expense ratio of 1.48% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust's largest holdings are Central Government - 2055 (19.5%), Central Government - 2065(^) (15.5%), Central Government - 2035(^) (8.8%), 91 DAYS TREASURY BILL 03/09/2026 (8.3%) and 182 DAYS TREASURY BILL 03/09/2026 (4.7%). Holdings are disclosed monthly and change over time.

How risky is Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.4% and its worst peak-to-trough fall in our sample was -15.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.58 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust's -0.58 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust is benchmarked against the Nifty All Duration G-Sec Index. Its alpha and beta on this page are measured against that index.

Who manages Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust is managed by Abhishek Bisen at Kotak Mahindra.

How is Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust taxed?

Kotak Gilt Fund - Regular Plan - Investment Provident Fund and Trust is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.