FoFFoF DomesticRegularGrowthHigh

Kotak Gold Fund

Q: What is the NAV of Kotak Gold Fund?

As of 05 Oct 2026, the NAV of Kotak Gold Fund is ₹56.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Gold Fund delivered?

Kotak Gold Fund has returned +25.05% over 1 year, +35.55% per year over 3 years, +23.97% per year over 5 years and +11.77% 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.

Q: What is the expense ratio of Kotak Gold Fund?

Kotak Gold Fund charges an expense ratio of 0.45% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Kotak Gold Fund?

Kotak Gold Fund's largest holdings are KOTAK MUTUAL FUND - KOTAK GOLD ETF (99.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Gold Fund?

Kotak Gold Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 21.7% and its worst peak-to-trough fall in our sample was -28.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.34 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gold Fund's 1.34 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Kotak Gold Fund?

Kotak Gold Fund is benchmarked against the Domestic price of physical gold. Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Gold Fund?

Kotak Gold Fund is managed by Abhishek Bisen and Jeetu Valechha Sonar at Kotak Mahindra.

Q: How is Kotak Gold Fund taxed?

Kotak Gold Fund is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

Kotak Mahindra Mutual Fund · Best Domestic Fund of Funds

NAV

₹56.14

+0.03% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak Gold Fund — 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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Performance

+22.40%absolute

52-week rangePrev NAV ₹56.13

Latest ₹56.14

Low ₹44.4751st percentile of its 52-week rangeHigh ₹67.22

Scorecard

★★★☆☆3/5 vs 75 of 152 FoF Domestic 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 FoF Domestic (same plan and option). 75 of the 152 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +35.55% · ranks 19 of 75 FoF Domestic funds

RiskHigh

Volatility 21.7% vs 17.4% category avg

CostLow

0.5% expense vs 0.7% category avg

ConsistencyModerate

80% 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

1-year return (+25.05%) beats the FoF Domestic average (+11.28%)
3-year return (+35.55%) beats the FoF Domestic average (+19.03%)
5-year return (+23.97%) beats the FoF Domestic average (+12.36%)
Ranks #19 of 115 on 1-year return in its FoF Domestic cohort
Stronger risk-adjusted returns — Sharpe 1.34 vs 0.64 FoF Domestic average

Concerns

More volatile than its FoF Domestic peers (21.7% vs 17.4%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.45%

Category 0.69%▼0.24%

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

—

Category —

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

1.34

Category 0.64▲0.70

Scheme Info

Definitions

Plan

Regular · Growth

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

None

If redeemed or switched out on or before completion of 15 days from the date of allotment of units – 1.00%. If redeemed or switched out after completion of 15 days from the date of allotment of units - NIL

Up to 1.00%

tiered — see the full terms

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹100

Domestic price of physical gold

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.

31 Mar 2011

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.46%

Absolute return over the last 3 months (not annualized)

+1.00%

Absolute return over the last 6 months (not annualized)

+0.87%

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

+10.54%

Annualized returns (≥1Y — CAGR)

Definitions

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

+25.05%

3-year annualized return (CAGR)

+35.55%

5-year annualized return (CAGR)

+23.97%

10-year annualized return (CAGR)

+15.47%

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.

+11.77%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

21.71%

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

1.34

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

1.89

Largest peak-to-trough decline over full history

-28.56%

Benchmark ratios (vs Gold · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Gold

0.52%

Sensitivity to Gold moves; 1 = moves with the index

0.97

How much of the fund's movement Gold explains

99.3%

Excess return per unit of beta (market risk)

29.26

Active return over the benchmark per unit of tracking error

-0.19

Annualized std dev of fund-minus-benchmark returns

1.63%

Fund's share of benchmark gains in up months (100 = matches index)

99.7%

Fund's share of benchmark losses in down months (lower is better)

101.1%

Computed vs the Gold over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-4.46%	-3.40%	-1.06%
3M abs	+1.00%	-1.47%	+2.47%
6M abs	+0.87%	+4.77%	-3.90%
1Y CAGR	+25.05%	+11.28%	+13.77%
3Y CAGR	+35.55%	+19.03%	+16.52%
5Y CAGR	+23.97%	+12.36%	+11.61%

Category average across peers in FoF Domestic (151 of 152 carry a figure for at least one period), 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 152 peers in FoF Domestic

1Y return

+25.05%

Beats 84.2% · rank #19

3Y return

+35.55%

Beats 75.7% · rank #19

5Y return

+23.97%

Beats 78.8% · rank #12

Sharpe

1.34

Beats 91.9% · rank #7

Sortino

1.89

Beats 89.2% · rank #9

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

₹11.90L

Absolute

+98.38%

XIRR

+28.66%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Kotak Gold Fund, 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	Gold	Diff
2026part	+10.54%	+10.42%	+0.12%
2025	+70.37%	+71.81%	-1.44%
2024	+18.92%	+19.44%	-0.52%
2023	+13.88%	+14.68%	-0.80%
2022	+11.73%	+12.80%	-1.07%
2021	-4.74%	-5.19%	+0.45%
2020	+26.59%	+27.00%	-0.41%
2019	+24.09%	+22.95%	+1.14%
2018	+7.26%	+6.67%	+0.59%
2017	+2.48%	+2.43%	+0.05%

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; those years show no benchmark comparison.

History points

3,757

Expense ratio

0.45%

AUM

₹6,724Cr

Exit load

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

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 · FoF Domestic

Compare all


Kotak Gold FundThis fund Kotak Mahindra · Regular · Growth	★★★☆☆	+25.05%	+35.55%	+23.97%	—	0.45%	₹6,724Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+50.74%	+45.30%	—	—	0.65%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Regular · Growth	★★★★★	+49.37%	+45.20%	—	—	0.49%	₹4,544Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+49.73%	+44.95%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other99.87%
Cash & Equivalents0.13%

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.

-28.6%27 Nov 2012 → 06 Aug 2015
Fell over 2.7 years, back to the old high on 05 Aug 2019 — 4.0 years under water after the low.
-24.2%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-21.0%07 Aug 2020 → 30 Mar 2021
Fell over 8 months, back to the old high on 02 Feb 2023 — 1.8 years 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.

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 BisenManaging since 25 Mar 2011

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 →

JSJeetu Valechha SonarManaging since 01 Oct 2022

Role

Equity Fund Manager and Dealer

Education

P.G.D.M in Finance Management

Experience

Mr. Jeetu Valechha Sonar has more than 14 years' experience in Commodity and Equity dealing and advisory. Prior to joining Kotak AMC Limited, he has worked as institutional dealer with Kotak Securities Lid. and is part of Kotak Asset Group since 2014.

Funds managed (41)

All schemes Jeetu Valechha Sonar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

Explore from here

Fund managers

Abhishek Bisen Jeetu Valechha Sonar

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.

Frequently asked questions

What is the NAV of Kotak Gold Fund?

As of 05 Oct 2026, the NAV of Kotak Gold Fund is ₹56.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Gold Fund delivered?

Kotak Gold Fund has returned +25.05% over 1 year, +35.55% per year over 3 years, +23.97% per year over 5 years and +11.77% 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 Gold Fund?

Kotak Gold Fund charges an expense ratio of 0.45% 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 Gold Fund?

Kotak Gold Fund's largest holdings are KOTAK MUTUAL FUND - KOTAK GOLD ETF (99.9%). Holdings are disclosed monthly and change over time.

How risky is Kotak Gold Fund?

Kotak Gold Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 21.7% and its worst peak-to-trough fall in our sample was -28.6%. 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 1.34 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gold Fund's 1.34 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Gold Fund?

Kotak Gold Fund is benchmarked against the Domestic price of physical gold. Its alpha and beta on this page are measured against that index.

Who manages Kotak Gold Fund?

Kotak Gold Fund is managed by Abhishek Bisen and Jeetu Valechha Sonar at Kotak Mahindra.

How is Kotak Gold Fund taxed?

Kotak Gold Fund is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.