This is the Direct plan of Kotak Gilt Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★☆☆☆2/5 vs 23 of 24 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). 23 of the 24 Gilt Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +5.59% · ranks 20 of 23 Gilt Funds
Volatility 3.4% vs 3.1% category avg
0.5% expense vs 0.5% category avg
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 (+1.72%) trails the Gilt Fund average (+2.52%)
- 3-year return (+5.59%) trails the Gilt Fund average (+6.20%)
- More volatile than its Gilt Fund peers (3.4% vs 3.1%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Gilt Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.43% | -0.40% | -0.03% |
| 3M abs | -1.08% | -1.03% | -0.05% |
| 6M abs | +4.45% | +4.24% | +0.21% |
| 1Y CAGR | +1.72% | +2.52% | -0.80% |
| 3Y CAGR | +5.59% | +6.20% | -0.61% |
| 5Y CAGR | +5.29% | +5.60% | -0.31% |
Category average across peers in Gilt Fund (up to 24 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 24 peers in Gilt Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Kotak Gilt 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 | |
|---|---|---|
| 2026part | +1.90% | |
| 2025 | +3.37% | |
| 2024 | +9.41% | |
| 2023 | +8.41% | |
| 2022 | +3.53% | |
| 2021 | +3.23% | |
| 2020 | +14.42% | |
| 2019 | +10.91% | |
| 2018 | +8.50% | |
| 2017 | +1.71% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt84.88%
- Cash & Equivalents15.12%
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.
Fund Managers
ABAbhishek BisenManaging since 15 Apr 2008
Head - Fixed Income, Debt Fund Manager and Dealer
B A Management, MBA Finance EPAF- IIM-C
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
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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.
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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.
From the blog
Frequently asked questions
What is the NAV of Kotak Gilt Fund?
As of 05 Oct 2026, the NAV of Kotak Gilt Fund is ₹110.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Gilt Fund delivered?
Kotak Gilt Fund has returned +1.72% over 1 year, +5.59% per year over 3 years, +5.29% per year over 5 years and +7.71% 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?
Kotak Gilt Fund charges an expense ratio of 0.48% 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?
Kotak Gilt Fund'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?
Kotak Gilt Fund 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 -13.3%. 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 -0.27 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gilt Fund's -0.27 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Kotak Gilt Fund?
Kotak Gilt Fund 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?
Kotak Gilt Fund is managed by Abhishek Bisen at Kotak Mahindra.
How is Kotak Gilt Fund taxed?
Kotak Gilt Fund 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.