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Kotak Gold Fund

Q: What is the NAV of Kotak Gold Fund?

As of 01 Oct 2026, the NAV of Kotak Gold Fund is ₹59.36 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 +24.50% over 1 year, +35.13% per year over 3 years, +24.46% per year over 5 years and +10.92% 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 0.15% 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 -26.3%. 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 1.32 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gold Fund's 1.32 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 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.

Kotak Mahindra Mutual Fund · Best Domestic Fund of Funds

NAV

₹59.36

-0.11% 1D

as of 01 Oct 2026

This is the Direct plan of Kotak Gold Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed and paid out, which is why this NAV sits below the growth plan of the same fund.

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Performance

+27.30%CAGR

52-week rangePrev NAV ₹59.43

Latest ₹59.36

Low ₹46.9052nd percentile of its 52-week rangeHigh ₹70.95

Scorecard

Not rated

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. Not rated — too few comparable FoF funds (same plan and option) to rank against yet.

Performance—

Not enough FoF Domestic peers to rank yet

Risk—

Volatility 21.7% (no category average yet)

Cost—

0.2% expense (no category average yet)

ConsistencyModerate

89% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.15%

Category —

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

—

Category —

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

1.32

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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.

02 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.04%

Absolute return over the last 3 months (not annualized)

+5.25%

Absolute return over the last 6 months (not annualized)

-1.24%

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

+10.78%

Annualized returns (≥1Y — CAGR)

Definitions

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

+24.50%

3-year annualized return (CAGR)

+35.13%

5-year annualized return (CAGR)

+24.46%

10-year annualized return (CAGR)

+15.81%

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.

+10.92%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

21.70%

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

1.32

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

1.86

Largest peak-to-trough decline over full history

-26.26%

Benchmark ratios (vs Gold · 36 monthly returns)

Definitions

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

0.86%

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)

29.72

Active return over the benchmark per unit of tracking error

0.09

Annualized std dev of fund-minus-benchmark returns

1.63%

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

100.4%

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

100.4%

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	-3.04%	—	—
3M abs	+5.25%	—	—
6M abs	-1.24%	—	—
1Y CAGR	+24.50%	—	—
3Y CAGR	+35.13%	—	—
5Y CAGR	+24.46%	—	—

Category average across peers in FoF Domestic, 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.

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

₹12.07L

Absolute

+101.23%

XIRR

+29.27%

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	+10.78%	+10.42%	+0.36%
2025	+70.95%	+71.81%	-0.86%
2024	+19.33%	+19.44%	-0.11%
2023	+14.27%	+14.68%	-0.41%
2022	+12.13%	+12.80%	-0.67%
2021	-4.35%	-5.19%	+0.84%
2020	+27.05%	+27.00%	+0.05%
2019	+24.69%	+22.95%	+1.74%
2018	+7.71%	+6.67%	+1.04%
2017	+2.97%	+2.43%	+0.54%

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

3,335

Expense ratio

0.15%

AUM

₹6,724Cr

Exit load

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 · FoF Domestic

Compare all


Kotak Gold FundThis fund Kotak Mahindra · Direct · IDCW	—	+24.50%	+35.13%	+24.46%	—	0.15%	₹6,724Cr
Axis Silver Fund of Fund Axis · Direct · IDCW	—	+48.84%	+43.37%	—	—	0.14%	₹1,209Cr
ICICI Prudential Silver ETF FOF ICICI Prudential · Direct · IDCW	—	+48.62%	+42.96%	—	—	0.20%	₹6,532Cr
Aditya Birla Sun Life Silver ETF FOF Aditya Birla Sun Life · Direct · IDCW	—	+47.56%	+42.78%	—	—	0.32%	₹1,306Cr
Nippon India Silver ETF FOF Nippon India · Direct · IDCW	—	+47.77%	+42.65%	—	—	0.22%	₹4,544Cr
Edelweiss Gold and Silver ETF FOF Edelweiss · Direct · IDCW	—	+32.21%	+37.53%	—	—	0.20%	₹3,034Cr

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.

-26.3%28 Aug 2013 → 06 Aug 2015
Fell over 1.9 years, back to the old high on 11 Jul 2019 — 3.9 years under water after the low.
-24.1%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-20.8%07 Aug 2020 → 30 Mar 2021
Fell over 8 months, back to the old high on 01 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 01 Oct 2026, the NAV of Kotak Gold Fund is ₹59.36 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 +24.50% over 1 year, +35.13% per year over 3 years, +24.46% per year over 5 years and +10.92% 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 0.15% 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 -26.3%. 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 1.32 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Gold Fund's 1.32 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 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.