FoFFoF DomesticRegularGrowthHigh

Kotak Gold Silver Passive FOF

Q: What is the NAV of Kotak Gold Silver Passive FOF?

As of 05 Oct 2026, the NAV of Kotak Gold Silver Passive FOF is ₹14.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Gold Silver Passive FOF delivered?

Kotak Gold Silver Passive FOF has returned +42.05% 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 Silver Passive FOF?

Kotak Gold Silver Passive FOF charges an expense ratio of 0.53% 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 Silver Passive FOF?

Kotak Gold Silver Passive FOF's largest holdings are KOTAK MUTUAL FUND - KOTAK SILVER ETF (49.8%) and KOTAK MUTUAL FUND - KOTAK GOLD ETF (47.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Gold Silver Passive FOF?

Kotak Gold Silver Passive FOF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 47.6% and its worst peak-to-trough fall in our sample was -36.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Kotak Gold Silver Passive FOF?

Kotak Gold Silver Passive FOF is benchmarked against the Domestic Prices of Gold (50%) and Domestic Prices of Silver (50%). Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Gold Silver Passive FOF?

Kotak Gold Silver Passive FOF is managed by Abhishek Bisen and Rohit Tandon at Kotak Mahindra.

Q: How is Kotak Gold Silver Passive FOF taxed?

Kotak Gold Silver Passive FOF 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

₹14.68

+0.90% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak Gold Silver Passive FOF — 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.

Compare SIP calculator

NAV history

+42.05%absolute

52-week rangePrev NAV ₹14.55

Latest ₹14.68

Low ₹10.3441st percentile of its 52-week rangeHigh ₹20.98

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 — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough FoF Domestic peers to rank yet

RiskHigh

Volatility 47.6% vs 17.2% category avg

CostLow

0.5% expense vs 0.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

Low expense ratio (0.53%) vs the FoF Domestic average of 0.69%

Concerns

More volatile than its FoF Domestic peers (47.6% vs 17.2%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.53%

Category 0.69%▼0.16%

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

—

Category —

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

—

Category 0.65

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

Domestic Prices of Gold (50%) and Domestic Prices of Silver (50%)

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.

04 Nov 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.63%

Absolute return over the last 3 months (not annualized)

-1.83%

Absolute return over the last 6 months (not annualized)

-0.63%

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

+5.04%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+42.05%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

47.63%

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

—

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

—

Largest peak-to-trough decline over full history

-36.30%

Benchmark ratios

Not shown for FoF Domestic — 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-4.63%	-3.40%	-1.23%
3M abs	-1.83%	-1.45%	-0.38%
6M abs	-0.63%	+4.78%	-5.41%
1Y CAGR	—	+11.40%	—
3Y CAGR	—	+19.25%	—
5Y CAGR	—	+12.58%	—

Category average across peers in FoF Domestic (151 of 153 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.

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

₹1.10L

Current value

₹1.09L

Absolute

-1.19%

XIRR

-2.84%

Value vs. invested

ValueInvested

11 monthly installments of ₹10,000 into Kotak Gold Silver Passive FOF, 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	+5.04%
2025part	+35.24%

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

227

Expense ratio

0.53%

AUM

₹1,067Cr

Exit load

NIL

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 Silver Passive FOFThis fund Kotak Mahindra · Regular · Growth	—	—	—	—	—	0.53%	₹1,067Cr
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

Other97.71%
Cash & Equivalents2.29%

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.

-36.3%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-7.0%21 Jan 2026 → 22 Jan 2026
Fell over 1 day, back to the old high on 27 Jan 2026 — 5 days under water after the low.
-5.8%13 Nov 2025 → 21 Nov 2025
Fell over 8 days, back to the old high on 01 Dec 2025 — 10 days 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 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 →

RTRohit TandonStart date not disclosed

Role

Equity Fund Manager

Education

B.E.(Mechanical) Punjab University Chandigarh & PGDM (IIM Bangalore)

Experience

Mr. Rohit has over 19 years of experience in equity research & and fund management. Prior to joining KMAMC he was the Head (Equities) at Reliance Nippon Life Insurance. Before that he has worked with Max Life Insurance as Senior Fund Manager (Equities) for 14 years. He has also worked as a sell-side analyst in Power, Infrastructure & Capital Goods sectors in JP Morgan India for

Funds managed (6)

All schemes Rohit Tandon 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.

Explore from here

Fund managers

Abhishek Bisen Rohit Tandon

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.

Run SIP calculator Add to compare

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 Silver Passive FOF?

As of 05 Oct 2026, the NAV of Kotak Gold Silver Passive FOF is ₹14.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Gold Silver Passive FOF delivered?

Kotak Gold Silver Passive FOF has returned +42.05% 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 Silver Passive FOF?

Kotak Gold Silver Passive FOF charges an expense ratio of 0.53% 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 Silver Passive FOF?

Kotak Gold Silver Passive FOF's largest holdings are KOTAK MUTUAL FUND - KOTAK SILVER ETF (49.8%) and KOTAK MUTUAL FUND - KOTAK GOLD ETF (47.9%). Holdings are disclosed monthly and change over time.

How risky is Kotak Gold Silver Passive FOF?

Kotak Gold Silver Passive FOF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 47.6% and its worst peak-to-trough fall in our sample was -36.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Kotak Gold Silver Passive FOF?

Kotak Gold Silver Passive FOF is benchmarked against the Domestic Prices of Gold (50%) and Domestic Prices of Silver (50%). Its alpha and beta on this page are measured against that index.

Who manages Kotak Gold Silver Passive FOF?

Kotak Gold Silver Passive FOF is managed by Abhishek Bisen and Rohit Tandon at Kotak Mahindra.

How is Kotak Gold Silver Passive FOF taxed?

Kotak Gold Silver Passive FOF 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.