Gilt Fund · Moderate risk · ₹2,065 crore
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The Objective Of The Plan Is To Generate Risk-Free Returns Through Investments In Sovereign Securities Issued By The Central Government And/Or State Government(S) And/Or Any Security Unconditionally Guaranteed By The Government Of India, And/Or Reverse Repos In Such Securities As And When Permitted By Rbi. A Portion Of The Fund May Be Invested In Reverse Repo, Cblo And/Or Other Similar Instruments As May Be Notified To Meet The Day-To-Day Liquidity Requirements Of The Plan. To Ensure Total Safety Of Unit Holders' Funds, The Plan Does Not Invest In Any Other Securities Such As Shares, Debentures Or Bonds Issued By Any Other Entity. The Fund Will Seek To Underwrite Issuance Ofgovernment Securities If And To The Extent Permitted By Sebi/ Rbi And Subject To The Prevailing Rules And Regulations Specified In This Respect And May Also Participate In Their Auction From Time To Time.Subject To The Maximum Amount Permitted From Time To Time, The Plan May Invest In Securities Abroad, In The Manne
Returns
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | |
|---|---|---|---|---|---|---|---|---|---|
| This fund | +1.05% | -0.50% | +2.92% | +2.05% | +2.30% | +4.76% | +4.40% | +5.47% | +5.66% |
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As of 11 Nov 2026
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Kotak Gilt Investment Provident Fund and Trust Growth is a Gilt Fund fixed income fund from Kotak Mahindra Asset Management Company Limited, launched on 11 Nov 2003. Its benchmark is the NIFTY All Duration G-Sec Index. The expense ratio is 1.48% a year. It manages ₹2,065 crore. The NAV was ₹99.59 on 11 Nov 2026. Over 10 years it returned 5.66% a year in rupees and 2.13% a year in US dollars and UAE dirhams, as the rupee fell 3.46% a year against the dollar.
| Period | Return | Volatility a year |
|---|---|---|
| Last 1 year | +2.30% | 4.61% |
| Last 3 years | +4.76% a year | 4.46% |
| Last 5 years | +4.40% a year | 3.66% |
| Last 10 years | +5.66% a year | 4.15% |
Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of returns over the same period. Figures as of 11 Nov 2026.
From 2017 to 2026, the fund returned more than the NIFTY All Duration G-Sec Index in 1 of 10 calendar years. The 2026 figure is year to date.
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 YTD |
|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +0.70% | +7.39% | +9.80% | +13.26% | +2.19% | +2.43% | +7.28% | +8.30% | +2.33% | +2.05% |
| Benchmark | +2.38% | +8.27% | +11.82% | +13.01% | +2.20% | +2.55% | +7.81% | +11.09% | +5.45% | +2.99% |
The NAV of Kotak Gilt-Investment Provident Fund and Trust-Growth Regular Growth was ₹99.59 on 11 Nov 2026. Mutual fund NAVs are published once a day, after markets close.
Kotak Gilt-Investment Provident Fund and Trust-Growth Regular Growth returned 2.3% over 1 year, 4.8% a year over 3 years, 4.4% a year over 5 years and 5.7% a year over 10 years, to 11 Nov 2026, worked out from its own daily NAV. It returned more than the NIFTY All Duration G-Sec Index in 1 of 10 calendar years since 2017.
In US dollars it returned -3.4% over 1 year, 0.6% a year over 3 years, -0.4% a year over 5 years and 2.1% a year over 10 years. The rupee fell 3.5% a year against the dollar over 10 years, which accounts for the gap from the rupee return. The UAE dirham is pegged to the dollar, so returns in dirhams are the same.
1.48% a year. It is taken from the fund's assets every day, so the NAV and every return shown are already after this cost.
NRIs can generally invest once KYC is complete, paying from an NRE or NRO account. Some fund houses do not accept investments from residents of the US and Canada.
India's tax on this fund depends on how much of it is in shares and when the units were bought, and for NRIs it is deducted when units are redeemed. The UAE has no personal income tax, and the India UAE tax treaty may apply, so confirm your position with a tax adviser.
Compare every gilt fund on returns, volatility, worst fall and cost.
Rolling returns in dollars shows every period, not just the latest.
