Kotak Gilt Fund is a Gilt fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹2,065 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 5.5% a year and its Regular plan returned 4.4% a year. Its benchmark, NIFTY All Duration G-Sec Index, returned 6.3% a year over the same 3 years.
NAV (Direct plan)
₹112.95
▼ 0.10% · 30-10-2026
NAV (Regular plan)
₹98.08
▼ 0.10% · 30-10-2026
Expense ratio
0.48%Direct1.49%Regular
0.48%
A year
Riskometer
Moderate
Set by the fund house
3 year return
5.5%Direct4.4%Regular
5.5%
A year
Kotak Gilt Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹112.95 (down 0.10% that day); Regular Plan Growth ₹98.08 (down 0.10% that day).
This fund (Direct plan)
₹112.9452
Kotak Gilt Fund Returns vs NIFTY All Duration G-Sec Index
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.63%
−1.30%
+2.00%
+1.78%
+5.49%
+5.21%
+6.68%
This fund (Regular)
−0.71%
−1.55%
+1.48%
+0.76%
+4.42%
+4.13%
+5.59%
NIFTY All Duration G-Sec Index
−1.12%
−1.44%
+2.72%
+2.10%
+6.28%
+5.48%
--
Gilt average
−0.69%
−1.34%
+1.62%
+2.12%
+6.19%
+5.46%
+6.64%
Best in Gilt
+0.27%
+0.76%
+4.80%
+7.50%
+8.37%
+6.46%
+7.66%
Worst in Gilt
−1.33%
−2.45%
+0.15%
−0.46%
+4.58%
+4.74%
+5.39%
Rank in Gilt
14/28
13/28
8/28
17/28
23/26
17/22
11/21
Category rows compare the Direct plans of 28 Gilt funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
Kotak Gilt Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+1.35%
+0.51%
2025
+3.37%
+2.33%
2024
+9.43%
+8.30%
2023
+8.41%
+7.28%
2022
+3.52%
+2.43%
2021
+3.23%
+2.19%
Kotak Gilt Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,603 periods, one for each trading day from 25-01-2016 to 30-10-2026.
0%5%10%15%20%
Kotak Gilt Fund (Direct)
Category average, 28 Gilt funds
Dec 2013 to Dec 2016Oct 2015 to Oct 2018Aug 2017 to Aug 2020Jun 2019 to Jun 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Kotak Gilt Fund (Direct)Category average, 28 Gilt funds
0%
0%
Below 0%
1%
7%
0-5%
77%
73%
5-10%
22%
20%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,080
8.3%
−3.9%
21.5%
6%
7.9%
63%
2 years
2,844
8.5%
2.1%
15.8%
0%
8.3%
68%
3 years
2,603
8.1%
4.8%
15.6%
0%
8.1%
75%
5 years
2,120
8.2%
5.1%
11.2%
0%
7.7%
84%
7 years
1,638
8.4%
6.3%
11.3%
0%
7.9%
93%
10 years
910
8.4%
6.6%
9.4%
0%
8.1%
97%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
8.3%
−4.4%
27.5%
9%
8.3%
64%
2 years
142
8.5%
0.5%
18.5%
0%
8.1%
62%
3 years
130
8.1%
2.9%
17.1%
0%
7.7%
65%
5 years
106
7.9%
4.6%
11.0%
0%
7.3%
76%
7 years
82
7.7%
5.2%
10.8%
0%
7.1%
80%
10 years
46
8.0%
6.2%
8.5%
0%
7.5%
91%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 28 Gilt funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Kotak Gilt Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Kotak Gilt Fund (Direct)This fund
Category average
Return (CAGR)
+1.78%
+2.12%
Standard deviation
3.43%
3.18%
Sharpe ratio
-1.01
-0.98
Sortino ratio
-1.36
-1.35
Maximum drawdown
−2.9%
(02-04-2026)
−2.6%
(02-04-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Kotak Gilt Fund (Direct)This fund
Category average
Return (CAGR)
+5.49%
+6.18%
Standard deviation
3.33%
2.80%
Sharpe ratio
-0.16
0.06
Sortino ratio
-0.22
0.08
Maximum drawdown
−4.7%
(01-09-2025)
−3.1%
(26-08-2025)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Kotak Gilt Fund (Direct)This fund
Category average
Return (CAGR)
+5.21%
+5.38%
Standard deviation
2.84%
2.56%
Sharpe ratio
-0.21
-0.16
Sortino ratio
-0.28
-0.23
Maximum drawdown
−4.7%
(01-09-2025)
−3.1%
(26-08-2025)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Kotak Gilt Fund (Direct)This fund
Category average
Return (CAGR)
+6.68%
+6.62%
Standard deviation
3.69%
3.20%
Sharpe ratio
0.35
0.38
Sortino ratio
0.50
0.56
Maximum drawdown
−5.9%
(10-03-2017)
−3.6%
(10-03-2017)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Kotak Gilt Fund (Direct)This fund
Category average
Return (CAGR)
+7.58%
+7.63%
Standard deviation
4.37%
3.64%
Sharpe ratio
0.35
0.44
Sortino ratio
0.49
0.62
Maximum drawdown
−13.3%
(19-08-2013)
−9.0%
(19-08-2013)
From daily NAVs, 23-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−15%−10%−5%0%
Kotak Gilt Fund (Direct)
Category average, 28 Gilt funds
2014201620182020202220242026
Kotak Gilt Fund (Direct)Category average, 28 Gilt funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Kotak Gilt Fund (Direct)
−13.3%
27-05-2013
19-08-2013
15-09-2014
13 months
−2.3%
Category average
−9.0%
27-05-2013
19-08-2013
21-05-2014
9 months
−2.3%
From the Direct plan's daily NAV since 23-01-2013, adjusted for unit splits, and the average of the 28 Gilt funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Kotak Gilt Fund vs Other Gilt Funds
The five Gilt funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Kotak Gilt Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Gilt median
Cost rank (1 = cheapest)
Direct
0.41%
0.00%
0.00%
0.07%
0.48%
0.48%
15/28
Regular
1.25%
0.00%
0.00%
0.23%
1.49%
1.15%
25/28
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Gilt funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
0.76%
1.78%
1.02%
₹1,00,760
₹1,01,780
3 years
4.42%
5.49%
1.07% a year
₹1,13,855
₹1,17,391
5 years
4.13%
5.21%
1.08% a year
₹1,22,428
₹1,28,910
10 years
5.59%
6.68%
1.09% a year
₹1,72,277
₹1,90,911
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Kotak Gilt Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 23-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planKotak Gilt Fund (Direct)
₹16,60,000
₹27,60,207
₹11,00,207
7.0%
Regular planKotak Gilt Fund (Regular)
₹16,60,000
₹25,35,938
₹8,75,938
5.9%
Category averageCategory average, 28 Gilt funds
₹16,60,000
₹27,39,509
₹10,79,509
6.9%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planKotak Gilt Fund (Direct)
Regular planKotak Gilt Fund (Regular)
Category averageCategory average, 28 Gilt funds
Amount invested
2014201620182020202220242026
Direct planKotak Gilt Fund (Direct)Regular planKotak Gilt Fund (Regular)Category averageCategory average, 28 Gilt fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Gilt Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
79.5%Debt
Asset
Fund
Category
Debt
79.5%
87.2%
Cash and others
20.5%
12.8%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 28 Gilt funds.
Rating
Fund
Category
Sovereign
79.5%
86.6%
Kotak Gilt Fund Portfolio Holdings
As on 30-09-2026 · 39 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
91 DAYS TREASURY BILL 08/10/2026 · Government security
SOV
16.21%
Central Government - 2065 · Government security
SOV
15.64%
Central Government - 2055 · Government security
SOV
14.54%
91 DAYS TREASURY BILL 01/10/2026 · Government security
SOV
7.26%
91 DAYS TREASURY BILL 22/10/2026 · Government security
SOV
6.04%
Central Government - 2035 · Government security
SOV
4.86%
Bihar State Govt - 2035 - Bihar · State government security
SOV
2.27%
GS CG 06/05/2037 - (STRIPS) · Government security
SOV
1.03%
GS CG 25/05/2034 - (STRIPS) · Government security
SOV
0.86%
GS CG 25/11/2034 - (STRIPS) · Government security
SOV
0.83%
GS CG 22/04/2037 - (STRIPS) · Government security
SOV
0.80%
GS CG 22/04/2039 - (STRIPS) · Government security
SOV
0.78%
GS CG 22/10/2037 - (STRIPS) · Government security
SOV
0.77%
GS CG 22/10/2035 - (STRIPS) · Government security
SOV
0.77%
GS CG 25/11/2036 - (STRIPS) · Government security
SOV
0.72%
GS CG 22/10/2036 - (STRIPS) · Government security
SOV
0.71%
GS CG 15/04/2039 - (STRIPS) · Government security
SOV
0.58%
GS CG 22/10/2039 - (STRIPS) · Government security
SOV
0.56%
GS CG 22/04/2036 - (STRIPS) · Government security
SOV
0.56%
GS CG 06/05/2038 - (STRIPS) · Government security
SOV
0.52%
West Bengal State Govt - 2037 - West Bengal · State government security
SOV
0.45%
GS CG 25/05/2037 - (STRIPS) · Government security
SOV
0.34%
GS CG 25/11/2037 - (STRIPS) · Government security
SOV
0.33%
GS CG 22/04/2038 - (STRIPS) · Government security
SOV
0.32%
GS CG 25/05/2035 - (STRIPS) · Government security
SOV
0.30%
GS CG 06/11/2037 - (STRIPS) · Government security
SOV
0.29%
Tamil Nadu State Govt - 2028 - Tamil Nadu · State government security
SOV
0.25%
Tamil Nadu State Govt - 2054 - Tamil Nadu · State government security
SOV
0.14%
Uttar Pradesh State Govt - 2037 - Uttar Pradesh · State government security
SOV
0.12%
GS CG 25/11/2039 - (STRIPS) · Government security
SOV
0.10%
GS CG 22/10/2038 - (STRIPS) · Government security
SOV
0.10%
Maharashtra State Govt - 2028 - Maharashtra · State government security
SOV
0.10%
Uttar Pradesh State Govt - 2028 - Uttar Pradesh · State government security
SOV
0.10%
Tamil Nadu State Govt - 2032 - Tamil Nadu · State government security
SOV
0.07%
Central Government - 2074 · Government security
SOV
0.06%
Karnataka State Govt - 2032 - Karnataka · State government security
SOV
0.05%
Maharashtra State Govt - 2031 - Maharashtra · State government security
SOV
0.05%
Gujarat State Govt - 2028 - Gujarat · State government security
SOV
0.01%
Central Government - 2050 · Government security
SOV
0.00%
Kotak Gilt Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Kotak Gilt Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.48%
Expense ratio (Regular)
1.49%
Category
Gilt
Risk
Moderate
Benchmark
Nifty All Duration G-Sec Index
Launch date
29-12-1998
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹2,064.97 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119757
ISIN (Direct)
INF174K01KM7
Scheme code (Regular)
100281
ISIN (Regular)
INF174K01FL9
NAV history
From 23-01-2013, 13.8 years
Exit load
Nil
Tax on Kotak Gilt Fund returns
Kotak Gilt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Payout Income Distribution Cum Capital Withdrawal
₹24.2657
30-10-2026
direct
Investment Provident Fund Trust Growth
₹112.9452
30-10-2026
direct
Growth
₹110.273
30-10-2026
regular
Payout Income Distribution Cum Capital Withdrawal
₹11.6034
30-10-2026
regular
Payout Income Distribution Cum Capital Withdrawal
₹18.7335
30-10-2026
regular
Investment Provident Fund Trust Growth
₹98.0828
30-10-2026
regular
Growth
₹95.871
30-10-2026
About Kotak Gilt Fund
Kotak Gilt Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Gilt. It was launched on 29-12-1998. Its benchmark is Nifty All Duration G-Sec Index. At the end of September 2026 it held 39 securities.
The Direct plan NAV is ₹112.9452. The Regular plan NAV is ₹98.0828, as on 30-10-2026.
What are the returns of Kotak Gilt Fund?
The Direct plan returned +1.78% in 1 year, +5.49% a year over 3 years, +5.21% a year over 5 years. The Regular plan returned +0.76% in 1 year, +4.42% a year over 3 years, +4.13% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Kotak Gilt Fund?
The Direct plan charges 0.48% a year. The Regular plan charges 1.49% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Kotak Gilt Fund?
Kotak Gilt Fund managed ₹2,064.97 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Kotak Gilt Fund?
At the end of September 2026 the largest holdings were 91 DAYS TREASURY BILL 08/10/2026 (16.21%), Central Government - 2065 (15.64%), Central Government - 2055 (14.54%), 91 DAYS TREASURY BILL 01/10/2026 (7.26%), 91 DAYS TREASURY BILL 22/10/2026 (6.04%). The fund held 39 securities in all.
How do I invest in Kotak Gilt Fund?
Through Kotak Mahindra Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of Kotak Gilt Fund?
Abhishek Bisen (since 15-04-2008).
What is the exit load of Kotak Gilt Fund?
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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