Kotak Gilt Fund NAV at ₹24.58: Moderate Risk Debt Investment
By Business Desk
Kotak Gilt Investment Direct-IDCW Quarterly fund’s NAV reached ₹24.58 on July 21, 2026. Explore its moderate risk profile, ₹2257.15 crore AUM, and 0.48% expense ratio.
The Kotak Gilt Investment Direct-IDCW Quarterly mutual fund recorded a Net Asset Value (NAV) of Rs 24.58 for its Direct plan’s IDCW Quarterly option as of July 21, 2026. This fund aims to generate risk-free returns primarily through investments in sovereign securities, with a portion allocated to the interbank money market for liquidity.
Launched on January 1, 2013, the fund has been managed by Viral Chhadva since March 2026 and is benchmarked against the NIFTY All Duration G-Sec Index. It falls under the Debt: Gilt category, carrying a moderate risk rating.
Key Fund Metrics
The fund manages Assets Under Management (AUM) worth Rs 2257.15 crore as of June 30, 2026. Its Direct plan operates with an expense ratio of 0.48% and has no exit load.
Performance metrics show trailing returns of 1.94% over 1 year, 6.21% over 3 years, and 6.04% over 5 years. Since its inception, the fund has delivered a return of 7.89%.
Portfolio and Risk Profile
The portfolio allocation predominantly consists of Government Backed securities, accounting for 98.03% of holdings. The fund maintains an average maturity of 17.58 years and a modified duration of 8.9983 years.
Risk ratios indicate higher volatility and lower risk-adjusted returns compared to the category average. The Standard Deviation stands at 4.34 against a category average of 3.84, while the Sharpe Ratio is 0.12 compared to the category average of 0.27. The Mean Return is 6.34, below the category average of 6.82.
Navigating Tax Implications
For investments made after April 1, 2023, capital gains are added to the investor’s total income and taxed at their applicable slab rate. This simplifies the taxation structure for newer investments.
For investments made before April 1, 2023, gains redeemed within three years are taxed at the investor’s slab rate. However, gains redeemed after three years benefit from indexation and are taxed at a rate of 20%.
Dividend income distributed by the fund is also added to the investor’s income and taxed according to their slab. A 10% TDS is deducted by the fund house for dividend income exceeding Rs 5,000 in a financial year.