Kotak Gilt Fund: ₹10,000 Put In Three Years Ago Is ₹11,769 Now; Up 2.68% in a Year
Key Highlights
₹10,000 in Kotak Gilt Fund three years ago is ₹11,769 now (3 Nov 2026). 1-year 2.68%, 3-year 5.57% a year.
Returns as of: 3 November 2026
- ₹10,000 put in three years ago is worth ₹11,769 now
- 1-year return: 2.68%, lower than the category average of 2.80%
- 3-year return: 5.57% a year, lower than the category average of 6.13%
- Expense ratio (Direct plan): 0.48%, lower than the category average of 0.50%
- Assets: ₹2,065 crore at 30 September 2026
- Largest holding: 91 DAYS TREASURY BILL 08/10/2026, 16.21% of the fund; the top ten are 69.54%
- Volatility over three years: 3.41% a year
The Kotak Gilt Fund returned 2.68% over the past year, while an investment of ₹10,000 made three years ago is worth ₹11,769 now. This Debt – Gilt Fund maintains an expense ratio of 0.48%. Total assets were ₹2,065 crore at 30 September 2026.
Kotak Gilt Fund: key details
| Fund house | Kotak Mahindra Mutual Fund |
| Category | Debt – Gilt Fund |
| Nifty All Duration G-Sec Index | |
| Expense ratio (Direct plan) | 0.48% |
| Assets | ₹2,065 crore (30 September 2026) |
| Minimum investment | ₹100 |
| ₹100 | |
| Exit load | Nil |
| Fund managers | Abhishek Bisen |
Kotak Gilt Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 0.87% | – | – |
| 1 month | 0.15% | – | – |
| 3 months | −0.54% | – | – |
| 6 months | 2.68% | – | – |
| 1 year (a year) | 2.68% | 2.80% (26 funds) | 11 of 26 |
| 3 years (a year) | 5.57% | 6.13% (24 funds) | 20 of 24 |
| 5 years (a year) | 5.37% | – | – |
The 1-year return of 2.68% for the Kotak Gilt Fund is lower than the category average of 2.80%. Over three years, the fund returned 5.57% a year, which is lower than the category average of 6.13%. Returns for the fund were lower than the category average across both periods.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 2,442 |
| 31 May 2026 | 2,270 |
| 30 June 2026 | 2,257 |
| 31 July 2026 | 2,207 |
| 31 August 2026 | 2,108 |
| 30 September 2026 | 2,065 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 3.41% | 3.06% |
| Largest fall from a high (28 May 2025 to 1 September 2025) | −4.71% | −3.67% |
The fund recorded a volatility of 3.41% a year, which is higher than the category median of 3.06%. The largest fall of the NAV from a high was −4.71% between 28 May 2025 and 1 September 2025. This fall is larger than the category median of −3.67%.
Portfolio: top holdings
| Holding | Sector | Value (₹ crore) | |
|---|---|---|---|
| 91 DAYS TREASURY BILL 08/10/2026 | – | 16.21% | 335 |
| 6.9% Central Government – 2065 | – | 15.64% | 323 |
| 7.24% Central Government – 2055 | – | 14.54% | 300 |
| 91 DAYS TREASURY BILL 01/10/2026 | – | 7.26% | 150 |
| 91 DAYS TREASURY BILL 22/10/2026 | – | 6.04% | 125 |
| 6.48% Central Government – 2035 | – | 4.86% | 100 |
| 6.88% Bihar State Govt – 2035 – Bihar | – | 2.27% | 47 |
| GS CG 06/05/2037 – (STRIPS) | – | 1.03% | 21 |
| GS CG 25/05/2034 – (STRIPS) | – | 0.86% | 18 |
| GS CG 25/11/2034 – (STRIPS) | – | 0.83% | 17 |
| Type | Weight |
|---|---|
| Government Securities | 50.00% |
| Treasury Bills | 29.51% |
| Cash & Cash Equivalents and Net Assets | 20.50% |
The portfolio held 39 securities as of 30 September 2026, with the ten largest holdings accounting for 69.54% of the fund. The largest holding is 91 DAYS TREASURY BILL 08/10/2026 at 16.21%. Government Securities make up 50.00% of the holdings, followed by Treasury Bills at 29.51%.
Objective
The scheme states its objective as follows.
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 of
Government 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 manner allowed by SEBI/RBI in conformity with the guidelines, rules and regulations in this respect.
There is no assurance that the investment objective of the Plan will be achieved. It is however emphasized, that investments under the Plan are made in Government Securities, where there
is no risk of default of payment in principal or interest amount.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Abhishek Bisen | 6 Years |
Kotak Gilt Fund: FAQs
What would ₹10,000 in the Kotak Gilt Fund be worth today?
₹10,000 put into the Direct Growth plan on 3 November 2023 would have been worth ₹11,769 on 3 November 2026. This is what happened over those three years, not a forecast.
What is the return of the Kotak Gilt Fund?
The Direct Growth plan returned 2.68% over one year to 3 November 2026, lower than the category average of 2.80%. Over three years it returned 5.57% a year.
What is the expense ratio of the Kotak Gilt Fund?
The expense ratio of the Direct plan is 0.48%; the average for 26 Direct plans in the category is 0.50%.
How large is the Kotak Gilt Fund?
Its assets were ₹2,065 crore at 30 September 2026.
What are the top holdings of the Kotak Gilt Fund?
At 30 September 2026 the largest holdings were 91 DAYS TREASURY BILL 08/10/2026 (16.21%), 6.9% Central Government – 2065 (15.64%), 7.24% Central Government – 2055 (14.54%). The top ten made up 69.54% of the fund.
Who manages the Kotak Gilt Fund?
The fund is managed by Abhishek Bisen.
What is the minimum investment in the Kotak Gilt Fund?
The minimum investment is ₹100. The minimum is ₹100.
What is the exit load of the Kotak Gilt Fund?
The scheme states its exit load as: Nil
What is the benchmark of the Kotak Gilt Fund?
The scheme’s benchmark is the Nifty All Duration G-Sec Index.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.