Markets / Mutual funds / Gilt
Kotak Mahindra Mutual Fund · Debt fund · Direct plan · IDCW
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, Triparty repo on Government securities or treasury bills 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 Unitholders' 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.
Bars: this plan; the thin mark is the Gilt average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.2 | |||||||||||
| 2025 | +0.9 | -0.6 | +3.0 | +2.1 | +0.2 | -3.5 | +1.1 | -3.1 | +0.6 | +0.3 | -0.4 | +0.7 |
| 2026 | -0.2 | +0.7 | -2.3 | +1.3 | +0.3 | +3.1 | -0.1 | -0.2 | -0.4 | -0.6 | +1.7 |
Each month's change in NAV (the current month to the latest NAV).
Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.
| Holding | % of fund |
|---|---|
| Triparty Repo | 19.55% |
| 91 DAYS TREASURY BILL 08/10/2026 IN002026X149 | 16.21% |
| Central Government - 2065 IN0020250018 | 15.64% |
| Central Government - 2055 IN0020250075 | 14.54% |
| 91 DAYS TREASURY BILL 01/10/2026 IN002026X131 | 7.26% |
| 91 DAYS TREASURY BILL 22/10/2026 IN002026X164 | 6.04% |
| Central Government - 2035 IN0020250091 | 4.86% |
| Bihar State Govt - 2035 - Bihar IN1320250013 | 2.27% |
| GS CG 06/05/2037 - (STRIPS) IN000537C018 | 1.03% |
| Net Current Assets/(Liabilities) | 0.96% |
| GS CG 25/05/2034 - (STRIPS) IN000534C023 | 0.86% |
| GS CG 25/11/2034 - (STRIPS) IN001134C021 | 0.83% |
| GS CG 22/04/2037 - (STRIPS) IN000437C037 | 0.80% |
| GS CG 22/04/2039 - (STRIPS) IN000439C033 | 0.78% |
| GS CG 22/10/2037 - (STRIPS) IN001037C034 | 0.77% |
| GS CG 22/10/2035 - (STRIPS) IN001035C038 | 0.77% |
| GS CG 25/11/2036 - (STRIPS) IN001136C026 | 0.72% |
| GS CG 22/10/2036 - (STRIPS) IN001036C036 | 0.71% |
| GS CG 15/04/2039 - (STRIPS) IN000439C041 | 0.58% |
| GS CG 22/10/2039 - (STRIPS) IN001039C030 | 0.56% |
| GS CG 22/04/2036 - (STRIPS) IN000436C039 | 0.56% |
| GS CG 06/05/2038 - (STRIPS) IN000538C016 | 0.52% |
| West Bengal State Govt - 2037 - West Bengal IN3420210186 | 0.45% |
| GS CG 25/05/2037 - (STRIPS) IN000537C026 | 0.34% |
| GS CG 25/11/2037 - (STRIPS) IN001137C024 | 0.33% |
| GS CG 22/04/2038 - (STRIPS) IN000438C035 | 0.32% |
| GS CG 25/05/2035 - (STRIPS) IN000535C020 | 0.30% |
| GS CG 06/11/2037 - (STRIPS) IN001137C016 | 0.29% |
| Tamil Nadu State Govt - 2028 - Tamil Nadu IN3120180044 | 0.25% |
| Tamil Nadu State Govt - 2054 - Tamil Nadu IN3120230468 | 0.14% |
| Uttar Pradesh State Govt - 2037 - Uttar Pradesh IN3320220053 | 0.12% |
| Uttar Pradesh State Govt - 2028 - Uttar Pradesh IN3320180026 | 0.10% |
| Maharashtra State Govt - 2028 - Maharashtra IN2220180052 | 0.10% |
| GS CG 25/11/2039 - (STRIPS) IN001139C020 | 0.10% |
| GS CG 22/10/2038 - (STRIPS) IN001038C032 | 0.10% |
| Tamil Nadu State Govt - 2032 - Tamil Nadu IN3120220097 | 0.07% |
| Central Government - 2074 IN0020240142 | 0.06% |
| Maharashtra State Govt - 2031 - Maharashtra IN2220220197 | 0.05% |
| Karnataka State Govt - 2032 - Karnataka IN1920200269 | 0.05% |
| Gujarat State Govt - 2028 - Gujarat IN1520180044 | 0.01% |
| Central Government - 2050 IN0020200252 | 0.00% |
From the fund house's monthly portfolio (kotakmf.com), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.
Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 May 2016).
| Fund size (average AUM, July - September 2026) | ₹2,166 cr across all plans · this plan ₹1.39 cr |
| Fund house | Kotak Mahindra Mutual Fund |
| Category | Debt · Gilt |
| Plan | Direct |
| Option | IDCW |
| Expense ratio (TER) | Direct 0.49% · Regular 1.49% (3 Nov 2026) |
| Minimum investment | ₹100 · additional ₹100 |
| Scheme code (AMFI) | 119758 |
| ISIN | INF174K01KF1 |
| NAV date | 6 Nov 2026 |
Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.
| Plan | NAV | 1 year |
|---|---|---|
| Direct · Growth | ₹97.4394 | +2.47% |
| Direct · Growth | ₹114.8150 | +3.51% |
| Direct · Growth | ₹112.0985 | +3.51% |
| Direct · IDCW | ₹19.0399 | +2.47% |
| Regular · Growth | ₹99.6874 | +2.47% |
| Regular · IDCW | ₹11.7932 | +0.63% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| Bandhan Gilt Fund | +7.29% | +8.29% |
| ICICI Prudential Gilt Fund | +3.80% | +6.87% |
| BARODA BNP PARIBAS GILT FUND | +3.01% | +6.77% |
| UTI - Gilt Fund | +4.31% | +6.73% |
| SBI GILT FUND | +3.93% | +6.70% |
| DSP Gilt Fund | +2.87% | +6.62% |
| Invesco India Gilt Fund | +2.63% | +6.55% |
| Nippon India Gilt Fund | +3.66% | +6.53% |
Information only, not investment advice.
₹24.6674 as of 6 Nov 2026, from AMFI's official NAV data.
1 year: 3.39%, 3 years: 5.01% a year, 5 years: 5.01% a year
Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.