MonitorDirect · GrowthWatch before adding
Kotak Gilt Fund
Kotak Mahindra Mutual FundDebt Scheme - Gilt Fund13.8 years
The scheme seeks to generate risk-free returns through investments in sovereign securities. The savings plan (D) will provide regular dividend payouts. A portion of the fund will be invested in inter bank money market in order to meet the liquidity requirement.
- NAV
- 113.0574
- 29 Oct 2026
- 1Y
- +1.4%
- Trailing CAGR
- AUM
- ₹2,064.97 Cr
- 30 Sept 2026
- Volatility
- Low
- 4.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 58% of rolling 3-year windows.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer DSP Gilt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.48% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -13.3%. Ask whether you can hold through a similar fall.
Vs category
Pass
58% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Abhishek Bisen · 13.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 88.4% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+1.4%
- 3Y+5.5%
- 5Y+5.2%
- 10Y+6.7%
- SI+7.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.8%
- 3Y+3.3%
- 5Y+4.9%
- 10Y+6.2%
- Since inception
- +7.6%
- Calendar-day CAGR
- Excess 1Y
- -0.4%
- Category median, same plan and option
- 3Y win rate
- +58%
- Windows beating the median
- 3Y percentile
- 10
- Vs comparable share classes
- SIP 3Y XIRR
- +3.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.8%
- 2604 daily-ending windows
- Median rolling 3Y
- +8.1%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2121 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -13.3%
- Worst peak-to-trough
- Current
- -2.2%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +80%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 236 recovered episodes
- Longest recovery
- 392 days
- Trough to prior peak
27 May 2013 – 15 Sept 2014
Trough 19 Aug 2013 · recovered in 392 days
-13.3%
24 Nov 2016 – 7 Jun 2017
Trough 10 Mar 2017 · recovered in 89 days
-5.9%
28 May 2025 – 29 Jun 2026
Trough 1 Sept 2025 · recovered in 301 days
-4.7%
6 Sept 2017 – 5 Apr 2018
Trough 22 Feb 2018 · recovered in 42 days
-4.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
10
Vs category
48
Consistency
53
Risk-adjusted
45
Drawdown
67
Mean
45
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- The fund beat the category median in 58% of rolling 3-year windows.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 40 holdings · top 10 are 88.4%.
- Top 5
- 73.2%
- Top 10
- 88.4%
- Largest holding
- 19.6%
- Effective holdings
- 8.1
Repo
Unspecified
19.6%
GOVERNMENT OF INDIA 37642 091 DAYS TBILL 08OT26 FV RS 100
Financial
16.2%
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100
Entities
15.6%
GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100
Entities
14.5%
GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100
Financial
7.3%
What changed
DECISION
Status moved from REVIEW to MONITOR.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
DSP Gilt Fund
DSP Mutual Fund
- 1Y
- +1.5%
- 3Y
- +6.4%
- Vol
- 3.9%
- Max DD
- -7.6%
- Sharpe
- 0.47
- 3Y win
- +68%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
ICICI Prudential Gilt Fund
ICICI Prudential Mutual Fund
- 1Y
- +1.7%
- 3Y
- +6.2%
- Vol
- 4.4%
- Max DD
- -12.3%
- Sharpe
- 0.52
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
JM G-Sec Fund - (Direct) Annual
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.73
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
JM G-Sec Fund - (Direct) Half Yearly
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.73
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
JM G-Sec Fund - Annual
JM Financial Asset Management Limited
- 1Y
- +12.2%
- 3Y
- +6.4%
- Vol
- 4.4%
- Max DD
- -5.6%
- Sharpe
- 0.55
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns