NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Gilt Investment Fund Provident Fund and Trust Growth for NRI [94.88]

Min Investment

100

Fund Size

4,109.47 Cr

Expense Ratio

1.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

94.88

0.14%

NAV as on 04 Nov 24, 12:00 AM

low to moderate risk

government bond

debt

NAV as on 04 Nov 24, 12:00 AM

low to moderate risk

government bond

debt

9.72%p.a.

Last 1Y

5.85%p.a.

Last 3Y

6.63%p.a.

Last 5Y

7.30%p.a.

Since Inception

About Kotak Gilt Investment Fund Provident Fund and Trust Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Gilt Investment Fund Provident Fund and Trust Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Nov 2003, Kotak Gilt Investment Fund Provident Fund and Trust Growth is Government Bond fund of its category with 4,109.47 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • Kotak Gilt Investment Fund Provident Fund and Trust Growth delivered 9.7% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
  • Kotak Gilt Investment Fund Provident Fund and Trust Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

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.

Top 10 Holdings

7.30 Goi 19062053

24.36%

7.34% Govt Stock 2064

21.66%

7.25% Govt Stock 2063

19.68%

7.46% Govt Stock 2073

9.90%

07.09 Goi 05082054

6.16%

07.18 Goi 24072037

5.05%

6.8% Govt Stock 2060

5.00%

07.32 Goi 2030

1.25%

Tamil Nadu (Government of) 0.0738%

0.58%

07.95 FERT BND 2026

0.29%

Fund Managers

  1. Abhishek Bisen (Apr 2008 - Present)

Key Information

View Scheme Document

Kotak Gilt Investment Fund Provident Fund and Trust Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Kotak Gilt Investment Fund Provident Fund and Trust Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Kotak Gilt Investment Fund Provident Fund and Trust Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Kotak Gilt Investment Fund Provident Fund and Trust Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions