NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹89.45
-0.04%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
government bond
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
government bond
debt
5.93%p.a.
Last 1Y
4.73%p.a.
Last 3Y
6.85%p.a.
Last 5Y
7.26%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 2,983.54 Cr fund under management as on Apr 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 5.9% 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
7.18% Govt Stock 2037
38.79%
7.3% Govt Stock 2053
14.16%
7.25% Govt Stock 2063
13.43%
8.25% Govt Stock 2033
8.55%
6.8% Govt Stock 2060
6.62%
India (Republic of) 0.071%
3.85%
Maharashtra (Government of) 0.0745%
2.68%
Maharashtra (Government of) 0.0745%
1.71%
8.1% Govt Stock 2034
1.68%
8.12% Govt Stock 2031
1.18%
Fund Managers
- Abhishek Bisen (Apr 2008 - Present)
- Vihag Mishra (Apr 2022 - Present)
Key Information
View Scheme Document
Kotak Gilt Investment Fund Provident Fund and Trust Growth SIP Calculator
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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 Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% 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
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