KOTAK GILT FUND REVIEW
About Kotak Mutual Fund
Kotak mutual fund is one of the major fund houses in India. It started operation on 23rd June 1998. It is currently headed by Mr. Nilesh Shah, who is the CEO of the Fund house. He has more than two decades of experience in capital markets and market-related investments. The fund house manages an AUM of Rs 161072.40 cr.
About Kotak Gilt Fund
It is a debt mutual fund that was launched by Kotak Mahindra mutual fund. Later on, it was introduced on 21st Jan 2013 to its investors. Currently, the fund is managed by Abhishek Bisen. Talking about AUM, it is of INR 449 Cr, and, the latest NAV is of INR 80.08 (dated as of 23rd April 2020). The fund growth is rated moderate risk. Also, the minimum SIP investment is INR 1000, and, the minimum lumpsum investment is INR 5000.
The objective is to generate risk-free returns through investments in sovereign securities that is issued by the Central and/or State Government.
Returns are taxed as per the Income Tax Slab, only if sold before 3 years.
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