• Mutual Funds
  • Kotak Mutual Fund
  • Kotak Gold Fund (Growth)

Formerly Kotak Gold Gr

Kotak Mutual Fund

Kotak Gold Fund (Growth)

Precious MetalsGold

Recommended

Top Ranked

21.1037

NAV (Nov 25)

11.3%
5 Year CAGR
Scripbox Opinion
Recommended
Kotak Gold Fund (Growth) is recommended for investment within gold mutual funds.

Gold funds provides inflation beating growth over the long term and is suitable for investment objectives with duration specific to the chosen fund.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Good

The performance of the fund on a Fund Size metric has been Good

Long Term Performance

Category Leader

The fund has been a Category Leader on the Long Term Performance metric

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

21.1037

NAV (Nov 25)

Fund Returns

Last 1Y

7.9%

Last 3Y

10.2%

Last 5Y

11.3%

Last 10Y

3.6%

Since Inception

6.6%

6 Month CAGR

1.3%

Scheme Information

Investment Objective

The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Fund.

Expense Ratio

0.53

Launched (11y ago)

Mar 25, 2011

AUM in Crores

1275.054

ISIN

INF174K01AT3

Lock-in

No Lock-in

Benchmark

Price of Gold TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Standard Deviation (3yr)

13

Standard Deviation (5yr)

12.8

Beta (3yr)

0

Beta (5yr)

0

Sharpe Ratio (3yr)

0.343

Sharpe Ratio (5yr)

0.452

YTM

0

Fund Managers

Jeetu Sonar

Fund Manager

Abhishek Bisen

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2022-11-25

Top Stock Holdings

kotak gold etf

98.5%
98.5%

triparty repo

1.7%
1.7%

net current assets/(liabilities)

0.2%
0.2%
See all holdings

Compare Kotak Gold Fund (Growth)

Fund NameFund SizeLong Term Performance
Kotak Gold Fund (G)
Kotak Gold Fund (G)

₹ 1,275 cr

₹ 1,289 cr

₹ 1,275 cr

₹ 1,275 cr

₹ 259 cr

About the AMC

Kotak Mahindra Asset Management Co Ltd

Kotak Mahindra Asset Management Co Ltd manages assets worth 290,015 crores and was set up on 5 August 1994. It's current offering of mutual fund schemes includes 40 equity,171 debt and 19 hybrid funds.

amc-img

  • 022-66384444
  • fundaccops@kotakmutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    10.2%

    6.6%

    -

    -2%

    10.2%

    6.6%

    10.2%

    6.6%

    5.1%

    7.2%

    Kotak Gold Fund (Growth) is an open ended Fund of Funds Scheme investing in Units of Kotak Gold Exchange Traded Fund. The returns earned on the Kotak Gold Fund (Growth) are in line with physical gold over the medium to long term, subject to tracking error. Hence, the scheme’s performance is completely dependent on the performance of the Kotak Gold Exchange Traded Fund. The prescribed asset allocation for the scheme is 95% to 100% towards Units of Kotak Gold Exchange Traded Fund. The remaining asset allocation of the corpus is towards fixed income securities such as Reverse repo and /or Triparty Repo on Government Securities or Treasury Bills and/or short-term fixed deposits and /or money market instruments. 

    Investment Objective of Kotak Gold Fund (Growth)

    The investment objective of Kotak Gold Fund (Growth) is to  generate returns by investing in units of Kotak Gold Exchange Traded Funds (ETFs). However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. In agreement with the investment objectives, the asset allocation of the corpus is towards Units of Kotak Gold Exchange Traded Fund and fixed income securities. 

    Scheme Details of Kotak Gold Fund (Growth)

    Kotak Mutual Fund launched the Kotak Gold Fund (Growth) on March 25, 2011. The fund has been in existence for the past 11 years. 

    NAV and Returns – The NAV of the fund as of 8th April 2022 is Rs  21.05. The risk-o-meter of the fund is moderately high. Hence, an investor must understand that their principal investment amount will be at moderately high risk. Owing to the fund’s objective, it invests a minimum of 95% of its assets in units of Kotak Gold ETF. Since its inception, the scheme has delivered a return of 7%.

    Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000. For a SIP the minimum investment amount is Rs 1,000.

    Plans and Options – The scheme provides direct as well as regular investment plans. The payout options are Income Distribution cum capital withdrawal option (IDCW), Reinvestment of Income Distribution cum capital withdrawal option (IDCW) & Growth (applicable for all plans).

    Expense Ratio and Exit Load – The fund charges an expense ratio of 0.53% on the units of the mutual funds. The fund charges an exit load. The investor can redeem 6% of the units before the expiry of 1 year from the date of allocation. An exit load of 1% is applicable for the redemption of units in excess of this 6% of the units within 1 year from the date of allotment of units of the fund. Moreover, the redemption of units would be done on a First in First out Basis (FIFO). The investors of the Scheme will bear dual recurring expenses and possibly dual loads, viz, those of the Scheme and those of the underlying Scheme. As a result, the pre-tax returns received by investors under the Scheme may be lower than those obtained by investing directly in the underlying Schemes in the same amounts.

    Fund Manager – Abhishek Bisen manages the fund. Mr. Bisen is a BA in Finance and an MBA in Finance. Before joining Kotak Mutual Fund, he worked at Securities Trading Corporation Of India Ltd, where he was responsible for Fixed Income Product Sales and Trading as well as Portfolio Advisory. He also has 2 years of merchant banking expertise with a renowned merchant banking organization under his belt.

    Other Details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 8th April 2022, the AUM of Kotak Gold Fund (Growth) is Rs 1,264.416 cr. The fund benchmarks to Price of Gold TR INR. This fund is meant for investors with a minimum investment horizon of 5 years. 

    Growth Review of Kotak Gold Fund (Growth)

    Scripbox recommends Kotak Gold Fund (G) for investment within the gold mutual fund category. A gold mutual fund invests primarily in either gold exchange traded funds or stocks of companies that are engaged in mining, refining, or marketing gold and/or gold products.

    Moreover, the fund is suitable for an investment duration of 5 years or longer to fulfil these investment goals. 

    Kotak gold fund tracks performance of Gold. The fund invests in units of Kotak Gold Exchange Traded Fund. The fund is one of the largest assets under management funds in the category. Its AUM stood at Rs 1224 Cr as of Feb 2022.

    According to scripbox selection methodology, the fund got the highest quarterly outperformance count among all funds in the category. It’s a parameter that is considered to measure the consistency of funds’ performance. In addition, the fund has a low expense ratio.

    This gold fund has delivered a compounded annual growth rate (CAGR) of 13% return during the last four-year period. This is much better than other gold schemes in the same period

    1. With the existence of 11 years, the fund has a sufficient history for analysis of past performance. Moreover, the fund’s track record is good. 
    2. With an AUM or relative size of Rs 1,264.416 cr, the scheme’s relative size is medium within the category of the gold mutual fund.
    3. Over these years, the fund has performed relatively moderately in comparison to other funds within the category of a gold mutual fund.

    Fund Performance

    Annualised Returns

    PeriodReturns
    10 Years4.90%
    5 Years11.20%
    3 Years16.30%
    1 Year9.90%
    The above mentioned data is as of 8th April 2022

    Performance Ratio

    Standard Deviation15.25%
    Beta(0.07)
    Treynor’s Ratio(1.86)
    Sharpe Ratio0.85
    The above mentioned data is as of 8th April 2022

    Asset Allocation

    Asset Type (Gold vs Others)Weightage
    Kotak Gold ETF98.40%
    Triparty Repo1.80%
    Net Current Assets / Liabilities0.20%
    The above mentioned data is as of 8th April 2022

    Frequently Asked Questions

    Who should invest in Kotak Gold Fund (Growth)?

    The scheme’s investment goal is to create returns by purchasing units of Kotak Gold Exchange Traded Funds (ETFs). To meet its investment goal, the scheme will primarily invest in Kotak Gold ETF units. According to the asset allocation, the scheme will also invest in debt and money market securities. The investment strategy would be primarily passive. The AMC will make every effort to ensure that the returns of the Kotak Gold Fund match those of the underlying ETF. Hence, it is suitable for an investor who seeks exposure to gold. Moreover, it is suitable for investment objectives with a duration specific to the chosen fund.

    What is the NAV of Kotak Gold Fund (Growth)?

    The NAV of Kotak Gold Fund (Growth) as of 8th April 2022 is Rs  21.05.

    What is the expense ratio of Kotak Gold Fund (Growth)?

    The Kotak Gold Fund (Growth) charges an expense ratio of 0.53% on the units of the mutual funds. 

    Does Kotak Gold Fund (Growth) charge exit load?

    The Kotak Gold Fund (Growth) charges an exit load. The investor can redeem 6% of the units before the expiry of 1 year from the date of allocation. An exit load of 1% is applicable for the redemption of units in excess of this 6% of the units within 1 year from the date of allotment of units of the fund. Moreover, the redemption of units would be done on a First in First out Basis (FIFO).

    What is the tax on Kotak Gold Fund (Growth)?

    On redemption of the units of Kotak Gold Fund (Growth) capital gain arises for the purpose of taxation. Capital gain is taxable as per the holding period of the capital asset which is the units of the fund. Since the fund is not equity oriented the holding period for the fund is 3 years for the purpose of long term and short term gains. If the units are sold after the expiry of 3 years the long term capital gain arises. Long term capital gain is taxable at a flat rate of 20% after providing the benefit of indexation. If the taxpayer sells the units before 3 years then short term capital gain arises. The short term capital gain is taxable at the slab rate. Hence the gain is added to the gross total income for the financial year. 

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