Kotak Gilt Fund delivers 8.99% CAGR

Hyderabad: Kotak Gilt Fund, India’s first Gilt fund recently completed its 25 years, has delivered a Compound Annual Growth Rate (CAGR) of 8.99 per cent since its inception on December 29, 1998.

Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd (KMAMC), said: “Launched 25 years ago in 1998, it witnessed many rate cycles including no credit loss as investment is in Gilts, to deliver to investors along with daily liquidity. Kotak Gilt fund – Triveni Sangam of Sovereign credit, daily liquidity and 25 years of service to the investors.”