Bibzbits

K-Gilt of Kotak MF collects Rs 200 cr

MUMBAI: K-GILT, the country’s first retail gilt scheme from Kotak Mahindra Asset Management Company, has crossed the Rs 200-crore mark in a short span of four months. K-Gilt, which went open-ended on January 5, 1999, has given a return of 11.3 per cent per annum till May 4 under its savings plan. The return on the investment plan was about 13 per cent. K-Gilt invests only in government securities which makes it a virtually risk-free investment vehicle for retail investors. With zero risk, the returns are relatively very attractive. K-Gilt is currently the only vehicle through which small investors can invest in government securities.