Kotak Gilt Investment Fund

Portfolio manager Abhishek Bisen has been with the fund house since October 2006. He is backed by an eight-member investment team. The presence of the fixed-income head--Lakshmi Iyer--is a big positive, and her contribution gives the team an edge. Duration play and yield-curve positioning are the main sources of return. The investment process is research based with an overlay of active trading executed through government securities. The strategy’s edge resides in the team’s ability to use macro views based on its research and then develop strong conviction and position the portfolio across the yield curve. The investment team incorporates views of economists and sell-side research analysts. The interest-rate direction is determined by conducting a detailed analysis of various factors such as gross domestic product, international investment position, credit and deposit...