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Table of Contents
- Long Term Debt Funds- A Plan for Long Term Investment
- Returns and Risk
- Long Term Debt Funds Taxation
- How to Invest in Long Term Bond Funds?
- Best Long Term Bond Funds to Invest in 2024
- How to Invest in Long Term Bonds Online?
Top 10 Funds
- IDFC Government Securities Fund - Investment Plan
- ICICI Prudential Corporate Bond Fund
- Axis Gilt Fund
- ICICI Prudential Gilt Fund
- Invesco India Gilt Fund
- Aditya Birla Sun Life Corporate Bond Fund
- DSP BlackRock Government Securities Fund
- HDFC Corporate Bond Fund
- Aditya Birla Sun Life Government Securities Fund
- Edelweiss Government Securities Fund
Long Term Debt Funds- When Should You Invest?
Long term debt funds are a type of Debt Mutual Funds that invest in corporate Bonds and government securities (g-secs) that have a long-term maturity period. The average maturity of these funds is in excess of 3 years, most of the times. That is why, these funds are suitable for investors who wish to make a mid to long term Investment plan i.e., typically for 3-5 years or even more. Let's understand how long term debt funds works and what are the best long term bonds funds to invest in 2024.
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Long Term Debt Funds- A Plan for Long Term Investment
Long term debt funds invest their major Underlying asset in debt instruments like corporate Debentures, bonds and money market instruments & government securities with a higher maturity period. Investors should invest in long term debt funds if they have an investment time frame of more than 3 years. Also, this fund is only suitable for investors who are willing to take some level of risk in the investment.
Long term debt funds are sensitive to changes in the interest rate and are more volatile than other categories of debt funds. Interest rates and prices of the debt instruments have an inverse relationship, which means that they move in opposite directions. For instance, a falling interest rate is good for debt funds or bond funds. Long term Income funds usually benefit when the interest rates are moving downwards. Moreover, during interest rate falls, the bond prices go up and this boost NAVs of the Debt fund schemes.
In a falling interest rate scenario, the average maturities of such bonds can go up to around 7-10 years. When the interest rates rise, they stock up lower tenured securities and keep the Portfolio’s average maturity low.
Mostly, it is advisable to invest in long term bond funds when the interest rates are expected to ease down because a decrease in the interest rates causes a rise in the prices of long-term securities. Investors who are comfortable with fluctuating interest rates in the Market, should only prefer Investing in long term debt funds.
Returns and Risk
These funds are meant to give returns in excess of Bank fixed deposits. Furthermore, if held for more than three years, the returns are more tax efficient. But, on the risk side, these funds can get volatile when the interest rates suddenly change direction. In a sustained rising interest rate regime, these funds give modest returns as they cannot sell long-dated bonds and switch to shorter tenured scripts.
Long Term Debt Funds Taxation
Tax implication on debt funds is computed in the following manner-
Short Term Capital Gains
If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.
Long Term Capital Gains
If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.
| Capital Gains | Investment Holding Gains | Taxation |
|---|---|---|
| Short Term Capital Gains | Less than 36 months | As per individual's tax slab |
| Long Term Capital Gains | More than 36 months | 20% with indexation benefits |
How to Invest in Long Term Bond Funds?
Investors can invest in two ways— SIP or Lump sum. For average investors, SIP (Systematic Investment Plan) is the most viable option. It gives you a systematic option of investing monthly/quarterly/annually Basis. In a lump sum, investors have to invest a considerable amount as a one-time down payment in the scheme. The minimum investment amount for a lump sum is INR 5000, whereas for a SIP it is INR 500.
Best Long Term Bond Funds to Invest in 2024
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity IDFC Government Securities Fund - Investment Plan Growth ₹32.334
↑ 0.06 ₹1,661 5,000 1,000 1.5 6.3 7.5 5 6.8 7.24% 11Y 7M 10D 27Y 9M 29D ICICI Prudential Corporate Bond Fund Growth ₹27.1734
↑ 0.02 ₹26,230 5,000 100 1.9 3.8 7.4 5.9 7.6 7.92% 2Y 3M 14D 4Y 2M 23D Axis Gilt Fund Growth ₹23.1907
↑ 0.04 ₹286 5,000 1,000 2 5.4 7.4 5.1 7.1 7.2% 7Y 6M 11D 13Y 7D ICICI Prudential Gilt Fund Growth ₹93.3359
↑ 0.14 ₹4,865 5,000 1,000 1.7 3.9 7.4 5.9 8.3 7.51% 4Y 11M 5D 9Y 6M 11D Invesco India Gilt Fund Growth ₹2,594.77
↑ 4.88 ₹328 5,000 100 1.5 5.7 7.4 4.8 6.6 7.25% 10Y 2M 8D 22Y 4M 20D Aditya Birla Sun Life Corporate Bond Fund Growth ₹102.505
↑ 0.08 ₹21,135 1,000 100 1.8 4 7.3 5.7 7.3 7.68% 3Y 7M 2D 5Y 6M 14D DSP BlackRock Government Securities Fund Growth ₹87.3173
↑ 0.15 ₹755 1,000 500 1.3 5.4 7.3 5.5 7.1 7.27% 10Y 1M 24D 22Y 9M 4D HDFC Corporate Bond Fund Growth ₹29.5652
↑ 0.01 ₹28,499 5,000 300 1.9 4 7.2 5.5 7.2 7.73% 3Y 8D 5Y 2M Aditya Birla Sun Life Government Securities Fund Growth ₹74.4531
↑ 0.11 ₹1,369 1,000 1,000 1.6 5.2 7 5.2 7.1 7.24% 8Y 5M 1D 15Y 11M 5D Edelweiss Government Securities Fund Growth ₹22.5101
↑ 0.04 ₹139 5,000 1,000 1.7 5.7 7 5.1 6.2 7.21% 8Y 9M 4D 15Y 11M 6D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 May 24
IDFC – GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing in Government Securities.However there is no assurance that the investment objective of the scheme will be realized. IDFC Government Securities Fund - Investment Plan is a Debt - Government Bond fund was launched on 3 Dec 08. It is a fund with Moderate risk and has given a Below is the key information for IDFC Government Securities Fund - Investment Plan Returns up to 1 year are on (Erstwhile ICICI Prudential Ultra Short Term Plan) ICICI Prudential Ultra Short Term Plan is an open-ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield. However, there can be no assurance that the investment objective of the scheme will be realized. ICICI Prudential Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 11 Aug 09. It is a fund with Moderately Low risk and has given a Below is the key information for ICICI Prudential Corporate Bond Fund Returns up to 1 year are on (Erstwhile Axis Constant Maturity 10 Year Fund) To generate returns similar to that of 10 year government bonds. Axis Gilt Fund is a Debt - Government Bond fund was launched on 23 Jan 12. It is a fund with Moderate risk and has given a Below is the key information for Axis Gilt Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Long Term Gilt Fund) To generate income through investment in Gilts of various maturities. ICICI Prudential Gilt Fund is a Debt - Government Bond fund was launched on 19 Aug 99. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Gilt Fund Returns up to 1 year are on The objective of the Scheme is to generate optimal returns by investing in a portfolio of securities issued and guaranteed by Central and State Government. Invesco India Gilt Fund is a Debt - Government Bond fund was launched on 9 Feb 08. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Gilt Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Short Term Fund) An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. Aditya Birla Sun Life Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 3 Mar 97. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Corporate Bond Fund Returns up to 1 year are on The Scheme aims to generate returns through investments in Central Govt Securities. DSP BlackRock Government Securities Fund is a Debt - Government Bond fund was launched on 30 Sep 99. It is a fund with Moderate risk and has given a Below is the key information for DSP BlackRock Government Securities Fund Returns up to 1 year are on (Erstwhile HDFC Medium Term Opportunities Fund) To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with
maturities not exceeding 60 months. HDFC Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 29 Jun 10. It is a fund with Moderately Low risk and has given a Below is the key information for HDFC Corporate Bond Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Gilt Plus Fund - PF Plan) An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. Aditya Birla Sun Life Government Securities Fund is a Debt - Government Bond fund was launched on 12 Oct 99. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Government Securities Fund Returns up to 1 year are on The investment objective of the Scheme is to generate income through investment in Securities of various maturities issued and/or created by the Central Government and State Governments of India. However, there can be no assurance that the investment objectives of the Scheme will be realized Edelweiss Government Securities Fund is a Debt - Government Bond fund was launched on 13 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for Edelweiss Government Securities Fund Returns up to 1 year are on 1. IDFC Government Securities Fund - Investment Plan
CAGR/Annualized return of 7.9% since its launch. Ranked 14 in Government Bond category. Return for 2023 was 6.8% , 2022 was 1.4% and 2021 was 2.1% . IDFC Government Securities Fund - Investment Plan
Growth Launch Date 3 Dec 08 NAV (15 May 24) ₹32.334 ↑ 0.06 (0.20 %) Net Assets (Cr) ₹1,661 on 31 Mar 24 Category Debt - Government Bond AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.24 Sharpe Ratio 0.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.24% Effective Maturity 27 Years 9 Months 29 Days Modified Duration 11 Years 7 Months 10 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,758 30 Apr 21 ₹12,503 30 Apr 22 ₹12,804 30 Apr 23 ₹13,449 30 Apr 24 ₹14,311 Returns for IDFC Government Securities Fund - Investment Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1.6% 3 Month 1.5% 6 Month 6.3% 1 Year 7.5% 3 Year 5% 5 Year 7.6% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 2022 1.4% 2021 2.1% 2020 13.7% 2019 13.3% 2018 7.8% 2017 3.1% 2016 13.9% 2015 6% 2014 16.5% Fund Manager information for IDFC Government Securities Fund - Investment Plan
Name Since Tenure Suyash Choudhary 15 Oct 10 13.55 Yr. Sreejith Balasubramanian 31 Aug 23 0.67 Yr. Data below for IDFC Government Securities Fund - Investment Plan as on 31 Mar 24
Asset Allocation
Asset Class Value Debt 105.57% Debt Sector Allocation
Sector Value Government 105.57% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -104% ₹1,896 Cr 188,900,000
↑ 43,200,000 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹38 Cr 3,800,000
↓ -9,600,000 7.17% Govt Stock 2028
Sovereign Bonds | -0% ₹0 Cr 6,300 Net Current Assets
Net Current Assets | -14% -₹264 Cr Triparty Repo
CBLO/Reverse Repo | -9% ₹161 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr 2. ICICI Prudential Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Ranked 7 in Corporate Bond category. Return for 2023 was 7.6% , 2022 was 4.5% and 2021 was 4.1% . ICICI Prudential Corporate Bond Fund
Growth Launch Date 11 Aug 09 NAV (15 May 24) ₹27.1734 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹26,230 on 31 Mar 24 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 1.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.92% Effective Maturity 4 Years 2 Months 23 Days Modified Duration 2 Years 3 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,944 30 Apr 21 ₹11,913 30 Apr 22 ₹12,364 30 Apr 23 ₹13,153 30 Apr 24 ₹14,132 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.4% 3 Year 5.9% 5 Year 7.2% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.6% 2022 4.5% 2021 4.1% 2020 10.4% 2019 9.9% 2018 6.4% 2017 6.3% 2016 9.8% 2015 8.8% 2014 9.4% Fund Manager information for ICICI Prudential Corporate Bond Fund
Name Since Tenure Manish Banthia 22 Jan 24 0.19 Yr. Ritesh Lunawat 22 Jan 24 0.19 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 6.01% Debt 93.77% Other 0.22% Debt Sector Allocation
Sector Value Corporate 56.34% Government 37.4% Cash Equivalent 6.01% Securitized 0.03% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -15% ₹4,023 Cr 402,190,510
↑ 51,538,460 8.25% Govt Stock 2033
Sovereign Bonds | -9% ₹2,406 Cr 235,793,930
↓ -10,277,770 National Bank For Agriculture And Rural Development
Debentures | -3% ₹861 Cr 86,500
↑ 500 Pipeline Infrastructure Ltd.
Debentures | -3% ₹810 Cr 80,500 HDFC Bank Limited
Debentures | -3% ₹697 Cr 7,000 HDFC Bank Limited
Debentures | -2% ₹649 Cr 65,000 Small Industries Development Bank Of India
Debentures | -2% ₹636 Cr 6,400 Small Industries Development Bank Of India
Debentures | -2% ₹625 Cr 6,250 Bharat Petroleum Corporation Limited
Debentures | -2% ₹595 Cr 59,500 LIC Housing Finance Ltd
Debentures | -2% ₹519 Cr 5,000 3. Axis Gilt Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 16 in Government Bond category. Return for 2023 was 7.1% , 2022 was 2.4% and 2021 was 2.4% . Axis Gilt Fund
Growth Launch Date 23 Jan 12 NAV (15 May 24) ₹23.1907 ↑ 0.04 (0.17 %) Net Assets (Cr) ₹286 on 31 Mar 24 Category Debt - Government Bond AMC Axis Asset Management Company Limited Rating ☆ Risk Moderate Expense Ratio 0.99 Sharpe Ratio 0.96 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.2% Effective Maturity 13 Years 7 Days Modified Duration 7 Years 6 Months 11 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,738 30 Apr 21 ₹12,438 30 Apr 22 ₹12,686 30 Apr 23 ₹13,371 30 Apr 24 ₹14,301 Returns for Axis Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1.2% 3 Month 2% 6 Month 5.4% 1 Year 7.4% 3 Year 5.1% 5 Year 7.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.4% 2021 2.4% 2020 13.1% 2019 12% 2018 5.3% 2017 1.4% 2016 13.7% 2015 6.3% 2014 15% Fund Manager information for Axis Gilt Fund
Name Since Tenure Devang Shah 5 Nov 12 11.41 Yr. Sachin Jain 1 Feb 23 1.16 Yr. Data below for Axis Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 4.34% Debt 95.66% Debt Sector Allocation
Sector Value Government 95.66% Cash Equivalent 4.34% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -22% ₹72 Cr 7,200,000
↑ 4,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -17% ₹55 Cr 5,500,000
↑ 1,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -14% ₹45 Cr 4,500,000
↓ -3,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -8% ₹25 Cr 2,500,000
↑ 2,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -8% ₹25 Cr 2,500,000 Uttar Pradesh (Government of) 7.51%
- | -8% ₹25 Cr 2,500,000 Chhattisgarh (Government of) 7.47%
- | -8% ₹25 Cr 2,500,000 Uttar Pradesh (Government of) 7.48%
- | -5% ₹15 Cr 1,500,000 Maharashtra (Government of) 7.45%
- | -3% ₹11 Cr 1,083,700 Chhattisgarh (Government of) 7.39%
- | -2% ₹7 Cr 735,700 4. ICICI Prudential Gilt Fund
CAGR/Annualized return of 9.4% since its launch. Ranked 5 in Government Bond category. Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% . ICICI Prudential Gilt Fund
Growth Launch Date 19 Aug 99 NAV (15 May 24) ₹93.3359 ↑ 0.14 (0.15 %) Net Assets (Cr) ₹4,865 on 31 Mar 24 Category Debt - Government Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.12 Sharpe Ratio 1.9 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.51% Effective Maturity 9 Years 6 Months 11 Days Modified Duration 4 Years 11 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,506 30 Apr 21 ₹12,263 30 Apr 22 ₹12,647 30 Apr 23 ₹13,538 30 Apr 24 ₹14,525 Returns for ICICI Prudential Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1% 3 Month 1.7% 6 Month 3.9% 1 Year 7.4% 3 Year 5.9% 5 Year 7.8% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.3% 2022 3.7% 2021 3.8% 2020 12.6% 2019 10.8% 2018 6.8% 2017 2.1% 2016 18.2% 2015 5.5% 2014 18% Fund Manager information for ICICI Prudential Gilt Fund
Name Since Tenure Manish Banthia 22 Jan 24 0.19 Yr. Raunak Surana 22 Jan 24 0.19 Yr. Data below for ICICI Prudential Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Debt 101.56% Debt Sector Allocation
Sector Value Government 101.56% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -75% ₹4,186 Cr 418,474,590
↑ 108,500,000 8.25% Govt Stock 2033
Sovereign Bonds | -19% ₹1,061 Cr 103,971,700
↓ -5,000,000 Uttar Pradesh (Government of)
- | -2% ₹135 Cr 13,422,600 8.1% Govt Stock 2034
Sovereign Bonds | -1% ₹75 Cr 7,500,000 Uttar Pradesh (Government of)
- | -1% ₹50 Cr 5,000,000 West Bengal (Government of)
- | -1% ₹50 Cr 5,000,000 West Bengal (Government of)
- | -1% ₹50 Cr 5,000,000 Rajasthan (Government of )
- | -1% ₹30 Cr 3,000,000 Himachal Pradesh (Government of)
- | -0% ₹10 Cr 1,000,000 India (Republic of)
Sovereign Bonds | -0% ₹6 Cr 646,300
↑ 646,300 5. Invesco India Gilt Fund
CAGR/Annualized return of 6% since its launch. Ranked 10 in Government Bond category. Return for 2023 was 6.6% , 2022 was 2.3% and 2021 was 0.7% . Invesco India Gilt Fund
Growth Launch Date 9 Feb 08 NAV (15 May 24) ₹2,594.77 ↑ 4.88 (0.19 %) Net Assets (Cr) ₹328 on 31 Mar 24 Category Debt - Government Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.25 Sharpe Ratio 0.99 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.25% Effective Maturity 22 Years 4 Months 20 Days Modified Duration 10 Years 2 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,253 30 Apr 21 ₹11,605 30 Apr 22 ₹11,729 30 Apr 23 ₹12,352 30 Apr 24 ₹13,204 Returns for Invesco India Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1.3% 3 Month 1.5% 6 Month 5.7% 1 Year 7.4% 3 Year 4.8% 5 Year 5.8% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 2.3% 2021 0.7% 2020 8.2% 2019 9.6% 2018 6.2% 2017 1.2% 2016 16.6% 2015 4.2% 2014 17% Fund Manager information for Invesco India Gilt Fund
Name Since Tenure Krishna Cheemalapati 27 Jul 21 2.68 Yr. Vikas Garg 26 Sep 20 3.51 Yr. Data below for Invesco India Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 7.53% Debt 78.97% Other 13.5% Debt Sector Allocation
Sector Value Government 78.97% Cash Equivalent 7.53% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -51% ₹221 Cr 21,970,000
↑ 4,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -28% ₹120 Cr 12,000,000
↑ 2,000,000 Hsbc Bk Intl
Investment Fund | -14% ₹58 Cr 5,806,400
↑ 5,806,400 Triparty Repo
CBLO/Reverse Repo | -6% ₹24 Cr Net Receivables / (Payables)
CBLO | -2% ₹8 Cr 6. Aditya Birla Sun Life Corporate Bond Fund
CAGR/Annualized return of 8.9% since its launch. Ranked 1 in Corporate Bond category. Return for 2023 was 7.3% , 2022 was 4.1% and 2021 was 4% . Aditya Birla Sun Life Corporate Bond Fund
Growth Launch Date 3 Mar 97 NAV (15 May 24) ₹102.505 ↑ 0.08 (0.08 %) Net Assets (Cr) ₹21,135 on 31 Mar 24 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio 1.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.68% Effective Maturity 5 Years 6 Months 14 Days Modified Duration 3 Years 7 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,000 30 Apr 21 ₹12,048 30 Apr 22 ₹12,530 30 Apr 23 ₹13,235 30 Apr 24 ₹14,187 Returns for Aditya Birla Sun Life Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.7% 3 Month 1.8% 6 Month 4% 1 Year 7.3% 3 Year 5.7% 5 Year 7.3% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.3% 2022 4.1% 2021 4% 2020 11.9% 2019 9.6% 2018 7% 2017 6.5% 2016 10.2% 2015 8.9% 2014 10.9% Fund Manager information for Aditya Birla Sun Life Corporate Bond Fund
Name Since Tenure Kaustubh Gupta 12 Apr 21 2.97 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.67% Other 0.24% Debt Sector Allocation
Sector Value Corporate 52.23% Government 43.59% Cash Equivalent 3.09% Securitized 0.86% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -10% ₹2,074 Cr 207,824,100
↑ 20,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -7% ₹1,465 Cr 146,500,000
↑ 18,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -4% ₹905 Cr 90,089,300
↓ -22,000,000 7.32% Govt Stock 2030
Sovereign Bonds | -3% ₹725 Cr 72,000,000 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹667 Cr 66,637,700 National Bank For Agriculture And Rural Development
Debentures | -3% ₹652 Cr 6,550 Small Industries Development Bank Of India
Debentures | -3% ₹544 Cr 54,550 HDFC Bank Limited
Debentures | -2% ₹426 Cr 42,500 Power Finance Corp Ltd. 7.6%
Debentures | -2% ₹400 Cr 40,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹397 Cr 4,000 7. DSP BlackRock Government Securities Fund
CAGR/Annualized return of 9.2% since its launch. Ranked 9 in Government Bond category. Return for 2023 was 7.1% , 2022 was 2.7% and 2021 was 3.1% . DSP BlackRock Government Securities Fund
Growth Launch Date 30 Sep 99 NAV (15 May 24) ₹87.3173 ↑ 0.15 (0.18 %) Net Assets (Cr) ₹755 on 31 Mar 24 Category Debt - Government Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderate Expense Ratio 1.09 Sharpe Ratio 0.97 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-7 Days (0.1%),7 Days and above(NIL) Yield to Maturity 7.27% Effective Maturity 22 Years 9 Months 4 Days Modified Duration 10 Years 1 Month 24 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,688 30 Apr 21 ₹12,435 30 Apr 22 ₹12,765 30 Apr 23 ₹13,554 30 Apr 24 ₹14,469 Returns for DSP BlackRock Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1.2% 3 Month 1.3% 6 Month 5.4% 1 Year 7.3% 3 Year 5.5% 5 Year 7.8% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.7% 2021 3.1% 2020 13.1% 2019 12.5% 2018 7.4% 2017 1.4% 2016 15.3% 2015 6.2% 2014 15% Fund Manager information for DSP BlackRock Government Securities Fund
Name Since Tenure Shantanu Godambe 1 Jun 23 0.83 Yr. Data below for DSP BlackRock Government Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 1.1% Debt 98.9% Debt Sector Allocation
Sector Value Government 98.9% Cash Equivalent 1.1% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -35% ₹272 Cr 26,500,000
↑ 1,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -32% ₹249 Cr 24,500,000
↑ 1,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -17% ₹133 Cr 13,000,000
↑ 1,500,000 Maharashtra (Government of) 7.45%
- | -13% ₹101 Cr 10,000,000 Karnataka (Government of) 7.46%
- | -1% ₹5 Cr 500,000 07.29 KA Sdl 2036
Sovereign Bonds | -1% ₹5 Cr 500,000 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -24% ₹187 Cr Net Receivables/Payables
CBLO | -23% -₹179 Cr 8. HDFC Corporate Bond Fund
CAGR/Annualized return of 8.1% since its launch. Ranked 2 in Corporate Bond category. Return for 2023 was 7.2% , 2022 was 3.3% and 2021 was 3.9% . HDFC Corporate Bond Fund
Growth Launch Date 29 Jun 10 NAV (15 May 24) ₹29.5652 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹28,499 on 31 Mar 24 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio 1.13 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.73% Effective Maturity 5 Years 2 Months Modified Duration 3 Years 8 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,030 30 Apr 21 ₹12,060 30 Apr 22 ₹12,500 30 Apr 23 ₹13,181 30 Apr 24 ₹14,138 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 4% 1 Year 7.2% 3 Year 5.5% 5 Year 7.2% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 3.3% 2021 3.9% 2020 11.8% 2019 10.3% 2018 6.5% 2017 6.5% 2016 10.6% 2015 8.6% 2014 10.9% Fund Manager information for HDFC Corporate Bond Fund
Name Since Tenure Anupam Joshi 27 Oct 15 8.44 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.01% Debt 96.75% Other 0.24% Debt Sector Allocation
Sector Value Corporate 49.13% Government 47.56% Cash Equivalent 3.01% Securitized 0.06% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.25% Govt Stock 2033
Sovereign Bonds | -5% ₹1,479 Cr 145,000,000
↓ -2,500,000 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹800 Cr 80,000,000
↓ -7,500,000 Hdb Financial Services Limited
Debentures | -3% ₹725 Cr 72,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹672 Cr 67,500
↓ -2,500 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹649 Cr 65,000,000
↓ -10,000,000 7.69% Govt Stock 2028
Sovereign Bonds | -2% ₹575 Cr 57,500,000
↓ -2,500,000 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹555 Cr 5,670 Reliance Industries Limited
Debentures | -2% ₹525 Cr 5,000 HDFC Bank Limited
Debentures | -2% ₹501 Cr 50,000 LIC Housing Finance Limited
Debentures | -2% ₹497 Cr 5,000 9. Aditya Birla Sun Life Government Securities Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 4 in Government Bond category. Return for 2023 was 7.1% , 2022 was 1.7% and 2021 was 3.6% . Aditya Birla Sun Life Government Securities Fund
Growth Launch Date 12 Oct 99 NAV (15 May 24) ₹74.4531 ↑ 0.11 (0.15 %) Net Assets (Cr) ₹1,369 on 31 Mar 24 Category Debt - Government Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.81 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-90 Days (0.5%),90 Days and above(NIL) Yield to Maturity 7.24% Effective Maturity 15 Years 11 Months 5 Days Modified Duration 8 Years 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,586 30 Apr 21 ₹12,218 30 Apr 22 ₹12,593 30 Apr 23 ₹13,260 30 Apr 24 ₹14,114 Returns for Aditya Birla Sun Life Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1.2% 3 Month 1.6% 6 Month 5.2% 1 Year 7% 3 Year 5.2% 5 Year 7.3% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 1.7% 2021 3.6% 2020 12.1% 2019 11% 2018 6.9% 2017 4.4% 2016 16.7% 2015 5.7% 2014 19.9% Fund Manager information for Aditya Birla Sun Life Government Securities Fund
Name Since Tenure Bhupesh Bameta 6 Aug 20 3.65 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Government Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Debt 111.63% Debt Sector Allocation
Sector Value Government 111.63% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -35% ₹491 Cr 48,934,950
↑ 8,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -18% ₹249 Cr 24,923,050
↓ -8,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -10% ₹135 Cr 13,553,050
↑ 11,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -9% ₹130 Cr 13,000,000
↑ 10,000,000 India (Republic of) 0%
Sovereign Bonds | -4% ₹49 Cr 6,500,000 Goi Strips 19092028
Sovereign Bonds | -3% ₹47 Cr 6,500,000 Uttar Pradesh (Government of)
- | -2% ₹25 Cr 2,500,000 Uttar Pradesh (Government of)
- | -2% ₹25 Cr 2,500,000 Karnataka (Government of)
- | -2% ₹25 Cr 2,500,000
↑ 2,500,000 Haryana, Government of
- | -2% ₹23 Cr 2,283,300 10. Edelweiss Government Securities Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 18 in Government Bond category. Return for 2023 was 6.2% , 2022 was 2.5% and 2021 was 4.1% . Edelweiss Government Securities Fund
Growth Launch Date 13 Feb 14 NAV (15 May 24) ₹22.5101 ↑ 0.04 (0.17 %) Net Assets (Cr) ₹139 on 31 Mar 24 Category Debt - Government Bond AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderate Expense Ratio 1.34 Sharpe Ratio 0.65 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Yield to Maturity 7.21% Effective Maturity 15 Years 11 Months 6 Days Modified Duration 8 Years 9 Months 4 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,492 30 Apr 21 ₹12,538 30 Apr 22 ₹12,866 30 Apr 23 ₹13,585 30 Apr 24 ₹14,469 Returns for Edelweiss Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 1.2% 3 Month 1.7% 6 Month 5.7% 1 Year 7% 3 Year 5.1% 5 Year 7.7% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.2% 2022 2.5% 2021 4.1% 2020 13.6% 2019 10.7% 2018 6.8% 2017 4.2% 2016 12.5% 2015 5.8% 2014 Fund Manager information for Edelweiss Government Securities Fund
Name Since Tenure Dhawal Dalal 26 Nov 16 7.43 Yr. Rahul Dedhia 23 Nov 21 2.44 Yr. Data below for Edelweiss Government Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 10.88% Debt 89.12% Debt Sector Allocation
Sector Value Government 89.12% Cash Equivalent 10.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of) 7.23%
Sovereign Bonds | -21% ₹30 Cr 3,000,000
↑ 3,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -21% ₹30 Cr 3,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -21% ₹30 Cr 3,000,000
↓ -4,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -18% ₹25 Cr 2,500,000
↓ -500,000 India (Republic of) 7.1%
Sovereign Bonds | -7% ₹10 Cr 1,000,000
↑ 1,000,000 08.38 GJ Sdl 2029
Sovereign Bonds | -0% ₹0 Cr 9,100 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -17% ₹24 Cr Net Receivables/(Payables)
CBLO | -7% -₹10 Cr Accrued Interest
CBLO | -1% ₹1 Cr
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