Table of Contents
Top 6 Debt - Government Bond Funds
Want to invest during falling interest rates? Gilt Funds in India are an answer to this!
Gilt Mutual Funds provide good returns during times of falling interest rates depending upon its maturity (or duration). Investors Investing in these funds need to have enough time for tracking their investments since the NAVs of these funds move very sharply with movement in interest rates.
Gilts funds are often used by two kinds of investors. Firstly, those who primarily want little or no credit risk, since the securities are backed by the government of India (or the government of the country they belong to) hence they carry least possible credit risk.
When investing in gilt Debt fund, it becomes necessary to determine the average maturity and the duration of the fund. This can be obtained in the fact sheet of the fund, the average maturity relates to the average time taken for securities to mature. The higher the average maturity (or duration), the higher the sensitivity to interest rate movement. While a downward movement is positive to the NAV of the fund (and hence returns), and upward (or increase) movement of interest rates will impact the NAV negatively resulting in a loss.
Duration refers to the weighted average maturity of the securities in a Portfolio. It is a prime parameter used by analysts and others to determine the interest rate sensitivity of the mutual fund. If the funds are held for the time of duration of the portfolio and the fund manager does not do anything, then the investor will generate the yield on the portfolio, without being subjected to interest rate movements. Gilts funds are often used by two kinds of investors. Firstly, those who primarily want little or no credit risk, since the securities are backed by the government of India (or the government of the country they belong to), these investors invest for the yield and not for a view on interest rates. The other kind of investors who invest in Gilt Funds are the ones who take a view on interest rates, they would typically look at the maturity or duration of the portfolio and invest accordingly.
There are primarily three kinds of gilt funds that exist, short term, medium term and long term. Short term gilt funds have a low duration, typically less than a year. Long-term gilt funds can have a very high maturity period, at times going up to 10 to 15 years also. Long-term gilt funds are invested in for yield as well as playing the interest rate view by investors.
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Gilt funds and interest rates are archrivals. There is an inverse relationship between Gilt debt funds and interest rates. An increase or decrease in the interest rate causes the NAV of the fund to fall or rise. This results in the fluctuation in the fund’s return. In fact, such extreme Volatility in returns of the gilt funds makes them the riskiest in the debt mutual category. The impact is so profound that it may drive the yields to negative in the short run. Therefore, one should consider investing in gilt funds when Inflation is near its peak and the RBI (Reserve Bank of India) is not likely to raise the interest rate immediately. This would ensure there no downward movement in the NAV and hence returns. Any fall in interest rates would add to the returns of the fund.
A newbie investor should avoid investing in gilt mutual funds without a robust strategy.
Moreover, there are some other quantitative parameters that investors need to analyse before selecting the best Gilt Funds:
Look for a Gilt Fund that gives the most stable and consistent returns year-after-year. A fund having lesser volatility would be consistent. Volatility can be determined using the Beta and Standard Deviation (SD). Beta indicates how much fund’s return is sensitive to index movements. A beta of 1 signifies that the mutual fund NAV moves in line with the relevant benchmark, a beta of a greater than 1 designates that the NAV moves more than the relevant benchmark of the fund, and a beta of less than 1 means NAV moves less than the benchmark. Investors should decide before getting into a fund whether they want higher beta or low beta.Coming to SD, it is a statistical measure representing the volatility or risk of a fund. The higher the SD, higher will be the fluctuations in the returns. Ideally, investors look for funds with a lower standard deviation. However, if the investor is clear on the reason of investing and has reviewed the fund performance as well as portfolio & related parameters (yield, duration, maturity etc), this is something one can overlook.
The expense ratio is also one of the parameters to check your fund returns. It is advisable to go for a fund with a lower expense ratio in the same category. This is because the returns are derived after deducting expense ratio from the fund’s Total Return. Thus, the lower the expense ratio, the better returns it can deliver.
One needs to be careful in the entry and exit of their investments accurately. More importantly, considering important parameters to shortlist or invest in the best Gilt funds can be an optimal way to strengthen your portfolio. We take you to some of those parameters, following the best Gilt funds or Best Performing Mutual Funds to Invest in 2024.
(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 (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 (Erstwhile UTI Gilt Advantage Fund- LTP) To generate credit risk-free return through investment in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the Central Government and / or a State Government for repayment of principal and interest. However there can be no assurance that the investment objective of the Scheme will be achieved. UTI Gilt Fund is a Debt - Government Bond fund was launched on 21 Jan 02. It is a fund with Moderate risk and has given a Below is the key information for UTI Gilt Fund Returns up to 1 year are on (Erstwhile SBI Magnum Gilt Fund - Long Term Plan) To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government SBI Magnum Gilt Fund is a Debt - Government Bond fund was launched on 30 Dec 00. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Gilt Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government. Nippon India Gilt Securities Fund is a Debt - Government Bond fund was launched on 22 Aug 08. It is a fund with Moderate risk and has given a Below is the key information for Nippon India Gilt Securities Fund Returns up to 1 year are on (Erstwhile Canara Robeco GILT PGS) To provide risk free return (except interest rate risk) and long term capital
appreciation by investing only in Govt. Securities. However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Gilt Fund is a Debt - Government Bond fund was launched on 29 Dec 99. It is a fund with Moderate risk and has given a Below is the key information for Canara Robeco Gilt Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity ICICI Prudential Gilt Fund Growth ₹93.3359
↑ 0.14 ₹4,865 1.7 3.9 7.4 5.9 8.3 7.51% 4Y 11M 5D 9Y 6M 11D Aditya Birla Sun Life Government Securities Fund Growth ₹74.4531
↑ 0.11 ₹1,369 1.6 5.2 7 5.2 7.1 7.24% 8Y 5M 1D 15Y 11M 5D UTI Gilt Fund Growth ₹57.4362
↑ 0.09 ₹644 1.7 4.9 6.8 5.1 6.7 6.96% 6Y 4M 10D 9Y 1M 2D SBI Magnum Gilt Fund Growth ₹60.2895
↑ 0.10 ₹7,884 1.7 4.5 6.7 5.8 7.6 7.26% 8Y 15Y 5M 19D Nippon India Gilt Securities Fund Growth ₹34.8509
↑ 0.06 ₹1,547 1.5 4.8 6.2 4.7 6.7 7.27% 7Y 4M 13D 11Y 4M 24D Canara Robeco Gilt Fund Growth ₹69.2769
↑ 0.10 ₹105 1.4 4.8 6.1 4.7 6.5 7.18% 7Y 2M 25D 13Y 8M 24D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 May 24 1. 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 2. 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 3. UTI Gilt Fund
CAGR/Annualized
return of 8.1% since its launch. Ranked 7 in Government Bond
category. Return for 2023 was 6.7% , 2022 was 2.9% and 2021 was 2.3% . UTI Gilt Fund
Growth Launch Date 21 Jan 02 NAV (15 May 24) ₹57.4362 ↑ 0.09 (0.15 %) Net Assets (Cr) ₹644 on 31 Mar 24 Category Debt - Government Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.53 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.96% Effective Maturity 9 Years 1 Month 2 Days Modified Duration 6 Years 4 Months 10 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,556 30 Apr 21 ₹12,068 30 Apr 22 ₹12,309 30 Apr 23 ₹13,057 30 Apr 24 ₹13,879 Returns for UTI 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 1.1% 3 Month 1.7% 6 Month 4.9% 1 Year 6.8% 3 Year 5.1% 5 Year 6.9% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 2.9% 2021 2.3% 2020 10.3% 2019 11.8% 2018 6.3% 2017 4.3% 2016 15.5% 2015 6.1% 2014 19.8% Fund Manager information for UTI Gilt Fund
Name Since Tenure Sudhir Agarwal 1 Dec 21 2.33 Yr. Data below for UTI Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 12.7% Debt 87.3% Debt Sector Allocation
Sector Value Government 87.3% Cash Equivalent 12.7% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -48% ₹305 Cr 3,050,000,000
↑ 550,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -40% ₹254 Cr 2,550,000,000 Net Current Assets
Net Current Assets | -12% ₹80 Cr Clearing Corporation Of India Ltd. Std - Margin
Net Current Assets | -0% ₹1 Cr 00 India (Republic of)
- | -₹0 Cr 00
↓ -500,000,000 4. SBI Magnum Gilt Fund
CAGR/Annualized
return of 8% since its launch. Ranked 3 in Government Bond
category. Return for 2023 was 7.6% , 2022 was 4.2% and 2021 was 3% . SBI Magnum Gilt Fund
Growth Launch Date 30 Dec 00 NAV (15 May 24) ₹60.2895 ↑ 0.10 (0.16 %) Net Assets (Cr) ₹7,884 on 31 Mar 24 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.98 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.26% Effective Maturity 15 Years 5 Months 19 Days Modified Duration 8 Years Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,714 30 Apr 21 ₹12,441 30 Apr 22 ₹12,774 30 Apr 23 ₹13,728 30 Apr 24 ₹14,628 Returns for SBI Magnum 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 1.7% 6 Month 4.5% 1 Year 6.7% 3 Year 5.8% 5 Year 8% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.6% 2022 4.2% 2021 3% 2020 11.7% 2019 13.1% 2018 5.1% 2017 3.9% 2016 16.3% 2015 7.3% 2014 19.9% Fund Manager information for SBI Magnum Gilt Fund
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 0.42 Yr. Tejas Soman 1 Dec 23 0.33 Yr. Data below for SBI Magnum Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 15.79% Debt 84.21% Debt Sector Allocation
Sector Value Government 84.21% Cash Equivalent 15.79% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -20% ₹1,663 Cr 166,285,000
↓ -225,000,000 India (Republic of) 7.1%
Sovereign Bonds | -18% ₹1,464 Cr 146,688,100
↑ 146,688,100 7.25% Govt Stock 2063
Sovereign Bonds | -17% ₹1,354 Cr 136,000,000
↑ 7,500,000 Maharashtra (Government of) 7.46%
- | -15% ₹1,195 Cr 119,412,800 Uttar Pradesh (Government of) 7.48%
- | -4% ₹310 Cr 30,895,500 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹235 Cr 23,500,000 6.62% Govt Stock 2051
Sovereign Bonds | -2% ₹185 Cr 20,000,000 Uttar Pradesh (Government of) 7.51%
- | -1% ₹110 Cr 11,000,000 Uttar Pradesh (Government of) 7.48%
- | -1% ₹104 Cr 10,339,600 6.99% Govt Stock 2051
Sovereign Bonds | -1% ₹97 Cr 10,000,000 5. Nippon India Gilt Securities Fund
CAGR/Annualized
return of 8.2% since its launch. Ranked 2 in Government Bond
category. Return for 2023 was 6.7% , 2022 was 2.1% and 2021 was 1.8% . Nippon India Gilt Securities Fund
Growth Launch Date 22 Aug 08 NAV (15 May 24) ₹34.8509 ↑ 0.06 (0.16 %) Net Assets (Cr) ₹1,547 on 31 Mar 24 Category Debt - Government Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.57 Sharpe Ratio 0.51 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Days (0.25%),15 Days and above(NIL) Yield to Maturity 7.27% Effective Maturity 11 Years 4 Months 24 Days Modified Duration 7 Years 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,629 30 Apr 21 ₹12,186 30 Apr 22 ₹12,380 30 Apr 23 ₹13,091 30 Apr 24 ₹13,885 Returns for Nippon India Gilt 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 1.1% 3 Month 1.5% 6 Month 4.8% 1 Year 6.2% 3 Year 4.7% 5 Year 6.8% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 2.1% 2021 1.8% 2020 11.2% 2019 12.4% 2018 8% 2017 3.4% 2016 17% 2015 6.2% 2014 18.6% Fund Manager information for Nippon India Gilt Securities Fund
Name Since Tenure Pranay Sinha 31 Mar 21 3 Yr. Kinjal Desai 31 Oct 21 2.42 Yr. Data below for Nippon India Gilt Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 2.57% Debt 97.43% Debt Sector Allocation
Sector Value Government 97.43% Cash Equivalent 2.57% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -37% ₹573 Cr 57,465,200
↓ -11,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -19% ₹303 Cr 30,200,000 7.18% Govt Stock 2033
Sovereign Bonds | -14% ₹225 Cr 22,500,000
↓ -500,000 7.3% Govt Stock 2053
Sovereign Bonds | -11% ₹176 Cr 17,500,000
↑ 12,500,000 6.67% Govt Stock 2035
Sovereign Bonds | -2% ₹38 Cr 4,000,000 07.85 MP Sdl 2032
Sovereign Bonds | -2% ₹26 Cr 2,500,000 07.66 Tn SDL 2033
Sovereign Bonds | -2% ₹25 Cr 2,500,000 07.10 MH Sdl 2032
Sovereign Bonds | -2% ₹25 Cr 2,500,000 7.26% Govt Stock 2032
Sovereign Bonds | -1% ₹22 Cr 2,150,000 9.23% Govt Stock 2043
Sovereign Bonds | -1% ₹18 Cr 1,500,000 6. Canara Robeco Gilt Fund
CAGR/Annualized
return of 8.3% since its launch. Ranked 6 in Government Bond
category. Return for 2023 was 6.5% , 2022 was 2.3% and 2021 was 1.8% . Canara Robeco Gilt Fund
Growth Launch Date 29 Dec 99 NAV (15 May 24) ₹69.2769 ↑ 0.10 (0.14 %) Net Assets (Cr) ₹105 on 31 Mar 24 Category Debt - Government Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.24 Sharpe Ratio 0.33 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.18% Effective Maturity 13 Years 8 Months 24 Days Modified Duration 7 Years 2 Months 25 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹11,390 30 Apr 21 ₹11,939 30 Apr 22 ₹12,177 30 Apr 23 ₹12,863 30 Apr 24 ₹13,615 Returns for Canara Robeco 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 1.4% 6 Month 4.8% 1 Year 6.1% 3 Year 4.7% 5 Year 6.4% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.5% 2022 2.3% 2021 1.8% 2020 10.3% 2019 9.9% 2018 4.9% 2017 2.9% 2016 18% 2015 6.3% 2014 16.7% Fund Manager information for Canara Robeco Gilt Fund
Name Since Tenure Avnish Jain 1 Apr 22 2 Yr. Kunal Jain 18 Jul 22 1.71 Yr. Data below for Canara Robeco Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 20.1% Debt 79.9% Debt Sector Allocation
Sector Value Government 79.9% Cash Equivalent 20.1% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -31% ₹34 Cr 3,400,000 7.18% Govt Stock 2033
Sovereign Bonds | -19% ₹21 Cr 2,100,000
↓ -400,000 7.32% Govt Stock 2030
Sovereign Bonds | -9% ₹10 Cr 1,000,000
↑ 1,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -8% ₹9 Cr 920,300 7.1% Govt Stock 2029
Sovereign Bonds | -5% ₹5 Cr 500,000 7.17% Govt Stock 2030
Sovereign Bonds | -2% ₹3 Cr 258,900 7.38% Govt Stock 2027
Sovereign Bonds | -2% ₹3 Cr 250,100 7.3% Govt Stock 2053
Sovereign Bonds | -2% ₹2 Cr 220,000
↓ -880,000 8.13% Govt Stock 2045
Sovereign Bonds | -0% ₹0 Cr 10,000 Treps
CBLO/Reverse Repo | -18% ₹20 Cr
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If you want to invest in gilt mutual funds, then you need to invest opportunistically. An essential thing about investing in the best Gilt Funds is to strategies well. Having a strategy would help you to avoid perilous situations. Investing in these funds demands an ability to take a view on what the RBI may do in its credit risk policy and a Call on interest rate movements.
A: The gilt funds are in the form of securities released by the Reserve Bank of India. The RBI releases the g-sec or the securities, which are in the form of funds. These, when matured, are distributed amongst the investors in the form of payouts.
A: Gilt funds are one of the safest investments, and you can expect good returns. However, the interest payable is dependent upon the Market conditions. You can expect returns of up to 12% on your investments.
A: Gilt funds behave like mutual funds, and hence, there is an expense ratio. In other words, there will be certain operational costs that the investor has to bear when it comes to gilt funds. The expense ratio will be a percentage of the total investment value. Your fund manager can tell you about the amount of money that will be considered expense ratio.
A: Like any other mutual fund, it is a good idea to hold your investment in gilt funds for 3-5 years. This is adequate time for you to realize your investment.
A: You can invest in the gilt funds and generate wealth over a medium to moderate period. After that, you can divert your Earnings into other investments. Thus, gilt funds can be used to create wealth as these are known to generate wealth.
A: If you are looking to earn on your investments over a reasonable period and increase your wealth in the medium-term, it is good to invest in gilt funds. These funds do not need you to invest in the long-term, and you can realize your investments in 3-5 years.
A: You will have to pay tax on long-term Capital gains if you sell the gilt funds before maturity. The Capital Gain from the fund is also taxable. If you stay invested in the fun for a short period, which is three years, then you will have to pay Taxes for short-term capital gains. If you stay invested in the gilt fund for the given amount of time, you will have to pay tax under long-term capital gains.