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Best Government Bond Mutual Funds 2020

Updated on September 23, 2020 , 31288 views

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. One needs to be careful in the entry and exit of their investments accurately.

Government Bond Funds

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 2020.

What are Government Bond Funds?

Corporations need money for their day-to-day requirements, and therefore borrow from lenders such as banks, mutual funds and Insurance companies. Similarly, when the Government of India needs money, it borrows through its banker, the Reserve Bank of India (RBI).

The RBI, in-turn, takes money from the lenders like banks, insurance companies and mutual funds; and passes it on to the government, and issues g-secs in return.

These g-secs have a specific tenure, at the end of which lenders give back the g-secs and take their money back. Many types of Debt fund invest in g-secs but g-sec funds invest only in g-secs. Although debt funds were introduced to the Indian mutual funds industry in 1994, Kotak Mahindra Asset Management Co. Ltd launched India’s first gilt fund in December 1998.

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Best Government Bond Mutual Funds To Invest In 2020

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
IDFC Government Securities Fund - Investment Plan Growth ₹27.0645
↑ 0.00
₹1,6310.77.8139.513.36.3%5Y 7M 28D7Y 4M 20D
ICICI Prudential Gilt Fund Growth ₹75.7225
↓ -0.16
₹4,2320.67.112.38.210.86.31%8Y 18D12Y 10M 24D
DSP BlackRock Government Securities Fund Growth ₹71.8967
↓ -0.04
₹8330.86.712.39.112.55.63%6Y 3M 7D9Y 1M 20D
Axis Gilt Fund Growth ₹19.2529
↓ -0.04
₹1401.37.211.18.2125.86%6Y 6M9Y 10M 24D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Sep 20

1. IDFC Government Securities Fund - Investment Plan

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 CAGR/Annualized return of 8.8% since its launch.  Ranked 14 in Government Bond category.  Return for 2019 was 13.3% , 2018 was 7.8% and 2017 was 3.1% .

Below is the key information for IDFC Government Securities Fund - Investment Plan

IDFC Government Securities Fund - Investment Plan
Growth
Launch Date 3 Dec 08
NAV (25 Sep 20) ₹27.0645 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹1,631 on 31 Aug 20
Category Debt - Government Bond
AMC IDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.05
Sharpe Ratio 1.33
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.3%
Effective Maturity 7 Years 4 Months 20 Days
Modified Duration 5 Years 7 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,086
31 Aug 17₹12,270
31 Aug 18₹12,157
31 Aug 19₹14,310
31 Aug 20₹15,893

IDFC Government Securities Fund - Investment Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for IDFC Government Securities Fund - Investment Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 0.9%
3 Month 0.7%
6 Month 7.8%
1 Year 13%
3 Year 9.5%
5 Year 9.7%
10 Year
15 Year
Since launch 8.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 13.3%
2018 7.8%
2017 3.1%
2016 13.9%
2015 6%
2014 16.5%
2013 6.3%
2012 13%
2011 9.9%
2010 4%
Fund Manager information for IDFC Government Securities Fund - Investment Plan
NameSinceTenure
Suyash Choudhary15 Oct 109.89 Yr.

Data below for IDFC Government Securities Fund - Investment Plan as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash0.44%
Debt99.56%
Debt Sector Allocation
SectorValue
Government99.56%
Cash Equivalent0.44%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.79% Govt Stock 2027
Sovereign Bonds | -
48%₹790 Cr76,200,000
↑ 76,200,000
7.26% Govt Stock 2029
Sovereign Bonds | -
35%₹564 Cr53,100,000
↑ 53,100,000
7.17% Govt Stock 2028
Sovereign Bonds | -
17%₹270 Cr25,606,300
↑ 25,600,000
Triparty Repo
CBLO/Reverse Repo | -
1%₹21 Cr
Net Current Assets
Net Current Assets | -
1%-₹15 Cr
Cash Margin - Ccil
CBLO/Reverse Repo | -
0%₹2 Cr

2. ICICI Prudential Gilt Fund

(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 CAGR/Annualized return of 10.1% since its launch.  Ranked 5 in Government Bond category.  Return for 2019 was 10.8% , 2018 was 6.8% and 2017 was 2.1% .

Below is the key information for ICICI Prudential Gilt Fund

ICICI Prudential Gilt Fund
Growth
Launch Date 19 Aug 99
NAV (25 Sep 20) ₹75.7225 ↓ -0.16   (-0.21 %)
Net Assets (Cr) ₹4,232 on 31 Aug 20
Category Debt - Government Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.92
Sharpe Ratio 1.25
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.31%
Effective Maturity 12 Years 10 Months 24 Days
Modified Duration 8 Years 18 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,472
31 Aug 17₹12,578
31 Aug 18₹12,668
31 Aug 19₹14,198
31 Aug 20₹15,722

ICICI Prudential Gilt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for ICICI Prudential Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 1%
3 Month 0.6%
6 Month 7.1%
1 Year 12.3%
3 Year 8.2%
5 Year 9.4%
10 Year
15 Year
Since launch 10.1%
Historical performance (Yearly) on absolute basis
YearReturns
2019 10.8%
2018 6.8%
2017 2.1%
2016 18.2%
2015 5.5%
2014 18%
2013 0.3%
2012 11%
2011 5.9%
2010 5.3%
Fund Manager information for ICICI Prudential Gilt Fund
NameSinceTenure
Rahul Goswami27 Sep 127.93 Yr.
Anuj Tagra30 Oct 136.84 Yr.

Data below for ICICI Prudential Gilt Fund as on 31 Aug 20

Asset Allocation
Asset ClassValue
Debt101.18%
Debt Sector Allocation
SectorValue
Government101.18%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.19% Govt Stock 2034
Sovereign Bonds | -
40%₹1,673 Cr171,500,000
↑ 37,500,000
5.77% GOI 2030
Sovereign Bonds | -
34%₹1,437 Cr147,500,000
↑ 142,500,000
7.57% Govt Stock 2033
Sovereign Bonds | -
7%₹303 Cr27,800,000
↓ -22,500,000
7.19% Govt Stock 2060
Sovereign Bonds | -
5%₹217 Cr20,500,000
↑ 1,000,000
6.68% Govt Stock 2031
Sovereign Bonds | -
4%₹148 Cr14,500,000
↓ -7,500,000
8.33% Govt Stock 2026
Sovereign Bonds | -
3%₹111 Cr10,000,000
7.59% Govt Stock 2026
Sovereign Bonds | -
2%₹76 Cr7,000,000
↓ -500,000
8.15% Govt Stock 2026
Sovereign Bonds | -
2%₹72 Cr6,500,000
08.31 RJ SDL 2027
Sovereign Bonds | -
2%₹66 Cr6,000,000
7.27% Govt Stock 2026
Sovereign Bonds | -
1%₹53 Cr5,000,000
↑ 5,000,000

3. DSP BlackRock Government Securities Fund

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 CAGR/Annualized return of 9.9% since its launch.  Ranked 9 in Government Bond category.  Return for 2019 was 12.5% , 2018 was 7.4% and 2017 was 1.4% .

Below is the key information for DSP BlackRock Government Securities Fund

DSP BlackRock Government Securities Fund
Growth
Launch Date 30 Sep 99
NAV (25 Sep 20) ₹71.8967 ↓ -0.04   (-0.05 %)
Net Assets (Cr) ₹833 on 31 Aug 20
Category Debt - Government Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderate
Expense Ratio 1.37
Sharpe Ratio 1.28
Information Ratio -0.3
Alpha Ratio 1.18
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-7 Days (0.1%),7 Days and above(NIL)
Yield to Maturity 5.63%
Effective Maturity 9 Years 1 Month 20 Days
Modified Duration 6 Years 3 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,314
31 Aug 17₹12,251
31 Aug 18₹12,198
31 Aug 19₹14,195
31 Aug 20₹15,677

DSP BlackRock Government Securities Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for DSP BlackRock Government Securities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 1.5%
3 Month 0.8%
6 Month 6.7%
1 Year 12.3%
3 Year 9.1%
5 Year 9.5%
10 Year
15 Year
Since launch 9.9%
Historical performance (Yearly) on absolute basis
YearReturns
2019 12.5%
2018 7.4%
2017 1.4%
2016 15.3%
2015 6.2%
2014 15%
2013 1.3%
2012 9%
2011 3.6%
2010 5%
Fund Manager information for DSP BlackRock Government Securities Fund
NameSinceTenure
Vikram Chopra17 Jul 164.13 Yr.
Saurabh Bhatia1 Mar 182.5 Yr.

Data below for DSP BlackRock Government Securities Fund as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash22.33%
Debt80.74%
Debt Sector Allocation
SectorValue
Government80.74%
Cash Equivalent22.33%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.19% Govt Stock 2034
Sovereign Bonds | -
42%₹347 Cr35,000,000
↓ -17,000,000
5.77% GOI 2030
Sovereign Bonds | -
25%₹210 Cr21,500,000
↑ 21,500,000
7.27% Govt Stock 2026
Sovereign Bonds | -
14%₹115 Cr10,500,000
↑ 10,500,000
6.45% Goi 07102029 24sep20
Derivatives | -
3%-₹26 Cr2,500,000
↑ 2,500,000
Net Receivables/Payables
Net Current Assets | -
18%₹151 Cr
Cash Offset For Derivatives
Derivative Margin | -
3%₹26 Cr2,559
↑ 2,559
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
1%₹5 Cr
Cash Margin
Net Current Assets | -
0%₹3 Cr

4. Axis Gilt Fund

(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 CAGR/Annualized return of 7.8% since its launch.  Ranked 16 in Government Bond category.  Return for 2019 was 12% , 2018 was 5.3% and 2017 was 1.4% .

Below is the key information for Axis Gilt Fund

Axis Gilt Fund
Growth
Launch Date 23 Jan 12
NAV (25 Sep 20) ₹19.2529 ↓ -0.04   (-0.19 %)
Net Assets (Cr) ₹140 on 31 Aug 20
Category Debt - Government Bond
AMC Axis Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.66
Sharpe Ratio 1.22
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.86%
Effective Maturity 9 Years 10 Months 24 Days
Modified Duration 6 Years 6 Months

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,202
31 Aug 17₹12,061
31 Aug 18₹11,888
31 Aug 19₹13,763
31 Aug 20₹15,132

Axis Gilt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148
Invest Now

Returns for Axis Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 1%
3 Month 1.3%
6 Month 7.2%
1 Year 11.1%
3 Year 8.2%
5 Year 8.6%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 12%
2018 5.3%
2017 1.4%
2016 13.7%
2015 6.3%
2014 15%
2013 -0.6%
2012
2011
2010
Fund Manager information for Axis Gilt Fund
NameSinceTenure
Devang Shah5 Nov 127.83 Yr.
Kaustubh Sule4 Sep 200 Yr.

Data below for Axis Gilt Fund as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash14.8%
Debt85.2%
Debt Sector Allocation
SectorValue
Government85.2%
Cash Equivalent14.8%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.19% Govt Stock 2034
Sovereign Bonds | -
42%₹60 Cr6,100,000
↑ 500,000
5.77% GOI 2030
Sovereign Bonds | -
31%₹44 Cr4,500,000
↑ 4,500,000
7.26% Govt Stock 2029
Sovereign Bonds | -
8%₹11 Cr1,000,000
↓ -4,000,000
8.18% HR SDL Spl 2024
Domestic Bonds | -
4%₹5 Cr500,000
Clearing Corporation Of India Ltd
CBLO | -
13%₹19 Cr
Net Receivables / (Payables)
Net Current Assets | -
2%₹2 Cr

Best 10 Year-Government Bond Mutual Funds To Invest In 2020

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
IDFC Government Securities Fund - Constant Maturity Plan Growth ₹34.851
↓ -0.01
₹3020.57.112.611.914.26.39%6Y 3M 14D8Y 6M 14D
ICICI Prudential Constant Maturity Gilt Fund Growth ₹18.6137
↓ -0.01
₹2631.27.613.110.412.86.16%7Y 4D9Y 8M 19D
SBI Magnum Constant Maturity Fund Growth ₹48.513
↓ -0.01
₹7330.86.410.710.411.96.31%6Y 9M9Y 9M 18D
DSP BlackRock 10Y G-Sec Fund Growth ₹17.1665
↓ -0.04
₹420.16.211.57.810.85.94%6Y 11M 16D9Y 4M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Sep 20

1. IDFC Government Securities Fund - Constant Maturity Plan

(Erstwhile IDFC Government Securities Fund - Short Term Plan)

IDFC – GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized.

IDFC Government Securities Fund - Constant Maturity Plan is a Debt - 10 Yr Govt Bond fund was launched on 9 Mar 02. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 2 in 10 Yr Govt Bond category.  Return for 2019 was 14.2% , 2018 was 11.8% and 2017 was 6.2% .

Below is the key information for IDFC Government Securities Fund - Constant Maturity Plan

IDFC Government Securities Fund - Constant Maturity Plan
Growth
Launch Date 9 Mar 02
NAV (25 Sep 20) ₹34.851 ↓ -0.01   (-0.03 %)
Net Assets (Cr) ₹302 on 31 Aug 20
Category Debt - 10 Yr Govt Bond
AMC IDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.47
Sharpe Ratio 1.3
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.39%
Effective Maturity 8 Years 6 Months 14 Days
Modified Duration 6 Years 3 Months 14 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹10,998
31 Aug 17₹12,029
31 Aug 18₹12,433
31 Aug 19₹15,115
31 Aug 20₹16,722

IDFC Government Securities Fund - Constant Maturity Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹212,284.
Net Profit of ₹32,284
Invest Now

Returns for IDFC Government Securities Fund - Constant Maturity Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 0.9%
3 Month 0.5%
6 Month 7.1%
1 Year 12.6%
3 Year 11.9%
5 Year 10.9%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 14.2%
2018 11.8%
2017 6.2%
2016 10.1%
2015 9%
2014 12.6%
2013 10.6%
2012 8.6%
2011 1.9%
2010 3.5%
Fund Manager information for IDFC Government Securities Fund - Constant Maturity Plan
NameSinceTenure
Harshal Joshi15 May 173.3 Yr.

Data below for IDFC Government Securities Fund - Constant Maturity Plan as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash1.92%
Debt98.08%
Debt Sector Allocation
SectorValue
Government98.08%
Cash Equivalent1.92%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
85%₹257 Cr24,200,000
↑ 24,000,000
6.79% Govt Stock 2029
Sovereign Bonds | -
10%₹31 Cr3,000,000
↑ 3,000,000
6.19% Govt Stock 2034
Sovereign Bonds | -
2%₹5 Cr500,000
↑ 500,000
6.79% Govt Stock 2027
Sovereign Bonds | -
1%₹2 Cr200,000
7.17% Govt Stock 2028
Sovereign Bonds | -
0%₹1 Cr100,000
Triparty Repo
CBLO/Reverse Repo | -
1%₹3 Cr
Net Current Assets
Net Current Assets | -
1%₹2 Cr
Cash Margin - Ccil
CBLO/Reverse Repo | -
0%₹1 Cr

2. ICICI Prudential Constant Maturity Gilt Fund

The Scheme aims to provide reasonable returns by investing in portfolio of Government Securities with average maturity of around 10 years. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential Constant Maturity Gilt Fund is a Debt - 10 Yr Govt Bond fund was launched on 12 Sep 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 10.8% since its launch.  Ranked 6 in 10 Yr Govt Bond category.  Return for 2019 was 12.8% , 2018 was 9.7% and 2017 was 2.4% .

Below is the key information for ICICI Prudential Constant Maturity Gilt Fund

ICICI Prudential Constant Maturity Gilt Fund
Growth
Launch Date 12 Sep 14
NAV (25 Sep 20) ₹18.6137 ↓ -0.01   (-0.05 %)
Net Assets (Cr) ₹263 on 31 Aug 20
Category Debt - 10 Yr Govt Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.33
Sharpe Ratio 1.47
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-7 Days (0.25%),7 Days and above(NIL)
Yield to Maturity 6.16%
Effective Maturity 9 Years 8 Months 19 Days
Modified Duration 7 Years 4 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,377
31 Aug 17₹12,395
31 Aug 18₹12,487
31 Aug 19₹14,817
31 Aug 20₹16,463

ICICI Prudential Constant Maturity Gilt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹212,284.
Net Profit of ₹32,284
Invest Now

Returns for ICICI Prudential Constant Maturity Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 1.3%
3 Month 1.2%
6 Month 7.6%
1 Year 13.1%
3 Year 10.4%
5 Year 10.5%
10 Year
15 Year
Since launch 10.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 12.8%
2018 9.7%
2017 2.4%
2016 16.2%
2015 6.9%
2014
2013
2012
2011
2010
Fund Manager information for ICICI Prudential Constant Maturity Gilt Fund
NameSinceTenure
Rahul Goswami12 Sep 145.97 Yr.

Data below for ICICI Prudential Constant Maturity Gilt Fund as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash2.07%
Debt97.93%
Debt Sector Allocation
SectorValue
Government97.93%
Cash Equivalent2.07%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
5.77% GOI 2030
Sovereign Bonds | -
52%₹136 Cr14,000,000
↑ 14,000,000
7.88% GS 2030
Sovereign Bonds | -
34%₹89 Cr8,000,000
↑ 5,000,000
7.61% Govt Stock 2030
Sovereign Bonds | -
12%₹33 Cr3,000,000
↑ 3,000,000
Treps
CBLO/Reverse Repo | -
2%₹5 Cr
Net Current Assets
Net Current Assets | -
0%₹0 Cr

3. SBI Magnum Constant Maturity Fund

(Erstwhile SBI Magnum Gilt Fund Short Term)

To provide the investors with the returns generated through investments in government securities issued by the Central Govt. and State Govt.

SBI Magnum Constant Maturity Fund is a Debt - 10 Yr Govt Bond fund was launched on 30 Dec 00. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 8.3% since its launch.  Ranked 1 in 10 Yr Govt Bond category.  Return for 2019 was 11.9% , 2018 was 9.9% and 2017 was 6.2% .

Below is the key information for SBI Magnum Constant Maturity Fund

SBI Magnum Constant Maturity Fund
Growth
Launch Date 30 Dec 00
NAV (25 Sep 20) ₹48.513 ↓ -0.01   (-0.02 %)
Net Assets (Cr) ₹733 on 31 Aug 20
Category Debt - 10 Yr Govt Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderately Low
Expense Ratio 0.75
Sharpe Ratio 1.09
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.31%
Effective Maturity 9 Years 9 Months 18 Days
Modified Duration 6 Years 9 Months

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,073
31 Aug 17₹12,222
31 Aug 18₹12,738
31 Aug 19₹14,962
31 Aug 20₹16,310

SBI Magnum Constant Maturity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹212,284.
Net Profit of ₹32,284
Invest Now

Returns for SBI Magnum Constant Maturity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 1.1%
3 Month 0.8%
6 Month 6.4%
1 Year 10.7%
3 Year 10.4%
5 Year 10.4%
10 Year
15 Year
Since launch 8.3%
Historical performance (Yearly) on absolute basis
YearReturns
2019 11.9%
2018 9.9%
2017 6.2%
2016 12.8%
2015 9.1%
2014 12.6%
2013 8.7%
2012 9.2%
2011 8.4%
2010 5.2%
Fund Manager information for SBI Magnum Constant Maturity Fund
NameSinceTenure
Dinesh Ahuja25 Jan 200.6 Yr.

Data below for SBI Magnum Constant Maturity Fund as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash1.62%
Debt98.38%
Debt Sector Allocation
SectorValue
Government98.38%
Cash Equivalent1.62%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
54%₹398 Cr37,500,000
↑ 12,000,000
7.57% Govt Stock 2033
Sovereign Bonds | -
26%₹191 Cr17,500,000
↑ 500,000
5.79% Govt Stock 2030
Sovereign Bonds | -
16%₹117 Cr12,000,000
↑ 500,000
6.19% Govt Stock 2034
Sovereign Bonds | -
1%₹10 Cr1,000,000
↑ 1,000,000
6.45% Govt Stock 2029
Sovereign Bonds | -
1%₹5 Cr500,000
Treps
CBLO/Reverse Repo | -
1%₹9 Cr
Net Receivable / Payable
CBLO | -
0%₹3 Cr

4. DSP BlackRock 10Y G-Sec Fund

(Erstwhile DSP BlackRock Constant Maturity 10Y G-Sec Fund)

The investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio of Government Securities with weighted average maturity of around 10 years. There is no assurance that the investment objective of the Scheme will be realized.

DSP BlackRock 10Y G-Sec Fund is a Debt - 10 Yr Govt Bond fund was launched on 26 Sep 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9.4% since its launch.  Ranked 8 in 10 Yr Govt Bond category.  Return for 2019 was 10.8% , 2018 was 5.9% and 2017 was 2.3% .

Below is the key information for DSP BlackRock 10Y G-Sec Fund

DSP BlackRock 10Y G-Sec Fund
Growth
Launch Date 26 Sep 14
NAV (25 Sep 20) ₹17.1665 ↓ -0.04   (-0.21 %)
Net Assets (Cr) ₹42 on 31 Aug 20
Category Debt - 10 Yr Govt Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderate
Expense Ratio 0.46
Sharpe Ratio 1.06
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 5.94%
Effective Maturity 9 Years 4 Months 2 Days
Modified Duration 6 Years 11 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹11,255
31 Aug 17₹12,444
31 Aug 18₹12,108
31 Aug 19₹14,073
31 Aug 20₹15,400

DSP BlackRock 10Y G-Sec Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for DSP BlackRock 10Y G-Sec Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

DurationReturns
1 Month 1%
3 Month 0.1%
6 Month 6.2%
1 Year 11.5%
3 Year 7.8%
5 Year 9%
10 Year
15 Year
Since launch 9.4%
Historical performance (Yearly) on absolute basis
YearReturns
2019 10.8%
2018 5.9%
2017 2.3%
2016 15.5%
2015 6.6%
2014
2013
2012
2011
2010
Fund Manager information for DSP BlackRock 10Y G-Sec Fund
NameSinceTenure
Vikram Chopra17 Jul 164.13 Yr.
Vivek Ved17 Jul 164.13 Yr.

Data below for DSP BlackRock 10Y G-Sec Fund as on 31 Aug 20

Asset Allocation
Asset ClassValue
Cash5.91%
Debt94.09%
Debt Sector Allocation
SectorValue
Government94.09%
Cash Equivalent5.91%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
5.77% GOI 2030
Sovereign Bonds | -
94%₹39 Cr4,000,000
↑ 4,000,000
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
5%₹2 Cr
Net Receivables/Payables
Net Current Assets | -
1%₹0 Cr

Returns and risks

Since g-secs are the most liquid of all instruments in the debt market, g-sec funds carry no credit risk because the Government of India is the borrower. Since the government typically doesn’t default unlike a corporate, gilt funds don’t carry a credit risk.

That is also why government securities are sovereign rated. That’s as good as—or considered to be better than—a AAA rating.

Risks

Does that mean g-sec funds carry no risk? No. They carry interest rate risk. Typically, g-sec funds invest in securities that mature over a long period of time. As a debt security’s maturity goes up, it becomes more sensitive to interest rate movements.

If interest rates drop, prices of debt securities rise. The higher maturity scrips’ prices rise sharper than the rest. Similarly, when interest rates rise, prices of debt securities fall. Here’s where g-sec funds can suffer the most, as their average maturity is typically the highest.

Typically, a g-sec fund’s average maturity is higher than the fund house’s own bond fund that invests a part of its portfolio in gilts. In fact, for a bond fund manager, the easiest way to increase a bond fund’s maturity is by buying gilts. Hence, gilt funds are usually more volatile than bond funds.

Returns

As per figures provided to us by Crisil, a rating agency, gilt funds have given 3-year returns of as high as 16% and as low as little less than zero returns—which means they have also lost money—between January 2007 and now. The 5-year returns in the same period have gone as high as 13% and as low as 1.02%.

Why Invest in Govt Bond Funds?

If you understand debt markets well, then gilt funds are for you. If you expect interest rates to fall, then a small exposure to gilt funds is a good idea because, typically, these funds move the most of all debt funds when interest rate move. Remember: in such times, you make money only when you actually withdraw your money and encash.

How to Invest in Govt Bond Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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