Table of Contents
Best Government Bond Mutual Funds 2019
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.
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 2019.
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 2019
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 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 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. Reliance 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 Reliance Gilt Securities 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity IDFC Government Securities Fund - Investment Plan Growth ₹24.3771
↑ 0.04 ₹471 2 8.8 15.8 7.5 7.8 7.01% 7Y 3M 14D 11Y 5M 23D DSP BlackRock Government Securities Fund Growth ₹65.1851
↑ 0.08 ₹586 2.1 8.9 15.4 6.9 7.4 6.78% 6Y 4M 17D 10Y 4M 17D Reliance Gilt Securities Fund Growth ₹27.1825
↑ 0.03 ₹1,090 1.7 8.5 15.2 7.6 8 6.66% 5Y 10M 24D 8Y 4M 20D SBI Magnum Gilt Fund Growth ₹44.8132
↑ 0.05 ₹1,944 1.6 9.1 15 7.2 5.1 6.06% 4Y 2M 19D 6Y 1M 13D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 19 1. IDFC Government Securities Fund - Investment Plan
CAGR/Annualized return of 8.5% since its launch. Ranked 14 in Government Bond category. Return for 2018 was 7.8% , 2017 was 3.1% and 2016 was 13.9% . IDFC Government Securities Fund - Investment Plan
Growth Launch Date 3 Dec 08 NAV (19 Nov 19) ₹24.3771 ↑ 0.04 (0.15 %) Net Assets (Cr) ₹471 on 31 Oct 19 Category Debt - Government Bond AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.05 Sharpe Ratio 2.69 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.01% Effective Maturity 11 Years 5 Months 23 Days Modified Duration 7 Years 3 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,155 31 Oct 16 ₹12,351 31 Oct 17 ₹13,250 31 Oct 18 ₹13,476 31 Oct 19 ₹15,736 Returns for IDFC Government Securities Fund - Investment Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 8.8% 1 Year 15.8% 3 Year 7.5% 5 Year 9.3% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 7.8% 2017 3.1% 2016 13.9% 2015 6% 2014 16.5% 2013 6.3% 2012 13% 2011 9.9% 2010 4% 2009 -8.5% Fund Manager information for IDFC Government Securities Fund - Investment Plan
Name Since Tenure Suyash Choudhary 15 Oct 10 8.63 Yr. Data below for IDFC Government Securities Fund - Investment Plan as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 0.04% Debt 99.96% Debt Sector Allocation
Sector Value Government 97.08% Cash Equivalent 2.92% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.24% Govt Stock 2027
Sovereign Bonds | -37% ₹167 Cr 15,500,000
↑ 14,400,000 GOVT STOCK
Sovereign Bonds | -33% ₹149 Cr 14,400,000
↑ 12,100,000 7.59% Govt Stock 2026
Sovereign Bonds | -17% ₹78 Cr 7,500,000
↑ 3,600,000 GOVT STOCK
Sovereign Bonds | -9% ₹42 Cr 4,000,000
↑ 4,000,000 7.61% Govt Stock 2030
Sovereign Bonds | -3% ₹16 Cr 1,500,000
↓ -1,500,000 Net Current Assets
Net Current Assets | -1% -₹3 Cr Triparty Repo
CBLO/Reverse Repo | -1% ₹2 Cr Cash Margin - Ccil
CBLO/Reverse Repo | -0% ₹0 Cr 7.17% Govt Stock 2028
Sovereign Bonds | -0% ₹0 Cr 6,300
↓ -22,700,000 2. DSP BlackRock Government Securities Fund
CAGR/Annualized return of 9.8% since its launch. Ranked 9 in Government Bond category. Return for 2018 was 7.4% , 2017 was 1.4% and 2016 was 15.3% . DSP BlackRock Government Securities Fund
Growth Launch Date 30 Sep 99 NAV (19 Nov 19) ₹65.1851 ↑ 0.08 (0.12 %) Net Assets (Cr) ₹586 on 31 Oct 19 Category Debt - Government Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderate Expense Ratio 1.37 Sharpe Ratio 3.14 Information Ratio 4.45 Alpha Ratio 8.15 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-7 Days (0.1%),7 Days and above(NIL) Yield to Maturity 6.78% Effective Maturity 10 Years 4 Months 17 Days Modified Duration 6 Years 4 Months 17 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,112 31 Oct 16 ₹12,490 31 Oct 17 ₹13,242 31 Oct 18 ₹13,471 31 Oct 19 ₹15,609 Returns for DSP BlackRock Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 8.9% 1 Year 15.4% 3 Year 6.9% 5 Year 9.1% 10 Year 15 Year Since launch 9.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 7.4% 2017 1.4% 2016 15.3% 2015 6.2% 2014 15% 2013 1.3% 2012 9% 2011 3.6% 2010 5% 2009 -3.1% Fund Manager information for DSP BlackRock Government Securities Fund
Name Since Tenure Vikram Chopra 17 Jul 16 3.29 Yr. Saurabh Bhatia 1 Mar 18 1.67 Yr. Data below for DSP BlackRock Government Securities Fund as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 9.73% Debt 90.27% Debt Sector Allocation
Sector Value Government 90.02% Cash Equivalent 9.98% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity GOVT STOCK
Sovereign Bonds | -22% ₹128 Cr 12,000,000
↓ -500,000 GOVT STOCK
Sovereign Bonds | -22% ₹123 Cr 11,500,000
↑ 5,500,000 6.79% Govt Stock 2029
Sovereign Bonds | -18% ₹101 Cr 10,000,000
↓ -5,000,000 7.26% Govt Stock 2029
Sovereign Bonds | -15% ₹84 Cr 8,000,000
↓ -3,000,000 7.95% Govt Stock 2032
Sovereign Bonds | -12% ₹70 Cr 6,500,000
↑ 6,500,000 India (Republic of) 7.26%
Sovereign Bonds | -9% -₹52 Cr 5,000,000
↑ 5,000,000 Cash Offset For Derivatives
Derivative Margin | -9% ₹52 Cr 5,187
↓ -50 7.17% Govt Stock 2028
Sovereign Bonds | -8% ₹47 Cr 4,500,000
↑ 4,500,000 7.06% Govt Stock 2046
Sovereign Bonds | -2% ₹10 Cr 1,000,000
↑ 1,000,000 6.83% Govt Stock 2039
Sovereign Bonds | -1% ₹5 Cr 500,000
↑ 500,000 3. Reliance Gilt Securities Fund
CAGR/Annualized return of 9.3% since its launch. Ranked 2 in Government Bond category. Return for 2018 was 8% , 2017 was 3.4% and 2016 was 17% . Reliance Gilt Securities Fund
Growth Launch Date 22 Aug 08 NAV (19 Nov 19) ₹27.1825 ↑ 0.03 (0.11 %) Net Assets (Cr) ₹1,090 on 31 Oct 19 Category Debt - Government Bond AMC Reliance Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.61 Sharpe Ratio 2.79 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 6.66% Effective Maturity 8 Years 4 Months 20 Days Modified Duration 5 Years 10 Months 24 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,216 31 Oct 16 ₹12,693 31 Oct 17 ₹13,690 31 Oct 18 ₹14,031 31 Oct 19 ₹16,234 Returns for Reliance Gilt Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.8% 3 Month 1.7% 6 Month 8.5% 1 Year 15.2% 3 Year 7.6% 5 Year 10% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 8% 2017 3.4% 2016 17% 2015 6.2% 2014 18.6% 2013 3.3% 2012 13% 2011 4.7% 2010 3.2% 2009 -9.7% Fund Manager information for Reliance Gilt Securities Fund
Name Since Tenure Prashant Pimple 30 Mar 09 10.6 Yr. Kinjal Desai 16 Jul 18 1.29 Yr. Data below for Reliance Gilt Securities Fund as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 2.38% Debt 97.54% Other 0.07% Debt Sector Allocation
Sector Value Government 97.54% Cash Equivalent 2.38% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity GOVT STOCK
Sovereign Bonds | -39% ₹415 Cr 40,000,000
↑ 25,000,000 GOVT STOCK
Sovereign Bonds | -24% ₹256 Cr 24,702,900
↑ 2,500,000 GOVT STOCK
Sovereign Bonds | -20% ₹219 Cr 20,856,100
↑ 10,625,000 8.24% Govt Stock 2027
Sovereign Bonds | -14% ₹145 Cr 13,500,000
↑ 1,500,000 Net Current Assets
Net Current Assets | -2% ₹22 Cr Triparty Repo
CBLO/Reverse Repo | -1% ₹8 Cr 6.79% Govt Stock 2029
Sovereign Bonds | -0% ₹5 Cr 500,000
↓ -24,500,000 7.17% Govt Stock 2028
Sovereign Bonds | -0% ₹3 Cr 283,700
↓ -10,000,000 Cash Margin - Ccil
Receivables | -0% ₹1 Cr 7.37% Govt Stock 2023
Sovereign Bonds | -0% ₹1 Cr 63,200 4. SBI Magnum Gilt Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 3 in Government Bond category. Return for 2018 was 5.1% , 2017 was 3.9% and 2016 was 16.3% . SBI Magnum Gilt Fund
Growth Launch Date 30 Dec 00 NAV (19 Nov 19) ₹44.8132 ↑ 0.05 (0.11 %) Net Assets (Cr) ₹1,944 on 31 Oct 19 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.07 Sharpe Ratio 2.61 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.06% Effective Maturity 6 Years 1 Month 13 Days Modified Duration 4 Years 2 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,385 31 Oct 16 ₹12,723 31 Oct 17 ₹13,848 31 Oct 18 ₹13,972 31 Oct 19 ₹16,082 Returns for SBI Magnum Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.8% 3 Month 1.6% 6 Month 9.1% 1 Year 15% 3 Year 7.2% 5 Year 9.8% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 5.1% 2017 3.9% 2016 16.3% 2015 7.3% 2014 19.9% 2013 6.4% 2012 11% 2011 5.8% 2010 4.7% 2009 -13.6% Fund Manager information for SBI Magnum Gilt Fund
Name Since Tenure Dinesh Ahuja 1 Feb 11 8.25 Yr. Data below for SBI Magnum Gilt Fund as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 25.44% Debt 74.56% Debt Sector Allocation
Sector Value Government 74.56% Cash Equivalent 25.44% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2029
Sovereign Bonds | -33% ₹618 Cr 59,500,000
↑ 38,500,000 6.79% Govt Stock 2029
Sovereign Bonds | -18% ₹343 Cr 34,500,000
↓ -7,000,000 91 DTB 31102019
Sovereign Bonds | -13% ₹249 Cr 25,000,000
↑ 25,000,000 Treps
CBLO/Reverse Repo | -12% ₹230 Cr GOVT STOCK
Sovereign Bonds | -11% ₹207 Cr 20,000,000
↓ -13,000,000 GOVT STOCK
Sovereign Bonds | -6% ₹105 Cr 10,000,000
↑ 2,000,000 6.68% Govt Stock 2031
Sovereign Bonds | -5% ₹98 Cr 10,000,000 7.18% MH SDL 2029
Sovereign Bonds | -1% ₹20 Cr 2,000,000
↓ -3,000,000 Net Receivable / Payable
- | -0% ₹8 Cr GOVT STOCK
Sovereign Bonds | -0% ₹5 Cr 500,000
↓ -2,500,000
Best 10 Year-Government Bond Mutual Funds To Invest In 2019
(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 Below is the key information for IDFC Government Securities Fund - Constant Maturity Plan Returns up to 1 year are on (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 Below is the key information for SBI Magnum Constant Maturity Fund Returns up to 1 year are on 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 Below is the key information for ICICI Prudential Constant Maturity Gilt Fund Returns up to 1 year are on (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 Below is the key information for DSP BlackRock 10Y G-Sec Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity IDFC Government Securities Fund - Constant Maturity Plan Growth ₹31.5558
↑ 0.05 ₹126 2 9.5 18.1 10.6 11.8 7.04% 7Y 3M 14D 11Y 4M 6D SBI Magnum Constant Maturity Fund Growth ₹44.5718
↑ 0.07 ₹481 1.8 9.2 15.5 9.7 9.9 6.62% 6Y 6M 29D 9Y 8M 19D ICICI Prudential Constant Maturity Gilt Fund Growth ₹16.7649
↑ 0.02 ₹86 2.1 9.4 16.4 8.1 9.7 6.97% 6Y 11M 19D 10Y 2M 5D DSP BlackRock 10Y G-Sec Fund Growth ₹15.6673
↑ 0.01 ₹44 1.2 8.5 14.2 6.3 5.9 6.7% 6Y 7M 10D 9Y 5M 23D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 19 1. IDFC Government Securities Fund - Constant Maturity Plan
CAGR/Annualized return of 6.7% since its launch. Ranked 2 in 10 Yr Govt Bond category. Return for 2018 was 11.8% , 2017 was 6.2% and 2016 was 10.1% . IDFC Government Securities Fund - Constant Maturity Plan
Growth Launch Date 9 Mar 02 NAV (19 Nov 19) ₹31.5558 ↑ 0.05 (0.15 %) Net Assets (Cr) ₹126 on 31 Oct 19 Category Debt - 10 Yr Govt Bond AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.47 Sharpe Ratio 2.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.04% Effective Maturity 11 Years 4 Months 6 Days Modified Duration 7 Years 3 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,038 31 Oct 16 ₹12,095 31 Oct 17 ₹13,085 31 Oct 18 ₹13,861 31 Oct 19 ₹16,487 Returns for IDFC Government Securities Fund - Constant Maturity Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.9% 3 Month 2% 6 Month 9.5% 1 Year 18.1% 3 Year 10.6% 5 Year 10.4% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2009 2.3% Fund Manager information for IDFC Government Securities Fund - Constant Maturity Plan
Name Since Tenure Harshal Joshi 15 May 17 2.46 Yr. Data below for IDFC Government Securities Fund - Constant Maturity Plan as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 4.38% Debt 95.62% Debt Sector Allocation
Sector Value Government 98.09% Cash Equivalent 1.91% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.88% GS 2030
Sovereign Bonds | -60% ₹75 Cr 7,000,000
↑ 4,000,000 GOVT STOCK
Sovereign Bonds | -17% ₹21 Cr 2,000,000
↑ 2,000,000 8.24% Govt Stock 2027
Sovereign Bonds | -12% ₹15 Cr 1,400,000
↑ 1,400,000 7.61% Govt Stock 2030
Sovereign Bonds | -4% ₹5 Cr 500,000
↑ 500,000 6.68% Govt Stock 2031
Sovereign Bonds | -4% ₹5 Cr 500,000
↓ -4,000,000 Triparty Repo
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr Cash Margin - Ccil
CBLO/Reverse Repo | -0% ₹0 Cr 7.26% Govt Stock 2029
Sovereign Bonds | -0% ₹0 Cr 30,000
↓ -2,970,000 2. SBI Magnum Constant Maturity Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 1 in 10 Yr Govt Bond category. Return for 2018 was 9.9% , 2017 was 6.2% and 2016 was 12.8% . SBI Magnum Constant Maturity Fund
Growth Launch Date 30 Dec 00 NAV (19 Nov 19) ₹44.5718 ↑ 0.07 (0.15 %) Net Assets (Cr) ₹481 on 31 Oct 19 Category Debt - 10 Yr Govt Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.75 Sharpe Ratio 2.61 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.62% Effective Maturity 9 Years 8 Months 19 Days Modified Duration 6 Years 6 Months 29 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,143 31 Oct 16 ₹12,380 31 Oct 17 ₹13,473 31 Oct 18 ₹14,241 31 Oct 19 ₹16,506 Returns for SBI Magnum Constant Maturity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.9% 3 Month 1.8% 6 Month 9.2% 1 Year 15.5% 3 Year 9.7% 5 Year 10.5% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2009 -3.2% Fund Manager information for SBI Magnum Constant Maturity Fund
Name Since Tenure Mahak Khabhia 7 May 18 1.49 Yr. Data below for SBI Magnum Constant Maturity Fund as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 12.84% Debt 87.16% Debt Sector Allocation
Sector Value Government 87.16% Cash Equivalent 12.84% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2029
Sovereign Bonds | -37% ₹166 Cr 16,000,000
↑ 6,000,000 6.68% Govt Stock 2031
Sovereign Bonds | -27% ₹122 Cr 12,500,000
↓ -4,000,000 7.95% Govt Stock 2032
Sovereign Bonds | -23% ₹102 Cr 9,500,000
↑ 9,500,000 Treps
CBLO/Reverse Repo | -13% ₹58 Cr Net Receivable / Payable
- | -1% ₹3 Cr 3. ICICI Prudential Constant Maturity Gilt Fund
CAGR/Annualized return of 10.5% since its launch. Ranked 6 in 10 Yr Govt Bond category. Return for 2018 was 9.7% , 2017 was 2.4% and 2016 was 16.2% . ICICI Prudential Constant Maturity Gilt Fund
Growth Launch Date 12 Sep 14 NAV (19 Nov 19) ₹16.7649 ↑ 0.02 (0.09 %) Net Assets (Cr) ₹86 on 31 Oct 19 Category Debt - 10 Yr Govt Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.33 Sharpe Ratio 2.57 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 6.97% Effective Maturity 10 Years 2 Months 5 Days Modified Duration 6 Years 11 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,117 31 Oct 16 ₹12,607 31 Oct 17 ₹13,390 31 Oct 18 ₹13,876 31 Oct 19 ₹16,219 Returns for ICICI Prudential Constant Maturity Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 0.9% 3 Month 2.1% 6 Month 9.4% 1 Year 16.4% 3 Year 8.1% 5 Year 10% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 9.7% 2017 2.4% 2016 16.2% 2015 6.9% 2014 2013 2012 2011 2010 2009 Fund Manager information for ICICI Prudential Constant Maturity Gilt Fund
Name Since Tenure Rahul Goswami 12 Sep 14 5.05 Yr. Data below for ICICI Prudential Constant Maturity Gilt Fund as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 2.14% Debt 97.86% Debt Sector Allocation
Sector Value Government 97.86% Cash Equivalent 2.14% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.79% Govt Stock 2029
Sovereign Bonds | -49% ₹42 Cr 4,250,000
↑ 400,000 7.59% Govt Stock 2029
Sovereign Bonds | -30% ₹26 Cr 2,500,000 GOVT STOCK
Sovereign Bonds | -15% ₹13 Cr 1,200,000
↑ 200,000 7.26% Govt Stock 2029
Sovereign Bonds | -4% ₹3 Cr 300,000 Net Current Assets
Net Current Assets | -2% ₹2 Cr Treps
CBLO/Reverse Repo | -0% ₹0 Cr 4. DSP BlackRock 10Y G-Sec Fund
CAGR/Annualized return of 9.1% since its launch. Ranked 8 in 10 Yr Govt Bond category. Return for 2018 was 5.9% , 2017 was 2.3% and 2016 was 15.5% . DSP BlackRock 10Y G-Sec Fund
Growth Launch Date 26 Sep 14 NAV (19 Nov 19) ₹15.6673 ↑ 0.01 (0.08 %) Net Assets (Cr) ₹44 on 31 Oct 19 Category Debt - 10 Yr Govt Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderate Expense Ratio 0.46 Sharpe Ratio 1.93 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 6.7% Effective Maturity 9 Years 5 Months 23 Days Modified Duration 6 Years 7 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,047 31 Oct 16 ₹12,418 31 Oct 17 ₹13,310 31 Oct 18 ₹13,318 31 Oct 19 ₹15,251 Returns for DSP BlackRock 10Y G-Sec Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 1% 3 Month 1.2% 6 Month 8.5% 1 Year 14.2% 3 Year 6.3% 5 Year 8.7% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2018 5.9% 2017 2.3% 2016 15.5% 2015 6.6% 2014 2013 2012 2011 2010 2009 Fund Manager information for DSP BlackRock 10Y G-Sec Fund
Name Since Tenure Vikram Chopra 17 Jul 16 2.87 Yr. Vivek Ved 17 Jul 16 2.87 Yr. Data below for DSP BlackRock 10Y G-Sec Fund as on 31 Oct 19
Asset Allocation
Asset Class Value Cash 3.66% Debt 96.34% Debt Sector Allocation
Sector Value Government 93.31% Cash Equivalent 6.69% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2029
Sovereign Bonds | -96% ₹41 Cr 3,844,500
↓ -416,300 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -4% ₹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?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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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