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Best Government Bond Mutual Funds 2019

Updated on November 17, 2019 , 7703 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 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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2018 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
IDFC Government Securities Fund - Investment Plan Growth ₹24.3771
↑ 0.04
₹47128.815.87.57.87.01%7Y 3M 14D11Y 5M 23D
DSP BlackRock Government Securities Fund Growth ₹65.1851
↑ 0.08
₹5862.18.915.46.97.46.78%6Y 4M 17D10Y 4M 17D
Reliance Gilt Securities Fund Growth ₹27.1825
↑ 0.03
₹1,0901.78.515.27.686.66%5Y 10M 24D8Y 4M 20D
SBI Magnum Gilt Fund Growth ₹44.8132
↑ 0.05
₹1,9441.69.1157.25.16.06%4Y 2M 19D6Y 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

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 8.5% since its launch.  Ranked 14 in Government Bond category.  Return for 2018 was 7.8% , 2017 was 3.1% and 2016 was 13.9% .

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 (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.

DateValue
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

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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Suyash Choudhary15 Oct 108.63 Yr.

Data below for IDFC Government Securities Fund - Investment Plan as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash0.04%
Debt99.96%
Debt Sector Allocation
SectorValue
Government97.08%
Cash Equivalent2.92%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.24% Govt Stock 2027
Sovereign Bonds | -
37%₹167 Cr15,500,000
↑ 14,400,000
GOVT STOCK
Sovereign Bonds | -
33%₹149 Cr14,400,000
↑ 12,100,000
7.59% Govt Stock 2026
Sovereign Bonds | -
17%₹78 Cr7,500,000
↑ 3,600,000
GOVT STOCK
Sovereign Bonds | -
9%₹42 Cr4,000,000
↑ 4,000,000
7.61% Govt Stock 2030
Sovereign Bonds | -
3%₹16 Cr1,500,000
↓ -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 Cr6,300
↓ -22,700,000

2. 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 9.8% since its launch.  Ranked 9 in Government Bond category.  Return for 2018 was 7.4% , 2017 was 1.4% and 2016 was 15.3% .

Below is the key information for DSP BlackRock Government Securities Fund

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.

DateValue
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

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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Vikram Chopra17 Jul 163.29 Yr.
Saurabh Bhatia1 Mar 181.67 Yr.

Data below for DSP BlackRock Government Securities Fund as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash9.73%
Debt90.27%
Debt Sector Allocation
SectorValue
Government90.02%
Cash Equivalent9.98%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GOVT STOCK
Sovereign Bonds | -
22%₹128 Cr12,000,000
↓ -500,000
GOVT STOCK
Sovereign Bonds | -
22%₹123 Cr11,500,000
↑ 5,500,000
6.79% Govt Stock 2029
Sovereign Bonds | -
18%₹101 Cr10,000,000
↓ -5,000,000
7.26% Govt Stock 2029
Sovereign Bonds | -
15%₹84 Cr8,000,000
↓ -3,000,000
7.95% Govt Stock 2032
Sovereign Bonds | -
12%₹70 Cr6,500,000
↑ 6,500,000
India (Republic of) 7.26%
Sovereign Bonds | -
9%-₹52 Cr5,000,000
↑ 5,000,000
Cash Offset For Derivatives
Derivative Margin | -
9%₹52 Cr5,187
↓ -50
7.17% Govt Stock 2028
Sovereign Bonds | -
8%₹47 Cr4,500,000
↑ 4,500,000
7.06% Govt Stock 2046
Sovereign Bonds | -
2%₹10 Cr1,000,000
↑ 1,000,000
6.83% Govt Stock 2039
Sovereign Bonds | -
1%₹5 Cr500,000
↑ 500,000

3. Reliance Gilt Securities Fund

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 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% .

Below is the key information for Reliance Gilt Securities Fund

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.

DateValue
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

Reliance Gilt 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 Reliance Gilt 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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Prashant Pimple30 Mar 0910.6 Yr.
Kinjal Desai16 Jul 181.29 Yr.

Data below for Reliance Gilt Securities Fund as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash2.38%
Debt97.54%
Other0.07%
Debt Sector Allocation
SectorValue
Government97.54%
Cash Equivalent2.38%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GOVT STOCK
Sovereign Bonds | -
39%₹415 Cr40,000,000
↑ 25,000,000
GOVT STOCK
Sovereign Bonds | -
24%₹256 Cr24,702,900
↑ 2,500,000
GOVT STOCK
Sovereign Bonds | -
20%₹219 Cr20,856,100
↑ 10,625,000
8.24% Govt Stock 2027
Sovereign Bonds | -
14%₹145 Cr13,500,000
↑ 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 Cr500,000
↓ -24,500,000
7.17% Govt Stock 2028
Sovereign Bonds | -
0%₹3 Cr283,700
↓ -10,000,000
Cash Margin - Ccil
Receivables | -
0%₹1 Cr
7.37% Govt Stock 2023
Sovereign Bonds | -
0%₹1 Cr63,200

4. SBI Magnum Gilt Fund

(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 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% .

Below is the key information for SBI Magnum Gilt Fund

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.

DateValue
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

SBI Magnum 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 SBI Magnum 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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Dinesh Ahuja1 Feb 118.25 Yr.

Data below for SBI Magnum Gilt Fund as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash25.44%
Debt74.56%
Debt Sector Allocation
SectorValue
Government74.56%
Cash Equivalent25.44%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
33%₹618 Cr59,500,000
↑ 38,500,000
6.79% Govt Stock 2029
Sovereign Bonds | -
18%₹343 Cr34,500,000
↓ -7,000,000
91 DTB 31102019
Sovereign Bonds | -
13%₹249 Cr25,000,000
↑ 25,000,000
Treps
CBLO/Reverse Repo | -
12%₹230 Cr
GOVT STOCK
Sovereign Bonds | -
11%₹207 Cr20,000,000
↓ -13,000,000
GOVT STOCK
Sovereign Bonds | -
6%₹105 Cr10,000,000
↑ 2,000,000
6.68% Govt Stock 2031
Sovereign Bonds | -
5%₹98 Cr10,000,000
7.18% MH SDL 2029
Sovereign Bonds | -
1%₹20 Cr2,000,000
↓ -3,000,000
Net Receivable / Payable
- | -
0%₹8 Cr
GOVT STOCK
Sovereign Bonds | -
0%₹5 Cr500,000
↓ -2,500,000

Best 10 Year-Government Bond Mutual Funds To Invest In 2019

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2018 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
IDFC Government Securities Fund - Constant Maturity Plan Growth ₹31.5558
↑ 0.05
₹12629.518.110.611.87.04%7Y 3M 14D11Y 4M 6D
SBI Magnum Constant Maturity Fund Growth ₹44.5718
↑ 0.07
₹4811.89.215.59.79.96.62%6Y 6M 29D9Y 8M 19D
ICICI Prudential Constant Maturity Gilt Fund Growth ₹16.7649
↑ 0.02
₹862.19.416.48.19.76.97%6Y 11M 19D10Y 2M 5D
DSP BlackRock 10Y G-Sec Fund Growth ₹15.6673
↑ 0.01
₹441.28.514.26.35.96.7%6Y 7M 10D9Y 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

(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 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% .

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 (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.

DateValue
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

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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Harshal Joshi15 May 172.46 Yr.

Data below for IDFC Government Securities Fund - Constant Maturity Plan as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash4.38%
Debt95.62%
Debt Sector Allocation
SectorValue
Government98.09%
Cash Equivalent1.91%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.88% GS 2030
Sovereign Bonds | -
60%₹75 Cr7,000,000
↑ 4,000,000
GOVT STOCK
Sovereign Bonds | -
17%₹21 Cr2,000,000
↑ 2,000,000
8.24% Govt Stock 2027
Sovereign Bonds | -
12%₹15 Cr1,400,000
↑ 1,400,000
7.61% Govt Stock 2030
Sovereign Bonds | -
4%₹5 Cr500,000
↑ 500,000
6.68% Govt Stock 2031
Sovereign Bonds | -
4%₹5 Cr500,000
↓ -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 Cr30,000
↓ -2,970,000

2. 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 8.2% 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% .

Below is the key information for SBI Magnum Constant Maturity Fund

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.

DateValue
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

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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Mahak Khabhia7 May 181.49 Yr.

Data below for SBI Magnum Constant Maturity Fund as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash12.84%
Debt87.16%
Debt Sector Allocation
SectorValue
Government87.16%
Cash Equivalent12.84%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
37%₹166 Cr16,000,000
↑ 6,000,000
6.68% Govt Stock 2031
Sovereign Bonds | -
27%₹122 Cr12,500,000
↓ -4,000,000
7.95% Govt Stock 2032
Sovereign Bonds | -
23%₹102 Cr9,500,000
↑ 9,500,000
Treps
CBLO/Reverse Repo | -
13%₹58 Cr
Net Receivable / Payable
- | -
1%₹3 Cr

3. ICICI Prudential Constant Maturity Gilt Fund

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 10.5% 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% .

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 (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.

DateValue
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

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 ₹209,201.
Net Profit of ₹29,201
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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Rahul Goswami12 Sep 145.05 Yr.

Data below for ICICI Prudential Constant Maturity Gilt Fund as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash2.14%
Debt97.86%
Debt Sector Allocation
SectorValue
Government97.86%
Cash Equivalent2.14%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.79% Govt Stock 2029
Sovereign Bonds | -
49%₹42 Cr4,250,000
↑ 400,000
7.59% Govt Stock 2029
Sovereign Bonds | -
30%₹26 Cr2,500,000
GOVT STOCK
Sovereign Bonds | -
15%₹13 Cr1,200,000
↑ 200,000
7.26% Govt Stock 2029
Sovereign Bonds | -
4%₹3 Cr300,000
Net Current Assets
Net Current Assets | -
2%₹2 Cr
Treps
CBLO/Reverse Repo | -
0%₹0 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 9.1% 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% .

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 (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.

DateValue
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

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 ₹206,148.
Net Profit of ₹26,148
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 19 Nov 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Vikram Chopra17 Jul 162.87 Yr.
Vivek Ved17 Jul 162.87 Yr.

Data below for DSP BlackRock 10Y G-Sec Fund as on 31 Oct 19

Asset Allocation
Asset ClassValue
Cash3.66%
Debt96.34%
Debt Sector Allocation
SectorValue
Government93.31%
Cash Equivalent6.69%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
96%₹41 Cr3,844,500
↓ -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?

  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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