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Best Government Bond Mutual Funds 2024

Updated on March 24, 2024 , 101681 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 2024.

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.

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.

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Best Government Bond Mutual Funds To Invest In 2024

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
DSP BlackRock Government Securities Fund Growth ₹86.54
↓ 0.00
₹7133.44.695.77.17.27%10Y 6M 7D26Y 3M 4D
IDFC Government Securities Fund - Investment Plan Growth ₹32.0411
↓ -0.02
₹1,5433.95.48.85.36.87.27%11Y 6M27Y 2M 12D
ICICI Prudential Gilt Fund Growth ₹92.449
↑ 0.07
₹4,8792.13.68.768.37.51%4Y 11M 5D9Y 6M 11D
Invesco India Gilt Fund Growth ₹2,569.7
↓ -0.85
₹2473.45.18.74.76.67.25%10Y 2M 8D22Y 4M 20D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Mar 24

1. 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 9.2% since its launch.  Ranked 9 in Government Bond category.  Return for 2023 was 7.1% , 2022 was 2.7% and 2021 was 3.1% .

Below is the key information for DSP BlackRock Government Securities Fund

DSP BlackRock Government Securities Fund
Growth
Launch Date 30 Sep 99
NAV (26 Mar 24) ₹86.54 ↓ 0.00   (0.00 %)
Net Assets (Cr) ₹713 on 29 Feb 24
Category Debt - Government Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderate
Expense Ratio 1.09
Sharpe Ratio 1.13
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-7 Days (0.1%),7 Days and above(NIL)
Yield to Maturity 7.27%
Effective Maturity 26 Years 3 Months 4 Days
Modified Duration 10 Years 6 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,562
28 Feb 21₹12,469
28 Feb 22₹13,053
28 Feb 23₹13,469
29 Feb 24₹14,794

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 ₹203,125.
Net Profit of ₹23,125
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 26 Mar 24

DurationReturns
1 Month 0.1%
3 Month 3.4%
6 Month 4.6%
1 Year 9%
3 Year 5.7%
5 Year 7.9%
10 Year
15 Year
Since launch 9.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.1%
2022 2.7%
2021 3.1%
2020 13.1%
2019 12.5%
2018 7.4%
2017 1.4%
2016 15.3%
2015 6.2%
2014 15%
Fund Manager information for DSP BlackRock Government Securities Fund
NameSinceTenure
Shantanu Godambe1 Jun 230.75 Yr.

Data below for DSP BlackRock Government Securities Fund as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash0.27%
Debt99.73%
Debt Sector Allocation
SectorValue
Government99.73%
Cash Equivalent0.27%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
34%₹247 Cr24,500,000
↑ 14,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
23%₹166 Cr16,500,000
↑ 11,500,000
7.3% Govt Stock 2053
Sovereign Bonds | -
22%₹160 Cr15,500,000
↑ 9,500,000
7.25% Govt Stock 2063
Sovereign Bonds | -
21%₹149 Cr14,500,000
↓ -500,000
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
4%₹28 Cr
Net Receivables/Payables
Net Current Assets | -
4%-₹26 Cr
6.99% Govt Stock 2051
Sovereign Bonds | -
₹0 Cr00
↓ -10,000,000
364 DTB 08022024
Sovereign Bonds | -
₹0 Cr00
↓ -5,000,000
7.36% Govt Stock 2052
Sovereign Bonds | -
₹0 Cr00
↓ -10,500,000

2. 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 7.9% since its launch.  Ranked 14 in Government Bond category.  Return for 2023 was 6.8% , 2022 was 1.4% and 2021 was 2.1% .

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 (26 Mar 24) ₹32.0411 ↓ -0.02   (-0.05 %)
Net Assets (Cr) ₹1,543 on 29 Feb 24
Category Debt - Government Bond
AMC IDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.24
Sharpe Ratio 1.02
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.27%
Effective Maturity 27 Years 2 Months 12 Days
Modified Duration 11 Years 6 Months

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,700
28 Feb 21₹12,588
28 Feb 22₹13,251
28 Feb 23₹13,417
29 Feb 24₹14,764

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 ₹203,125.
Net Profit of ₹23,125
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 26 Mar 24

DurationReturns
1 Month 0.1%
3 Month 3.9%
6 Month 5.4%
1 Year 8.8%
3 Year 5.3%
5 Year 7.6%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.8%
2022 1.4%
2021 2.1%
2020 13.7%
2019 13.3%
2018 7.8%
2017 3.1%
2016 13.9%
2015 6%
2014 16.5%
Fund Manager information for IDFC Government Securities Fund - Investment Plan
NameSinceTenure
Suyash Choudhary15 Oct 1013.39 Yr.
Sreejith Balasubramanian31 Aug 230.5 Yr.

Data below for IDFC Government Securities Fund - Investment Plan as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash1.09%
Debt98.91%
Debt Sector Allocation
SectorValue
Government98.91%
Cash Equivalent1.09%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.3% Govt Stock 2053
Sovereign Bonds | -
86%₹1,320 Cr129,800,000
↑ 18,800,000
7.18% Govt Stock 2037
Sovereign Bonds | -
13%₹200 Cr19,900,000
↓ -20,700,000
7.17% Govt Stock 2028
Sovereign Bonds | -
0%₹0 Cr6,300
Net Current Assets
Net Current Assets | -
1%₹18 Cr
Triparty Repo
CBLO/Reverse Repo | -
0%₹5 Cr
Cash Margin - Ccil
CBLO/Reverse Repo | -
0%₹0 Cr
7.18% Govt Stock 2033
Sovereign Bonds | -
₹0 Cr00
↓ -200,000

3. 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 9.5% since its launch.  Ranked 5 in Government Bond category.  Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% .

Below is the key information for ICICI Prudential Gilt Fund

ICICI Prudential Gilt Fund
Growth
Launch Date 19 Aug 99
NAV (26 Mar 24) ₹92.449 ↑ 0.07   (0.07 %)
Net Assets (Cr) ₹4,879 on 29 Feb 24
Category Debt - Government Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.12
Sharpe Ratio 1.97
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,344
28 Feb 21₹12,281
28 Feb 22₹12,855
28 Feb 23₹13,474
29 Feb 24₹14,671

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 ₹203,125.
Net Profit of ₹23,125
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 26 Mar 24

DurationReturns
1 Month 0.5%
3 Month 2.1%
6 Month 3.6%
1 Year 8.7%
3 Year 6%
5 Year 7.7%
10 Year
15 Year
Since launch 9.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Manish Banthia22 Jan 240.11 Yr.
Raunak Surana22 Jan 240.11 Yr.

Data below for ICICI Prudential Gilt Fund as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash5.97%
Debt94.03%
Debt Sector Allocation
SectorValue
Government94.03%
Cash Equivalent5.97%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
62%₹3,049 Cr302,974,590
↑ 112,500,000
8.25% Govt Stock 2033
Sovereign Bonds | -
23%₹1,103 Cr108,971,700
7.69% Govt Stock 2028
Sovereign Bonds | -
6%₹294 Cr29,490,899
↓ -13,333,750
7.18% Govt Stock 2037
Sovereign Bonds | -
2%₹75 Cr7,500,000
↑ 7,500,000
8.1% Govt Stock 2034
Sovereign Bonds | -
2%₹74 Cr7,500,000
7.37% Govt Stock 2028
Sovereign Bonds | -
0%₹3 Cr266,550
08.03 GOI FCI 2024
Domestic Bonds | -
0%₹3 Cr250,000
7.06% Govt Stock 2028
Sovereign Bonds | -
0%₹1 Cr133,450
↓ -42,000,000
08.05 RJ Sdl 2025feb
Sovereign Bonds | -
0%₹1 Cr56,000
7.38% Govt Stock 2027
Sovereign Bonds | -
0%₹0 Cr10,470
↓ -52,823,930

4. Invesco India Gilt Fund

The objective of the Scheme is to generate optimal returns by investing in a portfolio of securities issued and guaranteed by Central and State Government.

Invesco India Gilt Fund is a Debt - Government Bond fund was launched on 9 Feb 08. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 10 in Government Bond category.  Return for 2023 was 6.6% , 2022 was 2.3% and 2021 was 0.7% .

Below is the key information for Invesco India Gilt Fund

Invesco India Gilt Fund
Growth
Launch Date 9 Feb 08
NAV (26 Mar 24) ₹2,569.7 ↓ -0.85   (-0.03 %)
Net Assets (Cr) ₹247 on 29 Feb 24
Category Debt - Government Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 1.25
Sharpe Ratio 1.09
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.25%
Effective Maturity 22 Years 4 Months 20 Days
Modified Duration 10 Years 2 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,196
28 Feb 21₹11,617
28 Feb 22₹11,850
28 Feb 23₹12,250
29 Feb 24₹13,421

Invesco India 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 ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Invesco India 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 26 Mar 24

DurationReturns
1 Month 0.1%
3 Month 3.4%
6 Month 5.1%
1 Year 8.7%
3 Year 4.7%
5 Year 5.9%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.6%
2022 2.3%
2021 0.7%
2020 8.2%
2019 9.6%
2018 6.2%
2017 1.2%
2016 16.6%
2015 4.2%
2014 17%
Fund Manager information for Invesco India Gilt Fund
NameSinceTenure
Krishna Cheemalapati27 Jul 212.6 Yr.
Vikas Garg26 Sep 203.43 Yr.

Data below for Invesco India Gilt Fund as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash8.06%
Debt91.94%
Debt Sector Allocation
SectorValue
Government91.94%
Cash Equivalent8.06%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.3% Govt Stock 2053
Sovereign Bonds | -
52%₹86 Cr8,470,000
↑ 4,900,000
7.18% Govt Stock 2037
Sovereign Bonds | -
40%₹65 Cr6,500,000
↑ 2,900,000
Triparty Repo
CBLO/Reverse Repo | -
7%₹12 Cr
Net Receivables / (Payables)
Net Current Assets | -
1%₹2 Cr

Best 10 Year-Government Bond Mutual Funds To Invest In 2024

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
ICICI Prudential Constant Maturity Gilt Fund Growth ₹21.9363
↑ 0.01
₹2,4572.33.88.25.17.77.27%6Y 6M 29D9Y 6M
SBI Magnum Constant Maturity Fund Growth ₹56.8439
↓ -0.01
₹1,6372.33.7857.57.23%6Y 10M 10D9Y 9M 25D
IDFC Government Securities Fund - Constant Maturity Plan Growth ₹40.5756
↑ 0.01
₹3412.54.18.24.67.47.23%7Y 25D10Y 5M 26D
DSP BlackRock 10Y G-Sec Fund Growth ₹19.4919
↑ 0.01
₹492.33.78.23.77.77.2%6Y 8M 8D9Y 4M 10D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Mar 24

1. 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 8.6% since its launch.  Ranked 6 in 10 Yr Govt Bond category.  Return for 2023 was 7.7% , 2022 was 1.2% and 2021 was 2.8% .

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 (26 Mar 24) ₹21.9363 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹2,457 on 29 Feb 24
Category Debt - 10 Yr Govt Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.39
Sharpe Ratio 0.84
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 7.27%
Effective Maturity 9 Years 6 Months
Modified Duration 6 Years 6 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,629
28 Feb 21₹12,530
28 Feb 22₹13,149
28 Feb 23₹13,397
29 Feb 24₹14,636

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 ₹203,125.
Net Profit of ₹23,125
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 26 Mar 24

DurationReturns
1 Month 0.4%
3 Month 2.3%
6 Month 3.8%
1 Year 8.2%
3 Year 5.1%
5 Year 7.7%
10 Year
15 Year
Since launch 8.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.7%
2022 1.2%
2021 2.8%
2020 13.6%
2019 12.8%
2018 9.7%
2017 2.4%
2016 16.2%
2015 6.9%
2014
Fund Manager information for ICICI Prudential Constant Maturity Gilt Fund
NameSinceTenure
Manish Banthia22 Jan 240.11 Yr.
Raunak Surana22 Jan 240.11 Yr.

Data below for ICICI Prudential Constant Maturity Gilt Fund as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash0.28%
Debt99.72%
Debt Sector Allocation
SectorValue
Government99.72%
Cash Equivalent0.28%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
100%₹2,434 Cr241,845,100
↑ 11,000,000
Treps
CBLO/Reverse Repo | -
0%₹6 Cr
Net Current Assets
Net Current Assets | -
0%₹1 Cr

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 7.8% since its launch.  Ranked 1 in 10 Yr Govt Bond category.  Return for 2023 was 7.5% , 2022 was 1.3% and 2021 was 2.4% .

Below is the key information for SBI Magnum Constant Maturity Fund

SBI Magnum Constant Maturity Fund
Growth
Launch Date 30 Dec 00
NAV (26 Mar 24) ₹56.8439 ↓ -0.01   (-0.02 %)
Net Assets (Cr) ₹1,637 on 29 Feb 24
Category Debt - 10 Yr Govt Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderately Low
Expense Ratio 0.64
Sharpe Ratio 0.77
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.23%
Effective Maturity 9 Years 9 Months 25 Days
Modified Duration 6 Years 10 Months 10 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,536
28 Feb 21₹12,195
28 Feb 22₹12,769
28 Feb 23₹13,043
29 Feb 24₹14,226

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 ₹203,125.
Net Profit of ₹23,125
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 26 Mar 24

DurationReturns
1 Month 0.3%
3 Month 2.3%
6 Month 3.7%
1 Year 8%
3 Year 5%
5 Year 7.1%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.5%
2022 1.3%
2021 2.4%
2020 11.6%
2019 11.9%
2018 9.9%
2017 6.2%
2016 12.8%
2015 9.1%
2014 12.6%
Fund Manager information for SBI Magnum Constant Maturity Fund
NameSinceTenure
Rajeev Radhakrishnan1 Nov 230.33 Yr.
Tejas Soman1 Dec 230.25 Yr.

Data below for SBI Magnum Constant Maturity Fund as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash1.39%
Debt98.61%
Debt Sector Allocation
SectorValue
Government98.61%
Cash Equivalent1.39%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
63%₹1,030 Cr102,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
19%₹306 Cr30,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
17%₹282 Cr28,000,000
↑ 1,000,000
Treps
CBLO/Reverse Repo | -
1%₹11 Cr
Net Receivable / Payable
CBLO | -
0%₹8 Cr

3. 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 6.6% since its launch.  Ranked 2 in 10 Yr Govt Bond category.  Return for 2023 was 7.4% , 2022 was 0.7% and 2021 was 1.8% .

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 (26 Mar 24) ₹40.5756 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹341 on 29 Feb 24
Category Debt - 10 Yr Govt Bond
AMC IDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.63
Sharpe Ratio 0.87
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.23%
Effective Maturity 10 Years 5 Months 26 Days
Modified Duration 7 Years 25 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,807
28 Feb 21₹12,602
28 Feb 22₹13,101
28 Feb 23₹13,319
29 Feb 24₹14,561

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 ₹203,125.
Net Profit of ₹23,125
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 26 Mar 24

DurationReturns
1 Month 0.3%
3 Month 2.5%
6 Month 4.1%
1 Year 8.2%
3 Year 4.6%
5 Year 7.4%
10 Year
15 Year
Since launch 6.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 0.7%
2021 1.8%
2020 13.2%
2019 14.2%
2018 11.8%
2017 6.2%
2016 10.1%
2015 9%
2014 12.6%
Fund Manager information for IDFC Government Securities Fund - Constant Maturity Plan
NameSinceTenure
Harshal Joshi15 May 176.8 Yr.
Sreejith Balasubramanian31 Aug 230.5 Yr.

Data below for IDFC Government Securities Fund - Constant Maturity Plan as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash3.81%
Debt96.19%
Debt Sector Allocation
SectorValue
Government96.19%
Cash Equivalent3.81%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
50%₹171 Cr17,000,000
↑ 1,000,000
6.54% Govt Stock 2032
Sovereign Bonds | -
26%₹87 Cr9,050,000
7.26% Govt Stock 2032
Sovereign Bonds | -
19%₹66 Cr6,500,000
8.24% Govt Stock 2027
Sovereign Bonds | -
1%₹2 Cr217,000
6.79% Govt Stock 2027
Sovereign Bonds | -
0%₹2 Cr152,000
7.17% Govt Stock 2028
Sovereign Bonds | -
0%₹1 Cr71,000
Triparty Repo
CBLO/Reverse Repo | -
3%₹10 Cr
Net Current Assets
Net Current Assets | -
1%₹2 Cr
Cash Margin - Ccil
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 7.3% since its launch.  Ranked 8 in 10 Yr Govt Bond category.  Return for 2023 was 7.7% , 2022 was 0.1% and 2021 was 0.7% .

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 (26 Mar 24) ₹19.4919 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹49 on 29 Feb 24
Category Debt - 10 Yr Govt Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderate
Expense Ratio 0.52
Sharpe Ratio 0.83
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-7 Days (0.1%),7 Days and above(NIL)
Yield to Maturity 7.2%
Effective Maturity 9 Years 4 Months 10 Days
Modified Duration 6 Years 8 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,431
28 Feb 21₹12,210
28 Feb 22₹12,358
28 Feb 23₹12,545
29 Feb 24₹13,710

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 ₹200,132.
Net Profit of ₹20,132
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 26 Mar 24

DurationReturns
1 Month 0.4%
3 Month 2.3%
6 Month 3.7%
1 Year 8.2%
3 Year 3.7%
5 Year 6.4%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.7%
2022 0.1%
2021 0.7%
2020 11.8%
2019 10.8%
2018 5.9%
2017 2.3%
2016 15.5%
2015 6.6%
2014
Fund Manager information for DSP BlackRock 10Y G-Sec Fund
NameSinceTenure
Laukik Bagwe1 Aug 212.58 Yr.
Shantanu Godambe1 Jul 230.67 Yr.

Data below for DSP BlackRock 10Y G-Sec Fund as on 29 Feb 24

Asset Allocation
Asset ClassValue
Cash1.23%
Debt98.77%
Debt Sector Allocation
SectorValue
Government98.77%
Cash Equivalent1.23%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
99%₹48 Cr4,790,000
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
1%₹0 Cr
Net Receivables/Payables
Net Current Assets | -
0%₹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%.

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

FAQs

1. What are government securities?

A: Government securities also work like government Bonds, but their origin is slightly different. The government issues a g-sec at the behest of the Reserve Bank of India. When the government borrows money from the RBI, the central bank gathers the money from banks and insurance companies. It then passes the government's debt, and the government gathers the money from investors in the form of government securities.

2. Who can invest in government bonds?

A: Earlier only major business enterprises would invest in government securities. However, nowadays, individual investors can purchase government bonds by investing in government securities like Edelweiss Government Securities Fund, Axis Gilt Fund, and ICICI Prudential Gilt Fund.

3. Are government bonds taxable?

A: Yes, the profit you earn from government bonds is taxable, but only if you fall under the taxable slab.

4. Are there any tax-free government bonds?

A: Yes, some tax-free government bonds such as those issued by the public sector enterprises such as the Rural Electrification Corporation or REC and the Housing Development Corporation or HUDCO. However, the Earnings from the tax-free government bonds are always lower than the taxable ones.

5. Is tax-free bonds taxable?

A: Yes, you will have to pay 10% tax on your tax-free government bonds if you sell these after one year. In this case, it will be categorized under long-term Capital gains and hence, become taxable.

6. Is there any risk involved in the government bonds?

A: There is hardly any risk of default involved with government bonds. If you invest in government bonds, you can be assured that you will get good returns on your investment. Additionally, these bonds are always adversely affected by market Volatility. Hence, these provide a certain amount of stability to your investments.

7. How do I evaluate government bonds?

A: When you invest in government bonds, you have to consider the NAV and the historical growth rate. For example, if you consider Edelweiss Government Securities Fund, which has a NAV of Rs. 18.7977 and a growth rate of 13.6% and compare it to ICICI Prudential Gilt Fund, which has a NAV of Rs. 77.1462 and a growth rate of 12.6%, then the former is a better investment than the latter. Thus, while when you compare government bonds, you will have to consider NAV and growth rate.

8. What is the most significant benefit of investing in government bonds?

A: Investing in government bonds is ideally suited for individuals who are averse to taking risks. Since the bonds issued by the government are not affected by Inflation and market volatility, you can be assured of an inevitable Return on Investment are the bond matures. Therefore, it is the ideal form of investment for individuals who want to protect their investment portfolio and not take risks.

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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