fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Best Govt Bond Funds

Best Government Bond Mutual Funds 2020

Updated on January 23, 2020 , 10096 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.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Best Government Bond Mutual Funds To Invest In 2020

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 ₹24.6795
↑ 0.05
₹4621.83.114.37.813.37.09%8Y 1M 10D12Y 9M
SBI Magnum Gilt Fund Growth ₹45.3496
↑ 0.04
₹1,9451.92.614.17.213.15.87%3Y 9M 29D5Y 11M 19D
DSP BlackRock Government Securities Fund Growth ₹65.6498
↑ 0.12
₹5961.32.813.36.612.56.84%7Y 7M 24D11Y 6M 22D
Nippon India Gilt Securities Fund Growth ₹27.4105
↑ 0.04
₹1,1181.52.613.17.612.46.86%6Y 8M 23D10Y 14D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 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 8.4% 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 (24 Jan 20) ₹24.6795 ↑ 0.05   (0.19 %)
Net Assets (Cr) ₹462 on 31 Dec 19
Category Debt - Government Bond
AMC IDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.05
Sharpe Ratio 2.09
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.09%
Effective Maturity 12 Years 9 Months
Modified Duration 8 Years 1 Month 10 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,599
31 Dec 16₹12,071
31 Dec 17₹12,447
31 Dec 18₹13,418
31 Dec 19₹15,196

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 ₹206,148.
Net Profit of ₹26,148
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 24 Jan 20

DurationReturns
1 Month 0.7%
3 Month 1.8%
6 Month 3.1%
1 Year 14.3%
3 Year 7.8%
5 Year 8.3%
10 Year
15 Year
Since launch 8.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 13.3%
2017 7.8%
2016 3.1%
2015 13.9%
2014 6%
2013 16.5%
2012 6.3%
2011 13%
2010 9.9%
2009 4%
Fund Manager information for IDFC Government Securities Fund - Investment Plan
NameSinceTenure
Suyash Choudhary15 Oct 109.22 Yr.

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

Asset Allocation
Asset ClassValue
Cash3.01%
Debt96.99%
Debt Sector Allocation
SectorValue
Government96.99%
Cash Equivalent3.01%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GOVT STOCK
Sovereign Bonds | -
68%₹325 Cr31,000,000
↑ 1,000,000
GOVT STOCK
Sovereign Bonds | -
26%₹125 Cr12,000,000
↑ 12,000,000
7.61% Govt Stock 2030
Sovereign Bonds | -
3%₹16 Cr1,500,000
Net Current Assets
Net Current Assets | -
3%₹12 Cr
Triparty Repo
CBLO/Reverse Repo | -
0%₹2 Cr
Cash Margin - Ccil
CBLO/Reverse Repo | -
0%₹0 Cr
7.17% Govt Stock 2028
Sovereign Bonds | -
0%₹0 Cr6,300

2. 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 2019 was 13.1% , 2018 was 5.1% and 2017 was 3.9% .

Below is the key information for SBI Magnum Gilt Fund

SBI Magnum Gilt Fund
Growth
Launch Date 30 Dec 00
NAV (24 Jan 20) ₹45.3496 ↑ 0.04   (0.09 %)
Net Assets (Cr) ₹1,945 on 31 Dec 19
Category Debt - Government Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.07
Sharpe Ratio 2.22
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 5.87%
Effective Maturity 5 Years 11 Months 19 Days
Modified Duration 3 Years 9 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,735
31 Dec 16₹12,482
31 Dec 17₹12,966
31 Dec 18₹13,629
31 Dec 19₹15,421

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 ₹206,148.
Net Profit of ₹26,148
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 24 Jan 20

DurationReturns
1 Month 0.5%
3 Month 1.9%
6 Month 2.6%
1 Year 14.1%
3 Year 7.2%
5 Year 8.6%
10 Year
15 Year
Since launch 8.3%
Historical performance (Yearly) on absolute basis
YearReturns
2018 13.1%
2017 5.1%
2016 3.9%
2015 16.3%
2014 7.3%
2013 19.9%
2012 6.4%
2011 11%
2010 5.8%
2009 4.7%
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 Dec 19

Asset Allocation
Asset ClassValue
Cash13.02%
Debt86.98%
Debt Sector Allocation
SectorValue
Government86.98%
Cash Equivalent13.02%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
46%₹870 Cr83,500,000
↑ 9,000,000
6.79% Govt Stock 2029
Sovereign Bonds | -
16%₹309 Cr31,000,000
GOVT STOCK
Sovereign Bonds | -
10%₹200 Cr20,000,000
↑ 20,000,000
GOVT STOCK
Sovereign Bonds | -
8%₹157 Cr15,000,000
↑ 15,000,000
91 DTB 30012020
Sovereign Bonds | -
8%₹149 Cr15,000,000
↓ -10,000,000
6.68% Govt Stock 2031
Sovereign Bonds | -
5%₹98 Cr10,000,000
Treps
CBLO/Reverse Repo | -
3%₹57 Cr
Net Receivable / Payable
Net Current Assets | -
2%₹42 Cr
7.17% Govt Stock 2028
Sovereign Bonds | -
1%₹21 Cr2,000,000

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 9.7% 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 (24 Jan 20) ₹65.6498 ↑ 0.12   (0.18 %)
Net Assets (Cr) ₹596 on 31 Dec 19
Category Debt - Government Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderate
Expense Ratio 1.37
Sharpe Ratio 2.35
Information Ratio 4.28
Alpha Ratio 8.01
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-7 Days (0.1%),7 Days and above(NIL)
Yield to Maturity 6.84%
Effective Maturity 11 Years 6 Months 22 Days
Modified Duration 7 Years 7 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,617
31 Dec 16₹12,246
31 Dec 17₹12,421
31 Dec 18₹13,337
31 Dec 19₹15,010

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 ₹206,148.
Net Profit of ₹26,148
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 24 Jan 20

DurationReturns
1 Month 0.6%
3 Month 1.3%
6 Month 2.8%
1 Year 13.3%
3 Year 6.6%
5 Year 8.1%
10 Year
15 Year
Since launch 9.7%
Historical performance (Yearly) on absolute basis
YearReturns
2018 12.5%
2017 7.4%
2016 1.4%
2015 15.3%
2014 6.2%
2013 15%
2012 1.3%
2011 9%
2010 3.6%
2009 5%
Fund Manager information for DSP BlackRock Government Securities Fund
NameSinceTenure
Vikram Chopra17 Jul 163.46 Yr.
Saurabh Bhatia1 Mar 181.84 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.92%
Debt99.08%
Debt Sector Allocation
SectorValue
Government99.08%
Cash Equivalent0.92%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GOVT STOCK
Sovereign Bonds | -
33%₹179 Cr16,500,000
7.88% GS 2030
Sovereign Bonds | -
24%₹130 Cr12,000,000
↓ -4,000,000
GOVT STOCK
Sovereign Bonds | -
21%₹116 Cr11,500,000
↑ 7,500,000
GOVT STOCK
Sovereign Bonds | -
11%₹58 Cr5,500,000
↓ -6,500,000
6.57% Govt Stock 2033
Sovereign Bonds | -
10%₹55 Cr5,500,000
↑ 5,500,000
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
1%₹4 Cr
Cash Margin
Net Current Assets | -
1%₹3 Cr
Net Receivables/Payables
Net Current Assets | -
0%-₹2 Cr

4. Nippon India 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.

Nippon India Gilt Securities Fund is a Debt - Government Bond fund was launched on 22 Aug 08. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9.2% since its launch.  Ranked 2 in Government Bond category.  Return for 2019 was 12.4% , 2018 was 8% and 2017 was 3.4% .

Below is the key information for Nippon India Gilt Securities Fund

Nippon India Gilt Securities Fund
Growth
Launch Date 22 Aug 08
NAV (24 Jan 20) ₹27.4105 ↑ 0.04   (0.14 %)
Net Assets (Cr) ₹1,118 on 31 Dec 19
Category Debt - Government Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.61
Sharpe Ratio 2.14
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 6.86%
Effective Maturity 10 Years 14 Days
Modified Duration 6 Years 8 Months 23 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,624
31 Dec 16₹12,428
31 Dec 17₹12,852
31 Dec 18₹13,881
31 Dec 19₹15,599

Nippon India 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 ₹206,148.
Net Profit of ₹26,148
Invest Now

Returns for Nippon India 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 24 Jan 20

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 2.6%
1 Year 13.1%
3 Year 7.6%
5 Year 8.9%
10 Year
15 Year
Since launch 9.2%
Historical performance (Yearly) on absolute basis
YearReturns
2018 12.4%
2017 8%
2016 3.4%
2015 17%
2014 6.2%
2013 18.6%
2012 3.3%
2011 13%
2010 4.7%
2009 3.2%
Fund Manager information for Nippon India Gilt Securities Fund
NameSinceTenure
Prashant Pimple30 Mar 0910.76 Yr.
Kinjal Desai16 Jul 181.46 Yr.

Data below for Nippon India Gilt Securities Fund as on 31 Dec 19

Asset Allocation
Asset ClassValue
Cash5.43%
Debt94.55%
Other0.02%
Debt Sector Allocation
SectorValue
Government94.55%
Cash Equivalent5.43%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GOVT STOCK
Sovereign Bonds | -
39%₹417 Cr40,000,000
↓ -10,000,000
GOVT STOCK
Sovereign Bonds | -
36%₹381 Cr36,356,100
↑ 6,500,000
7.59% Govt Stock 2026
Sovereign Bonds | -
17%₹178 Cr17,000,000
↑ 6,500,000
Triparty Repo
CBLO/Reverse Repo | -
5%₹51 Cr
7.17% Govt Stock 2028
Sovereign Bonds | -
2%₹21 Cr2,000,000
Reverse Repo
CBLO/Reverse Repo | -
1%₹6 Cr
8.17% Govt Stock 2044
Sovereign Bonds | -
0%₹2 Cr200,000
↑ 200,000
7.37% Govt Stock 2023
Sovereign Bonds | -
0%₹1 Cr63,200
7.73% Govt Stock 2034
Sovereign Bonds | -
0%₹1 Cr47,600
Cash Margin - Ccil
Receivables | -
0%₹0 Cr

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

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 ₹31.9922
↑ 0.06
₹1322.13.215.710.714.27.05%7Y 4M 20D11Y 4M 2D
SBI Magnum Constant Maturity Fund Growth ₹44.9293
↑ 0.07
₹5001.62.613.39.311.96.67%6Y 4M 24D9Y 10M 2D
ICICI Prudential Constant Maturity Gilt Fund Growth ₹16.9454
↑ 0.02
₹881.82.814.18.212.87.02%7Y 10Y 1M 6D
DSP BlackRock 10Y G-Sec Fund Growth ₹15.8281
↑ 0.02
₹441.91.612.36.210.86.87%6Y 10M 6D9Y 9M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 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 6.7% 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 (24 Jan 20) ₹31.9922 ↑ 0.06   (0.20 %)
Net Assets (Cr) ₹132 on 31 Dec 19
Category Debt - 10 Yr Govt Bond
AMC IDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.47
Sharpe Ratio 2.17
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.05%
Effective Maturity 11 Years 4 Months 2 Days
Modified Duration 7 Years 4 Months 20 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,899
31 Dec 16₹11,995
31 Dec 17₹12,743
31 Dec 18₹14,241
31 Dec 19₹16,256

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 24 Jan 20

DurationReturns
1 Month 0.9%
3 Month 2.1%
6 Month 3.2%
1 Year 15.7%
3 Year 10.7%
5 Year 10%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
2018 14.2%
2017 11.8%
2016 6.2%
2015 10.1%
2014 9%
2013 12.6%
2012 10.6%
2011 8.6%
2010 1.9%
2009 3.5%
Fund Manager information for IDFC Government Securities Fund - Constant Maturity Plan
NameSinceTenure
Harshal Joshi15 May 172.63 Yr.

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

Asset Allocation
Asset ClassValue
Cash5.52%
Debt94.48%
Debt Sector Allocation
SectorValue
Government94.48%
Cash Equivalent5.52%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GOVT STOCK
Sovereign Bonds | -
71%₹94 Cr9,000,000
↑ 3,000,000
7.88% GS 2030
Sovereign Bonds | -
16%₹21 Cr2,000,000
↓ -1,500,000
7.59% Govt Stock 2026
Sovereign Bonds | -
8%₹10 Cr1,000,000
↑ 1,000,000
Triparty Repo
CBLO/Reverse Repo | -
2%₹3 Cr
Net Current Assets
Net Current Assets | -
2%₹3 Cr
Cash Margin - Ccil
CBLO/Reverse Repo | -
1%₹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 8.2% 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 (24 Jan 20) ₹44.9293 ↑ 0.07   (0.16 %)
Net Assets (Cr) ₹500 on 31 Dec 19
Category Debt - 10 Yr Govt Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderately Low
Expense Ratio 0.75
Sharpe Ratio 1.9
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.67%
Effective Maturity 9 Years 10 Months 2 Days
Modified Duration 6 Years 4 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,908
31 Dec 16₹12,306
31 Dec 17₹13,074
31 Dec 18₹14,368
31 Dec 19₹16,077

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 ₹209,201.
Net Profit of ₹29,201
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 24 Jan 20

DurationReturns
1 Month 0.7%
3 Month 1.6%
6 Month 2.6%
1 Year 13.3%
3 Year 9.3%
5 Year 9.8%
10 Year
15 Year
Since launch 8.2%
Historical performance (Yearly) on absolute basis
YearReturns
2018 11.9%
2017 9.9%
2016 6.2%
2015 12.8%
2014 9.1%
2013 12.6%
2012 8.7%
2011 9.2%
2010 8.4%
2009 5.2%
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 Dec 19

Asset Allocation
Asset ClassValue
Cash7.23%
Debt92.77%
Debt Sector Allocation
SectorValue
Government92.77%
Cash Equivalent7.23%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2029
Sovereign Bonds | -
53%₹260 Cr25,000,000
↑ 4,000,000
GOVT STOCK
Sovereign Bonds | -
18%₹89 Cr8,500,000
↑ 8,500,000
6.68% Govt Stock 2031
Sovereign Bonds | -
17%₹83 Cr8,500,000
↓ -2,000,000
6.79% Govt Stock 2029
Sovereign Bonds | -
5%₹25 Cr2,500,000
Treps
CBLO/Reverse Repo | -
5%₹23 Cr
Net Receivable / Payable
Net Current Assets | -
3%₹12 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 10.3% 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 (24 Jan 20) ₹16.9454 ↑ 0.02   (0.09 %)
Net Assets (Cr) ₹88 on 31 Dec 19
Category Debt - 10 Yr Govt Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.33
Sharpe Ratio 1.92
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 7.02%
Effective Maturity 10 Years 1 Month 6 Days
Modified Duration 7 Years

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,691
31 Dec 16₹12,418
31 Dec 17₹12,715
31 Dec 18₹13,949
31 Dec 19₹15,727

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 24 Jan 20

DurationReturns
1 Month 0.8%
3 Month 1.8%
6 Month 2.8%
1 Year 14.1%
3 Year 8.2%
5 Year 9.2%
10 Year
15 Year
Since launch 10.3%
Historical performance (Yearly) on absolute basis
YearReturns
2018 12.8%
2017 9.7%
2016 2.4%
2015 16.2%
2014 6.9%
2013
2012
2011
2010
2009
Fund Manager information for ICICI Prudential Constant Maturity Gilt Fund
NameSinceTenure
Rahul Goswami12 Sep 145.31 Yr.

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

Asset Allocation
Asset ClassValue
Cash4.15%
Debt95.85%
Debt Sector Allocation
SectorValue
Government95.85%
Cash Equivalent4.15%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.79% Govt Stock 2029
Sovereign Bonds | -
48%₹42 Cr4,250,000
7.59% Govt Stock 2029
Sovereign Bonds | -
30%₹26 Cr2,500,000
GOVT STOCK
Sovereign Bonds | -
16%₹14 Cr1,350,000
↑ 150,000
Net Current Assets
Net Current Assets | -
2%₹2 Cr
GOVT STOCK
Sovereign Bonds | -
2%₹2 Cr200,000
↑ 200,000
Treps
CBLO/Reverse Repo | -
2%₹2 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% 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 (24 Jan 20) ₹15.8281 ↑ 0.02   (0.11 %)
Net Assets (Cr) ₹44 on 31 Dec 19
Category Debt - 10 Yr Govt Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderate
Expense Ratio 0.46
Sharpe Ratio 1.38
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 6.87%
Effective Maturity 9 Years 9 Months 25 Days
Modified Duration 6 Years 10 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,665
31 Dec 16₹12,314
31 Dec 17₹12,601
31 Dec 18₹13,349
31 Dec 19₹14,790

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 ₹203,125.
Net Profit of ₹23,125
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 24 Jan 20

DurationReturns
1 Month 0.9%
3 Month 1.9%
6 Month 1.6%
1 Year 12.3%
3 Year 6.2%
5 Year 7.9%
10 Year
15 Year
Since launch 9%
Historical performance (Yearly) on absolute basis
YearReturns
2018 10.8%
2017 5.9%
2016 2.3%
2015 15.5%
2014 6.6%
2013
2012
2011
2010
2009
Fund Manager information for DSP BlackRock 10Y G-Sec Fund
NameSinceTenure
Vikram Chopra17 Jul 163.46 Yr.
Vivek Ved17 Jul 163.46 Yr.

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

Asset Allocation
Asset ClassValue
Cash1.59%
Debt98.41%
Debt Sector Allocation
SectorValue
Government98.41%
Cash Equivalent1.59%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.79% Govt Stock 2029
Sovereign Bonds | -
78%₹34 Cr3,350,000
↓ -650,000
7.88% GS 2030
Sovereign Bonds | -
21%₹9 Cr850,000
↑ 850,000
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
1%₹0 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.
How helpful was this page ?
Rated 4.3, based on 54 reviews.
POST A COMMENT