Table of Contents
FD vs Debt fund? Thinking where to invest your savings to earn good returns. Generally, people consider Investing in fixed deposit or FD to be the most convenient option as it is safe and offers fixed returns. But is it the best way? Though Fixed Deposit is an easy investment option for all, however, the returns of fixed deposits being taxable are much less as compared to a Debt Fund. Moreover, when held for a longer duration, Debt Mutual Funds offer good returns. Before making a final decision to invest in debt mutual funds or fixed deposits, go through the detailed comparison of these investments.
In summary:
We would need to break this up by the ability to take a risk and the intended holding period of the investor in question.
Here the options for debt fund would be limited to Liquid Funds, ultra-short term funds and short-term Income funds. While the returns or yields normally would go higher from liquid to ultra-short to Short term fund, the yield differential between these debt funds and a Fixed Deposit can be determined considering their returns in last one year.
Type Of Debt Mutual Fund | Last 1 yr. Return (%) |
---|---|
Liquid Fund | 7.36 |
Ultra Short-term Debt Funds | 9.18 |
Short-term Debt Funds | 9.78 |
Dynamic Debt Funds | 13.89 |
Long-term Debt Funds | 13.19 |
Gilt Short-term Funds | 11.76 |
Gilt Long-term Funds | 15.06 |
Data as of 20th Feb 2017 |
The Average Return rate of Fixed Deposits ranged from 8-8.5% p.a. in the year 2016 (so one can compare the above returns in the table). However, in the past one year, the return rate has dropped to 6.6-7.5% p.a.
With the above illustration, it is clear that the average rate of return of Debt Funds is better than that of Fixed Deposits.
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With a long intended holding period, debt funds may prove to be better than FDs.
The options to invest here would be:
Given that the holding period could be 3 years or more, we can say the following:
Take the example below of returns on long-term income funds, the average last 1-year return for the category is 12.19% and last 3 years is 10.32% p.a. No FD could have given a similar return in the period. Gilt Fund returns are even higher. In the same period, last year FD rates would have been close to 8-8.5% per annum across most banks, (albeit today the rates have dropped further to 6.5 - 7.5%)
So with an investor having a long intended holding period and interest rates falling, a debt fund (Long term income or Gilt) would give much better returns than an FD. Even in the case of interest rates not falling, high yield corporate bond funds would beat FDs in the same period.
Taxation also plays an important role in determining the returns of the debt funds and fixed deposits. Typically, taxation on Fixed Deposits is 33% (marginal rate of tax) while on Debt Funds if one invests with a less than 3-year view then incurring dividend distribution tax would be a better option given that DDT (Dividend Distribution Tax) is deducted at approximately 25% (+surcharge etc). This shows that taxation on debt mutual funds is relatively lower than that in fixed deposits.
The additional benefits that come with debt funds are:
To sum up:
Parameters | Mutual Funds | Fixed Deposits |
---|---|---|
Rate of Returns | No Assured Returns | Fixed Returns |
Inflation Adjusted Returns | Potential of High Inflation Adjusted Returns | Usually Low Inflation Adjusted Returns |
Risk | Low to High Risk (Depends of Fund | Low Risk |
Liquidity | Liquid | Liquid |
Premature Withdrawal | Allowed with Exit Load/No Load | Allowed with Penalty |
Cost of Investment | Management Cost/Expense Ratio | No Cost |
Below is the list of Debt funds having Net Assets/AUM above 1000 Crore
and sorted on 3 Year compounded (CAGR) returns.
The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital. Aditya Birla Sun Life Medium Term Plan is a Debt - Medium term Bond fund was launched on 25 Mar 09. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Medium Term Plan Returns up to 1 year are on The scheme will endeavour to generate an attractive return for its investors consistent with capital preservation and liquidity by investing in a portfolio of quality debt securities, money market instruments and structured obligations. UTI Treasury Advantage Fund is a Debt - Low Duration fund was launched on 23 Apr 07. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Treasury Advantage Fund Returns up to 1 year are on To generate steady and reasonable income with low risk and high level of liquidity from a portfolio of money market securities and high quality debt. UTI Short Term Income Fund is a Debt - Short term Bond fund was launched on 19 Sep 07. It is a fund with Moderate risk and has given a Below is the key information for UTI Short Term Income Fund Returns up to 1 year are on An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments. Aditya Birla Sun Life Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 27 Sep 04. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Dynamic Bond Fund Returns up to 1 year are on The fund’s objective is to provide reasonable returns, by maintaining an optimum balance of safety, liquidity and yield, through investments in a basket of debt and money market instruments with a view to delivering consistent performance. However, there can be no assurance that the investment objective of the Scheme will be realized. ICICI Prudential Regular Savings Fund is a Debt - Credit Risk fund was launched on 3 Dec 10. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Regular Savings Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Gilt 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 (Erstwhile SBI Corporate Bond Fund) The investment objective will be to actively manage a portfolio of good
quality corporate debt as well as Money Market Instruments so as to provide
reasonable returns and liquidity to the Unit holders. However there is no
guarantee or assurance that the investment objective of the scheme will
be achieved. SBI Credit Risk Fund is a Debt - Credit Risk fund was launched on 19 Jul 04. It is a fund with Moderate risk and has given a Below is the key information for SBI Credit Risk Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Medium Term Plan
CAGR/Annualized
return of 8.6% since its launch. Ranked 6 in Medium term Bond
category. Return for 2023 was 6.9% , 2022 was 24.8% and 2021 was 7.1% . Aditya Birla Sun Life Medium Term Plan
Growth Launch Date 25 Mar 09 NAV (26 Jul 24) ₹35.374 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹1,862 on 30 Jun 24 Category Debt - Medium term Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.52 Sharpe Ratio 0.19 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Yield to Maturity 7.94% Effective Maturity 4 Years 11 Months 16 Days Modified Duration 3 Years 7 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹9,331 30 Jun 21 ₹10,684 30 Jun 22 ₹11,462 30 Jun 23 ₹14,231 30 Jun 24 ₹15,264 Returns for Aditya Birla Sun Life Medium Term Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.8% 3 Month 2.9% 6 Month 4.6% 1 Year 7.6% 3 Year 12.7% 5 Year 8.7% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 24.8% 2021 7.1% 2020 8.1% 2019 -4.4% 2018 5.6% 2017 7% 2016 10.9% 2015 9.5% 2014 12% Fund Manager information for Aditya Birla Sun Life Medium Term Plan
Name Since Tenure Sunaina Cunha 1 Sep 14 9.84 Yr. Mohit Sharma 6 Aug 20 3.9 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 5.75% Equity 2.09% Debt 90.8% Other 1.36% Debt Sector Allocation
Sector Value Government 46.09% Corporate 43.94% Cash Equivalent 5.75% Securitized 0.77% Credit Quality
Rating Value A 4.19% AA 30.17% AAA 65.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -27% ₹500 Cr 49,500,000
↑ 2,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -11% ₹203 Cr 20,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -5% ₹101 Cr 10,000,000 JSW Steel Limited
Debentures | -3% ₹50 Cr 500 Belstar Microfinance Limited
Debentures | -3% ₹50 Cr 5,000 Creditaccess Grameen Limited
Debentures | -3% ₹50 Cr 500,000 Piramal Capital & Housing Finance Limited
Debentures | -3% ₹48 Cr 4,800 Hinduja Housing Finance Limited 8.85%
Debentures | -2% ₹46 Cr 4,600 Nexus Select Trust
Debentures | -2% ₹40 Cr 4,000 JM Financial Products Limited
Debentures | -2% ₹40 Cr 4,000 2. UTI Treasury Advantage Fund
CAGR/Annualized
return of 7.2% since its launch. Ranked 15 in Low Duration
category. Return for 2023 was 7.1% , 2022 was 4.5% and 2021 was 9% . UTI Treasury Advantage Fund
Growth Launch Date 23 Apr 07 NAV (26 Jul 24) ₹3,301.02 ↑ 0.71 (0.02 %) Net Assets (Cr) ₹2,429 on 30 Jun 24 Category Debt - Low Duration AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.44 Sharpe Ratio 0.19 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.77% Effective Maturity 11 Months 16 Days Modified Duration 11 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,887 30 Jun 21 ₹11,385 30 Jun 22 ₹12,378 30 Jun 23 ₹13,190 30 Jun 24 ₹14,131 Returns for UTI Treasury Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.8% 1 Year 7.2% 3 Year 7.6% 5 Year 7.1% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 4.5% 2021 9% 2020 7.3% 2019 -4.2% 2018 7.3% 2017 7% 2016 8.9% 2015 8.8% 2014 9.3% Fund Manager information for UTI Treasury Advantage Fund
Name Since Tenure Anurag Mittal 1 Dec 21 2.58 Yr. Data below for UTI Treasury Advantage Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 44.01% Debt 55.64% Other 0.35% Debt Sector Allocation
Sector Value Corporate 57.33% Cash Equivalent 25.13% Government 17.18% Credit Quality
Rating Value AA 5.99% AAA 94.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corporation Limited
Debentures | -6% ₹149 Cr 1,500 National Bank For Agriculture And Rural Development
Debentures | -4% ₹100 Cr 10,000 Kotak Mahindra Bank Ltd.
Debentures | -4% ₹96 Cr 1,000,000,000 Rural Electrification Corporation Limited
Debentures | -3% ₹75 Cr 7,500 91 DTB 15082024
Sovereign Bonds | -3% ₹74 Cr 750,000,000 Power Finance Corporation Limited
Debentures | -3% ₹74 Cr 750 ICICI Bank Ltd.
Debentures | -3% ₹72 Cr 750,000,000 Rec Limited
Debentures | -2% ₹53 Cr 550 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 5,000
↑ 2,500 Nirma Limited
Debentures | -2% ₹50 Cr 5,000 3. UTI Short Term Income Fund
CAGR/Annualized
return of 6.6% since its launch. Ranked 10 in Short term Bond
category. Return for 2023 was 6.9% , 2022 was 3.8% and 2021 was 8.4% . UTI Short Term Income Fund
Growth Launch Date 19 Sep 07 NAV (26 Jul 24) ₹29.4281 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹2,572 on 30 Jun 24 Category Debt - Short term Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.95 Sharpe Ratio 0.03 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.36% Effective Maturity 2 Years 9 Months 4 Days Modified Duration 2 Years 8 Months 26 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,207 30 Jun 21 ₹11,786 30 Jun 22 ₹12,674 30 Jun 23 ₹13,535 30 Jun 24 ₹14,491 Returns for UTI Short Term Income Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 4% 1 Year 7.2% 3 Year 7.2% 5 Year 7.6% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 3.8% 2021 8.4% 2020 10.5% 2019 -3.9% 2018 6% 2017 6.1% 2016 10.1% 2015 8.3% 2014 10.9% Fund Manager information for UTI Short Term Income Fund
Name Since Tenure Sudhir Agarwal 25 Oct 12 11.69 Yr. Data below for UTI Short Term Income Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 22.14% Debt 77.61% Other 0.26% Debt Sector Allocation
Sector Value Corporate 68.8% Cash Equivalent 21.2% Government 9.75% Credit Quality
Rating Value AA 7.88% AAA 92.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd.
Debentures | -9% ₹238 Cr 2,500,000,000 National Bank For Agriculture And Rural Development
Debentures | -9% ₹226 Cr 22,500 National Housing Bank
Debentures | -8% ₹210 Cr 21,000
↑ 21,000 Small Industries Development Bank of India
Debentures | -8% ₹200 Cr 20,000 Union Bank of India
Domestic Bonds | -7% ₹190 Cr 2,000,000,000 LIC Housing Finance Limited
Debentures | -7% ₹175 Cr 1,750
↓ -500 Power Finance Corp Ltd.
Debentures | -7% ₹175 Cr 17,500
↑ 17,500 Kotak Mahindra Bank Ltd.
Debentures | -4% ₹95 Cr 1,000,000,000 Shriram Finance Limited
Debentures | -3% ₹70 Cr 7,000 Rural Electrification Corporation Limited
Debentures | -2% ₹56 Cr 5,500 4. Aditya Birla Sun Life Dynamic Bond Fund
CAGR/Annualized
return of 7.6% since its launch. Ranked 16 in Dynamic Bond
category. Return for 2023 was 6.9% , 2022 was 6% and 2021 was 4.9% . Aditya Birla Sun Life Dynamic Bond Fund
Growth Launch Date 27 Sep 04 NAV (26 Jul 24) ₹42.7841 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹1,710 on 30 Jun 24 Category Debt - Dynamic Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.35 Sharpe Ratio 0.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-90 Days (0.5%),90 Days and above(NIL) Yield to Maturity 7.22% Effective Maturity 13 Years 14 Days Modified Duration 7 Years 6 Months 11 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,092 30 Jun 21 ₹10,858 30 Jun 22 ₹11,113 30 Jun 23 ₹12,245 30 Jun 24 ₹13,141 Returns for Aditya Birla Sun Life Dynamic Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.8% 3 Month 3.2% 6 Month 4.6% 1 Year 7.6% 3 Year 6.7% 5 Year 5.5% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 6% 2021 4.9% 2020 9.7% 2019 -0.9% 2018 5.7% 2017 2.2% 2016 14% 2015 7.4% 2014 14.8% Fund Manager information for Aditya Birla Sun Life Dynamic Bond Fund
Name Since Tenure Mohit Sharma 22 Mar 21 3.28 Yr. Bhupesh Bameta 6 Aug 20 3.9 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Dynamic Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 5.11% Debt 94.63% Other 0.27% Debt Sector Allocation
Sector Value Government 91.76% Cash Equivalent 5.11% Corporate 2.87% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -35% ₹597 Cr 59,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -21% ₹354 Cr 35,000,000 7.23% Govt Stock 2039
Sovereign Bonds | -14% ₹234 Cr 23,000,000
↑ 2,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -9% ₹149 Cr 14,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -5% ₹91 Cr 9,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -3% ₹51 Cr 5,000,000 7.17% Govt Stock 2030
Sovereign Bonds | -2% ₹30 Cr 3,000,000 Punjab National Bank
Debentures | -1% ₹24 Cr 240 Uttar Pradesh (Government of)
- | -1% ₹20 Cr 2,000,000 Niif Infrastructure Finance Limited
Debentures | -1% ₹20 Cr 200 5. ICICI Prudential Regular Savings Fund
CAGR/Annualized
return of 8.2% since its launch. Ranked 26 in Credit Risk
category. Return for 2023 was 7.2% , 2022 was 5.1% and 2021 was 6.2% . ICICI Prudential Regular Savings Fund
Growth Launch Date 3 Dec 10 NAV (26 Jul 24) ₹29.3409 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹6,725 on 15 Jul 24 Category Debt - Credit Risk AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderate Expense Ratio 1.54 Sharpe Ratio 0.89 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Yield to Maturity 8.82% Effective Maturity 2 Years 7 Months 17 Days Modified Duration 2 Years 4 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,985 30 Jun 21 ₹11,953 30 Jun 22 ₹12,486 30 Jun 23 ₹13,350 30 Jun 24 ₹14,391 Returns for ICICI Prudential Regular Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.9% 3 Month 2.3% 6 Month 4% 1 Year 8.1% 3 Year 6.6% 5 Year 7.6% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 5.1% 2021 6.2% 2020 9.8% 2019 9.5% 2018 6.6% 2017 6.8% 2016 9.5% 2015 9% 2014 11% Fund Manager information for ICICI Prudential Regular Savings Fund
Name Since Tenure Manish Banthia 7 Nov 16 7.65 Yr. Akhil Kakkar 22 Jan 24 0.44 Yr. Data below for ICICI Prudential Regular Savings Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 12.52% Equity 1.88% Debt 85.3% Other 0.3% Debt Sector Allocation
Sector Value Corporate 70.27% Government 11.48% Cash Equivalent 10.74% Securitized 5.32% Credit Quality
Rating Value A 18.36% AA 61.82% AAA 19.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -8% ₹512 Cr 50,630,230
↓ -8,375,000 Embassy Office Parks Reit
Unlisted bonds | -5% ₹305 Cr 8,456,117 Varroc Engineering Limited
Debentures | -4% ₹247 Cr 25,000 Millennia Realtors Private Limited
Debentures | -3% ₹210 Cr 2,100 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹190 Cr 18,795,630
↑ 8,375,000 Aadhar Housing Finance Ltd
Debentures | -3% ₹176 Cr 17,500 Nirma Limited
Debentures | -2% ₹150 Cr 15,000 Dlf Home Developers Limited
Debentures | -2% ₹150 Cr 15,000 Kalpataru Projects International Limited
Debentures | -2% ₹149 Cr 15,000 Aadharshila Infratech Pvt Ltd.
Debentures | -2% ₹144 Cr 15,000 6. ICICI Prudential Gilt Fund
CAGR/Annualized
return of 9.4% since its launch. Ranked 5 in Government Bond
category. Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% . ICICI Prudential Gilt Fund
Growth Launch Date 19 Aug 99 NAV (26 Jul 24) ₹94.978 ↑ 0.11 (0.12 %) Net Assets (Cr) ₹6,341 on 15 Jul 24 Category Debt - Government Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.12 Sharpe Ratio 0.45 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 7 Years 4 Months 13 Days Modified Duration 3 Years 11 Months 26 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,439 30 Jun 21 ₹11,911 30 Jun 22 ₹12,126 30 Jun 23 ₹13,247 30 Jun 24 ₹14,271 Returns for ICICI Prudential Gilt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.6% 3 Month 2.7% 6 Month 4.1% 1 Year 7.7% 3 Year 6.5% 5 Year 7.1% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Manish Banthia 22 Jan 24 0.44 Yr. Raunak Surana 22 Jan 24 0.44 Yr. Data below for ICICI Prudential Gilt Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 31.85% Debt 68.15% Debt Sector Allocation
Sector Value Government 68.15% Cash Equivalent 31.85% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -33% ₹2,070 Cr 204,920,890
↓ -31,625,000 8.34% Govt Stock 2033
Sovereign Bonds | -17% ₹1,065 Cr 103,971,700 7.1% Govt Stock 2034
Sovereign Bonds | -14% ₹882 Cr 87,458,100
↑ 31,625,000 182 DTB 22082024
Sovereign Bonds | -6% ₹382 Cr 38,500,000
↑ 2,500,000 182 DTB 29082024
Sovereign Bonds | -3% ₹208 Cr 21,000,000 91 DTB 25072024
Sovereign Bonds | -2% ₹135 Cr 13,500,000 191 DTB 19072024
Sovereign Bonds | -2% ₹125 Cr 12,500,000 91 DTB 02082024
Sovereign Bonds | -2% ₹125 Cr 12,500,000 182 DTB 25072024
Sovereign Bonds | -2% ₹110 Cr 11,000,000 Uttar Pradesh (Government of)
- | -2% ₹108 Cr 10,622,600 7. SBI Magnum Gilt Fund
CAGR/Annualized
return of 8% since its launch. Ranked 3 in Government Bond
category. Return for 2023 was 7.6% , 2022 was 4.2% and 2021 was 3% . SBI Magnum Gilt Fund
Growth Launch Date 30 Dec 00 NAV (26 Jul 24) ₹61.6086 ↑ 0.05 (0.08 %) Net Assets (Cr) ₹8,825 on 15 Jul 24 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.34 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.2% Effective Maturity 19 Years 2 Months 1 Day Modified Duration 8 Years 8 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,375 30 Jun 21 ₹11,841 30 Jun 22 ₹12,132 30 Jun 23 ₹13,165 30 Jun 24 ₹14,197 Returns for SBI Magnum Gilt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.7% 3 Month 3.4% 6 Month 5% 1 Year 8.3% 3 Year 6.5% 5 Year 6.9% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.6% 2022 4.2% 2021 3% 2020 11.7% 2019 13.1% 2018 5.1% 2017 3.9% 2016 16.3% 2015 7.3% 2014 19.9% Fund Manager information for SBI Magnum Gilt Fund
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 0.67 Yr. Tejas Soman 1 Dec 23 0.58 Yr. Data below for SBI Magnum Gilt Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 1.99% Debt 98.01% Debt Sector Allocation
Sector Value Government 98.01% Cash Equivalent 1.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -48% ₹4,196 Cr 416,140,100
↑ 9,952,000 7.34% Govt Stock 2064
Sovereign Bonds | -18% ₹1,580 Cr 153,000,000
↑ 4,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -11% ₹1,008 Cr 98,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -9% ₹796 Cr 78,785,000 7.25% Govt Stock 2063
Sovereign Bonds | -7% ₹607 Cr 59,500,000 8.34% Govt Stock 2033
Sovereign Bonds | -3% ₹241 Cr 23,500,000 07.82 TN Sgs 2032
Sovereign Bonds | -2% ₹160 Cr 15,500,000 07.72 Tn SDL 2033
Sovereign Bonds | -1% ₹61 Cr 6,000,000 07.85% Wb SDL 2042
Sovereign Bonds | -0% ₹1 Cr 75,000 Net Receivable / Payable
CBLO | -2% ₹142 Cr 8. SBI Credit Risk Fund
CAGR/Annualized
return of 7.5% since its launch. Ranked 3 in Credit Risk
category. Return for 2023 was 8.3% , 2022 was 4.2% and 2021 was 5% . SBI Credit Risk Fund
Growth Launch Date 19 Jul 04 NAV (26 Jul 24) ₹42.2889 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹2,413 on 15 Jul 24 Category Debt - Credit Risk AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.95 Sharpe Ratio 0.5 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-12 Months (3%),12-24 Months (1.5%),24-36 Months (0.75%),36 Months and above(NIL) Yield to Maturity 8.59% Effective Maturity 3 Years 9 Months 11 Days Modified Duration 2 Years 4 Months 6 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,861 30 Jun 21 ₹11,679 30 Jun 22 ₹12,116 30 Jun 23 ₹13,114 30 Jun 24 ₹14,089 Returns for SBI Credit Risk Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.6% 3 Month 2.4% 6 Month 4.2% 1 Year 7.5% 3 Year 6.5% 5 Year 7.1% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.3% 2022 4.2% 2021 5% 2020 9.8% 2019 6.5% 2018 6.2% 2017 6.9% 2016 10.5% 2015 9.7% 2014 10.6% Fund Manager information for SBI Credit Risk Fund
Name Since Tenure Lokesh Mallya 1 Feb 17 7.42 Yr. Pradeep Kesavan 1 Dec 23 0.58 Yr. Adesh Sharma 1 Dec 23 0.58 Yr. Data below for SBI Credit Risk Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 11.49% Equity 2.54% Debt 85.67% Other 0.3% Debt Sector Allocation
Sector Value Corporate 72.4% Government 16.36% Cash Equivalent 8.4% Credit Quality
Rating Value A 10.3% AA 69.17% AAA 20.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.16% Govt Stock 2050
Sovereign Bonds | -5% ₹126 Cr 12,500,000 Aadhar Housing Finance Limited
Debentures | -5% ₹112 Cr 11,200 Nirma Limited
Debentures | -5% ₹110 Cr 11,000 Infopark Properties Limited
Debentures | -4% ₹105 Cr 10,500 7.1% Govt Stock 2034
Sovereign Bonds | -4% ₹101 Cr 10,000,000 Jindal Stainless Limited
Debentures | -4% ₹88 Cr 900 Avanse Financial Services Limited
Debentures | -3% ₹80 Cr 8,000 Renserv Global Pvt Ltd.
Debentures | -3% ₹80 Cr 8,000 Ongc Petro Additions Limited
Debentures | -3% ₹75 Cr 7,500 JSW Steel Limited
Debentures | -3% ₹75 Cr 750