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Long Term Debt Funds- When Should You Invest?
Long term debt funds are a type of Debt Mutual Funds that invest in corporate Bonds and government securities (g-secs) that have a long-term maturity period. The average maturity of these funds is in excess of 3 years, most of the times. That is why, these funds are suitable for investors who wish to make a mid to long term Investment plan i.e., typically for 3-5 years or even more. Let's understand how long term debt funds works and what are the best long term bonds funds to invest in 2024.
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Long Term Debt Funds- A Plan for Long Term Investment
Long term debt funds invest their major Underlying asset in debt instruments like corporate Debentures, bonds and money market instruments & government securities with a higher maturity period. Investors should invest in long term debt funds if they have an investment time frame of more than 3 years. Also, this fund is only suitable for investors who are willing to take some level of risk in the investment.
Long term debt funds are sensitive to changes in the interest rate and are more volatile than other categories of debt funds. Interest rates and prices of the debt instruments have an inverse relationship, which means that they move in opposite directions. For instance, a falling interest rate is good for debt funds or bond funds. Long term Income funds usually benefit when the interest rates are moving downwards. Moreover, during interest rate falls, the bond prices go up and this boost NAVs of the Debt fund schemes.
In a falling interest rate scenario, the average maturities of such bonds can go up to around 7-10 years. When the interest rates rise, they stock up lower tenured securities and keep the Portfolio’s average maturity low.
Mostly, it is advisable to invest in long term bond funds when the interest rates are expected to ease down because a decrease in the interest rates causes a rise in the prices of long-term securities. Investors who are comfortable with fluctuating interest rates in the Market, should only prefer Investing in long term debt funds.
Returns and Risk
These funds are meant to give returns in excess of Bank fixed deposits. Furthermore, if held for more than three years, the returns are more tax efficient. But, on the risk side, these funds can get volatile when the interest rates suddenly change direction. In a sustained rising interest rate regime, these funds give modest returns as they cannot sell long-dated bonds and switch to shorter tenured scripts.
Long Term Debt Funds Taxation
Tax implication on debt funds is computed in the following manner-
Short Term Capital Gains
If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.
Long Term Capital Gains
If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.
| Capital Gains | Investment Holding Gains | Taxation |
|---|---|---|
| Short Term Capital Gains | Less than 36 months | As per individual's tax slab |
| Long Term Capital Gains | More than 36 months | 20% with indexation benefits |
How to Invest in Long Term Bond Funds?
Investors can invest in two ways— SIP or Lump sum. For average investors, SIP (Systematic Investment Plan) is the most viable option. It gives you a systematic option of investing monthly/quarterly/annually Basis. In a lump sum, investors have to invest a considerable amount as a one-time down payment in the scheme. The minimum investment amount for a lump sum is INR 5000, whereas for a SIP it is INR 500.
Best Long Term Bond Funds to Invest in 2024
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity IDFC Government Securities Fund - Investment Plan Growth ₹33.2035
↑ 0.02 ₹2,443 5,000 1,000 4.2 6.7 9.9 5.7 6.8 7.18% 12Y 1M 20D 28Y 10M 17D Invesco India Gilt Fund Growth ₹2,656.85
↑ 1.36 ₹577 5,000 100 3.8 6 9.1 5.7 6.6 7.14% 9Y 5M 8D 20Y 1M 10D DSP BlackRock Government Securities Fund Growth ₹89.3913
↑ 0.04 ₹1,064 1,000 500 3.8 5.9 9 6.2 7.1 7.23% 11Y 4M 13D 29Y 11M 26D Axis Gilt Fund Growth ₹23.679
↑ 0.01 ₹406 5,000 1,000 3.4 5.6 8.8 5.8 7.1 7.22% 8Y 3M 18D 16Y 5M 19D Edelweiss Government Securities Fund Growth ₹22.9578
↑ 0.01 ₹157 5,000 1,000 3.2 5.6 8.5 5.8 6.2 7.16% 8Y 7M 17D 15Y 10M 11D Aditya Birla Sun Life Government Securities Fund Growth ₹75.9841
↑ 0.04 ₹1,673 1,000 1,000 3.3 5.1 8.3 5.7 7.1 7.14% 8Y 4M 20D 16Y 7M 20D SBI Magnum Gilt Fund Growth ₹61.4997
↑ 0.04 ₹8,825 5,000 500 3.3 5 8 6.4 7.6 7.2% 8Y 8M 1D 19Y 2M 1D PGIM India Gilt Fund Growth ₹28.2165
↑ 0.02 ₹113 5,000 1,000 3.3 5.1 7.9 5.2 6.6 7.13% 8Y 3M 14D 18Y 4M 24D UTI Gilt Fund Growth ₹58.4654
↑ 0.05 ₹643 5,000 500 2.9 4.9 7.8 5.6 6.7 6.95% 6Y 3M 8Y 3M Canara Robeco Gilt Fund Growth ₹70.7061
↑ 0.04 ₹113 5,000 1,000 3.1 5 7.7 5.3 6.5 7.17% 9Y 10M 15D 25Y 7M 7D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24
IDFC – GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing in Government Securities.However there is no assurance that the investment objective of the scheme will be realized. IDFC Government Securities Fund - Investment Plan is a Debt - Government Bond fund was launched on 3 Dec 08. It is a fund with Moderate risk and has given a Below is the key information for IDFC Government Securities Fund - Investment Plan Returns up to 1 year are on The 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 Below is the key information for Invesco India Gilt Fund Returns up to 1 year are on The Scheme aims to generate returns through investments in Central Govt Securities. DSP BlackRock Government Securities Fund is a Debt - Government Bond fund was launched on 30 Sep 99. It is a fund with Moderate risk and has given a Below is the key information for DSP BlackRock Government Securities Fund Returns up to 1 year are on (Erstwhile Axis Constant Maturity 10 Year Fund) To generate returns similar to that of 10 year government bonds. Axis Gilt Fund is a Debt - Government Bond fund was launched on 23 Jan 12. It is a fund with Moderate risk and has given a Below is the key information for Axis Gilt Fund Returns up to 1 year are on The investment objective of the Scheme is to generate income through investment in Securities of various maturities issued and/or created by the Central Government and State Governments of India. However, there can be no assurance that the investment objectives of the Scheme will be realized Edelweiss Government Securities Fund is a Debt - Government Bond fund was launched on 13 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for Edelweiss Government Securities Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Gilt Plus Fund - PF Plan) An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. Aditya Birla Sun Life Government Securities Fund is a Debt - Government Bond fund was launched on 12 Oct 99. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Government Securities Fund Returns up to 1 year are on (Erstwhile SBI Magnum Gilt Fund - Long Term Plan) To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government SBI Magnum Gilt Fund is a Debt - Government Bond fund was launched on 30 Dec 00. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Gilt Fund Returns up to 1 year are on To generate reasonable returns by investing in Central/State Government securities of various maturities. PGIM India Gilt Fund is a Debt - Government Bond fund was launched on 27 Oct 08. It is a fund with Moderate risk and has given a Below is the key information for PGIM India Gilt Fund Returns up to 1 year are on (Erstwhile UTI Gilt Advantage Fund- LTP) To generate credit risk-free return through investment in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the Central Government and / or a State Government for repayment of principal and interest. However there can be no assurance that the investment objective of the Scheme will be achieved. UTI Gilt Fund is a Debt - Government Bond fund was launched on 21 Jan 02. It is a fund with Moderate risk and has given a Below is the key information for UTI Gilt Fund Returns up to 1 year are on (Erstwhile Canara Robeco GILT PGS) To provide risk free return (except interest rate risk) and long term capital
appreciation by investing only in Govt. Securities. However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Gilt Fund is a Debt - Government Bond fund was launched on 29 Dec 99. It is a fund with Moderate risk and has given a Below is the key information for Canara Robeco Gilt Fund Returns up to 1 year are on 1. IDFC Government Securities Fund - Investment Plan
CAGR/Annualized return of 8% since its launch. Ranked 14 in Government Bond category. Return for 2023 was 6.8% , 2022 was 1.4% and 2021 was 2.1% . IDFC Government Securities Fund - Investment Plan
Growth Launch Date 3 Dec 08 NAV (24 Jul 24) ₹33.2035 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹2,443 on 30 Jun 24 Category Debt - Government Bond AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.24 Sharpe Ratio 0.66 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.18% Effective Maturity 28 Years 10 Months 17 Days Modified Duration 12 Years 1 Month 20 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,564 30 Jun 21 ₹11,964 30 Jun 22 ₹12,043 30 Jun 23 ₹12,887 30 Jun 24 ₹14,139 Returns for IDFC Government Securities Fund - Investment Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.4% 3 Month 4.2% 6 Month 6.7% 1 Year 9.9% 3 Year 5.7% 5 Year 6.8% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Suyash Choudhary 15 Oct 10 13.72 Yr. Sreejith Balasubramanian 31 Aug 23 0.84 Yr. Data below for IDFC Government Securities Fund - Investment Plan as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 0.46% Debt 99.54% Debt Sector Allocation
Sector Value Government 99.54% Cash Equivalent 0.46% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -100% ₹2,432 Cr 236,300,000
↑ 40,300,000 7.17% Govt Stock 2028
Sovereign Bonds | -0% ₹0 Cr 6,300 Net Current Assets
Net Current Assets | -0% ₹7 Cr Triparty Repo
CBLO/Reverse Repo | -0% ₹4 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr 7.18% Govt Stock 2037
Sovereign Bonds | -₹0 Cr 00
↓ -800,000 2. Invesco India Gilt Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 10 in Government Bond category. Return for 2023 was 6.6% , 2022 was 2.3% and 2021 was 0.7% . Invesco India Gilt Fund
Growth Launch Date 9 Feb 08 NAV (24 Jul 24) ₹2,656.85 ↑ 1.36 (0.05 %) Net Assets (Cr) ₹577 on 30 Jun 24 Category Debt - Government Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.25 Sharpe Ratio 0.58 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.14% Effective Maturity 20 Years 1 Month 10 Days Modified Duration 9 Years 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,954 30 Jun 21 ₹11,074 30 Jun 22 ₹11,216 30 Jun 23 ₹11,926 30 Jun 24 ₹12,994 Returns for Invesco India Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.5% 3 Month 3.8% 6 Month 6% 1 Year 9.1% 3 Year 5.7% 5 Year 5% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Krishna Cheemalapati 27 Jul 21 2.93 Yr. Vikas Garg 26 Sep 20 3.76 Yr. Data below for Invesco India Gilt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 8.2% Debt 91.8% Debt Sector Allocation
Sector Value Government 91.8% Cash Equivalent 8.2% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -45% ₹257 Cr 25,000,000
↓ -2,470,000 7.23% Govt Stock 2039
Sovereign Bonds | -19% ₹110 Cr 10,806,400
↑ 500,000 7.18% Govt Stock 2033
Sovereign Bonds | -17% ₹101 Cr 10,000,000
↑ 7,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -6% ₹35 Cr 3,500,000 7.34% Govt Stock 2064
Sovereign Bonds | -4% ₹26 Cr 2,500,000 Triparty Repo
CBLO/Reverse Repo | -6% ₹35 Cr Net Receivables / (Payables)
CBLO | -2% ₹12 Cr 7.1% Govt Stock 2034
Sovereign Bonds | -₹0 Cr 00
↓ -6,000,000 3. DSP BlackRock Government Securities Fund
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% . DSP BlackRock Government Securities Fund
Growth Launch Date 30 Sep 99 NAV (24 Jul 24) ₹89.3913 ↑ 0.04 (0.05 %) Net Assets (Cr) ₹1,064 on 30 Jun 24 Category Debt - Government Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderate Expense Ratio 1.09 Sharpe Ratio 0.54 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 7.23% Effective Maturity 29 Years 11 Months 26 Days Modified Duration 11 Years 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,493 30 Jun 21 ₹11,972 30 Jun 22 ₹12,191 30 Jun 23 ₹13,127 30 Jun 24 ₹14,288 Returns for DSP BlackRock Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.4% 3 Month 3.8% 6 Month 5.9% 1 Year 9% 3 Year 6.2% 5 Year 7% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Shantanu Godambe 1 Jun 23 1.08 Yr. Data below for DSP BlackRock Government Securities Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 0.47% Debt 99.53% Debt Sector Allocation
Sector Value Government 99.53% Cash Equivalent 0.47% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -26% ₹279 Cr 27,000,000
↑ 6,500,000 7.46% Govt Stock 2073
Sovereign Bonds | -23% ₹245 Cr 23,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -17% ₹184 Cr 17,500,000
↑ 4,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -14% ₹154 Cr 15,000,000
↓ -500,000 07.50 MH Sdl 2044
Sovereign Bonds | -7% ₹73 Cr 7,000,000
↑ 7,000,000 Uttar Pradesh (Government of) 7.48%
- | -5% ₹52 Cr 5,000,000 Uttar Pradesh (Government of) 7.38%
- | -4% ₹41 Cr 4,000,000 Karnataka (Government of) 7.45%
- | -3% ₹31 Cr 3,000,000 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -0% ₹4 Cr Net Receivables/Payables
CBLO | -0% ₹1 Cr 4. Axis Gilt Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 16 in Government Bond category. Return for 2023 was 7.1% , 2022 was 2.4% and 2021 was 2.4% . Axis Gilt Fund
Growth Launch Date 23 Jan 12 NAV (24 Jul 24) ₹23.679 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹406 on 30 Jun 24 Category Debt - Government Bond AMC Axis Asset Management Company Limited Rating ☆ Risk Moderate Expense Ratio 0.99 Sharpe Ratio 0.62 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.22% Effective Maturity 16 Years 5 Months 19 Days Modified Duration 8 Years 3 Months 18 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,395 30 Jun 21 ₹11,958 30 Jun 22 ₹12,115 30 Jun 23 ₹12,947 30 Jun 24 ₹14,057 Returns for Axis Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 3.4% 6 Month 5.6% 1 Year 8.8% 3 Year 5.8% 5 Year 6.6% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.4% 2021 2.4% 2020 13.1% 2019 12% 2018 5.3% 2017 1.4% 2016 13.7% 2015 6.3% 2014 15% Fund Manager information for Axis Gilt Fund
Name Since Tenure Devang Shah 5 Nov 12 11.66 Yr. Sachin Jain 1 Feb 23 1.41 Yr. Data below for Axis Gilt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 4.17% Debt 95.83% Debt Sector Allocation
Sector Value Government 95.83% Cash Equivalent 4.17% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.32% Govt Stock 2030
Sovereign Bonds | -25% ₹107 Cr 10,500,000
↑ 4,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -22% ₹93 Cr 9,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -14% ₹58 Cr 5,700,000
↓ -9,000,000 7.23% Govt Stock 2039
Sovereign Bonds | -10% ₹41 Cr 4,000,000
↑ 4,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -6% ₹26 Cr 2,500,000
↑ 1,000,000 8.34% Govt Stock 2033
Sovereign Bonds | -4% ₹15 Cr 1,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -4% ₹15 Cr 1,500,000 Maharashtra (Government of) 7.45%
- | -3% ₹11 Cr 1,083,700 7.46% Govt Stock 2073
Sovereign Bonds | -2% ₹10 Cr 1,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -2% ₹10 Cr 1,000,000 5. Edelweiss Government Securities Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 18 in Government Bond category. Return for 2023 was 6.2% , 2022 was 2.5% and 2021 was 4.1% . Edelweiss Government Securities Fund
Growth Launch Date 13 Feb 14 NAV (24 Jul 24) ₹22.9578 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹157 on 30 Jun 24 Category Debt - Government Bond AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderate Expense Ratio 1.34 Sharpe Ratio 0.44 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Yield to Maturity 7.16% Effective Maturity 15 Years 10 Months 11 Days Modified Duration 8 Years 7 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,164 30 Jun 21 ₹11,883 30 Jun 22 ₹12,080 30 Jun 23 ₹12,935 30 Jun 24 ₹14,014 Returns for Edelweiss Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.5% 3 Month 3.2% 6 Month 5.6% 1 Year 8.5% 3 Year 5.8% 5 Year 6.6% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.2% 2022 2.5% 2021 4.1% 2020 13.6% 2019 10.7% 2018 6.8% 2017 4.2% 2016 12.5% 2015 5.8% 2014 Fund Manager information for Edelweiss Government Securities Fund
Name Since Tenure Rahul Dedhia 23 Nov 21 2.6 Yr. Hetul Raval 1 Jul 24 0 Yr. Data below for Edelweiss Government Securities Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 2.88% Debt 97.12% Debt Sector Allocation
Sector Value Government 97.12% Cash Equivalent 2.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -32% ₹50 Cr 5,000,000
↑ 1,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -20% ₹31 Cr 3,000,000
↓ -1,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -19% ₹30 Cr 3,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -16% ₹25 Cr 2,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -10% ₹15 Cr 1,500,000 08.38 GJ Sdl 2029
Sovereign Bonds | -0% ₹0 Cr 9,100 Accrued Interest
CBLO | -2% ₹3 Cr Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -1% ₹2 Cr Net Receivables/(Payables)
CBLO | -0% ₹0 Cr 6. Aditya Birla Sun Life Government Securities Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 4 in Government Bond category. Return for 2023 was 7.1% , 2022 was 1.7% and 2021 was 3.6% . Aditya Birla Sun Life Government Securities Fund
Growth Launch Date 12 Oct 99 NAV (24 Jul 24) ₹75.9841 ↑ 0.04 (0.05 %) Net Assets (Cr) ₹1,673 on 30 Jun 24 Category Debt - Government Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.39 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 7.14% Effective Maturity 16 Years 7 Months 20 Days Modified Duration 8 Years 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,322 30 Jun 21 ₹11,774 30 Jun 22 ₹11,920 30 Jun 23 ₹12,792 30 Jun 24 ₹13,829 Returns for Aditya Birla Sun Life Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.5% 3 Month 3.3% 6 Month 5.1% 1 Year 8.3% 3 Year 5.7% 5 Year 6.2% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 1.7% 2021 3.6% 2020 12.1% 2019 11% 2018 6.9% 2017 4.4% 2016 16.7% 2015 5.7% 2014 19.9% Fund Manager information for Aditya Birla Sun Life Government Securities Fund
Name Since Tenure Bhupesh Bameta 6 Aug 20 3.9 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Government Securities Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 7.79% Debt 92.21% Debt Sector Allocation
Sector Value Government 92.21% Cash Equivalent 7.79% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -40% ₹666 Cr 64,679,750
↑ 20,250,000 7.18% Govt Stock 2033
Sovereign Bonds | -30% ₹502 Cr 49,750,000
↑ 24,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -16% ₹274 Cr 27,025,000
↑ 26,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -6% ₹100 Cr 9,923,050 5.63% Govt Stock 2026
Sovereign Bonds | -0% ₹1 Cr 65,000 Net Receivables / (Payables)
Net Current Assets | -5% ₹90 Cr Clearing Corporation Of India Limited
CBLO/Reverse Repo | -2% ₹40 Cr Goi Strips - Mat 160627
Sovereign Bonds | -₹0 Cr 00
↓ -1,058,000 Goi 19.03.2027 Gov
Sovereign Bonds | -₹0 Cr 00
↓ -1,036,000 07.81 Up SDL 2034
Sovereign Bonds | -₹0 Cr 00
↓ -80,500 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 (24 Jul 24) ₹61.4997 ↑ 0.04 (0.06 %) 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 24 Jul 24 Duration Returns 1 Month 0.5% 3 Month 3.3% 6 Month 5% 1 Year 8% 3 Year 6.4% 5 Year 6.8% 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. PGIM India Gilt Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 15 in Government Bond category. Return for 2023 was 6.6% , 2022 was 1.8% and 2021 was 2.9% . PGIM India Gilt Fund
Growth Launch Date 27 Oct 08 NAV (24 Jul 24) ₹28.2165 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹113 on 30 Jun 24 Category Debt - Government Bond AMC Pramerica Asset Managers Private Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.41 Sharpe Ratio 0.3 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.13% Effective Maturity 18 Years 4 Months 24 Days Modified Duration 8 Years 3 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,970 30 Jun 21 ₹11,373 30 Jun 22 ₹11,534 30 Jun 23 ₹12,240 30 Jun 24 ₹13,202 Returns for PGIM India Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.5% 3 Month 3.3% 6 Month 5.1% 1 Year 7.9% 3 Year 5.2% 5 Year 5.5% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 1.8% 2021 2.9% 2020 9.4% 2019 10.1% 2018 5.9% 2017 4% 2016 12.6% 2015 7.1% 2014 14.5% Fund Manager information for PGIM India Gilt Fund
Name Since Tenure Bhupesh Kalyani 13 Sep 22 1.8 Yr. Puneet Pal 13 Dec 17 6.55 Yr. Data below for PGIM India Gilt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 14.41% Debt 85.59% Debt Sector Allocation
Sector Value Government 85.59% Cash Equivalent 14.41% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -45% ₹51 Cr 5,078,895 7.25% Govt Stock 2063
Sovereign Bonds | -21% ₹24 Cr 2,367,467
↓ -500,000 7.3% Govt Stock 2053
Sovereign Bonds | -11% ₹13 Cr 1,250,000
↓ -500,000 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹4 Cr 352,063 8.28% Govt Stock 2027
Sovereign Bonds | -2% ₹3 Cr 270,000 7.26% Govt Stock 2032
Sovereign Bonds | -1% ₹1 Cr 75,000 7.41% Govt Stock 2036
Sovereign Bonds | -0% ₹1 Cr 53,334 6.99% Govt Stock 2051
Sovereign Bonds | -0% ₹0 Cr 32,000 7.57% Govt Stock 2033
Sovereign Bonds | -0% ₹0 Cr 16,700 7.38% Govt Stock 2027
Sovereign Bonds | -0% ₹0 Cr 11,666 9. UTI Gilt Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 7 in Government Bond category. Return for 2023 was 6.7% , 2022 was 2.9% and 2021 was 2.3% . UTI Gilt Fund
Growth Launch Date 21 Jan 02 NAV (24 Jul 24) ₹58.4654 ↑ 0.05 (0.09 %) Net Assets (Cr) ₹643 on 30 Jun 24 Category Debt - Government Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.2 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.95% Effective Maturity 8 Years 3 Months Modified Duration 6 Years 3 Months Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,270 30 Jun 21 ₹11,543 30 Jun 22 ₹11,693 30 Jun 23 ₹12,558 30 Jun 24 ₹13,504 Returns for UTI Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.9% 6 Month 4.9% 1 Year 7.8% 3 Year 5.6% 5 Year 5.8% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 2.9% 2021 2.3% 2020 10.3% 2019 11.8% 2018 6.3% 2017 4.3% 2016 15.5% 2015 6.1% 2014 19.8% Fund Manager information for UTI Gilt Fund
Name Since Tenure Sudhir Agarwal 1 Dec 21 2.58 Yr. Data below for UTI Gilt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 26.19% Debt 73.81% Debt Sector Allocation
Sector Value Government 78.42% Cash Equivalent 21.58% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -36% ₹233 Cr 2,300,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -30% ₹192 Cr 1,900,000,000 7.04% Govt Stock 2029
Sovereign Bonds | -8% ₹50 Cr 500,000,000 India (Republic of)
- | -5% ₹30 Cr 300,000,000 Net Current Assets
Net Current Assets | -21% ₹137 Cr Clearing Corporation Of India Ltd. Std - Margin
Net Current Assets | -0% ₹2 Cr 00 10. Canara Robeco Gilt Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 6 in Government Bond category. Return for 2023 was 6.5% , 2022 was 2.3% and 2021 was 1.8% . Canara Robeco Gilt Fund
Growth Launch Date 29 Dec 99 NAV (24 Jul 24) ₹70.7061 ↑ 0.04 (0.06 %) Net Assets (Cr) ₹113 on 30 Jun 24 Category Debt - Government Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.24 Sharpe Ratio 0.24 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.17% Effective Maturity 25 Years 7 Months 7 Days Modified Duration 9 Years 10 Months 15 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,094 30 Jun 21 ₹11,397 30 Jun 22 ₹11,512 30 Jun 23 ₹12,302 30 Jun 24 ₹13,242 Returns for Canara Robeco Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.5% 3 Month 3.1% 6 Month 5% 1 Year 7.7% 3 Year 5.3% 5 Year 5.5% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.5% 2022 2.3% 2021 1.8% 2020 10.3% 2019 9.9% 2018 4.9% 2017 2.9% 2016 18% 2015 6.3% 2014 16.7% Fund Manager information for Canara Robeco Gilt Fund
Name Since Tenure Avnish Jain 1 Apr 22 2.25 Yr. Kunal Jain 18 Jul 22 1.96 Yr. Data below for Canara Robeco Gilt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 10.83% Debt 89.17% Debt Sector Allocation
Sector Value Government 89.17% Cash Equivalent 10.83% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -33% ₹37 Cr 3,600,000
↓ -400,000 7.3% Govt Stock 2053
Sovereign Bonds | -19% ₹22 Cr 2,100,000
↑ 1,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -19% ₹21 Cr 2,100,000 7.25% Govt Stock 2063
Sovereign Bonds | -14% ₹15 Cr 1,500,000 7.17% Govt Stock 2030
Sovereign Bonds | -2% ₹3 Cr 258,900 7.38% Govt Stock 2027
Sovereign Bonds | -2% ₹3 Cr 250,100 8.13% Govt Stock 2045
Sovereign Bonds | -0% ₹0 Cr 10,000 7.1% Govt Stock 2034
Sovereign Bonds | -0% ₹0 Cr 7,950 Treps
CBLO/Reverse Repo | -9% ₹10 Cr Net Receivables / (Payables)
CBLO | -2% ₹2 Cr
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