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Top 6 Best Gilt Funds To Invest In 2024

Updated on March 14, 2024 , 52575 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.

Gilts funds are often used by two kinds of investors. Firstly, those who primarily want little or no credit risk, since the securities are backed by the government of India (or the government of the country they belong to) hence they carry least possible credit risk.

How To Choose Best Gilt Debt Mutual Funds?

1. Duration And Average Maturity

When investing in gilt Debt fund, it becomes necessary to determine the average maturity and the duration of the fund. This can be obtained in the fact sheet of the fund, the average maturity relates to the average time taken for securities to mature. The higher the average maturity (or duration), the higher the sensitivity to interest rate movement. While a downward movement is positive to the NAV of the fund (and hence returns), and upward (or increase) movement of interest rates will impact the NAV negatively resulting in a loss.

gilt-funds

Duration refers to the weighted average maturity of the securities in a Portfolio. It is a prime parameter used by analysts and others to determine the interest rate sensitivity of the mutual fund. If the funds are held for the time of duration of the portfolio and the fund manager does not do anything, then the investor will generate the yield on the portfolio, without being subjected to interest rate movements. Gilts funds are often used by two kinds of investors. Firstly, those who primarily want little or no credit risk, since the securities are backed by the government of India (or the government of the country they belong to), these investors invest for the yield and not for a view on interest rates. The other kind of investors who invest in Gilt Funds are the ones who take a view on interest rates, they would typically look at the maturity or duration of the portfolio and invest accordingly.

There are primarily three kinds of gilt funds that exist, short term, medium term and long term. Short term gilt funds have a low duration, typically less than a year. Long-term gilt funds can have a very high maturity period, at times going up to 10 to 15 years also. Long-term gilt funds are invested in for yield as well as playing the interest rate view by investors.

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2. Interest Rate Risk

Gilt funds and interest rates are archrivals. There is an inverse relationship between Gilt debt funds and interest rates. An increase or decrease in the interest rate causes the NAV of the fund to fall or rise. This results in the fluctuation in the fund’s return. In fact, such extreme Volatility in returns of the gilt funds makes them the riskiest in the debt mutual category. The impact is so profound that it may drive the yields to negative in the short run. Therefore, one should consider investing in gilt funds when Inflation is near its peak and the RBI (Reserve Bank of India) is not likely to raise the interest rate immediately. This would ensure there no downward movement in the NAV and hence returns. Any fall in interest rates would add to the returns of the fund.

A newbie investor should avoid investing in gilt mutual funds without a robust strategy.

Moreover, there are some other quantitative parameters that investors need to analyse before selecting the best Gilt Funds:

  • Look for a Gilt Fund that gives the most stable and consistent returns year-after-year. A fund having lesser volatility would be consistent. Volatility can be determined using the Beta and Standard Deviation (SD). Beta indicates how much fund’s return is sensitive to index movements. A beta of 1 signifies that the mutual fund NAV moves in line with the relevant benchmark, a beta of a greater than 1 designates that the NAV moves more than the relevant benchmark of the fund, and a beta of less than 1 means NAV moves less than the benchmark. Investors should decide before getting into a fund whether they want higher beta or low beta.Coming to SD, it is a statistical measure representing the volatility or risk of a fund. The higher the SD, higher will be the fluctuations in the returns. Ideally, investors look for funds with a lower standard deviation. However, if the investor is clear on the reason of investing and has reviewed the fund performance as well as portfolio & related parameters (yield, duration, maturity etc), this is something one can overlook.

  • The expense ratio is also one of the parameters to check your fund returns. It is advisable to go for a fund with a lower expense ratio in the same category. This is because the returns are derived after deducting expense ratio from the fund’s Total Return. Thus, the lower the expense ratio, the better returns it can deliver.

One needs to be careful in the entry and exit of their investments accurately. 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.

Best Gilt Funds To Invest In FY 24 - 25

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
SBI Magnum Gilt Fund Growth ₹59.678
↓ -0.06
₹7,8212.54.49.16.17.67.33%7Y 3M 7D12Y 5M 12D
ICICI Prudential Gilt Fund Growth ₹92.4331
↓ -0.10
₹4,6172.23.78.86.48.37.51%2Y 22D5Y 9M
Aditya Birla Sun Life Government Securities Fund Growth ₹73.7943
↓ -0.04
₹1,4352.94.78.75.97.17.37%7Y 6M12Y 2M 12D
SBI Magnum Constant Maturity Fund Growth ₹56.874
↓ -0.05
₹1,6192.54.18.65.57.57.31%6Y 9M 4D9Y 10M 28D
Nippon India Gilt Securities Fund Growth ₹34.5465
↓ -0.03
₹1,5472.64.38.35.36.77.38%7Y 5M 23D12Y 1M 28D
UTI Gilt Fund Growth ₹56.8634
↓ -0.06
₹5712.74.28.25.36.77.44%6Y 6M 29D11Y 4M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Mar 24

1. 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% since its launch.  Ranked 3 in Government Bond category.  Return for 2023 was 7.6% , 2022 was 4.2% and 2021 was 3% .

Below is the key information for SBI Magnum Gilt Fund

SBI Magnum Gilt Fund
Growth
Launch Date 30 Dec 00
NAV (15 Mar 24) ₹59.678 ↓ -0.06   (-0.11 %)
Net Assets (Cr) ₹7,821 on 31 Jan 24
Category Debt - Government Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 0.94
Sharpe Ratio 0.49
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.33%
Effective Maturity 12 Years 5 Months 12 Days
Modified Duration 7 Years 3 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,599
28 Feb 21₹12,467
28 Feb 22₹12,992
28 Feb 23₹13,557
29 Feb 24₹14,854

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 15 Mar 24

DurationReturns
1 Month 0.6%
3 Month 2.5%
6 Month 4.4%
1 Year 9.1%
3 Year 6.1%
5 Year 8.2%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rajeev Radhakrishnan1 Nov 230.33 Yr.
Tejas Soman1 Dec 230.25 Yr.

Data below for SBI Magnum Gilt Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash4.22%
Debt95.78%
Debt Sector Allocation
SectorValue
Government95.78%
Cash Equivalent4.22%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
59%₹4,715 Cr468,285,000
↓ -5,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
17%₹1,340 Cr133,500,000
↓ -56,000,000
7.25% Govt Stock 2063
Sovereign Bonds | -
15%₹1,159 Cr114,500,000
↑ 85,000,000
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹233 Cr23,500,000
6.62% Govt Stock 2051
Sovereign Bonds | -
2%₹187 Cr20,000,000
6.99% Govt Stock 2051
Sovereign Bonds | -
1%₹98 Cr10,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
1%₹92 Cr9,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
1%₹56 Cr5,500,000
07.85% Wb SDL 2042
Sovereign Bonds | -
0%₹1 Cr75,000
Net Receivable / Payable
CBLO | -
1%₹46 Cr

2. 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 (15 Mar 24) ₹92.4331 ↓ -0.10   (-0.11 %)
Net Assets (Cr) ₹4,617 on 31 Jan 24
Category Debt - Government Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.12
Sharpe Ratio 1.84
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 5 Years 9 Months
Modified Duration 2 Years 22 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 15 Mar 24

DurationReturns
1 Month 0.7%
3 Month 2.2%
6 Month 3.7%
1 Year 8.8%
3 Year 6.4%
5 Year 7.9%
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 31 Jan 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

3. Aditya Birla Sun Life Government Securities Fund

(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 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% .

Below is the key information for Aditya Birla Sun Life Government Securities Fund

Aditya Birla Sun Life Government Securities Fund
Growth
Launch Date 12 Oct 99
NAV (15 Mar 24) ₹73.7943 ↓ -0.04   (-0.06 %)
Net Assets (Cr) ₹1,435 on 31 Jan 24
Category Debt - Government Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 0.94
Sharpe Ratio 0.34
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 7.37%
Effective Maturity 12 Years 2 Months 12 Days
Modified Duration 7 Years 6 Months

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,343
28 Feb 21₹12,109
28 Feb 22₹12,880
28 Feb 23₹13,106
29 Feb 24₹14,299

Aditya Birla Sun Life 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 Aditya Birla Sun Life 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 15 Mar 24

DurationReturns
1 Month 0.5%
3 Month 2.9%
6 Month 4.7%
1 Year 8.7%
3 Year 5.9%
5 Year 7.4%
10 Year
15 Year
Since launch 8.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Bhupesh Bameta6 Aug 203.57 Yr.
Dhaval Joshi21 Nov 221.28 Yr.

Data below for Aditya Birla Sun Life Government Securities Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash4.52%
Debt95.48%
Debt Sector Allocation
SectorValue
Government95.48%
Cash Equivalent4.52%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
41%₹605 Cr60,293,050
↓ -2,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
20%₹294 Cr28,934,950
↑ 3,500,000
7.25% Govt Stock 2063
Sovereign Bonds | -
7%₹102 Cr10,053,050
India (Republic of) 0%
Sovereign Bonds | -
3%₹49 Cr6,500,000
Goi Strips 19092028
Sovereign Bonds | -
3%₹47 Cr6,500,000
7.26% Govt Stock 2033
Sovereign Bonds | -
2%₹35 Cr3,500,000
↑ 3,500,000
Gs CG 15/6/2030 - (Strips) Tb
Sovereign Bonds | -
1%₹19 Cr3,010,000
Gs CG 15/12/2030 - (Strips) Tb
Sovereign Bonds | -
1%₹19 Cr3,010,000
India (Republic of) 0%
Sovereign Bonds | -
1%₹19 Cr2,510,000
Goi Strips 12032029
Sovereign Bonds | -
1%₹18 Cr2,502,400

4. 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 (15 Mar 24) ₹56.874 ↓ -0.05   (-0.08 %)
Net Assets (Cr) ₹1,619 on 31 Jan 24
Category Debt - 10 Yr Govt Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderately Low
Expense Ratio 0.64
Sharpe Ratio 0.34
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.31%
Effective Maturity 9 Years 10 Months 28 Days
Modified Duration 6 Years 9 Months 4 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 15 Mar 24

DurationReturns
1 Month 0.6%
3 Month 2.5%
6 Month 4.1%
1 Year 8.6%
3 Year 5.5%
5 Year 7.2%
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 31 Jan 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

5. 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 8.3% since its launch.  Ranked 2 in Government Bond category.  Return for 2023 was 6.7% , 2022 was 2.1% and 2021 was 1.8% .

Below is the key information for Nippon India Gilt Securities Fund

Nippon India Gilt Securities Fund
Growth
Launch Date 22 Aug 08
NAV (15 Mar 24) ₹34.5465 ↓ -0.03   (-0.08 %)
Net Assets (Cr) ₹1,547 on 31 Jan 24
Category Debt - Government Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.57
Sharpe Ratio 0.16
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 7.38%
Effective Maturity 12 Years 1 Month 28 Days
Modified Duration 7 Years 5 Months 23 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,527
28 Feb 21₹12,174
28 Feb 22₹12,698
28 Feb 23₹13,002
29 Feb 24₹14,130

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

DurationReturns
1 Month 0.5%
3 Month 2.6%
6 Month 4.3%
1 Year 8.3%
3 Year 5.3%
5 Year 7%
10 Year
15 Year
Since launch 8.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 2.1%
2021 1.8%
2020 11.2%
2019 12.4%
2018 8%
2017 3.4%
2016 17%
2015 6.2%
2014 18.6%
Fund Manager information for Nippon India Gilt Securities Fund
NameSinceTenure
Pranay Sinha31 Mar 212.92 Yr.
Kinjal Desai31 Oct 212.33 Yr.

Data below for Nippon India Gilt Securities Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash2.03%
Debt97.97%
Debt Sector Allocation
SectorValue
Government97.97%
Cash Equivalent2.03%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
36%₹557 Cr55,465,200
↑ 6,500,000
7.26% Govt Stock 2033
Sovereign Bonds | -
20%₹310 Cr30,700,000
7.18% Govt Stock 2033
Sovereign Bonds | -
15%₹227 Cr22,500,000
7.3% Govt Stock 2053
Sovereign Bonds | -
3%₹51 Cr5,000,000
07.66 Tn SDL 2033
Sovereign Bonds | -
3%₹51 Cr5,000,000
07.64 Kt Gs 2032
Sovereign Bonds | -
3%₹51 Cr5,000,000
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹41 Cr4,000,000
↓ -2,000,000
6.67% Govt Stock 2035
Sovereign Bonds | -
3%₹39 Cr4,000,000
07.85 MP Sdl 2032
Sovereign Bonds | -
2%₹26 Cr2,500,000
07.10 MH Sdl 2032
Sovereign Bonds | -
2%₹25 Cr2,500,000

6. UTI Gilt Fund

(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 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% .

Below is the key information for UTI Gilt Fund

UTI Gilt Fund
Growth
Launch Date 21 Jan 02
NAV (15 Mar 24) ₹56.8634 ↓ -0.06   (-0.10 %)
Net Assets (Cr) ₹571 on 31 Jan 24
Category Debt - Government Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0.08
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.44%
Effective Maturity 11 Years 4 Months 2 Days
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₹11,454
28 Feb 21₹12,151
28 Feb 22₹12,545
28 Feb 23₹13,029
29 Feb 24₹14,132

UTI 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 UTI 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 15 Mar 24

DurationReturns
1 Month 0.6%
3 Month 2.7%
6 Month 4.2%
1 Year 8.2%
3 Year 5.3%
5 Year 7.1%
10 Year
15 Year
Since launch 8.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sudhir Agarwal1 Dec 212.25 Yr.

Data below for UTI Gilt Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash3.22%
Debt96.78%
Debt Sector Allocation
SectorValue
Government96.78%
Cash Equivalent3.22%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
76%₹438 Cr4,350,000,000
↑ 1,650,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
21%₹121 Cr1,200,000,000
↓ -1,500,000,000
Net Current Assets
Net Current Assets | -
2%₹14 Cr
Clearing Corporation Of India Ltd. Std - Margin
CBLO/Reverse Repo | -
1%₹4 Cr00

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Conclusion

If you want to invest in gilt mutual funds, then you need to invest opportunistically. An essential thing about investing in the best Gilt Funds is to strategies well. Having a strategy would help you to avoid perilous situations. Investing in these funds demands an ability to take a view on what the RBI may do in its credit risk policy and a Call on interest rate movements.

FAQs

1. Who releases the gilt funds?

A: The gilt funds are in the form of securities released by the Reserve Bank of India. The RBI releases the g-sec or the securities, which are in the form of funds. These, when matured, are distributed amongst the investors in the form of payouts.

2. What are the returns that I can expect on the gilt funds?

A: Gilt funds are one of the safest investments, and you can expect good returns. However, the interest payable is dependent upon the Market conditions. You can expect returns of up to 12% on your investments.

3. Do gilt funds have an expense ratio?

A: Gilt funds behave like mutual funds, and hence, there is an expense ratio. In other words, there will be certain operational costs that the investor has to bear when it comes to gilt funds. The expense ratio will be a percentage of the total investment value. Your fund manager can tell you about the amount of money that will be considered expense ratio.

4. Is there a specific time limit for which I should hold my gilt funds?

A: Like any other mutual fund, it is a good idea to hold your investment in gilt funds for 3-5 years. This is adequate time for you to realize your investment.

5. Can I create wealth by investing in gilt funds?

A: You can invest in the gilt funds and generate wealth over a medium to moderate period. After that, you can divert your Earnings into other investments. Thus, gilt funds can be used to create wealth as these are known to generate wealth.

6. What financial goal can gilt funds help me achieve?

A: If you are looking to earn on your investments over a reasonable period and increase your wealth in the medium-term, it is good to invest in gilt funds. These funds do not need you to invest in the long-term, and you can realize your investments in 3-5 years.

7. Is a gilt fund taxable?

A: You will have to pay tax on long-term Capital gains if you sell the gilt funds before maturity. The Capital Gain from the fund is also taxable. If you stay invested in the fun for a short period, which is three years, then you will have to pay Taxes for short-term capital gains. If you stay invested in the gilt fund for the given amount of time, you will have to pay tax under long-term capital gains.

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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