Table of Contents
- How To Choose Best Gilt Debt Mutual Funds?
- Best Gilt Funds To Invest In FY 24 - 25
- How to Invest in Gilt Funds Online?
- Conclusion
- FAQs
- 1. Who releases the gilt funds?
- 2. What are the returns that I can expect on the gilt funds?
- 3. Do gilt funds have an expense ratio?
- 4. Is there a specific time limit for which I should hold my gilt funds?
- 5. Can I create wealth by investing in gilt funds?
- 6. What financial goal can gilt funds help me achieve?
- 7. Is a gilt fund taxable?
Top 6 Funds
Top 6 Best Gilt Funds To Invest In 2024
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.
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
(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 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 Below is the key information for Nippon India Gilt Securities Fund Returns up to 1 year are on (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 Below is the key information for SBI Magnum Constant Maturity 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 (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 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Government Securities Fund Growth ₹77.7807
↓ -0.15 ₹2,139 2.5 5.9 11 5.8 7.1 7.05% 8Y 9M 22D 17Y 5M 26D Nippon India Gilt Securities Fund Growth ₹36.4205
↓ -0.07 ₹1,877 2.6 5.7 10.6 5.7 6.7 7.06% 8Y 10M 17D 18Y 7M 28D SBI Magnum Constant Maturity Fund Growth ₹59.9797
↓ -0.09 ₹1,673 2.7 5.6 10.5 5.8 7.5 7.01% 6Y 11M 1D 9Y 11M 12D Canara Robeco Gilt Fund Growth ₹72.3444
↓ -0.13 ₹117 2.5 5.6 10.5 5.8 6.5 7.02% 9Y 15D 22Y 2M 13D SBI Magnum Gilt Fund Growth ₹63.0154
↓ -0.12 ₹9,757 2.6 5.9 10.4 6.9 7.6 7.06% 8Y 10M 20D 20Y 7M 10D UTI Gilt Fund Growth ₹59.8251
↓ -0.11 ₹655 2.5 5.4 10.2 5.9 6.7 7% 6Y 4M 6D 9Y 2M 8D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Oct 24 1. 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 (18 Oct 24) ₹77.7807 ↓ -0.15 (-0.19 %) Net Assets (Cr) ₹2,139 on 15 Sep 24 Category Debt - Government Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.05 Sharpe Ratio 0.81 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 7.05% Effective Maturity 17 Years 5 Months 26 Days Modified Duration 8 Years 9 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,045 30 Sep 21 ₹11,689 30 Sep 22 ₹11,740 30 Sep 23 ₹12,541 30 Sep 24 ₹13,897 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 18 Oct 24 Duration Returns 1 Month 0.3% 3 Month 2.5% 6 Month 5.9% 1 Year 11% 3 Year 5.8% 5 Year 6.7% 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 4.16 Yr. Dhaval Joshi 21 Nov 22 1.86 Yr. Data below for Aditya Birla Sun Life Government Securities Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 7.83% Debt 92.17% Debt Sector Allocation
Sector Value Government 92.17% Cash Equivalent 7.83% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -52% ₹1,126 Cr 107,179,750
↑ 3,000,000 07.18 Goi 2033
Sovereign Bonds | -24% ₹519 Cr 50,500,000
↓ -2,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -13% ₹284 Cr 27,525,000 07.18 Goi 2028
Sovereign Bonds | -4% ₹82 Cr 7,923,050
↓ -4,500,000 5.63% Govt Stock 2026
Sovereign Bonds | -0% ₹1 Cr 65,000 Clearing Corporation Of India Limited
CBLO/Reverse Repo | -6% ₹128 Cr Net Receivables / (Payables)
Net Current Assets | -2% ₹43 Cr 2. Nippon India Gilt Securities Fund
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% . Nippon India Gilt Securities Fund
Growth Launch Date 22 Aug 08 NAV (18 Oct 24) ₹36.4205 ↓ -0.07 (-0.18 %) Net Assets (Cr) ₹1,877 on 31 Aug 24 Category Debt - Government Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.42 Sharpe Ratio 0.7 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 7.06% Effective Maturity 18 Years 7 Months 28 Days Modified Duration 8 Years 10 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,043 30 Sep 21 ₹11,511 30 Sep 22 ₹11,588 30 Sep 23 ₹12,326 30 Sep 24 ₹13,605 Returns for Nippon India Gilt Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 24 Duration Returns 1 Month 0.3% 3 Month 2.6% 6 Month 5.7% 1 Year 10.6% 3 Year 5.7% 5 Year 6.2% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Pranay Sinha 31 Mar 21 3.5 Yr. Kinjal Desai 31 Oct 21 2.92 Yr. Data below for Nippon India Gilt Securities Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 3.54% Debt 96.46% Debt Sector Allocation
Sector Value Government 96.46% Cash Equivalent 3.54% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.10%Goi 08/04/2034
Sovereign Bonds | -19% ₹379 Cr 37,000,000
↑ 4,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -12% ₹248 Cr 23,500,000 7.30 Goi 19062053
Sovereign Bonds | -11% ₹221 Cr 21,000,000 07.18 Goi 24072037
Sovereign Bonds | -8% ₹165 Cr 15,965,200
↑ 1,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -7% ₹146 Cr 14,000,000 07.18 Goi 14082033
Sovereign Bonds | -7% ₹134 Cr 13,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -7% ₹130 Cr 12,565,600 7.23% Goi 15/04/2039
Sovereign Bonds | -6% ₹125 Cr 12,000,000 07.09 Goi 05082054
Sovereign Bonds | -4% ₹77 Cr 7,500,000 6.67% Govt Stock 2035
Sovereign Bonds | -2% ₹40 Cr 4,000,000 3. SBI Magnum Constant Maturity Fund
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% . SBI Magnum Constant Maturity Fund
Growth Launch Date 30 Dec 00 NAV (18 Oct 24) ₹59.9797 ↓ -0.09 (-0.15 %) Net Assets (Cr) ₹1,673 on 15 Sep 24 Category Debt - 10 Yr Govt Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 0.64 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.01% Effective Maturity 9 Years 11 Months 12 Days Modified Duration 6 Years 11 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,024 30 Sep 21 ₹11,576 30 Sep 22 ₹11,521 30 Sep 23 ₹12,394 30 Sep 24 ₹13,648 Returns for SBI Magnum Constant Maturity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 24 Duration Returns 1 Month 0.3% 3 Month 2.7% 6 Month 5.6% 1 Year 10.5% 3 Year 5.8% 5 Year 6.3% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 0.92 Yr. Tejas Soman 1 Dec 23 0.84 Yr. Data below for SBI Magnum Constant Maturity Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 2.08% Debt 97.92% Debt Sector Allocation
Sector Value Government 97.92% Cash Equivalent 2.08% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.18 Goi 14082033
Sovereign Bonds | -32% ₹539 Cr 52,500,000 07.18 Goi 24072037
Sovereign Bonds | -28% ₹470 Cr 45,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -23% ₹397 Cr 38,500,000 7.10%Goi 08/04/2034
Sovereign Bonds | -15% ₹261 Cr 25,500,000
↑ 2,000,000 Net Receivable / Payable
CBLO | -1% ₹23 Cr Treps
CBLO/Reverse Repo | -1% ₹13 Cr 4. 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 (18 Oct 24) ₹72.3444 ↓ -0.13 (-0.18 %) Net Assets (Cr) ₹117 on 31 Aug 24 Category Debt - Government Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.24 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 7.02% Effective Maturity 22 Years 2 Months 13 Days Modified Duration 9 Years 15 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,883 30 Sep 21 ₹11,304 30 Sep 22 ₹11,401 30 Sep 23 ₹12,145 30 Sep 24 ₹13,394 Returns for Canara Robeco Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 24 Duration Returns 1 Month 0.3% 3 Month 2.5% 6 Month 5.6% 1 Year 10.5% 3 Year 5.8% 5 Year 5.9% 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 2.5 Yr. Kunal Jain 18 Jul 22 2.21 Yr. Data below for Canara Robeco Gilt Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 21.43% Debt 78.57% Debt Sector Allocation
Sector Value Government 78.57% Cash Equivalent 21.43% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -32% ₹38 Cr 3,600,000 7.3% Govt Stock 2053
Sovereign Bonds | -20% ₹25 Cr 2,350,000 7.18% Govt Stock 2037
Sovereign Bonds | -14% ₹17 Cr 1,678,600 7.23% Govt Stock 2039
Sovereign Bonds | -9% ₹10 Cr 1,000,000
↓ -100,000 7.38% Govt Stock 2027
Sovereign Bonds | -2% ₹3 Cr 250,100 7.17% Govt Stock 2030
Sovereign Bonds | -1% ₹2 Cr 158,900 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 | -19% ₹23 Cr Other Current Assets
CBLO | -2% ₹3 Cr 5. 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 (18 Oct 24) ₹63.0154 ↓ -0.12 (-0.20 %) Net Assets (Cr) ₹9,757 on 15 Sep 24 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.9 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.06% Effective Maturity 20 Years 7 Months 10 Days Modified Duration 8 Years 10 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,079 30 Sep 21 ₹11,692 30 Sep 22 ₹12,000 30 Sep 23 ₹12,918 30 Sep 24 ₹14,280 Returns for SBI Magnum Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 24 Duration Returns 1 Month 0.3% 3 Month 2.6% 6 Month 5.9% 1 Year 10.4% 3 Year 6.9% 5 Year 7.2% 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 0.92 Yr. Tejas Soman 1 Dec 23 0.84 Yr. Data below for SBI Magnum Gilt Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 5.4% Debt 94.6% Debt Sector Allocation
Sector Value Government 94.6% Cash Equivalent 5.4% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -37% ₹3,823 Cr 362,000,000
↑ 100,000,000 7.10%Goi 08/04/2034
Sovereign Bonds | -35% ₹3,612 Cr 352,614,100
↓ -169,006,500 7.23% Goi 15/04/2039
Sovereign Bonds | -10% ₹1,066 Cr 102,500,000
↑ 102,500,000 7.30 Goi 19062053
Sovereign Bonds | -9% ₹925 Cr 88,000,000 Govt Stock 22092033
Sovereign Bonds | -2% ₹241 Cr 23,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -2% ₹193 Cr 18,500,000 Net Receivable / Payable
CBLO | -3% ₹283 Cr Treps
CBLO/Reverse Repo | -3% ₹280 Cr 6. 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 (18 Oct 24) ₹59.8251 ↓ -0.11 (-0.19 %) Net Assets (Cr) ₹655 on 15 Sep 24 Category Debt - Government Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.92 Sharpe Ratio 0.67 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7% Effective Maturity 9 Years 2 Months 8 Days Modified Duration 6 Years 4 Months 6 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,923 30 Sep 21 ₹11,418 30 Sep 22 ₹11,569 30 Sep 23 ₹12,358 30 Sep 24 ₹13,567 Returns for UTI Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 24 Duration Returns 1 Month 0.2% 3 Month 2.5% 6 Month 5.4% 1 Year 10.2% 3 Year 5.9% 5 Year 6.1% 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 2.84 Yr. Data below for UTI Gilt Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 3.87% Debt 96.13% Debt Sector Allocation
Sector Value Government 96.13% Cash Equivalent 3.87% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.18 Goi 2028
Sovereign Bonds | -28% ₹186 Cr 1,800,000,000 07.04 Goi 2064
Sovereign Bonds | -17% ₹112 Cr 1,100,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -16% ₹102 Cr 1,000,000,000 07.37 Goi 2028
Sovereign Bonds | -12% ₹77 Cr 750,000,000 7.09% Govt Stock 2054
Sovereign Bonds | -9% ₹56 Cr 550,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -7% ₹47 Cr 450,000,000 7.46% Govt Stock 2073
Sovereign Bonds | -5% ₹32 Cr 300,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -3% ₹21 Cr 200,000,000 Net Current Assets
Net Current Assets | -4% ₹23 Cr Clearing Corporation Of India Ltd. Std - Margin
CBLO/Reverse Repo | -0% ₹2 Cr 00
How to Invest in Gilt Funds Online?
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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.
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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