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Top 6 Best Gilt Funds To Invest In 2024

Updated on July 15, 2024 , 52928 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
Aditya Birla Sun Life Government Securities Fund Growth ₹75.8277
↑ 0.10
₹1,7783.34.98.35.77.17.21%8Y 5M 26D19Y 7M 20D
SBI Magnum Gilt Fund Growth ₹61.3837
↑ 0.07
₹8,7573.24.886.47.67.35%7Y 4M 24D14Y 1M 2D
ICICI Prudential Gilt Fund Growth ₹94.6549
↑ 0.06
₹6,2892.63.97.86.58.37.38%6Y 3M 29D10Y 7M 6D
UTI Gilt Fund Growth ₹58.3278
↑ 0.08
₹6212.94.67.85.56.77.11%7Y 2M 8D12Y 4M 24D
Canara Robeco Gilt Fund Growth ₹70.5524
↑ 0.09
₹11034.87.75.36.57.19%8Y 11M 12D20Y 11M 10D
Nippon India Gilt Securities Fund Growth ₹35.479
↑ 0.05
₹1,8653.14.77.75.36.77.33%7Y 5M 1D12Y 8M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jul 24

1. 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 (16 Jul 24) ₹75.8277 ↑ 0.10   (0.13 %)
Net Assets (Cr) ₹1,778 on 31 May 24
Category Debt - Government Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 0.94
Sharpe Ratio 0.12
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 7.21%
Effective Maturity 19 Years 7 Months 20 Days
Modified Duration 8 Years 5 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
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

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 ₹200,132.
Net Profit of ₹20,132
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 16 Jul 24

DurationReturns
1 Month 0.7%
3 Month 3.3%
6 Month 4.9%
1 Year 8.3%
3 Year 5.7%
5 Year 6%
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 203.82 Yr.
Dhaval Joshi21 Nov 221.53 Yr.

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

Asset Allocation
Asset ClassValue
Cash7.67%
Debt92.33%
Debt Sector Allocation
SectorValue
Government92.33%
Cash Equivalent7.67%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.3% Govt Stock 2053
Sovereign Bonds | -
24%₹456 Cr44,429,750
↓ -4,505,200
7.18% Govt Stock 2033
Sovereign Bonds | -
14%₹260 Cr25,750,000
↑ 10,000,000
7.25% Govt Stock 2063
Sovereign Bonds | -
11%₹204 Cr20,053,050
↑ 500,000
07.34 Goi 2064
Sovereign Bonds | -
7%₹131 Cr12,685,620
↑ 500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
5%₹100 Cr9,923,050
Karnataka (Government of)
- | -
3%₹50 Cr5,000,000
India (Republic of) 0%
Sovereign Bonds | -
3%₹50 Cr6,500,000
07.70 MH Sdl 2034
Sovereign Bonds | -
1%₹26 Cr2,500,000
↑ 2,500,000
7.23% Govt Stock 2039
Sovereign Bonds | -
1%₹25 Cr2,500,000
↑ 2,500,000
Uttar Pradesh (Government of)
- | -
1%₹25 Cr2,500,000

2. SBI Magnum Gilt Fund

(Erstwhile SBI Magnum Gilt Fund - Long Term Plan)

To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government

SBI Magnum Gilt Fund is a Debt - Government Bond fund was launched on 30 Dec 00. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8% 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 (16 Jul 24) ₹61.3837 ↑ 0.07   (0.12 %)
Net Assets (Cr) ₹8,757 on 31 May 24
Category Debt - Government Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 0.94
Sharpe Ratio 0.02
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.35%
Effective Maturity 14 Years 1 Month 2 Days
Modified Duration 7 Years 4 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
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

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 ₹200,132.
Net Profit of ₹20,132
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 16 Jul 24

DurationReturns
1 Month 0.8%
3 Month 3.2%
6 Month 4.8%
1 Year 8%
3 Year 6.4%
5 Year 6.7%
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 230.58 Yr.
Tejas Soman1 Dec 230.5 Yr.

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

Asset Allocation
Asset ClassValue
Cash2.28%
Debt97.72%
Debt Sector Allocation
SectorValue
Government97.72%
Cash Equivalent2.28%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.1% Govt Stock 2034
Sovereign Bonds | -
48%₹4,230 Cr419,688,100
↑ 9,500,000
07.34 Goi 2064
Sovereign Bonds | -
17%₹1,479 Cr143,500,000
↑ 3,500,000
7.3% Govt Stock 2053
Sovereign Bonds | -
11%₹980 Cr95,500,000
↑ 95,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
9%₹795 Cr78,785,000
↓ -9,000,000
7.25% Govt Stock 2063
Sovereign Bonds | -
7%₹606 Cr59,500,000
↑ 12,500,000
8.34% Govt Stock 2033
Sovereign Bonds | -
3%₹240 Cr23,500,000
07.82 TN Sgs 2032
Sovereign Bonds | -
2%₹159 Cr15,500,000
↑ 15,500,000
Uttar Pradesh (Government of) 7.51%
- | -
1%₹71 Cr7,000,000
↓ -4,000,000
07.72 Tn SDL 2033
Sovereign Bonds | -
1%₹61 Cr6,000,000
↑ 6,000,000
06.83 MH Sdl 2032
Sovereign Bonds | -
1%₹48 Cr5,000,000
↑ 5,000,000

3. 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 9.4% since its launch.  Ranked 5 in Government Bond category.  Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% .

Below is the key information for ICICI Prudential Gilt Fund

ICICI Prudential Gilt Fund
Growth
Launch Date 19 Aug 99
NAV (16 Jul 24) ₹94.6549 ↑ 0.06   (0.06 %)
Net Assets (Cr) ₹6,289 on 31 May 24
Category Debt - Government Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.12
Sharpe Ratio 0.44
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.38%
Effective Maturity 10 Years 7 Months 6 Days
Modified Duration 6 Years 3 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
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

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 ₹200,132.
Net Profit of ₹20,132
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 16 Jul 24

DurationReturns
1 Month 0.7%
3 Month 2.6%
6 Month 3.9%
1 Year 7.8%
3 Year 6.5%
5 Year 6.8%
10 Year
15 Year
Since launch 9.4%
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 240.36 Yr.
Raunak Surana22 Jan 240.36 Yr.

Data below for ICICI Prudential Gilt Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash27.46%
Debt72.54%
Debt Sector Allocation
SectorValue
Government72.54%
Cash Equivalent27.46%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
47%₹3,003 Cr297,520,890
↓ -159,600,000
8.34% Govt Stock 2033
Sovereign Bonds | -
16%₹1,061 Cr103,971,700
182 DTB 22082024
Sovereign Bonds | -
6%₹356 Cr36,000,000
↑ 36,000,000
7.1% Govt Stock 2034
Sovereign Bonds | -
5%₹301 Cr29,858,100
↑ 10,289,000
182 DTB 29082024
Sovereign Bonds | -
3%₹207 Cr21,000,000
↑ 21,000,000
91 DTB 25072024
Sovereign Bonds | -
2%₹144 Cr14,500,000
↑ 14,500,000
191 DTB 19072024
Sovereign Bonds | -
2%₹124 Cr12,500,000
↑ 12,500,000
91 DTB 02082024
Sovereign Bonds | -
2%₹124 Cr12,500,000
↑ 12,500,000
182 DTB 25072024
Sovereign Bonds | -
2%₹109 Cr11,000,000
↑ 11,000,000
Uttar Pradesh (Government of)
- | -
2%₹108 Cr10,622,600
↓ -2,800,000

4. 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 (16 Jul 24) ₹58.3278 ↑ 0.08   (0.14 %)
Net Assets (Cr) ₹621 on 31 May 24
Category Debt - Government Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0.04
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.11%
Effective Maturity 12 Years 4 Months 24 Days
Modified Duration 7 Years 2 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
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

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 ₹197,169.
Net Profit of ₹17,169
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 16 Jul 24

DurationReturns
1 Month 0.7%
3 Month 2.9%
6 Month 4.6%
1 Year 7.8%
3 Year 5.5%
5 Year 5.6%
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 212.5 Yr.

Data below for UTI Gilt Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash7.94%
Debt92.06%
Debt Sector Allocation
SectorValue
Government92.06%
Cash Equivalent7.94%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.1% Govt Stock 2034
Sovereign Bonds | -
47%₹292 Cr2,900,000,000
↑ 750,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
37%₹233 Cr2,300,000,000
7.18% Govt Stock 2033
Sovereign Bonds | -
8%₹50 Cr500,000,000
Net Current Assets
Net Current Assets | -
8%₹48 Cr
Clearing Corporation Of India Ltd. Std - Margin
CBLO/Reverse Repo | -
0%₹1 Cr00
7.25% Govt Stock 2063
Sovereign Bonds | -
₹0 Cr00
↓ -400,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
₹0 Cr00
↓ -100,000,000

5. Canara Robeco Gilt Fund

(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 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% .

Below is the key information for Canara Robeco Gilt Fund

Canara Robeco Gilt Fund
Growth
Launch Date 29 Dec 99
NAV (16 Jul 24) ₹70.5524 ↑ 0.09   (0.13 %)
Net Assets (Cr) ₹110 on 31 May 24
Category Debt - Government Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderate
Expense Ratio 1.24
Sharpe Ratio -0.23
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.19%
Effective Maturity 20 Years 11 Months 10 Days
Modified Duration 8 Years 11 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
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

Canara Robeco 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 ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Canara Robeco 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 16 Jul 24

DurationReturns
1 Month 0.8%
3 Month 3%
6 Month 4.8%
1 Year 7.7%
3 Year 5.3%
5 Year 5.3%
10 Year
15 Year
Since launch 8.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Avnish Jain1 Apr 222.17 Yr.
Kunal Jain18 Jul 221.87 Yr.

Data below for Canara Robeco Gilt Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash20.09%
Debt79.91%
Debt Sector Allocation
SectorValue
Government79.91%
Cash Equivalent20.09%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
07.34 Goi 2064
Sovereign Bonds | -
23%₹26 Cr2,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
19%₹21 Cr2,100,000
7.25% Govt Stock 2063
Sovereign Bonds | -
14%₹15 Cr1,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
13%₹14 Cr1,400,000
↓ -2,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
6%₹6 Cr600,000
↑ 600,000
7.17% Govt Stock 2030
Sovereign Bonds | -
2%₹3 Cr258,900
7.38% Govt Stock 2027
Sovereign Bonds | -
2%₹3 Cr250,100
8.13% Govt Stock 2045
Sovereign Bonds | -
0%₹0 Cr10,000
7.1% Govt Stock 2034
Sovereign Bonds | -
0%₹0 Cr7,950
Treps
CBLO/Reverse Repo | -
18%₹20 Cr

6. 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 (16 Jul 24) ₹35.479 ↑ 0.05   (0.13 %)
Net Assets (Cr) ₹1,865 on 31 May 24
Category Debt - Government Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.57
Sharpe Ratio -0.14
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-15 Days (0.25%),15 Days and above(NIL)
Yield to Maturity 7.33%
Effective Maturity 12 Years 8 Months 8 Days
Modified Duration 7 Years 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹11,350
30 Jun 21₹11,628
30 Jun 22₹11,679
30 Jun 23₹12,592
30 Jun 24₹13,538

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 ₹197,169.
Net Profit of ₹17,169
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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 16 Jul 24

DurationReturns
1 Month 0.8%
3 Month 3.1%
6 Month 4.7%
1 Year 7.7%
3 Year 5.3%
5 Year 5.7%
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 213.17 Yr.
Kinjal Desai31 Oct 212.59 Yr.

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

Asset Allocation
Asset ClassValue
Cash2.86%
Debt97.14%
Debt Sector Allocation
SectorValue
Government97.14%
Cash Equivalent2.86%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
20%₹374 Cr36,965,200
↓ -5,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
12%₹230 Cr22,700,000
↓ -5,500,000
7.23% Govt Stock 2039
Sovereign Bonds | -
12%₹224 Cr22,000,000
↓ -2,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
12%₹221 Cr21,500,000
↑ 500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
9%₹177 Cr17,500,000
↓ -7,500,000
07.34 Goi 2064
Sovereign Bonds | -
8%₹149 Cr14,500,000
↑ 7,000,000
7.1% Govt Stock 2034
Sovereign Bonds | -
8%₹146 Cr14,500,000
↑ 10,000,000
7.25% Govt Stock 2063
Sovereign Bonds | -
2%₹41 Cr4,000,000
↑ 4,000,000
6.67% Govt Stock 2035
Sovereign Bonds | -
2%₹39 Cr4,000,000
07.85 MP Sdl 2032
Sovereign Bonds | -
1%₹26 Cr2,500,000

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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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