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 ICICI Prudential Long Term Gilt Fund) To generate income through investment in Gilts of various maturities. ICICI Prudential Gilt Fund is a Debt - Government Bond fund was launched on 19 Aug 99. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Gilt Fund Returns up to 1 year are on (Erstwhile SBI Magnum Gilt Fund - Long Term Plan) To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government SBI Magnum Gilt Fund is a Debt - Government Bond fund was launched on 30 Dec 00. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Gilt Fund Returns up to 1 year are on (Erstwhile 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 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 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 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 ICICI Prudential Gilt Fund Growth ₹92.142
↓ -0.25 ₹4,865 1.2 3.3 7.4 5.8 8.3 7.51% 4Y 11M 5D 9Y 6M 11D SBI Magnum Gilt Fund Growth ₹59.4046
↓ -0.12 ₹7,884 1.6 4.1 6.9 5.5 7.6 7.26% 8Y 15Y 5M 19D Aditya Birla Sun Life Government Securities Fund Growth ₹73.3126
↓ -0.15 ₹1,369 1.6 4.7 6.6 4.9 7.1 7.24% 8Y 5M 1D 15Y 11M 5D SBI Magnum Constant Maturity Fund Growth ₹56.656
↓ -0.15 ₹1,653 1.5 4.5 6.5 4.7 7.5 7.23% 6Y 10M 10D 9Y 9M 25D Nippon India Gilt Securities Fund Growth ₹34.3723
↓ -0.08 ₹1,547 1.6 4.5 6.4 4.5 6.7 7.27% 7Y 4M 13D 11Y 4M 24D UTI Gilt Fund Growth ₹56.6183
↓ -0.15 ₹644 1.7 4.3 6.3 4.8 6.7 6.96% 6Y 4M 10D 9Y 1M 2D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24 1. ICICI Prudential Gilt Fund
CAGR/Annualized return of 9.4% since its launch. Ranked 5 in Government Bond category. Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% . ICICI Prudential Gilt Fund
Growth Launch Date 19 Aug 99 NAV (19 Apr 24) ₹92.142 ↓ -0.25 (-0.27 %) Net Assets (Cr) ₹4,865 on 31 Mar 24 Category Debt - Government Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.12 Sharpe Ratio 1.9 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 9 Years 6 Months 11 Days Modified Duration 4 Years 11 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,227 31 Mar 21 ₹12,157 31 Mar 22 ₹12,647 31 Mar 23 ₹13,377 31 Mar 24 ₹14,542 Returns for ICICI Prudential Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month -0.2% 3 Month 1.2% 6 Month 3.3% 1 Year 7.4% 3 Year 5.8% 5 Year 7.7% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.3% 2022 3.7% 2021 3.8% 2020 12.6% 2019 10.8% 2018 6.8% 2017 2.1% 2016 18.2% 2015 5.5% 2014 18% Fund Manager information for ICICI Prudential Gilt Fund
Name Since Tenure Manish Banthia 22 Jan 24 0.19 Yr. Raunak Surana 22 Jan 24 0.19 Yr. Data below for ICICI Prudential Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 1.72% Debt 98.28% Debt Sector Allocation
Sector Value Government 98.28% Cash Equivalent 1.72% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -73% ₹3,603 Cr 357,474,590
↑ 35,000,000 8.25% Govt Stock 2033
Sovereign Bonds | -22% ₹1,108 Cr 108,971,700 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹75 Cr 7,500,000 8.1% Govt Stock 2034
Sovereign Bonds | -2% ₹75 Cr 7,500,000 7.69% Govt Stock 2028
Sovereign Bonds | -0% ₹4 Cr 440,654
↓ -29,050,246 08.03 GOI FCI 2024
Domestic Bonds | -0% ₹3 Cr 250,000 08.05 RJ Sdl 2025feb
Sovereign Bonds | -0% ₹1 Cr 56,000 7.38% Govt Stock 2027
Sovereign Bonds | -0% ₹0 Cr 10,470 Net Current Assets
Net Current Assets | -1% ₹51 Cr Treps
CBLO/Reverse Repo | -1% ₹34 Cr 2. SBI Magnum Gilt Fund
CAGR/Annualized return of 7.9% 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 (19 Apr 24) ₹59.4046 ↓ -0.12 (-0.21 %) Net Assets (Cr) ₹7,884 on 31 Mar 24 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.98 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.26% Effective Maturity 15 Years 5 Months 19 Days Modified Duration 8 Years Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,546 31 Mar 21 ₹12,382 31 Mar 22 ₹12,829 31 Mar 23 ₹13,559 31 Mar 24 ₹14,747 Returns for SBI Magnum Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month -0.3% 3 Month 1.6% 6 Month 4.1% 1 Year 6.9% 3 Year 5.5% 5 Year 7.9% 10 Year 15 Year Since launch 7.9% 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 0.42 Yr. Tejas Soman 1 Dec 23 0.33 Yr. Data below for SBI Magnum Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 1.27% Debt 98.73% Debt Sector Allocation
Sector Value Government 98.73% Cash Equivalent 1.27% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -58% ₹4,665 Cr 462,785,000
↓ -5,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -17% ₹1,342 Cr 133,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -16% ₹1,302 Cr 128,500,000
↑ 14,000,000 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹234 Cr 23,500,000 6.62% Govt Stock 2051
Sovereign Bonds | -2% ₹188 Cr 20,000,000 6.99% Govt Stock 2051
Sovereign Bonds | -1% ₹98 Cr 10,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -1% ₹97 Cr 9,500,000
↑ 500,000 7.26% Govt Stock 2033
Sovereign Bonds | -1% ₹56 Cr 5,500,000 07.85% Wb SDL 2042
Sovereign Bonds | -0% ₹1 Cr 75,000 Net Receivable / Payable
CBLO | -1% ₹72 Cr 3. 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 (19 Apr 24) ₹73.3126 ↓ -0.15 (-0.20 %) Net Assets (Cr) ₹1,369 on 31 Mar 24 Category Debt - Government Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 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 7.24% Effective Maturity 15 Years 11 Months 5 Days Modified Duration 8 Years 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,282 31 Mar 21 ₹12,136 31 Mar 22 ₹12,754 31 Mar 23 ₹13,124 31 Mar 24 ₹14,247 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 19 Apr 24 Duration Returns 1 Month -0.4% 3 Month 1.6% 6 Month 4.7% 1 Year 6.6% 3 Year 4.9% 5 Year 7.1% 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 3.65 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Government Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 5.54% Debt 94.46% Debt Sector Allocation
Sector Value Government 94.46% Cash Equivalent 5.54% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -35% ₹522 Cr 51,923,050
↓ -8,370,000 7.3% Govt Stock 2053
Sovereign Bonds | -25% ₹382 Cr 37,434,950
↑ 8,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -7% ₹107 Cr 10,553,050
↑ 500,000 India (Republic of) 0%
Sovereign Bonds | -3% ₹49 Cr 6,500,000 Goi Strips 19092028
Sovereign Bonds | -3% ₹47 Cr 6,500,000 Gs CG 15/6/2030 - (Strips) Tb
Sovereign Bonds | -1% ₹19 Cr 3,010,000 Gs CG 15/12/2030 - (Strips) Tb
Sovereign Bonds | -1% ₹19 Cr 3,010,000 India (Republic of) 0%
Sovereign Bonds | -1% ₹19 Cr 2,510,000 Goi Strips 12032029
Sovereign Bonds | -1% ₹18 Cr 2,502,400 Goi Strips 12092029
Sovereign Bonds | -1% ₹17 Cr 2,502,400 4. SBI Magnum Constant Maturity Fund
CAGR/Annualized return of 7.7% 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 (19 Apr 24) ₹56.656 ↓ -0.15 (-0.26 %) Net Assets (Cr) ₹1,653 on 31 Mar 24 Category Debt - 10 Yr Govt Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 0.51 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.23% Effective Maturity 9 Years 9 Months 25 Days Modified Duration 6 Years 10 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,449 31 Mar 21 ₹12,130 31 Mar 22 ₹12,561 31 Mar 23 ₹13,034 31 Mar 24 ₹14,109 Returns for SBI Magnum Constant Maturity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month -0.2% 3 Month 1.5% 6 Month 4.5% 1 Year 6.5% 3 Year 4.7% 5 Year 7% 10 Year 15 Year Since launch 7.7% 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 0.41 Yr. Tejas Soman 1 Dec 23 0.33 Yr. Data below for SBI Magnum Constant Maturity Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 1.83% Debt 98.17% Debt Sector Allocation
Sector Value Government 98.17% Cash Equivalent 1.83% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2033
Sovereign Bonds | -59% ₹980 Cr 97,000,000
↓ -5,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -22% ₹357 Cr 35,500,000
↑ 5,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -17% ₹282 Cr 28,000,000 Treps
CBLO/Reverse Repo | -1% ₹18 Cr Net Receivable / Payable
CBLO | -1% ₹12 Cr 5. Nippon India Gilt Securities Fund
CAGR/Annualized return of 8.2% 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 (19 Apr 24) ₹34.3723 ↓ -0.08 (-0.24 %) Net Assets (Cr) ₹1,547 on 31 Mar 24 Category Debt - Government Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.57 Sharpe Ratio 0.51 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 7.27% Effective Maturity 11 Years 4 Months 24 Days Modified Duration 7 Years 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,407 31 Mar 21 ₹12,058 31 Mar 22 ₹12,460 31 Mar 23 ₹12,925 31 Mar 24 ₹13,967 Returns for Nippon India Gilt Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month -0.3% 3 Month 1.6% 6 Month 4.5% 1 Year 6.4% 3 Year 4.5% 5 Year 6.8% 10 Year 15 Year Since launch 8.2% 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 Yr. Kinjal Desai 31 Oct 21 2.42 Yr. Data below for Nippon India Gilt Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.29% Debt 96.71% Debt Sector Allocation
Sector Value Government 96.71% Cash Equivalent 3.29% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -38% ₹593 Cr 58,965,200
↑ 3,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -20% ₹310 Cr 30,700,000 7.18% Govt Stock 2033
Sovereign Bonds | -19% ₹292 Cr 29,000,000
↑ 6,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -3% ₹51 Cr 5,000,000 6.67% Govt Stock 2035
Sovereign Bonds | -2% ₹39 Cr 4,000,000 07.85 MP Sdl 2032
Sovereign Bonds | -2% ₹26 Cr 2,500,000 07.66 Tn SDL 2033
Sovereign Bonds | -2% ₹25 Cr 2,500,000
↓ -2,500,000 07.10 MH Sdl 2032
Sovereign Bonds | -2% ₹25 Cr 2,500,000 7.26% Govt Stock 2032
Sovereign Bonds | -1% ₹22 Cr 2,150,000 7.32% Govt Stock 2030
Sovereign Bonds | -1% ₹20 Cr 2,000,000
↓ -2,000,000 6. UTI Gilt Fund
CAGR/Annualized return of 8.1% 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 (19 Apr 24) ₹56.6183 ↓ -0.15 (-0.27 %) Net Assets (Cr) ₹644 on 31 Mar 24 Category Debt - Government Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.53 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.96% Effective Maturity 9 Years 1 Month 2 Days Modified Duration 6 Years 4 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,258 31 Mar 21 ₹11,995 31 Mar 22 ₹12,321 31 Mar 23 ₹12,922 31 Mar 24 ₹13,957 Returns for UTI Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month -0.3% 3 Month 1.7% 6 Month 4.3% 1 Year 6.3% 3 Year 4.8% 5 Year 6.8% 10 Year 15 Year Since launch 8.1% 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 2.33 Yr. Data below for UTI Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.05% Debt 96.95% Debt Sector Allocation
Sector Value Government 96.95% Cash Equivalent 3.05% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -50% ₹292 Cr 2,900,000,000
↓ -450,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -47% ₹276 Cr 2,750,000,000
↑ 450,000,000 Net Current Assets
Net Current Assets | -2% ₹14 Cr Clearing Corporation Of India Ltd. Std - Margin
Net Current Assets | -1% ₹4 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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