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IDFC Government Securities Fund - Investment Plan - Regular Plan

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 13.19 0.27 0.22 0.73 2.53 4.22 13.70 10.92 10.16 10.44 10.35
CCIL All Sovereign Bond - TRI 12.72 0.19 0.58 1.42 2.48 4.18 13.07 10.63 10.03 10.73 9.39
Debt: Gilt 10.86 0.21 0.21 0.75 1.93 3.28 10.84 8.89 8.94 9.68 8.96
Rank within category 2 4 9 11 2 2 1 1 3 5 1
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 04-Dec-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 13.70 10.92 10.16 1.23 2,105
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 12.19 9.55 9.90 0.95 4,307
Nippon India Gilt Securities PF
4 star
 Aug-08 11.21 10.05 10.24 1.71 1,931
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 11.19 10.04 10.24 1.59 1,931
DSP Government Securities Fund  | Invest Online
4 star
 Sep-99 12.92 10.42 9.85 1.07 561

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.84 (11-Dec-2008 - 18-Dec-2008) -10.21 (02-Jan-2009 - 09-Jan-2009)
Month 11.29 (05-Dec-2008 - 05-Jan-2009) -9.59 (02-Jan-2009 - 03-Feb-2009)
Quarter 9.11 (12-Sep-2014 - 12-Dec-2014) -11.60 (05-Jan-2009 - 06-Apr-2009)
Year 18.91 (24-Apr-2019 - 23-Apr-2020) -10.03 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.42 4.36 1.27 2.33 0.84 1.20
CCIL All Sovereign Bond - TRI 10.06 4.93 1.05 1.89 -- --
Debt: Gilt 8.54 4.03 0.92 1.68 0.76 -0.26
Rank within category 1 20 2 2 20 2
Number of funds in category 25 25 25 25 25 25

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 6 2 9
Modified Duration (yrs) 7.59 8.86 5.55 --
Average Maturity (yrs) 10.80 13.60 7.18 --
Yield to Maturity (%) 6.15 7.13 5.94 --
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 45.82 45.82
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 58.22 36.40
new 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 35.19 11.55
new 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 3.70 3.70
down 6.97% GOI 2026 GOI Securities SOV 0.00 - 22.85 1.78
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 81.83 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2020

Fund Manager

— Suyash Choudhary since 15-Oct-2010

Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.

Experience: Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.

Interviews:

Funds Managed:

0.27%

Change from previous, NAV as on 04-Dec-2020

Growth: ₹ 27.8254

Dividend Yearly: ₹ 11.8393

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Dividend Quarterly: ₹ 11.8403

Dividend Periodic: ₹ 14.1453

Dividend Half Yearly: ₹ 11.0682

Dividend: ₹ 11.3484

Investment Strategy

The scheme seeks to generate reasonable return with high liquidity through investment in Government securities across maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Dec-2008
Return Since Launch: 8.89%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,105 Cr (As on 31-Oct-2020)
Expense: 1.23% (As on 31-Oct-2020)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly28-Sep-20200.7874

 24-Mar-20200.4138
 25-Sep-20190.6381
 27-Mar-20190.5276
 21-Sep-20170.3756
 22-Mar-20170.2600
 22-Sep-20160.5850
 22-Mar-20160.1270
 24-Sep-20150.1120
 23-Mar-20150.2466
Dividend Quarterly28-Sep-20200.0307

 26-Jun-20200.7419
 24-Mar-20200.2221
 26-Dec-20190.0362
 25-Sep-20190.2460
 25-Jun-20190.3674
 27-Mar-20190.0618
 27-Dec-20180.4162
 21-Sep-20170.0506
 27-Jun-20170.4261
 22-Dec-20160.3395
 22-Sep-20160.4045
 23-Jun-20160.1733
 22-Mar-20160.0915
 21-Dec-20150.0459
 24-Sep-20150.1173
 23-Mar-20150.2487
 18-Dec-20140.2785
 19-Sep-20140.1209
 20-Jun-20140.1792
 28-May-20130.2717
 19-Mar-20130.3727
 27-Dec-20120.0412
Dividend24-Mar-20202.0557

 22-Mar-20170.8956
 17-Mar-20160.2763
 19-Mar-20150.8267
 12-Sep-20140.5606
 28-May-20130.3523
 19-Mar-20131.5175
 29-Dec-20110.3317
 29-Sep-20110.3942
 30-Mar-20110.4580
 30-Jun-20090.0876
Dividend Periodic24-Mar-20203.0092
Dividend Yearly24-Mar-20201.0526

 27-Mar-20190.7275
 20-Mar-20180.0247
 29-Mar-20170.9606
 17-Mar-20160.2826
 19-Mar-20150.7047
 29-Sep-20140.4245
 07-Mar-20140.2922
 19-Mar-20130.3952

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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