IDFC Government Securities Fund - Investment Plan - Regular Plan

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Debt: Gilt

Analyst's Choice?

1 Lakh

Investment Grown to

₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to

₹ 1.27 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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Amount (₹)

Start date

End date

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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	9.89	0.20	0.36	-0.35	0.73	7.02	11.78	9.40	9.65	9.92	10.13
CCIL All Sovereign Bond - TRI	9.43	0.01	0.03	-0.67	0.76	5.24	11.13	9.13	9.71	10.34	9.20
Debt: Gilt	8.16	0.01	0.08	-0.13	0.52	5.33	9.23	7.66	8.57	9.23	8.79
Rank within category	1	1	1	23	6	1	1	1	4	5	1
Number of funds in category	25	25	25	25	25	25	25	25	24	22	20

As on 18-Sep-2020

Peer Comparison

Fund name	Launch Date	1-Year Return	3-Year Return	5-Year Return	Expense Ratio	Assets (Cr)
IDFC Government Securities Fund - Investment Plan - Regular Plan	Dec-08	11.78	9.40	9.65	1.16	1,631
SBI Magnum Gilt Fund \| Invest Online	Dec-00	10.08	8.31	9.46	0.94	3,838
Nippon India Gilt Securities PF	Aug-08	9.89	8.88	9.90	1.71	1,496
Nippon India Gilt Securities Fund \| Invest Online	Jul-03	9.88	8.87	9.90	1.60	1,496
DSP Government Securities Fund \| Invest Online	Sep-99	11.42	9.04	9.43	1.03	833

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	8.75	4.48	0.81	1.64	0.85	0.65
CCIL All Sovereign Bond - TRI	8.64	5.03	0.70	1.44	--	--
Debt: Gilt	7.15	4.12	0.50	1.05	0.76	-0.65
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 31-Aug-2020

Portfolio Aggregates

	Fund	1Y High	1Y Low	Category
Number of Securities	3	6	2	8
Modified Duration (yrs)	5.66	8.86	5.52	6.74
Average Maturity (yrs)	7.39	13.60	7.18	9.81
Yield to Maturity (%)	6.30	7.13	5.94	6.04

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company	Instrument	Credit Rating	1Y Range	% Assets
6.79% GOI 15/05/2027	GOI Securities	SOV	0.00 - 70.37	48.42
7.26% GOI 14/01/2029	GOI Securities	SOV	0.00 - 83.84	34.56
7.17% GOI 2028	GOI Securities	SOV	0.00 - 81.83	16.58

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

As on 31-Aug-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:

17-Dec-2019: How IDFC Mutual Fund steered clear of defaults

Funds Managed:

0.20%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 27.0147

Dividend Yearly: ₹ 11.4943

Dividend Quarterly: ₹ 11.5260

Dividend Periodic: ₹ 13.7331

Dividend Half Yearly: ₹ 11.5329

Dividend: ₹ 11.0178

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

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

Exit Load

Fund House:	IDFC Mutual Fund
Launch Date:	01-Dec-2008
Return Since Launch:	8.78%
Benchmark:	CRISIL Dynamic Gilt TRI
Riskometer:	Moderate
Type:	Open-ended
Assets:	₹ 1,631 Cr (As on 31-Aug-2020)
Expense:	1.16% (As on 31-Jul-2020)
Risk Grade:	Above Average
Return Grade:	High

Plan

Record Date

Dividend (₹ / Unit)

Dividend Quarterly

26-Jun-2020

0.7419

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	24-Mar-2020	0.2221
	26-Dec-2019	0.0362
	25-Sep-2019	0.2460
	25-Jun-2019	0.3674
	27-Mar-2019	0.0618
	27-Dec-2018	0.4162
	21-Sep-2017	0.0506
	27-Jun-2017	0.4261
	22-Dec-2016	0.3395
	22-Sep-2016	0.4045
	23-Jun-2016	0.1733
	22-Mar-2016	0.0915
	21-Dec-2015	0.0459
	24-Sep-2015	0.1173
	23-Mar-2015	0.2487
	18-Dec-2014	0.2785
	19-Sep-2014	0.1209
	20-Jun-2014	0.1792
	28-May-2013	0.2717
	19-Mar-2013	0.3727
	27-Dec-2012	0.0412

Dividend

24-Mar-2020

2.0557

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	22-Mar-2017	0.8956
	17-Mar-2016	0.2763
	19-Mar-2015	0.8267
	12-Sep-2014	0.5606
	28-May-2013	0.3523
	19-Mar-2013	1.5175
	29-Dec-2011	0.3317
	29-Sep-2011	0.3942
	30-Mar-2011	0.4580
	30-Jun-2009	0.0876

Dividend Half Yearly

24-Mar-2020

0.4138

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	25-Sep-2019	0.6381
	27-Mar-2019	0.5276
	21-Sep-2017	0.3756
	22-Mar-2017	0.2600
	22-Sep-2016	0.5850
	22-Mar-2016	0.1270
	24-Sep-2015	0.1120
	23-Mar-2015	0.2466

Dividend Periodic

24-Mar-2020

3.0092

Dividend Yearly

24-Mar-2020

1.0526

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	27-Mar-2019	0.7275
	20-Mar-2018	0.0247
	29-Mar-2017	0.9606
	17-Mar-2016	0.2826
	19-Mar-2015	0.7047
	29-Sep-2014	0.4245
	07-Mar-2014	0.2922
	19-Mar-2013	0.3952

Fund News - 31-Jan-2019

Benchmark change in Two Schemes of IDFC Mutual Fund
Fund News - 03-Apr-2018

Merger of IDFC Government Securities Provident Fund with IDFC Government Securities Fund Investment Plan
Fund News - 20-Jun-2016

IDFC Tax Saver announces dividend at Rs.2.36 per unit
Fund News - 14-Mar-2016

IDFC Arbitrage Plus Fund declares dividend at Rs. 0.50 per unit
Fundwire - 08-Jun-2015

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Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Portfolio Aggregates

Value Research Fund Style

Credit Rating vis-à-vis Category

Top Holdings

Fund Manager

0.20%

Investment Strategy

Investment Details

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