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IDFC Government Securities Fund - Investment Plan - Regular Plan


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

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 sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.36 -0.25 0.37 0.20 1.72 3.59 14.13 7.74 8.24 9.13 9.30
CCIL All Sovereign Bond - TRI 0.54 -0.14 0.15 0.48 1.80 2.07 12.53 7.26 8.62 8.94 8.42
Debt: Gilt 0.40 -0.13 0.29 0.28 1.23 2.21 11.29 6.01 7.54 8.23 8.20
Rank within category 19 25 5 19 3 1 1 1 5 6 2
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 28-Jan-2020

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 18.83 (13-Feb-2014 - 13-Feb-2015) -10.03 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.78 4.02 0.51 1.24 0.73 0.90
CCIL All Sovereign Bond - TRI 7.31 5.14 0.31 0.57 -- --
Debt: Gilt 6.19 4.19 0.12 0.27 0.76 -0.73
Rank within category 1 11 1 2 11 1
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 13 4 8
Modified Duration (yrs) 8.11 8.11 4.56 5.35
Average Maturity (yrs) 12.75 12.75 6.18 7.86
Yield to Maturity (%) 7.09 8.29 6.78 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 79.42 79.42
new 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 11.55 11.55
up 7.61% GOI 2030 GOI Securities SOV 0.00 - 24.49 6.83
up 7.17% GOI 2028 GOI Securities SOV 0.01 - 53.08 1.56

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-Dec-2019

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:


-0.25%

Change from previous, NAV as on 28-Jan-2020

Growth: ₹ 24.6713

Dividend Yearly: ₹ 11.9325

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Dividend Quarterly: ₹ 11.5082

Dividend Periodic: ₹ 16.6449

Dividend Half Yearly: ₹ 11.0966

Dividend: ₹ 12.8651


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: 8.42%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 462 Cr (As on 31-Dec-2019)
Expense: 1.03% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-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
Dividend Half Yearly25-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 Yearly27-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
Dividend22-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

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: 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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