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HDFC Gilt Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 8.03 0.21 0.28 0.16 0.48 4.86 9.18 6.73 7.81 9.49 8.31
CCIL All Sovereign Bond - TRI 9.47 0.25 -0.08 -0.35 0.14 4.56 11.52 9.20 9.44 10.48 9.12
Debt: Gilt 8.47 0.16 0.16 -0.14 0.26 4.60 9.54 7.82 8.37 9.49 8.78
Rank within category 18 4 2 5 6 10 17 21 19 12 13
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Gilt Fund  | Invest Online
3 star
 Jul-01 9.18 6.73 7.81 0.89 2,155
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 10.59 8.39 9.23 0.94 3,838
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 12.52 9.67 9.51 1.22 1,631
Nippon India Gilt Securities PF
4 star
 Aug-08 10.17 9.04 9.69 1.71 1,496
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 10.16 9.03 9.69 1.60 1,496

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.36 (11-Dec-2008 - 18-Dec-2008) -9.18 (02-Jan-2009 - 09-Jan-2009)
Month 14.25 (18-Nov-2008 - 18-Dec-2008) -8.70 (02-Jan-2009 - 03-Feb-2009)
Quarter 20.66 (03-Oct-2008 - 02-Jan-2009) -11.60 (20-May-2013 - 19-Aug-2013)
Year 25.32 (21-May-2002 - 21-May-2003) -10.19 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.52 2.97 0.49 0.76 0.54 -0.62
CCIL All Sovereign Bond - TRI 8.90 5.00 0.77 1.50 -- --
Debt: Gilt 7.60 4.08 0.63 1.26 0.76 -0.36
Rank within category 21 1 19 21 1 17
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 27 22 8
Modified Duration (yrs) 5.67 5.67 3.99 6.74
Average Maturity (yrs) 7.73 7.73 5.40 9.81
Yield to Maturity (%) 6.08 6.59 5.54 6.04
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.26% GOI 14/01/2029 GOI Securities SOV 7.69 - 16.50 16.50
equal 7.17% GOI 2028 GOI Securities SOV 13.33 - 25.32 15.92
down 5.79% GOI 2030 GOI Securities SOV 0.00 - 12.95 12.95
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 13.19 10.59
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 13.93 10.52
down 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 10.64 9.14
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 10.79 5.03
down 6.97% GOI 2026 GOI Securities SOV 1.20 - 5.01 3.17
equal 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 2.07 - 5.42 2.50
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 2.03 2.03
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 1.47 1.36
equal 8.60% Rajasthan State 2028 State Development Loan SOV 1.09 - 4.49 1.30
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 1.08 - 2.76 1.28
equal 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 1.65 1.26
down 8.60% Madhya Pradesh State 23/01/2023 State Development Loan SOV 1.25 - 5.42 1.25
equal 7.83% Maharashtra State 2030 State Development Loan SOV 0.00 - 1.63 1.25
equal 7.73% Gujarat State 2029 State Development Loan SOV 0.00 - 1.61 1.24
equal 8.24% GOI 2033 Central Government Loan SOV 0.19 - 0.49 0.23
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.13 - 0.33 0.15
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.10 - 5.35 0.12
equal 8.97% GOI 2030 Central Government Loan SOV 0.05 - 0.12 0.06
equal 7.95% GOI 2032 GOI Securities SOV 0.05 - 0.13 0.06
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.05 - 2.66 0.05

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-Aug-2020

Fund Manager

— Anil Bamboli since 01-Sep-2007

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:

Invest Online
0.21%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 42.8181

Dividend Quarterly: ₹ 11.8691

Investment Strategy

The scheme is a dedicated gilt scheme which seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI with medium to long term residual maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 25-Jul-2001
Return Since Launch: 7.83%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,155 Cr (As on 31-Aug-2020)
Expense: 0.89% (As on 31-Aug-2020)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-Sep-20200.0500

 25-Jun-20200.2500
 18-Mar-20200.1500
 26-Dec-20190.0500
 25-Sep-20190.1500
 25-Jun-20190.1000
 25-Mar-20190.1000
 26-Dec-20180.1500
 25-Sep-20180.0500
 25-Jun-20180.0500
 26-Mar-20180.0500
 26-Dec-20170.0500
 25-Sep-20170.0500
 27-Jun-20170.2500
 27-Mar-20170.1000
 26-Dec-20160.2000
 26-Sep-20160.4000
 27-Jun-20160.1500
 28-Mar-20160.1000
 28-Dec-20150.1000
 28-Sep-20150.2000
 25-Jun-20150.0750
 25-Mar-20150.3000
 26-Dec-20140.4000
 25-Sep-20140.2000

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

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

Fax: 022-22821144

Website: http://www.hdfcfund.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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