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2 star

Baroda Gilt Fund


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.10 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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(₹)
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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 8.96 0.00 0.36 1.78 1.06 4.42 9.54 7.65 7.72 8.54 8.90
CCIL All Sovereign Bond - TRI 11.19 -0.06 0.42 1.59 0.56 4.79 12.59 9.81 9.67 10.47 9.30
Debt: Gilt 10.24 -0.04 0.57 2.07 1.27 4.58 11.02 8.48 8.65 9.53 8.96
Rank within category 21 1 23 22 18 17 21 19 22 21 12
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Gilt Fund
2 star
Mar-02 9.54 7.65 7.72 1.84 30
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 12.48 9.20 9.63 0.95 3,693
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
Dec-08 13.97 10.53 9.88 1.22 1,596
Nippon India Gilt Securities PF
4 star
Aug-08 11.43 9.61 9.95 1.71 1,506
Nippon India Gilt Securities Fund  | Invest Online
4 star
Jul-03 11.41 9.61 9.95 1.59 1,506

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.94 (23-Mar-2010 - 31-Mar-2010) -3.02 (12-Aug-2013 - 19-Aug-2013)
Month 11.19 (29-Mar-2010 - 28-Apr-2010) -5.15 (19-Jul-2013 - 19-Aug-2013)
Quarter 12.21 (04-Feb-2010 - 06-May-2010) -7.70 (13-May-2004 - 12-Aug-2004)
Year 19.87 (26-Mar-2010 - 28-Mar-2011) -6.40 (07-Nov-2003 - 08-Nov-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.82 3.87 0.45 0.83 0.74 -1.09
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 19 8 20 20 11 21
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 11 11 9 8
Modified Duration (yrs) 5.10 5.86 4.82 6.98
Average Maturity (yrs) 6.81 8.25 5.02 10.56
Yield to Maturity (%) 5.91 6.63 5.66 6.02
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 17.82 - 24.00 17.82
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 7.97 - 12.94 11.91
equal 8.11% Chhattisgarh State 31/01/2028 State Development Loan SOV 0.00 - 12.62 11.84
equal 6.68% GOI 17/09/2031 GOI Securities SOV 11.66 - 26.26 11.66
equal 7.59% GOI 20/03/2029 GOI Securities SOV 6.77 - 11.04 10.14
equal 9.39% Karnataka State 23/10/2023 State Development Loan SOV 6.32 - 10.23 9.28
equal 8.28% GOI 21/09/2027 Central Government Loan SOV 6.01 - 9.74 8.99
equal 6.79% GOI 15/05/2027 GOI Securities SOV 2.31 - 3.76 3.48
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 14.90 3.41
equal 7.59% GOI 2026 GOI Securities SOV 1.21 - 1.96 1.81
equal 7.88% GOI 19/03/2030 GOI Securities SOV 0.15 - 0.24 0.22

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 30-Sep-2020

Fund Manager

— Hetal P Shah since 01-Jan-2008

Education: Ms. Hetal P. Shah is a B.Com, MBA, and JAIIB.

Experience: Prior to joining Baroda AMC she has worked with Bank of India from may 1999.

Funds Managed:


0.00%

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

Growth: ₹ 33.2315

Dividend: ₹ 23.3515


Investment Strategy

The scheme aims to generate income by investing in a portfolio of government securities. The corpus will be invested in sovereign securities issued by Central and State governments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 21-Mar-2002
Return Since Launch: 6.66%
Benchmark: I-SEC Mi-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 30 Cr (As on 30-Sep-2020)
Expense: 1.84% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-Mar-20200.1441

 16-Mar-20181.0834
 24-Jun-20160.8667
 23-Mar-20160.8667
 21-Mar-20141.9482

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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