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Baroda Gilt Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 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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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.41 -0.89 -0.51 7.90 4.74 6.91 9.43
CCIL All Sovereign Bond - TRI 9.72 -0.76 -0.55 10.83 6.30 8.51 8.28
Debt: Gilt 8.90 -0.79 -0.40 9.48 5.48 7.58 8.08
Rank within category 21 15 14 21 21 21 1
Number of funds in category 25 25 25 25 25 23 19

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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 4.75 4.28 -0.24 -0.37 0.75 -1.32
CCIL All Sovereign Bond - TRI 6.17 5.52 0.07 0.12 -- --
Debt: Gilt 5.40 4.49 -0.07 -0.07 0.76 -0.68
Rank within category 20 10 21 21 11 20
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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 10 9 8
Modified Duration (yrs) 5.86 6.13 4.08 5.90
Average Maturity (yrs) 8.25 8.94 5.78 8.61
Yield to Maturity (%) 6.63 7.96 6.33 6.62

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.68% GOI 17/09/2031 GOI Securities SOV 16.74 - 26.26 26.26
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 24.10 18.84
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 7.97 - 12.55 12.55
equal 7.59% GOI 20/03/2029 GOI Securities SOV 6.77 - 10.64 10.64
equal 9.39% Karnataka State 23/10/2023 State Development Loan SOV 6.28 - 9.92 9.92
equal 8.28% GOI 21/09/2027 Central Government Loan SOV 6.01 - 9.46 9.46
equal 6.79% GOI 15/05/2027 GOI Securities SOV 2.31 - 3.64 3.64
equal 7.59% GOI 2026 GOI Securities SOV 1.21 - 1.90 1.90
equal 7.88% GOI 19/03/2030 GOI Securities SOV 0.15 - 0.23 0.23

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-Nov-2019

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:


-0.08%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 30.0703

Dividend: ₹ 21.3236


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
Benchmark: I-SEC Mi-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 28 Cr (As on 30-Nov-2019)
Expense: 1.88% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend16-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: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM