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Unrated

IDFC Government Securities Fund - Constant Maturity Plan - Regular Plan


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. 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 10.01 0.41 0.58 1.46 7.11 9.96 14.16 12.67 11.45 11.36 9.62
CCIL All Sovereign Bond - TRI 9.62 0.15 0.46 1.21 5.65 9.53 12.02 9.65 10.24 9.50 9.18
Debt: Gilt with 10 year Constant Duration 9.09 0.33 0.62 1.18 6.29 9.04 12.92 9.86 10.69 11.01 9.79
Rank within category 2 1 3 1 2 2 2 1 1 1 2
Number of funds in category 5 5 5 5 5 5 5 5 4 2 2

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Government Securities Fund - Constant Maturity Plan - Regular Plan
Unrated
Mar-02 14.16 12.67 11.45 0.60 259
SBI Magnum Constant Maturity Fund  | Invest Online
Unrated
Dec-00 12.30 10.89 10.77 0.64 685

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.98 (16-Apr-2020 - 23-Apr-2020) -2.11 (12-Aug-2013 - 19-Aug-2013)
Month 5.46 (08-Apr-2020 - 08-May-2020) -2.42 (09-Mar-2020 - 09-Apr-2020)
Quarter 9.82 (18-Apr-2019 - 19-Jul-2019) -1.70 (20-May-2013 - 19-Aug-2013)
Year 23.10 (11-Sep-2018 - 11-Sep-2019) -0.94 (19-Oct-2003 - 18-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.94 3.90 1.70 4.62 0.76 3.72
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt with 10 year Constant Duration 9.33 4.24 1.01 2.67 0.81 0.92
Rank within category 1 2 1 1 2 1
Number of funds in category 5 5 5 5 5 5

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 7 2 4
Modified Duration (yrs) 6.78 7.52 6.42 --
Average Maturity (yrs) 9.29 12.00 9.22 --
Yield to Maturity (%) 6.11 7.12 6.11 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 55.83 55.83
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 49.09 25.79
down 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 38.18 14.07
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.04 0.81
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 39.74 0.41

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-May-2020

Fund Manager

— Harshal Joshi since 15-May-2017

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:


0.41%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 34.9687

Dividend Weekly: ₹ 10.2342

More

Dividend Quarterly: ₹ 11.3975

Dividend Periodic: ₹ 13.4455

Dividend Monthly: ₹ 10.4949


Investment Strategy

The scheme seeks to generate optimal returns with high liquidity by investing in Government securities such that weighted average portfolio maturity of around 10 years.

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: 09-Mar-2002
Return Since Launch: 7.06%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 259 Cr (As on 31-May-2020)
Expense: 0.60% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly03-Jul-20200.0345

 19-Jun-20200.0346
 22-May-20200.0755
 08-May-20200.1906
 30-Apr-20200.0099
 24-Apr-20200.1504
 06-Mar-20200.0802
 28-Feb-20200.0056
 14-Feb-20200.0604
 07-Feb-20200.1176
 24-Jan-20200.0098
 03-Jan-20200.0264
 27-Dec-20190.0465
 20-Dec-20190.0046
 29-Nov-20190.0219
 22-Nov-20190.0115
 01-Nov-20190.0295
 25-Oct-20190.0052
 04-Oct-20190.0135
 06-Sep-20190.0152
 30-Aug-20190.0060
 02-Aug-20190.0054
 19-Jul-20190.0239
 12-Jul-20190.1102
 05-Jul-20190.1059
Dividend Monthly26-Jun-20200.0379

 28-May-20200.2803
 28-Apr-20200.1770
 27-Mar-20200.0632
 28-Feb-20200.1859
 28-Jan-20200.0395
 27-Dec-20190.0511
 28-Nov-20190.0528
 30-Oct-20190.0424
 29-Aug-20190.0357
 30-Jul-20190.2399
 27-Jun-20190.1975
 30-May-20190.2255
 28-Mar-20190.1760
 28-Dec-20180.1855
 29-Nov-20180.2020
 30-Oct-20180.1683
 27-Sep-20180.0409
 30-Jul-20180.0910
 30-May-20180.0193
 26-Mar-20180.0968
 27-Feb-20180.0010
 29-Nov-20170.0203
 30-Oct-20170.0247
 27-Sep-20170.0166
Dividend Quarterly26-Jun-20200.6924

 24-Mar-20200.2386
 26-Dec-20190.0433
 25-Sep-20190.2663
 25-Jun-20190.4090
 27-Mar-20190.0586
 27-Dec-20180.5884
 26-Sep-20180.0473
 26-Jun-20180.0082
 22-Mar-20180.0535
 21-Dec-20170.0488
 21-Sep-20170.1445
 27-Jun-20170.2239
 22-Mar-20170.0433
 22-Dec-20160.2022
 22-Sep-20160.1806
 23-Jun-20160.1661
 22-Mar-20160.1371
 21-Dec-20150.1522
 24-Sep-20150.2583
 23-Mar-20150.1919
 18-Dec-20140.2785
 19-Sep-20140.1661
 20-Jun-20140.2458
 21-Mar-20140.1637
Dividend Periodic24-Mar-20203.5495

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: http://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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