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Unrated

IDFC Government Securities Fund - Constant Maturity Plan - Regular Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 11.52 0.10 0.13 1.72 0.83 5.90 13.16 12.39 10.99 10.93 9.65
CCIL All Sovereign Bond - TRI 10.73 0.15 0.30 1.19 0.17 5.18 12.32 9.60 9.58 10.42 9.26
Debt: Gilt with 10 year Constant Duration 9.93 0.11 0.05 1.40 0.70 4.75 11.20 9.58 10.14 10.75 9.83
Rank within category 1 3 1 1 2 1 1 1 1 1 2
Number of funds in category 4 4 4 4 4 4 4 4 3 2 2

As on 21-Oct-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 13.16 12.39 10.99 0.61 308
SBI Magnum Constant Maturity Fund  | Invest Online
Unrated
Dec-00 11.45 10.78 10.46 0.64 745

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 11.41 4.23 1.50 2.99 0.79 3.32
CCIL All Sovereign Bond - TRI 8.90 5.00 0.77 1.50 -- --
Debt: Gilt with 10 year Constant Duration 9.11 4.45 0.96 2.04 0.82 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 7 2 5
Modified Duration (yrs) 6.72 8.11 6.29 6.83
Average Maturity (yrs) 9.42 12.41 8.54 9.51
Yield to Maturity (%) 6.30 7.06 6.11 6.16
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 85.16 73.45
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 17.51 17.51
new 7.73% GOI 19/12/2034 GOI Securities SOV 0.00 - 3.61 3.61
down 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 10.27 1.68
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.04 0.68
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.95 0.34

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

— 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:


0.10%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 35.4497

Dividend Weekly: ₹ 10.2109

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Dividend Quarterly: ₹ 11.5214

Dividend Periodic: ₹ 13.6304

Dividend Monthly: ₹ 10.4869


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: 7.03%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 308 Cr (As on 30-Sep-2020)
Expense: 0.61% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly16-Oct-20200.0234

 09-Oct-20200.0178
 24-Jul-20200.0069
 17-Jul-20200.0122
 10-Jul-20200.1030
 03-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
Dividend Quarterly28-Sep-20200.0323

 26-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
Dividend Monthly28-Jul-20200.1513

 26-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
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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