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IDBI Gilt Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 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 0.13 0.14 0.40 0.32 0.87 0.99 8.15 3.45 5.22 6.61 --
CCIL All Sovereign Bond - TRI 0.53 0.12 0.40 0.76 1.91 1.50 12.77 7.29 8.63 8.96 --
Debt: Gilt 0.39 0.12 0.36 0.56 1.25 1.76 11.42 6.08 7.57 8.25 --
Rank within category 24 6 11 24 22 22 25 25 24 22 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.12 (19-Aug-2013 - 26-Aug-2013) -3.61 (12-Aug-2013 - 19-Aug-2013)
Month 5.89 (19-Aug-2013 - 18-Sep-2013) -5.34 (19-Jul-2013 - 19-Aug-2013)
Quarter 7.53 (12-Sep-2014 - 12-Dec-2014) -9.24 (20-May-2013 - 19-Aug-2013)
Year 18.68 (26-Feb-2014 - 27-Feb-2015) -5.29 (03-Feb-2017 - 05-Feb-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.73 4.05 -0.49 -0.86 0.71 -3.11
CCIL All Sovereign Bond - TRI 7.31 5.14 0.31 0.57 -- --
Debt: Gilt 6.19 4.19 0.12 0.27 0.76 -0.73
Rank within category 25 12 25 25 8 25
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 2 1 8
Modified Duration (yrs) 5.96 6.64 3.94 5.35
Average Maturity (yrs) 8.29 9.55 5.32 7.86
Yield to Maturity (%) 6.29 7.41 5.97 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 90.13 84.77

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-Dec-2019

Fund Manager

— Raju Sharma since 03-May-2017

Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.

Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.

Funds Managed:


0.14%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 15.9120

Dividend Yearly: ₹ 11.7815

Dividend Quarterly: ₹ 11.0138


Investment Strategy

The Scheme seeks to generate income through investments in a diversified basket of central government securities, state government securities and treasury bills.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 0.5% for redemption within 30 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 21-Dec-2012
Return Since Launch: 6.76%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 23 Cr (As on 31-Dec-2019)
Expense: 1.73% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly21-Feb-20190.1936

 28-Jul-20170.2353
 21-Apr-20170.7883
 20-Oct-20150.1533
 07-Jul-20150.0869
 30-Mar-20150.5607
 30-Sep-20140.4676
 21-Apr-20140.2805
 04-Apr-20130.1314
Dividend Yearly21-Apr-20171.0847

 30-Mar-20150.9936
 21-Apr-20140.3585

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: www.idbimutual.co.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

How worrisome is the slowdown

dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM