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3 star

PGIM India Gilt Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 3.44 0.01 0.32 1.29 1.83 4.70 5.99 9.83 7.62 8.91 --
CCIL All Sovereign Bond - TRI 1.63 0.12 0.43 2.27 1.79 4.19 4.76 11.65 7.97 9.65 --
Debt: Gilt 2.55 0.03 0.20 1.35 1.92 4.40 5.48 10.43 7.92 9.52 --
Rank within category 3 16 2 13 16 7 8 13 14 16 --
Number of funds in category 21 23 23 23 23 21 21 21 21 21 0

As on 16-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Gilt Fund - Direct Plan  | Invest Online
3 star
Jan-13 5.99 9.83 7.62 0.30 136
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.76 11.21 8.89 0.47 3,620
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 5.75 12.33 9.25 0.62 1,937
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 6.70 11.28 8.44 0.40 1,530
Aditya Birla Sun Life Government Securities Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.49 11.27 8.76 0.29 863

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.55 19-Aug-2013 - 26-Aug-2013 -4.37 12-Aug-2013 - 19-Aug-2013
Month 5.23 20-Aug-2013 - 19-Sep-2013 -7.72 15-Jul-2013 - 14-Aug-2013
Quarter 7.95 16-Apr-2019 - 16-Jul-2019 -10.76 20-May-2013 - 19-Aug-2013
Year 17.56 26-Feb-2014 - 27-Feb-2015 -2.28 21-May-2013 - 21-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.12 3.19 1.60 2.75 0.64 0.87
CCIL All Sovereign Bond - TRI 10.61 4.72 1.39 1.99 -- --
Debt: Gilt 9.75 3.62 1.58 2.55 0.70 1.11
Rank within category 15 3 12 7 6 13
Number of funds in category 21 21 21 21 21 21

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 13 5 12
Modified Duration (yrs) 4.78 6.62 3.18 4.73
Average Maturity (yrs) 6.58 9.79 4.21 8.13
Yield to Maturity (%) 5.46 5.81 4.71 5.61
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
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 27.60 27.60
new 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 22.02 22.02
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 22.24 14.40
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 8.10 8.10
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 15.33 7.87
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 37.39 3.66
equal 5.77% GOI 2030 GOI Securities SOV 2.68 - 37.87 2.68
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 0.51 - 0.66 0.60
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.12 - 9.07 0.13

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-Aug-2021

Fund Manager

— Puneet Pal since 13-Dec-2017

Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.

Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Funds Managed:


0.01%

Change from previous, NAV as on 16-Sep-2021

Growth: ₹ 25.5658

IDCW: ₹ 15.0372


Investment Strategy

The scheme aims to generate returns by investing in a portfolio of Central/State Government securities of various maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.38%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 136 Cr (As on 31-Aug-2021)
Expense: 0.30% (As on 31-Jul-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-Jun-20210.2400

 26-Mar-20210.2400
 31-Dec-20200.2500
 25-Sep-20200.2800
 30-Jun-20200.2600
 27-Mar-20200.1729
 26-Dec-20190.1801
 27-Sep-20190.1801
 28-Jun-20190.1657
 25-Mar-20190.1657
 28-Dec-20180.1657
 28-Sep-20180.1657
 28-Jun-20180.1657
 23-Mar-20180.1661
 28-Dec-20170.1661
 28-Mar-20160.7223
 27-Mar-20150.5807
 26-Sep-20140.6234
 31-May-20130.2628
 26-Mar-20130.1762

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.com

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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