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3 star

PGIM India Gilt Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.09 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. 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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(₹)
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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 7.68 0.00 0.65 1.23 5.67 7.66 9.02 8.55 9.19 8.43 --
CCIL All Sovereign Bond - TRI 10.38 0.16 0.85 1.72 6.51 10.26 11.18 9.68 10.52 9.62 --
Debt: Gilt 9.38 0.00 0.71 1.39 6.52 9.46 11.28 8.71 10.07 9.43 --
Rank within category 20 12 15 14 19 20 19 14 18 17 --
Number of funds in category 21 21 21 21 21 21 21 21 21 20 0

As on 13-Jul-2020

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
3 star
Jan-13 9.02 8.55 9.19 0.44 112
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.53 9.30 10.92 0.50 3,415
Nippon India Gilt Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.91 10.47 11.92 0.62 1,452
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 14.54 10.59 11.22 0.54 1,163
DSP Government Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 13.87 10.14 10.79 0.56 918

Best & Worst Performance

Best (Period) Worst (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 8.11 3.18 0.88 1.86 0.62 0.43
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt 8.23 3.89 0.76 1.75 0.75 0.07
Rank within category 14 2 7 10 3 9
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 9 3 9
Modified Duration (yrs) 6.16 6.24 4.01 6.12
Average Maturity (yrs) 8.62 8.90 5.52 8.69
Yield to Maturity (%) 5.75 6.62 5.75 5.86

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 41.90 30.72
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 41.66 26.64
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 17.70 17.70
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 13.27 13.27
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 76.32 4.60
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 0.90 0.90
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 0.73 - 2.37 0.73
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 42.27 0.16

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-Jun-2020

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:


0.00%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 24.1260

Dividend: ₹ 15.1805


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 (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.92%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 112 Cr (As on 30-Jun-2020)
Expense: 0.44% (As on 30-Jun-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend30-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: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

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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