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4 star

Aditya Birla Sun Life Government Securities Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 4.15 -0.03 0.02 0.64 0.98 3.07 4.79 10.21 7.43 9.48 --
CCIL All Sovereign Bond - TRI 2.78 0.06 -0.12 1.01 1.94 2.87 3.23 9.98 6.91 8.81 --
Debt: Gilt 3.12 -0.04 -0.02 0.58 0.81 2.56 3.69 9.33 6.67 8.56 --
Rank within category 3 12 2 9 5 5 3 9 5 2 --
Number of funds in category 21 24 24 24 23 23 21 21 21 21 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Government Securities Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.79 10.21 7.43 0.29% 998
ICICI Prudential Gilt Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.67 10.37 7.24 0.56% 3,273
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 3.45 10.96 7.93 0.62% 2,041
Kotak Gilt Investment - Direct Plan  | Invest Online
4 star
Jan-13 4.42 10.34 7.15 0.23% 1,942
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.42 10.34 7.15 0.40% 1,942

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.75 19-Aug-2013 - 26-Aug-2013 -4.32 12-Aug-2013 - 19-Aug-2013
Month 6.09 08-Apr-2020 - 08-May-2020 -7.64 19-Jul-2013 - 19-Aug-2013
Quarter 9.47 22-Oct-2014 - 23-Jan-2015 -10.39 20-May-2013 - 19-Aug-2013
Year 23.56 26-Feb-2014 - 27-Feb-2015 -1.75 20-May-2013 - 20-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.83 3.84 1.57 2.48 0.76 1.58
CCIL All Sovereign Bond - TRI 9.65 4.57 1.28 1.80 -- --
Debt: Gilt 9.05 3.58 1.47 2.39 0.72 1.05
Rank within category 10 17 9 8 15 7
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 44 12 10
Modified Duration (yrs) 3.85 6.61 3.85 --
Average Maturity (yrs) 4.67 9.38 4.67 --
Yield to Maturity (%) 6.08 6.43 5.92 --
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
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 10.37 9.32
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 8.33 8.33
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 31.26 6.01
equal 7.39% Maharashtra State 2026 State Development Loan SOV 0.00 - 9.14 5.81
equal 7.16% Maharashtra State 28/09/2026 State Development Loan SOV 0.00 - 9.89 5.23
equal 7.02% Gujarat State 28/08/2026 State Development Loan SOV 0.00 - 4.83 4.68
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 4.98 4.30
equal 7.83% Gujarat State 13/07/2026 State Development Loan SOV 0.00 - 4.36 4.28
equal 7.84% Maharashtra State 13/07/2026 State Development Loan SOV 0.00 - 3.27 3.21
equal 7.18% Tamilnadu State 26/07/2027 State Development Loan SOV 0.00 - 4.97 3.13
equal 8.08% Uttar Pradesh State 15/06/2026 State Development Loan SOV 0.00 - 2.76 2.70
equal 8.03% Uttar Pradesh State 2026 State Development Loan SOV 0.00 - 4.25 2.70
equal 7.98% Gujarat State 2026 State Development Loan SOV 0.00 - 4.25 2.69
equal 7.92% Uttar Pradesh State 24/01/2028 State Development Loan SOV 0.00 - 3.10 2.67
equal 7.59% Gujarat State 15/02/2027 State Development Loan SOV 0.00 - 5.07 2.66
equal 7.40% Telangana State 2026 State Development Loan SOV 0.00 - 5.06 2.64
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 2.70 2.64
equal 6.72% Kerala State 24/03/2027 State Development Loan SOV 0.00 - 4.88 2.56
equal 7.39% Uttarakhand State 14/09/2026 State Development Loan SOV 0.00 - 3.32 2.11
equal 7.51% Maharashtra State 24/05/2027 State Development Loan SOV 0.00 - 2.79 1.78
equal 7.60% Gujarat State 2026 State Development Loan SOV 0.00 - 1.65 1.59
equal 7.58% Maharashtra State 24/08/2026 State Development Loan SOV 0.00 - 3.05 1.59
equal 7.52% Uttar Pradesh State 24/05/2027 State Development Loan SOV 0.00 - 2.49 1.59
equal 7.23% Andhra Pradesh State 26/10/2026 State Development Loan SOV 0.00 - 2.47 1.57
equal 7.20% Uttar Pradesh State 25/01/2027 State Development Loan SOV 0.00 - 2.46 1.56

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-Nov-2021

*As on 31-Oct-2021

Fund Manager

— Bhupesh Bameta since 06-Aug-2020

Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)

Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.

Funds Managed:


0.04%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 69.2471

IDCW Quarterly: ₹ 12.0433


Investment Strategy

The scheme seeks to generate income and capital appreciation through investments in government securities and T-Bills with medium-to-long term maturities.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.75%
Benchmark: NIFTY All Duration G-Sec Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 998 Cr (As on 30-Nov-2021)
Expense: 0.29% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Sep-20210.1497

 15-Jun-20210.1460
 15-Mar-20210.1473
 15-Dec-20200.1468
 15-Sep-20200.1797
 15-Jun-20200.1714
 16-Mar-20200.1096
 16-Dec-20190.1104
 16-Sep-20190.1272
 17-Jun-20190.1271
 15-Mar-20190.1223
 17-Dec-20180.1222
 17-Sep-20180.0288
 15-Dec-20170.0657
 15-Sep-20170.2504
 15-Jun-20170.2534
 15-Mar-20170.1158
 15-Dec-20160.2752
 15-Sep-20160.2786
 15-Jun-20160.2766
 15-Mar-20160.0472
 15-Dec-20150.2539
 15-Sep-20150.2804
 15-Jun-20150.2924
 16-Mar-20150.2980

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.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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