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ICICI Prudential Gilt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 8.65 -0.80 -0.45 9.10 5.78 8.59 --
CCIL All Sovereign Bond - TRI 9.72 -0.76 -0.55 10.83 6.30 8.51 --
Debt: Gilt 9.45 -0.75 -0.27 10.04 6.16 8.30 --
Rank within category 16 12 14 15 15 10 --
Number of funds in category 21 21 21 21 21 21 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 6.21 (04-Nov-2016 - 06-Dec-2016) -7.77 (19-Jul-2013 - 19-Aug-2013)
Quarter 9.20 (12-Sep-2014 - 12-Dec-2014) -11.89 (20-May-2013 - 19-Aug-2013)
Year 22.34 (04-Apr-2014 - 06-Apr-2015) -3.51 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.64 5.18 -0.03 -0.04 0.84 -0.46
CCIL All Sovereign Bond - TRI 6.17 5.52 0.07 0.12 -- --
Debt: Gilt 6.02 4.48 0.07 0.17 0.76 -0.06
Rank within category 15 20 15 15 16 15
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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 23 6 8
Modified Duration (yrs) 6.27 6.27 1.45 5.90
Average Maturity (yrs) 10.99 10.99 1.99 8.61
Yield to Maturity (%) 7.07 7.74 6.62 6.62

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 84.28 84.28
down 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 10.34 10.28
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 6.95 2.44
equal 6.99% Andhra Pradesh State 26/10/2020 State Development Loan SOV 0.51 - 0.61 0.55
equal 8.03% GOI 15/12/2024 Central Government Loan SOV 0.00 - 0.25 0.24
equal 8.15% GOI 16/10/2022 Central Government Loan SOV 0.00 - 0.08 0.08
equal Axis Bank 30/04/2024 Interest Rate Swap 0.00 - -4.36 -4.53
equal ICICI Bank 30/04/2024 Interest Rate Swap 0.00 - -4.36 -4.53
equal HSBC 2024 Interest Rate Swap 0.00 - -6.53 -6.79
equal ICICI Securities 2024 Interest Rate Swap 0.00 - -6.53 -6.79
equal IDFC First Bank 2024 Interest Rate Swap 0.00 - -8.71 -9.05

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-2019

Fund Manager

— Anuj Tagra since 01-Nov-2013

Education: Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies

Experience: Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.

Funds Managed:

— Rahul Goswami since 01-Jan-2013

Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)

Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Funds Managed:


-0.08%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 70.5452

Dividend Half Yearly: ₹ 14.3436

Bonus: ₹ 16.6461


Investment Strategy

The scheme seeks to generate steady and consistent return from a basket of government securities across various maturities through proactive fund management aimed at controlling Interest rate risk. The investment plan will invest in gilt including T-Bills with medium to long maturity, with average maturity of the portfolio normally not exceeding 8 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,105 Cr (As on 30-Nov-2019)
Expense: 0.57% (As on 31-Oct-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly17-May-20180.1077

 29-Nov-20170.1082
 28-Nov-20161.2823
 30-May-20160.4433
 23-Nov-20150.4064
 21-May-20150.9055
 26-Sep-20140.3483
 22-May-20140.4827
 22-Nov-20130.0390
 23-May-20130.9012

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: www.icicipruamc.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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM