VR Logo

3 star

Nippon India Gilt Securities Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.28 0.07 -0.01 -0.42 0.33 1.72 2.71 9.44 8.08 9.25 --
CCIL All Sovereign Bond - TRI -1.10 0.02 -0.21 -1.86 -0.08 2.13 1.14 8.66 7.02 8.13 --
Debt: Gilt -0.25 0.04 -0.03 -0.34 0.32 1.80 2.86 8.71 6.90 8.00 --
Rank within category 16 6 8 16 15 15 13 9 3 1 --
Number of funds in category 24 24 24 24 24 23 21 21 21 21 0

As on 20-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Gilt Securities Fund - Direct Plan  | Invest Online
3 star
Jan-13 2.71 9.44 8.08 0.60% 1,347
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 3.04 9.70 7.44 0.40% 2,008
Kotak Gilt Investment - Direct Plan  | Invest Online
4 star
Jan-13 3.04 9.69 7.43 0.40% 2,008
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 2.82 10.38 8.31 0.62% 1,466
Aditya Birla Sun Life Government Securities Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.06 9.44 7.87 0.29% 1,035

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.60 19-Aug-2013 - 26-Aug-2013 -4.84 12-Aug-2013 - 19-Aug-2013
Month 6.28 19-Aug-2013 - 18-Sep-2013 -7.83 19-Jul-2013 - 19-Aug-2013
Quarter 9.80 12-Sep-2014 - 12-Dec-2014 -11.46 20-May-2013 - 19-Aug-2013
Year 22.83 13-Feb-2014 - 13-Feb-2015 -0.85 20-May-2013 - 20-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.07 3.75 1.43 2.13 0.79 1.43
CCIL All Sovereign Bond - TRI 8.65 4.53 1.09 1.57 -- --
Debt: Gilt 8.37 3.56 1.30 2.15 0.72 1.08
Rank within category 10 15 9 12 17 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 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 29 29 15 12
Modified Duration (yrs) 4.84 6.40 4.64 4.00
Average Maturity (yrs) 7.01 10.18 6.36 6.42
Yield to Maturity (%) 5.38 6.20 5.38 5.51
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 24.82 23.61
equal GOI 2028 GOI Securities SOV 0.00 - 11.24 11.03
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 7.86 7.64
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 22.09 7.47
equal 6.79% GOI 15/05/2027 GOI Securities SOV 5.55 - 27.73 5.55
equal 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 9.49 5.29
equal 8.22% Tamilnadu State 13/05/2025 State Development Loan SOV 0.00 - 4.90 4.79
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.98 3.88
equal 6.95% Tamilnadu State 17/02/2031 State Development Loan SOV 0.00 - 3.42 3.33
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 16.53 2.20
equal 8.35% Gujarat State 28/02/2028 State Development Loan SOV 0.00 - 1.66 1.61
equal 7.59% Karnataka State 29/03/2027 State Development Loan SOV 0.00 - 1.61 1.57
equal 7.62% Tamilnadu State 29/03/2027 State Development Loan SOV 0.00 - 0.80 0.78
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 3.43 0.74
down 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 11.27 0.73
equal 8.13% GOI 22/06/2045 GOI Securities SOV 0.31 - 0.43 0.42
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.04 - 0.41 0.40
equal 7.27% GOI 2026 GOI Securities SOV 0.39 - 12.54 0.39
equal 5.85% GOI 2030 GOI Securities SOV 0.00 - 9.01 0.36
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.33 - 14.40 0.33
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.15 0.31
new 7.50% GOI 2034 Central Government Loan SOV 0.00 - 0.29 0.29
equal 8.33% GOI 2036 Central Government Loan SOV 0.00 - 0.28 0.28
up 5.79% GOI 2030 GOI Securities SOV 0.02 - 0.29 0.15
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 0.75 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-Dec-2021

Fund Manager

— Pranay Sinha since 31-Mar-2021

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:


0.07%

Change from previous, NAV as on 20-Jan-2022

Growth: ₹ 33.7813

IDCW Monthly: ₹ 11.4609

More

IDCW: ₹ 33.6937

Growth: ₹ 33.8726

Bonus: ₹ 18.8804

Automatic Annual Reinvest: ₹ 18.2848


Investment Strategy

The scheme aims to generate optimal credit risk-free returns by investing in a portfolio of securities, issued and guaranteed by the Central and State Government.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 100
Min. No of Cheques 60
Min. Withdrawal (₹) 100
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 7 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.88%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,347 Cr (As on 31-Dec-2021)
Expense: 0.60% (As on 31-Dec-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Nov-20210.0649

 27-Sep-20210.1218
 25-Aug-20210.0647
 26-Jul-20210.0341
 25-May-20210.0876
 28-Dec-20200.0084
 25-Nov-20200.0272
 26-Oct-20200.1764
 25-Sep-20200.1418
 27-Jul-20200.1557
 25-Jun-20200.0481
 26-May-20200.2302
 27-Apr-20200.1833
 25-Feb-20200.1907
 26-Dec-20190.0293
 25-Nov-20190.0424
 25-Oct-20190.0637
 26-Aug-20190.0771
 25-Jul-20190.2442
 25-Jun-20190.2145
 27-May-20190.1591
 25-Mar-20190.1038
 25-Feb-20190.0442
 26-Dec-20180.2457
 26-Nov-20180.0872

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.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

Upcoming Video

Investors' Hangout

Investment ideas for 2022

DateFriday, 21-Jan-2022
Time12:30 PM - 01:00 PM

attending You have reserved a spot