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Nippon India Gilt Securities Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 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 -0.11 0.00 0.16 0.34 1.43 2.09 13.75 8.58 10.02 10.44 --
Debt: Gilt 0.07 0.00 0.14 0.42 1.19 1.29 11.77 6.69 8.32 8.89 --
Rank within category 18 10 11 19 5 6 3 1 1 1 --
Number of funds in category 21 21 21 21 21 21 21 21 21 19 0

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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 8.69 4.07 0.73 1.38 0.77 1.75
Debt: Gilt 6.85 4.16 0.28 0.56 0.75 -0.06
Rank within category 1 12 1 3 12 1
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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 20 6 8
Modified Duration (yrs) 6.73 6.73 4.35 5.35
Average Maturity (yrs) 10.04 10.34 6.17 7.86
Yield to Maturity (%) 6.86 7.82 6.54 6.57

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 - 54.35 54.35
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 47.81 31.38
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 16.87 10.72
new 8.21% Rajasthan State 31/03/2022 State Development Loan SOV 0.00 - 0.92 0.92
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.06 - 15.35 0.06
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.05 - 0.05 0.05

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 31-Dec-2019

Fund Manager

— Prashant R Pimple since 01-Jan-2013

Education: Mr. Pimple is a MBA (Finance) and CTM.

Experience: Prior to joining Reliance Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.

Funds Managed:


0.00%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 29.3155

Growth: ₹ 29.3944

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Dividend Monthly: ₹ 11.4208

Dividend: ₹ 29.2402

Bonus: ₹ 16.3845

Automatic Annual Reinvest: ₹ 15.8674


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
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: 10.62%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,118 Cr (As on 31-Dec-2019)
Expense: 0.69% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-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
 25-Oct-20180.0944
 27-Aug-20180.0317
 25-Jul-20180.0519
 25-Jun-20180.0211
 25-May-20180.0261
 28-Aug-20170.0127
 25-Jul-20170.0793
 27-Jun-20170.1631
 25-May-20170.1015
 25-Apr-20170.0105
 29-Mar-20170.0247
 25-Jan-20170.1358
 25-Nov-20160.3441
 25-Oct-20160.0475

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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Value Investing

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