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1 star

IDBI Gilt Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.03 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 3.11 0.24 0.20 0.84 1.16 1.66 3.37 7.57 4.58 6.69 --
CCIL All Sovereign Bond - TRI 2.91 0.17 0.19 1.62 3.05 2.75 3.84 10.44 6.85 9.08 --
Debt: Gilt 3.15 0.13 0.15 0.61 1.53 2.44 3.59 9.56 6.63 8.83 --
Rank within category 10 1 4 4 21 21 12 21 20 21 --
Number of funds in category 21 24 24 24 23 23 21 21 21 21 0

As on 26-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Gilt Fund - Direct Plan
1 star
Jan-13 3.37 7.57 4.58 0.43% 27
ICICI Prudential Gilt Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.60 10.49 7.21 0.56% 3,273
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 3.24 11.16 7.85 0.62% 2,041
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.60 10.63 7.12 0.40% 1,942
Aditya Birla Sun Life Government Securities Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.59 10.48 7.36 0.29% 978

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.13 19-Aug-2013 - 26-Aug-2013 -3.60 12-Aug-2013 - 19-Aug-2013
Month 5.91 19-Aug-2013 - 18-Sep-2013 -5.32 19-Jul-2013 - 19-Aug-2013
Quarter 7.64 25-Aug-2016 - 24-Nov-2016 -9.17 20-May-2013 - 19-Aug-2013
Year 18.98 26-Feb-2014 - 27-Feb-2015 -4.12 03-Feb-2017 - 05-Feb-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.46 3.14 1.14 1.54 0.60 -0.21
CCIL All Sovereign Bond - TRI 10.24 4.77 1.33 1.94 -- --
Debt: Gilt 9.39 3.63 1.52 2.48 0.70 1.09
Rank within category 21 2 19 21 2 19
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 3 1 14
Modified Duration (yrs) 5.89 6.66 3.71 --
Average Maturity (yrs) 8.22 8.75 4.50 --
Yield to Maturity (%) 6.11 6.11 5.29 --
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
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 98.68 39.73
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 32.74 32.74
equal 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 25.11 23.20

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-Oct-2021

Fund Manager

— Raju Sharma since 03-May-2017

Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.

Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.

Funds Managed:


0.24%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 18.6535

IDCW Yearly: ₹ 14.0636

IDCW Quarterly: ₹ 13.7714


Investment Strategy

The Scheme seeks to generate income through investments in a diversified basket of central government securities, state government securities and treasury bills.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.17%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 27 Cr (As on 31-Oct-2021)
Expense: 0.43% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly21-Feb-20190.2253

 28-Jul-20170.3575
 21-Apr-20170.5462
 20-Oct-20150.1639
 07-Jul-20150.0961
 30-Mar-20151.0183
 04-Apr-20130.1314
IDCW Yearly21-Apr-20170.9847

 30-Mar-20150.9768
 21-Apr-20140.3896

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

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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