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IDFC Government Securities Fund - Constant Maturity Plan - Direct Plan

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Debt: Gilt with 10 year Constant Duration

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 10.50 -0.17 0.37 1.58 7.76 11.35 13.06 12.82 11.66 11.50 --
CCIL All Sovereign Bond - TRI 10.21 -0.16 0.54 1.52 6.32 10.41 10.98 9.68 10.46 9.59 --
Debt: Gilt with 10 year Constant Duration 9.93 -0.21 0.20 1.33 7.06 10.53 12.37 10.83 11.00 11.26 --
Rank within category 1 1 1 1 1 1 2 1 1 1 --
Number of funds in category 4 4 4 4 4 4 4 4 4 2 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Government Securities Fund - Constant Maturity Plan - Direct Plan
Unrated
 Jan-13 13.06 12.82 11.66 0.47 279
SBI Magnum Constant Maturity Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 11.28 11.26 11.17 0.34 735

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.98 (16-Apr-2020 - 23-Apr-2020) -2.11 (12-Aug-2013 - 19-Aug-2013)
Month 5.47 (08-Apr-2020 - 08-May-2020) -2.41 (09-Mar-2020 - 09-Apr-2020)
Quarter 9.85 (18-Apr-2019 - 19-Jul-2019) -1.69 (20-May-2013 - 19-Aug-2013)
Year 23.24 (11-Sep-2018 - 11-Sep-2019) 1.91 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.04 3.91 1.72 4.67 0.76 3.82
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt with 10 year Constant Duration 10.27 4.09 1.26 3.35 0.79 1.97
Rank within category 1 2 1 1 2 1
Number of funds in category 4 4 4 4 4 4

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 7 2 3
Modified Duration (yrs) 6.87 7.52 6.76 6.87
Average Maturity (yrs) 9.68 12.00 9.29 9.68
Yield to Maturity (%) 6.18 7.06 6.11 6.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 40.80 40.80
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 49.09 37.41
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 55.83 16.62
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.04 0.76
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.95 0.38

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-Jun-2020

Fund Manager

— Harshal Joshi since 15-May-2017

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:

-0.17%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 35.3814

Dividend Weekly: ₹ 17.8872

More

Dividend Quarterly: ₹ 11.7218

Dividend Periodic: ₹ 11.3358

Dividend Monthly: ₹ 10.5736

Investment Strategy

The scheme seeks to generate optimal returns with high liquidity by investing in Government securities such that weighted average portfolio maturity of around 10 years.

Investment Details

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

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 11.33%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 279 Cr (As on 30-Jun-2020)
Expense: 0.47% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly10-Jul-20200.1816

 03-Jul-20200.0615
 19-Jun-20200.0625
 22-May-20200.1337
 08-May-20200.3358
 30-Apr-20200.0177
 24-Apr-20200.2099
 06-Mar-20200.1402
 28-Feb-20200.0102
 14-Feb-20200.0539
 07-Feb-20200.1852
 24-Jan-20200.0180
 03-Jan-20200.0463
 27-Dec-20190.0848
 29-Nov-20190.0385
 22-Nov-20190.0209
 01-Nov-20190.0518
 25-Oct-20190.0101
 04-Oct-20190.0244
 06-Sep-20190.0267
 30-Aug-20190.0114
 02-Aug-20190.0099
 19-Jul-20190.0269
 12-Jul-20190.1922
 05-Jul-20190.1846
Dividend Monthly26-Jun-20200.0391

 28-May-20200.2825
 28-Apr-20200.1789
 27-Mar-20200.0641
 28-Feb-20200.1875
 28-Jan-20200.0405
 27-Dec-20190.0523
 28-Nov-20190.0538
 30-Oct-20190.0441
 29-Aug-20190.0365
 30-Jul-20190.2416
 27-Jun-20190.1989
 30-May-20190.2289
 28-Mar-20190.1493
 30-Aug-20170.0283
 30-Jan-20170.0496
 29-Nov-20160.1333
 27-Oct-20160.0541
 27-Sep-20160.0718
 30-Aug-20160.0531
 28-Jul-20160.0911
 29-Jun-20160.0584
 30-May-20160.0541
 28-Apr-20160.0654
 28-Mar-20160.0462
Dividend Quarterly26-Jun-20200.7135

 24-Mar-20200.2471
 26-Dec-20190.0472
 25-Sep-20190.2749
 25-Jun-20190.4223
 27-Mar-20190.0615
 27-Dec-20180.6046
 26-Sep-20180.0501
 26-Jun-20180.0094
 22-Mar-20180.0558
 21-Dec-20170.0509
 21-Sep-20170.1517
 27-Jun-20170.2311
 22-Mar-20170.0433
 22-Dec-20160.2095
 22-Sep-20160.1878
 23-Jun-20160.1733
 22-Mar-20160.1440
 21-Dec-20150.1592
 24-Sep-20150.2682
 23-Mar-20150.1985
 18-Dec-20140.0994
Dividend Periodic24-Mar-20205.0370

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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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