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2 star

Tata Gilt Securities Fund - Direct Plan

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Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.42 -0.12 0.28 1.31 5.87 9.12 8.93 7.71 9.36 9.31 --
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 9.18 -0.18 0.23 1.21 6.33 9.66 11.05 8.66 9.99 9.39 --
Rank within category 16 1 9 8 15 14 17 17 16 12 --
Number of funds in category 21 21 21 21 21 21 21 21 21 20 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)
Tata Gilt Securities Fund - Direct Plan  | Invest Online
2 star
 Jan-13 8.93 7.71 9.36 0.79 189
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 12.26 9.25 10.82 0.50 3,415
Nippon India Gilt Securities Fund - Direct Plan  | Invest Online
5 star
 Jan-13 12.65 10.41 11.83 0.62 1,452
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
 Jan-13 14.29 10.54 11.13 0.54 1,163
DSP Government Securities Fund - Direct Plan  | Invest Online
5 star
 Jan-13 13.63 10.12 10.70 0.56 918

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.16 (19-Aug-2013 - 26-Aug-2013) -4.15 (12-Aug-2013 - 19-Aug-2013)
Month 5.98 (19-Aug-2013 - 18-Sep-2013) -6.73 (19-Jul-2013 - 19-Aug-2013)
Quarter 9.03 (16-Apr-2019 - 16-Jul-2019) -10.01 (20-May-2013 - 19-Aug-2013)
Year 21.23 (26-Feb-2014 - 27-Feb-2015) -3.13 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.35 4.52 0.45 0.79 0.88 -1.33
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt 8.23 3.89 0.76 1.75 0.75 0.07
Rank within category 17 20 18 18 20 18
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 17 13 9
Modified Duration (yrs) 7.03 7.49 2.94 --
Average Maturity (yrs) 11.72 14.00 3.85 --
Yield to Maturity (%) 5.79 6.76 5.61 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 42.02 42.02
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 48.25 27.61
new 7.16% GOI 20/09/2050 GOI Securities SOV 0.00 - 11.42 11.42
equal 9.39% Maharashtra State 20/11/2023 State Development Loan SOV 2.53 - 3.34 3.00
down 7.19% GOI 15/09/2060 GOI Securities SOV 0.00 - 6.08 2.89
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 23.04 2.73
down 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 4.66 1.64
equal 9.79% Maharashtra State 25/09/2023 State Development Loan SOV 1.11 - 1.46 1.31
equal 9.77% Goa State 26/02/2024 State Development Loan SOV 0.98 - 1.28 1.15
equal 8.62% Maharashtra State 20/02/2023 State Development Loan SOV 0.96 - 1.26 1.13
equal 9.71% Haryana State 2024 State Development Loan SOV 0.44 - 0.58 0.52
equal 9.48% Andhra Pradesh State 26/03/2024 State Development Loan SOV 0.27 - 0.36 0.32
equal 7.95% GOI 2032 GOI Securities SOV 0.25 - 0.33 0.29
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 0.18 - 0.24 0.21

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

*As on 31-May-2020

Fund Manager

— Murthy Nagarajan since 14-Sep-2019

Education: Mr. Nagarajan is a M.Com, ICWA and PGPMS.

Experience: Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India Ltd..

Funds Managed:

Invest Online
-0.12%

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

Growth: ₹ 65.6070

Dividend Quarterly: ₹ 18.4920

Investment Strategy

The scheme is a dedicated gilt fund which would invest in G-Secs to generate risk-free return and provide medium-to-long term capital gains.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.65%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 189 Cr (As on 30-Jun-2020)
Expense: 0.79% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly11-Mar-20200.1153

 09-Sep-20190.1225
 11-Jun-20190.1225
 13-Mar-20190.1297
 11-Dec-20180.1441
 14-Sep-20170.1445
 15-Jun-20170.1589
 16-Dec-20160.1517
 14-Sep-20160.1445
 14-Jun-20160.1445
 15-Mar-20160.1517
 23-Dec-20150.1083
 15-Sep-20150.1441
 16-Jun-20150.1456
 16-Mar-20150.1432
 16-Dec-20140.1448
 16-Sep-20140.1555
 17-Jun-20140.1555
 18-Mar-20140.1555
 17-Dec-20130.1452
 23-Sep-20130.1217
 20-Jun-20130.1605
 18-Mar-20130.1699

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.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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