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Nippon India Gilt Securities Fund


1 Lakh

Investment Grown to
₹ 1.13 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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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 -0.50 -0.41 0.07 2.67 4.14 13.16 8.80 9.29 9.74 9.10
CCIL All Sovereign Bond - TRI 4.70 -0.11 1.54 1.08 4.70 6.94 14.88 9.24 9.32 9.44 8.88
Debt: Gilt 3.01 -0.67 -0.63 0.22 2.64 3.65 11.59 7.28 7.95 8.51 8.41
Rank within category 13 5 8 16 13 6 6 1 1 2 4
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 03-Apr-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.83 (11-Dec-2008 - 18-Dec-2008) -18.16 (14-Aug-2008 - 22-Aug-2008)
Month 15.73 (18-Nov-2008 - 18-Dec-2008) -17.82 (23-Jul-2008 - 22-Aug-2008)
Quarter 29.27 (03-Oct-2008 - 02-Jan-2009) -17.46 (30-Jun-2008 - 29-Sep-2008)
Year 21.37 (13-Feb-2014 - 13-Feb-2015) -16.12 (28-Sep-2007 - 29-Sep-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.72 3.88 0.82 1.97 0.77 0.51
CCIL All Sovereign Bond - TRI 8.99 4.84 0.71 1.66 -- --
Debt: Gilt 7.36 3.94 0.47 1.11 0.75 -0.79
Rank within category 1 11 1 2 15 2
Number of funds in category 25 25 25 25 25 25

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

As on 31-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 20 6 7
Modified Duration (yrs) 5.78 6.73 5.43 6.38
Average Maturity (yrs) 7.96 10.34 7.59 8.98
Yield to Maturity (%) 6.51 7.82 6.51 6.46

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 26.98 26.98
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 28.57 22.06
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 47.81 16.66
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 16.87 11.21
down 7.95% GOI 2032 GOI Securities SOV 0.00 - 17.47 10.16
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 54.35 6.16
equal 8.21% Rajasthan State 31/03/2022 State Development Loan SOV 0.00 - 0.95 0.92
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.89 0.07
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.06 - 0.59 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 29-Feb-2020

Fund Manager

— Hardik Shah since 01-Feb-2020

Education: Mr. Shah has done B.E. Information Technology and MBA Finance.

Experience: Prior to joining Nippon India Mutual Fund, he has worked with Quantum Asset Management Company and ICAP India (P) Ltd.

Funds Managed:


-0.50%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 28.1776

Dividend Monthly: ₹ 10.5464


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: 04-Jul-2003
Return Since Launch: 6.38%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,135 Cr (As on 29-Feb-2020)
Expense: 1.59% (As on 29-Feb-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Feb-20200.1700

 26-Dec-20190.0218
 25-Nov-20190.0344
 25-Oct-20190.0534
 26-Aug-20190.0658
 25-Jul-20190.1707
 25-Jun-20190.1907
 27-May-20190.1398
 25-Mar-20190.0905
 25-Feb-20190.0358
 26-Dec-20180.2198
 26-Nov-20180.0749
 25-Oct-20180.0814
 27-Aug-20180.0242
 25-Jul-20180.0424
 25-Jun-20180.0151
 25-May-20180.0184
 28-Aug-20170.0053
 25-Jul-20170.0676
 27-Jun-20170.1416
 25-May-20170.0873
 25-Apr-20170.0044
 29-Mar-20170.0163
 27-Jan-20170.1195
 28-Nov-20160.3113
Dividend Monthly25-May-20040.0384

 27-Apr-20040.0452
 25-Mar-20040.0397
 25-Feb-20040.0080
 26-Jan-20040.0438
 25-Dec-20030.0425
 25-Nov-20030.0397
 27-Oct-20030.0438
 25-Sep-20030.0425
 25-Aug-20030.0425
 25-Jul-20030.0233

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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