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Nippon India Gilt Securities Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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 8.28 0.07 -0.17 1.03 0.14 4.58 10.40 8.92 9.72 10.72 9.49
CCIL All Sovereign Bond - TRI 9.40 -0.05 -0.10 0.98 0.31 3.95 11.89 9.20 9.54 10.54 9.09
Debt: Gilt 8.17 0.07 -0.15 1.07 0.34 4.36 9.89 7.86 8.47 9.50 8.79
Rank within category 11 12 15 15 20 10 10 5 2 2 5
Number of funds in category 23 23 23 23 23 23 23 23 22 20 18

As on 29-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 10.40 8.92 9.72 1.60 1,496
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 10.66 8.29 9.27 0.94 3,838
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 12.57 9.51 9.51 1.22 1,631
Nippon India Gilt Securities PF
4 star
 Aug-08 10.42 8.92 9.72 1.71 1,496
DSP Government Securities Fund  | Invest Online
4 star
 Sep-99 11.83 9.10 9.30 1.03 833

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 8.28 4.06 0.77 1.61 0.78 0.42
CCIL All Sovereign Bond - TRI 8.64 5.03 0.70 1.44 -- --
Debt: Gilt 7.15 4.12 0.50 1.05 0.76 -0.65
Rank within category 5 10 4 4 14 5
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 13 6 8
Modified Duration (yrs) 6.95 6.95 5.43 6.74
Average Maturity (yrs) 10.39 10.49 7.59 9.81
Yield to Maturity (%) 6.10 6.92 5.78 6.04
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
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 23.46 23.46
equal 7.27% GOI 2026 GOI Securities SOV 8.59 - 47.81 21.76
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 17.59 17.59
down 7.57% GOI 17/06/2033 GOI Securities SOV 6.16 - 54.35 9.84
down 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 7.89 6.90
new 8.13% GOI 22/06/2045 GOI Securities SOV 0.00 - 7.24 4.29
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 30.51 4.26
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 23.81 2.51
down 5.79% GOI 2030 GOI Securities SOV 0.00 - 7.21 1.66
equal 7.95% GOI 2032 GOI Securities SOV 0.00 - 12.32 0.37
equal 6.92% Bihar State 2032 State Development Loan SOV 0.00 - 0.07 0.06
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.04 - 0.06 0.05
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.03 - 0.05 0.04

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-Aug-2020

Fund Manager

— Prashant R Pimple since 25-Jun-2020

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:

Invest Online
0.07%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 29.5910

Dividend Monthly: ₹ 10.4158

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: 6.49%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,496 Cr (As on 31-Aug-2020)
Expense: 1.60% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Sep-20200.1217

 27-Jul-20200.1347
 25-Jun-20200.0366
 26-May-20200.2033
 27-Apr-20200.1587
 25-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
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

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