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4 star

Edelweiss Government Securities Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.08 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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(₹)
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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 2.08 -0.34 -0.13 0.14 4.01 2.38 7.71 11.23 9.37 10.20 --
CCIL All Sovereign Bond - TRI 0.42 -0.03 0.35 0.39 2.98 0.59 4.53 11.32 9.13 9.58 --
Debt: Gilt 0.76 -0.25 -0.10 0.42 2.69 1.14 4.52 10.19 8.92 9.47 --
Rank within category 1 21 16 22 1 1 1 4 10 5 --
Number of funds in category 21 23 23 23 21 21 21 21 21 21 0

As on 15-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Government Securities Fund - Direct Plan  | Invest Online
4 star
Feb-14 7.71 11.23 9.37 0.57 98
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.71 10.89 9.86 0.47 3,661
IDFC Government Securities Fund - Investment Plan - Direct Plan
5 star
Jan-13 4.94 12.08 10.09 0.61 1,572
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 5.02 10.97 9.41 0.40 875
DSP Government Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.23 11.68 9.92 0.53 472

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.41 29-Oct-2014 - 05-Nov-2014 -1.91 04-Dec-2019 - 11-Dec-2019
Month 7.77 31-Oct-2014 - 02-Dec-2014 -1.65 25-Jan-2016 - 25-Feb-2016
Quarter 11.84 31-Oct-2014 - 30-Jan-2015 -2.13 26-Nov-2015 - 25-Feb-2016
Year 17.84 04-Mar-2014 - 04-Mar-2015 1.46 25-Feb-2015 - 25-Feb-2016

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.63 3.75 1.69 3.68 0.73 1.70
CCIL All Sovereign Bond - TRI 10.61 4.66 1.36 1.94 -- --
Debt: Gilt 9.73 3.63 1.50 2.41 0.71 0.92
Rank within category 4 14 6 2 13 6
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 6 2 11
Modified Duration (yrs) 6.46 10.54 0.90 4.61
Average Maturity (yrs) 10.13 25.06 1.04 6.50
Yield to Maturity (%) 5.70 6.42 3.83 5.61
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 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 92.23 71.40
equal 8.38% Gujarat State 27/02/2029 State Development Loan SOV 0.10 - 0.18 0.10
equal Others CBLO -- - 7.05

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 31-May-2021

Fund Manager

— Gautam Kaul since 11-Dec-2017

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:


-0.34%

Change from previous, NAV as on 15-Jun-2021

Growth: ₹ 20.0553

IDCW Weekly: ₹ 17.1450

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IDCW Monthly: ₹ 16.6115

IDCW: ₹ 19.9752


Investment Strategy

The investment objective is to generate income by investing primarily in money market and short term debt instruments.

Investment Details

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

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 13-Feb-2014
Return Since Launch: 9.95%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 98 Cr (As on 31-May-2021)
Expense: 0.57% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly08-Jun-20210.0529

 26-May-20210.0426
 11-May-20210.0676
 04-May-20210.0634
 27-Apr-20210.0269
 21-Apr-20210.0557
 15-Apr-20210.0407
 06-Apr-20210.0791
 05-Jan-20210.0469
 29-Dec-20200.0363
 08-Dec-20200.0555
 01-Dec-20200.0254
 24-Nov-20200.0605
 17-Nov-20200.0776
 27-Oct-20200.1412
 13-Oct-20200.1941
 01-Sep-20200.0882
 04-Aug-20200.0164
 28-Jul-20200.0090
 14-Jul-20200.0258
 07-Jul-20200.0777
 30-Jun-20200.1251
 16-Jun-20200.0250
 26-May-20200.1246
 19-May-20200.1005
IDCW Monthly26-May-20210.1498

 26-Apr-20210.2820
 28-Dec-20200.0913
 25-Nov-20200.1000
 26-Oct-20200.4043
 25-Sep-20200.0538
 27-Jul-20200.1702
 25-Jun-20200.0681
 26-May-20200.3817
 27-Apr-20200.2360
 26-Mar-20200.1970
 25-Feb-20200.2521
 27-Jan-20200.0119
 26-Dec-20190.0141
 25-Nov-20190.0567
 25-Oct-20190.0745
 25-Sep-20190.2449

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: http://www.edelweissmf.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

Upcoming Video

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM