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Edelweiss Government Securities Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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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(₹)
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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 0.32 0.15 0.47 0.19 0.81 1.71 11.87 7.52 8.09 -- --
CCIL All Sovereign Bond - TRI 0.68 0.11 0.46 0.62 1.96 2.23 12.82 7.32 8.66 -- --
Debt: Gilt 0.58 0.15 0.52 0.47 1.52 2.64 12.03 6.75 8.31 -- --
Rank within category 20 9 11 19 21 20 11 5 14 -- --
Number of funds in category 21 21 21 21 21 21 21 21 21 19 0

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (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 7.52 3.18 0.57 1.78 0.49 1.03
CCIL All Sovereign Bond - TRI 7.31 5.14 0.31 0.57 -- --
Debt: Gilt 6.85 4.16 0.28 0.56 0.75 -0.06
Rank within category 7 1 3 1 1 3
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 6 3 8
Modified Duration (yrs) 6.06 7.15 4.49 5.35
Average Maturity (yrs) 8.85 11.33 6.42 7.86
Yield to Maturity (%) 6.52 7.68 6.52 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 38.49 27.61
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 43.99 26.64
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 34.38 19.57
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 24.13 11.63
equal 8.38% Gujarat State 27/02/2029 State Development Loan SOV 0.00 - 36.64 0.14

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-Dec-2019

Fund Manager

— Dhawal Dalal since 26-Nov-2016

Education: Mr. Dalal is a B.E and MBA.

Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.

Funds Managed:

— 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:


0.15%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 17.2708

Dividend Weekly: ₹ 17.2451

More

Dividend Monthly: ₹ 16.6791

Dividend: ₹ 17.2018


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 (₹) --
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 13-Feb-2014
Return Since Launch: 9.61%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 71 Cr (As on 31-Dec-2019)
Expense: 0.86% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly01-Jan-20200.0186

 06-Oct-20150.0577
 29-Sep-20150.0607
 22-Sep-20150.0407
 15-Sep-20150.0276
 19-Aug-20150.0502
 11-Aug-20150.0292
 28-Jul-20150.0450
 24-Feb-20150.0042
 18-Feb-20150.0152
 10-Feb-20150.0062
 03-Feb-20150.0183
 27-Jan-20150.0358
 20-Jan-20150.0798
 25-Nov-20140.0199
 18-Nov-20140.0208
 05-Nov-20140.3959
 28-Oct-20140.0154
 14-Oct-20140.0157
 30-Sep-20140.0178
 16-Sep-20140.0178
 02-Sep-20140.0184
 19-Aug-20140.0632
 12-Aug-20140.0266
 05-Aug-20140.0094
Dividend Monthly26-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: www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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