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Unrated

IDFC Gilt 2027 Index Fund - Direct Plan


Debt: Gilt

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 -- -0.01 0.35 0.90 2.42 -- -- -- -- -- --
CCIL All Sovereign Bond - TRI -- 0.04 0.81 2.35 1.97 -- -- -- -- -- --
Debt: Gilt -- 0.03 0.48 1.31 2.19 -- -- -- -- -- --
Rank within category -- 20 19 21 6 -- -- -- -- -- --
Number of funds in category 21 23 23 23 23 21 21 21 21 21 0

As on 21-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Gilt 2027 Index Fund - Direct Plan
Unrated
Mar-21 -- -- -- 0.15 824
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.43 11.26 8.94 0.47 3,620
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 5.78 12.24 9.27 0.62 1,937
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 7.08 11.28 8.47 0.40 1,530
Aditya Birla Sun Life Government Securities Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.63 11.22 8.77 0.29 863

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.65 20-Apr-2021 - 27-Apr-2021 -0.53 14-Jun-2021 - 21-Jun-2021
Month 1.50 06-Aug-2021 - 06-Sep-2021 -0.44 11-Jun-2021 - 12-Jul-2021
Quarter 2.21 17-Jun-2021 - 16-Sep-2021 0.81 06-Apr-2021 - 06-Jul-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL All Sovereign Bond - TRI* 10.61 4.72 1.39 1.99 -- --
Debt: Gilt* 9.75 3.62 1.58 2.55 0.70 1.11
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 2 2 12
Modified Duration (yrs) 4.32 4.48 4.26 4.73
Average Maturity (yrs) 5.34 5.60 5.34 8.13
Yield to Maturity (%) 5.88 6.09 5.88 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
up 6.79% GOI 15/05/2027 GOI Securities SOV 48.92 - 52.77 49.24
up 8.24% GOI 15/02/2027 Central Government Loan SOV 45.02 - 48.33 45.88
equal Others Margin Money -- - 0.00

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-2021

Fund Manager

— Anurag Mittal since 12-Mar-2021

Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.

Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).

Funds Managed:

— Harshal Joshi since 28-Jul-2021

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:


-0.01%

Change from previous, NAV as on 21-Sep-2021

Growth: ₹ 10.4347

IDCW: ₹ 10.4349


Investment Strategy

The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL Gilt 2027 Index before expenses, subject to tracking errors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 23-Mar-2021
Return Since Launch: 4.35%
Benchmark: CRISIL Gilt 2027 Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 824 Cr (As on 31-Aug-2021)
Expense: 0.15% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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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