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ICICI Prudential Gilt Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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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(₹)
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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 12.31 0.19 0.23 0.70 1.75 3.30 13.07 9.59 9.81 10.40 9.10
CCIL All Sovereign Bond - TRI 12.72 0.19 0.58 1.42 2.48 4.18 13.07 10.63 10.03 10.73 9.39
Debt: Gilt 10.82 0.21 0.21 0.73 1.89 3.20 10.81 8.87 8.95 9.71 9.00
Rank within category 6 19 7 13 16 11 2 5 7 7 10
Number of funds in category 23 23 23 23 23 23 23 23 22 21 19

As on 04-Dec-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Gilt Fund  | Invest Now
3 star
 Aug-99 13.07 9.59 9.81 1.21 4,782
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 12.19 9.55 9.90 0.95 4,307
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 13.70 10.92 10.16 1.23 2,105
Nippon India Gilt Securities PF
4 star
 Aug-08 11.21 10.05 10.24 1.71 1,931
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 11.19 10.04 10.24 1.59 1,931

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.95 (11-Dec-2008 - 18-Dec-2008) -10.64 (02-Jan-2009 - 09-Jan-2009)
Month 16.33 (18-Nov-2008 - 18-Dec-2008) -8.54 (14-Jan-2003 - 13-Feb-2003)
Quarter 32.05 (29-Sep-2008 - 30-Dec-2008) -12.00 (20-May-2013 - 19-Aug-2013)
Year 39.01 (03-Jan-2008 - 02-Jan-2009) -8.18 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.22 4.06 1.07 1.91 0.72 0.63
CCIL All Sovereign Bond - TRI 10.06 4.93 1.05 1.89 -- --
Debt: Gilt 8.54 4.03 0.92 1.68 0.76 -0.26
Rank within category 6 13 8 10 6 8
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 30-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 26 26 6 9
Modified Duration (yrs) 7.78 8.83 5.25 --
Average Maturity (yrs) 13.23 18.08 8.68 --
Yield to Maturity (%) 5.98 7.07 5.98 --
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 5.77% GOI 2030 GOI Securities SOV 0.00 - 38.16 38.16
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 42.04 30.63
new 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 8.80 8.80
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 5.25 5.25
down 7.19% GOI 15/09/2060 GOI Securities SOV 0.00 - 14.39 4.50
equal 8.33% GOI 2026 Central Government Loan SOV 0.00 - 9.07 2.36
new 6.80% GOI 15/12/2060 GOI Securities SOV 0.00 - 1.92 1.92
equal 8.31% Rajasthan State 2027 State Development Loan SOV 0.00 - 3.27 1.39
new 6.87% Andhra Pradesh State 21/10/2035 State Development Loan SOV 0.00 - 1.28 1.28
down 7.57% GOI 17/06/2033 GOI Securities SOV 1.11 - 84.28 1.11
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 4.81 1.10
down 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 10.28 0.82
equal 7.03% Telangana State 2027 State Development Loan SOV 0.00 - 0.84 0.54
new 7.15% Jammu & Kashmir State 2032 State Development Loan SOV 0.00 - 0.22 0.22
equal 8.39% Andhra Pradesh State 27/01/2026 State Development Loan SOV 0.00 - 0.27 0.12
new 8.35% Puducherry State 13/03/2027 State Development Loan SOV 0.00 - 0.12 0.12
new 7.10% Maharashtra State 30/09/2032 State Development Loan SOV 0.00 - 0.11 0.11
new 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 7.43 0.11
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 1.17 0.10
equal 8.03% GOI 15/12/2024 Central Government Loan SOV 0.06 - 0.24 0.06
equal 8.15% GOI 16/10/2022 Central Government Loan SOV 0.02 - 0.08 0.02
equal HSBC 2025 Interest Rate Swap -- 0.00 - -0.52 -0.52
equal HSBC 2025 Interest Rate Swap -- 0.00 - -0.52 -0.52
equal ICICI Bank 30/04/2024 Interest Rate Swap -- 0.00 - -1.05 -1.05
equal Axis Bank 30/04/2024 Interest Rate Swap -- 0.00 - -1.05 -1.05

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-Oct-2020

Fund Manager

— Anuj Tagra since 01-Nov-2013

Education: Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies

Experience: Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.

Funds Managed:

— Rahul Goswami since 17-Sep-2012

Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)

Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Funds Managed:

Invest Now
0.19%

Change from previous, NAV as on 04-Dec-2020

Growth: ₹ 77.6805

Dividend Half Yearly: ₹ 16.0972

Investment Strategy

The scheme seeks to generate steady and consistent return from a basket of government securities across various maturities through proactive fund management aimed at controlling Interest rate risk. The investment plan will invest in gilt including T-Bills with medium to long maturity, with average maturity of the portfolio normally not exceeding 8 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 19-Aug-1999
Return Since Launch: 10.10%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,782 Cr (As on 31-Oct-2020)
Expense: 1.21% (As on 31-Oct-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly17-May-20180.0845

 29-Nov-20170.0543
 28-Nov-20161.2313
 30-May-20160.4060
 23-Nov-20150.3652
 21-May-20150.8390
 26-Sep-20140.4229
 22-May-20140.4401
 22-Nov-20130.0390
 23-May-20130.9012
 23-Nov-20120.4540
 23-May-20120.4181
 23-Nov-20110.1073
 26-May-20110.1586
 26-Nov-20100.2635
 31-May-20100.2635
 30-Nov-20090.2803
 01-Jun-20090.6132
 28-Nov-20080.6132
 30-May-20080.2628
 30-Nov-20070.1752
 31-May-20070.0876
 30-Nov-20060.3508
 31-May-20060.1754
 30-Nov-20050.2280

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.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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