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ICICI Prudential Gilt Fund

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Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 0.09 0.30 0.30 2.09 2.02 1.92 10.73 6.07 8.18 8.31 8.23
Debt: Gilt 0.03 0.16 0.10 1.30 1.08 0.92 11.07 5.93 7.60 8.16 8.20
Rank within category 10 2 2 1 1 3 14 13 7 9 8
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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 6.42 4.77 0.15 0.22 0.81 -0.59
Debt: Gilt 6.19 4.19 0.12 0.27 0.76 -0.73
Rank within category 10 24 12 13 17 12
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 23 6 8
Modified Duration (yrs) 5.25 6.27 1.45 5.35
Average Maturity (yrs) 8.68 10.99 1.99 7.86
Yield to Maturity (%) 6.73 7.74 6.62 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 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 84.28 60.25
new 8.33% GOI 2026 Central Government Loan SOV 0.00 - 7.98 7.98
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 23.78 6.55
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 43.53 4.79
up 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 6.95 1.93
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.43 1.82
equal 6.99% Andhra Pradesh State 26/10/2020 State Development Loan SOV 0.43 - 0.61 0.43
equal 8.03% GOI 15/12/2024 Central Government Loan SOV 0.00 - 0.25 0.19
equal 8.15% GOI 16/10/2022 Central Government Loan SOV 0.00 - 0.08 0.06
equal Axis Bank 30/04/2024 Interest Rate Swap -- 0.00 - -3.53 -3.53
equal ICICI Bank 30/04/2024 Interest Rate Swap -- 0.00 - -3.53 -3.53
equal HSBC 2024 Interest Rate Swap -- 0.00 - -5.29 -5.29
equal ICICI Securities 2024 Interest Rate Swap -- 0.00 - -5.29 -5.29
equal IDFC First Bank 2024 Interest Rate Swap -- 0.00 - -7.06 -7.06

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

— 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
0.30%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 69.2265

Dividend Half Yearly: ₹ 14.3453

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 (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 19-Aug-1999
Return Since Launch: 9.93%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,417 Cr (As on 31-Dec-2019)
Expense: 1.05% (As on 31-Dec-2019)
Risk Grade: 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: 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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