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2 star

Tata Gilt Securities Fund - Regular Plan

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.59 -0.02 -0.04 0.35 0.73 -0.34 0.91 8.31 6.47 7.73 8.12
CCIL All Sovereign Bond - TRI -0.82 0.13 0.22 -0.62 -0.18 -1.00 1.10 10.51 8.09 9.40 9.01
Debt: Gilt 0.53 -0.01 -0.01 0.30 0.80 0.73 2.66 9.15 7.46 8.66 8.62
Rank within category 25 11 13 16 16 25 24 18 22 20 15
Number of funds in category 26 29 29 29 29 26 25 25 25 23 20

As on 27-Jul-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Gilt Securities Fund - Regular Plan  | Invest Online
2 star
 Sep-99 0.91 8.31 6.47 1.81 211
ICICI Prudential Gilt Fund  | Invest Now
4 star
 Aug-99 3.10 9.40 8.11 1.18 3,739
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 3.33 10.05 8.64 0.95 3,711
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
 Dec-08 2.85 11.16 8.93 1.23 1,969
DSP Government Securities Fund  | Invest Online
5 star
 Sep-99 3.58 10.61 8.44 1.05 462

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.43 11-Dec-2008 - 18-Dec-2008 -9.60 02-Jan-2009 - 09-Jan-2009
Month 12.98 18-Nov-2008 - 18-Dec-2008 -9.36 02-Jan-2009 - 03-Feb-2009
Quarter 19.78 03-Oct-2008 - 02-Jan-2009 -11.02 05-Jan-2009 - 06-Apr-2009
Year 34.81 04-Apr-2001 - 04-Apr-2002 -11.44 02-Jan-2009 - 04-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.20 4.07 0.98 1.47 0.81 -0.99
CCIL All Sovereign Bond - TRI 10.38 4.72 1.31 1.87 -- --
Debt: Gilt 9.08 3.66 1.33 2.14 0.71 0.47
Rank within category 18 22 22 23 23 24
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-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 18 11 11
Modified Duration (yrs) 3.93 9.78 3.72 4.19
Average Maturity (yrs) 5.27 21.19 5.27 6.33
Yield to Maturity (%) 5.38 6.36 4.92 5.51
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
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 34.06 34.06
equal 6.68% GOI 17/09/2031 GOI Securities SOV 11.63 - 22.29 20.60
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 37.48 9.40
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 7.07 7.07
equal 9.39% Maharashtra State 20/11/2023 State Development Loan SOV 1.84 - 2.95 2.60
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.52 2.52
equal 9.79% Maharashtra State 25/09/2023 State Development Loan SOV 0.80 - 1.29 1.13
equal 9.77% Goa State 26/02/2024 State Development Loan SOV 0.71 - 1.13 1.00
equal 8.62% Maharashtra State 20/02/2023 State Development Loan SOV 0.70 - 1.11 0.98
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 27.39 0.74
equal 9.71% Haryana State 2024 State Development Loan SOV 0.32 - 0.51 0.45
equal 9.48% Andhra Pradesh State 26/03/2024 State Development Loan SOV 0.20 - 0.31 0.28
equal 7.95% GOI 2032 GOI Securities SOV 0.18 - 0.29 0.26
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 0.13 - 0.21 0.19

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 30-Jun-2021

Fund Manager

— Murthy Nagarajan since 14-Sep-2019

Education: Mr. Nagarajan is a M.Com, ICWA and PGPMS.

Experience: Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India Ltd..

Funds Managed:

Invest Online
-0.02%

Change from previous, NAV as on 27-Jul-2021

Growth: ₹ 62.0574

IDCW Quarterly: ₹ 17.2124

Investment Strategy

The scheme is a dedicated gilt fund which would invest in G-Secs to generate risk-free return and provide medium-to-long term capital gains.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
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: Tata Mutual Fund
Launch Date: 06-Sep-1999
Return Since Launch: 8.69%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 211 Cr (As on 30-Jun-2021)
Expense: 1.81% (As on 30-Jun-2021)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly11-Mar-20200.1153

 09-Sep-20190.1225
 11-Jun-20190.1225
 13-Mar-20190.1297
 11-Dec-20180.1441
 14-Sep-20170.1445
 15-Jun-20170.1589
 16-Dec-20160.1517
 14-Sep-20160.1445
 14-Jun-20160.1445
 15-Mar-20160.1517
 23-Dec-20150.1083
 15-Sep-20150.1441
 16-Jun-20150.1456
 16-Mar-20150.1432
 16-Dec-20140.1448
 16-Sep-20140.1555
 17-Jun-20140.1555
 18-Mar-20140.1555
 17-Dec-20130.1452
 23-Sep-20130.1217
 20-Jun-20130.1605
 18-Mar-20130.1699
 20-Dec-20120.1795
 18-Sep-20120.1776

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.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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