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Aditya Birla Sun Life Government Securities Fund


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.67 0.27 0.08 2.14 2.80 4.05 13.56 9.04 8.85 9.48 9.33
CCIL All Sovereign Bond - TRI 3.56 0.20 0.57 3.01 4.39 4.89 15.61 9.44 9.13 9.28 8.89
Debt: Gilt 2.66 0.28 0.12 2.27 2.99 3.92 13.25 7.71 7.91 8.45 8.50
Rank within category 13 18 20 17 12 10 10 4 4 4 4
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.28 (11-Dec-2008 - 18-Dec-2008) -10.03 (02-Jan-2009 - 09-Jan-2009)
Month 17.24 (18-Nov-2008 - 18-Dec-2008) -9.84 (02-Jan-2009 - 03-Feb-2009)
Quarter 23.74 (03-Oct-2008 - 02-Jan-2009) -13.38 (05-Jan-2009 - 06-Apr-2009)
Year 27.39 (04-Dec-2000 - 04-Dec-2001) -12.18 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.01 4.57 0.29 0.47 0.83 0.08
CCIL All Sovereign Bond - TRI 7.18 5.14 0.29 0.53 -- --
Debt: Gilt 5.92 4.17 0.07 0.17 0.76 -0.89
Rank within category 4 18 6 7 19 6
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 14 7 8
Modified Duration (yrs) 4.71 6.58 2.50 5.47
Average Maturity (yrs) 6.68 10.11 3.55 8.07
Yield to Maturity (%) 6.56 7.44 6.24 6.67

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.17% GOI 2028 GOI Securities SOV 10.37 - 49.73 14.77
down 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 16.17 13.83
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 15.73 13.06
new 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 11.64 11.64
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 40.95 11.09
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.61 6.61
equal 8.68% Tamilnadu State 2028 State Development Loan SOV 0.00 - 5.64 4.72
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 13.41 4.46
equal 8.52% Karnataka State 28/11/2028 State Development Loan SOV 0.00 - 5.59 2.34
equal 7.95% GOI 2032 GOI Securities SOV 0.00 - 8.66 2.31
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 22.82 0.76
equal 8.35% Jharkhand State 2028 State Development Loan SOV 0.17 - 0.23 0.20
equal 8.30% GOI 2040 Central Government Loan SOV 0.00 - 0.00 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-Jan-2020

Fund Manager

— Pranay Sinha since 01-Apr-2017

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:


0.27%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 58.3589

Dividend Quarterly: ₹ 11.2234


Investment Strategy

The scheme seeks to generate income and capital appreciation through investments in government securities and T-Bills with medium-to-long term maturities.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 11-Oct-1999
Return Since Launch: 9.04%
Benchmark: NIFTY All Duration G-Sec
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 231 Cr (As on 31-Jan-2020)
Expense: 1.18% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly16-Dec-20190.1075

 16-Sep-20190.1240
 17-Jun-20190.1241
 15-Mar-20190.1196
 17-Dec-20180.1197
 17-Sep-20180.0062
 15-Dec-20170.0526
 15-Sep-20170.2625
 15-Jun-20170.2524
 15-Mar-20170.1648
 15-Dec-20160.2841
 15-Sep-20160.2778
 15-Jun-20160.2760
 15-Mar-20160.0230
 15-Dec-20150.1817
 15-Sep-20150.2130
 15-Jun-20150.2875
 16-Mar-20150.2935
 15-Dec-20140.2794
 15-Sep-20140.3048
 16-Jun-20140.2955
 18-Mar-20140.3046
 16-Dec-20130.3100
 17-Sep-20130.1852
 17-May-20130.2584
Dividend Yearly11-Feb-20110.4216

 15-Mar-20100.8759
 16-Mar-20091.5767
 17-Mar-20081.2141
 15-Mar-20071.2892

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: mutualfund.adityabirlacapital.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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