VR Logo

2 star

Canara Robeco Gilt Fund - Regular Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.40 0.06 0.07 1.03 6.08 8.39 9.12 7.16 9.38 8.87 8.87
CCIL All Sovereign Bond - TRI 10.38 0.16 0.37 1.63 6.38 10.44 10.82 9.73 10.47 9.68 9.27
Debt: Gilt 8.87 0.08 0.16 1.18 5.78 9.16 10.19 8.02 9.28 8.69 8.86
Rank within category 18 21 21 18 7 19 19 20 11 9 11
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 15-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Canara Robeco Gilt Fund - Regular Plan  | Invest Online
2 star
Dec-99 9.12 7.16 9.38 1.25 77
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 11.65 8.70 10.26 0.95 3,415
Nippon India Gilt Securities Fund  | Invest Online
5 star
Jul-03 11.46 9.36 10.70 1.59 1,452
Nippon India Gilt Securities PF
5 star
Aug-08 11.46 9.36 10.70 1.71 1,452
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
Dec-08 13.65 9.94 10.50 1.16 1,163

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.35 (11-Dec-2008 - 18-Dec-2008) -4.82 (05-Feb-2003 - 12-Feb-2003)
Month 11.65 (18-Nov-2008 - 18-Dec-2008) -7.46 (23-Jan-2003 - 22-Feb-2003)
Quarter 20.45 (30-Sep-2008 - 30-Dec-2008) -7.51 (20-May-2013 - 19-Aug-2013)
Year 35.71 (03-Jan-2008 - 02-Jan-2009) -7.24 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.86 3.71 0.42 0.90 0.72 -1.19
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt 7.61 3.92 0.60 1.38 0.76 -0.59
Rank within category 20 7 21 18 9 20
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 10 8 9
Modified Duration (yrs) 7.40 8.54 3.65 --
Average Maturity (yrs) 11.71 11.71 5.26 --
Yield to Maturity (%) 6.06 6.90 6.06 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 52.12 52.12
down 7.57% GOI 17/06/2033 GOI Securities SOV 7.83 - 45.95 12.89
equal 8.30% Gujarat State 13/03/2029 State Development Loan SOV 6.38 - 9.36 7.23
equal 7.16% GOI 20/09/2050 GOI Securities SOV 0.00 - 8.41 7.00
equal 7.26% GOI 14/01/2029 GOI Securities SOV 3.14 - 11.67 6.98
down 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 11.98 4.07
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 36.74 3.52
equal 7.17% GOI 2028 GOI Securities SOV 2.11 - 3.14 2.41
equal 8.13% GOI 22/06/2045 GOI Securities SOV 0.13 - 0.20 0.15

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-2020

*As on 31-May-2020

Fund Manager

— Girish Hisaria since 18-Aug-2014

Education: Mr. Hisaria is a B.Com (H) and MMS (Finance).

Experience: Prior to joining Canara Robeco AMC, he has worked as Vice President - JM Financial Mutual Fund ( May 2006-August 2014), as Senior Associate - Fixed Income Research - Darashaw Securities Pvt. Ltd. ( May 2004-May 2006) and as Research Analyst - Sahara Indian Financial Corp. ( March 2002-May 2004).

Funds Managed:


0.06%

Change from previous, NAV as on 15-Jul-2020

Growth: ₹ 59.3136

Dividend: ₹ 15.3745


Investment Strategy

The scheme is dedicated to government securities and seeks to achieve risk-free return while maintaining stability of returns and liquidity.

Investment Details

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

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 29-Dec-1999
Return Since Launch: 9.05%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 77 Cr (As on 30-Jun-2020)
Expense: 1.25% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Jun-20200.5000

 27-Dec-20190.3241
 28-Jun-20190.3241
 28-Dec-20180.2881
 22-Jun-20180.3241
 29-Dec-20170.3250
 23-Jun-20170.3250
 23-Dec-20160.3250
 24-Jun-20160.2889
 23-Dec-20150.2889
 26-Jun-20150.2889
 31-Dec-20140.2903
 20-Jun-20140.2727
 20-Dec-20130.2883
 28-Jun-20130.3039
 21-Sep-20120.5285
 24-Dec-20090.2190
 01-Oct-20090.2190
 06-Jul-20090.6570
 26-Mar-20090.6570
 02-Jan-20090.6570
 05-Sep-20070.7000
 30-Dec-20050.2250
 05-May-20040.1250
 16-Oct-20030.3000

Contact Information

AMC: Canara Robeco Asset Management Company Ltd

Address: 4th Floor - Construction House, 5 - Walchand Hirachand Marg, Ballard Estate, Mumbai - 400001

Phone: 022-22621371/ 66585000 / 665850010

Fax: 022-66585012

Email: [email protected]

Website: http://www.canararobeco.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM