1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
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:
|CCIL All Sovereign Bond - TRI||11.26||0.02||0.63||1.58||0.51||4.92||12.67||9.84||9.67||10.47||9.32|
|Rank within category||10||22||11||7||5||5||12||18||18||13||7|
|Number of funds in category||25||25||25||25||25||25||25||25||24||22||20|
As on 27-Oct-2020
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|L&T Gilt Fund | Invest Online||Mar-00||11.35||7.89||8.19||1.70||283|
|SBI Magnum Gilt Fund | Invest Online||Dec-00||12.58||9.23||9.67||0.95||3,693|
|IDFC Government Securities Fund - Investment Plan - Regular Plan||Dec-08||14.05||10.56||9.92||1.22||1,596|
|Nippon India Gilt Securities PF||Aug-08||11.49||9.63||9.97||1.71||1,506|
|Nippon India Gilt Securities Fund | Invest Online||Jul-03||11.47||9.63||9.97||1.59||1,506|
|Best (Period)||Worst (Period)|
|Week||7.46 (03-Oct-2008 - 10-Oct-2008)||-6.13 (02-Jan-2009 - 09-Jan-2009)|
|Month||13.52 (29-Sep-2008 - 29-Oct-2008)||-8.52 (02-Jan-2009 - 03-Feb-2009)|
|Quarter||21.10 (30-Sep-2008 - 30-Dec-2008)||-16.70 (05-Jan-2009 - 06-Apr-2009)|
|Year||26.40 (04-Dec-2000 - 04-Dec-2001)||-10.82 (02-Jan-2009 - 04-Jan-2010)|
|CCIL All Sovereign Bond - TRI||8.90||5.00||0.77||1.50||--||--|
|Rank within category||18||6||18||18||7||19|
|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-Sep-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||7||7||4||8|
|Modified Duration (yrs)||6.53||8.19||3.95||6.98|
|Average Maturity (yrs)||9.14||15.84||5.02||10.56|
|Yield to Maturity (%)||6.22||6.89||6.22||6.02|
|Avg Credit Rating||GOI/Cash||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|5.77% GOI 2030||GOI Securities||SOV||0.00 - 41.29||19.26|
|7.17% GOI 2028||GOI Securities||SOV||0.00 - 20.88||19.05|
|6.19% GOI 16/09/2034||GOI Securities||SOV||0.00 - 18.18||17.38|
|7.26% GOI 14/01/2029||GOI Securities||SOV||0.00 - 24.80||13.40|
|7.27% GOI 2026||GOI Securities||SOV||0.00 - 21.22||9.79|
|6.79% GOI 15/05/2027||GOI Securities||SOV||0.00 - 19.06||9.45|
|7.40% GOI 2035||Central Government Loan||SOV||0.00 - 8.65||7.71|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Sep-2020
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience: Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
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The fund seeks to generate returns from a portfolio that is free from credit risk and invests in gilt securities with medium to long term residual maturity, with the average maturity of the portfolio normally not exceeding 12 years.
|Minimum Investment (₹)||10,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Fund House:||L&T Mutual Fund|
|Return Since Launch:||8.53%|
|Benchmark:||CRISIL Dynamic Gilt TRI|
|Assets:||₹ 283 Cr (As on 30-Sep-2020)|
|Expense:||1.70% (As on 30-Sep-2020)|
|Return Grade:||Below Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Email: [email protected]
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
Email: [email protected]