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3 star

PGIM India Gilt Fund


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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 2.96 -0.04 -0.03 0.30 0.50 1.92 3.32 8.07 6.13 7.58 7.90
CCIL All Sovereign Bond - TRI 2.78 0.06 -0.12 1.01 1.94 2.87 3.23 9.98 6.91 8.81 9.41
Debt: Gilt 2.35 -0.04 -0.04 0.53 0.63 2.08 2.85 8.59 5.95 7.81 8.56
Rank within category 6 16 14 25 20 20 7 17 11 14 16
Number of funds in category 26 30 30 30 29 29 25 25 25 23 20

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Gilt Fund  | Invest Online
3 star
Oct-08 3.32 8.07 6.13 1.45% 140
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 3.14 9.70 6.86 0.95% 3,788
ICICI Prudential Gilt Fund  | Invest Now
4 star
Aug-99 5.03 9.78 6.66 1.17% 3,273
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
Dec-08 2.80 10.31 7.30 1.24% 2,041
Aditya Birla Sun Life Government Securities Fund  | Invest Online
4 star
Oct-99 4.11 9.53 6.80 0.94% 998

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.34 11-Dec-2008 - 18-Dec-2008 -10.35 02-Jan-2009 - 09-Jan-2009
Month 14.73 18-Nov-2008 - 18-Dec-2008 -9.86 02-Jan-2009 - 03-Feb-2009
Quarter 10.09 07-Nov-2008 - 06-Feb-2009 -11.92 31-Dec-2008 - 01-Apr-2009
Year 17.29 26-Feb-2014 - 27-Feb-2015 -12.63 02-Jan-2009 - 04-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.86 3.15 1.29 2.24 0.66 0.23
CCIL All Sovereign Bond - TRI 9.65 4.57 1.28 1.80 -- --
Debt: Gilt 8.36 3.60 1.27 2.07 0.72 0.33
Rank within category 17 3 13 10 6 16
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 13 5 13
Modified Duration (yrs) 3.98 5.54 3.18 --
Average Maturity (yrs) 5.16 7.74 4.21 --
Yield to Maturity (%) 5.25 5.81 4.71 --
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
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 40.42 40.42
new GOI 2028 GOI Securities SOV 0.00 - 10.71 10.71
new 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 9.02 9.02
new Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 7.16 7.16
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 8.10 3.79
new Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 3.58 3.58
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 37.39 3.54
equal 5.77% GOI 2030 GOI Securities SOV 2.58 - 37.87 2.58
down 6.10% GOI 2031 GOI Securities SOV 0.00 - 14.02 2.11
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 22.02 2.11
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 18.71 1.82
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 0.51 - 0.66 0.57
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.12 - 0.15 0.13

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-Oct-2021

Fund Manager

— Puneet Pal since 13-Dec-2017

Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.

Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Funds Managed:


-0.04%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 24.6469

IDCW: ₹ 14.4766


Investment Strategy

The scheme aims to generate returns by investing in a portfolio of Central/State Government securities of various maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 27-Oct-2008
Return Since Launch: 7.12%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 140 Cr (As on 31-Oct-2021)
Expense: 1.45% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW24-Sep-20210.2200

 25-Jun-20210.2150
 26-Mar-20210.2150
 31-Dec-20200.2200
 25-Sep-20200.2250
 30-Jun-20200.2500
 27-Mar-20200.1729
 26-Dec-20190.1801
 27-Sep-20190.1801
 28-Jun-20190.1585
 25-Mar-20190.1585
 28-Dec-20180.1585
 28-Sep-20180.1585
 28-Jun-20180.1585
 23-Mar-20180.1589
 28-Dec-20170.1589
 28-Mar-20160.7223
 27-Mar-20150.5807
 26-Sep-20140.6234
 31-May-20130.2628
 26-Mar-20130.1762
 28-Dec-20120.1586

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.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

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