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PGIM India Gilt Fund


1 Lakh

Investment Grown to
₹ 1.13 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 2.59 0.00 0.21 2.31 2.81 3.54 12.68 7.78 8.09 8.20 7.90
CCIL All Sovereign Bond - TRI 3.58 -0.25 0.28 3.02 4.17 4.54 15.97 9.44 9.13 9.29 8.93
Debt: Gilt 2.64 0.01 0.26 2.31 2.74 3.76 13.17 7.63 7.89 8.50 8.50
Rank within category 15 15 18 14 11 16 16 12 10 12 15
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (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 6.30 3.26 0.19 0.35 0.59 -0.27
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 9 2 8 8 2 8
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 7 9 6 8
Modified Duration (yrs) 5.25 7.50 1.89 5.47
Average Maturity (yrs) 7.42 12.12 2.34 8.07
Yield to Maturity (%) 6.62 7.73 6.26 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
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 41.66 30.84
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 41.90 22.98
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 46.33 16.15
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 39.98 8.86
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 40.85 6.17
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 1.02 - 2.37 2.37
equal 6.65% GOI 2020 GOI Securities SOV 0.08 - 0.18 0.18

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

— 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:


0.00%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 22.4553

Dividend: ₹ 14.6973


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 (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 27-Oct-2008
Return Since Launch: 7.39%
Benchmark: I-SEC Mi-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 34 Cr (As on 31-Jan-2020)
Expense: 0.65% (As on 31-Jan-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-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: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

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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