Long term debt funds are a type of Debt Mutual Funds that invest in corporate Bonds and government securities (g-secs) that have a long-term maturity period. The average maturity of these funds is in excess of 3 years, most of the times. That is why, these funds are suitable for investors who wish to make a mid to long term Investment plan i.e., typically for 3-5 years or even more. Let's understand how long term debt funds works and what are the best long term bonds funds to invest in 2024.
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Long Term Debt Funds- A Plan for Long Term Investment
Long term debt funds invest their major Underlying asset in debt instruments like corporate Debentures, bonds and money market instruments & government securities with a higher maturity period. Investors should invest in long term debt funds if they have an investment time frame of more than 3 years. Also, this fund is only suitable for investors who are willing to take some level of risk in the investment.
Long term debt funds are sensitive to changes in the interest rate and are more volatile than other categories of debt funds. Interest rates and prices of the debt instruments have an inverse relationship, which means that they move in opposite directions. For instance, a falling interest rate is good for debt funds or bond funds. Long term Income funds usually benefit when the interest rates are moving downwards. Moreover, during interest rate falls, the bond prices go up and this boost NAVs of the Debt fund schemes.
In a falling interest rate scenario, the average maturities of such bonds can go up to around 7-10 years. When the interest rates rise, they stock up lower tenured securities and keep the Portfolio’s average maturity low.
Mostly, it is advisable to invest in long term bond funds when the interest rates are expected to ease down because a decrease in the interest rates causes a rise in the prices of long-term securities. Investors who are comfortable with fluctuating interest rates in the Market, should only prefer Investing in long term debt funds.
Returns and Risk
These funds are meant to give returns in excess of Bank fixed deposits. Furthermore, if held for more than three years, the returns are more tax efficient. But, on the risk side, these funds can get volatile when the interest rates suddenly change direction. In a sustained rising interest rate regime, these funds give modest returns as they cannot sell long-dated bonds and switch to shorter tenured scripts.
Long Term Debt Funds Taxation
Tax implication on debt funds is computed in the following manner-
Short Term Capital Gains
If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.
Long Term Capital Gains
If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.
| Capital Gains | Investment Holding Gains | Taxation |
|---|---|---|
| Short Term Capital Gains | Less than 36 months | As per individual's tax slab |
| Long Term Capital Gains | More than 36 months | 20% with indexation benefits |
How to Invest in Long Term Bond Funds?
Investors can invest in two ways— SIP or Lump sum. For average investors, SIP (Systematic Investment Plan) is the most viable option. It gives you a systematic option of investing monthly/quarterly/annually Basis. In a lump sum, investors have to invest a considerable amount as a one-time down payment in the scheme. The minimum investment amount for a lump sum is INR 5000, whereas for a SIP it is INR 500.
Best Long Term Bond Funds to Invest in 2024
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity IDFC Government Securities Fund - Investment Plan Growth ₹32.0564
↓ -0.09 ₹1,543 5,000 1,000 4.1 5.4 9.2 5.4 6.8 7.27% 11Y 6M 27Y 2M 12D DSP BlackRock Government Securities Fund Growth ₹86.5435
↓ -0.22 ₹713 1,000 500 3.5 4.6 9.2 5.8 7.1 7.27% 10Y 6M 7D 26Y 3M 4D Invesco India Gilt Fund Growth ₹2,570.54
↓ -6.62 ₹247 5,000 100 3.5 5.2 8.9 4.9 6.6 7.25% 10Y 2M 8D 22Y 4M 20D SBI Magnum Gilt Fund Growth ₹59.6424
↓ -0.13 ₹7,951 5,000 500 2.5 4.2 8.7 5.9 7.6 7.33% 7Y 3M 7D 12Y 5M 12D ICICI Prudential Gilt Fund Growth ₹92.3824
↓ -0.17 ₹4,879 5,000 1,000 2.1 3.6 8.7 6.1 8.3 7.51% 4Y 11M 5D 9Y 6M 11D Axis Gilt Fund Growth ₹22.9019
↓ -0.04 ₹254 5,000 1,000 2.9 4.7 8.6 5.1 7.1 7.34% 7Y 5M 12D 11Y 10M 13D Aditya Birla Sun Life Government Securities Fund Growth ₹73.72
↓ -0.16 ₹1,481 1,000 1,000 2.8 4.5 8.4 5.6 7.1 7.32% 8Y 18D 14Y 2M 23D TATA Gilt Securities Fund Growth ₹70.8843
↓ -0.09 ₹438 5,000 500 2.6 3.7 8.4 5.1 7.5 7.05% 4Y 1M 10D 5Y 6M Edelweiss Government Securities Fund Growth ₹22.2756
↓ -0.05 ₹139 5,000 1,000 3.4 4.8 8.3 5.7 6.2 7.25% 9Y 4M 2D 18Y 1M 8D HDFC Corporate Bond Fund Growth ₹29.2581
↓ -0.01 ₹28,269 5,000 300 2.1 3.5 8.1 5.7 7.2 7.76% 2Y 10M 17D 5Y 22D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
IDFC – GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing in Government Securities.However there is no assurance that the investment objective of the scheme will be realized. IDFC Government Securities Fund - Investment Plan is a Debt - Government Bond fund was launched on 3 Dec 08. It is a fund with Moderate risk and has given a Below is the key information for IDFC Government Securities Fund - Investment Plan Total investment amount is ₹180,000 Returns up to 1 year are on The Scheme aims to generate returns through investments in Central Govt Securities. DSP BlackRock Government Securities Fund is a Debt - Government Bond fund was launched on 30 Sep 99. It is a fund with Moderate risk and has given a Below is the key information for DSP BlackRock Government Securities Fund Total investment amount is ₹180,000 Returns up to 1 year are on The objective of the Scheme is to generate optimal returns by investing in a portfolio of securities issued and guaranteed by Central and State Government. Invesco India Gilt Fund is a Debt - Government Bond fund was launched on 9 Feb 08. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Gilt Fund Total investment amount is ₹180,000 Returns up to 1 year are on (Erstwhile SBI Magnum Gilt Fund - Long Term Plan) To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government SBI Magnum Gilt Fund is a Debt - Government Bond fund was launched on 30 Dec 00. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Gilt Fund Total investment amount is ₹180,000 Returns up to 1 year are on (Erstwhile ICICI Prudential Long Term Gilt Fund) To generate income through investment in Gilts of various maturities. ICICI Prudential Gilt Fund is a Debt - Government Bond fund was launched on 19 Aug 99. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Gilt Fund Total investment amount is ₹180,000 Returns up to 1 year are on (Erstwhile Axis Constant Maturity 10 Year Fund) To generate returns similar to that of 10 year government bonds. Axis Gilt Fund is a Debt - Government Bond fund was launched on 23 Jan 12. It is a fund with Moderate risk and has given a Below is the key information for Axis Gilt Fund Total investment amount is ₹180,000 Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Gilt Plus Fund - PF Plan) An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. Aditya Birla Sun Life Government Securities Fund is a Debt - Government Bond fund was launched on 12 Oct 99. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Government Securities Fund Total investment amount is ₹180,000 Returns up to 1 year are on To generate risk-free return and thus provide medium to long term capital gains and income distribution to its Unitholders, while at all times emphasising theimportance of capital preservation. TATA Gilt Securities Fund is a Debt - Government Bond fund was launched on 6 Sep 99. It is a fund with Moderate risk and has given a Below is the key information for TATA Gilt Securities Fund Total investment amount is ₹180,000 Returns up to 1 year are on The investment objective of the Scheme is to generate income through investment in Securities of various maturities issued and/or created by the Central Government and State Governments of India. However, there can be no assurance that the investment objectives of the Scheme will be realized Edelweiss Government Securities Fund is a Debt - Government Bond fund was launched on 13 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for Edelweiss Government Securities Fund Total investment amount is ₹180,000 Returns up to 1 year are on (Erstwhile HDFC Medium Term Opportunities Fund) To generate regular income through investments in Debt/Money Market Instruments and Government Securities withmaturities not exceeding 60 months. HDFC Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 29 Jun 10. It is a fund with Moderately Low risk and has given a Below is the key information for HDFC Corporate Bond Fund Total investment amount is ₹180,000 Returns up to 1 year are on 1. IDFC Government Securities Fund - Investment Plan
CAGR/Annualized return of 7.9% since its launch. Ranked 14 in Government Bond category. Return for 2023 was 6.8% , 2022 was 1.4% and 2021 was 2.1% . IDFC Government Securities Fund - Investment Plan
Growth Launch Date 3 Dec 08 NAV (22 Mar 24) ₹32.0564 ↓ -0.09 (-0.28 %) Net Assets (Cr) ₹1,543 on 29 Feb 24 Category Debt - Government Bond AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.24 Sharpe Ratio 1.02 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.27% Effective Maturity 27 Years 2 Months 12 Days Modified Duration 11 Years 6 Months Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,700 28 Feb 21 ₹12,588 28 Feb 22 ₹13,251 28 Feb 23 ₹13,417 29 Feb 24 ₹14,764 IDFC Government Securities Fund - Investment Plan SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for IDFC Government Securities Fund - Investment Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.2% 3 Month 4.1% 6 Month 5.4% 1 Year 9.2% 3 Year 5.4% 5 Year 7.7% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 2022 1.4% 2021 2.1% 2020 13.7% 2019 13.3% 2018 7.8% 2017 3.1% 2016 13.9% 2015 6% 2014 16.5% Fund Manager information for IDFC Government Securities Fund - Investment Plan
Name Since Tenure Suyash Choudhary 15 Oct 10 13.39 Yr. Sreejith Balasubramanian 31 Aug 23 0.5 Yr. Data below for IDFC Government Securities Fund - Investment Plan as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 1.09% Debt 98.91% Debt Sector Allocation
Sector Value Government 98.91% Cash Equivalent 1.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -86% ₹1,320 Cr 129,800,000
↑ 18,800,000 7.18% Govt Stock 2037
Sovereign Bonds | -13% ₹200 Cr 19,900,000
↓ -20,700,000 7.17% Govt Stock 2028
Sovereign Bonds | -0% ₹0 Cr 6,300 Net Current Assets
Net Current Assets | -1% ₹18 Cr Triparty Repo
CBLO/Reverse Repo | -0% ₹5 Cr Cash Margin - Ccil
CBLO/Reverse Repo | -0% ₹0 Cr 7.18% Govt Stock 2033
Sovereign Bonds | -₹0 Cr 00
↓ -200,000 2. DSP BlackRock Government Securities Fund
CAGR/Annualized return of 9.2% since its launch. Ranked 9 in Government Bond category. Return for 2023 was 7.1% , 2022 was 2.7% and 2021 was 3.1% . DSP BlackRock Government Securities Fund
Growth Launch Date 30 Sep 99 NAV (22 Mar 24) ₹86.5435 ↓ -0.22 (-0.25 %) Net Assets (Cr) ₹713 on 29 Feb 24 Category Debt - Government Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderate Expense Ratio 1.09 Sharpe Ratio 1.13 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-7 Days (0.1%),7 Days and above(NIL) Yield to Maturity 7.27% Effective Maturity 26 Years 3 Months 4 Days Modified Duration 10 Years 6 Months 7 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,562 28 Feb 21 ₹12,469 28 Feb 22 ₹13,053 28 Feb 23 ₹13,469 29 Feb 24 ₹14,794 DSP BlackRock Government Securities Fund SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for DSP BlackRock Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.1% 3 Month 3.5% 6 Month 4.6% 1 Year 9.2% 3 Year 5.8% 5 Year 7.9% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.7% 2021 3.1% 2020 13.1% 2019 12.5% 2018 7.4% 2017 1.4% 2016 15.3% 2015 6.2% 2014 15% Fund Manager information for DSP BlackRock Government Securities Fund
Name Since Tenure Shantanu Godambe 1 Jun 23 0.75 Yr. Data below for DSP BlackRock Government Securities Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 0.27% Debt 99.73% Debt Sector Allocation
Sector Value Government 99.73% Cash Equivalent 0.27% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -34% ₹247 Cr 24,500,000
↑ 14,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -23% ₹166 Cr 16,500,000
↑ 11,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -22% ₹160 Cr 15,500,000
↑ 9,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -21% ₹149 Cr 14,500,000
↓ -500,000 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -4% ₹28 Cr Net Receivables/Payables
Net Current Assets | -4% -₹26 Cr 6.99% Govt Stock 2051
Sovereign Bonds | -₹0 Cr 00
↓ -10,000,000 364 DTB 08022024
Sovereign Bonds | -₹0 Cr 00
↓ -5,000,000 7.36% Govt Stock 2052
Sovereign Bonds | -₹0 Cr 00
↓ -10,500,000 3. Invesco India Gilt Fund
CAGR/Annualized return of 6% since its launch. Ranked 10 in Government Bond category. Return for 2023 was 6.6% , 2022 was 2.3% and 2021 was 0.7% . Invesco India Gilt Fund
Growth Launch Date 9 Feb 08 NAV (22 Mar 24) ₹2,570.54 ↓ -6.62 (-0.26 %) Net Assets (Cr) ₹247 on 29 Feb 24 Category Debt - Government Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.25 Sharpe Ratio 1.09 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.25% Effective Maturity 22 Years 4 Months 20 Days Modified Duration 10 Years 2 Months 8 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,196 28 Feb 21 ₹11,617 28 Feb 22 ₹11,850 28 Feb 23 ₹12,250 29 Feb 24 ₹13,421 Invesco India Gilt Fund SIP Returns
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Returns for Invesco India Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.1% 3 Month 3.5% 6 Month 5.2% 1 Year 8.9% 3 Year 4.9% 5 Year 5.9% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 2.3% 2021 0.7% 2020 8.2% 2019 9.6% 2018 6.2% 2017 1.2% 2016 16.6% 2015 4.2% 2014 17% Fund Manager information for Invesco India Gilt Fund
Name Since Tenure Krishna Cheemalapati 27 Jul 21 2.6 Yr. Vikas Garg 26 Sep 20 3.43 Yr. Data below for Invesco India Gilt Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 8.06% Debt 91.94% Debt Sector Allocation
Sector Value Government 91.94% Cash Equivalent 8.06% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -52% ₹86 Cr 8,470,000
↑ 4,900,000 7.18% Govt Stock 2037
Sovereign Bonds | -40% ₹65 Cr 6,500,000
↑ 2,900,000 Triparty Repo
CBLO/Reverse Repo | -7% ₹12 Cr Net Receivables / (Payables)
Net Current Assets | -1% ₹2 Cr 4. SBI Magnum Gilt Fund
CAGR/Annualized return of 8% since its launch. Ranked 3 in Government Bond category. Return for 2023 was 7.6% , 2022 was 4.2% and 2021 was 3% . SBI Magnum Gilt Fund
Growth Launch Date 30 Dec 00 NAV (22 Mar 24) ₹59.6424 ↓ -0.13 (-0.21 %) Net Assets (Cr) ₹7,951 on 29 Feb 24 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 1.24 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.33% Effective Maturity 12 Years 5 Months 12 Days Modified Duration 7 Years 3 Months 7 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,599 28 Feb 21 ₹12,467 28 Feb 22 ₹12,992 28 Feb 23 ₹13,557 29 Feb 24 ₹14,854 SBI Magnum Gilt Fund SIP Returns
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Returns for SBI Magnum Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.3% 3 Month 2.5% 6 Month 4.2% 1 Year 8.7% 3 Year 5.9% 5 Year 8% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.6% 2022 4.2% 2021 3% 2020 11.7% 2019 13.1% 2018 5.1% 2017 3.9% 2016 16.3% 2015 7.3% 2014 19.9% Fund Manager information for SBI Magnum Gilt Fund
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 0.33 Yr. Tejas Soman 1 Dec 23 0.25 Yr. Data below for SBI Magnum Gilt Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 4.22% Debt 95.78% Debt Sector Allocation
Sector Value Government 95.78% Cash Equivalent 4.22% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -59% ₹4,715 Cr 468,285,000
↓ -5,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -17% ₹1,340 Cr 133,500,000
↓ -56,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -15% ₹1,159 Cr 114,500,000
↑ 85,000,000 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹233 Cr 23,500,000 6.62% Govt Stock 2051
Sovereign Bonds | -2% ₹187 Cr 20,000,000 6.99% Govt Stock 2051
Sovereign Bonds | -1% ₹98 Cr 10,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -1% ₹92 Cr 9,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -1% ₹56 Cr 5,500,000 07.85% Wb SDL 2042
Sovereign Bonds | -0% ₹1 Cr 75,000 Net Receivable / Payable
CBLO | -1% ₹46 Cr 5. ICICI Prudential Gilt Fund
CAGR/Annualized return of 9.5% since its launch. Ranked 5 in Government Bond category. Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% . ICICI Prudential Gilt Fund
Growth Launch Date 19 Aug 99 NAV (22 Mar 24) ₹92.3824 ↓ -0.17 (-0.18 %) Net Assets (Cr) ₹4,879 on 29 Feb 24 Category Debt - Government Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.12 Sharpe Ratio 1.97 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.51% Effective Maturity 9 Years 6 Months 11 Days Modified Duration 4 Years 11 Months 5 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,344 28 Feb 21 ₹12,281 28 Feb 22 ₹12,855 28 Feb 23 ₹13,474 29 Feb 24 ₹14,671 ICICI Prudential Gilt Fund SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for ICICI Prudential Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.6% 1 Year 8.7% 3 Year 6.1% 5 Year 7.8% 10 Year 15 Year Since launch 9.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.3% 2022 3.7% 2021 3.8% 2020 12.6% 2019 10.8% 2018 6.8% 2017 2.1% 2016 18.2% 2015 5.5% 2014 18% Fund Manager information for ICICI Prudential Gilt Fund
Name Since Tenure Manish Banthia 22 Jan 24 0.11 Yr. Raunak Surana 22 Jan 24 0.11 Yr. Data below for ICICI Prudential Gilt Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 5.97% Debt 94.03% Debt Sector Allocation
Sector Value Government 94.03% Cash Equivalent 5.97% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -62% ₹3,049 Cr 302,974,590
↑ 112,500,000 8.25% Govt Stock 2033
Sovereign Bonds | -23% ₹1,103 Cr 108,971,700 7.69% Govt Stock 2028
Sovereign Bonds | -6% ₹294 Cr 29,490,899
↓ -13,333,750 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹75 Cr 7,500,000
↑ 7,500,000 8.1% Govt Stock 2034
Sovereign Bonds | -2% ₹74 Cr 7,500,000 7.37% Govt Stock 2028
Sovereign Bonds | -0% ₹3 Cr 266,550 08.03 GOI FCI 2024
Domestic Bonds | -0% ₹3 Cr 250,000 7.06% Govt Stock 2028
Sovereign Bonds | -0% ₹1 Cr 133,450
↓ -42,000,000 08.05 RJ Sdl 2025feb
Sovereign Bonds | -0% ₹1 Cr 56,000 7.38% Govt Stock 2027
Sovereign Bonds | -0% ₹0 Cr 10,470
↓ -52,823,930 6. Axis Gilt Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 16 in Government Bond category. Return for 2023 was 7.1% , 2022 was 2.4% and 2021 was 2.4% . Axis Gilt Fund
Growth Launch Date 23 Jan 12 NAV (22 Mar 24) ₹22.9019 ↓ -0.04 (-0.19 %) Net Assets (Cr) ₹254 on 29 Feb 24 Category Debt - Government Bond AMC Axis Asset Management Company Limited Rating ☆ Risk Moderate Expense Ratio 0.99 Sharpe Ratio 1.05 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.34% Effective Maturity 11 Years 10 Months 13 Days Modified Duration 7 Years 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,449 28 Feb 21 ₹12,475 28 Feb 22 ₹12,945 28 Feb 23 ₹13,275 29 Feb 24 ₹14,481 Axis Gilt Fund SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for Axis Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.3% 3 Month 2.9% 6 Month 4.7% 1 Year 8.6% 3 Year 5.1% 5 Year 7.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.4% 2021 2.4% 2020 13.1% 2019 12% 2018 5.3% 2017 1.4% 2016 13.7% 2015 6.3% 2014 15% Fund Manager information for Axis Gilt Fund
Name Since Tenure Devang Shah 5 Nov 12 11.33 Yr. Sachin Jain 1 Feb 23 1.08 Yr. Data below for Axis Gilt Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 10.8% Debt 89.2% Debt Sector Allocation
Sector Value Government 89.2% Cash Equivalent 10.8% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -62% ₹156 Cr 15,500,000
↑ 2,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -12% ₹31 Cr 3,000,000
↑ 2,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -10% ₹25 Cr 2,500,000
↓ -2,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -5% ₹12 Cr 1,200,000
↓ -2,500,000 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -10% ₹25 Cr Net Receivables / (Payables)
CBLO | -1% ₹2 Cr Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (26/12/2025) (Fv 10
- | -0% ₹0 Cr 0% GOI - 17062027 STRIPS
Sovereign Bonds | -₹0 Cr 00
↓ -907,500 7. Aditya Birla Sun Life Government Securities Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 4 in Government Bond category. Return for 2023 was 7.1% , 2022 was 1.7% and 2021 was 3.6% . Aditya Birla Sun Life Government Securities Fund
Growth Launch Date 12 Oct 99 NAV (22 Mar 24) ₹73.72 ↓ -0.16 (-0.21 %) Net Assets (Cr) ₹1,481 on 29 Feb 24 Category Debt - Government Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 1 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-90 Days (0.5%),90 Days and above(NIL) Yield to Maturity 7.32% Effective Maturity 14 Years 2 Months 23 Days Modified Duration 8 Years 18 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,343 28 Feb 21 ₹12,109 28 Feb 22 ₹12,880 28 Feb 23 ₹13,106 29 Feb 24 ₹14,299 Aditya Birla Sun Life Government Securities Fund SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for Aditya Birla Sun Life Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.2% 3 Month 2.8% 6 Month 4.5% 1 Year 8.4% 3 Year 5.6% 5 Year 7.3% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 1.7% 2021 3.6% 2020 12.1% 2019 11% 2018 6.9% 2017 4.4% 2016 16.7% 2015 5.7% 2014 19.9% Fund Manager information for Aditya Birla Sun Life Government Securities Fund
Name Since Tenure Bhupesh Bameta 6 Aug 20 3.57 Yr. Dhaval Joshi 21 Nov 22 1.28 Yr. Data below for Aditya Birla Sun Life Government Securities Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 4.52% Debt 95.48% Debt Sector Allocation
Sector Value Government 95.48% Cash Equivalent 4.52% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -41% ₹605 Cr 60,293,050
↓ -2,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -20% ₹294 Cr 28,934,950
↑ 3,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -7% ₹102 Cr 10,053,050 India (Republic of) 0%
Sovereign Bonds | -3% ₹49 Cr 6,500,000 Goi Strips 19092028
Sovereign Bonds | -3% ₹47 Cr 6,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -2% ₹35 Cr 3,500,000
↑ 3,500,000 Gs CG 15/6/2030 - (Strips) Tb
Sovereign Bonds | -1% ₹19 Cr 3,010,000 Gs CG 15/12/2030 - (Strips) Tb
Sovereign Bonds | -1% ₹19 Cr 3,010,000 India (Republic of) 0%
Sovereign Bonds | -1% ₹19 Cr 2,510,000 Goi Strips 12032029
Sovereign Bonds | -1% ₹18 Cr 2,502,400 8. TATA Gilt Securities Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 11 in Government Bond category. Return for 2023 was 7.5% , 2022 was 2.4% and 2021 was 0.8% . TATA Gilt Securities Fund
Growth Launch Date 6 Sep 99 NAV (22 Mar 24) ₹70.8843 ↓ -0.09 (-0.13 %) Net Assets (Cr) ₹438 on 29 Feb 24 Category Debt - Government Bond AMC Tata Asset Management Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.43 Sharpe Ratio 0.75 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-180 Days (0.5%),180 Days and above(NIL) Yield to Maturity 7.05% Effective Maturity 5 Years 6 Months Modified Duration 4 Years 1 Month 10 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,269 28 Feb 21 ₹11,729 28 Feb 22 ₹12,092 28 Feb 23 ₹12,504 29 Feb 24 ₹13,631 TATA Gilt Securities Fund SIP Returns
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Returns for TATA Gilt Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.3% 3 Month 2.6% 6 Month 3.7% 1 Year 8.4% 3 Year 5.1% 5 Year 6.2% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.5% 2022 2.4% 2021 0.8% 2020 9.9% 2019 9.7% 2018 4.9% 2017 2.7% 2016 13.4% 2015 5.9% 2014 17.7% Fund Manager information for TATA Gilt Securities Fund
Name Since Tenure Akhil Mittal 1 Mar 22 2 Yr. Data below for TATA Gilt Securities Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 47.44% Debt 52.56% Debt Sector Allocation
Sector Value Government 52.56% Cash Equivalent 47.44% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 22022024
Sovereign Bonds | -29% ₹110 Cr 11,000,000
↑ 11,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -26% ₹101 Cr 10,000,000 7.37% Govt Stock 2028
Sovereign Bonds | -22% ₹86 Cr 8,500,000
↑ 8,500,000 364 DTB 07032024
Sovereign Bonds | -13% ₹50 Cr 5,000,000
↑ 5,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -4% ₹15 Cr 1,500,000
↑ 1,500,000 C) Repo
CBLO/Reverse Repo | -24% ₹91 Cr Net Current Liabilities
CBLO | -18% -₹68 Cr 7.18% Govt Stock 2037
Sovereign Bonds | -₹0 Cr 00
↓ -10,000,000 Karnataka (Government of) 7.74%
- | -₹0 Cr 00
↓ -2,500,000 364 DTB 01022024
Sovereign Bonds | -₹0 Cr 00
↓ -2,500,000 9. Edelweiss Government Securities Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 18 in Government Bond category. Return for 2023 was 6.2% , 2022 was 2.5% and 2021 was 4.1% . Edelweiss Government Securities Fund
Growth Launch Date 13 Feb 14 NAV (22 Mar 24) ₹22.2756 ↓ -0.05 (-0.23 %) Net Assets (Cr) ₹139 on 29 Feb 24 Category Debt - Government Bond AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderate Expense Ratio 1.34 Sharpe Ratio 0.79 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Yield to Maturity 7.25% Effective Maturity 18 Years 1 Month 8 Days Modified Duration 9 Years 4 Months 2 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,321 28 Feb 21 ₹12,400 28 Feb 22 ₹13,126 28 Feb 23 ₹13,467 29 Feb 24 ₹14,676 Edelweiss Government Securities Fund SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for Edelweiss Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.2% 3 Month 3.4% 6 Month 4.8% 1 Year 8.3% 3 Year 5.7% 5 Year 7.8% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.2% 2022 2.5% 2021 4.1% 2020 13.6% 2019 10.7% 2018 6.8% 2017 4.2% 2016 12.5% 2015 5.8% 2014 Fund Manager information for Edelweiss Government Securities Fund
Name Since Tenure Dhawal Dalal 26 Nov 16 7.27 Yr. Rahul Dedhia 23 Nov 21 2.27 Yr. Data below for Edelweiss Government Securities Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 4.93% Debt 95.07% Debt Sector Allocation
Sector Value Government 95.07% Cash Equivalent 4.93% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -54% ₹75 Cr 7,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -33% ₹46 Cr 4,500,000
↑ 500,000 7.18% Govt Stock 2033
Sovereign Bonds | -11% ₹15 Cr 1,500,000 08.38 GJ Sdl 2029
Sovereign Bonds | -0% ₹0 Cr 9,100 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -1% ₹2 Cr Accrued Interest
CBLO | -1% ₹1 Cr Net Receivables/(Payables)
CBLO | -0% ₹0 Cr 10. HDFC Corporate Bond Fund
CAGR/Annualized return of 8.1% since its launch. Ranked 2 in Corporate Bond category. Return for 2023 was 7.2% , 2022 was 3.3% and 2021 was 3.9% . HDFC Corporate Bond Fund
Growth Launch Date 29 Jun 10 NAV (22 Mar 24) ₹29.2581 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹28,269 on 29 Feb 24 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio 1.17 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.76% Effective Maturity 5 Years 22 Days Modified Duration 2 Years 10 Months 17 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,131 28 Feb 21 ₹12,071 28 Feb 22 ₹12,717 28 Feb 23 ₹13,175 29 Feb 24 ₹14,232 HDFC Corporate Bond Fund SIP Returns
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 24 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 3.5% 1 Year 8.1% 3 Year 5.7% 5 Year 7.1% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 3.3% 2021 3.9% 2020 11.8% 2019 10.3% 2018 6.5% 2017 6.5% 2016 10.6% 2015 8.6% 2014 10.9% Fund Manager information for HDFC Corporate Bond Fund
Name Since Tenure Anupam Joshi 27 Oct 15 8.35 Yr. Dhruv Muchhal 22 Jun 23 0.69 Yr. Data below for HDFC Corporate Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 3.91% Debt 95.85% Other 0.25% Debt Sector Allocation
Sector Value Government 50.13% Corporate 45.62% Cash Equivalent 3.91% Securitized 0.1% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.25% Govt Stock 2033
Sovereign Bonds | -5% ₹1,518 Cr 150,000,000 8.1% Govt Stock 2034
Sovereign Bonds | -4% ₹1,086 Cr 109,500,000
↑ 2,000,000 7.69% Govt Stock 2028
Sovereign Bonds | -3% ₹946 Cr 95,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹795 Cr 80,000 Hdb Financial Services Limited
Debentures | -3% ₹725 Cr 72,500 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹553 Cr 5,670 Reliance Industries Limited
Debentures | -2% ₹523 Cr 5,000 HDFC Bank Limited
Debentures | -2% ₹502 Cr 50,000 LIC Housing Finance Limited
Debentures | -2% ₹497 Cr 5,000 State Bank Of India
Debentures | -2% ₹472 Cr 4,900
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