Nippon India Gilt Securities Fund -Growth Plan - Growth Option

Gilt NAV 33.1563 0 27 September, 2023

Fund Details

Category Gilt
Fund Type Open Ended
Investment Plan Growth
Launch Date 05 July, 2003
Benchmark I-SEC Li-BEX
Asset Size(Cr) 1392.8851
Turn over 24%
Min Investment ₹ 5000
Min SIP Investment ₹ 100
Min Addl Investment ₹ 1000
Exit Load 0.25% for redemption within 7 days
Expense Ratio 1.4
Fund Manager Pranay Sinha, Akshay Sharma
Fund House Nippon India Mutual Fund

Investment Returns (As on 27 Sep, 2023)

Duration Returns Benchmark Category
1 W 0.59% 0.5% 0.47%
1 M 1.8% 2.56% 1.63%
3 M 2.66% 3.36% 2.58%
6 M 5.08% 6.35% 4.76%
1 Y 6.3% 7.87% 6.3%
2 Y 3.9% 4.87% 4.13%
3 Y 4.22% 4.97% 4.52%
5 Y 7.6% 7.61% 7.29%

Risk Mesasures (As on 27 Sep, 2023)

Std Dev Sharpe Beta Alpha YTM AVG Maturity
Fund 2.88 0.02 -0.68 0.67 7.46 7.6
Benchmark 0 0 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 7.37%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Nippon India Gilt Securities Fund -Growth Plan - Growth Option 6.3% 4.22% 7.6%

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Reliance Gilt Securities Fund - Consistent Gains From Government Securities

Gilt mutual funds have been gaining the attention of the investors in recent years due to their ability to provide better returns at a meagre risk. Several gilt funds have provided bountiful returns in last few years out of which Reliance Gilt Securities Fund has been a top performer on the basis of various aspects. It has delivered remarkable returns to the investors while the risk factor has been kept low due to the profound management strategy of fund manager Mr Prashant R Pimple. By investing in Reliance Gilt Securities Fund, investors can gain consistent returns in the long term and can also contribute towards the development of the nation.


How Does Gilt Funds Work?

Whenever the government of India is in need of funds or any kind of financial assistance, it can approach the Reserve Bank of India (RBI) to seek loans. RBI provides loan to the Indian government in return of securities which have a pre-defined maturity tenure. These securities are bought by fund managers of the gilt fund and are returned once the maturity period of the securities is completed. The issuer pays the invested amount along with capital appreciation based on prevailing interest rates. The overall capital gains from various government securities or G-secs are divided among the investors of the gilt mutual fund on the basis of units owned by them. The securities issued by the Indian Government have negligible default risk as they are backed up by the taxation power of government although any change in interest rates highly affect the performance of gilt funds.

Gilt funds are the mutual funds in which the fund manager buys government securities of long term maturity. By investing in such mutual funds, one can contribute to the development and growth of the nation as the investments are eventually used by the government for the betterment of the nation. Gilt funds can deliver capital appreciation of 8-12% which can further rise higher if the interest rates are cut short. Hence, the right time to invest in the gilt scheme is when interest rates are falling.


How Good is Reliance Gilt Securities Fund?

Reliance Gilt Securities Fund is among the best performers in the category. It has beaten the benchmark and category average many times while the risk vs reward factor is also impressive in recent years. Reliance Mutual Fund rolled out this gilt fund in July 2003 to grab the opportunity of investing in promising securities issued by the central and state government of India. The fund manager Prashant R Pimple has taken better advantage of the falls in interest rates due to which, it is one of the most profitable gilt schemes in India. The fund only deals with the G-secs hence credit risk and default risk does not exist as the ratings of the securities does not change. Government failing to repay a loan is a rare incident and is least likely. Hence, these funds are a very good option for investors who seek capital appreciation in the long term from a low-risk debt mutual fund.


Performance of Reliance Gilt Securities Fund

Gilt funds have the ability to provide better returns than most of the other debt schemes. Reliance Gilt Securities Fund is a top performer in the category which has been delivering consistent gains to the investors for a long time. In market conditions where interest rates have been reduced by the RBI, it has provided exponential returns. Particularly, in the year 2014 and 2016, it has generated 18.64% and 16.98% respectively. The trailing returns of Reliance Gilt Securities Fund in the last few years have been foremost. Potential investors can expect annual gains of more than 10% if the investments are held for a long tenure of more than 3 years. The calculations for the expected capital gains can be done easily by using the SIP calculator at MySIPonline.


Who Should Invest in Reliance Gilt Securities Fund?

The securities chosen by the fund manager of Reliance Gilt Securities Fund is of medium to long term maturity. Hence the fund can be a good option for long term investment for conservative investors. It does not allocate anything into corporate bonds or any other high-risk security. Due to better asset quality, the risk is low and the returns in the long term can be high. However, Reliance Gilt Securities Fund should not be chosen for short term investment as these funds are highly dependent on the changes in interest rates.

Reliance Gilt Securities Fund is a top-performing mutual fund in the gilt category. Investors can rely on this scheme for long term gains. Apart from the gains, the investments made will aid the development of the country. If you are dicey regarding investment in Reliance Gilt Securities Fund, expert’s assistance is always available at MySIPonline.

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