February 19, 2025
mayank
Bajaj Finserv Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,006.7634
NAV IDCW: Rs 1,006.7634
Suitable For Which Investors?
“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.”
Fund’s Investment Strategy:
The Scheme seeks to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as per applicable RBI Regulations and Guidelines.
Fund Manager:
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
2) Siddharth Chaudhary
Education: Mr. Chaudhar is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bajaj Finserv Gilt Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 15-Jan-25 |
| Return Since Launch | 0.68% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 47 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.39% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bajaj Finserv Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj FinSrv Gilt Dir | — | 0.04 | 0.66 | — | — | — | — | — | — | — |
| CCIL All Sovereign Bond – TRI | — | -0.03 | 0.91 | — | — | — | — | — | — | — |
| Debt: Gilt | — | 0.06 | 0.90 | — | — | — | — | — | — | — |
| Rank within category | — | 14 | 23 | — | — | — | — | — | — | — |
| Number of funds in category | 23 | 24 | 24 | 23 | 23 | 23 | 21 | 20 | 20 | 20 |
Peer Comparison of Bajaj Finserv Gilt Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bajaj FinSrv Gilt Dir | Unrated | — | — | — | 0.39 | 47 | 0.68 | — | 1M |
| SBI Magnum Gilt Dir | 5 star | 8.39 | 7.66 | 7.15 | 0.46 | 11,262 | 9.22 | — | 12Y 1M |
| ICICI Pru Gilt Dir | 5 star | 8.51 | 7.63 | 7.36 | 0.56 | 6,361 | 8.63 | — | 12Y 1M |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 8.28 | 7.27 | 7.25 | 0.40 | 4,094 | 8.32 | — | 12Y 1M |
| Invesco India Gilt Dir | 4 star | 8.20 | 7.50 | 5.99 | 0.46 | 1,227 | 7.61 | — | 12Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 13 |
| Macaulay Duration (yrs) | 10.40 | 8.54 |
| Average Maturity (yrs) | 23.90 | 18.14 |
| Yield to Maturity (%) | 6.90 | 6.95 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Bajaj Finserv Gilt Fund
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