December 28, 2024
mayank
Bajaj Finserv Gilt Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bajaj Finserv Gilt Fund Open Date, Close Date?
NFO opens on December 30, 2024
NFO will close on January 13, 2025
Investment Strategy for this NFO?
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.
Basic Details
| Fund House | Bajaj Finserv Mutual Fund |
| Issue Open | 30 December 2024 |
| Issue Close | 13 January 2025 |
| Type | Open-ended |
| Category | Debt: Gilt |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | CRISIL Dynamic Gilt Index |
About Benchmark Index for this NFO?
About the Index
CRISIL Gilt Index tracks the performance of a portfolio comprising government securities, across maturities
Features and Characteristics
1. Total Return Index seeking to capture coupon and price returns of the underlying portfolio
2. Base date for the Index: January 01, 1997
3. Index constituents valued on a daily basis using CRISIL Gilt Valuation
4. Index weights rebalanced on the first day of every month
Key Characteristics
1) Rich history: CRISIL Gilt Index has an inception date of January 01, 1997. Thus the index has been in existence over a decade witnessing multiple interest rate cycles and has stood the test of time
2) Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid government securities by using appropriate market representation
3) Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to market levels
Methodology
(1) Trading pattern of government securities analysed during the last one month
(2) Consistent Liquidity Scores assigned to each security on the basis of:
⇒ Volumes traded (70%)
⇒. Days Traded (15%)
⇒ Number of Trades (15%)
(3) Top twelve securities on the basis of Consistent Liquidity Score eligible to be part of the index
(4) Weights to eligible securities based on a combined score of:
♦ Liquidity (70%)
♦ Amount outstanding (30%)
(5) Surrogate bonds (namely Food Corporation of India bonds, Oil bonds, Fertiliser bonds and UTI Special Bonds) and Floating rate bonds kept out of the purview of the selection process since these are quasi government bonds
Fund Managers of Bajaj Finserv Gilt Fund
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. Chaudhary 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.
AMC
Bajaj Finserv Asset Management Ltd.
Address: 8th floor, E-Core, Solitaire Business Hub (formerly Marvel Edge), Viman Nagar Pune – 411014
Website: https://www.bajajamc.com/
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Bajaj Finserv Gilt Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of CRISIL Dynamic Gilt Index
CRISIL Gilt Index: Constituent Details – March 01, 2018
| Serial Number | ISIN | Security Name | Final Redemption Date | Coupon | Index Weights | Modified duration |
| 1 | IN0020170042 | 06.68% CGL 2031 | 17-Sep-31 | 6.68% | 18.56% | 8.21 |
| 2 | IN0020170026 | 06.79% CGL 2027 | 15-May-27 | 6.79% | 18.55% | 6.49 |
| 3 | IN0020170174 | 07.17% CGL 2028 (New 10 year G-sec) | 08-Jan-28 | 7.17% | 15.38% | 6.83 |
| 4 | IN0020160050 | 06.84% CGL 2022 | 19-Dec-22 | 6.84% | 6.27% | 3.96 |
| 5 | IN0020060037 | 08.20% CGL 2022 (Recaptalised Bond) | 15-Feb-22 | 8.20% | 5.06% | 3.33 |
| 6 | IN0020120013 | 08.15% CGL 2022 | 11-Jun-22 | 8.15% | 5.79% | 3.51 |
| 7 | IN0020080068 | 06.05% CGL 2019 (FEB) | 02-Feb-19 | 6.05% | 4.72% | 0.88 |
| 8 | IN0020060318 | 07.94% CGL 2021 | 24-May-21 | 7.94% | 4.56% | 2.76 |
| 9 | IN0020150036 | 07.72% CGL 2025 – New 10 Year G-Sec. | 25-May-25 | 7.72% | 5.71% | 5.36 |
| 10 | IN0020140029 | 08.27% CGL 2020 (New 6 Year Bond) | 09-Jun-20 | 8.27% | 5.24% | 2.01 |
| 11 | IN0020020171 | 06.35% CGL 2020 | 02-Jan-20 | 6.35% | 4.79% | 1.69 |
| 12 | IN0020130012 | 07.16% CGL 2023 | 20-May-23 | 7.16% | 5.35% | 4.19 |
CRISIL Gilt Index: Index Details – March 01, 2018
| Parameters | Values |
| Average Maturity (years) | 7.58 |
| Modified Duration (years) | 5.28 |
| Average Coupon (%) | 7.13 |
⇒ Study about Benchmark Index in details
⇒ CRISIL Indices Factsheet 17 Dec 2024
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Nimesh Chandan
| Fund | Bajaj Finserv Flexi Cap Fund | It’s Benchmark | Bajaj Finserv Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 29.39 | 16.98 | 9.62 | 14.63 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 28-12-2024
Past Performance of Siddharth Chaudhary
| Fund | Bajaj Finserv Money Market Fund | It’s Benchmark | Bajaj Finserv Arbitrage Fund | It’s Benchmark |
| 1 Year | 7.74 | 4.76 | 7.64 | 4.76 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 28-12-2024
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in Bajaj Finserv Gilt Fund NFO?
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