February 14, 2024
mayank
Bandhan Government Securities Fund-Constant Maturity Plan details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 40.8205
Weekly NAV IDCW: Rs 17.8899
NAV IDCW Quarterly: Rs 11.7798
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. 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 optimal returns with high liquidity by investing in Government securities such that weighted average portfolio maturity of around 10 years.
Fund Manager:
1) Harshal Joshi
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Government Securities Fund-Constant Maturity Plan
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.95% |
| Benchmark | CRISIL 10-Year Gilt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 327 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.30% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bandhan Government Securities Fund-Constant Maturity Plan
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Govt Securities Constant Mtrty Dir | 1.65 | -0.04 | 1.36 | 3.38 | 4.33 | 8.76 | 4.45 | 7.77 | 8.12 | 8.82 |
| CCIL All Sovereign Bond – TRI | 2.65 | -0.06 | 2.36 | 4.44 | 5.38 | 9.79 | 5.59 | 7.82 | 7.42 | 8.90 |
| Debt: Gilt with 10 year Constant Duration | 1.44 | 0.00 | 1.20 | 3.11 | 4.12 | 8.71 | 4.44 | 7.42 | 7.42 | 8.83 |
| Rank within category | 1 | 5 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 2 |
| Number of funds in category | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 2 |
Peer Comparison of Bandhan Government Securities Fund-Constant Maturity Plan
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan Govt Securities Constant Mtrty Dir | Unrated | 8.76 | 4.45 | 7.77 | 0.30 | 327 | 8.95 | — | 11Y 1M |
| ICICI Pru Constant Maturity Gilt Dir | Unrated | 8.66 | 4.86 | 7.92 | 0.23 | 2,401 | 8.82 | — | 9Y 5M |
| SBI Magnum Constant Maturity Dir | Unrated | 8.73 | 4.94 | 7.44 | 0.31 | 1,619 | 8.85 | — | 11Y 1M |
| SBI Nifty 10Y Benchmark G-Sec ETF | Unrated | 8.69 | 3.59 | 5.85 | 0.14 | 2,818 | 5.85 | — | 7Y 8M |
| ICICI Pru Nifty 10 yr Benchmark G-Sec ETF | Unrated | 8.32 | — | — | 0.14 | 463 | 7.28 | — | 1Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 7 | 4 |
| Macaulay Duration (yrs) | 6.91 | 6.91 |
| Average Maturity (yrs) | 9.81 | 9.74 |
| Yield to Maturity (%) | 7.28 | 7.27 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Bandhan Government Securities-Constant Maturity Plan?
Chanakya’s Mutual Fund Guidance For Bandhan Government Securities Fund-Constant Maturity Plan
Apply Online: https://bandhanmutual.com/mutual-funds
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-government-securities-fund/