February 14, 2024
mayank
Bandhan Government Securities Fund-Investment Plan details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 34.1074
Yearly NAV IDCW: Rs 12.8806
Quarterly NAV IDCW: Rs 11.5360
NAV IDCW: Rs 13.1507
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 reasonable return with high liquidity through investment in Government securities across maturities.
Fund Manager:
1) Suyash Choudhary
Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
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-Investment Plan
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.95% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,500 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.45% |
| (As on 31-Jan-2024) | |
| Risk Grade | High |
| Return Grade | Below Average |
Trailing Returns (%) of Bandhan Government Securities Fund-Investment Plan
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan GSF Investment Dir | 3.21 | -0.14 | 2.89 | 4.97 | 5.90 | 10.05 | 5.57 | 8.57 | 7.90 | 9.21 |
| 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 | 1.79 | -0.03 | 1.56 | 3.33 | 4.51 | 8.84 | 5.52 | 7.64 | 7.13 | 8.84 |
| Rank within category | 1 | 23 | 1 | 1 | 1 | 2 | 9 | 3 | 2 | 7 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 20 | 20 | 20 | 19 |
Peer Comparison of Bandhan Government Securities Fund-Investment 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 GSF Investment Dir | 1 star | 10.05 | 5.57 | 8.57 | 0.45 | 1,500 | 8.95 | — | 11Y 1M |
| SBI Magnum Gilt Dir | 5 star | 9.45 | 6.27 | 8.68 | 0.46 | 7,821 | 9.30 | — | 11Y 1M |
| ICICI Pru Gilt Dir | 5 star | 9.32 | 6.32 | 8.44 | 0.56 | 4,617 | 8.64 | — | 11Y 1M |
| Kotak Gilt Investment Dir | 4 star | 9.38 | 5.89 | 8.26 | 0.46 | 3,044 | 8.37 | — | 11Y 1M |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 9.38 | 5.88 | 8.26 | 0.40 | 3,044 | 8.31 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 11 |
| Macaulay Duration (yrs) | 11.27 | 7.14 |
| Average Maturity (yrs) | 24.43 | 12.19 |
| Yield to Maturity (%) | 7.38 | 7.31 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Bandhan Government Securities-Investment Plan?
Chanakya’s Mutual Fund Guidance For Bandhan Government Securities Fund-Investment Plan
Apply Online: https://bandhanmutual.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-government-securities-fund/