February 20, 2023
mayank
BHARAT Bond FOF – April 2023
NAV Growth: Rs 12.1561
NAV IDCW: Rs 12.1561
Suitable For Which Investors?
This is a fund that comes with a fixed maturity and invests in bonds whose maturity is in line with that of the fund. Upon the completion of the stated tenure, the fund is wound up and investors’ money is returned to them along with accumulated gains. They provide predictability (though not a guarantee) of returns because by staying invested till the end of its term, you can expect to get returns close to its ‘indicative yield’ at the time of making the investment.
They can be a viable option for fixed-income investors whose investment horizon matches the tenure of the fund. Such funds are more attractive when the interest rates are high, so as to ‘lock-in’ a high rate of return and benefit from it by staying invested for the entire fund tenure.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to generate returns by investing in units of BHARAT Bond ETF – April 2023.
Fund Manager:
1) Dhawal Dalal
Education: Mr. Dalal is a B.E and MBA.
Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.
2) Rahul Dedhia
Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA – Finance.
Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | – |
| Lock-in Period | NA |
| Exit Load | 0.1% for redemption within 30 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 27-Dec-19 |
| Return Since Launch | 6.40% |
| Benchmark | NIFTY Bharat Bond Index Series – April 2023 |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 4,470 Cr |
| (As on 31-Jan-2023) | |
| Expense | 0.06% |
| (As on 31-Jan-2023) | |
| Risk Grade | — |
| Return Grade | — |
BHARAT Bond FOF – April 2023 Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bhrt Bond FOF-April 2023 Direct | 0.65 | 0.01 | 0.51 | 1.54 | 2.82 | 4.62 | 6.02 | — | — | — |
| CCIL T Bill Liquidity Weight | 0.39 | 0.03 | 0.25 | 0.94 | 1.72 | 2.71 | 2.55 | — | — | — |
| Debt: Target Maturity | 0.62 | -0.09 | 0.20 | 1.37 | 2.34 | 2.62 | 6.18 | — | — | — |
| Rank within category | 24 | 5 | 2 | 7 | 6 | 1 | 2 | — | — | — |
| Number of funds in category | 62 | 73 | 63 | 49 | 28 | 15 | 2 | 0 | 0 | 0 |
BHARAT Bond FOF – April 2023 Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| Bhrt Bond FOF-April 2023 Direct | Unrated | 4.62 | 6.02 | — | 0.06 | 4,470 | 6.40 | 0.10 (30) | 3yrs 1mo |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 2.34 | — | — | 0.20 | 9,540 | 2.65 | 0.50 (30) | 1yrs 4mo |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 2.15 | — | — | 0.17 | 9,362 | 2.83 | 0.15 (30) | 1yrs 0mo |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 2.45 | — | — | 0.16 | 9,250 | 4.84 | 0.10 (30) | 1yrs 11mo |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 2.18 | — | — | 0.20 | 7,941 | 2.45 | — | 1yrs 4mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 23 |
| Modified Duration (yrs) | 0.16 | 3.84 |
| Average Maturity (yrs) | 0.17 | 5.02 |
| Yield to Maturity (%) | 7.25 | 7.49 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For BHARAT Bond FOF – April 2023
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