Investment Strategy for this NFO?

The scheme seeks to generate credit risk-free returns by predominantly investing in sovereign securities issued by the Central Government and/or State Government(s) and/or any security guaranteed by the Government of India, and/or reverse repos in such securities as per applicable RBI Regulations and Guidelines. The Scheme may also be investing in Reverse repo, Triparty repo on Government securities or treasury bills and/or other similar instruments as may be notified from time to time.

Basic Details 

About Benchmark Index for this NFO?

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) Fully invested with no allocation to cash
5) Index weights rebalanced on the 1st business 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

(●●) Trading pattern of government securities analysed during the last one month
(●) Consistent Liquidity Scores assigned to each security on the basis of:
♦.. Volumes traded (70%)
♦. Days Traded (15%)
♦… Number of Trades (15%)
(●●) Top twelve securities on the basis of Consistent Liquidity Score eligible to be part of the index
(●) Weights to eligible securities based on a combined score of:
◊ Liquidity (70%)
◊ Amount outstanding (30%)
(●●) 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 Groww Gilt Fund

1) Kaustubh Sule

Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.

AMC

Groww Asset Management Limited
Address: 505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel, Maharashtra Mumbai – 400013
Website: http://growwmf.in

Registrar & Transfer Agent:

KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/

Review for Groww Gilt Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst

[ A ] Benchmark Performance of CRISIL Dynamic Gilt Index

Study about Benchmark Index in details

CRISIL Indices Factsheet 15 April 2025

Note on Benchmark Performance:

X

[ B ] Performance Review of the Fund Managers of this NFO

Past Performance of Kaustubh Sule

As on 19-04-2025

Note on Fund Managers’ performance
X

[ C ] Our NFO Review
X

Is it good to invest in Groww Gilt Fund NFO? 

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