July 8, 2022
mayank
ICICI Prudential Gilt Fund Guidance
NAV Growth : Rs 85.0515
NAV IDCW Half Yearly : Rs 16.0440
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 steady and consistent return from a basket of government securities across various maturities through proactive fund management aimed at controlling Interest rate risk. The investment plan will invest in gilt including T-Bills with medium to long maturity, with average maturity of the portfolio normally not exceeding 8 years.
Fund Manager :
— Anuj Tagra
Education : Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience : Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
— Rahul Goswami
Education : Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience : Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 5,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.54% |
| Benchmark: | CRISIL Dynamic Gilt Index |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 2,334 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.56% |
| (As on 31-May-2022) | |
| Risk Grade: | Above Average |
| Return Grade: | Above Average |
ICICI Prudential Gilt Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Gilt Direct-G | -0.48 | -0.08 | 0.19 | 0.38 | -0.33 | 0.27 | 2.9 | 6.89 | 6.76 | 8.54 | — |
| CCIL All Sovereign Bond – TRI | -1.67 | 0.12 | 0.8 | 1.82 | -1.28 | -1.16 | 1.8 | 5.08 | 6.44 | 7.76 | — |
| Debt: Gilt | -0.23 | -0.12 | 0.41 | 1.04 | -0.52 | 0.02 | 2.38 | 5.86 | 6.33 | 7.81 | — |
| Rank within category | 13 | 6 | 24 | 26 | 11 | 9 | 4 | 3 | 9 | 4 | — |
| Number of funds in category | 24 | 26 | 26 | 26 | 26 | 24 | 23 | 21 | 21 | 21 | 0 |
ICICI Prudential Gilt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Gilt Fund | 3 star | Jan-13 | 2.9 | 6.89 | 6.76 | 0.56% | 2,334 |
| SBI Magnum Gilt Fund | 5 star | Jan-13 | 3.17 | 6.86 | 6.98 | 0.46% | 3,566 |
| IDFC Government Securities Fund – Investment Plan | 4 star | Jan-13 | 1.84 | 6.77 | 7.32 | 0.62% | 1,366 |
| Aditya Birla Sun Life Government Securities Fund | 4 star | Jan-13 | 2.71 | 6.42 | 6.8 | 0.29% | 1,185 |
| DSP Government Securities Fund | 4 star | Jan-13 | 2.97 | 7.19 | 7.45 | 0.54% | 408 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 12 | 28 | 8 | 13 |
| Modified Duration (yrs) | 1.43 | 7.47 | 1.43 | — |
| Average Maturity (yrs) | 8.76 | 21.73 | 8.61 | — |
| Yield to Maturity (%) | 5.58 | 6.38 | 5.58 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Gilt Fund Guidance by Chanakya :
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