January 29, 2025
mayank
PGIM India CRISIL IBX Gilt Index-Apr 2028 Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.6414
NAV IDCW: Rs 10.9457
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 that corresponds to the total returns of the securities as represented by the CRISIL-IBX Gilt Index-April 2028 (before fees and expenses), subject to tracking errors.
Fund Manager:
1) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India CRISIL IBX Gilt Index-Apr 2028 Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 22-Feb-2023 |
| Return Since Launch | 8.17% |
| Benchmark | CRISIL IBX Gilt Index – April 2028 |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 28 Cr |
| (As on 31-Dec-2024) | |
| Expense | 0.26% |
| (As on 30-Nov-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of PGIM India CRISIL IBX Gilt-Apr 2028 Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India CRISIL IBX Gilt Index-Apr 2028 Dir | 0.81 | 0.02 | 0.91 | 1.98 | 3.90 | 8.02 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.40 | 0.05 | 0.39 | 1.11 | 2.32 | 4.75 | — | — | — | — |
| Debt: Target Maturity | 0.74 | 0.03 | 0.81 | 1.91 | 4.12 | 8.65 | — | — | — | — |
| Rank within category | 37 | 57 | 31 | 32 | 51 | 65 | — | — | — | — |
| Number of funds in category | 102 | 102 | 102 | 96 | 92 | 89 | 12 | 1 | 0 | 0 |
Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| PGIM India CRISIL IBX Gilt Index-Apr 2028 Dir | Unrated | 8.02 | — | — | 0.26 | 28 | 8.17 | — | 1Y 11M |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 7.93 | 6.00 | — | 0.20 | 9,654 | 5.52 | — | 3Y 4M |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 7.91 | 5.93 | — | 0.22 | 9,335 | 5.85 | 0.15 (30) | 3Y |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 8.40 | 6.13 | — | 0.20 | 8,780 | 5.58 | — | 3Y 4M |
| Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Dir | Unrated | 8.46 | — | — | 0.20 | 7,902 | 5.98 | 0.15 (30) | 2Y 11M |
Portfolio Breakup of PGIM India CRISIL IBX Gilt-Apr 2028 Fund
| Fund | Category | |
| Number of Securities | 2 | 20 |
| Macaulay Duration (yrs) | — | 2.97 |
| Average Maturity (yrs) | 2.80 | 3.60 |
| Yield to Maturity (%) | 6.84 | 7.13 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For PGIM India CRISIL IBX Gilt Index-Apr 2028 Fund
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