January 30, 2025
mayank
PGIM India Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 31.5676
NAV IDCW: Rs 14.4718
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 aims to generate returns by investing in a portfolio of Central/State Government securities of various maturities.
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) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India Gilt Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-2013 |
| Return Since Launch | 7.84% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 115 Cr |
| (As on 31-Dec-2024) | |
| Expense | 0.50% |
| (As on 31-Dec-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) of PGIM India Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India Gilt Dir | 0.69 | -0.05 | 1.00 | 1.67 | 4.07 | 9.94 | 7.17 | 6.99 | 7.50 | 7.56 |
| CCIL All Sovereign Bond – TRI | 0.78 | -0.19 | 1.05 | 1.87 | 4.23 | 10.67 | 7.87 | 7.26 | 8.18 | 7.95 |
| Debt: Gilt | 0.75 | -0.08 | 1.02 | 1.77 | 4.09 | 9.48 | 7.11 | 7.09 | 7.86 | 7.73 |
| Rank within category | 20 | 5 | 18 | 14 | 9 | 7 | 11 | 11 | 13 | 13 |
| Number of funds in category | 23 | 24 | 23 | 23 | 23 | 23 | 21 | 20 | 20 | 20 |
Peer Comparison of PGIM India Gilt Fund
| 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 Gilt Dir | 4 star | 9.94 | 7.17 | 6.99 | 0.50 | 115 | 7.84 | — | 12Y |
| SBI Magnum Gilt Dir | 5 star | 9.45 | 7.75 | 7.61 | 0.46 | 11,265 | 9.26 | — | 12Y |
| ICICI Pru Gilt Dir | 5 star | 8.85 | 7.98 | 7.87 | 0.56 | 6,811 | 8.64 | — | 12Y |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 9.41 | 7.41 | 7.75 | 0.40 | 4,442 | 8.36 | — | 12Y |
| Kotak Gilt Investment Dir | 4 star | 9.39 | 7.41 | 7.75 | 0.47 | 4,442 | 8.41 | — | 12Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 13 | 13 |
| Macaulay Duration (yrs) | — | 8.27 |
| Average Maturity (yrs) | 18.31 | 17.38 |
| Yield to Maturity (%) | 0.00 | 6.98 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For PGIM India Gilt Fund
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