July 24, 2023
mayank
PGIM India Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 27.7087
NAV IDCW: Rs 14.4419
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-13 |
| Return Since Launch | 7.69% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 134 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.44% |
| (As on 30-Jun-2023) | |
| Risk Grade | Low |
| Return Grade | Average |
PGIM India Gilt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Gilt Dir | 4.75 | 0.01 | 0.46 | 2.03 | 4.27 | 7.31 | 4.76 | 7.53 | 7.04 | 7.65 |
| CCIL All Sovereign Bond – TRI | 5.41 | -0.03 | 0.24 | 2.28 | 4.57 | 10.64 | 4.14 | 8.48 | 7.42 | 8.32 |
| Debt: Gilt | 4.77 | -0.01 | 0.45 | 1.87 | 4.28 | 7.99 | 4.48 | 7.94 | 7.39 | 8.20 |
| Rank within category | 11 | 3 | 12 | 8 | 10 | 15 | 7 | 13 | 15 | 15 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 21 | 20 | 20 | 20 | 19 |
PGIM India Gilt Fund 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 Ind Gilt Dir | 4 star | 7.31 | 4.76 | 7.53 | 0.44 | 134 | 7.69 | — | 10Y 6M |
| SBI Magnum Gilt Dir | 5 star | 9.34 | 5.31 | 8.77 | 0.46 | 6,893 | 9.37 | — | 10Y 6M |
| ICICI Pru Gilt Dir | 5 star | 9.84 | 5.45 | 8.53 | 0.56 | 3,585 | 8.68 | — | 10Y 6M |
| Kotak Gilt Inv Dir | 4 star | 9.37 | 5.15 | 8.61 | 0.40 | 2,416 | 8.37 | — | 10Y 6M |
| Kotak Gilt Inv PF & Trust Dir | 4 star | 9.37 | 5.14 | 8.61 | 0.40 | 2,416 | 8.31 | — | 10Y 6M |
Portfolio Breakup of PGIM India Gilt Fund
| Fund | Category | |
| Number of Securities | 12 | 12 |
| Modified Duration (yrs) | 3.35 | 4.33 |
| Average Maturity (yrs) | 4.6 | 6.46 |
| Yield to Maturity (%) | 7.07 | 7.22 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For PGIM India Gilt Fund
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