August 17, 2023
mayank
Tata Gilt Securities Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 74.5487
NAV IDCW Quarterly: Rs 20.9892
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 is a dedicated gilt fund which would invest in G-Secs to generate risk-free return and provide medium-to-long term capital gains.
Fund Manager:
1) Akhil Mittal
Education: Mr. Mittal is B.Com (H) and MBA from University Business School.
Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Tata Gilt Securities Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.05% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 276 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.97% |
| (As on 30-Jun-2023) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Tata Gilt Securities Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata GSF Dir | 6.06 | 0.10 | 0.37 | 1.02 | 5.22 | 7.80 | 4.38 | 7.63 | 6.66 | 8.51 |
| CCIL All Sovereign Bond – TRI* | 5.03 | -0.01 | -0.03 | -0.11 | 4.25 | 8.60 | 4.13 | 8.29 | 6.95 | 8.68 |
| Debt: Gilti* | 4.75 | 0.01 | 0.13 | 0.91 | 4.16 | 7.01 | 4.63 | 7.85 | 7.02 | 8.61 |
| Rank within category* | 1 | 1 | 2 | 7 | 1 | 5 | 11 | 12 | 16 | 11 |
| Number of funds in category* | 23 | 23 | 23 | 23 | 23 | 21 | 20 | 20 | 20 | 19 |
Tata Gilt Securities 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 | |
| Tata GSF Dir | 3 star | 7.80 | 4.38 | 7.63 | 0.97 | 276 | 8.05 | — | 10Y 7M |
| SBI Magnum Gilt Dir | 5 star | 8.82 | 5.42 | 8.68 | 0.46 | 7,060 | 9.30 | — | 10Y 7M |
| ICICI Pru Gilt Dir | 5 star | 9.14 | 5.74 | 8.51 | 0.56 | 4,001 | 8.66 | — | 10Y 7M |
| Kotak Gilt Inv Dir | 4 star | 8.33 | 5.36 | 8.53 | 0.42 | 2,388 | 8.33 | — | 10Y 7M |
| Kotak Gilt Inv PF & Trust Dir | 4 star | 8.33 | 5.36 | 8.53 | 0.40 | 2,388 | 8.27 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 11 |
| Macaulay Duration (yrs) | 7.42 | 4.65 |
| Average Maturity (yrs) | 12.99 | 6.61 |
| Yield to Maturity (%) | 7.30 | 7.24 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Tata Gilt Securities Fund
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