August 18, 2023
mayank
Tata Nifty G-Sec Dec 2029 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.4224
NAV IDCW: Rs 10.4224
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 provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Fund Manager:
1) Amit Somani
Education: Mr.Somani is a B.Com, PGDBM and CFA.
Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.
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
| Fund House | Tata Mutual Fund |
| Launch Date | 13-Jan-23 |
| Return Since Launch | 4.22% |
| Benchmark | Nifty G-Sec Dec 2029 |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 164 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.14% |
| (As on 31-Jul-2023) | |
| Risk Grade | — |
| Return Grade | — |
Tata Nifty G-Sec Dec 2029 Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Nifty G-Sec Dec 2029 Index Dir | — | -0.16 | -0.23 | 0.37 | 4.06 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | -0.09 | 0.25 | 1.08 | 2.23 | — | — | — | — | — |
| Debt: Target Maturity | — | -0.12 | -0.02 | 0.74 | 3.88 | — | — | — | — | — |
| Rank within category | — | 66 | 78 | 75 | 16 | — | — | — | — | — |
| Number of funds in category | 60 | 90 | 90 | 90 | 71 | 26 | 3 | 0 | 0 | 0 |
Tata Nifty G-Sec Dec 2029 Index 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 Nifty G-Sec Dec 2029 Index Dir | Unrated | — | — | — | 0.14 | 164 | 4.22 | — | 7M |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 5.77 | — | — | 0.21 | 11,171 | 4.23 | 0.15 (30) | 1Y 6M |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 5.87 | — | — | 0.21 | 10,644 | 3.87 | — | 1Y 10M |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 5.91 | — | — | 0.20 | 10,312 | 5.38 | 0.10 (30) | 2Y 5M |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 5.80 | — | — | 0.20 | 8,992 | 3.75 | — | 1Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 22 |
| Macaulay Duration (yrs) | 4.85 | 3.96 |
| Average Maturity (yrs) | 5.90 | 4.91 |
| Yield to Maturity (%) | 7.31 | 7.39 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Tata Nifty G-Sec Dec 2029 Index Fund
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