August 23, 2024
mayank
Union Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.6934
Yearly NAV IDCW: Rs 11.6934
Half Yearly NAV IDCW: Rs 11.6934
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 seeks to generate income through investment in a portfolio comprising of government securities of various maturities.
Fund Manager:
1) Anindya Sarkar
Education: Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
Experience: Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.
2) Parijat Agrawal
Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.
Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Union Gilt Fund
| Fund House | Union Mutual Fund |
| Launch Date | 08-Aug-22 |
| Return Since Launch | 7.97% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 172 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.70% |
| (As on 31-Jul-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Union Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Gilt Dir | 7.04 | 0.01 | 1.30 | 2.92 | 4.88 | 9.83 | — | — | — | — |
| CCIL All Sovereign Bond – TRI | 8.36 | 0.04 | 1.43 | 3.58 | 5.08 | 11.21 | — | — | — | — |
| Debt: Gilt | 7.12 | 0.00 | 1.26 | 2.90 | 4.82 | 9.83 | — | — | — | — |
| Rank within category | 14 | 12 | 11 | 13 | 14 | 13 | — | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 20 | 20 | 20 | 20 |
Peer Comparison of Union 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 | |
| Union Gilt Dir | 1 star | 9.83 | — | — | 0.70 | 172 | 7.97 | — | 2Y |
| SBI Magnum Gilt Dir | 5 star | 10.04 | 7.24 | 7.55 | 0.46 | 8,871 | 9.36 | — | 11Y 7M |
| ICICI Pru Gilt Dir | 5 star | 8.77 | 7.14 | 7.77 | 0.56 | 6,362 | 8.67 | — | 11Y 7M |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 10.24 | 6.88 | 7.49 | 0.40 | 3,311 | 8.43 | — | 11Y 7M |
| Kotak Gilt Investment Dir | 4 star | 10.22 | 6.88 | 7.48 | 0.47 | 3,311 | 8.48 | — | 11Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 5 | 11 |
| Macaulay Duration (yrs) | 9.01 | 8.01 |
| Average Maturity (yrs) | 15.51 | 15.22 |
| Yield to Maturity (%) | 6.98 | 7.08 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Union Gilt Fund
WILL Post Soon
Apply Online: https://unionmf.com/investorlogin/UMFLogin.aspx
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks