ICICI Prudential Gilt Fund Direct Growth

ICICI Prudential Gilt Fund Direct Growth

Debt

Direct

Government Bond

NAV as on 02-12-2024

₹ 105.12

0.2%

1D

Inception Returns

8.7%

/yr

About ICICI Prudential Gilt Fund Direct Growth

ICICI Prudential Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Manish Banthia. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Gilt Fund Direct Growth has ₹6733 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

ICICI Prudential Gilt Fund Direct Growth has given a CAGR return of 8.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.27%, 6.84% and 7.98% respectively.

Holdings

ICICI Prudential Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.93% Govt Stock 2033, 182 DTB 28112024, 91 DTB 28112024, 182 DTB 26122024

Taxation

As it is a government bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of ICICI Prudential Gilt Fund Direct Growth

To generate income primarily through investment in Gilts of various maturities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Gilt Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
500 people have invested ₹ 2.9Cr in ICICI Prudential Gilt Fund Direct Growth in the last three months

ICICI Prudential Gilt Fund Direct Growth Overview

Expense ratio0.56%
Benchmark
ICICI Securities Mibex TR INR
AUM₹6733 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
148.01%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (02-Dec-24)

Period
ICICI Prudential Gilt Fund Direct Growth
Government Bond Index
1M
1%
0.8%
3M
2.2%
2%
6M
4.6%
4.7%
1Y
9.3%
10%
3Y
6.8%
5.9%
5Y
8%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
64.4%
Cash Equivalent
35.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 6.7K Cr
₹ 6.6K Cr
₹ 6.4K Cr
  • AUM of the fund stands at 6.7K Cr as of Oct'24
  • AUM increased by 59.1 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 46.6% to 34.7%
Cash allocation has gone down from 46.6% to 34.7%
Debt allocation has gone up from 53.4% to 65.3%
Debt allocation has gone up from 53.4% to 65.3%

Top Sector in October was Government

Oct'24
Government
64%
Sep'24
Government
53%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
43.62%
19.6%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
15.1%
0%
182 DTB 28112024
182 DTB 28112024
4.45%
0%
91 DTB 28112024
91 DTB 28112024
4.08%
0%
182 DTB 26122024
182 DTB 26122024
3.69%
0%
Loading...
We are taking more time than usual
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Gilt Fund Direct Growth, since 22 January 2024
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 7.0% growth in AUM moving from 6.29K Cr to 6.73K Cr.
Insights icon
In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 13.03% return, outperforming this fund by 3.76%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
In the last 3 years, SBI Magnum Gilt Fund Direct Growth has given 7.45% return, outperforming this fund by 0.62% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (government bond). Its expense ratio is 0.56% which is lower than the category average expense ratio of 0.8%.

ICICI Prudential Gilt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.68% since inception which is more than its category average return of 6.97%
AUM size ₹6733 Cr

AUM size ₹6733 Cr

This fund has AUM of ₹6733 Cr which is more than its category average of ₹ 1859 Cr
Expense Ratio 0.56%

Expense Ratio 0.56%

This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 0.88%

Frequently Asked Questions for ICICI Prudential Gilt Fund Direct Growth

The current NAV of ICICI Prudential Gilt Fund Direct Growth is ₹105.12 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
ICICI Prudential Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.95%
0.95%
6 Month Returns
4.63%
4.63%
1 Year Returns
9.27%
9.27%
3 Years Returns
21.95%
6.84%
5 Years Returns
46.81%
7.98%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.56% as on November 2024
₹6733 Cr as on November 2024
7.1% Govt Stock 2034(43.62%), 7.93% Govt Stock 2033(15.1%), 182 DTB 28112024(4.45%), 91 DTB 28112024(4.08%), 182 DTB 26122024(3.69%) as on November 2024
Yield to Maturity is 6.88 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.61 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Manish Banthia is the fund manager of ICICI Prudential Gilt Fund Direct Growth
The Exit load of ICICI Prudential Gilt Fund Direct Growth is 0%