Nippon India Gilt Securities Fund Direct Growth

Nippon India Gilt Securities Fund Direct Growth

Debt

Direct

Government Bond

NAV as on 03-12-2024

₹ 41.16

0.4%

1D

Inception Returns

9.2%

/yr

About Nippon India Gilt Securities Fund Direct Growth

Nippon India Gilt Securities Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Pranay Sinha, Kinjal Desai. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Gilt Securities Fund Direct Growth has ₹2094 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Nippon India Gilt Securities Fund Direct Growth has given a CAGR return of 9.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.16%, 6.61% and 7.11% respectively.

Holdings

Nippon India Gilt Securities Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 7.09% Govt Stock 2054, 7.18% Govt Stock 2033

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 Nippon India Gilt Securities Fund Direct Growth

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Gilt Securities Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
290 people have invested ₹ 55.4L in Nippon India Gilt Securities Fund Direct Growth in the last three months

Nippon India Gilt Securities Fund Direct Growth Overview

Expense ratio0.5%
Benchmark
ICICI Securities Mibex TR INR
AUM₹2094 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
293.51%
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 (03-Dec-24)

Period
Nippon India Gilt Securities Fund Direct Growth
Government Bond Index
1M
0.8%
0.8%
3M
2.2%
2%
6M
5%
4.7%
1Y
11.2%
10%
3Y
6.6%
5.9%
5Y
7.1%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
98.1%
Cash Equivalent
1.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.2K Cr
₹ 2K Cr
₹ 1.9K Cr
  • AUM of the fund stands at 2.2K Cr as of Oct'24
  • AUM increased by 185.3 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 3.5% to 1.9%
Cash allocation has gone down from 3.5% to 1.9%
Debt allocation has gone up from 96.5% to 98.1%
Debt allocation has gone up from 96.5% to 98.1%

Top Sector in October was Government

Oct'24
Government
98%
Sep'24
Government
96%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
15.04%
-6.8%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
13.38%
14.9%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
11.35%
0%
7.09% Govt Stock 2054
7.09% Govt Stock 2054
8.41%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
7.29%
26.9%
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Pranay Sinha
Pranay Sinha
Fund Manager of Nippon India Gilt Securities Fund Direct Growth, since 31 March 2021
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Gilt Securities Fund Direct Growth, since 31 October 2021
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
In the last 3 years, SBI Magnum Gilt Fund Direct Growth has given 7.45% return, outperforming this fund by 0.84% per annum.
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In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.98% return, outperforming this fund by 0.87% per annum.
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In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 13.03% return, outperforming this fund by 1.87%.
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Over the last 3 months, this fund has experienced a 21.6% growth in AUM moving from 1.72K Cr to 2.09K Cr.
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Over the last 6 months, this fund has decreased expense ratio by 20.6% moving from 0.63 to 0.50.
Insights icon
This fund expense ratio is slightly on the lower side within the category (government bond). Its expense ratio is 0.5% which is lower than the category average expense ratio of 0.8%.

Nippon India Gilt Securities 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 9.22% since inception which is more than its category average return of 6.97%
AUM size ₹2094 Cr

AUM size ₹2094 Cr

This fund has AUM of ₹2094 Cr which is more than its category average of ₹ 1859 Cr
Expense Ratio 0.5%

Expense Ratio 0.5%

This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 0.88%

Frequently Asked Questions for Nippon India Gilt Securities Fund Direct Growth

The current NAV of Nippon India Gilt Securities Fund Direct Growth is ₹41.16 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Nippon India Gilt Securities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
4.98%
4.98%
1 Year Returns
11.16%
11.16%
3 Years Returns
21.17%
6.61%
5 Years Returns
40.99%
7.11%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.5% as on November 2024
₹2094 Cr as on November 2024
7.1% Govt Stock 2034(15.04%), 7.34% Govt Stock 2064(13.38%), 7.3% Govt Stock 2053(11.35%), 7.09% Govt Stock 2054(8.41%), 7.18% Govt Stock 2033(7.29%) as on November 2024
Yield to Maturity is 7.04 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 9.29 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Pranay Sinha, Kinjal Desai are the fund managers of Nippon India Gilt Securities Fund Direct Growth
The Exit load of Nippon India Gilt Securities Fund Direct Growth is 0.25%