PGIM India Gilt Fund Direct Growth

PGIM India Gilt Fund Direct Growth

Debt

Direct

Government Bond

NAV as on 06-12-2024

₹ 31.36

-0.4%

1D

Inception Returns

7.9%

/yr

About PGIM India Gilt Fund Direct Growth

PGIM India Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Bhupesh Kalyani, Puneet Pal. This fund is suitable to keep your money safe.

Key Parameters

  1. PGIM India Gilt Fund Direct Growth has ₹116 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

PGIM India Gilt Fund Direct Growth has given a CAGR return of 7.86% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.73%, 6.72% and 7.11% respectively.

Holdings

PGIM India Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.23% Govt Stock 2039, 7.3% Govt Stock 2053, 7.1% Govt Stock 2034, 7.09% Govt Stock 2054, 7.18% Govt Stock 2037

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 PGIM India Gilt Fund Direct Growth

To seek to generate reasonable returns by investing in Central/State Government securities of various maturities.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
8 people have invested ₹ 91K in PGIM India Gilt Fund Direct Growth in the last three months

PGIM India Gilt Fund Direct Growth Overview

Expense ratio0.5%
Benchmark
ICICI Securities Mibex TR INR
AUM₹116 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
618.09%
STCGSelling mutual fund 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 (06-Dec-24)

Period
PGIM India Gilt Fund Direct Growth
Government Bond Index
1M
0.6%
0.6%
3M
1.8%
1.7%
6M
5%
4.5%
1Y
10.7%
9.5%
3Y
6.7%
5.9%
5Y
7.1%
6.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
95.5%
Cash Equivalent
4.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 116.5 Cr
₹ 116.6 Cr
₹ 115.3 Cr
  • AUM of the fund stands at 116.5 Cr as of Oct'24
  • AUM decreased by 0.1 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 12.6% to 4.5%
Cash allocation has gone down from 12.6% to 4.5%
Debt allocation has gone up from 87.4% to 95.5%
Debt allocation has gone up from 87.4% to 95.5%

Top Sector in October was Government

Oct'24
Government
96%
Sep'24
Government
87%
  • Debt & Cash

Holdings
Weight%
1M Change
7.23% Govt Stock 2039
7.23% Govt Stock 2039
23.62%
49.2%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
21.67%
-19.7%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
13.09%
33.3%
7.09% Govt Stock 2054
7.09% Govt Stock 2054
11.32%
0%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
9.46%
0%
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Bhupesh Kalyani
Bhupesh Kalyani
Fund Manager of PGIM India Gilt Fund Direct Growth, since 13 September 2022
Puneet Pal
Puneet Pal
Fund Manager of PGIM India Gilt Fund Direct Growth, since 13 December 2017
Fund House
PGIM India Asset Management Private Limited
Total Schemes
Total AUM
₹29.17K Cr
as on 31-Oct-2024
Address
PGIM India Asset Management Private Limited,Nirlon House, 2nd Floor,,Dr. Annie Besant Road,,Worli,
Phone
+912271584300
Website
mailmanager@karvy.com

Mutual Fund Insights

Insights icon
In the last 3 years, SBI Magnum Gilt Fund Direct Growth has given 7.39% return, outperforming this fund by 0.67% per annum.
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%.
Insights icon
Over the last 6 months, this fund has experienced a 3.7% drop in AUM moving from 120.88 Cr to 116.42 Cr.
Insights icon
In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 8.16% return, outperforming this fund by 1.05% per annum.
Insights icon
In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 12.36% return, outperforming this fund by 1.63%.

PGIM India 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 7.86% since inception which is more than its category average return of 6.95%
AUM size ₹116 Cr

AUM size ₹116 Cr

This fund has AUM of ₹116 Cr which is less than its category average of ₹ 1863 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 PGIM India Gilt Fund Direct Growth

The current NAV of PGIM India Gilt Fund Direct Growth is ₹31.36 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
PGIM India Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.56%
0.56%
6 Month Returns
5.03%
5.03%
1 Year Returns
10.73%
10.73%
3 Years Returns
21.55%
6.72%
5 Years Returns
40.96%
7.11%
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.
0.5% as on November 2024
₹116 Cr as on November 2024
7.23% Govt Stock 2039(23.62%), 7.3% Govt Stock 2053(21.67%), 7.1% Govt Stock 2034(13.09%), 7.09% Govt Stock 2054(11.32%), 7.18% Govt Stock 2037(9.46%) as on November 2024
Yield to Maturity is 6.99 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 8.91 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Bhupesh Kalyani, Puneet Pal are the fund managers of PGIM India Gilt Fund Direct Growth
The Exit load of PGIM India Gilt Fund Direct Growth is 0%