Can you throw some light on performance of government gilt funds?
Answer
Answer
Check the table below to understand the rankings.
Scheme Name
Benchmark
Return 1 Year (%) Regular
Return 1 Year (%) Direct
Return 1 Year (%) Benchmark
Return 3 Year (%) Regular
Return 3 Year (%) Direct
Return 3 Year (%) Benchmark
Return Since Launch Regular
Return Since Launch Direct
Return Since Launch Benchmark
Aditya Birla Sun Life Government Securities Fund
NIFTY All Duration G-Sec Index
10.63
11.30
10.25
7.72
8.32
6.96
8.98
10.08
Axis Gilt Fund
NIFTY All Duration G-Sec Index
11.89
12.40
10.25
6.50
7.04
6.96
7.40
7.96
8.01
Baroda Gilt
I-SEC Mi-BEX Index
8.62
9.43
9.90
5.84
6.70
7.62
6.47
8.78
Canara Robeco Gilt Fund
CRISIL Dynamic Gilt Total Return Index
9.56
10.28
9.77
6.22
6.88
6.59
8.87
9.30
8.92
DSP Government Securities
I-SEC Li-BEX Index
12.15
12.82
11.34
7.27
8.08
7.79
9.72
8.76
10.93
Edelweiss Government Securities
CRISIL Dynamic Gilt Total Return Index
10.36
10.92
9.77
7.40
7.92
6.59
9.20
9.72
9.64
Franklin India Government Securities Fund
I-SEC Li-BEX Index
7.62
8.28
11.34
4.34
5.23
7.79
8.53
8.28
9.03
HDFC Gilt Fund
CRISIL Dynamic Gilt Total Return Index
8.50
8.90
9.77
5.45
5.85
6.59
7.72
8.55
8.33
ICICI Prudential Gilt Fund
CRISIL Dynamic Gilt Total Return Index
10.72
11.28
9.77
6.84
7.42
6.59
9.96
9.26
9.13
IDBI Gilt
CRISIL Dynamic Gilt Total Return Index
7.36
8.17
9.77
4.05
5.03
6.59
6.86
7.48
8.41
IDFC GSF Investment
CRISIL Dynamic Gilt Total Return Index
12.98
13.58
9.77
8.20
8.82
6.59
8.48
9.99
7.67
Invesco India Gilt Fund
CRISIL 10-Year Gilt
9.72
10.55
9.54
5.91
6.71
5.47
6.42
8.55
6.66
Kotak Gilt Investment
NIFTY All Duration G-Sec Index
9.46
10.57
10.25
6.26
7.35
6.96
9.54
8.94
Kotak Gilt Investment
NIFTY All Duration G-Sec Index
9.46
10.57
10.25
6.26
7.35
6.96
7.49
8.94
5.96
LIC MF GSF
I-SEC Composite Index
10.92
11.69
10.27
6.58
7.47
7.63
7.60
8.42
LIC MF GSF
I-SEC Composite Index
10.92
10.27
6.57
7.63
5.92
7.66
L&T Gilt Fund
CRISIL Dynamic Gilt Total Return Index
7.90
9.23
9.77
5.17
6.61
6.59
8.36
10.19
8.85
Nippon India Gilt Securities Inst
CRISIL Dynamic Gilt Total Return Index
12.08
13.09
9.77
8.17
9.26
6.59
6.29
10.76
7.05
Nippon India Gilt Securities Inst
CRISIL Dynamic Gilt Total Return Index
12.08
13.09
9.77
8.17
9.26
6.59
9.05
10.76
8.75
PGIM India Gilt
I-SEC Mi-BEX Index
9.80
10.37
9.90
6.86
7.35
7.62
7.28
8.51
8.73
SBI Magnum Gilt Fund
CRISIL Dynamic Gilt Total Return Index
12.82
13.30
9.77
7.54
8.09
6.59
8.27
10.52
8.76
Tata GSF
CRISIL Dynamic Gilt Total Return Index
9.24
10.06
9.77
6.00
7.06
6.59
8.93
9.20
9.15
UTI Gilt Fund
CRISIL Dynamic Gilt Total Return Index
11.40
11.71
9.77
7.63
7.92
6.59
8.72
9.72
7.82
As can be seen, it is largely about individual performance and smart managers ride the yield curve shifts quite smartly.