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3 Best Gilt Funds That Deliver Higher Than Benchmark Returns In Double Digits
Gilt funds are safe bets for investors because of they being mobilizing their resources in G-securities that are soverign backed and hence not fraught with credit risk. Also, as these funds have been garnering interest as return from them are attractive even in a declining interest rate situation. So, here is elaborated 3 such gilt funds which investors can look upon for good gains:
Before that don't forget that tax aspect cannot be overlooked and one can get a higher return than Bank FDs from such mutual funds.
1. DSP Government Securities Fund- Direct Plan- Growth: This CRISIL 4 star rated fund has an asset size of 561 crores. And its CAGR is 9.9% since inception. NAV of the fund is 73.78 as on November 26, 2020. Objective of the fund is Income generation.
Top instrument in the fund's portfolio is 7.26 % GOI securities with expiry in 2029.
| Fund | 1-year | 3-year | 5-year return in % |
|---|---|---|---|
| DSP Government Securities Fund- Direct Plan- Growth: | 13.78 | 11.06 | 10.5 |
2. Nippon India Gilt Securities Fund PF- Automatic Capital App:
The scheme's 1 year return has been higher than the benchmark at 11.29%. And its NAV was last 30.28. Expense ratio of the fund is 1.6 percent. The benchmark here is CRISIL 10 Year Gilt Index. Type of holdings in the fund include G-Securities and T bills.
| Fund | 1-year | 3-year | 5-year return in % |
| Nippon India Gilt Securities Fund PF- Automatic Capital App | |||
| 11.29 | 9/95 | 10.16 |
3. IDFC Government Securities Fund-Investment Plan-Regular Plan
Fund 1-year 3-year 5-year return in %
| Fund | 1-year | 3-year | 5-year return in % |
|---|---|---|---|
| IDFC Government Securities Fund-Investment Plan-Regular Plan | |||
| 13.92 | 10.87 | 10.10 |
Risk o meter suggest moderate risk in the fund with a return higher than the benchmark at 13.92%. Further for SIP investment minimum sum required is Rs. 1000. The fund is almost Rs. 2104 crore in asset size and carries an expense of 1.23 percent.
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