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These 2 Gilt Funds, Ranked 1 By CRISIL Offered More Than 9% Returns
Gilt Funds are financial vehicles that focus on government securities. These securities are issued by the RBI on behalf of the government. These securities have maturities ranging from medium to long term. Because gilt mutual funds invest in the government, they are deemed safe. The interest rate on these assets is set by the RBI, making them low-risk investment alternatives. Long-term maturity schemes are volatile, which means they may be purchased and traded fast because the default risk is essentially non-existent. These funds are not subject to the risk of non-payment of principal or interest. However, there is a greater possibility of interest rate risk.
IDFC G-Sec Fund – Constant Maturity Plan- Direct Plan-Growth
The IDFC G-Sec fund was established on January 2, 2013. The fund invests 95.83% of its assets in debt, 95.83% of which is in government securities as it is a G-Sec Fund. Investors who want to invest money for a longer period of time, but their top focus is the safety of their assets can invest in the fund. The fund aims to provide optimal returns while maintaining high liquidity by investing in government securities with a weighted average portfolio maturity of roughly ten years.
Fund size is INR 282.69 Cr, which is almost 20.06% of investment in the category. The expense ratio of the fund is 0.49%, which is slightly higher than the category average, 0.37%. The fund is moderately risky on the risk level. The fund is ranked One by the CRISIL rating agency.
DSP BlackRock G-Sec – Direct Plan-Growth
The DSP BlackRock Government Securities Fund was established on January 1, 2013. The fund has a debt investment of 69.66%, of which 69.66% is in government securities. This fund is best suited for those who want to invest money for a longer period of time, but their top focus is the safety of their assets. It is an open-ended fund that invests in Central Government Securities to produce returns.
Fund size is INR 431.6 Cr, which is almost 2.18% of investment in the category. The expense ratio of the fund is 0.54%, which is slightly below the category average, 0.6%. The fund is rated moderate risky on the risk meter. The fund is ranked One by the CRISIL with a 5-star rating. The fund has good performance among its peers.
Year Based-Returns
IDFC G-Sec Fund
Period Invested for | ₹10000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|---|---|
| 1 Year | 15/01/21 | 10144 | 1.44% | 1.43% | 1.61% |
| 2 Year | 17/01/20 | 11443.7 | 14.44% | 6.97% | 6.78% |
| 3 Year | 17/01/19 | 13179.3 | 31.79% | 9.63% | 9.03% |
| 5 Year | 17/01/17 | 15492.2 | 54.92% | 9.14% | 7.92% |
| Since Inception | 02/01/13 | 23309.3 | 133.09% | 9.81% |
9.35% |
DSP BlackRock G-Sec Fund
| Period Invested for | ₹10000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|---|---|
| 1 Year | 15/01/21 | 10378.4 | 3.78% | 3.76% | 2.91% |
| 2 Year | 17/01/20 | 11771.8 | 17.72% | 8.49% | 7.17% |
| 3 Year | 17/01/19 | 13357.7 | 33.58% | 10.12% | 8.67% |
| 5 Year | 17/01/17 | 14525.8 | 45.26% | 7.75% | 6.88% |
| Since Inception | 01/01/13 | 21135.4 | 111.35% | 8.62% | 8.69% |
Risks
It is important to know the Mutual Fund risk ratio to have a clear idea about the investment you about to make. Below are the risk ratios of both the funds calculated that offer a clear risk factor about both funds. Ratios calculated on daily returns for the last 3 years (Updated as of 31st December, 2021).
IDFC G-Sec Fund
| Risks Ratio | Risk | Category Average | Fund Ratio |
|---|---|---|---|
| Standard Deviation | low Volatility | 4.11 | 4.11 |
| Beta Ratio | high volatility | 1.62 | 1.25 |
| Sharpe Ratio | better risk-adjusted returns | 1.35 | 1.19 |
| Treynor Ratio | Poor risk-adjusted returns | 0.03 | 0.04 |
| Alpha Ratio | Poor risk-adjusted returns | 0.41 | 0.94 |
DSP BlackRock G-Sec Fund
| Risks Ratio | Risk | Category Average | Fund Ratio |
|---|---|---|---|
| Standard Deviation | high volatility | 3.55 | 3.83 |
| Beta Ratio | high volatility | 0.79 | 0.82 |
| Sharpe Ratio | better risk-adjusted returns | 1.11 | 1.42 |
| Treynor Ratio | better risk-adjusted returns | 0.05 | 0.07 |
| Alpha Ratio | better risk-adjusted returns | 0.05 | 1.31 |
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and conditions carefully before investing. The above-mentioned information is purely informational. The Greynium Information Technologies and the author are not liable for any losses caused as a result of a decision based on the article.
