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This Gilt Fund With 10 Year Constant Duration Has Given 9.28% Annual Average Returns

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Gilt funds with a 10-year constant maturity are debt funds that invest in government securities with a ten-year constant maturity. It invests in central and state government securities having a 10-year Macaulay term. It may provide a better return than medium duration funds. The strategy we've presented here tries to produce income largely by investing in a portfolio of government securities while keeping the portfolio's Macaulay duration around 10 years.

 

ICICI Prudential Constant Maturity Gilt Fund - Direct Plan-Growth

ICICI Prudential Constant Maturity Gilt Fund - Direct Plan-Growth

This Gilt With 10 Year Constant Duration Mutual Fund scheme was launched on 12th September 2014 by the ICICI Prudential Mutual Fund. It is an open-ended medium-sized fund of its category. The Asset Under Management (AUM) of this scheme is Rs 310.72 Crore. The Fund has a Net Asset Value (NAV). Its expense ratio is 0.23%. The current expense ratio is less than its category average expense ratio. 

It is ranted moderate risky fund for investment. For investment in this fund, the minimum amount required is Rs 5,000 for a lump-sum payment. Whereas, for SIP, it is Rs 1,000. This has no lock-in period as well as there is no exit load. Its benchmark is CRISIL 10-Year Gilt. 

 

Absolute And Annualised Returns
 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its launch, it has delivered 9.28% average annual returns.

Investment PeriodAbsolute ReturnsAnnualised Returns
1 Year2.00%1.99%
2 Year9.11%4.46%
3 Year28.34%8.64%
5 Year47.59%8.09%
Since Inception96.55%9.28%

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year-0.78%-1.45%
2 Year1.56%1.50%
3 Year7.03%4.46%
5 Year19.98%7.22%
Portfolio

Portfolio

Fund has 98.09% investment in Debt of which 98.08% in Government securities, which also makes the Government of India it's top holding.

The credit profile of the fund is very good, suggesting that it has been loaned to borrowers of exceptional quality. Because the majority of funds in this category lend to stronger borrowers, the risk of default in this fund is higher than in the category.

Disclaimers

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 and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

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