This One Year Old Index Fund Has Given Good Returns, Check Out Portfolio

When you're just starting investing, it might be frightening, but you don't have to be an expert at buying stocks or mutual funds to develop your money this way. In reality, to get started, you just need a single investment with disciplined investing. We'll look at one of the greatest possibilities for both novice and seasoned investors below. This Index fund has given good returns since its inception.

IDFC Gilt 2028 Index Fund - Direct Plan-Growth

This index fund was launched last year on 23 March 2021 by the IDFC Mutual Fund. Under the fund's Direct Plan-Growth scheme, its Asset Under Management is stood at Rs 554.54 Crore. The NABV of this scheme dated 8th April 2022 is declared Rs 10.4337. The expense ratio of this scheme is 0.15%, which is less than its category average. 

This fund is an open-ended medium-sized fund of its category. On the risk meter, it is a moderately risky fund. However, this fund has given good returns since its inception. The benchmark of this fund is CRISIL Gilt 2028 Index. For investment in this fund, the minimum amount required is Rs 5,000 for a lump-sum payment and for SIP it is Rs 1,000.

Absolute And Annualised Returns

Since its launch, it has delivered 4.15% average annual returns. In the last 1 year, this fund has given 0.91% absolute and 1.69% annualised returns.

Investment Returns	Absolute Returns	Annualised Returns
3 Month	-0.34%	-
6 Month	0.19%	-
1 Year	3.44%	3.44%
Since Inception	4.34%	4.15%

Portfolio

The fund invests 95.18 per cent of its assets in debt, 95.18 per cent of which is in government securities.

The credit profile of the fund is very good, suggesting that it has been loaned to borrowers of exceptional quality. Because most funds in this category lend to comparable borrowers, the risk of default in this fund is the same as that of the category.

The top two holdings of the fund are in the Government of India and the Reserve Bank of India (RBI).

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 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.