Rating : ★ ★ ★ ★ ☆

Nippon India Gilt Securities Fund Direct Plan Monthly Dividend Reinvestment Option

Debt

  

Gilt Fund

NAV

11.4865-0.0178

(as on 27 Nov, 2020)

RETURNS

8.9 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Investment Plan

1%

Benchmark

CRISIL Dynamic Gilt TR INR TR INR

Asset Size

1931.46 Cr.

(As of 31 Oct, 2020)

Risk

Moderate

Objective

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government.

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Fund manager

Prashant Pimple

Exit load

0.25 %

(If redeemed within 15 days)

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

6.19% Govt Stock 2034

24.75%

5.77% GOI 2030

23.80%

7.27% Govt Stock 2026

14.25%

5.22% GOI 2025

10.22%

Sector Allocation

About the Scheme Type

Gilt Funds invest in various government bonds and securities, which makes them extremely less risky than all the other investment vehicles. These are ideal for risk-averse newbies as well as small investors because the money invested is in the safe hands of the government. The returns here is based on therepo rate fixed by the RBI, and are usually reasonable and consistent. While there’s not much volatility here, it will be wrong to term it as completely risk-free as the interest rate changes by the government can negatively impact your returns.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of Nippon India Mutual Fund

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Nippon Life Asset Management Ltd are

  • To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
  • To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
  • To take such steps as may be necessary from time to time to realise the effects without any limitation