A mutual fund scheme from the IDFC Mutual Fund, IDFC Government Securities fund investment plan is a Gilt debt scheme managed by Suyash Choudhary (the Fund Manager). It is an open-ended dedicated gilt fund that aims at generating optimum returns over a long-term period. Under the IDFC Government Securities funds – investment plan, investments are made in treasury bills and government securities.
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Let us understand more about the Investment Plan in the IDFC Government Securities fund but first, let us briefly know about the IDFC Government Security fund.
IDFC Government Security fund is an IDFC Mutual Fund scheme prepared by SEBI (Security Exchange Board of India) (Mutual Fund) Regulation Act, 1996, and diligently managed by IDFC Asset Management Company Limited. This moderate risk coverage scheme is suitable for investors who are looking for:
Investment plan – IDFC Government Security Fund
Short-term plan - IDFC Government Security Fund
Provident fund plan - IDFC Government Security Fund
Public subscriptions of these units are not approved or recommended by the Security Exchange Board of India (SEBI). Here we will know in detail about the IDFC Government Security Fund Investment plan scheme.
Here are some highlights of the IDFC Government Security fund investment plan that will help you understand the scheme in a better way.
IDFC Government Security Fund investment plan is an open-ended dedicated gilt fund
The category risk of the IDFC Government Security Fund Investment plan is moderate
The objective of the scheme is to generate optimal returns with high liquidity
Investments are made in treasury bills and government securities
Realization of the scheme objective is not assured
Units can be purchased or redeemed at Net Asset Value (NAV) based prices on all business days
There are two plan options under the IDFC Government Security Fund Investment Plan
Regular plan
Direct plan
Both regular and direct plan options have dividend and growth options
Dividend option offers regular, periodic, quarterly, half-yearly, and yearly
Here are some eligibility conditions and other related details under the IDFC Government Security Fund Investment Plan
Particulars | Details |
Initial Investment | Rs.5,000/- Minimum No limit - Maximum |
Additional Purchases | Rs.1,000/- Minimum No limit - Maximum |
Repurchase | Rs.500/- Minimum No limit - Maximum |
SIP (Systematic Investment plan) | Rs.1000/- Minimum In multiples of Re.1 after Rs.1,000/- (6 installments minimum) |
SWP (Systematic Withdrawal plan) | Rs.500/- Minimum In multiples of Re.1 after Rs.500/- |
STP (Systematic Transfer plan) | Rs.1,000/- Minimum No limit - Maximum |
Minimum Balance to be maintained | Rs.500/- |
Entry / Exit load | Not applicable |
Face Value | Rs.10/- per unit |
Fund Manager | Suyash Choudhary (since October 2010) |
**”The investment risk in investment portfolio is borne by the policyholder”.
The following are the important benefits covered under IDFC Government Security Fund Investment Plan:
The current expense ratio under this plan is 0.62% including GST
There is no exit load in this scheme
Returns on income are taxable as per the tax slab of an individual if the scheme is sold before completion of 3 years
Transaction charges per subscription of Rs.10,000/- and above are deducted by the AMCs
Asset allocation under the IDFC Government Security Fund Investment Plan can be a maximum of 100%
Category | Annualized Returns | |||
1 year | 3 years | 5 years | All-time | |
Fund Returns | 4.80% | 11.90% | 8.80% | 9.80% |
Category Average | 2.50% | 9.30% | 7.80% | - |
Rank within the category | 11 |
1 | 2 | - |
Category | Absolute Returns | |||
1 year | 3 years | 5 years | All-time | |
Fund Returns | 4.80% | 40.10% | 52.30% | 127.70% |
Category Average | 2.50% | 30.40% | 45.20% | - |
Rank within category | 11 | 1 | 2 | - |
Period | Scheme Returns % | Benchmark Returns % | ||
Direct | Regular | Direct | Regular | |
1 year | 14.13 | 13.52 | 10.35 | 10.35 |
3 years | 12.06 | 11.28 | 10.84 | 10.84 |
5 years | - | 10.55 | - | 9.79 |
Since Inception | 10.89 | 8.6 | 9.5 | 8.34 |
NAV (Net Asset Value) | Rs.28.35 /- |
AUM (Asset Under Management) | Rs.1941.367 /- |
Fund charges | 1.24% |
Risk level | Moderate |
A suggested time horizon to invest in IDFC Government Security Fund Investment Plan is more than 5 years for better results and returns. Belonging to the gilt category of mutual funds, IDFC Government Security Fund Investment Plan comes with the moderate risk involved.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.