Bandhan Government Securities Fund - Constant Maturity Plan§ 
Satellite Bucket
An open ended debt scheme investing in government securities having a constant maturity of 10 years with Relatively High interest rate risk and Relatively Low Credit Risk.
31st December 2023
Bandhan Government Securities Fund - Constant Maturity Plan§ Satellite Bucket
An open ended debt scheme investing in government securities having a constant maturity of 10 years with Relatively High interest rate risk and Relatively Low Credit Risk.
31st December 2023|
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Category: Gilt Fund with 10 year constant duration
: ₹ 308.91 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 316.83 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
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An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
^^Mr. Sreejith Balasubramanian will be managing overseas investment portion of the scheme.
Other Parameter:
| Standard Deviation (Annualized)
Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. | 2.54% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 7.21 years |
| Average Maturity | 11.18 years |
| Macaulay Duration | 7.48 years |
| Yield to Maturity
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. | 7.35% |
| Expense Ratio | |
| Regular | 0.52% |
| Direct | 0.30% |
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Both the Plans under the Scheme have Growth & IDCW@ Option. IDCW@ Option under the Scheme offers Quarterly, Half yearly, Annual, Regular and Periodic frequency (each with payout, reinvestment and sweep facility).
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Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
NAV (₹) as on December 29, 2023
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 39.6311 |
| Regular Plan | IDCW@ | Quarterly | 11.3061 |
| Regular Plan | IDCW@ | Annual | N.A |
| Regular Plan | IDCW@ | Periodic | 14.1869 |
| Regular Plan | IDCW@ | Weekly | 10.2042 |
| Regular Plan | IDCW@ | Monthly | 10.4271 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
| Name | Rating | % of NAV |
| Government Bond | 96.62% | |
| 7.18% - 2037 G-Sec | SOV | 56.26% |
| 7.18% - 2033 G-Sec | SOV | 15.78% |
| 6.54% - 2032 G-Sec | SOV | 15.29% |
| 7.1% - 2029 G-Sec | SOV | 7.88% |
| 8.24% - 2027 G-Sec | SOV | 0.71% |
| 6.79% - 2027 G-Sec | SOV | 0.48% |
| 7.17% - 2028 G-Sec | SOV | 0.22% |
| Net Cash and Cash Equivalent | 3.38% | |
| Grand Total | 100.00% |
Performance based on NAV as on 29/12/2023 Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns.
##Alternate Benchmark Returns.
*Inception Date of Regular Plan - Growth Mar 09, 2002.
Scheme risk-o-meter
Investors understand that their principal will be at Moderate risk
This product is suitable for investors who are seeking*
- To generate optimal returns over long term.
- Investments in Government Securities such that the average maturity of the portfolio is around 10 years.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
CRISIL 10 year Gilt Index
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Standard Deviation calculated on the basis of 1 year history of monthly data Gsec/SDL yields have been annualized wherever applicable
^The fund is repositioned w.e.f. May 28, 2018
ßCurrent Index performance adjusted for the period from since inception to May 28, 2018 with the performance of I-Sec Si Bex (Benchmark).
Yields for GSec/SDLs have been annualized wherever applicable.
§With effect from 13th March 2023, the name of "IDFC Government Securities Fund - Constant Maturity Plan" has changed to "Bandhan Government Securities Fund - Constant Maturity Plan".
