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Gilt Funds

Gilt Funds - Invset Online

 

The flows into gilt funds have risen lately due to a number of favourable factors, including removal or reduction of exit load

 

In March 2015, 41 gilt funds have attracted assets of R14,140 crore. This can be attributed to a number of reasons. First, since the RBI looks poised to cut interest rates, fund managers are locking in higher rates. Second, income funds are moving money into G-secs. Finally, reduction or complete removal of exit load on gilt funds has also boosted flows into G-secs. Also, in some cases the cut off period for the levy of exit load has been reduced.

 

Exit load is the fees charged by mutual funds at the time of redemption, especially before a certain period. This charge is calculated as a percentage of the amount invested. The two accompanying tables detail the change in AUMs and exit loads (tenure) of gilt funds.

 

Indiabulls Gilt fund is the only fund which has increased its load percentage as well as exit load tenure to 1 per cent for redemption within one year. Earlier there was no exit load.

 

Gilt Fund AUM (Rcr)

Scheme name

Mar-15

Dec-14

Difference

HDFC Gilt-LT Plan

2464.88

988.04

1477

SBI Magnum Gilt-LT Plan

1233.26

515.21

718

ICICI Prudential LT Gilt

1585.27

1044.58

541

Kotak Gilt Investment

833.01

445.22

388

Reliance Gilt Securities

1012.8

651.78

361

IDFC Govt Securities-Inv Plan

1050.9

705.85

345

UTI Gilt Advantage LT Plan

613

273.99

339

ICICI Pru Gilt-Inv Plan-PF Option

776.67

445.42

331

BSL Govt Securities-LT Plan

888.88

646.16

243

JP Morgan India Govt Securities

797.04

638.03

159

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