20.74% (past 1Y) returns in IDFC Govt. Securities Constant Maturity fund. Invest now!
IDFC Government Securities -Constant Maturity Growth fund (Direct)
Ranked #1 in 10-year Gilt by last 1Y returns
Morningstar rating: ★★★★★
Return Capacity: High
Risk level: Below Average
Category: Debt: Gilt with 10-year Constant Duration
Last 1 yr returns (CAGR): 20.74% (as of August 23, 2019)
Minimum SIP Amount: Rs. 1000
As per SEBI’s circular, gilt funds with constant duration are defined as the funds which invest a minimum 80 percent of the assets in government securities. This fund has invested 94.67% of its assets in the safest instruments known as government securities (which usually gets SOV or Sovereign rating from the credit rating agencies). This means that these securities are backed by the government and are unlikely to default and thus they can be termed as virtually risk-free.
As a SEBI Registered Investment Advisor (INA200005323), we highly recommend you to start a monthly SIP of minimum Rs. 1000 in this fund (to get high returns at low risk with high liquidity).