Gilt funds firm up - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Gilt funds firm up

Nov 16, 2000

Oblivious to the volatility in stock markets, gilt (government securities) funds have witnessed a steady appreciation over the past few weeks. Gilt prices have remained firm for quite some time now and this has seen gilt fund NAVs (net asset values) inch upwards steadily.

Open-ended,
Gilt Funds
NAV
(Rs)
Last
week
Last
month
Last
year
Since incep.
(CAGR)
Chola Gilt (Inv)(Gr) 10.46 0.70% 2.50% 0.00% 7.20%
K Gilt Serial 2007 (Gr) 11.3 0.50% 2.00% 12.90% 12.90%
Tata Gilt Sec. B (App) 11.8 0.40% 2.30% 15.30% 15.10%
Templeton Govt Sec (Gr) 11.98 0.30% 1.80% 13.40% 13.80%
DSP ML G-Sec. Fund A(Gr) 11.44 0.30% 1.70% 12.40% 12.60%
Pru ICICI Gilt(IP)(Gr) 11.55 0.30% 1.80% 12.00% 12.10%
Tata Gilt Sec. A (Reg) 10.59 0.30% 2.10% 14.40% 13.90%
K Gilt Serial 2003 (Gr) 11.26 0.30% 1.50% 11.20% 11.70%
K Gilt Investment (Gr) 12.3 0.30% 1.60% 10.80% 11.60%
Zurich(I) Sov Gilt (PT)(Gr) 10.32 0.30% 1.30% 0.00% 4.60%
K Gilt Serial 2005 (Gr) 10.28 0.30% 1.70% 2.60% 2.70%
Zurich(I) Sov Gilt (IP)(Gr) 10.46 0.30% 1.10% 0.00% 5.90%
Birla Gilt Plus Inv. (Gr) 11.1 0.30% 1.20% 9.80% 10.20%
Birla Gilt Plus (LT) (Gr) 11.36 0.30% 1.10% 12.10% 12.40%
JM G-Sec (PFP) (Gr) 11.73 0.30% 2.10% 15.80% 15.40%
Birla Gilt Plus Liquid (Gr) 11.24 0.30% 1.00% 10.50% 11.40%
JM G-Sec (RP) (Gr) 11.59 0.30% 2.00% 14.10% 14.10%
Alliance Govt.Sec.(LT)(Gr) 1,104.68 0.30% 1.00% 10.50% 10.40%
Cangilt PGS (Gr) 10.86 0.30% 1.10% 0.00% 10.10%
(The above table only shows gilt funds that have risen by 0.3% and more in the last week)

Over the week, gilt funds have even outperformed their growth fund counterparts as the latter have been a victim of increasing volatility in the stock market. What is even more noteworthy is that gilt funds in our sample have posted a rise over the last 12 months, unlike growth funds which have mostly slumped in this period.

Open-ended,
Growth Funds
NAV
(Rs)
Last
week
Last
month
Last
year
Since incep.
(CAGR)
GIC Growth Plus II 13.93 1.60% 3.80% -1.00% 6.60%
Canbonus 9.58 0.80% 7.30% -26.40% 1.80%
K P Bluechip (Gr) 22 0.50% 8.60% 10.00% 28.00%
GIC Fortune 1994 6.33 0.50% 5.50% -23.70% -6.80%
GIC D'MAT 7.76 0.40% 7.60% -26.50% -27.90%
Zurich(I) Capital Builder 9.68 0.40% 2.20% -18.00% 2.80%
Mastergrowth 1993 16.49 0.20% 8.50% -13.70% 7.60%
Reliance Vision Fund 17.88 -0.10% 1.00% -9.70% 11.70%
K MNC 9.13 -0.50% 7.70% 0.00% -2.50%
Canexpo 17.72 -0.60% 9.10% 3.70% 11.10%
Boinanza Exclusive Gr 6.82 -0.70% 8.40% -21.70% -4.30%
K P Prima Plus (Gr) 21.03 -0.70% 7.30% -6.40% 14.70%
UGS 10000 10.52 -0.70% 5.40% -17.60% 2.70%
Mastergain 1992 10.62 -0.70% 5.10% -18.60% 2.30%
Sun F & C Value (Div) 15.79 -0.80% 7.80% 0.00% -36.40%
Sun F & C Value (Gr) 19.26 -0.80% 7.80% -13.40% 25.60%
K P Prima Plus (Div) 15.55 -0.80% 7.30% -6.40% 14.60%
JM Equity Fund (Gr) 9.98 -0.90% 6.90% -17.40% 0.60%
Canglobal 6.99 -0.90% 4.30% -28.90% 5.50%
(The above table only shows diversified growth funds that have risen by 0.3% and more in the last week)

Steady gilt prices is an indication of a favourable outlook on the interest rate scenario. It implies that investors do not see an interest rate hike in the offing, and this has kept bond yields at lower levels.

Equitymaster requests your view! Post a comment on "Gilt funds firm up ". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for (Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

6 Penny Stocks that Rallied 1,000%+ in One Year (Views On News)

Dec 6, 2021

These penny stocks shed their penny status by surging 1,000% or more in the last one year.

The Biggest Winners and Losers in India's Transition to Electric Vehicles (Profit Hunter)

Nov 26, 2021

How India's EV transition could be a major headwind for the incumbents.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS