Invest in DSP Gilt Fund: Secure Government Bonds for Growth

DSP Gilt Fund

Total AUM

₹1,565.83 crores
as of Mar 31, 2025

Age of Fund

25 years 6 months since Sep 30, 1999

Expense Ratio

1.16%
as of Apr 22, 2025

Exit Load

Nil

Ideal holding period

3 Years+

Portfolio as of Mar 31, 2025

Debt 100.0%

Indian (100.0%)

Credit rating profile	Weight %
SOVEREIGN	98.5 %
Cash & Equivalent	1.5 %

Instrument break-up	Weight %
Government Securities (Central/State)	98.5 %
TREPS	1.5 %

Holdings	Weight %
7.34% GOI 2064	36.4 %
7.30% GOI 2053	30.7 %
7.14% Maharashtra SDL 2039	9.9 %
7.26% Maharashtra SDL 2050	6.6 %
7.09% GOI 2054	6.6 %
8.17% GOI 2044	3.8 %
Cash & cash equivalents	1.9 %
7.77% Madhya Pradesh SDL 2047	1.7 %
TREPS / Reverse Repo Investments	1.5 %
7.22% Maharashtra SDL 2049	1.0 %
	100.0 %

Indicators

Yield to Maturity

7.04 %

Modified Duration

11.50 Years

Portfolio Macaulay Duration

11.90 Years

Average Maturity

29.24 Years

Performance

Performance highlights over last

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investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

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Good Returns

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vs Fixed Deposit

vs Category

vs Benchmark

Historical Returns (As per SEBI format)as of with investment of₹10,000

	This fund		Crisil Dynamic Gilt Index ^{^}		CRISIL 10 Year Gilt In… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	Face Value	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

Crisil Dynamic Gilt In…

CRISIL 10 Year Gilt In…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: Sep 30, 1999.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

Pursuant to payments of Income Distribution cum Capital Withdrawal, the NAV of the IDCW option(s) of Schemes would fall to the extent of payout, and statutory levy, if any.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Gilt Fund?

DSP Gilt Fund invests in debt securities issued by the Government of India, with a portfolio duration of 1-10 years.
It invests 100% in sovereign debt (the highest quality debt securities available in the Indian market, considered to be safe havens even during periods of economic turmoil as they carry little risk of default).
It is a highly liquid portfolio with actively managed portfolio duration based on future interest rate movement predictions (lower duration in rising interest rates market and vice versa).

Why should one invest in DSP Gilt Fund?

This is a quality debt fund, since the entire portfolio is made of government-backed securities.
Can help you navigate rising or falling interest rate scenarios.
Earn potentially better returns than bank FDs.
Suitable for long term & relatively safe debt allocation for a 5 year+ investment horizon.

Who should invest in DSP Gilt Fund?

Consider this fund if you
- Prefer the stability of the debt market but are okay to expose yourself to interest rate risk.
- Understand and trust the fund manager's ability to judge the direction of interest rates.
- Don't want to expose yourself to credit risk.
- Understand the basics of debt investing.

Rethink before you invest

Gilt fund carries Moderate Risk.
Even though this is a debt scheme, in rare circumstances, investment losses may be possible.
Fund can have temporary under-performance in scenario of FM call not playing out.
This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Shantanu Godambe

Total work experience of 17 years. Managing this fund since June 2023.

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Total work experience of 17 years. Managing this fund since June 2023.

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Sandeep Yadav

Total work experience of 22 years. Managing this fund since August 2024.

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Total work experience of 22 years. Managing this fund since August 2024.

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Shantanu has a total work experience of Over 16 years. He joined DSP Asset Managers in March 2023 as Vice President in Fixed Income Team. Shantanu has also worked with Yes Bank Ltd as a Rates Trader. He has cleared CFA from CFA Institute, MS (Finance) from ICFAI University and B.Com from Mumbai University.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sandeep has a total work experience of almost 20 years. He joined DSP Mutual Funds in September 2021 as Senior Vice President - Fixed Income Investments. Sandeep has previously worked for Yes Bank, and had headed the Derivatives Structuring, Fixed Income Trading and Primary Dealership. Prior to that Sandeep had worked in Technology space in Cognizant Technologies, Hughes Services and Mahindra British Telecom. He is a Computer Engineer (Pune University) and PGDBM (IIM Bangalore). Sandeep is also a CFA chartered holder.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Investment Objective

The primary objective of the Scheme is to generate income through investment in securities issued by Central and/or State Government of various maturities.
There is no assurance that the investment objective of the Schemes will be realized.