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HDFC Gilt Fund - Long Term Plan Print
Investment Objective | Scheme Information & NAV | Investment Pattern & Strategy | Portfolio | Returns and benchmarks | Systematic Investment Plan (SIP) Details | Fund Manager | Offer Document / Scheme Information Document (SID) | Application Form
Investment Objective
The primary objective of the Scheme is to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.

Basic Scheme Information
Nature of Scheme Open Ended Income Scheme
Inception Date July 25, 2001
Option

Existing Plan : Dividend Option,Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.

Direct Plan (w.e.f. 01 Jan 2013) : Dividend Option, Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.

Entry Load
(For Lumpsum Purchases and investments through SIP/STP)		 NIL
Unfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.
Exit Load
(as a % of the Applicable NAV)
  • In respect of each purchase / switch - in of units, an exit load of 0.25% is payable if units are redeemed / switched out within 3 months from the date of allotment.
  • No exit load is payable if units are redeemed / switched - out after 3 months from the date of allotment.
  • Introduction of Direct Plan - modification in the Exit Load provisions, click here to read
Minimum Application Amount
(click here for SIP Details)
 For new investors :Rs.5000 and any amount thereafter.
For existing investors : Rs. 1000 and any amount thereafter.
Lock-In-Period Nil
Net Asset Value Periodicity Every Business Day.
Redemption Proceeds Normally despatched within 3-4 Business Days
Tax Benefits
(As per present Laws)		 Please click for details
Current Expense Ratio (#)
(Effective Date 3rd October 2012)		 0.77%

Excluding Service Tax on Investment Management Fees, if any. 

Direct Plan shall have a lower expense ratio by 0.21%.

(#) Any change in the expense ratio will be updated within two working days.

Plan Name NAV Date NAV Amount
Long Term Dividend Option19 May 2013 -
Long Term Growth Option19 May 2013 -
Direct Plan - Dividend Option19 May 2013 -
Direct Plan - Growth Option19 May 2013 -
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Investment Pattern
The following table provides the asset allocation (as a % of Net Assets) of the Scheme's portfolio :

Instrument Long Term Plan Risk Profile of the Instrument
Normal Allocation Normal Deviation
Government of India Dated Securities 75% 25% Sovereign
State Governments Dated Securities 15% 15% Low
Government of India Treasury Bills 10% 10% Sovereign

In addition to the securities stated in the table above, the respective Plans may enter into repos/reverse repos in the securities that it will invest in or as may be permitted by the RBI. From time to time the Scheme may hold cash. A part of the net assets may be invested in the call money market or in an alternative investment for the call money market as may be provided by the RBI to meet the liquidity requirements.
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Investment Strategy
It is proposed to invest the proceeds of the Long Term Plan in sovereign securities issued by the Central Government and/or a State Government with medium to long term maturities.

The investment team of the AMC will study the macro economic conditions, including the political, economic environment and factors affecting Liquidity and interest rates. The AMC would use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same.

The Scheme will purchase securities in the public offerings, as well as those traded in the secondary markets. On occasions, if deemed appropriate, the Scheme may also participate in auction of Government Securities. The Mutual Fund will seek to underwrite issuance of Government Securities if and when permitted by SEBI/RBI and subject to the prevailing rules and regulations specified in this respect and may also participate in their auction from time to time.
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Systematic Investment Plan (SIP) Details

Serial No. Scheme Name Minimum Application Amount(Rs.) Current Entry Load Current Exit Load
1 HDFC Gilt Fund - Long Term Plan - Dividend / Growth* Rs.500 for Monthly & Rs.1500 for Quarterly NIL NIL

* SIP avaliable in Existing and Direct Plan
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Fund Manager
Mr. Anil Bamboli (since Sep 1, 2007)
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Portfolios - Holdings
Please click here to view complete Scheme Portfolios
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