Gilt Fund.Ppt1

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This the presentation which provide analysis of various gilt fung in india

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Gilt Fund.Ppt1

  1. 1. GILT FUND PRESENTED BY GROUP NO-07 VARUN RAJASEKARAN SHASHI BHUSHAN PARAS GANDHI GANGADHAR KALESHE KOMAL MANE SANDHYA RAWAT SHEETAL DHORE
  2. 2. INTRODUCTION <ul><li>These are mutual fund schemes. </li></ul><ul><li>Invest in medium and long term government securities and money market instrument. </li></ul><ul><li>Originated in Britain </li></ul><ul><li>Stick to high quality low risk debt. </li></ul><ul><li>First Gilt fund – December 1998 </li></ul><ul><li>RBI provides liquidity and other support </li></ul>
  3. 3. Facilities Provided To Gilt Funds <ul><li>Liquidity support : to support short-term liquidity requirements of such mutual funds </li></ul><ul><li>SGL and current accounts : opens one SGL account and one current account </li></ul><ul><li>Funds transfer facility :transfer of funds from one center to another under </li></ul><ul><li>Access to call market : the call money market as lenders </li></ul><ul><li>Ready forwards : undertake ready forward transactions in Government securities market. </li></ul>
  4. 4. Eligibility for Liquidity support <ul><li>All gilt funds – public and private sector, open-ended or close-ended </li></ul><ul><li>Have the approval of SEBI </li></ul>
  5. 5. Conditions <ul><li>Re-purchase agreements </li></ul><ul><li>Price of securities </li></ul><ul><li>Securities in multiples of Rs. 10 lakh </li></ul><ul><li>Maximum period of 14 days at a time </li></ul><ul><li>The repo rate </li></ul><ul><li>Remittance facility scheme </li></ul><ul><li>Cannot be used for on-lending in the call/notice money market </li></ul><ul><li>Right to partially accept/reject any application </li></ul><ul><li>Can call for all relevant information w.r.t their operations </li></ul>
  6. 6. Requirement for Drawl <ul><li>Application to chief general manager, internal Debt management cell, Reserve Bank of India ,central office. </li></ul><ul><li>Submission to internal Debt management cell. </li></ul><ul><li>Return of duplicate copy and lodge SGL transfer form to security department RBI </li></ul><ul><li>Current account Debit authority to RBI </li></ul><ul><li>Arrangement for repurchase of securities </li></ul><ul><li>Receive the liquidity amount </li></ul>
  7. 7. 5.32% 5.53% 3.50% 8.09% 4.98% 3 Years 5.52% 6.38% 5.92% 13.52% 6.31% 1 Year 2.60% 3.01% 3.34% 8.01% 3.14% 6 Months 1.41% 1.89% 2.18% 7.04% 2.24% 3 Months 0.10% 0.08% 0.08% 0.40% 0.10% 1 week           Absolute Returns   as on   Jan-18-2008 No Load No Load No Load No Load No Load Exit Load No Load No Load No Load No Load No Load Entry Load 15-Oct-99 11-Feb-02 28-Mar-00 21-Jul-99 16-Jul-01 Launch Date 25000 5000 10000 25000 500 Minimum Investment (Rs) 10.17 10.53 10.88 11.61 10.61 Latest NAV (Rs/Unit) Open Open Open Open Open Scheme Type Gilt Gilt Gilt Gilt Gilt Scheme Sub-Objective Debt-short term Debt-short term Debt-short term Debt-short term Debt-short term Scheme Objective Birla Sun Life Templeton India DBS Chola ICICI Prudential HDFC Snapshot on 18 th jan 2008.  
  8. 8. NAV of short term gilt funds
  9. 9. 29.60% 24.50% 26.40% 25.80% 5 Years 20.80% 11.10% 13.40% 15.80% 3 Years 12.80% 6.80% 20.50% 11.00% 2 Years 9.00% 5.90% 13.40% 6.30% 1 Year 5.20% 3.40% 8.20% 3.10% 6 Months 4.30% 2.20% 7.00% 2.20% 3 Months         Absolute Returns   as on   Jan-18-2008 No Load No Load No Load No Load Exit Load No Load No Load No Load No Load Entry Load Sep-23-1999 Mar-29-2000 Aug-09-1999 Jul-25-2001 Launch Date 5000 10000 5000 5000 Minimum Investment (Rs) 11.8 10.87 11.6 10.69 Latest NAV (Rs/Unit) Open Open Open Open Scheme Type Gilt Gilt Gilt Gilt Scheme Sub-Objective Debt-long term Debt-long term Debt-long term Debt-long term Scheme Objective DSP-Merrill DBS Chola ICICI Prudential HDFC Snapshot on 18 th jan 2008. 
  10. 10. BIBLIOGRAPHY <ul><li>WWW.MYIRIS.COM </li></ul><ul><li>WWW.RBI.COM </li></ul><ul><li>WWW.MUTUALFUNDINDIA.COM </li></ul><ul><li>WWW.MONEYCONTROL.COM </li></ul>

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