Government Securities on WebNotes

Gilt mutual fund

Tue, 12 May 2026 00:00:00 +0000

A gilt mutual fund in India is an open-ended debt scheme that invests a minimum of 80% of its total assets in government securities (G-Secs) across maturities, under SEBI ’s October 2017 scheme categorisation circular. The term “gilt” is borrowed from the British market, where government bonds were historically printed on gilt-edged paper. In India, gilt funds hold predominantly Central Government Securities (CG-Secs) and, to a lesser extent, State Development Loans (SDLs). Gilt funds carry zero credit risk (sovereign backing) but carry high interest rate risk due to the long average maturity of government securities portfolios.

How to buy a G-Sec on Zerodha Kite

Tue, 12 May 2026 00:00:00 +0000

This guide walks through buying Government Securities (G-Secs) in the exchange-traded secondary market through Zerodha’s Kite platform. The secondary market route allows retail investors to buy existing G-Secs without participating in a primary RBI auction. For primary auction participation, a separate RBI Retail Direct account is required; that process is covered in How to bid in an RBI primary bond auction via Zerodha .

The encyclopedic overview of G-Secs on Zerodha covers types of government securities, yield mechanics, duration risk, and tax treatment. This article focuses on the step-by-step procedure for the secondary market.

How to track G-Sec coupon receipts on Console

Tue, 12 May 2026 00:00:00 +0000

This guide explains how to track coupon payments from Government Securities (G-Secs), Sovereign Gold Bonds (SGBs), and T-Bill maturity proceeds when holding these instruments through Zerodha’s demat account. The single most common point of confusion for new G-Sec investors on Zerodha is that coupon payments do not appear in the Kite portfolio or the Zerodha trading ledger, they are credited directly by the Reserve Bank of India (RBI) to the investor’s primary bank account.

NIFTY 10-Year G-Sec Index

Tue, 12 May 2026 00:00:00 +0000

The NIFTY 10-Year G-Sec Index is a fixed income benchmark published by NSE Indices Limited that tracks the total return performance of the on-the-run 10-year benchmark Government of India (GoI) security. The on-the-run benchmark is the most recently issued 10-year central government bond, which trades with the highest liquidity among all GoI securities. The index represents the pure sovereign credit risk-free segment of the Indian fixed income market and is used as the benchmark for gilt mutual fund schemes, long-duration debt funds, and other investment products with exposure to the long end of the Indian yield curve.

NIFTY 5-Year G-Sec Index

Tue, 12 May 2026 00:00:00 +0000

The NIFTY 5-Year G-Sec Index is a fixed income benchmark published by NSE Indices Limited that tracks the total return performance of the on-the-run 5-year benchmark Government of India (GoI) security. The 5-year G-sec represents the middle segment of the Indian sovereign yield curve, sitting between shorter-dated money market instruments and long-dated gilt bonds. The index is used as a benchmark for medium-duration gilt mutual fund schemes and as the reference for 5-year target maturity fixed maturity plan (FMP) products in India.