A government securities fund is an investment vehicle that pools money to invest in government-backed securities like treasury bills, bonds, and notes. These funds are considered low-risk as they invest in debt instruments issued by the government, making them ideal for conservative investors seeking stability and steady returns. Government securities funds offer investors a way to earn interest income while preserving capital, making them a suitable option for long-term savings or retirement planning. With varying maturities and interest rates, these funds provide diversification and protection against market volatility, helping investors maintain a balanced portfolio.