Gilt Funds Mutual Funds
At least 80% in government securities.
No credit risk at all — the borrower is the Government of India. All of the movement is interest rates, and it can be considerable. Safe from default is not the same as steady.
Who it suits. Investors taking a deliberate view on interest rates with no credit risk. Hold for 3 to 5 years.
Direct plans in this category
- ICICI Prudential Gilt FundICICI Prudential Mutual Fund · NAV ₹117.73 6.3% 7.6% 7.1%
- Bandhan Gilt FundBandhan Mutual Fund · NAV ₹40.82 8.8% 8.2% 6.5%
- SBI GILT FUNDSBI Mutual Fund · NAV ₹72.87 5.2% 6.9% 6.5%
- Axis Gilt FundAxis Mutual Fund · NAV ₹28.62 6.0% 7.6% 6.4%
- DSP Gilt FundDSP Mutual Fund · NAV ₹106.31 5.1% 7.1% 6.3%
- Tata Gilt Securities FundTata Mutual Fund · NAV ₹91.34 5.3% 7.0% 6.3%
- ICICI Prudential 10 year Constant Maturity Gilt FundICICI Prudential Mutual Fund · NAV ₹26.76 5.7% 7.8% 6.2%
- Bandhan 10 year Constant Maturity Gilt FundBandhan Mutual Fund · NAV ₹49.56 6.4% 8.1% 6.2%
- SBI 10 YEAR CONSTANT MATURITY GILT FUNDSBI Mutual Fund · NAV ₹69.70 5.2% 7.4% 6.1%
- Invesco India Gilt FundInvesco Mutual Fund · NAV ₹3,256.20 4.9% 7.1% 6.1%
- Nippon India Gilt FundNippon India Mutual Fund · NAV ₹44.57 5.3% 6.8% 6.0%
- UTI - Gilt FundUTI Mutual Fund · NAV ₹68.55 6.5% 7.1% 6.0%
- Edelweiss Gilt FundEdelweiss Mutual Fund · NAV ₹26.82 3.6% 6.5% 5.9%
- BARODA BNP PARIBAS GILT FUNDBaroda BNP Paribas Mutual Fund · NAV ₹48.51 4.2% 6.9% 5.9%
- PGIM India Gilt FundPGIM India Mutual Fund · NAV ₹33.71 4.1% 6.7% 5.9%
- Kotak Gilt FundKotak Mahindra Mutual Fund · NAV ₹114.65 4.7% 6.2% 5.8%
- HDFC Gilt FundHDFC Mutual Fund · NAV ₹60.81 5.2% 6.9% 5.8%
- Franklin India Gilt FundFranklin Templeton Mutual Fund · NAV ₹67.93 7.0% 6.7% 5.7%
- Canara Robeco Gilt FundCanara Robeco Mutual Fund · NAV ₹83.75 4.1% 6.3% 5.6%
- Aditya Birla Sun Life Government Securities FundAditya Birla Sun Life Mutual Fund · NAV ₹88.95 4.0% 6.1% 5.5%
- DSP 10 year Constant Maturity Gilt FundDSP Mutual Fund · NAV ₹23.17 3.5% 6.8% 5.3%
- LIC MF Gilt FundLIC Mutual Fund · NAV ₹67.10 4.0% 5.9% 5.1%
- Bajaj Finserv Gilt FundBajaj Finserv Mutual Fund · NAV ₹1,076.95 — — —
- Groww Gilt FundGroww Mutual Fund · NAV ₹10.06 — — —
- HSBC Gilt FundHSBC Mutual Fund · NAV ₹77.79 — — —
- UTI 10 year Constant Maturity Gilt FundUTI Mutual Fund · NAV ₹13.44 5.0% 7.4% —
- Union Gilt FundUnion Mutual Fund · NAV ₹12.55 3.2% 5.6% —
- quant Gilt Fundquant Mutual Fund · NAV ₹12.61 4.7% 6.3% —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Gilt Funds fund?
At least 80% in government securities. No credit risk at all — the borrower is the Government of India. All of the movement is interest rates, and it can be considerable. Safe from default is not the same as steady.
Who should invest in Gilt Funds funds?
Investors taking a deliberate view on interest rates with no credit risk. A sensible holding period is 3 to 5 years.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.