UTI 10 year Constant Maturity Gilt Fund
Fund basics
Returns
Returns for this scheme are not computed yet — we need at least three years of published NAV. The NAV above is today's, straight from AMFI.
Direct vs Regular — same portfolio, two prices
The same fund, the same manager, the same shares. The only difference is the distributor commission inside the Regular plan's expense ratio — charged every year, on the whole balance.
| Plan | NAV | 1y | 3y | 5y |
|---|---|---|---|---|
| Direct (this page) | 13.4352 | 5.02% | 7.40% | — |
| Regular | 13.1757 | 4.53% | 6.89% | — |
The two NAVs are 1.9% apart today. They started life at the same ₹10 — the whole of that gap is what the commission has taken out of the Regular plan since launch.
Everything the NAV says
Computed from 983 published NAVs between 3 Aug 2022 and 27 Aug 2026 — 4.1 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| UTI 10 year Constant Maturity Gilt Fund Direct | -0.12 | 2.74 | 2.26 | 5.51 | 7.34 | — | — | — | 7.31 |
| Gilt Funds category median · 33 funds | — | — | — | 4.74 | 6.89 | 6.05 | — | 7.14 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Direct plan in Gilt Funds — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 25 Aug 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| UTI 10 year Constant Maturity Gilt Fund Direct | 2.89 | 0.29 | 0.47 | — | — | -2.74 |
Risk measures use a risk-free rate of 6.5% and are stated so they can be checked — a ratio quoted without its risk-free rate cannot be. Beta and alpha need an index, so they are blank for the benchmark row itself.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 2.9% | 1.8% | 0.29 | 0.47 |
Sharpe and Sortino use a risk-free rate of 6.5%, roughly the 10-year government bond. Both are stated so the figure can be checked — a ratio quoted without its risk-free rate cannot be.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -2.7% | 2 months | -0.6% |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 12.6% | 7.8% | 0.4% | 0% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
How it compares with its closest peers
The same category, the same plan, the same option — the only comparison that means anything. A Gilt Funds Direct Plan Growth scheme against another of exactly the same kind.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| UTI 10 year Constant Maturity Gilt Fund UTI Mutual Fund · this scheme | 7.3% | — | — | 2.9% | 0.29 | -2.7% |
| Bajaj Finserv Gilt Fund Bajaj Finserv Mutual Fund | — | — | — | 3.3% | -0.56 | -3.9% |
| Bandhan 10 year Constant Maturity Gilt Fund Bandhan Mutual Fund | 8.0% | — | — | 3.2% | 0.48 | -5.0% |
| Bandhan Gilt Fund Bandhan Mutual Fund | 8.1% | — | — | 4.0% | 0.40 | -7.1% |
| DSP 10 year Constant Maturity Gilt Fund DSP Mutual Fund | 6.7% | — | — | 3.9% | 0.05 | -5.5% |
| DSP Gilt Fund DSP Mutual Fund | 6.9% | — | — | 3.8% | 0.11 | -7.6% |
| Edelweiss Gilt Fund Edelweiss Mutual Fund | 6.4% | — | — | 3.0% | -0.02 | -3.3% |
| Franklin India Gilt Fund Franklin Templeton Mutual Fund | 6.6% | — | — | 4.3% | 0.03 | -12.7% |
| Groww Gilt Fund Groww Mutual Fund | — | — | — | 3.4% | -1.86 | -3.9% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Gilt Funds scheme is
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.
How long money should stay. 3 to 5 years.
Compare this scheme with others →
Questions people ask
What is the NAV of UTI 10 year Constant Maturity Gilt Fund — Direct Plan — Growth?
₹13.4352 as on 25 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of UTI 10 year Constant Maturity Gilt Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
What kind of scheme is this?
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.
How long should money stay in it?
Typically 3 to 5 years. Investors taking a deliberate view on interest rates with no credit risk.