Table of Contents
- How To Choose Best Gilt Debt Mutual Funds?
- Best Gilt Funds To Invest In FY 25 - 26
- How to Invest in Gilt Funds Online?
- Conclusion
- FAQs
- 1. Who releases the gilt funds?
- 2. What are the returns that I can expect on the gilt funds?
- 3. Do gilt funds have an expense ratio?
- 4. Is there a specific time limit for which I should hold my gilt funds?
- 5. Can I create wealth by investing in gilt funds?
- 6. What financial goal can gilt funds help me achieve?
- 7. Is a gilt fund taxable?
Top 6 Funds
Top 6 Best Gilt Funds To Invest In 2025
Want to invest during falling interest rates? Gilt Funds in India are an answer to this!
Gilt Mutual Funds provide good returns during times of falling interest rates depending upon its maturity (or duration). Investors Investing in these funds need to have enough time for tracking their investments since the NAVs of these funds move very sharply with movement in interest rates.
Gilts funds are often used by two kinds of investors. Firstly, those who primarily want little or no credit risk, since the securities are backed by the government of India (or the government of the country they belong to) hence they carry least possible credit risk.
How To Choose Best Gilt Debt Mutual Funds?
1. Duration And Average Maturity
When investing in gilt Debt fund, it becomes necessary to determine the average maturity and the duration of the fund. This can be obtained in the fact sheet of the fund, the average maturity relates to the average time taken for securities to mature. The higher the average maturity (or duration), the higher the sensitivity to interest rate movement. While a downward movement is positive to the NAV of the fund (and hence returns), and upward (or increase) movement of interest rates will impact the NAV negatively resulting in a loss.
Duration refers to the weighted average maturity of the securities in a Portfolio. It is a prime parameter used by analysts and others to determine the interest rate sensitivity of the mutual fund. If the funds are held for the time of duration of the portfolio and the fund manager does not do anything, then the investor will generate the yield on the portfolio, without being subjected to interest rate movements. Gilts funds are often used by two kinds of investors. Firstly, those who primarily want little or no credit risk, since the securities are backed by the government of India (or the government of the country they belong to), these investors invest for the yield and not for a view on interest rates. The other kind of investors who invest in Gilt Funds are the ones who take a view on interest rates, they would typically look at the maturity or duration of the portfolio and invest accordingly.
There are primarily three kinds of gilt funds that exist, short term, medium term and long term. Short term gilt funds have a low duration, typically less than a year. Long-term gilt funds can have a very high maturity period, at times going up to 10 to 15 years also. Long-term gilt funds are invested in for yield as well as playing the interest rate view by investors.
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2. Interest Rate Risk
Gilt funds and interest rates are archrivals. There is an inverse relationship between Gilt debt funds and interest rates. An increase or decrease in the interest rate causes the NAV of the fund to fall or rise. This results in the fluctuation in the fund’s return. In fact, such extreme Volatility in returns of the gilt funds makes them the riskiest in the debt mutual category. The impact is so profound that it may drive the yields to negative in the short run. Therefore, one should consider investing in gilt funds when Inflation is near its peak and the RBI (Reserve Bank of India) is not likely to raise the interest rate immediately. This would ensure there no downward movement in the NAV and hence returns. Any fall in interest rates would add to the returns of the fund.
A newbie investor should avoid investing in gilt mutual funds without a robust strategy.
Moreover, there are some other quantitative parameters that investors need to analyse before selecting the best Gilt Funds:
Look for a Gilt Fund that gives the most stable and consistent returns year-after-year. A fund having lesser volatility would be consistent. Volatility can be determined using the Beta and Standard Deviation (SD). Beta indicates how much fund’s return is sensitive to index movements. A beta of 1 signifies that the mutual fund NAV moves in line with the relevant benchmark, a beta of a greater than 1 designates that the NAV moves more than the relevant benchmark of the fund, and a beta of less than 1 means NAV moves less than the benchmark. Investors should decide before getting into a fund whether they want higher beta or low beta.Coming to SD, it is a statistical measure representing the volatility or risk of a fund. The higher the SD, higher will be the fluctuations in the returns. Ideally, investors look for funds with a lower standard deviation. However, if the investor is clear on the reason of investing and has reviewed the fund performance as well as portfolio & related parameters (yield, duration, maturity etc), this is something one can overlook.
The expense ratio is also one of the parameters to check your fund returns. It is advisable to go for a fund with a lower expense ratio in the same category. This is because the returns are derived after deducting expense ratio from the fund’s Total Return. Thus, the lower the expense ratio, the better returns it can deliver.
One needs to be careful in the entry and exit of their investments accurately. More importantly, considering important parameters to shortlist or invest in the best Gilt funds can be an optimal way to strengthen your portfolio. We take you to some of those parameters, following the best Gilt funds or Best Performing Mutual Funds to Invest in 2025.
Best Gilt Funds To Invest In FY 25 - 26
(Erstwhile SBI Magnum Gilt Fund Short Term) To provide the investors with the returns generated through investments in government securities issued by the Central Govt. and State Govt. SBI Magnum Constant Maturity Fund is a Debt - 10 Yr Govt Bond fund was launched on 30 Dec 00. It is a fund with Moderately Low risk and has given a Below is the key information for SBI Magnum Constant Maturity Fund Returns up to 1 year are on (Erstwhile SBI Magnum Gilt Fund - Long Term Plan) To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government SBI Magnum Gilt Fund is a Debt - Government Bond fund was launched on 30 Dec 00. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Gilt Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government. Nippon India Gilt Securities Fund is a Debt - Government Bond fund was launched on 22 Aug 08. It is a fund with Moderate risk and has given a Below is the key information for Nippon India Gilt Securities Fund Returns up to 1 year are on (Erstwhile UTI Gilt Advantage Fund- LTP) To generate credit risk-free return through investment in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the Central Government and / or a State Government for repayment of principal and interest. However there can be no assurance that the investment objective of the Scheme will be achieved. UTI Gilt Fund is a Debt - Government Bond fund was launched on 21 Jan 02. It is a fund with Moderate risk and has given a Below is the key information for UTI Gilt Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Gilt Plus Fund - PF Plan) An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. Aditya Birla Sun Life Government Securities Fund is a Debt - Government Bond fund was launched on 12 Oct 99. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Government Securities Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Long Term Gilt Fund) To generate income through investment in Gilts of various maturities. ICICI Prudential Gilt Fund is a Debt - Government Bond fund was launched on 19 Aug 99. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Gilt Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity SBI Magnum Constant Maturity Fund Growth ₹62.4521
↑ 0.02 ₹1,845 2.8 3.9 9.4 7.1 9.1 6.93% 6Y 9M 25D 9Y 10M 6D SBI Magnum Gilt Fund Growth ₹65.3284
↑ 0.02 ₹11,257 2.9 3.3 8.9 7.8 8.9 7.11% 9Y 11M 1D 23Y 10M 28D Nippon India Gilt Securities Fund Growth ₹37.723
↑ 0.01 ₹2,126 2.8 3.3 8.8 6.8 8.9 7.1% 9Y 3M 22D 20Y 10M 24D UTI Gilt Fund Growth ₹62.0701
↑ 0.02 ₹644 2.8 3.5 8.8 7.2 8.9 6.99% 9Y 8M 23D 22Y 9M Aditya Birla Sun Life Government Securities Fund Growth ₹80.6061
↑ 0.02 ₹1,992 2.9 3.3 8.7 6.7 9.1 7.08% 10Y 9M 25Y 11M 5D ICICI Prudential Gilt Fund Growth ₹100.803
↑ 0.03 ₹6,356 2.7 4.2 8.7 7.7 8.2 7.05% 5Y 3M 22D 13Y 4M 28D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 25 1. SBI Magnum Constant Maturity Fund
CAGR/Annualized return of 7.8% since its launch. Ranked 1 in 10 Yr Govt Bond category. Return for 2024 was 9.1% , 2023 was 7.5% and 2022 was 1.3% . SBI Magnum Constant Maturity Fund
Growth Launch Date 30 Dec 00 NAV (31 Mar 25) ₹62.4521 ↑ 0.02 (0.03 %) Net Assets (Cr) ₹1,845 on 15 Mar 25 Category Debt - 10 Yr Govt Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 0.61 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.93% Effective Maturity 9 Years 10 Months 6 Days Modified Duration 6 Years 9 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,595 31 Mar 22 ₹10,971 31 Mar 23 ₹11,385 31 Mar 24 ₹12,324 31 Mar 25 ₹13,484 Returns for SBI Magnum Constant Maturity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 25 Duration Returns 1 Month 1.8% 3 Month 2.8% 6 Month 3.9% 1 Year 9.4% 3 Year 7.1% 5 Year 6.2% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 9.1% 2022 7.5% 2021 1.3% 2020 2.4% 2019 11.6% 2018 11.9% 2017 9.9% 2016 6.2% 2015 12.8% 2014 9.1% Fund Manager information for SBI Magnum Constant Maturity Fund
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 1.33 Yr. Tejas Soman 1 Dec 23 1.25 Yr. Data below for SBI Magnum Constant Maturity Fund as on 15 Mar 25
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.91% Debt Sector Allocation
Sector Value Government 96.91% Cash Equivalent 3.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -72% ₹1,320 Cr 129,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -25% ₹467 Cr 45,500,000 Net Receivable / Payable
CBLO | -2% ₹42 Cr Treps
CBLO/Reverse Repo | -1% ₹15 Cr 2. SBI Magnum Gilt Fund
CAGR/Annualized return of 8% since its launch. Ranked 3 in Government Bond category. Return for 2024 was 8.9% , 2023 was 7.6% and 2022 was 4.2% . SBI Magnum Gilt Fund
Growth Launch Date 30 Dec 00 NAV (31 Mar 25) ₹65.3284 ↑ 0.02 (0.03 %) Net Assets (Cr) ₹11,257 on 15 Mar 25 Category Debt - Government Bond AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 0.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.11% Effective Maturity 23 Years 10 Months 28 Days Modified Duration 9 Years 11 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,724 31 Mar 22 ₹11,112 31 Mar 23 ₹11,744 31 Mar 24 ₹12,773 31 Mar 25 ₹13,915 Returns for SBI Magnum Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 25 Duration Returns 1 Month 2.5% 3 Month 2.9% 6 Month 3.3% 1 Year 8.9% 3 Year 7.8% 5 Year 6.8% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.9% 2022 7.6% 2021 4.2% 2020 3% 2019 11.7% 2018 13.1% 2017 5.1% 2016 3.9% 2015 16.3% 2014 7.3% Fund Manager information for SBI Magnum Gilt Fund
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 1.33 Yr. Tejas Soman 1 Dec 23 1.25 Yr. Data below for SBI Magnum Gilt Fund as on 15 Mar 25
Asset Allocation
Asset Class Value Cash 10.5% Debt 89.5% Debt Sector Allocation
Sector Value Government 89.5% Cash Equivalent 10.5% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -37% ₹4,219 Cr 406,500,000
↓ -7,500,000 6.79% Government Of India (07/10/2034)
Sovereign Bonds | -36% ₹4,009 Cr 398,326,400
↑ 27,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -10% ₹1,096 Cr 106,000,000
↓ -5,500,000 7.22% State Government Of Haryana 2038
Sovereign Bonds | -4% ₹402 Cr 40,000,000 7.13% State Government Of Karnataka 2041
Sovereign Bonds | -2% ₹249 Cr 25,048,600
↑ 4,500,000 7.16% State Government Of Madhya Pradesh 2037
Sovereign Bonds | -1% ₹100 Cr 10,000,000 Treps
CBLO/Reverse Repo | -5% ₹608 Cr Net Receivable / Payable
CBLO | -5% ₹574 Cr 8.83% Govt Stock 2041
Sovereign Bonds | -₹0 Cr 00
↓ -80,000,000 7.93% Govt Stock 2033
Sovereign Bonds | -₹0 Cr 00
↓ -6,000,000 3. Nippon India Gilt Securities Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 2 in Government Bond category. Return for 2024 was 8.9% , 2023 was 6.7% and 2022 was 2.1% . Nippon India Gilt Securities Fund
Growth Launch Date 22 Aug 08 NAV (31 Mar 25) ₹37.723 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹2,126 on 28 Feb 25 Category Debt - Government Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.42 Sharpe Ratio 0 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Days (0.25%),15 Days and above(NIL) Yield to Maturity 7.1% Effective Maturity 20 Years 10 Months 24 Days Modified Duration 9 Years 3 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,571 31 Mar 22 ₹10,923 31 Mar 23 ₹11,331 31 Mar 24 ₹12,245 31 Mar 25 ₹13,321 Returns for Nippon India Gilt Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 25 Duration Returns 1 Month 2.4% 3 Month 2.8% 6 Month 3.3% 1 Year 8.8% 3 Year 6.8% 5 Year 5.9% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.9% 2022 6.7% 2021 2.1% 2020 1.8% 2019 11.2% 2018 12.4% 2017 8% 2016 3.4% 2015 17% 2014 6.2% Fund Manager information for Nippon India Gilt Securities Fund
Name Since Tenure Pranay Sinha 31 Mar 21 4 Yr. Kinjal Desai 31 Oct 21 3.42 Yr. Data below for Nippon India Gilt Securities Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 3.35% Debt 96.65% Debt Sector Allocation
Sector Value Government 96.65% Cash Equivalent 3.35% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -15% ₹312 Cr 30,500,000
↓ -5,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -14% ₹306 Cr 29,500,000 7.09% Govt Stock 2054
Sovereign Bonds | -12% ₹252 Cr 25,000,000
↑ 2,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -10% ₹212 Cr 20,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -8% ₹174 Cr 16,965,200 6.92% Govt Stock 2039
Sovereign Bonds | -7% ₹146 Cr 14,500,000
↑ 10,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -7% ₹143 Cr 14,000,000 6.8% Govt Stock 2060
Sovereign Bonds | -3% ₹58 Cr 6,000,000 6.79% Government Of India (07/10/2034)
Sovereign Bonds | -2% ₹50 Cr 5,000,000
↓ -13,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹46 Cr 4,500,000
↓ -9,000,000 4. UTI Gilt Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 7 in Government Bond category. Return for 2024 was 8.9% , 2023 was 6.7% and 2022 was 2.9% . UTI Gilt Fund
Growth Launch Date 21 Jan 02 NAV (31 Mar 25) ₹62.0701 ↑ 0.02 (0.03 %) Net Assets (Cr) ₹644 on 28 Feb 25 Category Debt - Government Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.92 Sharpe Ratio 0.05 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.99% Effective Maturity 22 Years 9 Months Modified Duration 9 Years 8 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,655 31 Mar 22 ₹10,944 31 Mar 23 ₹11,478 31 Mar 24 ₹12,397 31 Mar 25 ₹13,483 Returns for UTI Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 25 Duration Returns 1 Month 2.3% 3 Month 2.8% 6 Month 3.5% 1 Year 8.8% 3 Year 7.2% 5 Year 6.2% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.9% 2022 6.7% 2021 2.9% 2020 2.3% 2019 10.3% 2018 11.8% 2017 6.3% 2016 4.3% 2015 15.5% 2014 6.1% Fund Manager information for UTI Gilt Fund
Name Since Tenure Sudhir Agarwal 1 Dec 21 3.33 Yr. Data below for UTI Gilt Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 3.36% Debt 96.64% Debt Sector Allocation
Sector Value Government 96.64% Cash Equivalent 3.36% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.79% Government Of India (07/10/2034)
Sovereign Bonds | -37% ₹242 Cr 2,400,000,000
↓ -600,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -18% ₹119 Cr 1,150,000,000 7.09% Govt Stock 2054
Sovereign Bonds | -16% ₹101 Cr 1,000,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -7% ₹47 Cr 450,000,000 7.46% Govt Stock 2073
Sovereign Bonds | -5% ₹32 Cr 300,000,000 Chhattisgarh (Government of) 7.32%
- | -5% ₹30 Cr 300,000,000
↑ 300,000,000 Assam (Government of) 7.34%
- | -5% ₹30 Cr 300,000,000
↑ 300,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -4% ₹26 Cr 250,000,000 Net Current Assets
Net Current Assets | -3% ₹20 Cr Clearing Corporation Of India Ltd. Std - Margin
CBLO/Reverse Repo | -0% ₹1 Cr 00 5. Aditya Birla Sun Life Government Securities Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 4 in Government Bond category. Return for 2024 was 9.1% , 2023 was 7.1% and 2022 was 1.7% . Aditya Birla Sun Life Government Securities Fund
Growth Launch Date 12 Oct 99 NAV (31 Mar 25) ₹80.6061 ↑ 0.02 (0.03 %) Net Assets (Cr) ₹1,992 on 28 Feb 25 Category Debt - Government Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.05 Sharpe Ratio -0.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-90 Days (0.5%),90 Days and above(NIL) Yield to Maturity 7.08% Effective Maturity 25 Years 11 Months 5 Days Modified Duration 10 Years 9 Months Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,757 31 Mar 22 ₹11,304 31 Mar 23 ₹11,632 31 Mar 24 ₹12,628 31 Mar 25 ₹13,731 Returns for Aditya Birla Sun Life Government Securities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 25 Duration Returns 1 Month 2.9% 3 Month 2.9% 6 Month 3.3% 1 Year 8.7% 3 Year 6.7% 5 Year 6.5% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 9.1% 2022 7.1% 2021 1.7% 2020 3.6% 2019 12.1% 2018 11% 2017 6.9% 2016 4.4% 2015 16.7% 2014 5.7% Fund Manager information for Aditya Birla Sun Life Government Securities Fund
Name Since Tenure Bhupesh Bameta 6 Aug 20 4.65 Yr. Data below for Aditya Birla Sun Life Government Securities Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 2.07% Debt 97.93% Debt Sector Allocation
Sector Value Government 97.93% Cash Equivalent 2.07% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -49% ₹989 Cr 95,679,750
↓ -2,500,000 7.34% Govt Stock 2064
Sovereign Bonds | -29% ₹581 Cr 56,012,200
↑ 800,000 7.26% Govt Stock 2033
Sovereign Bonds | -8% ₹165 Cr 16,025,000 7.18% Govt Stock 2037
Sovereign Bonds | -5% ₹98 Cr 9,500,000 7.09% Govt Stock 2054
Sovereign Bonds | -2% ₹46 Cr 4,540,000 6.76% Govt Stock 2061
Sovereign Bonds | -1% ₹29 Cr 3,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -1% ₹26 Cr 2,500,000 State Government Securities (27/02/2038)
Sovereign Bonds | -1% ₹25 Cr 2,500,000
↑ 596,400 7.1% Govt Stock 2034
Sovereign Bonds | -0% ₹3 Cr 300,000
↑ 300,000 7.09% Govt Stock 2074
Sovereign Bonds | -0% ₹3 Cr 285,700 6. ICICI Prudential Gilt Fund
CAGR/Annualized return of 9.4% since its launch. Ranked 5 in Government Bond category. Return for 2024 was 8.2% , 2023 was 8.3% and 2022 was 3.7% . ICICI Prudential Gilt Fund
Growth Launch Date 19 Aug 99 NAV (31 Mar 25) ₹100.803 ↑ 0.03 (0.03 %) Net Assets (Cr) ₹6,356 on 28 Feb 25 Category Debt - Government Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.12 Sharpe Ratio 0.42 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.05% Effective Maturity 13 Years 4 Months 28 Days Modified Duration 5 Years 3 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,828 31 Mar 22 ₹11,265 31 Mar 23 ₹11,915 31 Mar 24 ₹12,953 31 Mar 25 ₹14,074 Returns for ICICI Prudential Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 25 Duration Returns 1 Month 1.8% 3 Month 2.7% 6 Month 4.2% 1 Year 8.7% 3 Year 7.7% 5 Year 7.1% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.2% 2022 8.3% 2021 3.7% 2020 3.8% 2019 12.6% 2018 10.8% 2017 6.8% 2016 2.1% 2015 18.2% 2014 5.5% Fund Manager information for ICICI Prudential Gilt Fund
Name Since Tenure Manish Banthia 22 Jan 24 1.11 Yr. Raunak Surana 22 Jan 24 1.11 Yr. Data below for ICICI Prudential Gilt Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 9.99% Debt 90.01% Debt Sector Allocation
Sector Value Government 90.01% Cash Equivalent 9.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -33% ₹2,109 Cr 206,066,000
↓ -30,000,000 7.34% Govt Stock 2064
Sovereign Bonds | -21% ₹1,360 Cr 131,038,200
↑ 25,000,000 7.93% Govt Stock 2033
Sovereign Bonds | -15% ₹968 Cr 94,096,700 7.3% Govt Stock 2028
Sovereign Bonds | -7% ₹427 Cr 42,500,000 7.12% Maharashtra SDL 2038
Sovereign Bonds | -3% ₹214 Cr 21,496,400
↑ 21,496,400 91 Days Tbill Red 24-04-2025
Sovereign Bonds | -3% ₹189 Cr 19,000,000 7.14% Maharashtra SDL 2039
Sovereign Bonds | -3% ₹180 Cr 18,000,000
↑ 18,000,000 91 DTB 17042025
Sovereign Bonds | -3% ₹174 Cr 17,500,000
↓ -10,000,000 7.09% Govt Stock 2054
Sovereign Bonds | -2% ₹151 Cr 15,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹109 Cr 10,567,890
↓ -262,500
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Conclusion
If you want to invest in gilt mutual funds, then you need to invest opportunistically. An essential thing about investing in the best Gilt Funds is to strategies well. Having a strategy would help you to avoid perilous situations. Investing in these funds demands an ability to take a view on what the RBI may do in its credit risk policy and a Call on interest rate movements.
FAQs
1. Who releases the gilt funds?
A: The gilt funds are in the form of securities released by the Reserve Bank of India. The RBI releases the g-sec or the securities, which are in the form of funds. These, when matured, are distributed amongst the investors in the form of payouts.
2. What are the returns that I can expect on the gilt funds?
A: Gilt funds are one of the safest investments, and you can expect good returns. However, the interest payable is dependent upon the Market conditions. You can expect returns of up to 12% on your investments.
3. Do gilt funds have an expense ratio?
A: Gilt funds behave like mutual funds, and hence, there is an expense ratio. In other words, there will be certain operational costs that the investor has to bear when it comes to gilt funds. The expense ratio will be a percentage of the total investment value. Your fund manager can tell you about the amount of money that will be considered expense ratio.
4. Is there a specific time limit for which I should hold my gilt funds?
A: Like any other mutual fund, it is a good idea to hold your investment in gilt funds for 3-5 years. This is adequate time for you to realize your investment.
5. Can I create wealth by investing in gilt funds?
A: You can invest in the gilt funds and generate wealth over a medium to moderate period. After that, you can divert your Earnings into other investments. Thus, gilt funds can be used to create wealth as these are known to generate wealth.
6. What financial goal can gilt funds help me achieve?
A: If you are looking to earn on your investments over a reasonable period and increase your wealth in the medium-term, it is good to invest in gilt funds. These funds do not need you to invest in the long-term, and you can realize your investments in 3-5 years.
7. Is a gilt fund taxable?
A: You will have to pay tax on long-term Capital gains if you sell the gilt funds before maturity. The Capital Gain from the fund is also taxable. If you stay invested in the fun for a short period, which is three years, then you will have to pay Taxes for short-term capital gains. If you stay invested in the gilt fund for the given amount of time, you will have to pay tax under long-term capital gains.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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