Gilt Funds Compared
Every gilt mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 21 gilt funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 5.6% a year. The highest 5-year return was Bandhan Gilt Fund at 6.4% a year.
All gilt funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) |
|---|---|---|---|---|---|---|---|---|
| 1 | Bandhan Gilt Fund | 7.9% | 8.1% | 6.4% | 7.7% | 5.8% | 7.2% | 0.55% |
| 2 | ICICI Prudential Gilt Fund | 3.8% | 6.8% | 6.3% | 7.3% | 5.8% | 6.6% | 0.58% |
| 3 | SBI Gilt Fund | 4.0% | 6.6% | 6.2% | 7.4% | 5.7% | 6.2% | 0.50% |
| 4 | Axis Gilt Fund | 4.1% | 7.1% | 5.9% | 6.9% | 5.4% | 6.3% | 0.46% |
| 5 | DSP Gilt Fund | 3.1% | 6.7% | 5.9% | 7.3% | 5.3% | 6.0% | 0.59% |
| 6 | Tata Gilt Fund | 2.6% | 6.3% | 5.7% | 6.4% | 4.7% | 5.8% | 0.30% |
| 7 | UTI - Gilt Fund | 4.9% | 6.5% | 5.6% | 6.9% | 5.3% | 6.0% | 0.47% |
| 8 | Invesco India Gilt Fund | 2.7% | 6.4% | 5.6% | 6.1% | 4.8% | 5.6% | 0.48% |
| 9 | Baroda BNP Paribas Gilt Fund | 3.0% | 6.5% | 5.6% | 6.3% | 5.1% | 5.9% | 0.17% |
| 10 | Nippon India Gilt Fund | 3.6% | 6.3% | 5.6% | 7.3% | 4.8% | 5.7% | 0.52% |
| 11 | PGIM India Gilt Fund | 2.1% | 6.1% | 5.4% | 6.5% | 4.4% | 5.4% | 0.52% |
| 12 | Franklin India Gilt Fund | 5.3% | 6.4% | 5.4% | 5.5% | 4.8% | 5.9% | 0.64% |
| 13 | HDFC Gilt Fund | 3.0% | 6.2% | 5.4% | 5.9% | 4.9% | 5.6% | 0.46% |
| 14 | Canara Robeco Gilt Fund | 2.7% | 6.0% | 5.3% | 6.3% | 4.6% | 5.3% | 0.47% |
| 15 | Kotak Gilt Fund | 2.7% | 5.6% | 5.3% | 6.8% | 4.2% | 5.3% | 0.48% |
| 16 | Edelweiss Gilt Fund | 1.4% | 5.8% | 5.2% | — | 4.5% | 5.0% | 0.51% |
| 17 | Aditya Birla Sun Life Gilt Fund | 1.9% | 5.6% | 5.1% | 6.8% | 4.4% | 4.9% | 0.49% |
| 18 | LIC MF Gilt Fund | 2.7% | 5.5% | 5.0% | 6.4% | 4.2% | 5.0% | 0.70% |
| — | HSBC Gilt Fund | 2.3% | 5.9% | — | — | — | — | 0.50% |
| — | Union Gilt Fund | 0.7% | 5.0% | — | — | — | — | 0.65% |
| — | quant Gilt Fund | 3.3% | 5.8% | — | — | — | — | 0.41% |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
Key takeaways
Frequently asked questions
Which gilt fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Bandhan Gilt Fund (direct plan) at 6.4% a year. Past returns do not predict future ones.
What is the average return of gilt funds?
The median direct plan returned 5.6% a year over 5 years to 30 Sep 2026.