HDFC Gilt Fund
- NAV as on 9 Nov 2026
- ₹56.97-0.04%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹54.72 — ₹57.94
- AUM
- ₹1,772 Cr
HDFC Gilt Fund is a Gilt debt fund from HDFC Mutual Fund with ₹1,772 Cr under management, launched in 2001. Over three years it has returned 4.0% a year, against 5.7% for its category. The expense ratio is 0.82% and the SEBI riskometer reading is Moderate.
Performance
HDFC Gilt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.2% against +3.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.3% | −0.4 pts | 2.7% | 3.9% |
| 2Y | 2.7% | −0.2 pts | 2.9% | 3.3% |
| 3Y | 4.0% | −1.6 pts | 5.7% | 4.2% |
| 5Y | 5.1% | +0.1 pts | 5.0% | 5.2% |
| 7Y | 5.0% | 0.0 pts | 5.0% | 5.1% |
| 10Y | 5.4% | −0.4 pts | 5.8% | 5.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.8% | −0.4 pts | 1.2% | 1.5% |
| 3M | -1.3% | −0.6 pts | -0.6% | -0.3% |
| 6M | 2.2% | −0.5 pts | 2.6% | 3.0% |
| 1Y | 2.2% | −0.5 pts | 2.7% | 3.0% |
| 2Y | 3.9% | +0.3 pts | 3.6% | 3.8% |
| 3Y | 5.8% | +0.1 pts | 5.7% | 5.9% |
| 5Y | 4.9% | −0.1 pts | 5.0% | 5.0% |
| 7Y | 5.4% | −0.1 pts | 5.5% | 5.5% |
| 10Y | 5.3% | −0.5 pts | 5.8% | 6.0% |
Since launch (16 Jul 2001): 7.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.1% | +0.1 pts | 5.0% |
| 2024 | 8.7% | −0.9 pts | 9.5% |
| 2023 | 7.1% | −0.4 pts | 7.5% |
| 2022 | 1.7% | −1.3 pts | 3.0% |
| 2021 | 2.2% | −0.7 pts | 2.9% |
| 2020 | 10.7% | −1.2 pts | 11.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.82%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.70%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- Exit load of 0.25% if redeemed within 3 months
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY All Duration G-Sec Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | -0.01 | 0.18 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | -0.01 | 0.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 3.67 | 3.68 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Gilt Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt95.7%
- Other4.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 15.78% | ₹297 Cr | +3.88% | +5.26% | +2.12% |
| Karnataka State | Others | 5.77% | ₹109 Cr | — | — | — |
| Reserve Bank of India | Financial | 2.60% | ₹49.09 Cr | — | — | — |
| Gujarat State | Construction | 1.58% | ₹29.83 Cr | +1.47% | +1.31% | +1.04% |
| Madhya Pradesh State | Others | 1.26% | ₹23.84 Cr | +1.19% | +1.05% | +0.85% |
| Bihar State | Others | 0.78% | ₹14.72 Cr | +0.73% | +0.64% | — |
| Rajasthan State | Others | 0.76% | ₹14.31 Cr | +0.71% | +0.63% | — |
| Maharashtra State | Others | 0.53% | ₹9.99 Cr | +0.49% | +0.44% | — |
| Andhra Pradesh State | Financial | 0.52% | ₹9.79 Cr | +0.49% | +0.43% | +0.35% |
| Haryana State | Others | 0.52% | ₹9.76 Cr | +0.48% | +0.43% | +0.02% |
| Uttar Pradesh State | Others | 0.52% | ₹9.72 Cr | +0.48% | +1.06% | +0.34% |
| Tamilnadu State | Others | 0.26% | ₹4.90 Cr | — | — | — |
| GOI | Sovereign | 0.02% | ₹0.31 Cr | +0.05% | +0.05% | +0.04% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Karnataka State | 0.00% | 5.77% | +5.77% |
| Reserve Bank of India | 0.00% | 2.60% | +2.60% |
| Others | 4.00% | 2.22% | -1.78% |
| Gujarat State | 1.50% | 1.58% | +0.08% |
| Madhya Pradesh State | 1.21% | 1.26% | +0.05% |
| Bihar State | 0.74% | 0.78% | +0.04% |
| Rajasthan State | 0.72% | 0.76% | +0.04% |
| Andhra Pradesh State | 0.49% | 0.52% | +0.03% |
| Haryana State | 0.49% | 0.52% | +0.03% |
| Maharashtra State | 0.50% | 0.53% | +0.03% |
| Uttar Pradesh State | 0.49% | 0.52% | +0.03% |
| GOI | 0.05% | 0.02% | -0.03% |
| Tamilnadu State | 0.25% | 0.26% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹526 Cr | 1.10% | 4.5% | 5.2% | 5.8% |
 Bandhan Gilt Fund | ₹1,660 Cr | 1.20% | 6.7% | 6.1% | 6.5% |
 UTI Gilt Fund | ₹415 Cr | 0.85% | 3.4% | 4.9% | 5.7% |
 Axis Gilt Fund | ₹378 Cr | 0.89% | 4.7% | 5.3% | 6.0% |
 Franklin India Gilt Fund | ₹145 Cr | 1.22% | 2.7% | 4.5% | 5.0% |
 Bajaj Finserv Gilt Fund | ₹31.72 Cr | 1.35% | 5.2% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme is a dedicated gilt scheme which seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI with medium to long term residual maturities.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
- Anil BamboliMr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.17% absolute | ₹60,000 | ₹61,302 | 2.17% | |
| 1 year2.19% annualised | ₹1,20,000 | ₹1,21,433 | 1.19% | |
| 3 years5.79% annualised | ₹3,60,000 | ₹3,94,020 | 9.45% | |
| 5 years4.91% annualised | ₹6,00,000 | ₹6,81,278 | 13.55% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.