SBI Gilt Fund
- NAV as on 24 Sep 2026
- ₹68.41+0.03%1 day
- Return since launch
- 7.8%
- 52-week range
- ₹65.94 — ₹68.73
- AUM
- ₹8,215 Cr
SBI Gilt Fund is a Gilt debt fund from SBI Mutual Fund with ₹8,215 Cr under management, launched in 2000. Over three years it has returned 4.9% a year, against 5.6% for its category. The expense ratio is 0.99% and the SEBI riskometer reading is Moderate.
Performance
SBI Gilt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.4% against +2.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.0% | +1.1 pts | 2.8% | 3.1% |
| 2Y | 3.8% | +0.8 pts | 3.0% | 3.0% |
| 3Y | 4.9% | −0.7 pts | 5.6% | 4.3% |
| 5Y | 5.8% | +0.8 pts | 5.0% | 5.1% |
| 7Y | 5.8% | +0.7 pts | 5.1% | 5.1% |
| 10Y | 6.5% | +0.5 pts | 6.0% | 5.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | +0.6 pts | -0.6% | -0.6% |
| 3M | 0.5% | +0.8 pts | -0.3% | -0.2% |
| 6M | 2.9% | −0.1 pts | 3.0% | 3.0% |
| 1Y | 3.4% | +0.6 pts | 2.8% | 2.8% |
| 2Y | 4.0% | +0.5 pts | 3.5% | 3.5% |
| 3Y | 6.1% | +0.5 pts | 5.6% | 5.7% |
| 5Y | 5.7% | +0.8 pts | 5.0% | 4.9% |
| 7Y | 6.5% | +0.8 pts | 5.6% | 5.6% |
| 10Y | 6.9% | +1.0 pts | 6.0% | 6.0% |
Since launch (11 Dec 2000): 7.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.5% | −0.5 pts | 5.0% |
| 2024 | 8.9% | −0.6 pts | 9.5% |
| 2023 | 7.6% | +0.1 pts | 7.5% |
| 2022 | 4.2% | +1.2 pts | 3.0% |
| 2021 | 3.0% | +0.1 pts | 2.9% |
| 2020 | 11.7% | −0.2 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
0.98%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.81%
- Brokerage
- 0.01%
- Transaction charges
- 0.02%
- Statutory levies
- 0.14%
- Exit load
- Exit load of 0.25% shall be applicable if units are redeemed within 15 days from the date of allotment.
- 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 | 0.10 | 0.24 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.15 | 0.32 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 3.23 | 3.48 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Gilt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt53.0%
- Other47.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 46.96% | ₹3,858 Cr | -39.63% | +94.02% | -21.63% |
| GOI | Sovereign | 23.16% | ₹1,902 Cr | +2.20% | +29.50% | +1.45% |
| Maharashtra State | Others | 8.62% | ₹708 Cr | — | — | +1.03% |
| Andhra Pradesh State | Financial | 6.56% | ₹539 Cr | — | — | — |
| Reserve Bank of India | Financial | 6.02% | ₹494 Cr | +1.37% | +7.03% | — |
| West Bengal State | Others | 4.16% | ₹341 Cr | +3.87% | — | — |
| Kerala State | Others | 2.00% | ₹164 Cr | +2.44% | +3.12% | — |
| Bihar State | Others | 1.85% | ₹152 Cr | +1.73% | +1.50% | — |
| Mizoram State | Financial | 0.12% | ₹10.08 Cr | +0.11% | +0.10% | — |
| Chhattisgarh State | Others | 0.10% | ₹8.13 Cr | — | — | — |
| Deutsche Bank AG (India) | Financial | -3.65% | ₹-300.00 Cr | — | — | — |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | -3.65% | ₹-300.00 Cr | — | -2.94% | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -3.65% | ₹-300.00 Cr | — | -2.94% | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | -3.65% | ₹-300.00 Cr | — | — | — |
| State Bank of India | Financial | -3.65% | ₹-300.00 Cr | — | -4.90% | — |
| Standard Chartered Bank | Financial | -7.30% | ₹-600.00 Cr | — | -2.94% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 63.81% | 29.21% | -34.59% |
| GOI | 36.06% | 23.16% | -12.90% |
| Maharashtra State | 0.93% | 8.62% | +7.69% |
| Reserve Bank of India | 1.68% | 6.02% | +4.34% |
| State Bank of India | 0.00% | -3.65% | -3.65% |
| company:14064 | -3.61% | 0.00% | +3.61% |
| company:1570 | -3.61% | 0.00% | +3.61% |
| company:5993 | -3.61% | 0.00% | +3.61% |
| company:5849 | 2.48% | 0.00% | -2.48% |
| Standard Chartered Bank | -7.22% | -7.30% | -0.08% |
| Deutsche Bank AG (India) | -3.61% | -3.65% | -0.04% |
| Hongkong & Shanghai Banking Corpn. Ltd. | -3.61% | -3.65% | -0.04% |
| ICICI Securities Primary Dealership Ltd. | -3.61% | -3.65% | -0.04% |
| Nomura Fixed Income Securities Pvt. Ltd. | -3.61% | -3.65% | -0.04% |
| West Bengal State | 4.14% | 4.16% | +0.02% |
| Kerala State | 1.99% | 2.00% | +0.01% |
| Bihar State | 1.84% | 1.85% | +0.01% |
| Mizoram State | 0.12% | 0.12% | 0.00% |
| Andhra Pradesh State | 6.56% | 6.56% | 0.00% |
| Chhattisgarh State | 0.10% | 0.10% | 0.00% |
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 | ₹2,114 Cr | 1.04% | 4.7% | 5.5% | 6.0% |
 ICICI Prudential Gilt Fund | ₹7,950 Cr | 1.11% | 3.4% | 5.4% | 6.2% |
 Bandhan Gilt Fund | ₹1,713 Cr | 1.17% | 7.4% | 6.4% | 6.5% |
 UTI Gilt Fund | ₹420 Cr | 0.85% | 4.3% | 5.4% | 5.9% |
 Axis Gilt Fund | ₹341 Cr | 0.86% | 3.8% | 5.3% | 6.0% |
 Franklin India Gilt Fund | ₹147 Cr | 1.22% | 4.5% | 5.3% | 5.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate returns through investments in government securities. It will normally maintain an average maturity of more than three years.
Fund managers
- Sudhir AgrawalMr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.Prior to joining SBI MF he has worked with UTI MF, TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.
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 months2.90% absolute | ₹60,000 | ₹61,740 | 2.90% | |
| 1 year3.44% annualised | ₹1,20,000 | ₹1,22,260 | 1.88% | |
| 3 years6.09% annualised | ₹3,60,000 | ₹3,95,890 | 9.97% | |
| 5 years5.74% annualised | ₹6,00,000 | ₹6,96,373 | 16.06% |
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.