HDFC Gilt Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The HDFC Gilt Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.42% since inception. HDFC Gilt Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 4.25% 7.0% 5.58% 7.2% 7.42%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Gilt Fund - Direct Growth has an expense ratio of 0.46% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹58.7079-0.42% 1 day change	7.42% p.a.	App exclusive #NA View Ranked Funds	₹2,914 Cr

Historical NAV & returns

NAV: ₹58.7079 as on Feb 02, 2026

This fund Category average

HDFC Gilt Fund overview

Expense ratio	0.46% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹2,914 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	NIFTY All Duration G-Sec Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Gilt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-0.24%	-0.4%
3 Months	0.18%	-0.06%
6 Months	-0.14%	-0.38%
1 Year	4.25%	3.66%
2 Years	6.54%	6.09%
3 Years	7.0%	6.84%
4 Years	6.32%	6.29%
5 Years	5.58%	5.67%
7 Years	6.64%	7.26%
10 Years	7.2%	7.78%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 97.74%

Cash & Call Money 2.26%

Top Debt Holdings

GOI 81.38%

Gujarat State 6.72%

Madhya Pradesh State 3.98%

Uttar Pradesh State 2.2%

Allocation by Instruments

GOI Securities 81.38000000000001%

State Development Loan 16.36%

Net Current Assets 1.96%

Repo 0.3%

Other Holdings

Others 1.96%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Gilt Fund	-0.24%	-0.14%	4.25%	7.0%	5.58%	7.2%
SBI Gilt Fund	0.12%	0.08%	4.22%	7.15%	6.29%	8.27%
Axis Gilt Fund	-0.26%	0.13%	4.52%	7.39%	5.87%	7.61%
PGIM India Gilt Fund	-0.51%	-0.92%	3.33%	6.95%	5.84%	7.31%
ICICI Prudential Gilt Fund	-0.21%	0.88%	6.26%	8.03%	6.76%	8.72%
DSP Gilt Fund	-0.62%	-0.73%	3.56%	7.21%	6.1%	8.13%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Gilt Fund	2.76	0.75	0.34	0.42
SBI Gilt Fund	3.08	0.84	0.36	0.52
Axis Gilt Fund	3.0	0.82	0.44	0.66
PGIM India Gilt Fund	2.97	0.83	0.32	0.44
ICICI Prudential Gilt Fund	1.91	0.49	0.98	1.15
DSP Gilt Fund	3.62	0.99	0.37	0.53

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Gilt Fund	N.A.	2,914 Cr	13 yrs 1 m	0.46%
SBI Gilt Fund	N.A.	10,817 Cr	13 yrs 1 m	0.46%
Axis Gilt Fund	N.A.	686 Cr	13 yrs 1 m	0.42%
PGIM India Gilt Fund	N.A.	104 Cr	13 yrs 1 m	0.55%
ICICI Prudential Gilt Fund	N.A.	9,181 Cr	13 yrs 1 m	0.57%
DSP Gilt Fund	N.A.	1,292 Cr	13 yrs 1 m	0.57%

View all Gilt funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.19 vs. 2.03 Underperformed at beating benchmark
Sharpe	0.34 vs. 2.3 Poor risk-adjusted returns
Beta	0.75 vs. 0.54 More sensitive to market's ups & downs
Standard deviation	2.76 vs. 2.74 More volatile performance

About this fund

About HDFC Gilt Fund

HDFC Gilt Fund Direct-Growth is a Gilt mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. HDFC Gilt Fund Direct-Growth has ₹2,914 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Gilt Fund Direct-Growth as of 02/02/2026 is ₹58.71. The fund has an expense ratio of 0.46%, which is close to what most other Gilt funds charge.

HDFC Gilt Fund Direct-Growth returns of last 1-year are 4.32%. Since launch, it has delivered 7.43% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HDFC Gilt Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, Gujarat State, Madhya Pradesh State, Uttar Pradesh State, Maharashtra State.

...

Fund AUM	2,914 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Anil Bamboli

Mr. 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.

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.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	9,43,197 Cr as on Dec 31, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	2,461 Cr	4.37%	12.76%
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	941 Cr	5.92%	N.A.
HDFC NIFTY G-Sec Apr 2029 Index Fund	N.A.	173 Cr	7.88%	N.A.
HDFC Nifty G-Sec July 2031 Index	N.A.	669 Cr	6.9%	8.15%
HDFC Nifty G-Sec Sep 2032 Index	N.A.	649 Cr	6.65%	8.11%
HDFC Credit Risk Debt Fund	N.A.	6,974 Cr	7.85%	8.08%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Gilt Fund Direct-Growth?

The current Net Asset Value (NAV) of the HDFC Gilt Fund - Direct Growth plan is approximately ₹58.7079 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HDFC Gilt Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.42% since inception.

HDFC Gilt Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
4.25%	7.0%	5.58%	7.2%	7.42%

How much does this mutual fund charge as expense ratio?

The HDFC Gilt Fund - Direct Growth has an expense ratio of 0.46%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HDFC Gilt Fund currently has assets under management (AUM) or fund size valued at approximately 2,914 Cr as on Dec 31, 2025.

To whom does HDFC Gilt Fund lend to?

The top 3 debt holdings of HDFC Gilt Fund are as follows

Holding Name	Percentage of Portfolio
GOI	81.38%
Gujarat State	6.72%
Madhya Pradesh State	3.98%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HDFC Gilt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	97.74%
Cash & Call Money	2.26%

What is risk level of HDFC Gilt Fund?

This is a Gilt fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HDFC Gilt Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HDFC Gilt Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the HDFC Gilt Fund is complete.

How can I redeem my investments in HDFC Gilt Fund?

Redeeming your investments in the HDFC Gilt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Gilt

#NA

Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.