HDFC Gilt Fund-Growth

Q: What are the returns of HDFC Gilt Fund?

The HDFC Gilt Fund is a 24 yrs 1 m old fund and has delivered average annual returns of 7.3% since inception. HDFC Gilt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 5.36% 6.81% 5.08% 6.66% 7.3%

Q: How much does HDFC Gilt Fund charge as the expense ratio?

The HDFC Gilt Fund - Direct Growth has an expense ratio of 0.89% , which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹54.8537+0.32% 1 day change	7.3% p.a.	App exclusive #NA View Ranked Funds	₹3,047 Cr

Historical NAV & returns

NAV: ₹54.8537 as on Sep 03, 2025

This fund Category average

HDFC Gilt Fund overview

Expense ratio	0.89% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹3,047 Cr
Lock-in Period	Nil
Age	24 yrs 1 m since Jul 16, 2001
Benchmark	NIFTY All Duration G-Sec Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
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 Sep 04, 2025

Period	This fund	Category average
1 Month	-1.74%	-1.93%
3 Months	-2.34%	-2.74%
6 Months	2.6%	2.15%
1 Year	5.36%	4.25%
2 Years	7.08%	6.62%
3 Years	6.81%	6.47%
4 Years	5.29%	5.2%
5 Years	5.08%	4.99%
7 Years	6.63%	7.11%
10 Years	6.66%	6.98%

Asset allocationas on May 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 96.64%

Cash & Call Money 3.36%

Top Debt Holdings

Gujarat State 3.64%

Uttar Pradesh State 0.35%

GOI 0.04%

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 1.42%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Gilt Fund	N.A.	3,047 Cr	24 yrs 1 m	0.89%
SBI Magnum Gilt Fund	N.A.	12,573 Cr	24 yrs 8 m	0.94%
PGIM India Gilt Fund	N.A.	117 Cr	16 yrs 11 m	1.38%
Axis Gilt Fund	N.A.	836 Cr	13 yrs 7 m	0.82%
DSP Gilt Fund	N.A.	1,904 Cr	25 yrs 11 m	1.15%
ICICI Prudential Gilt Fund	N.A.	7,347 Cr	26 yrs 1 m	1.09%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Gilt Fund	-1.74%	2.6%	5.36%	6.81%	5.08%	6.66%
SBI Magnum Gilt Fund	-1.45%	2.72%	4.84%	7.33%	5.76%	7.79%
PGIM India Gilt Fund	-1.73%	2.25%	4.42%	6.36%	4.9%	6.68%
Axis Gilt Fund	-1.61%	2.9%	5.34%	6.97%	5.47%	7.18%
DSP Gilt Fund	-1.72%	2.88%	4.62%	7.14%	5.63%	7.65%
ICICI Prudential Gilt Fund	-1.04%	3.81%	7.12%	7.71%	6.13%	7.95%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Gilt Fund	2.75	0.75	0.06	0.07
SBI Magnum Gilt Fund	3.02	0.81	0.2	0.28
PGIM India Gilt Fund	2.92	0.81	-0.08	-0.11
Axis Gilt Fund	2.97	0.8	0.12	0.19
DSP Gilt Fund	3.53	0.96	0.14	0.2
ICICI Prudential Gilt Fund	1.9	0.46	0.56	0.64

View all Gilt funds

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

Alpha	-0.9 vs. 1.24 Underperformed at beating benchmark
Sharpe	0.06 vs. 1.79 Poor risk-adjusted returns
Beta	0.75 vs. 0.34 More sensitive to market's ups & downs
Standard deviation	2.75 vs. 2.61 More volatile performance

Compare HDFC Gilt Fund in detail with

About this fund

About HDFC Gilt Fund

HDFC Gilt Fund-Growth is a Gilt mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 24 yrs 1 m, having been launched on 16/07/2001. HDFC Gilt Fund-Growth has ₹3,047 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Gilt Fund-Growth as of 03/09/2025 is ₹54.85. The fund has an expense ratio of 0.89%, which is higher than what most other Gilt funds charge.

HDFC Gilt Fund-Growth returns of last 1-year are 5.48%. Since launch, it has delivered 7.27% average annual returns. The fund has doubled the money invested in it every 11 yrs.
HDFC Gilt Fund-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 Gujarat State, Uttar Pradesh State, GOI.

...

Fund AUM	3,047 Cr as on May 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	77 view all schemes
Total AUM	8,37,348 Cr as on Jun 30, 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.	638 Cr	-1.16%	12.34%
HDFC Floating Rate Debt Fund	N.A.	15,221 Cr	8.11%	7.84%
HDFC Short Term Debt Fund	N.A.	15,486 Cr	8.18%	7.59%
HDFC Corporate Bond Fund	N.A.	34,775 Cr	7.83%	7.52%
HDFC Money Market Fund	N.A.	31,792 Cr	7.8%	7.42%
HDFC Credit Risk Debt Fund	N.A.	7,112 Cr	7.76%	7.29%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Gilt Fund?

The current Net Asset Value (NAV) of the HDFC Gilt Fund - Direct Growth plan is approximately ₹54.8537 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The HDFC Gilt Fund is a 24 yrs 1 m old fund and has delivered average annual returns of 7.3% since inception.

HDFC Gilt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
5.36%	6.81%	5.08%	6.66%	7.3%

How much does this mutual fund charge as expense ratio?

The HDFC Gilt Fund - Direct Growth has an expense ratio of 0.89%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 3,047 Cr as on May 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
Gujarat State	3.64%
Uttar Pradesh State	0.35%
GOI	0.04%

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	96.64%
Cash & Call Money	3.36%

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?

HDFC Gilt Fund-Growth is the regular plan of the fund. For this plan of you pay 0.89% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.46%. That's 0.43% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.43% if you opt for direct plan of HDFC Gilt Fund

How can I redeem my investments in HDFC Gilt Fund?

Redeeming your investments in HDFC Gilt Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in HDFC Gilt Fund 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 Outperformance: This fund has generated highest return amongst Gilt funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.