HDFC Gilt Fund

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

The HDFC Gilt Fund is a 24 yrs 6 m old fund and has delivered average annual returns of 7.23% since inception. HDFC Gilt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 3.79% 6.53% 5.12% 6.75% 7.23%

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

The HDFC Gilt Fund has an expense ratio of 0.93% , 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)
₹55.6283-0.43% 1 day change	7.23% p.a.	App exclusive #NA View Ranked Funds	₹2,914 Cr

Historical NAV & returns

NAV: ₹55.6283 as on Feb 02, 2026

This fund Category average

HDFC Gilt Fund overview

AUM (Fund size)	₹2,914 Cr
Exit load	0%
Lock-in Period	Nil
Age	24 yrs 6 m since Jul 16, 2001
Benchmark	NIFTY All Duration G-Sec Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.93% as on Feb 02, 2026
Plan type	Regular
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	-0.28%	-0.45%
3 Months	0.07%	-0.2%
6 Months	-0.35%	-0.9%
1 Year	3.79%	2.85%
2 Years	6.08%	5.33%
3 Years	6.53%	6.1%
4 Years	5.86%	5.56%
5 Years	5.12%	4.94%
7 Years	6.19%	6.51%
10 Years	6.75%	7.0%

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	-0.28%	-0.35%	3.79%	6.53%	5.12%	6.75%
SBI Gilt Fund	0.08%	-0.16%	3.72%	6.64%	5.78%	7.73%
SBI Gilt Fund	0.08%	-0.16%	3.72%	6.64%	5.78%	7.73%
Axis Gilt Fund	-0.3%	-0.07%	4.1%	6.95%	5.35%	7.08%
SBI Gilt Fund	0.08%	-0.14%	3.75%	6.65%	5.78%	7.73%
ICICI Prudential Gilt Fund	-0.25%	0.61%	5.7%	7.47%	6.18%	8.12%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Gilt Fund	2.76	0.75	0.18	0.22
SBI Gilt Fund	3.08	0.84	0.2	0.29
SBI Gilt Fund	3.08	0.84	0.2	0.29
Axis Gilt Fund	3.0	0.82	0.3	0.46
SBI Gilt Fund	3.08	0.84	0.2	0.29
ICICI Prudential Gilt Fund	1.91	0.49	0.71	0.83

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Gilt Fund	N.A.	2,914 Cr	24 yrs 6 m	0.93%
SBI Gilt Fund	N.A.	10,817 Cr	25 yrs 1 m	0.96%
SBI Gilt Fund	N.A.	10,817 Cr	22 yrs 2 m	0.96%
Axis Gilt Fund	N.A.	686 Cr	14 yrs	0.82%
SBI Gilt Fund	N.A.	10,817 Cr	22 yrs 2 m	0.96%
ICICI Prudential Gilt Fund	N.A.	9,181 Cr	26 yrs 6 m	1.1%

View all Gilt funds

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

Alpha	-0.62 vs. 1.57 Underperformed at beating benchmark
Sharpe	0.18 vs. 1.85 Poor risk-adjusted returns
Beta	0.75 vs. 0.43 More sensitive to market's ups & downs
Standard deviation	2.76 vs. 2.74 More volatile performance

Compare HDFC Gilt Fund in detail with

About this fund

About HDFC Gilt Fund

HDFC Gilt Fund is a Gilt mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 24 yrs 6 m, having been launched on 16/07/2001. HDFC Gilt Fund 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 as of 02/02/2026 is ₹55.63. The fund has an expense ratio of 0.93%, which is higher than what most other Gilt funds charge.

HDFC Gilt Fund returns of last 1-year are 3.86%. Since launch, it has delivered 7.21% average annual returns. The fund has doubled the money invested in it every 11 yrs.
HDFC Gilt Fund 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	3.97%	12.04%
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	941 Cr	5.73%	N.A.
HDFC NIFTY G-Sec Apr 2029 Index Fund	N.A.	173 Cr	7.71%	N.A.
HDFC Nifty G-Sec July 2031 Index	N.A.	669 Cr	6.75%	7.98%
HDFC Nifty G-Sec Sep 2032 Index	N.A.	649 Cr	6.47%	7.92%
HDFC Floating Rate Debt Fund	N.A.	16,224 Cr	7.32%	7.8%

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 plan is approximately ₹55.6283 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HDFC Gilt Fund is a 24 yrs 6 m old fund and has delivered average annual returns of 7.23% since inception.

HDFC Gilt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
3.79%	6.53%	5.12%	6.75%	7.23%

How much does this mutual fund charge as expense ratio?

The HDFC Gilt Fund has an expense ratio of 0.93%, 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 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 Outperformance: This fund has generated highest return amongst Gilt funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.