Lending to the government for about ten years. At least 80% in government securities, held at a portfolio maturity of about ten years.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Bandhan 10 year Constant Maturity Gilt Fund (+7.2% a year), ICICI Prudential 10 year Constant Maturity Gilt Fund (+6.8% a year) and SBI 10 Year Constant Maturity Gilt Fund (+6.3% a year). Past returns do not tell you future returns.
| +3.0% | +7.2% | +5.5% | 1/5 | — | — | |
ICICI Prudential 10 year Constant Maturity Gilt Fund ICICI Prudential | +2.6% | +6.8% | +5.5% | 2/5 | 0.45% | ₹1,860 cr |
| +1.6% | +6.3% | +5.2% | 3/5 | 0.63% | ₹1,460 cr | |
| +1.5% | +6.1% | — | 4/5 | 0.77% | ₹103 cr | |
| +0.4% | +5.8% | +4.6% | 5/5 | 0.50% | ₹41 cr |
Answered from the figures above, updated every business day
5 funds, managing ₹3,464 cr between them as of 3 Nov 2026. The largest is ICICI Prudential 10 year Constant Maturity Gilt Fund, at ₹1,860 cr.
The average 10-year Constant Maturity Gilt fund returned +1.8% over the last year, +6.5% a year over three years, +5.2% a year over five years. Over the last year the funds ranged from +0.4% to +3.0%. Past returns do not tell you future returns.
ICICI Prudential 10 year Constant Maturity Gilt Fund, at 0.45% a year, against 0.57% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Bandhan 10 year Constant Maturity Gilt Fund, at +7.2% a year over the last three years, against +6.5% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 3.4%: the higher it is, the more the price swings from day to day. 4 of 5 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.