Lending to the government. At least 80% in government securities.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Bandhan Gilt Fund (+7.6% a year), Axis Gilt Fund (+6.7% a year) and Baroda BNP Paribas Gilt Fund (+6.2% a year). Past returns do not tell you future returns.
Bandhan Gilt Fund Bandhan | +6.7% | +7.6% | +5.8% | 1/21 | 1.20% | ₹1,661 cr |
Axis Gilt Fund Axis | +3.3% | +6.7% | +5.5% | 2/21 | 0.89% | ₹378 cr |
Baroda BNP Paribas Gilt Fund Baroda BNP Paribas | +2.2% | +6.2% | +5.2% | 3/21 | 0.44% | ₹495 cr |
| +3.4% | +6.2% | +5.3% | 4/21 | 0.85% | ₹411 cr | |
| +3.4% | +6.1% | +5.8% | 5/21 | 1.00% | ₹8,030 cr | |
ICICI Prudential Gilt Fund ICICI Prudential | +2.2% | +5.9% | +5.7% | 6/21 | 1.11% | ₹9,027 cr |
| +1.9% | +5.8% | +5.2% | 7/21 | 1.18% | ₹1,064 cr | |
HDFC Gilt Fund HDFC | +2.0% | +5.7% | +4.9% | 8/21 | 0.82% | ₹1,777 cr |
Franklin India Gilt Fund Franklin Templeton | +3.6% | +5.6% | +4.8% | 9/21 | 1.22% | ₹144 cr |
Invesco India Gilt Fund Invesco | +1.5% | +5.5% | +4.8% | 10/21 | 1.25% | ₹99 cr |
Nippon India Gilt Fund Nippon India | +2.3% | +5.5% | +4.7% | 11/21 | 1.21% | ₹1,392 cr |
Edelweiss Gilt Fund Edelweiss | +0.7% | +5.2% | +4.5% | 12/21 | 1.15% | ₹117 cr |
Canara Robeco Gilt Fund Canara Robeco | +1.6% | +5.1% | +4.5% | 13/21 | 1.23% | ₹110 cr |
PGIM India Gilt Fund PGIM India | +1.0% | +5.1% | +4.4% | 14/21 | 1.42% | ₹84 cr |
Tata Gilt Fund Tata | +0.9% | +5.0% | +4.6% | 15/21 | 1.32% | ₹674 cr |
| +2.2% | +4.8% | +4.3% | 16/21 | 1.10% | ₹44 cr | |
Aditya Birla Sun Life Gilt Fund Aditya Birla Sun Life | +1.1% | +4.8% | +4.4% | 17/21 | 1.15% | ₹1,061 cr |
HSBC Gilt Fund HSBC | +1.0% | +4.7% | — | 18/21 | 1.60% | ₹149 cr |
quant Gilt Fund quant | +1.4% | +4.7% | — | 19/21 | 1.51% | ₹71 cr |
Kotak Gilt Fund Kotak Mahindra | +1.6% | +4.5% | +4.3% | 20/21 | 1.49% | ₹1,929 cr |
Union Gilt Fund Union | +0.3% | +4.4% | — | 21/21 | 1.08% | ₹74 cr |
Bajaj Finserv Gilt Fund Bajaj Finserv | +3.4% | — | — | — | 1.35% | ₹32 cr |
Groww Gilt Fund Groww | +1.0% | — | — | — | 1.68% | ₹33 cr |
Answered from the figures above, updated every business day
23 funds, managing ₹28,856 cr between them as of 3 Nov 2026. The largest is ICICI Prudential Gilt Fund, at ₹9,027 cr.
The average Gilt fund returned +2.1% over the last year, +5.5% a year over three years, +4.9% a year over five years. Over the last year the funds ranged from +0.3% to +6.7%. Past returns do not tell you future returns.
Baroda BNP Paribas Gilt Fund, at 0.44% a year, against 1.20% 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 Gilt Fund, at +7.6% a year over the last three years, against +5.5% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 3.3%: the higher it is, the more the price swings from day to day. 22 of 23 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.
Looking at a different kind of fund? See every category.
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.