# Gilt funds

At least 80% in government securities.

Full page: https://discovermf.com/categories/gilt
Figures as of 4 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

23 funds managing ₹28,898 cr. Category averages: +2.6% over one year, +5.7% a year over three years; typical expense ratio 1.20%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Bandhan Gilt Fund](https://discovermf.com/funds/bandhan-gilt-fund-111525.md) | +6.6% | +7.6% | +5.8% | 3.1% | 1.20% | ₹1,660 cr |
| [Axis Gilt Fund](https://discovermf.com/funds/axis-gilt-fund-116471.md) | +3.8% | +6.9% | +5.7% | 3.3% | 0.89% | ₹390 cr |
| [UTI Gilt Fund](https://discovermf.com/funds/uti-gilt-fund-102510.md) | +4.2% | +6.5% | +5.5% | 2.7% | 0.85% | ₹412 cr |
| [Baroda BNP Paribas Gilt Fund](https://discovermf.com/funds/baroda-bnp-paribas-gilt-fund-101187.md) | +2.7% | +6.4% | +5.3% | 3.2% | 0.44% | ₹496 cr |
| [SBI Gilt Fund](https://discovermf.com/funds/sbi-gilt-fund-101001.md) | +3.6% | +6.2% | +5.9% | 2.5% | 1.00% | ₹8,036 cr |
| [ICICI Prudential Gilt Fund](https://discovermf.com/funds/icici-prudential-gilt-fund-100369.md) | +3.1% | +6.2% | +5.9% | 3.6% | 1.11% | ₹9,041 cr |
| [DSP Gilt Fund](https://discovermf.com/funds/dsp-gilt-fund-100084.md) | +2.5% | +6.0% | +5.3% | 4.8% | 1.18% | ₹1,064 cr |
| [HDFC Gilt Fund](https://discovermf.com/funds/hdfc-gilt-fund-101083.md) | +2.3% | +5.8% | +5.0% | 3.2% | 0.82% | ₹1,777 cr |
| [Invesco India Gilt Fund](https://discovermf.com/funds/invesco-india-gilt-fund-107477.md) | +2.2% | +5.8% | +5.0% | 4.6% | 1.25% | ₹98.8 cr |
| [Franklin India Gilt Fund](https://discovermf.com/funds/franklin-india-gilt-fund-100493.md) | +3.7% | +5.7% | +4.8% | 2.7% | 1.22% | ₹143 cr |
| [Nippon India Gilt Fund](https://discovermf.com/funds/nippon-india-gilt-fund-109720.md) | +2.8% | +5.7% | +4.8% | 3.6% | 1.21% | ₹1,392 cr |
| [Edelweiss Gilt Fund](https://discovermf.com/funds/edelweiss-gilt-fund-140297.md) | +1.1% | +5.4% | +4.6% | 3.5% | 1.15% | ₹117 cr |
| [Canara Robeco Gilt Fund](https://discovermf.com/funds/canara-robeco-gilt-fund-100597.md) | +1.9% | +5.3% | +4.6% | 2.8% | 1.23% | ₹110 cr |
| [Tata Gilt Fund](https://discovermf.com/funds/tata-gilt-fund-101042.md) | +1.4% | +5.2% | +4.8% | 4.6% | 1.32% | ₹675 cr |
| [PGIM India Gilt Fund](https://discovermf.com/funds/pgim-india-gilt-fund-138470.md) | +1.4% | +5.2% | +4.5% | 3.3% | 1.42% | ₹83.4 cr |
| [LIC MF Gilt Fund](https://discovermf.com/funds/lic-mf-gilt-fund-100317.md) | +2.6% | +5.0% | +4.4% | 4.4% | 1.10% | ₹43.6 cr |
| [Aditya Birla Sun Life Gilt Fund](https://discovermf.com/funds/aditya-birla-sun-life-gilt-fund-100058.md) | +1.5% | +5.0% | +4.5% | 4.5% | 1.16% | ₹1,060 cr |
| [HSBC Gilt Fund](https://discovermf.com/funds/hsbc-gilt-fund-151013.md) | +1.4% | +4.9% | — | 3.4% | 1.60% | ₹149 cr |
| [quant Gilt Fund](https://discovermf.com/funds/quant-gilt-fund-151230.md) | +1.7% | +4.8% | — | 2.3% | 1.51% | ₹70.9 cr |
| [Kotak Gilt Fund](https://discovermf.com/funds/kotak-gilt-fund-100265.md) | +2.3% | +4.8% | +4.5% | 3.6% | 1.49% | ₹1,940 cr |
| [Union Gilt Fund](https://discovermf.com/funds/union-gilt-fund-150405.md) | +1.3% | +4.7% | — | 5.4% | 1.08% | ₹74 cr |
| [Bajaj Finserv Gilt Fund](https://discovermf.com/funds/bajaj-finserv-gilt-fund-153211.md) | +3.8% | — | — | 3.1% | 1.35% | ₹31.8 cr |
| [Groww Gilt Fund](https://discovermf.com/funds/groww-gilt-fund-153503.md) | +1.6% | — | — | 3.1% | 1.68% | ₹33.5 cr |

## Questions

### How many Gilt funds are there?

23 funds, managing ₹28,898 cr between them as of 4 Nov 2026. The largest is ICICI Prudential Gilt Fund, at ₹9,041 cr.

### What return have Gilt funds given?

The average Gilt fund returned +2.6% over the last year, +5.7% a year over three years, +5.0% a year over five years. Over the last year the funds ranged from +1.1% to +6.6%. Past returns do not tell you future returns.

### Which Gilt fund has the lowest expense ratio?

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.

### Which Gilt fund has the highest three-year return?

Bandhan Gilt Fund, at +7.6% a year over the last three years, against +5.7% for the average fund. Past returns do not tell you future returns.

### How risky are Gilt funds?

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.