Best Gilt Fund Mutual Funds

Gilt funds lend only to the government, so credit risk is effectively nil. They do carry interest-rate risk: when yields rise, NAVs fall, and long-duration gilts move the most.

We currently track 27 direct-plan Gilt Fund schemes from 23 fund houses with a median 5-year CAGR of 5.4%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.

Showing 27 of 27 schemes · sorted by Y5 low to high · page 1 of 1

Rank by1Y CAGR 3Y CAGR 5Y CAGR 10Y CAGR

Sort by1M 6M 1Y 3Y 5Y 10Y

Mutual funds with CAGR across 1, 3, 5 and 10 year horizons
#	Fund	Category	NAV	Today	1Mreturn	6Mreturn	1YCAGR	3YCAGR	5YCAGR	10YCAGR
1	LIC MF Gilt Fund - GrowthLIC · #100319	Gilt Fund	₹34.58	-0.29%	-0.49%	+2.31%	+0.22%	+4.72%	+4.14%	+5.46%
2	LIC MF Gilt Fund - Direct Plan - GrowthLIC · #120282	Gilt Fund	₹66.44	-0.29%	-0.45%	+2.52%	+0.73%	+5.41%	+4.85%	+6.25%
3	Aditya Birla Sun Life Gilt Fund - Direct Plan - GROWTHAditya Birla Sun Life · #119605	Gilt Fund	₹87.22	-0.54%	-0.88%	+1.29%	-0.68%	+5.38%	+4.88%	+6.62%
4	Edelweiss Gilt Fund - Direct Plan - GrowthEdelweiss · #140298	Gilt Fund	₹26.29	-0.36%	-1.08%	+0.75%	-0.24%	+5.81%	+5.09%	—
5	Kotak Gilt Fund - Direct Plan - GrowthKotak Mahindra · #119759	Gilt Fund	₹110.33	-0.38%	-0.87%	+2.10%	+0.32%	+5.56%	+5.16%	+6.66%
6	Kotak Gilt Fund - Direct Plan - Investment Provident Fund and Trust-GrowthKotak Mahindra · #119757	Gilt Fund	₹113.00	-0.38%	-0.87%	+2.10%	+0.32%	+5.57%	+5.16%	+6.67%
7	Canara Robeco Gilt Fund - Direct Plan - GROWTH OPTIONCanara Robeco · #118299	Gilt Fund	₹82.85	-0.23%	-0.82%	+1.59%	+1.14%	+5.92%	+5.25%	+6.20%
8	PGIM India Gilt Fund - Direct Plan - Direct GrowthPGIM India · #138472	Gilt Fund	₹33.14	-0.29%	-1.02%	+1.25%	-0.11%	+5.92%	+5.29%	+6.31%
9	HDFC Gilt Fund - Direct Plan - Growth OptionHDFC · #119116	Gilt Fund	₹59.82	-0.29%	-0.79%	+1.76%	+1.29%	+6.17%	+5.31%	+5.77%
10	Franklin India Gilt Fund - Direct Plan - GrowthFranklin Templeton · #118498	Gilt Fund	₹67.52	-0.16%	-0.56%	+2.44%	+3.99%	+6.35%	+5.33%	+5.43%
11	UTI - Gilt Fund - Direct Plan - GrowthUTI · #120792	Gilt Fund	₹67.43	-0.67%	-1.04%	+0.48%	+3.19%	+6.41%	+5.44%	+6.71%
12	Nippon India Gilt Fund - Direct Plan - Defined Maturity Date OptionNippon India · #118673	Gilt Fund	₹44.11	-0.37%	-0.66%	+2.05%	+1.67%	+6.26%	+5.49%	+7.15%
13	Nippon India Gilt Fund - Direct Plan - Growth OptionNippon India · #118672	Gilt Fund	₹43.99	-0.37%	-0.66%	+2.05%	+1.67%	+6.26%	+5.49%	+7.15%
14	BARODA BNP PARIBAS GILT FUND - Direct Plan - Growth OptionBaroda BNP Paribas · #119341	Gilt Fund	₹47.97	-0.34%	-0.64%	+1.84%	+1.36%	+6.43%	+5.51%	+6.16%
15	Invesco India Gilt Fund - Direct Plan - GrowthInvesco · #120520	Gilt Fund	₹3,176.02	-0.55%	-1.60%	+1.21%	+0.63%	+6.16%	+5.51%	+5.94%
16	Tata Gilt Fund - Direct Plan - Growth OptionTata · #119953	Gilt Fund	₹88.96	-0.44%	-1.74%	+1.52%	+0.06%	+6.15%	+5.61%	+6.23%
17	DSP Gilt Fund - Direct Plan - GrowthDSP · #119099	Gilt Fund	₹104.59	-0.52%	-1.06%	+2.25%	+0.76%	+6.59%	+5.75%	+7.12%
18	Axis Gilt Fund - Direct Plan - Growth OptionAxis · #120447	Gilt Fund	₹28.23	-0.29%	-0.73%	+2.04%	+2.23%	+6.96%	+5.81%	+6.72%
19	SBI GILT FUND - Direct Plan - GrowthSBI · #119707	Gilt Fund	₹72.54	-0.11%	-0.24%	+2.34%	+2.62%	+6.55%	+6.22%	+7.30%
20	ICICI Prudential Gilt Fund - Direct Plan - GrowthICICI Prudential · #120590	Gilt Fund	₹114.82	-0.53%	-1.59%	+1.29%	+1.86%	+6.45%	+6.26%	+7.16%
21	Bandhan Gilt Fund - Direct Plan - GrowthBandhan · #118464	Gilt Fund	₹40.89	-0.02%	+0.27%	+4.28%	+7.11%	+8.26%	+6.42%	+7.62%
22	Union Gilt Fund - Direct Plan - Growth OptionUnion · #150407	Gilt Fund	₹12.24	-0.75%	-1.24%	+0.60%	-2.00%	+4.69%	—	—
23	HSBC Gilt Fund - Direct Plan - GrowthHSBC · #151014	Gilt Fund	₹76.83	-0.35%	-0.64%	+1.66%	+0.67%	+5.84%	—	—
24	quant Gilt Fund - Direct Plan - Growth OptionQuant · #151228	Gilt Fund	₹12.44	-0.24%	-0.99%	+1.51%	+1.82%	+5.71%	—	—
25	Bajaj Finserv Gilt Fund - Direct Plan - GrowthBajaj Finserv · #153206	Gilt Fund	₹1,075.40	+0.04%	-0.17%	+2.66%	+2.86%	—	—	—
26	Groww Gilt Fund - Direct Plan - GrowthGroww · #153477	Gilt Fund	₹10.01	-0.11%	-0.05%	+1.11%	-0.02%	—	—	—
27	Groww Gilt Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · #153502	Gilt Fund	₹10.01	-0.11%	-0.05%	+1.11%	-0.03%	—	—	—

Gilt Fund funds — frequently asked questions

Which Gilt Fund fund has the highest 5-year CAGR?

Bandhan Gilt Fund - Direct Plan - Growth currently leads the Gilt Fund category with a 5-year CAGR of 6.4%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.

What is a good 5-year return for a Gilt Fund fund?

Across the 27 Gilt Fund schemes we track, the median 5-year CAGR is 5.4%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.

How is CAGR calculated on this page?

CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.

Why does this list only show direct plans?

Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.