Gilt Index Mutual Funds

All 49 gilt index funds, Direct Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.

Category average

+7.5%

3-year return, annualised

Category average

+6.1%

5-year return, annualised

Category average

1.9%

Volatility, 3 years

Category average

0.19%

Expense ratio

Gilt Index funds compared

Direct plan, Growth option. Returns as of 7 Oct 2026. Click a column heading to sort.

Returns (3Y and 5Y annualised)ConsistencyRiskCost and size
1Bandhan CRISIL IBX Gilt April 2028 Index Fund
+5.1%+7.6%+6.1%3 of 41.2%-2.9%0.20%₹3,398 Cr
2Bandhan CRISIL IBX Gilt June 2027 Index Fund
+5.2%+7.5%+6.0%1 of 41.0%-3.1%0.20%₹5,262 Cr
3Bandhan CRISIL IBX 90:10 SDL Plus GILT Sep27 Index Fund
+5.7%+7.7%N/A2 of 41.1%N/A0.09%₹144 Cr
4Tata NIFTY G-Sec Dec 2029 Index Fund
+3.9%+7.7%N/A2 of 32.0%N/A0.19%₹133 Cr
5HDFC NIFTY G-Sec Apr 2029 Index Fund
+4.2%+7.6%N/A2 of 31.9%N/A0.21%₹153 Cr
6HDFC NIFTY G-Sec July 2031 Index Fund
+3.4%+7.6%N/A3 of 42.9%N/A0.16%₹638 Cr
7Aditya Birla Sun Life CRISIL IBX Gilt-Apr-2029 Index Fund
+4.0%+7.6%N/A3 of 41.9%N/A0.22%₹610 Cr
8Nippon India NIFTY SDL Plus G-Sec
+5.3%+7.6%N/A3 of 41.5%N/A0.20%₹333 Cr
9Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Sep 2028 Index Fund
+4.9%+7.6%N/A2 of 41.6%N/A0.20%₹129 Cr
10HDFC NIFTY G-Sec Jun 2036 Index Fund
+3.0%+7.6%N/A1 of 33.4%N/A0.20%₹859 Cr
11Nippon India NIFTY SDL Plus G-Sec-Jun 2029 Maturity 70 30 Index Fund
+4.7%+7.6%N/A2 of 31.9%N/A0.20%₹324 Cr
12Aditya Birla Sun Life CRISIL IBX 50 50 Gilt Plus SDL Apr 2028 Index Fund
+5.0%+7.6%N/A3 of 41.5%N/A0.20%₹405 Cr
13DSP NIFTY SDL Plus G-Sec Jun 2028 30:70 Index Fund
+5.1%+7.6%N/A2 of 41.3%N/A0.16%₹1,649 Cr
14Axis CRISIL IBX 50 50 Gilt Plus SDL June 2028 Index Fund
+5.2%+7.6%N/A2 of 31.5%N/A0.19%₹337 Cr
15SBI CRISIL IBX Gilt Index April 2029 Fund
+3.9%+7.6%N/A3 of 42.0%N/A0.21%₹1,948 Cr
16HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund
+5.2%+7.6%N/A2 of 41.4%N/A0.19%₹1,749 Cr
17ICICI Prudential NIFTY G-Sec Dec 2030 Index Fund
+3.3%+7.6%N/A3 of 42.4%N/A0.20%₹814 Cr
18DSP NIFTY SDL Plus G-Sec Sep 2027 50 50 Index Fund
+5.4%+7.6%N/A2 of 31.1%N/A0.16%₹88 Cr
19Nippon India NIFTY G-Sec Jun 2036 Maturity Index Fund
+2.7%+7.5%N/A2 of 43.4%N/A0.20%₹713 Cr
20HDFC NIFTY G-Sec Sep 2032 Index Fund
+3.0%+7.5%N/A2 of 43.1%N/A0.19%₹626 Cr
21Bandhan CRISIL IBX GILT APRIL 2032 Index Fund
+3.2%+7.5%N/A1 of 32.9%N/A0.20%₹414 Cr
22AXIS CRISIL IBX 50 50 Gilt Plus SDL September 2027 Index Fund
+5.4%+7.5%N/A2 of 31.0%N/A0.15%₹36 Cr
23Nippon India NIFTY G-Sec Oct 2028 Maturity Index Fund
+4.4%+7.5%N/A1 of 31.6%N/A0.20%₹127 Cr
24HDFC NIFTY SDL Plus G-Sec Jun 2027 40 60 Index Fund
+5.4%+7.5%N/A1 of 30.9%N/A0.21%₹49 Cr
25Edelweiss CRISIL IBX 50 50 Gilt Plus SDL June 2027 Index Fund
+5.5%+7.5%N/A1 of 40.9%N/A0.20%₹94 Cr
26Invesco India Nifty G-sec Sep 2032 Index Fund
+3.0%+7.5%N/A1 of 33.0%N/A0.15%₹53 Cr
27Invesco India Nifty G-sec Jul 2027 Index Fund
+5.3%+7.5%N/A2 of 31.0%N/A0.15%₹81 Cr
28HSBC CRISIL IBX Gilt June 2027 Index Fund
+5.2%+7.5%N/A2 of 31.0%N/A0.15%₹181 Cr
29HDFC NIFTY G-Sec Jun 2027 Index Fund
+5.3%+7.5%N/A1 of 41.0%N/A0.20%₹568 Cr
30Nippon India NIFTY G-Sec Sep 2027 Maturity Index Fund
+5.2%+7.5%N/A2 of 41.0%N/A0.20%₹355 Cr
31SBI CRISIL IBX Gilt Index June 2036 Fund
+2.7%+7.4%N/A2 of 43.4%N/A0.28%₹2,616 Cr
32Bandhan CRISIL IBX 90:10 SDL Plus GILT NOV 2026 Index Fund
+5.7%+7.4%N/A1 of 40.7%N/A0.09%₹90 Cr
33Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund
+2.7%+7.4%N/A2 of 43.0%N/A0.18%₹209 Cr
34PGIM India CRISIL IBX Gilt Index Apr 2028 Fund
+4.7%+7.3%N/A2 of 31.2%N/A0.46%₹22 Cr
35Tata NIFTY G Sec Dec 2026 Index Fund
+5.6%+7.3%N/A1 of 30.7%N/A0.17%₹73 Cr
36HDFC NIFTY G-Sec Dec 2026 Index Fund
+5.5%+7.3%N/A1 of 40.7%N/A0.20%₹932 Cr
37Bandhan CRISIL IBX 90:10 SDL Plus GILT APRIL 2032 Index Fund
+4.0%+7.3%N/A1 of 43.0%N/A0.09%₹392 Cr
38DSP CRISIL-IBX 50:50 Gilt Plus SDL April 2033 Index Fund
+3.2%+7.2%N/A1 of 32.9%N/A0.15%₹277 Cr
39Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund
+4.7%+7.2%N/A1 of 31.2%N/A0.52%₹21 Cr
40Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Short Duration Index fund
+4.3%+7.1%N/A0 of 31.5%N/A0.20%₹146 Cr
41Edelweiss CRISIL IBX 50 50 Gilt Plus SDL April 2037 Index Fund
+2.6%+7.1%N/A2 of 43.4%N/A0.18%₹891 Cr
42Bandhan CRISIL-IBX 10 90 Gilt Plus SDL Index
+5.4%N/AN/A1 of 1N/AN/A0.00%₹0 Cr
43Aditya Birla Sun Life Crisil IBX Gilt June 2027 Index Fund
+5.0%N/AN/A1 of 2N/AN/A0.31%₹13 Cr
44Aditya Birla Sun Life Crisil IBX Gilt Apr 2033 Index Fund
+3.2%N/AN/A1 of 32.9%N/A0.20%₹27 Cr
45Kotak NIFTY G-Sec July 2033 Index Fund
+3.0%N/AN/A1 of 32.9%N/A0.14%₹22 Cr
46JioBlackRock NIFTY 8-13 yr G-Sec Index Fund
+1.7%N/AN/A0 of 1N/AN/A0.12%₹31 Cr
47SBI CRISIL-IBX 10 90 GILT + SDL Index DEC 2029 Index Fund
N/AN/AN/AN/AN/AN/A0.22%₹43 Cr
48SBI NIFTY G-SEC JUL 2031 Index Fund
N/AN/AN/AN/AN/AN/A0.21%₹17 Cr
49Zerodha NIFTY Short Duration G-Sec Index Fund
N/AN/AN/AN/AN/AN/A0.22%₹25 Cr

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Click a heading to sort by another figure. Top half, by year shows the fund's quartile in the category each calendar year from 2017 to 2026(green top quarter, grey second, amber third, red bottom; an outline means too young to rank) and how many of those years it finished in the top half. Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.

What a gilt index fund is

Gilt index funds track an index of government bonds, many of them maturing on a fixed date (target maturity funds).

Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.

Investing from the UAE

NRIs living in the UAE can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada, or accept them only offline. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

Questions

How are these gilt index funds ordered?

By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.

Can NRIs living in the UAE invest in gilt index funds?

Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.

How are gains taxed for NRIs?

It depends on the fund's share of equity and on when your units were bought. For NRIs the fund house deducts tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.

Fund data comes from RuDo Wealth fund analytics; every return, volatility and worst fall is computed from the fund's ownDirect Growth NAV. Method reviewed by Alok Kumar, Chief Executive Officer, RuDo Digital Wealth, October 2026.

RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

This page is general information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.

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