# Gilt Index mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/gilt-index-funds

Gilt index funds track an index of government bonds, many of them maturing on a fixed date (target maturity funds). (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 49 gilt index funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +7.5% a year, 5-year return +6.1% a year (both annualised), volatility over 3 years 1.9%, expense ratio 0.19%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Bandhan CRISIL IBX Gilt April 2028 Index Fund Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-gilt-april-2028-index-fund-direct-plan-growth) | +5.1% | +7.6% | +6.1% | 1.2% | -2.9% | 0.20% | ₹3,398 Cr |
| 2 | [Bandhan CRISIL IBX Gilt June 2027 Index Fund Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-gilt-june-2027-index-fund-direct-plan-growth) | +5.2% | +7.5% | +6.0% | 1.0% | -3.1% | 0.20% | ₹5,262 Cr |
| 3 | [Bandhan CRISIL IBX 90:10 SDL Plus GILT Sep27 Index Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-90-10-sdl-plus-gilt-sep27-index-fund-direct-growth) | +5.7% | +7.7% | N/A | 1.1% | N/A | 0.09% | ₹144 Cr |
| 4 | [Tata NIFTY G-Sec Dec 2029 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/tata-nifty-g-sec-dec-2029-index-fund-direct-plan-growth) | +3.9% | +7.7% | N/A | 2.0% | N/A | 0.19% | ₹133 Cr |
| 5 | [HDFC NIFTY G-Sec Apr 2029 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-g-sec-apr-2029-index-fund-growth-option-direct-plan) | +4.2% | +7.6% | N/A | 1.9% | N/A | 0.21% | ₹153 Cr |
| 6 | [HDFC NIFTY G-Sec July 2031 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-g-sec-july-2031-index-fund-growth-option-direct-plan) | +3.4% | +7.6% | N/A | 2.9% | N/A | 0.16% | ₹638 Cr |
| 7 | [Aditya Birla Sun Life CRISIL IBX Gilt-Apr-2029 Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-gilt-apr-2029-index-fund-direct-growth) | +4.0% | +7.6% | N/A | 1.9% | N/A | 0.22% | ₹610 Cr |
| 8 | [Nippon India NIFTY SDL Plus G-Sec - Jun 2028 Maturity 70 30 Index Fund-Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nifty-sdl-plus-g-sec-jun-2028-maturity-70-30-index-fund-direct-plan-growth-option) | +5.3% | +7.6% | N/A | 1.5% | N/A | 0.20% | ₹333 Cr |
| 9 | [Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Sep 2028 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/edelweiss-crisil-ibx-50-50-gilt-plus-sdl-sep-2028-index-fund-direct-plan-growth) | +4.9% | +7.6% | N/A | 1.6% | N/A | 0.20% | ₹129 Cr |
| 10 | [HDFC NIFTY G-Sec Jun 2036 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-g-sec-jun-2036-index-fund-growth-option-direct-plan) | +3.0% | +7.6% | N/A | 3.4% | N/A | 0.20% | ₹859 Cr |
| 11 | [Nippon India NIFTY SDL Plus G-Sec-Jun 2029 Maturity 70 30 Index Fund-Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nifty-sdl-plus-g-sec-jun-2029-maturity-70-30-index-fund-direct-plan-growth-option) | +4.7% | +7.6% | N/A | 1.9% | N/A | 0.20% | ₹324 Cr |
| 12 | [Aditya Birla Sun Life CRISIL IBX 50 50 Gilt Plus SDL Apr 2028 Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth) | +5.0% | +7.6% | N/A | 1.5% | N/A | 0.20% | ₹405 Cr |
| 13 | [DSP NIFTY SDL Plus G-Sec Jun 2028 30:70 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/dsp-nifty-sdl-plus-g-sec-jun-2028-30-70-index-fund-direct-growth) | +5.1% | +7.6% | N/A | 1.3% | N/A | 0.16% | ₹1,649 Cr |
| 14 | [Axis CRISIL IBX 50 50 Gilt Plus SDL June 2028 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-crisil-ibx-50-50-gilt-plus-sdl-june-2028-index-fund-direct-plan-growth) | +5.2% | +7.6% | N/A | 1.5% | N/A | 0.19% | ₹337 Cr |
| 15 | [SBI CRISIL IBX Gilt Index - April 2029 Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-crisil-ibx-gilt-index-april-2029-fund-direct-plan-growth) | +3.9% | +7.6% | N/A | 2.0% | N/A | 0.21% | ₹1,948 Cr |
| 16 | [HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth) | +5.2% | +7.6% | N/A | 1.4% | N/A | 0.19% | ₹1,749 Cr |
| 17 | [ICICI Prudential NIFTY G-Sec Dec 2030 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-nifty-g-sec-dec-2030-index-fund-direct-plan-growth) | +3.3% | +7.6% | N/A | 2.4% | N/A | 0.20% | ₹814 Cr |
| 18 | [DSP NIFTY SDL Plus G-Sec Sep 2027 50 50 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/dsp-nifty-sdl-plus-g-sec-sep-2027-50-50-index-fund-direct-growth) | +5.4% | +7.6% | N/A | 1.1% | N/A | 0.16% | ₹88 Cr |
| 19 | [Nippon India NIFTY G-Sec Jun 2036 Maturity Index Fund-Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nifty-g-sec-jun-2036-maturity-index-fund-direct-plan-growth-option) | +2.7% | +7.5% | N/A | 3.4% | N/A | 0.20% | ₹713 Cr |
| 20 | [HDFC NIFTY G-Sec Sep 2032 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-g-sec-sep-2032-index-fund-growth-option-direct-plan) | +3.0% | +7.5% | N/A | 3.1% | N/A | 0.19% | ₹626 Cr |
| 21 | [Bandhan CRISIL IBX GILT APRIL 2032 Index Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-gilt-april-2032-index-fund-direct-growth) | +3.2% | +7.5% | N/A | 2.9% | N/A | 0.20% | ₹414 Cr |
| 22 | [AXIS CRISIL IBX 50 50 Gilt Plus SDL September 2027 Index Fund- Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/axis-crisil-ibx-50-50-gilt-plus-sdl-september-2027-index-fund-direct-plan-growth) | +5.4% | +7.5% | N/A | 1.0% | N/A | 0.15% | ₹36 Cr |
| 23 | [Nippon India NIFTY G-Sec Oct 2028 Maturity Index Fund-Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nifty-g-sec-oct-2028-maturity-index-fund-direct-plan-growth-option) | +4.4% | +7.5% | N/A | 1.6% | N/A | 0.20% | ₹127 Cr |
| 24 | [HDFC NIFTY SDL Plus G-Sec Jun 2027 40 60 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-sdl-plus-g-sec-jun-2027-40-60-index-fund-growth-option-direct-plan) | +5.4% | +7.5% | N/A | 0.9% | N/A | 0.21% | ₹49 Cr |
| 25 | [Edelweiss CRISIL IBX 50 50 Gilt Plus SDL June 2027 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/edelweiss-crisil-ibx-50-50-gilt-plus-sdl-june-2027-index-fund-direct-plan-growth) | +5.5% | +7.5% | N/A | 0.9% | N/A | 0.20% | ₹94 Cr |
| 26 | [Invesco India Nifty G-sec Sep 2032 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-nifty-g-sec-sep-2032-index-fund-direct-growth) | +3.0% | +7.5% | N/A | 3.0% | N/A | 0.15% | ₹53 Cr |
| 27 | [Invesco India Nifty G-sec Jul 2027 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-nifty-g-sec-jul-2027-index-fund-direct-growth) | +5.3% | +7.5% | N/A | 1.0% | N/A | 0.15% | ₹81 Cr |
| 28 | [HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/hsbc-crisil-ibx-gilt-june-2027-index-fund-direct-growth) | +5.2% | +7.5% | N/A | 1.0% | N/A | 0.15% | ₹181 Cr |
| 29 | [HDFC NIFTY G-Sec Jun 2027 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-g-sec-jun-2027-index-fund-growth-option-direct-plan) | +5.3% | +7.5% | N/A | 1.0% | N/A | 0.20% | ₹568 Cr |
| 30 | [Nippon India NIFTY G-Sec Sep 2027 Maturity Index Fund-Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nifty-g-sec-sep-2027-maturity-index-fund-direct-plan-growth-option) | +5.2% | +7.5% | N/A | 1.0% | N/A | 0.20% | ₹355 Cr |
| 31 | [SBI CRISIL IBX Gilt Index - June 2036 Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-crisil-ibx-gilt-index-june-2036-fund-direct-plan-growth) | +2.7% | +7.4% | N/A | 3.4% | N/A | 0.28% | ₹2,616 Cr |
| 32 | [Bandhan CRISIL IBX 90:10 SDL Plus GILT - NOV 2026 Index Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-90-10-sdl-plus-gilt-nov-2026-index-fund-direct-growth) | +5.7% | +7.4% | N/A | 0.7% | N/A | 0.09% | ₹90 Cr |
| 33 | [Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-crisil-ibx-gilt-index-april-2033-index-fund-direct-plan-growth) | +2.7% | +7.4% | N/A | 3.0% | N/A | 0.18% | ₹209 Cr |
| 34 | [PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund - Direct Plan Growth Option](https://www.rudowealth.com/mutual-funds/pgim-india-crisil-ibx-gilt-index-apr-2028-fund-direct-plan-growth-option) | +4.7% | +7.3% | N/A | 1.2% | N/A | 0.46% | ₹22 Cr |
| 35 | [Tata NIFTY G Sec Dec 2026 Index Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/tata-nifty-g-sec-dec-2026-index-fund-direct-plan-growth) | +5.6% | +7.3% | N/A | 0.7% | N/A | 0.17% | ₹73 Cr |
| 36 | [HDFC NIFTY G-Sec Dec 2026 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-g-sec-dec-2026-index-fund-growth-option-direct-plan) | +5.5% | +7.3% | N/A | 0.7% | N/A | 0.20% | ₹932 Cr |
| 37 | [Bandhan CRISIL IBX 90:10 SDL Plus GILT APRIL 2032 Index Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-90-10-sdl-plus-gilt-april-2032-index-fund-direct-growth) | +4.0% | +7.3% | N/A | 3.0% | N/A | 0.09% | ₹392 Cr |
| 38 | [DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund- Direct - Growth](https://www.rudowealth.com/mutual-funds/dsp-crisil-ibx-50-50-gilt-plus-sdl-april-2033-index-fund-direct-growth) | +3.2% | +7.2% | N/A | 2.9% | N/A | 0.15% | ₹277 Cr |
| 39 | [Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-gilt-apr-2028-index-fund-direct-growth) | +4.7% | +7.2% | N/A | 1.2% | N/A | 0.52% | ₹21 Cr |
| 40 | [Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Short Duration Index fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/edelweiss-crisil-ibx-50-50-gilt-plus-sdl-short-duration-index-fund-direct-plan-growth) | +4.3% | +7.1% | N/A | 1.5% | N/A | 0.20% | ₹146 Cr |
| 41 | [Edelweiss CRISIL IBX 50 50 Gilt Plus SDL April 2037 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/edelweiss-crisil-ibx-50-50-gilt-plus-sdl-april-2037-index-fund-direct-plan-growth) | +2.6% | +7.1% | N/A | 3.4% | N/A | 0.18% | ₹891 Cr |
| 42 | [Bandhan CRISIL-IBX 10 90 Gilt Plus SDL Index - Dec 2029 Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-10-90-gilt-plus-sdl-index-dec-2029-fund-direct-plan-growth) | +5.4% | N/A | N/A | N/A | N/A | 0.00% | ₹0 Cr |
| 43 | [Aditya Birla Sun Life Crisil IBX Gilt June 2027 Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-gilt-june-2027-index-fund-direct-growth) | +5.0% | N/A | N/A | N/A | N/A | 0.31% | ₹13 Cr |
| 44 | [Aditya Birla Sun Life Crisil IBX Gilt Apr 2033 Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-gilt-apr-2033-index-fund-direct-growth) | +3.2% | N/A | N/A | 2.9% | N/A | 0.20% | ₹27 Cr |
| 45 | [Kotak NIFTY G-Sec July 2033 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/kotak-nifty-g-sec-july-2033-index-fund-direct-plan-growth) | +3.0% | N/A | N/A | 2.9% | N/A | 0.14% | ₹22 Cr |
| 46 | [JioBlackRock NIFTY 8-13 yr G-Sec Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/jioblackrock-nifty-8-13-yr-g-sec-index-fund-direct-plan-growth-option) | +1.7% | N/A | N/A | N/A | N/A | 0.12% | ₹31 Cr |
| 47 | [SBI CRISIL-IBX 10 90 GILT + SDL Index DEC 2029 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/sbi-crisil-ibx-10-90-gilt-sdl-index-dec-2029-index-fund-direct-growth) | N/A | N/A | N/A | N/A | N/A | 0.22% | ₹43 Cr |
| 48 | [SBI NIFTY G-SEC JUL 2031 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/sbi-nifty-g-sec-jul-2031-index-fund-direct-growth) | N/A | N/A | N/A | N/A | N/A | 0.21% | ₹17 Cr |
| 49 | [Zerodha NIFTY Short Duration G-Sec Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/zerodha-nifty-short-duration-g-sec-index-fund-direct-plan-growth-option) | N/A | N/A | N/A | N/A | N/A | 0.22% | ₹25 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs 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. 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.

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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.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.