Gilt Index Mutual Funds

All 48 gilt index funds, Regular Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.

Category average

+7.3%

3-year return, annualised

Category average

+5.8%

5-year return, annualised

Category average

1.9%

Volatility, 3 years

Category average

0.40%

Expense ratio

Gilt Index funds compared

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

Regular plans pay a distributor commission out of the fund, so their expense ratio is higher and their returns lower than the same fund's Direct plan.

Returns (3Y and 5Y annualised)ConsistencyRiskCost and size
1Bandhan CRISIL IBX Gilt April 2028 Index Fund Regular Plan-Growth
+4.8%+7.3%+5.9%2 of 41.2%-3.0%0.45%₹3,398 Cr
2Bandhan CRISIL IBX Gilt June 2027 Index Fund Regular Plan-Growth
+5.0%+7.2%+5.8%1 of 41.0%-3.1%0.45%₹5,262 Cr
3Aditya Birla Sun Life CRISIL IBX Gilt-Apr 2029 Index Fund-Regular Growth
+3.9%+7.5%N/A3 of 41.9%N/A0.38%₹610 Cr
4HDFC NIFTY G-Sec Apr 2029 Index Fund
+3.9%+7.5%N/A2 of 31.9%N/A0.37%₹153 Cr
5HDFC NIFTY G-Sec July 2031 Index Fund
+3.1%+7.4%N/A3 of 42.9%N/A0.33%₹638 Cr
6DSP NIFTY SDL Plus G-Sec Jun 2028 30:70 Index Fund
+5.0%+7.4%N/A3 of 41.3%N/A0.31%₹1,649 Cr
7Aditya Birla Sun Life CRISIL IBX 50 50 Gilt Plus SDL Apr 2028 Index Fund-Regular Growth
+4.9%+7.4%N/A3 of 41.5%N/A0.35%₹405 Cr
8Nippon India NIFTY SDL Plus G-Sec
+5.1%+7.4%N/A3 of 41.5%N/A0.40%₹333 Cr
9Bandhan CRISIL IBX 90:10 SDL Plus GILT Sep27 Index Fund
+5.5%+7.4%N/A2 of 41.1%N/A0.34%₹144 Cr
10Nippon India NIFTY SDL Plus G-Sec-Jun 2029 Maturity 70 30 Index Fund-Regular Plan-Growth Option
+4.5%+7.4%N/A2 of 31.9%N/A0.39%₹324 Cr
11Axis CRISIL IBX 50 50 Gilt Plus SDL June 2028 Index Fund
+5.0%+7.4%N/A3 of 31.5%N/A0.37%₹337 Cr
12HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund
+5.0%+7.4%N/A2 of 41.4%N/A0.39%₹1,749 Cr
13ICICI Prudential NIFTY G-Sec Dec 2030 Index Fund
+3.1%+7.4%N/A3 of 42.4%N/A0.37%₹814 Cr
14DSP NIFTY SDL Plus G-Sec Sep 2027 50 50 Index Fund
+5.3%+7.4%N/A2 of 31.1%N/A0.33%₹88 Cr
15HDFC NIFTY SDL Plus G-Sec Jun 2027 40 60 Index Fund
+5.3%+7.4%N/A1 of 30.9%N/A0.35%₹49 Cr
16Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Sep 2028 Index Fund
+4.6%+7.3%N/A1 of 41.6%N/A0.45%₹129 Cr
17Nippon India NIFTY G-Sec Oct 2028 Maturity Index Fund Regular Plan-Growth Option
+4.2%+7.3%N/A1 of 31.6%N/A0.39%₹127 Cr
18Invesco India Nifty G-sec Sep 2032 Index Fund
+2.9%+7.3%N/A1 of 33.0%N/A0.28%₹53 Cr
19SBI CRISIL IBX Gilt Index April 2029 Fund
+3.7%+7.3%N/A3 of 42.0%N/A0.42%₹1,948 Cr
20Invesco India Nifty G-sec Jul 2027 Index Fund
+5.1%+7.3%N/A2 of 31.0%N/A0.28%₹81 Cr
21HDFC NIFTY G-Sec Jun 2036 Index Fund
+2.6%+7.3%N/A1 of 33.4%N/A0.35%₹859 Cr
22AXIS CRISIL IBX 50 50 Gilt Plus SDL September 2027 Index Fund
+5.2%+7.3%N/A2 of 31.0%N/A0.42%₹36 Cr
23Tata NIFTY G-Sec Dec 2029 Index Fund
+3.6%+7.3%N/A2 of 32.0%N/A0.42%₹133 Cr
24HDFC NIFTY G-Sec Sep 2032 Index Fund
+2.8%+7.3%N/A2 of 43.1%N/A0.34%₹626 Cr
25HDFC NIFTY G-Sec Jun 2027 Index Fund
+5.0%+7.3%N/A2 of 41.0%N/A0.35%₹568 Cr
26Nippon India NIFTY G-Sec Jun 2036 Maturity Index Fund-Regular Plan-Growth Option
+2.5%+7.3%N/A2 of 43.4%N/A0.42%₹713 Cr
27Bandhan CRISIL IBX GILT APRIL 2032 Index Fund
+2.9%+7.2%N/A1 of 32.9%N/A0.46%₹414 Cr
28Nippon India NIFTY G-Sec Sep 2027 Maturity Index Fund-Regular Plan-Growth Option
+4.9%+7.2%N/A2 of 41.0%N/A0.40%₹355 Cr
29Edelweiss CRISIL IBX 50 50 Gilt Plus SDL June 2027 Index Fund
+5.2%+7.2%N/A1 of 40.9%N/A0.43%₹94 Cr
30HSBC CRISIL IBX Gilt June 2027 Index Fund
+5.0%+7.2%N/A1 of 31.0%N/A0.35%₹181 Cr
31SBI CRISIL IBX Gilt Index June 2036 Fund
+2.5%+7.2%N/A2 of 43.4%N/A0.49%₹2,616 Cr
32PGIM India CRISIL IBX Gilt Index Apr 2028 Fund
+4.5%+7.2%N/A2 of 31.2%N/A0.60%₹22 Cr
33Bandhan CRISIL IBX 90:10 SDL Plus GILT NOV 2026 Index Fund
+5.5%+7.2%N/A1 of 40.7%N/A0.34%₹90 Cr
34HDFC NIFTY G-Sec Dec 2026 Index Fund
+5.3%+7.1%N/A1 of 40.7%N/A0.35%₹932 Cr
35Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund
+2.4%+7.1%N/A2 of 43.0%N/A0.45%₹209 Cr
36Bandhan CRISIL IBX 90:10 SDL Plus GILT APRIL 2032 Index Fund
+3.8%+7.1%N/A1 of 43.0%N/A0.27%₹392 Cr
37Tata NIFTY G Sec Dec 2026 Index Fund-Regular Plan-Growth
+5.3%+7.0%N/A1 of 30.7%N/A0.40%₹73 Cr
38DSP CRISIL-IBX 50:50 Gilt Plus SDL April 2033 Index Fund
+2.9%+7.0%N/A1 of 32.9%N/A0.40%₹277 Cr
39Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund-Regular Growth
+4.5%+6.9%N/A1 of 31.2%N/A0.79%₹21 Cr
40Edelweiss CRISIL IBX 50 50 Gilt Plus SDL April 2037 Index Fund
+2.3%+6.8%N/A2 of 43.4%N/A0.46%₹891 Cr
41Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Short Duration Index fund
+3.9%+6.7%N/A0 of 31.5%N/A0.58%₹146 Cr
42Bandhan CRISIL-IBX 10 90 Gilt Plus SDL Index
+5.1%N/AN/A0 of 1N/AN/A0.00%₹0 Cr
43Aditya Birla Sun Life Crisil IBX Gilt June 2027 Index Fund-Regular Growth
+4.8%N/AN/A1 of 2N/AN/A0.61%₹13 Cr
44Aditya Birla Sun Life Crisil IBX Gilt Apr 2033 Index Fund-Regular Growth
+3.0%N/AN/A1 of 32.9%N/A0.45%₹27 Cr
45Kotak NIFTY G-Sec July 2033 Index Fund
+2.8%N/AN/A1 of 32.9%N/A0.39%₹22 Cr
46JioBlackRock Nifty 8-13 yr G-Sec Index Fund
N/AN/AN/AN/AN/AN/A0.26%₹31 Cr
47SBI CRISIL-IBX 10 90 GLIT + SDL Index DEC 2029 Index Fund
N/AN/AN/AN/AN/AN/A0.42%₹43 Cr
48SBI NIFTY G-SEC JUL 2031 Index Fund
N/AN/AN/AN/AN/AN/A0.41%₹17 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 ownRegular 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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