{"id":23922,"date":"2026-01-10T09:48:44","date_gmt":"2026-01-10T09:48:44","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?post_type=mutual-funds&#038;p=23922"},"modified":"2026-01-12T05:58:06","modified_gmt":"2026-01-12T05:58:06","slug":"best-gilt-mutual-funds-in-india","status":"publish","type":"mutual-funds","link":"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/","title":{"rendered":"Best Gilt Mutual Funds in India: Returns, Risks &amp; Top Picks"},"content":{"rendered":"\n<p>In 2026, India&#8217;s bond and interest rate environment has become crucial for investors. Fluctuations in interest rates are being observed due to efforts to control inflation and the policies of the Reserve Bank of India (RBI). In such a scenario, many investors are turning to government-backed mutual funds, where credit risk is virtually non-existent. Gilt mutual funds are considered useful for investors who seek stable returns with a safe option and want to maintain a balanced portfolio. This article will help you understand gilt fund returns, the risks associated with them, and suitable gilt funds for 2026.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/#What_Are_Gilt_Mutual_Funds\" title=\"What Are Gilt Mutual Funds?\">What Are Gilt Mutual Funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/#Best_Gilt_Mutual_Funds_to_invest_in_India\" title=\"Best Gilt Mutual Funds to invest in India\">Best Gilt Mutual Funds to invest in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/#Best_Gilt_Mutual_Funds_%E2%80%93_An_Overview\" title=\"Best Gilt Mutual Funds \u2013 An Overview\">Best Gilt Mutual Funds \u2013 An Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/#Risks_Associated_With_Gilt_Mutual_Funds\" title=\"Risks Associated With Gilt Mutual Funds\">Risks Associated With Gilt Mutual Funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/best-gilt-mutual-funds-in-india\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-are-gilt-mutual-funds\"><span class=\"ez-toc-section\" id=\"What_Are_Gilt_Mutual_Funds\"><\/span>What Are Gilt Mutual Funds?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gilt mutual funds are included in the debt mutual fund categories defined by SEBI (Securities and Exchange Board of India). The primary objective of these funds is to invest investors&#8217; money in government bonds to minimize credit risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-gilt-mutual-funds-to-invest-in-india\"><span class=\"ez-toc-section\" id=\"Best_Gilt_Mutual_Funds_to_invest_in_India\"><\/span>Best Gilt Mutual Funds to invest in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>SBI Gilt Fund<\/li>\n\n\n\n<li>ICICI Prudential Gilt Fund<\/li>\n\n\n\n<li>HDFC Gilt Fund<\/li>\n\n\n\n<li>Nippon India Gilt Fund<\/li>\n\n\n\n<li>Baroda BNP Paribas Gilt Fund<\/li>\n\n\n\n<li>Tata Gilt Securities Fund<\/li>\n\n\n\n<li>Axis Gilt Fund<\/li>\n\n\n\n<li>UTI Gilt Fund<\/li>\n\n\n\n<li>Quant Gilt Fund<\/li>\n\n\n\n<li>PGIM India Gilt Fund<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-gilt-mutual-funds-an-overview\"><span class=\"ez-toc-section\" id=\"Best_Gilt_Mutual_Funds_%E2%80%93_An_Overview\"><\/span>Best Gilt Mutual Funds \u2013 An Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-1-sbi-gilt-fund\">1. SBI Gilt Fund<\/h3>\n\n\n\n<p>The SBI Gilt Fund is managed by SBI Mutual Fund, which was established on February 7, 1992. This fund invests exclusively in government bonds and exhibits stability due to its large size. The portfolio has a significant allocation to government securities maturing between 2032 and 2055, such as bonds maturing in 2040 and 2035, giving it long-duration exposure. The fund is managed by Sudhir Agarwal.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th><strong>Information<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>70.07<\/td><\/tr><tr><td>Fund Size<\/td><td>11,033.35<\/td><\/tr><tr><td>Expense Ratio<\/td><td>0.95%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b9500<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Sudhir Agarwal<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.33<\/td><\/tr><tr><td>5-year return<\/td><td>6.09<\/td><\/tr><tr><td>Alpha<\/td><td>-0.07%<\/td><\/tr><tr><td>Beta<\/td><td>1.05<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.05<\/td><\/tr><tr><td>Risk<\/td><td>6.83%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-2-icici-prudential-gilt-fund\">2. ICICI Prudential Gilt Fund <\/h3>\n\n\n\n<p>ICICI Prudential Gilt Fund is a pure government bond-based mutual fund managed by ICICI Prudential AMC, which was launched in 1993. This fund invests its money exclusively in bonds issued by the central and state governments, thus eliminating the risk of credit default. Its portfolio includes long-term G-Secs maturing between 2055 and 2065, along with some State Development Loans, which allows the fund to perform well during periods of falling interest rates.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>112.83<\/td><\/tr><tr><td>Fund Size<\/td><td>92,15.50<\/td><\/tr><tr><td>Expense Ratio<\/td><td>1.10%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b91,000<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Manish Banthia<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-0\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>8.21<\/td><\/tr><tr><td>5-year return<\/td><td>6.69<\/td><\/tr><tr><td>Category Average (3Y)<\/td><td>6.34%<\/td><\/tr><tr><td>Alpha<\/td><td>0.02%<\/td><\/tr><tr><td>Beta<\/td><td>0.62<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.16<\/td><\/tr><tr><td>Risk<\/td><td>7.65%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-3-hdfc-gilt-fund\">3. HDFC Gilt Fund <\/h3>\n\n\n\n<p>The HDFC Gilt Fund is managed by HDFC Mutual Fund and was launched on December 10, 1999. This fund invests exclusively in bonds issued by the central government and has been active in the gilt segment for a long time. Its portfolio includes government bonds maturing between 2031 and 2065, making it suitable for medium- to long-term investors. Fund manager Anil Bamboli manages the duration of the portfolio keeping the prevailing interest rate environment in mind.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>58.57<\/td><\/tr><tr><td>Fund Size<\/td><td>2,938.91<\/td><\/tr><tr><td>Expense Ratio<\/td><td>0.89%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b9100<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b9100<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Anil Bamboli<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-1\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.22<\/td><\/tr><tr><td>5-year return<\/td><td>5.35<\/td><\/tr><tr><td>Alpha<\/td><td>-0.07%<\/td><\/tr><tr><td>Beta<\/td><td>0.91<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.04<\/td><\/tr><tr><td>Risk<\/td><td>6.77%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-4-nippon-india-gilt-fund\">4 . Nippon India Gilt Fund <\/h3>\n\n\n\n<p>The Nippon India Gilt Fund is managed by Nippon India Mutual Fund, which was established on February 24, 1995. This fund invests exclusively in bonds issued by the central and state governments. The portfolio has a significant allocation to long-term G-Secs maturing between 2039 and 2064, along with some State Development Loans (SDLs) and net current assets to maintain liquidity. The fund is managed by Pranay Sinha, who focuses on balancing duration and risk.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>42.92<\/td><\/tr><tr><td>Fund Size<\/td><td>1,862.21<\/td><\/tr><tr><td>Expense Ratio<\/td><td>1.28%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b9100<\/td><\/tr><tr><td>Exit Load<\/td><td>0.25% up to 7 days; Nil thereafter<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Pranay Sinha<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-2\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.04<\/td><\/tr><tr><td>5-year return<\/td><td>5.44<\/td><\/tr><tr><td>Alpha<\/td><td>-0.13%<\/td><\/tr><tr><td>Beta<\/td><td>1.09<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>-0.01<\/td><\/tr><tr><td>Risk<\/td><td>6.20%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-5-baroda-bnp-paribas-gilt-fund\">5. Baroda BNP Paribas Gilt Fund <\/h3>\n\n\n\n<p>The Baroda BNP Paribas Gilt Fund is managed by Baroda BNP Paribas Mutual Fund and was launched on November 4, 2003. This fund invests exclusively in government bonds and its portfolio has a significant allocation to G-Secs maturing between 2035 and 2065. The fund focuses on stable duration management to mitigate the impact of interest rate fluctuations. It is managed by Gurvinder Singh Vasan.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>46.96<\/td><\/tr><tr><td>Fund Size<\/td><td>1,326.61<\/td><\/tr><tr><td>Expense Ratio<\/td><td>0.45%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b9500<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Gurvinder Singh Wasan<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-3\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.58<\/td><\/tr><tr><td>5-year return<\/td><td>5.55<\/td><\/tr><tr><td>Alpha<\/td><td>-0.04%<\/td><\/tr><tr><td>Beta<\/td><td>1.02<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.10<\/td><\/tr><tr><td>Risk<\/td><td>7.23%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-6-tata-gilt-securities-fund\">6. Tata Gilt Securities Fund <\/h3>\n\n\n\n<p>The Tata Gilt Securities Fund is managed by Tata Mutual Fund and was launched on March 15, 1994. This fund focuses entirely on government bonds and invests in bonds issued by the central government as well as some state governments. The portfolio includes long-term G-Secs maturing between 2033 and 2074, making the fund sensitive to changes in interest rates. Additionally, liquidity is maintained through holdings in Repo Instruments. The fund is managed by Akhil Mittal.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>87.57<\/td><\/tr><tr><td>Fund Size<\/td><td>1,288.11<\/td><\/tr><tr><td>Expense Ratio<\/td><td>1.37%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b9150<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Akhil Mittal<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-4\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.62<\/td><\/tr><tr><td>5-year return<\/td><td>5.59<\/td><\/tr><tr><td>Alpha<\/td><td>-0.12%<\/td><\/tr><tr><td>Beta<\/td><td>1.12<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.01<\/td><\/tr><tr><td>Risk<\/td><td>6.53%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-7-axis-gilt-fund\">7. Axis Gilt Fund<\/h3>\n\n\n\n<p>The Axis Gilt Fund is managed by Axis Mutual Fund and was launched on January 13, 2009. This fund invests exclusively in central government bonds, thus eliminating credit risk. Its portfolio has a significant allocation to long-term government bonds maturing between 2034 and 2065, making the fund sensitive to interest rate fluctuations. The fund is managed by Devang Shah, who focuses on maintaining a balanced duration in the portfolio.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>27.38<\/td><\/tr><tr><td>Fund Size<\/td><td>599.23<\/td><\/tr><tr><td>Expense Ratio<\/td><td>0.82%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b91,000<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Devang Shah<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-5\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.62<\/td><\/tr><tr><td>5-year return<\/td><td>5.82<\/td><\/tr><tr><td>Alpha<\/td><td>-0.08%<\/td><\/tr><tr><td>Beta<\/td><td>0.96<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.07<\/td><\/tr><tr><td>Risk<\/td><td>7.17%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-7-uti-gilt-fund\">7. UTI Gilt Fund <\/h3>\n\n\n\n<p>The UTI Gilt Fund is managed by UTI Mutual Fund and was established on November 14, 2002. This fund is entirely focused on government bonds and holds a significant portion of G-Secs (Government Securities) maturing between 2031 and 2053 in its portfolio. A portion of the fund is also invested in State Development Loans and net current assets to maintain liquidity. The fund is managed by Pankaj Pathak, who focuses on stable duration and risk control.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>65.58<\/td><\/tr><tr><td>Fund Size<\/td><td>560.78<\/td><\/tr><tr><td>Expense Ratio<\/td><td>0.93%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b9500<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b9500<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Pankaj Pathak<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-6\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.06<\/td><\/tr><tr><td>5-year return<\/td><td>5.44<\/td><\/tr><tr><td>Alpha<\/td><td>-0.07%<\/td><\/tr><tr><td>Beta<\/td><td>0.96<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>0.05<\/td><\/tr><tr><td>Risk<\/td><td>6.78%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-8-quant-gilt-fund\">8. Quant Gilt Fund <\/h3>\n\n\n\n<p>The Quant Gilt Fund is managed by Quant Mutual Fund, which was established on December 1, 1995. This fund invests exclusively in government bonds and some State Development Loans (SDLs). Its portfolio is spread across government bonds maturing between 2030 and 2064, while also maintaining liquidity and diversification through TREPS and SDLs. The fund is managed by Sanjeev Sharma, who actively manages the duration based on the changing interest rate environment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>12.17<\/td><\/tr><tr><td>Fund Size<\/td><td>111.73<\/td><\/tr><tr><td>Expense Ratio<\/td><td>1.41%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b91,000<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Sanjeev Sharma<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-performance-7\">Fund Performance<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>6.73<\/td><\/tr><tr><td>5-year return<\/td><td>&#8211;<\/td><\/tr><tr><td>Alpha<\/td><td>-0.15%<\/td><\/tr><tr><td>Beta<\/td><td>1.06<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>-0.09<\/td><\/tr><tr><td>Risk<\/td><td>5.76%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-10-pgim-india-gilt-fund\">10. PGIM India Gilt Fund <\/h3>\n\n\n\n<p>The PGIM India Gilt Fund is managed by PGIM India Mutual Fund, which was established on September 24, 2008. This fund invests exclusively in government bonds, and its portfolio has a significant allocation to G-Secs maturing between 2034 and 2055.\u00a0 Liquidity is maintained by holding a portion of the assets in net current assets. The fund is managed by Puneet Pal, whose focus is on duration control and risk management.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Details<\/th><th>Information<\/th><\/tr><\/thead><tbody><tr><td>Current NAV<\/td><td>32.64<\/td><\/tr><tr><td>Fund Size<\/td><td>105.01<\/td><\/tr><tr><td>Expense Ratio<\/td><td>1.38%<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b95,000<\/td><\/tr><tr><td>Minimum SIP<\/td><td>\u20b91,000<\/td><\/tr><tr><td>Exit Load<\/td><td>Nil<\/td><\/tr><tr><td>Lock-in Period<\/td><td>Not Applicable<\/td><\/tr><tr><td>Fund Manager<\/td><td>Gurvinder Singh Wasan<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-fund-details\">Fund Details :\u00a0<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Metric<\/th><th>Value<\/th><\/tr><\/thead><tbody><tr><td>3-year return<\/td><td>7.28<\/td><\/tr><tr><td>5-year return<\/td><td>5.79<\/td><\/tr><tr><td>Alpha<\/td><td>-0.12%<\/td><\/tr><tr><td>Beta<\/td><td>1.01<\/td><\/tr><tr><td>Sharpe Ratio<\/td><td>-0.01<\/td><\/tr><tr><td>Risk<\/td><td>6.23%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Read Also:<\/strong> <a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/high-return-mutual-funds-in-india\/\">Top 10 High-Return Mutual Funds in India<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-risks-associated-with-gilt-mutual-funds\"><span class=\"ez-toc-section\" id=\"Risks_Associated_With_Gilt_Mutual_Funds\"><\/span>Risks Associated With Gilt Mutual Funds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Impact of Interest Rate Changes : <\/strong>Gilt funds are directly linked to government bonds, so changes in interest rates affect their Net Asset Value (NAV). When interest rates rise, the value of existing bonds decreases, and the fund&#8217;s value may fall.<\/li>\n\n\n\n<li><strong>Short-Term Return Risk : <\/strong>If you invest in gilt funds for a very short period, the returns can be uncertain, especially if the direction of interest rates changes suddenly.<\/li>\n\n\n\n<li><strong>Market Liquidity Conditions : <\/strong>Government bonds are generally easy to buy and sell, but liquidity can decrease somewhat during periods of market stress.<\/li>\n\n\n\n<li><strong>Inflation-Related Risk : <\/strong>If the returns from a gilt fund are lower than the inflation rate, the investor&#8217;s real earnings are affected. This is why they are not considered entirely risk-free.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gilt mutual funds can be suitable for investors seeking relatively safe investments through government bonds and who understand the fluctuations in interest rates. Choosing the right gilt fund requires considering the investment horizon, risk tolerance, and the prevailing interest rate environment. In the long run, these funds can help stabilize a portfolio, but investing without understanding the risks is not advisable.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/top-mutual-fund-distributors-in-india\/\">Top 10 Mutual Fund Distributors in India<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/personal-finance\/best-investment-plan-for-monthly-income\/\">10+ Best Investment Plan for Monthly Income in India<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/hybrid-mutual-funds\/\">Hybrid Mutual Funds \u2013 Definition, Types and Taxation<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/open-ended\/\">What is an Open-Ended Mutual Fund &amp; How to Invest in it?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-fund-vs-etf-are-they-same-or-different\/\">Mutual Fund vs ETF. Are They Same Or Different?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">6<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/best-thematic-mutual-funds-in-india\/\">Best Thematic Mutual Funds in India<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">7<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/debt-mutual-funds\/\">Debt Mutual Funds: Meaning, Types and Features<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">8<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/how-to-check-mutual-fund-status-with-folio-number\/\">How to Check Mutual Fund Status with Folio Number?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">9<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/best-money-market-mutual-funds-in-india\/\">Best Money Market Mutual Funds in India<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">10<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/solution-oriented\/\">What is Solution Oriented Mutual Funds?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">What is a gilt mutual fund?<\/h3><p class=\"saswp-faq-answer-text\">This is a mutual fund that invests exclusively in government-issued bonds.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Are gilt funds completely safe?<\/h3><p class=\"saswp-faq-answer-text\">There is no credit risk, but returns can fluctuate due to changes in interest rates.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can I lose money in gilt funds?<\/h3><p class=\"saswp-faq-answer-text\">Yes, in the short term, especially when interest rates rise.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Who should consider investing in gilt funds?<\/h3><p class=\"saswp-faq-answer-text\">Investors who want to invest for 3-5 years or longer.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Are gilt funds better than fixed deposits?<\/h3><p class=\"saswp-faq-answer-text\">Fixed deposits offer a fixed return, while returns from gilt funds depend on market conditions.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>In 2026, India&#8217;s bond and interest rate environment has become crucial for investors. Fluctuations in interest rates are being observed due to efforts to control inflation and the policies of the Reserve Bank of India (RBI). In such a scenario, many investors are turning to government-backed mutual funds, where credit risk is virtually non-existent. Gilt [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":24330,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-23922","mutual-funds","type-mutual-funds","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best Gilt Mutual Funds in India 2026<\/title>\n<meta name=\"description\" content=\"Looking for safe mutual funds in 2026? 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