सर्वोत्तम 10-वर्ष गिल्ट फंड 2022

Updated on September 3, 2025 , 9776 views

गिल्ट फंड कर्जाचा एक प्रकार आहेम्युच्युअल फंड जे प्रामुख्याने आरबीआय (रिझर्व्ह) द्वारे जारी केलेल्या सरकारी सिक्युरिटीज (जी-सेक) मध्ये गुंतवणूक करतातबँक भारत) सरकारच्या वतीने.

तद्वतच, गुंतवणुकदारांना दोन प्रकारचे गिल्ट फंड ऑफर केले जातात, एक म्हणजे गिल्ट फंड जे मॅच्युरिटी ओलांडून सरकारी सिक्युरिटीजमध्ये गुंतवणूक करतात. आणि दुसरा 10 वर्षांचा गिल्ट फंड आहे जो 10 वर्षांच्या मॅच्युरिटीसह सरकारी सिक्युरिटीजमध्ये गुंतवणूक करेल.

10-वर्षांच्या स्थिर परिपक्वतासह गिल्ट फंड

10 वर्षांच्या स्थिर परिपक्वता असलेला गिल्ट फंड त्याच्या एकूण मालमत्तेपैकी 80 टक्के सरकारी रोख्यांमध्ये गुंतवेल. 10 वर्षांची सरासरी मॅच्युरिटी असलेले गिल्ट फंड सामान्यतः व्याजदरातील बदलांसाठी अत्यंत संवेदनशील असतात. जर समजा, तुमच्याकडे हे फंड आहेत, आणि व्याजदर वाढू लागले, तर हे फंड तुम्हाला नकारात्मक परतावा देऊ शकतात.

याउलट, ज्या वेळेस व्याजदर कमी होणे अपेक्षित असते, त्या वेळी जास्त परिपक्वता असलेल्या गिल्ट फंडांमध्ये चांगले परतावा देण्याची क्षमता असते. पण, इतर विपरीतकर्ज निधी, जोपर्यंत सरकार दिवाळखोर होत नाही तोपर्यंत हे फंड क्रेडिट जोखमीच्या संपर्कात येत नाहीत.

जे गुंतवणूकदार अशा उच्च मॅच्युरिटी गिल्ट फंडांमध्ये गुंतवणूक करण्याची योजना आखत आहेत, त्यांनी व्याजदर कमी होण्याची अपेक्षा असताना गुंतवणूक करणे उचित आहे कारण व्याजदर कमी झाल्यामुळे दीर्घकालीन गिल्ट सिक्युरिटीजच्या किमती वाढतात. तसेच, ते सोयीचे असेलगुंतवणूकदार जेव्हा व्याजदर कमी होणे अपेक्षित असते तेव्हा त्यांची गुंतवणूक अल्प-मुदतीच्या गिल्ट सिक्युरिटीजमधून उच्च परिपक्वतेकडे वळवणे.

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गिल्ट म्युच्युअल फंडात गुंतवणूक का करावी?

गिल्ट डेट फंड सुरक्षा आणि परतावा असे दुहेरी लाभ देतात. तुमची गुंतवणूक सरकारमध्ये आहेबंध आणि म्हणून, गुंतवलेल्या रकमेमध्ये फारच कमी धोका असतो. शिवाय, बचत बँक खात्याच्या तुलनेत ते चांगले परतावा देखील देते.

जरी जास्त मॅच्युरिटी असलेले गिल्ट फंड काही वेळा जोखमीचे असू शकतात, कारण ते व्याजदराच्या जोखमीसाठी अधिक प्रवण असतात, परंतु ते क्रेडिट जोखीममुळे प्रभावित होत नाहीत. त्यामुळे, गुंतवणुकीत कमी जोखीम सहन करू शकणारे गुंतवणूकदार 10 वर्षांच्या स्थिर परिपक्वतासह गिल्ट फंडांमध्ये गुंतवणूक करण्याची योजना करू शकतात.

2022 मध्ये गुंतवणूक करण्यासाठी सर्वोत्तम कामगिरी करणारे 10 वर्ष गिल्ट फंड

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Bandhan Government Securities Fund - Constant Maturity Plan Growth	₹46.0873 ↑ 0.18	₹354	-0.6	4.9	8.5	8.1	9.7	6.6%	6Y 11M 8D	9Y 11M 23D
ICICI Prudential Constant Maturity Gilt Fund Growth	₹24.8857 ↑ 0.07	₹2,368	-0.5	4.9	8.7	8.1	9.3	6.57%	6Y 10M 2D	9Y 6M 14D
SBI Magnum Constant Maturity Fund Growth	₹64.0916 ↑ 0.18	₹1,884	-0.7	4.4	8	7.8	9.1	6.61%	6Y 9M 14D	9Y 6M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Sep 25

Research Highlights & Commentary of 3 Funds showcased

Commentary	Bandhan Government Securities Fund - Constant Maturity Plan	ICICI Prudential Constant Maturity Gilt Fund	SBI Magnum Constant Maturity Fund
Point 1	Bottom quartile AUM (₹354 Cr).	Highest AUM (₹2,368 Cr).	Lower mid AUM (₹1,884 Cr).
Point 2	Established history (23+ yrs).	Established history (10+ yrs).	Oldest track record among peers (24 yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.
Point 5	1Y return: 8.50% (lower mid).	1Y return: 8.75% (upper mid).	1Y return: 7.95% (bottom quartile).
Point 6	1M return: -0.36% (upper mid).	1M return: -0.40% (bottom quartile).	1M return: -0.39% (lower mid).
Point 7	Sharpe: 1.08 (lower mid).	Sharpe: 1.26 (upper mid).	Sharpe: 0.97 (bottom quartile).
Point 8	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.60% (lower mid).	Yield to maturity (debt): 6.57% (bottom quartile).	Yield to maturity (debt): 6.61% (upper mid).
Point 10	Modified duration: 6.94 yrs (bottom quartile).	Modified duration: 6.84 yrs (lower mid).	Modified duration: 6.79 yrs (upper mid).

Bandhan Government Securities Fund - Constant Maturity Plan

Bottom quartile AUM (₹354 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 8.50% (lower mid).
1M return: -0.36% (upper mid).
Sharpe: 1.08 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.60% (lower mid).
Modified duration: 6.94 yrs (bottom quartile).

ICICI Prudential Constant Maturity Gilt Fund

Highest AUM (₹2,368 Cr).
Established history (10+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.75% (upper mid).
1M return: -0.40% (bottom quartile).
Sharpe: 1.26 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.57% (bottom quartile).
Modified duration: 6.84 yrs (lower mid).

SBI Magnum Constant Maturity Fund

Lower mid AUM (₹1,884 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.95% (bottom quartile).
1M return: -0.39% (lower mid).
Sharpe: 0.97 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.61% (upper mid).
Modified duration: 6.79 yrs (upper mid).

*वरील सर्वोत्कृष्टांची यादी आहेलागू आहे वरील एयूएम/निव्वळ मालमत्ता असलेले निधी100 कोटी. वर क्रमवारी लावलीमागील 3 वर्षाचा परतावा.

1. Bandhan Government Securities Fund - Constant Maturity Plan

(Erstwhile IDFC Government Securities Fund - Short Term Plan)

IDFC – GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized.

Research Highlights for Bandhan Government Securities Fund - Constant Maturity Plan

Bottom quartile AUM (₹354 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 8.50% (lower mid).
1M return: -0.36% (upper mid).
Sharpe: 1.08 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.60% (lower mid).
Modified duration: 6.94 yrs (bottom quartile).
Average maturity: 9.98 yrs (bottom quartile).
Exit load: NIL.
Top bond sector: Government.
Debt-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.54% Govt Stock 2036 (~53.6%).
Top-3 holdings concentration ~94.1%.

Below is the key information for Bandhan Government Securities Fund - Constant Maturity Plan

Bandhan Government Securities Fund - Constant Maturity Plan Growth
Launch Date	9 Mar 02
NAV (05 Sep 25)	₹46.0873 ↑ 0.18 (0.40 %)
Net Assets (Cr)	₹354 on 31 Jul 25
Category	Debt - 10 Yr Govt Bond
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.48
Sharpe Ratio	1.08
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.6%
Effective Maturity	9 Years 11 Months 23 Days
Modified Duration	6 Years 11 Months 8 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹10,573
31 Aug 22	₹10,562
31 Aug 23	₹11,257
31 Aug 24	₹12,287
31 Aug 25	₹13,199

Bandhan Government Securities Fund - Constant Maturity Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Bandhan Government Securities Fund - Constant Maturity Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Sep 25

Duration	Returns
1 Month	-0.4%
3 Month	-0.6%
6 Month	4.9%
1 Year	8.5%
3 Year	8.1%
5 Year	5.6%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.7%
2023	7.4%
2022	0.7%
2021	1.8%
2020	13.2%
2019	14.2%
2018	11.8%
2017	6.2%
2016	10.1%
2015	9%

Fund Manager information for Bandhan Government Securities Fund - Constant Maturity Plan

Name	Since	Tenure
Harshal Joshi	15 May 17	8.3 Yr.
Brijesh Shah	10 Jun 24	1.22 Yr.

Data below for Bandhan Government Securities Fund - Constant Maturity Plan as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	2.43%
Debt	97.57%

Debt Sector Allocation

Sector	Value
Government	97.57%
Cash Equivalent	2.43%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.54% Govt Stock 2036 Sovereign Bonds \| -	54%	₹186 Cr	17,500,000 ↑ 17,500,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	32%	₹110 Cr	10,600,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	9%	₹31 Cr	3,000,000 ↑ 3,000,000
6.79% Govt Stock 2034 Sovereign Bonds \| -	3%	₹10 Cr	1,000,000 ↓ -4,000,000
7.17% Govt Stock 2028 Sovereign Bonds \| -	0%	₹1 Cr	71,000
6.54% Govt Stock 2032 Sovereign Bonds \| -	0%	₹1 Cr	50,000
8.24% Govt Stock 2027 Sovereign Bonds \| -	0%	₹0 Cr	44,000
Triparty Repo Trp_180825 CBLO/Reverse Repo \| -	2%	₹7 Cr
Net Current Assets Net Current Assets \| -	1%	₹2 Cr
Cash Margin - Ccil CBLO/Reverse Repo \| -	0%	₹0 Cr

2. ICICI Prudential Constant Maturity Gilt Fund

The Scheme aims to provide reasonable returns by investing in portfolio of Government Securities with average maturity of around 10 years. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for ICICI Prudential Constant Maturity Gilt Fund

Highest AUM (₹2,368 Cr).
Established history (10+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.75% (upper mid).
1M return: -0.40% (bottom quartile).
Sharpe: 1.26 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.57% (bottom quartile).
Modified duration: 6.84 yrs (lower mid).
Average maturity: 9.54 yrs (upper mid).
Exit load: 0-7 Days (0.25%),7 Days and above(NIL).
Top bond sector: Government.
Debt-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding 6.79% Govt Stock 2034 (~35.0%).
Top-3 holdings concentration ~85.2%.

Below is the key information for ICICI Prudential Constant Maturity Gilt Fund

ICICI Prudential Constant Maturity Gilt Fund Growth
Launch Date	12 Sep 14
NAV (05 Sep 25)	₹24.8857 ↑ 0.07 (0.28 %)
Net Assets (Cr)	₹2,368 on 31 Jul 25
Category	Debt - 10 Yr Govt Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.39
Sharpe Ratio	1.26
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-7 Days (0.25%),7 Days and above(NIL)
Yield to Maturity	6.57%
Effective Maturity	9 Years 6 Months 14 Days
Modified Duration	6 Years 10 Months 2 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹10,621
31 Aug 22	₹10,704
31 Aug 23	₹11,438
31 Aug 24	₹12,412
31 Aug 25	₹13,382

ICICI Prudential Constant Maturity Gilt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for ICICI Prudential Constant Maturity Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Sep 25

Duration	Returns
1 Month	-0.4%
3 Month	-0.5%
6 Month	4.9%
1 Year	8.7%
3 Year	8.1%
5 Year	6%
10 Year
15 Year
Since launch	8.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.3%
2023	7.7%
2022	1.2%
2021	2.8%
2020	13.6%
2019	12.8%
2018	9.7%
2017	2.4%
2016	16.2%
2015	6.9%

Fund Manager information for ICICI Prudential Constant Maturity Gilt Fund

Name	Since	Tenure
Manish Banthia	22 Jan 24	1.61 Yr.
Raunak Surana	22 Jan 24	1.61 Yr.

Data below for ICICI Prudential Constant Maturity Gilt Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	2.19%
Debt	97.81%

Debt Sector Allocation

Sector	Value
Government	97.81%
Cash Equivalent	2.19%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Govt Stock 2034 Sovereign Bonds \| -	35%	₹800 Cr	78,374,500 ↓ -7,000,000
6.64% Govt Stock 2035 Sovereign Bonds \| -	28%	₹640 Cr	63,500,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	22%	₹510 Cr	49,219,850 ↓ -2,500,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	6%	₹145 Cr	14,000,000
6.92% Govt Stock 2039 Sovereign Bonds \| -	3%	₹66 Cr	6,500,000 ↑ 2,000,000
6.19% Govt Stock 2034 Sovereign Bonds \| -	2%	₹49 Cr	5,000,000
6.67% Govt Stock 2035 Sovereign Bonds \| -	1%	₹25 Cr	2,500,000
6.33% Goi 2035 Sovereign Bonds \| -	0%	₹4 Cr	413,500
Net Current Assets Net Current Assets \| -	2%	₹42 Cr
Treps CBLO/Reverse Repo \| -	0%	₹8 Cr

3. SBI Magnum Constant Maturity Fund

(Erstwhile SBI Magnum Gilt Fund Short Term)

To provide the investors with the returns generated through investments in government securities issued by the Central Govt. and State Govt.

Research Highlights for SBI Magnum Constant Maturity Fund

Lower mid AUM (₹1,884 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.95% (bottom quartile).
1M return: -0.39% (lower mid).
Sharpe: 0.97 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.61% (upper mid).
Modified duration: 6.79 yrs (upper mid).
Average maturity: 9.57 yrs (lower mid).
Exit load: NIL.
Top bond sector: Government.
Debt-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.1% Govt Stock 2034 (~70.9%).
Top-3 holdings concentration ~99.8%.

Below is the key information for SBI Magnum Constant Maturity Fund

SBI Magnum Constant Maturity Fund Growth
Launch Date	30 Dec 00
NAV (05 Sep 25)	₹64.0916 ↑ 0.18 (0.29 %)
Net Assets (Cr)	₹1,884 on 31 Jul 25
Category	Debt - 10 Yr Govt Bond
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.63
Sharpe Ratio	0.97
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.61%
Effective Maturity	9 Years 6 Months 25 Days
Modified Duration	6 Years 9 Months 14 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹10,541
31 Aug 22	₹10,663
31 Aug 23	₹11,367
31 Aug 24	₹12,341
31 Aug 25	₹13,206

SBI Magnum Constant Maturity Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for SBI Magnum Constant Maturity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Sep 25

Duration	Returns
1 Month	-0.4%
3 Month	-0.7%
6 Month	4.4%
1 Year	8%
3 Year	7.8%
5 Year	5.6%
10 Year
15 Year
Since launch	7.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.1%
2023	7.5%
2022	1.3%
2021	2.4%
2020	11.6%
2019	11.9%
2018	9.9%
2017	6.2%
2016	12.8%
2015	9.1%

Fund Manager information for SBI Magnum Constant Maturity Fund

Name	Since	Tenure
Sudhir Agarwal	1 Jul 25	0.17 Yr.

Data below for SBI Magnum Constant Maturity Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	2.01%
Debt	97.99%

Debt Sector Allocation

Sector	Value
Government	97.99%
Cash Equivalent	2.01%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	71%	₹1,327 Cr	128,000,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	27%	₹507 Cr	48,999,500
Net Receivable / Payable CBLO \| -	2%	₹33 Cr
Treps CBLO/Reverse Repo \| -	0%	₹4 Cr
6.33% Goi 2035 Sovereign Bonds \| -		₹0 Cr	00 ↓ -500,000

10-वर्षांच्या गिल्ट फंडात गुंतवणूक कशी करावी?

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10-वर्ष गिल्ट फंड परतावा कसा निर्माण करतात?

गिल्ट फंड प्रामुख्याने व्यापार करून परतावा निर्माण करतातअंतर्निहित साधने व्याजदराच्या दृष्टीकोनानुसार, फंड मॅनेजर वेगवेगळ्या मॅच्युरिटींसह गिल्ट्समध्ये आणि बाहेर व्यापार करण्याचा कल असतो. या माध्यमातून, कूपन (उत्पन्न) वर व्युत्पन्न केलेल्या परताव्याव्यतिरिक्त फंडाद्वारे ट्रेडिंग परतावा व्युत्पन्न केला जाईल.

अशा प्रकारे, निधी व्यवस्थापक भविष्यातील व्याजदरांच्या हालचालींवर एक दृष्टिकोन ठेवतोबाजार आणि एकतर अल्प-मुदतीच्या गिल्ट फंडांमध्ये किंवा उच्च परिपक्वता असलेल्या गिल्ट फंडांमध्ये गुंतवणूक करते. जेव्हा एखादा फंड मॅनेजर व्याजदर कमी होणार आहे असे गृहीत धरतो तेव्हा पोर्टफोलिओचा एक मोठा भाग दीर्घ मुदतीच्या रोख्यांकडे वळवला जाईल. तसेच, अशा बाजार परिस्थितीमध्ये, विद्यमान दीर्घकालीन रोख्यांची किंमत लहान परिपक्वता गिल्टच्या तुलनेत अधिक वाढते.

कारण गिल्ट्स दररोज बाजाराशी जोडलेले असतातआधार, किंमतीची हालचाल निव्वळ मालमत्ता मूल्यामध्ये दिसून येते (नाही) निधीचा. व्याजदराच्या हालचाली आणि परताव्यावर त्यांचा प्रभाव (त्याच्या कालावधीनुसार) समजून घेणे आवश्यक आहे जेणेकरून संभाव्य परतावा व्युत्पन्न केला जाऊ शकतो.गुंतवणूक गिल्ट फंड मध्ये.

Disclaimer:
येथे प्रदान केलेली माहिती अचूक असल्याची खात्री करण्यासाठी सर्व प्रयत्न केले गेले आहेत. तथापि, डेटाच्या अचूकतेबद्दल कोणतीही हमी दिली जात नाही. कृपया कोणतीही गुंतवणूक करण्यापूर्वी योजना माहिती दस्तऐवजासह सत्यापित करा.