MonitorDirect · GrowthWatch before adding
HDFC Gilt Fund
HDFC Mutual FundDebt Scheme - Gilt Fund13.8 years
The scheme is a dedicated gilt scheme which seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI with medium to long term residual maturities.
- NAV
- 60.3019
- 4 Nov 2026
- 1Y
- +2.8%
- Trailing CAGR
- AUM
- ₹1,884.59 Cr
- 30 Sept 2026
- Volatility
- Low
- 3.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Bajaj Finserv Gilt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.46% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -11.9%. Ask whether you can hold through a similar fall.
Vs category
Fail
15% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Priya Ranjan · 4.5 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 76.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.8%
- 3Y+6.3%
- 5Y+5.4%
- 10Y+5.9%
- SI+7.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.9%
- 3Y+4.5%
- 5Y+5.6%
- 10Y+5.8%
- Since inception
- +7.2%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- +15%
- Windows beating the median
- 3Y percentile
- 50
- Vs comparable share classes
- SIP 3Y XIRR
- +4.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.7%
- 2624 daily-ending windows
- Median rolling 3Y
- +7.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2142 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -11.9%
- Worst peak-to-trough
- Current
- -1.6%
- Below last peak
- Current spell
- 82 days
- Days below latest peak
- Time below peak
- +78%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 236 recovered episodes
- Longest recovery
- 290 days
- Trough to prior peak
27 May 2013 – 5 Jun 2014
Trough 19 Aug 2013 · recovered in 290 days
-11.9%
24 Nov 2016 – 3 Aug 2017
Trough 10 Mar 2017 · recovered in 146 days
-6.2%
28 May 2025 – 24 Feb 2026
Trough 26 Aug 2025 · recovered in 182 days
-3.0%
6 Sept 2017 – 5 Apr 2018
Trough 22 Feb 2018 · recovered in 42 days
-2.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
50
Vs category
50
Consistency
24
Risk-adjusted
44
Drawdown
70
Mean
48
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 38 holdings · top 10 are 76.3%.
- Top 5
- 54.8%
- Top 10
- 76.3%
- Largest holding
- 16.4%
- Effective holdings
- 12.4
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100
Entities
16.4%
Repo
Unspecified
13.6%
GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100
Entities
10.6%
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
7.8%
GOI Sec 7.18 14/08/2033
Entities
6.4%
What changed
DECISION
Status moved from MONITOR to HEALTHY.
30 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Gilt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +4.8%
- 3Y
- n/a
- Vol
- 3.3%
- Max DD
- -3.9%
- Sharpe
- -0.35
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns
Bandhan Gilt Fund
Bandhan Mutual Fund
- 1Y
- +7.3%
- 3Y
- +8.2%
- Vol
- 4.1%
- Max DD
- -7.1%
- Sharpe
- 0.67
- 3Y win
- +49%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
DSP Gilt Fund
DSP Mutual Fund
- 1Y
- +3.1%
- 3Y
- +6.7%
- Vol
- 3.9%
- Max DD
- -7.6%
- Sharpe
- 0.50
- 3Y win
- +68%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
JM G-Sec Fund - (Direct) Annual
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.74
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
JM G-Sec Fund - (Direct) Half Yearly
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.74
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility