HealthyDirect · GrowthFit for a long SIP
ICICI Prudential 10 year Constant Maturity Gilt Fund
ICICI Prudential Mutual FundIncome/Debt Oriented Schemes - 10-year Constant Maturity Gilt Fund12.1 years
The scheme seeks to generate income primarily by investing in portfolio of Government Securities while maintaining Macaulay duration of the portfolio around 10 years.
- NAV
- 26.2612
- 2 Nov 2026
- 1Y
- +2.7%
- Trailing CAGR
- AUM
- ₹1,934.74 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 2 Nov 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 74% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
12.1 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.29% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -4.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
74% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Manish Banthia · 2.8 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 ≈ 100.0% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+2.7%
- 3Y+7.0%
- 5Y+5.7%
- 10Y+7.2%
- SI+8.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.6%
- 3Y+5.0%
- 5Y+6.0%
- 10Y+6.7%
- Since inception
- +8.3%
- Calendar-day CAGR
- Excess 1Y
- +1.1%
- Category median, same plan and option
- 3Y win rate
- +74%
- Windows beating the median
- 3Y percentile
- 75
- Vs comparable share classes
- SIP 3Y XIRR
- +5.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.5%
- 2210 daily-ending windows
- Median rolling 3Y
- +8.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1728 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -4.7%
- Worst peak-to-trough
- Current
- -2.3%
- Below last peak
- Current spell
- 80 days
- Days below latest peak
- Time below peak
- +78%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 249 recovered episodes
- Longest recovery
- 90 days
- Trough to prior peak
24 Nov 2016 – 8 Jun 2017
Trough 10 Mar 2017 · recovered in 90 days
-4.7%
8 Dec 2021 – 8 Sept 2022
Trough 13 Jun 2022 · recovered in 87 days
-4.7%
7 Sept 2017 – 4 Apr 2018
Trough 22 Feb 2018 · recovered in 41 days
-3.4%
14 Aug 2026 – open
Trough 26 Oct 2026 · not recovered
-3.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
75
Vs category
57
Consistency
72
Risk-adjusted
57
Drawdown
88
Mean
70
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 74% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 9 holdings · top 10 are 100.0%.
- Top 5
- 95.9%
- Top 10
- 100.0%
- Largest holding
- 82.2%
- Effective holdings
- 1.5
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
82.2%
GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100
Entities
4.6%
STATE DEVELOPMENT LOAN 37129 KAR 25AG36 7.47 FV RS 100
Unspecified
3.8%
STATE DEVELOPMENT LOAN 36727 UP 19NV35 7.18 FV RS 100
Unspecified
2.7%
STATE DEVELOPMENT LOAN 33819 KAR 10JN36 7.74 FV RS 100
Unspecified
2.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bandhan 10 year Constant Maturity Gilt Fund
Bandhan Mutual Fund
- 1Y
- +3.1%
- 3Y
- +7.4%
- Vol
- 3.3%
- Max DD
- -5.0%
- Sharpe
- 0.80
- 3Y win
- +62%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
SBI 10 YEAR CONSTANT MATURITY GILT FUND
SBI Mutual Fund
- 1Y
- +1.9%
- 3Y
- +6.6%
- Vol
- 3.1%
- Max DD
- -4.5%
- Sharpe
- 0.78
- 3Y win
- +60%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
UTI 10 year Constant Maturity Gilt Fund
UTI Mutual Fund
- 1Y
- +1.9%
- 3Y
- +6.6%
- Vol
- 3.0%
- Max DD
- -3.3%
- Sharpe
- 0.25
- 3Y win
- +7%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns