Bandhan 10 year Constant Maturity Gilt Fund vs HSBC Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan 10 year Constant Maturity Gilt Fund and HSBC Gilt Fund are both Gilt funds. In the 3 years to 30-10-2026, Bandhan 10 year Constant Maturity Gilt Fund (Direct) returned 7.3% a year and HSBC Gilt Fund (Direct) returned 5.8% a year. Bandhan 10 year Constant Maturity Gilt Fund charges 0.26% a year and HSBC Gilt Fund 0.50% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
Bandhan 10 year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 7.3%
- Expense ratio
- 0.26%
- NAV
- ₹48.31
Which is better, Bandhan 10 year Constant Maturity Gilt or HSBC Gilt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan 10 year Constant Maturity Gilt returned more over 3 years: 7.3% a year against 5.8%.
- Bandhan 10 year Constant Maturity Gilt returned more over 1 year: 2.6% against 1.6%.
- Bandhan 10 year Constant Maturity Gilt costs less: 0.26% a year against 0.50% (Direct plans).
- Bandhan 10 year Constant Maturity Gilt swung less over 3 years: a standard deviation of 2.8% a year against 3.0%.
- Bandhan 10 year Constant Maturity Gilt fell less in its worst fall since 28-11-2022: −3.3% against −3.6%.
- Bandhan 10 year Constant Maturity Gilt is the larger fund: ₹285 Cr against ₹152 Cr.
- Their portfolios overlap 0.0%: 0 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bandhan 10 year Constant Maturity Gilt Fund | HSBC Gilt Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HSBC Mutual Fund |
| Category | Gilt | Gilt |
| AUM | ₹285 Cr (30-09-2026) | ₹152 Cr (30-09-2026) |
| NAV | ₹48.31 (Direct) | ₹76.84 (Direct) |
| Expense ratio (Direct) | 0.26% | 0.50% |
| Expense ratio (Regular) | 0.48% | 1.60% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL 10 Year Gilt Index | Nifty All Duration G-Sec Index |
| Launch date | 09-03-2002 | 29-03-2000 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Harshal Joshi | Shriram Ramanathan, Mohd Asif Rizwi |
| Exit load | Nil | NIL |
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bandhan 10 year Constant Maturity Gilt Fund (Direct) | −0.98% | −2.19% | +1.32% | +2.61% | +7.25% | +5.59% | +7.62% |
| HSBC Gilt Fund (Direct) | −0.42% | −0.98% | +1.77% | +1.57% | +5.82% | -- | -- |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | -- | -- |
Category average: the average of the 28 Gilt funds, same plan type.
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: Year-wise Returns
| Year | Bandhan 10 year Constant MaturityBandhan 10 year Constant Maturity Gilt | HSBCHSBC Gilt |
|---|---|---|
| 2026to date | +1.56% | +1.08% |
| 2025 | +7.75% | +4.52% |
| 2024 | +9.93% | +9.53% |
| 2023 | +7.60% | +6.91% |
| 2022 | +0.86% | -- |
| 2021 | +1.92% | -- |
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bandhan 10 year Constant Maturity Gilt Fund (Direct)
HSBC Gilt Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan 10 year Constant Maturity Gilt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.9% | 8.0% | 6.8% | 8.8% |
| HSBC Gilt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.3% | 5.2% | 7.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 28-11-2022. Past returns do not promise future returns.
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan 10 year Constant Maturity GiltBandhan 10 year Constant Maturity Gilt Fund (Direct) | ₹4,80,000 | ₹5,39,480 | ₹59,480 | 5.8% |
| HSBC GiltHSBC Gilt Fund (Direct) | ₹4,80,000 | ₹5,24,713 | ₹44,713 | 4.4% |
Bandhan 10 year Constant Maturity GiltBandhan 10 year Constant Maturity Gilt Fund (Direct)
HSBC GiltHSBC Gilt Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan 10 year Constant Maturity Gilt Fund (Direct) | HSBC Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.61% | +1.57% |
| Standard deviation | 3.40% | 3.26% |
| Sharpe ratio | -0.77 | -1.13 |
| Sortino ratio | -1.09 | -1.52 |
| Maximum drawdown | −3.3% (26-10-2026) | −2.7% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan 10 year Constant Maturity Gilt Fund (Direct) | HSBC Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.25% | +5.82% |
| Standard deviation | 2.77% | 3.02% |
| Sharpe ratio | 0.44 | -0.07 |
| Sortino ratio | 0.64 | -0.09 |
| Maximum drawdown | −3.3% (26-10-2026) | −3.6% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan 10 year Constant Maturity Gilt Fund (Direct) | HSBC Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.45% | +5.64% |
| Standard deviation | 3.22% | 2.80% |
| Sharpe ratio | 0.75 | -0.19 |
| Sortino ratio | 1.08 | -0.26 |
| Maximum drawdown | −5.0% (13-06-2022) | −3.6% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bandhan 10 year Constant Maturity Gilt Fund (Direct)
HSBC Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan 10 year Constant Maturity Gilt Fund (Direct) | −3.3% | 14-08-2026 | 26-10-2026 | Not yet | -- | −2.9% |
| HSBC Gilt Fund (Direct) | −3.6% | 28-05-2025 | 02-04-2026 | 24-06-2026 | 3 months | −2.0% |
From daily values since 28-11-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan 10 year Constant Maturity Gilt Fund (Direct)
HSBC Gilt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan 10 year Constant Maturity Gilt Fund (Direct)
HSBC Gilt Fund (Direct)
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan 10 year Constant Maturity Gilt Fund, September 2026; HSBC Gilt Fund, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in Bandhan 10 year Constant Maturity Gilt
- 6
- Only in HSBC Gilt
- 9
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.0% means 0.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bandhan 10 year Constant Maturity Gilt Fund
| Security | % of fund |
|---|---|
| 6.94% GOI (MD 11/05/2036) | 67.30% |
| 6.68% GOI (MD 07/07/2040) | 19.89% |
| 7.49% Karnataka SDL (MD 04/02/2035) | 6.19% |
| 7.1% GOI (MD 08/04/2034) | 1.75% |
| 7.18% GOI (MD 14/08/2033) | 0.35% |
Largest holdings only in HSBC Gilt Fund
| Security | % of fund |
|---|---|
| 364 Days Treasury Bill 10-Dec-2026 | 32.50% |
| 6.9% GOI 15-Apr-2065 | 15.86% |
| 7.24% GOI 18-Aug-2055 | 13.30% |
| 7.72% Maharashtra SDL - 23-Mar-2032 | 6.62% |
| 6.8% Tamil Nadu SDL - 02-Jul-2035 | 4.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan 10 year Constant Maturity Gilt | HSBC Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.6% | 81.3% |
| Cash and others | 4.4% | 18.7% |
Bandhan 10 year Constant Maturity Gilt vs HSBC Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan 10 year Constant Maturity Gilt Fund | HSBC Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.26% | 0.50% |
| Base expense ratio (Direct) | 0.22% | 0.41% |
| Total expense ratio (Regular) | 0.48% | 1.60% |
| Base expense ratio (Regular) | 0.41% | 1.34% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bandhan 10 year Constant Maturity Gilt with
Bandhan 10 year Constant Maturity Gilt Fund vs HSBC Gilt Fund: Frequently Asked Questions
What is the difference between Bandhan 10 year Constant Maturity Gilt Fund and HSBC Gilt Fund?
Both are Gilt funds, run by Bandhan Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 0.0%. Bandhan 10 year Constant Maturity Gilt Fund charges 0.26% a year and HSBC Gilt Fund 0.50%.
Which has given higher returns, Bandhan 10 year Constant Maturity Gilt Fund or HSBC Gilt Fund?
Over 1 year: Bandhan 10 year Constant Maturity Gilt Fund +2.61%, HSBC Gilt Fund +1.57%. Over 3 years: Bandhan 10 year Constant Maturity Gilt Fund +7.25% a year, HSBC Gilt Fund +5.82% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan 10 year Constant Maturity Gilt Fund or HSBC Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund charges less: 0.26% a year against 0.50%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan 10 year Constant Maturity Gilt Fund and HSBC Gilt Fund overlap?
0.0%. They hold 0 of the same securities. From each fund's latest monthly portfolio.
Which is riskier, Bandhan 10 year Constant Maturity Gilt Fund or HSBC Gilt Fund?
On SEBI's riskometer, Bandhan 10 year Constant Maturity Gilt Fund is rated Moderate and HSBC Gilt Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.77% and 3.02% a year.
Which is better for SIP, Bandhan 10 year Constant Maturity Gilt Fund or HSBC Gilt Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,00,219 in Bandhan 10 year Constant Maturity Gilt Fund (XIRR 5.0% a year) and ₹3,91,315 in HSBC Gilt Fund (XIRR 3.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan 10 year Constant Maturity Gilt Fund and HSBC Gilt Fund?
Yes. 0.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bandhan 10 year Constant Maturity Gilt Fund and HSBC Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund: Harshal Joshi. HSBC Gilt Fund: Shriram Ramanathan, Mohd Asif Rizwi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.