Bandhan 10 year Constant Maturity Gilt Fund vs Nippon India Retirement Fund- Income Generation Scheme
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan 10 year Constant Maturity Gilt Fund is a Gilt fund and Nippon India Retirement Fund- Income Generation Scheme is a mutual fund. In the 3 years to 30-10-2026, Bandhan 10 year Constant Maturity Gilt Fund (Direct) returned 7.3% a year and Nippon India Retirement Fund- Income Generation Scheme (Direct) returned 6.4% a year. Bandhan 10 year Constant Maturity Gilt Fund charges 0.26% a year and Nippon India Retirement Fund- Income Generation Scheme 0.98% (Direct plans). Their portfolios overlap 17.1%: they hold 1 of the same security.
Bandhan 10 year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 7.3%
- Expense ratio
- 0.26%
- NAV
- ₹48.31
Nippon India Retirement Fund- Income Generation Scheme
- 3 year return
- 6.4%
- Expense ratio
- 0.98%
- NAV
- ₹22.75
Which is better, Bandhan 10 year Constant Maturity Gilt or Nippon India Retirement Fund- Income Generation Scheme? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Retirement Fund- Income Generation Scheme returned more over 5 years: 5.8% a year against 5.6%.
- Bandhan 10 year Constant Maturity Gilt returned more over 3 years: 7.3% a year against 6.4%.
- Bandhan 10 year Constant Maturity Gilt costs less: 0.26% a year against 0.98% (Direct plans).
- Bandhan 10 year Constant Maturity Gilt swung less over 3 years: a standard deviation of 2.8% a year against 4.6%.
- Bandhan 10 year Constant Maturity Gilt fell less in its worst fall since 13-02-2015: −5.0% against −7.4%.
- Bandhan 10 year Constant Maturity Gilt is the larger fund: ₹285 Cr against ₹138 Cr.
- Their portfolios overlap 17.1%: 1 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 | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Nippon India Mutual Fund |
| Category | Gilt | Not available |
| AUM | ₹285 Cr (30-09-2026) | ₹138 Cr (30-09-2026) |
| NAV | ₹48.31 (Direct) | ₹22.75 (Direct) |
| Expense ratio (Direct) | 0.26% | 0.98% |
| Expense ratio (Regular) | 0.48% | 2.11% |
| Riskometer | Moderate | Not available |
| Benchmark | CRISIL 10 Year Gilt Index | Not available |
| Launch date | 09-03-2002 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Harshal Joshi | Not available |
| Exit load | Nil | Not available |
Bandhan 10 year Constant Maturity Gilt vs Nippon India Retirement Fund- Income Generation Scheme: 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% |
| Nippon India Retirement Fund- Income Generation Scheme (Direct) | −0.70% | −3.53% | +0.12% | −1.77% | +6.39% | +5.81% | +6.84% |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | +5.46% | +6.64% |
Category average: the average of the 28 Gilt funds, same plan type.
Bandhan 10 year Constant Maturity Gilt vs Nippon India Retirement Fund- Income Generation Scheme: Year-wise Returns
| Year | Bandhan 10 year Constant Maturity GiltBandhan 10 year Constant Maturity Gilt | Nippon India Retirement Fund- Income Generation SchemeNippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| 2026to date | +1.56% | −1.89% |
| 2025 | +7.75% | +4.43% |
| 2024 | +9.93% | +12.34% |
| 2023 | +7.60% | +11.45% |
| 2022 | +0.86% | +3.07% |
| 2021 | +1.92% | +6.01% |
Bandhan 10 year Constant Maturity Gilt vs Nippon India Retirement Fund- Income Generation Scheme: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,115 of them, one for each trading day from 14-02-2018 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)
Nippon India Retirement Fund- Income Generation Scheme (Direct)
to
Oct 2018Apr 2017
to
Apr 2020Oct 2018
to
Oct 2021Apr 2020
to
Apr 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 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 | 15.3 | 55.6 | 29.1 | 0.0 | 0.0 | 0.0 | 8.3% | 8.3% | 2.8% | 13.3% |
| Nippon India Retirement Fund- Income Generation Scheme | 0.0 | 1.4 | 89.7 | 8.9 | 0.0 | 0.0 | 0.0 | 8.1% | 8.1% | 4.1% | 12.6% |
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 13-02-2015. Past returns do not promise future returns.
Bandhan 10 year Constant Maturity Gilt vs Nippon India Retirement Fund- Income Generation Scheme: 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 02-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan 10 year Constant Maturity GiltBandhan 10 year Constant Maturity Gilt Fund (Direct) | ₹14,10,000 | ₹21,76,148 | ₹7,66,148 | 7.1% |
| Nippon India Retirement Fund- Income Generation SchemeNippon India Retirement Fund- Income Generation Scheme (Direct) | ₹14,10,000 | ₹21,33,481 | ₹7,23,481 | 6.8% |
Bandhan 10 year Constant Maturity GiltBandhan 10 year Constant Maturity Gilt Fund (Direct)
Nippon India Retirement Fund- Income Generation SchemeNippon India Retirement Fund- Income Generation Scheme (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 Nippon India Retirement Fund- Income Generation Scheme: 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) | Nippon India Retirement Fund- Income Generation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +2.61% | −1.77% |
| Standard deviation | 3.40% | 5.34% |
| Sharpe ratio | -0.77 | -1.31 |
| Sortino ratio | -1.09 | -1.76 |
| Maximum drawdown | −3.3% (26-10-2026) | −4.9% (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) | Nippon India Retirement Fund- Income Generation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +7.25% | +6.39% |
| Standard deviation | 2.77% | 4.56% |
| Sharpe ratio | 0.44 | 0.08 |
| Sortino ratio | 0.64 | 0.11 |
| Maximum drawdown | −3.3% (26-10-2026) | −4.9% (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) | Nippon India Retirement Fund- Income Generation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +5.59% | +5.81% |
| Standard deviation | 3.32% | 4.64% |
| Sharpe ratio | -0.06 | 0.00 |
| Sortino ratio | -0.09 | 0.00 |
| Maximum drawdown | −4.8% (13-06-2022) | −7.4% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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) | Nippon India Retirement Fund- Income Generation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +8.45% | +7.26% |
| Standard deviation | 3.22% | 4.82% |
| Sharpe ratio | 0.75 | 0.34 |
| Sortino ratio | 1.08 | 0.47 |
| Maximum drawdown | −5.0% (13-06-2022) | −7.4% (17-06-2022) |
| 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)
Nippon India Retirement Fund- Income Generation Scheme (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) | −5.0% | 21-09-2021 | 13-06-2022 | 24-11-2022 | 5 months | −2.9% |
| Nippon India Retirement Fund- Income Generation Scheme (Direct) | −7.4% | 15-11-2021 | 17-06-2022 | 07-09-2022 | 3 months | −4.3% |
From daily values since 13-02-2015, 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)
Nippon India Retirement Fund- Income Generation Scheme (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)
Nippon India Retirement Fund- Income Generation Scheme (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-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)
Nippon India Retirement Fund- Income Generation Scheme (Direct)
Bandhan 10 year Constant Maturity Gilt vs Nippon India Retirement Fund- Income Generation Scheme: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan 10 year Constant Maturity Gilt Fund, September 2026; Nippon India Retirement Fund- Income Generation Scheme, September 2026
Holdings in common
- Overlap
- 17.1%
- Held by both
- 1
- Only in Bandhan 10 year Constant Maturity Gilt
- 5
- Only in Nippon India Retirement Fund- Income Generation Scheme
- 27
| Security | % of Bandhan 10 year Constant Maturity Gilt | % of Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| 6.68% GOI (MD 07/07/2040) | 19.89% | 17.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.1% means 17.1% 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% |
| 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% |
| 8.24% GOI (MD 15/02/2027) | 0.16% |
Largest holdings only in Nippon India Retirement Fund- Income Generation Scheme
| Security | % of fund |
|---|---|
| 7.06% Government of India | 30.72% |
| 8.13% Government of India | 16.12% |
| 8.17% Government of India | 4.98% |
| 6.36% Government of India | 3.55% |
| ICICI Bank Limited | 2.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan 10 year Constant Maturity Gilt | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Equity | 0.0% | 19.2% |
| Debt | 95.6% | 74.9% |
| Cash and others | 4.4% | 5.9% |
Market cap of stocks
| Market cap | Bandhan 10 year Constant Maturity Gilt | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Large Cap | -- | 17.2% |
| Mid Cap | -- | 0.9% |
| Small Cap | -- | 1.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bandhan 10 year Constant Maturity Gilt | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Banks | 0.0% | 7.6% |
| Petroleum Products | 0.0% | 1.5% |
| Auto Components | 0.0% | 1.3% |
| Construction | 0.0% | 1.3% |
| Power | 0.0% | 1.1% |
| IT - Software | 0.0% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan 10 year Constant Maturity Gilt vs Nippon India Retirement Fund- Income Generation Scheme: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan 10 year Constant Maturity Gilt Fund | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Total expense ratio (Direct) | 0.26% | 0.98% |
| Base expense ratio (Direct) | 0.22% | 0.83% |
| Total expense ratio (Regular) | 0.48% | 2.11% |
| Base expense ratio (Regular) | 0.41% | 1.79% |
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 Nippon India Retirement Fund- Income Generation Scheme: Frequently Asked Questions
What is the difference between Bandhan 10 year Constant Maturity Gilt Fund and Nippon India Retirement Fund- Income Generation Scheme?
Bandhan 10 year Constant Maturity Gilt Fund is a Gilt fund, Nippon India Retirement Fund- Income Generation Scheme is a mutual fund, run by Bandhan Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 17.1%. Bandhan 10 year Constant Maturity Gilt Fund charges 0.26% a year and Nippon India Retirement Fund- Income Generation Scheme 0.98%.
Which has given higher returns, Bandhan 10 year Constant Maturity Gilt Fund or Nippon India Retirement Fund- Income Generation Scheme?
Over 1 year: Bandhan 10 year Constant Maturity Gilt Fund +2.61%, Nippon India Retirement Fund- Income Generation Scheme −1.77%. Over 3 years: Bandhan 10 year Constant Maturity Gilt Fund +7.25% a year, Nippon India Retirement Fund- Income Generation Scheme +6.39% a year. Over 5 years: Bandhan 10 year Constant Maturity Gilt Fund +5.59% a year, Nippon India Retirement Fund- Income Generation Scheme +5.81% 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 Nippon India Retirement Fund- Income Generation Scheme?
Bandhan 10 year Constant Maturity Gilt Fund charges less: 0.26% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan 10 year Constant Maturity Gilt Fund and Nippon India Retirement Fund- Income Generation Scheme overlap?
17.1%. They hold 1 of the same securities, the largest shared ones being 6.68% GOI (MD 07/07/2040). From each fund's latest monthly portfolio.
Which is better for SIP, Bandhan 10 year Constant Maturity Gilt Fund or Nippon India Retirement Fund- Income Generation Scheme?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,11,345 in Bandhan 10 year Constant Maturity Gilt Fund (XIRR 6.0% a year) and ₹6,94,448 in Nippon India Retirement Fund- Income Generation Scheme (XIRR 5.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan 10 year Constant Maturity Gilt Fund and Nippon India Retirement Fund- Income Generation Scheme?
Yes. 17.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.