Baroda BNP Paribas Gilt Fund vs Tata Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Gilt Fund and Tata Gilt Fund are both Gilt funds. In the 3 years to 30-10-2026, Baroda BNP Paribas Gilt Fund (Direct) returned 6.4% a year and Tata Gilt Fund (Direct) returned 6.2% a year. Baroda BNP Paribas Gilt Fund charges 0.17% a year and Tata Gilt Fund 0.30% (Direct plans). Their portfolios overlap 28.9%: they hold 3 of the same securities.
Baroda BNP Paribas Gilt Fund
Gilt
- 3 year return
- 6.4%
- Expense ratio
- 0.17%
- NAV
- ₹47.98
Which is better, Baroda BNP Paribas Gilt or Tata Gilt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Gilt returned more over 5 years: 5.6% a year against 5.5%.
- Baroda BNP Paribas Gilt returned more over 3 years: 6.4% a year against 6.2%.
- Baroda BNP Paribas Gilt costs less: 0.17% a year against 0.30% (Direct plans).
- Baroda BNP Paribas Gilt swung less over 3 years: a standard deviation of 2.5% a year against 3.4%.
- Baroda BNP Paribas Gilt fell less in its worst fall since 07-01-2013: −6.7% against −10.4%.
- Tata Gilt is the larger fund: ₹769 Cr against ₹515 Cr.
- Their portfolios overlap 28.9%: 3 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 | Baroda BNP Paribas Gilt Fund | Tata Gilt Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Tata Mutual Fund |
| Category | Gilt | Gilt |
| AUM | ₹515 Cr (30-09-2026) | ₹769 Cr (30-09-2026) |
| NAV | ₹47.98 (Direct) | ₹88.88 (Direct) |
| Expense ratio (Direct) | 0.17% | 0.30% |
| Expense ratio (Regular) | 0.44% | 1.32% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | CRISIL Dynamic Gilt Index (AIII) |
| Launch date | Not available | 04-08-1999 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Akhil Mittal, Puja Kasat |
| Exit load | Not available | NIL |
Baroda BNP Paribas Gilt vs Tata 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Gilt Fund (Direct) | −0.50% | −0.87% | +2.01% | +2.06% | +6.44% | +5.50% | +6.18% |
| Tata Gilt Fund (Direct) | −1.00% | −2.40% | +1.50% | +1.32% | +6.15% | +5.59% | +6.23% |
| 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.
Baroda BNP Paribas Gilt vs Tata Gilt: Year-wise Returns
| Year | Baroda BNP ParibasBaroda BNP Paribas Gilt | TataTata Gilt |
|---|---|---|
| 2026to date | +1.57% | +0.61% |
| 2025 | +5.80% | +5.86% |
| 2024 | +9.90% | +9.53% |
| 2023 | +7.69% | +8.39% |
| 2022 | +2.33% | +3.27% |
| 2021 | +2.57% | +1.66% |
Baroda BNP Paribas Gilt vs Tata Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,616 of them, one for each trading day from 07-01-2016 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.
Baroda BNP Paribas Gilt Fund (Direct)
Tata Gilt Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Gilt | 0.0 | 12.0 | 76.1 | 11.9 | 0.0 | 0.0 | 0.0 | 7.6% | 7.5% | 3.8% | 13.9% |
| Tata Gilt | 0.0 | 10.4 | 76.3 | 13.2 | 0.0 | 0.0 | 0.0 | 7.8% | 7.5% | 3.7% | 14.6% |
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 07-01-2013. Past returns do not promise future returns.
Baroda BNP Paribas Gilt vs Tata 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas GiltBaroda BNP Paribas Gilt Fund (Direct) | ₹16,60,000 | ₹26,76,168 | ₹10,16,168 | 6.6% |
| Tata GiltTata Gilt Fund (Direct) | ₹16,60,000 | ₹26,74,225 | ₹10,14,225 | 6.6% |
Baroda BNP Paribas GiltBaroda BNP Paribas Gilt Fund (Direct)
Tata GiltTata 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.
Baroda BNP Paribas Gilt vs Tata Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Gilt Fund (Direct) | Tata Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.06% | +1.32% |
| Standard deviation | 3.03% | 4.41% |
| Sharpe ratio | -1.05 | -0.89 |
| Sortino ratio | -1.41 | -1.21 |
| Maximum drawdown | −2.5% (02-04-2026) | −4.0% (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 | Baroda BNP Paribas Gilt Fund (Direct) | Tata Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.44% | +6.15% |
| Standard deviation | 2.48% | 3.36% |
| Sharpe ratio | 0.17 | 0.04 |
| Sortino ratio | 0.24 | 0.05 |
| Maximum drawdown | −2.6% (26-08-2025) | −4.2% (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 | Baroda BNP Paribas Gilt Fund (Direct) | Tata Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.50% | +5.59% |
| Standard deviation | 2.27% | 2.92% |
| Sharpe ratio | -0.13 | -0.07 |
| Sortino ratio | -0.18 | -0.10 |
| Maximum drawdown | −2.6% (07-06-2022) | −4.2% (02-04-2026) |
| 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 | Baroda BNP Paribas Gilt Fund (Direct) | Tata Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.34% | +7.48% |
| Standard deviation | 3.55% | 4.01% |
| Sharpe ratio | 0.36 | 0.36 |
| Sortino ratio | 0.53 | 0.52 |
| Maximum drawdown | −6.7% (19-08-2013) | −10.4% (19-08-2013) |
| 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.
Baroda BNP Paribas Gilt Fund (Direct)
Tata Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Gilt Fund (Direct) | −6.7% | 17-06-2013 | 19-08-2013 | 15-01-2014 | 5 months | −1.7% |
| Tata Gilt Fund (Direct) | −10.4% | 28-05-2013 | 19-08-2013 | 02-05-2014 | 8 months | −3.6% |
From daily values since 07-01-2013, 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.
Baroda BNP Paribas Gilt Fund (Direct)
Tata 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.
Baroda BNP Paribas Gilt Fund (Direct)
Tata Gilt Fund (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.
Baroda BNP Paribas Gilt Fund (Direct)
Tata Gilt Fund (Direct)
Baroda BNP Paribas Gilt vs Tata Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Gilt Fund, September 2026; Tata Gilt Fund, September 2026
Holdings in common
- Overlap
- 28.9%
- Held by both
- 3
- Only in Baroda BNP Paribas Gilt
- 9
- Only in Tata Gilt
- 2
| Security | % of Baroda BNP Paribas Gilt | % of Tata Gilt |
|---|---|---|
| 6.9% Government of India (15/04/2065) | 20.25% | 40.82% |
| 7.09% Government of India (05/08/2054) | 6.89% | 6.08% |
| 7.18% Government of India (14/08/2033) | 2.53% | 3.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.9% means 28.9% 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 Baroda BNP Paribas Gilt Fund
| Security | % of fund |
|---|---|
| 182 Days Tbill (MD 31/12/2026) | 19.14% |
| 6.36% Government of India (16/02/2031) | 11.09% |
| 91 Days Tbill (MD 22/10/2026) | 9.67% |
| 6.94% Government of India (11/05/2036) | 9.54% |
| 8.06% State Government Securities (27/03/2029) | 4.94% |
Largest holdings only in Tata Gilt Fund
| Security | % of fund |
|---|---|
| GOI - 7.06% (27/07/2041) | 42.97% |
| GOI - 7.10% (08/04/2034) | 3.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Gilt | Tata Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.4% | 96.4% |
| Cash and others | 4.6% | 3.6% |
Baroda BNP Paribas Gilt vs Tata Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Gilt Fund | Tata Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 0.30% |
| Base expense ratio (Direct) | 0.13% | 0.24% |
| Total expense ratio (Regular) | 0.44% | 1.32% |
| Base expense ratio (Regular) | 0.36% | 1.18% |
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 Baroda BNP Paribas Gilt with
Baroda BNP Paribas Gilt Fund vs Tata Gilt Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Gilt Fund and Tata Gilt Fund?
Both are Gilt funds, run by Baroda BNP Paribas Mutual Fund and Tata Mutual Fund. Their portfolios overlap 28.9%. Baroda BNP Paribas Gilt Fund charges 0.17% a year and Tata Gilt Fund 0.30%.
Which has given higher returns, Baroda BNP Paribas Gilt Fund or Tata Gilt Fund?
Over 1 year: Baroda BNP Paribas Gilt Fund +2.06%, Tata Gilt Fund +1.32%. Over 3 years: Baroda BNP Paribas Gilt Fund +6.44% a year, Tata Gilt Fund +6.15% a year. Over 5 years: Baroda BNP Paribas Gilt Fund +5.50% a year, Tata Gilt Fund +5.59% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Gilt Fund or Tata Gilt Fund?
Baroda BNP Paribas Gilt Fund charges less: 0.17% a year against 0.30%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Gilt Fund and Tata Gilt Fund overlap?
28.9%. They hold 3 of the same securities, the largest shared ones being 6.9% Government of India (15/04/2065), 7.09% Government of India (05/08/2054), 7.18% Government of India (14/08/2033). From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Gilt Fund or Tata Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,02,814 in Baroda BNP Paribas Gilt Fund (XIRR 5.5% a year) and ₹6,97,482 in Tata Gilt Fund (XIRR 5.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Gilt Fund and Tata Gilt Fund?
Yes. 28.9% 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.