DSP 10 year Constant Maturity Gilt Fund vs DSP Nifty 10 Yr Benchmark G-Sec ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP 10 year Constant Maturity Gilt Fund is a Gilt fund and DSP Nifty 10 Yr Benchmark G-Sec ETF is an ETF fund. DSP 10 year Constant Maturity Gilt Fund charges 0.30% a year and DSP Nifty 10 Yr Benchmark G-Sec ETF 0.16%. Their portfolios overlap 95.9%: they hold 1 of the same security.
DSP 10 year Constant Maturity Gilt Fund
Gilt
- Expense ratio
- 0.30%
- NAV
- ₹22.57
DSP Nifty 10 Yr Benchmark G-Sec ETF
ETF
- Expense ratio
- 0.16%
- NAV
- ₹26.09
Which is better, DSP 10 year Constant Maturity Gilt or DSP Nifty 10 Yr Benchmark G-Sec ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Nifty 10 Yr Benchmark G-Sec ETF costs less: 0.16% a year against 0.30%.
- DSP Nifty 10 Yr Benchmark G-Sec ETF fell less in its worst fall since 14-08-2026: −3.4% against −3.5%.
- DSP 10 year Constant Maturity Gilt is the larger fund: ₹37 Cr against ₹14 Cr.
- Their portfolios overlap 95.9%: 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 | DSP 10 year Constant Maturity Gilt Fund | DSP Nifty 10 Yr Benchmark G-Sec ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Gilt | ETF |
| AUM | ₹37 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹22.57 (Direct) | ₹26.09 |
| Expense ratio (Direct) | 0.30% | Not available |
| Expense ratio (Regular) | 0.50% | Not available |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL 10 Year Gilt Index | Nifty 10 yr Benchmark G-Sec Index |
| Launch date | 26-09-2014 | 14-08-2026 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shantanu Godambe | Anil Ghelani, Diipesh Shah, Neha Rathi |
| Exit load | Nil | Nil |
DSP 10 year Constant Maturity Gilt vs DSP Nifty 10 Yr Benchmark G-Sec ETF: 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 |
|---|---|---|---|---|---|---|---|
| DSP 10 year Constant Maturity Gilt Fund (Direct) | −1.08% | −2.45% | +0.45% | +0.20% | +5.87% | +4.74% | +5.87% |
| DSP Nifty 10 Yr Benchmark G-Sec ETF | −1.06% | -- | -- | -- | -- | -- | -- |
| 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.
DSP 10 year Constant Maturity Gilt vs DSP Nifty 10 Yr Benchmark G-Sec ETF: Year-wise Returns
| Year | 10 year Constant Maturity GiltDSP 10 year Constant Maturity Gilt | Nifty 10 Yr Benchmark G-Sec ETFDSP Nifty 10 Yr Benchmark G-Sec ETF |
|---|---|---|
| 2026to date | −0.33% | -- |
| 2025 | +6.40% | -- |
| 2024 | +9.20% | -- |
| 2023 | +7.92% | -- |
| 2022 | +0.34% | -- |
| 2021 | +0.89% | -- |
DSP 10 year Constant Maturity Gilt vs DSP Nifty 10 Yr Benchmark G-Sec ETF: Rolling Returns
Every holding period of both funds
DSP 10 year Constant Maturity Gilt vs DSP Nifty 10 Yr Benchmark G-Sec ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP 10 year Constant Maturity Gilt Fund (Direct) | DSP Nifty 10 Yr Benchmark G-Sec ETF |
|---|---|---|
| Return (CAGR) | +6.96% | −13.41% |
| Standard deviation | 3.91% | 3.18% |
| Sharpe ratio | 0.32 | -5.87 |
| Sortino ratio | 0.46 | -6.17 |
| Maximum drawdown | −5.5% (13-06-2022) | −3.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-09-2014 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.
DSP 10 year Constant Maturity Gilt Fund (Direct)
DSP Nifty 10 Yr Benchmark G-Sec ETF
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP 10 year Constant Maturity Gilt Fund (Direct) | −3.5% | 14-08-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| DSP Nifty 10 Yr Benchmark G-Sec ETF | −3.4% | 14-08-2026 | 23-10-2026 | Not yet | -- | −3.0% |
From daily values since 14-08-2026, the first day every fund has.
DSP 10 year Constant Maturity Gilt vs DSP Nifty 10 Yr Benchmark G-Sec ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP 10 year Constant Maturity Gilt Fund, September 2026; DSP Nifty 10 Yr Benchmark G-Sec ETF, September 2026
Holdings in common
- Overlap
- 95.9%
- Held by both
- 1
- Only in DSP 10 year Constant Maturity Gilt
- 1
- Only in DSP Nifty 10 Yr Benchmark G-Sec ETF
- 0
| Security | % of DSP 10 year Constant Maturity Gilt | % of DSP Nifty 10 Yr Benchmark G-Sec ETF |
|---|---|---|
| 6.94% GOI 11052036 | 95.89% | 99.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 95.9% means 95.9% 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 DSP 10 year Constant Maturity Gilt Fund
| Security | % of fund |
|---|---|
| 6.48% GOI 06102035 | 2.68% |
Largest holdings only in DSP Nifty 10 Yr Benchmark G-Sec ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP 10 year Constant Maturity Gilt | DSP Nifty 10 Yr Benchmark G-Sec ETF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.6% | 99.3% |
| Cash and others | 1.4% | 0.7% |
DSP 10 year Constant Maturity Gilt vs DSP Nifty 10 Yr Benchmark G-Sec ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP 10 year Constant Maturity Gilt Fund | DSP Nifty 10 Yr Benchmark G-Sec ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.30% | Not available |
| Base expense ratio (Direct) | 0.26% | 0.13% |
| Total expense ratio (Regular) | 0.50% | Not available |
| Base expense ratio (Regular) | 0.43% | 0.00% |
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
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DSP 10 year Constant Maturity Gilt Fund vs DSP Nifty 10 Yr Benchmark G-Sec ETF: Frequently Asked Questions
What is the difference between DSP 10 year Constant Maturity Gilt Fund and DSP Nifty 10 Yr Benchmark G-Sec ETF?
DSP 10 year Constant Maturity Gilt Fund is a Gilt fund, DSP Nifty 10 Yr Benchmark G-Sec ETF is an ETF fund, run by DSP Mutual Fund. Their portfolios overlap 95.9%. DSP 10 year Constant Maturity Gilt Fund charges 0.30% a year and DSP Nifty 10 Yr Benchmark G-Sec ETF 0.16%.
Which has the lower expense ratio, DSP 10 year Constant Maturity Gilt Fund or DSP Nifty 10 Yr Benchmark G-Sec ETF?
DSP Nifty 10 Yr Benchmark G-Sec ETF charges less: 0.16% a year against 0.30%. These are the total expense ratios reported to AMFI.
How much do DSP 10 year Constant Maturity Gilt Fund and DSP Nifty 10 Yr Benchmark G-Sec ETF overlap?
95.9%. They hold 1 of the same securities, the largest shared ones being 6.94% GOI 11052036. From each fund's latest monthly portfolio.
Which is riskier, DSP 10 year Constant Maturity Gilt Fund or DSP Nifty 10 Yr Benchmark G-Sec ETF?
On SEBI's riskometer, DSP 10 year Constant Maturity Gilt Fund is rated Moderate and DSP Nifty 10 Yr Benchmark G-Sec ETF Moderate. Over their common history, the standard deviation of daily returns was 3.91% and 3.18% a year.
Can I invest in both DSP 10 year Constant Maturity Gilt Fund and DSP Nifty 10 Yr Benchmark G-Sec ETF?
Yes. 95.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP 10 year Constant Maturity Gilt Fund and DSP Nifty 10 Yr Benchmark G-Sec ETF?
DSP 10 year Constant Maturity Gilt Fund: Shantanu Godambe. DSP Nifty 10 Yr Benchmark G-Sec ETF: Anil Ghelani, Diipesh Shah, Neha Rathi.
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.