DSP 10 year Constant Maturity Gilt Fund vs LIC MF Nifty 8-13 yr 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 LIC MF Nifty 8-13 yr G-Sec ETF is an ETF fund. In the 3 years to 30-10-2026, DSP 10 year Constant Maturity Gilt Fund (Direct) returned 5.9% a year and LIC MF Nifty 8-13 yr G-Sec ETF returned 6.4% a year. DSP 10 year Constant Maturity Gilt Fund charges 0.30% a year and LIC MF Nifty 8-13 yr G-Sec ETF 0.17%. Their portfolios overlap 61.5%: they hold 2 of the same securities.
DSP 10 year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 5.9%
- Expense ratio
- 0.30%
- NAV
- ₹22.57
LIC MF Nifty 8-13 yr G-Sec ETF
ETF
- 3 year return
- 6.4%
- Expense ratio
- 0.17%
- NAV
- ₹28.77
Which is better, DSP 10 year Constant Maturity Gilt or LIC MF Nifty 8-13 yr 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.
- LIC MF Nifty 8-13 yr G-Sec ETF returned more over 5 years: 5.2% a year against 4.7%.
- LIC MF Nifty 8-13 yr G-Sec ETF returned more over 3 years: 6.4% a year against 5.9%.
- LIC MF Nifty 8-13 yr G-Sec ETF costs less: 0.17% a year against 0.30%.
- LIC MF Nifty 8-13 yr G-Sec ETF swung less over 3 years: a standard deviation of 2.7% a year against 2.8%.
- LIC MF Nifty 8-13 yr G-Sec ETF fell less in its worst fall since 26-12-2014: −5.0% against −5.5%.
- LIC MF Nifty 8-13 yr G-Sec ETF is the larger fund: ₹1,704 Cr against ₹37 Cr.
- Their portfolios overlap 61.5%: 2 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 | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | LIC Mutual Fund |
| Category | Gilt | ETF |
| AUM | ₹37 Cr (30-09-2026) | ₹1,704 Cr (30-09-2026) |
| NAV | ₹22.57 (Direct) | ₹28.77 |
| Expense ratio (Direct) | 0.30% | Not available |
| Expense ratio (Regular) | 0.50% | Not available |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL 10 Year Gilt Index | Nifty 8-13 yr G-Sec |
| Launch date | 26-09-2014 | 24-12-2014 |
| Minimum investment | ₹100 | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | None | None |
| Fund managers | Shantanu Godambe | Pratik Harish Shroff, Rahul Singh |
| Exit load | Nil | Nil |
DSP 10 year Constant Maturity Gilt vs LIC MF Nifty 8-13 yr 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% |
| LIC MF Nifty 8-13 yr G-Sec ETF | −1.06% | −2.37% | +0.66% | +0.96% | +6.43% | +5.24% | +5.86% |
| 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 LIC MF Nifty 8-13 yr G-Sec ETF: Year-wise Returns
| Year | DSP 10 year Constant Maturity GiltDSP 10 year Constant Maturity Gilt | LIC MF Nifty 8-13 yr G-Sec ETFLIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| 2026to date | −0.33% | +0.20% |
| 2025 | +6.40% | +7.19% |
| 2024 | +9.20% | +9.49% |
| 2023 | +7.92% | +7.94% |
| 2022 | +0.34% | +0.93% |
| 2021 | +0.89% | +1.55% |
DSP 10 year Constant Maturity Gilt vs LIC MF Nifty 8-13 yr G-Sec ETF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,147 of them, one for each trading day from 26-12-2017 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.
DSP 10 year Constant Maturity Gilt Fund (Direct)
LIC MF Nifty 8-13 yr G-Sec ETF
to
Sept 2018Mar 2017
to
Mar 2020Sept 2018
to
Sept 2021Mar 2020
to
Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP 10 year Constant Maturity Gilt | 0.0 | 25.5 | 70.4 | 4.1 | 0.0 | 0.0 | 0.0 | 6.7% | 7.1% | 2.3% | 11.0% |
| LIC MF Nifty 8-13 yr G-Sec ETF | 0.0 | 23.4 | 75.6 | 1.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.9% | 2.8% | 10.2% |
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 26-12-2014. Past returns do not promise future returns.
DSP 10 year Constant Maturity Gilt vs LIC MF Nifty 8-13 yr G-Sec ETF: 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 01-12-2014 to 30-10-2026: 143 instalments, ₹14,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP 10 year Constant Maturity GiltDSP 10 year Constant Maturity Gilt Fund (Direct) | ₹14,30,000 | ₹20,35,031 | ₹6,05,031 | 5.7% |
| LIC MF Nifty 8-13 yr G-Sec ETFLIC MF Nifty 8-13 yr G-Sec ETF | ₹14,30,000 | ₹20,62,800 | ₹6,32,800 | 6.0% |
DSP 10 year Constant Maturity GiltDSP 10 year Constant Maturity Gilt Fund (Direct)
LIC MF Nifty 8-13 yr G-Sec ETFLIC MF Nifty 8-13 yr G-Sec ETF
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.
DSP 10 year Constant Maturity Gilt vs LIC MF Nifty 8-13 yr 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) | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Return (CAGR) | +0.20% | +0.96% |
| Standard deviation | 3.47% | 3.31% |
| Sharpe ratio | -1.46 | -1.30 |
| Sortino ratio | -1.95 | -1.76 |
| Maximum drawdown | −3.5% (23-10-2026) | −3.4% (23-10-2026) |
| 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 | DSP 10 year Constant Maturity Gilt Fund (Direct) | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Return (CAGR) | +5.87% | +6.43% |
| Standard deviation | 2.80% | 2.71% |
| Sharpe ratio | -0.05 | 0.15 |
| Sortino ratio | -0.08 | 0.21 |
| Maximum drawdown | −3.5% (23-10-2026) | −3.4% (23-10-2026) |
| 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 | DSP 10 year Constant Maturity Gilt Fund (Direct) | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Return (CAGR) | +4.74% | +5.24% |
| Standard deviation | 3.32% | 3.17% |
| Sharpe ratio | -0.32 | -0.18 |
| Sortino ratio | -0.44 | -0.24 |
| Maximum drawdown | −5.2% (13-06-2022) | −4.9% (13-06-2022) |
| 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 | DSP 10 year Constant Maturity Gilt Fund (Direct) | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Return (CAGR) | +6.96% | +6.65% |
| Standard deviation | 3.91% | 3.82% |
| Sharpe ratio | 0.32 | 0.26 |
| Sortino ratio | 0.46 | 0.37 |
| Maximum drawdown | −5.5% (13-06-2022) | −5.0% (22-02-2018) |
| 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)
LIC MF Nifty 8-13 yr 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) | −5.5% | 24-06-2021 | 13-06-2022 | 11-01-2023 | 7 months | −3.0% |
| LIC MF Nifty 8-13 yr G-Sec ETF | −5.0% | 03-08-2017 | 22-02-2018 | 05-04-2018 | 42 days | −3.0% |
From daily values since 26-12-2014, 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.
DSP 10 year Constant Maturity Gilt Fund (Direct)
LIC MF Nifty 8-13 yr G-Sec ETF
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.
DSP 10 year Constant Maturity Gilt Fund (Direct)
LIC MF Nifty 8-13 yr G-Sec ETF
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.
DSP 10 year Constant Maturity Gilt Fund (Direct)
LIC MF Nifty 8-13 yr G-Sec ETF
DSP 10 year Constant Maturity Gilt vs LIC MF Nifty 8-13 yr G-Sec ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP 10 year Constant Maturity Gilt Fund, September 2026; LIC MF Nifty 8-13 yr G-Sec ETF, September 2026
Holdings in common
- Overlap
- 61.5%
- Held by both
- 2
- Only in DSP 10 year Constant Maturity Gilt
- 0
- Only in LIC MF Nifty 8-13 yr G-Sec ETF
- 1
| Security | % of DSP 10 year Constant Maturity Gilt | % of LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| 6.94% GOI 11052036 | 95.89% | 58.87% |
| 6.48% GOI 06102035 | 2.68% | 25.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 61.5% means 61.5% 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
Every holding of this fund is also held by the other.
Largest holdings only in LIC MF Nifty 8-13 yr G-Sec ETF
| Security | % of fund |
|---|---|
| 7.18% Government of India | 15.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP 10 year Constant Maturity Gilt | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.6% | 99.5% |
| Cash and others | 1.4% | 0.5% |
DSP 10 year Constant Maturity Gilt vs LIC MF Nifty 8-13 yr 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 | LIC MF Nifty 8-13 yr G-Sec ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.30% | Not available |
| Base expense ratio (Direct) | 0.26% | 0.00% |
| Total expense ratio (Regular) | 0.50% | Not available |
| Base expense ratio (Regular) | 0.43% | 0.14% |
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 DSP 10 year Constant Maturity Gilt with
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DSP 10 year Constant Maturity Gilt Fund vs LIC MF Nifty 8-13 yr G-Sec ETF: Frequently Asked Questions
What is the difference between DSP 10 year Constant Maturity Gilt Fund and LIC MF Nifty 8-13 yr G-Sec ETF?
DSP 10 year Constant Maturity Gilt Fund is a Gilt fund, LIC MF Nifty 8-13 yr G-Sec ETF is an ETF fund, run by DSP Mutual Fund and LIC Mutual Fund. Their portfolios overlap 61.5%. DSP 10 year Constant Maturity Gilt Fund charges 0.30% a year and LIC MF Nifty 8-13 yr G-Sec ETF 0.17%.
Which has given higher returns, DSP 10 year Constant Maturity Gilt Fund or LIC MF Nifty 8-13 yr G-Sec ETF?
Over 1 year: DSP 10 year Constant Maturity Gilt Fund +0.20%, LIC MF Nifty 8-13 yr G-Sec ETF +0.96%. Over 3 years: DSP 10 year Constant Maturity Gilt Fund +5.87% a year, LIC MF Nifty 8-13 yr G-Sec ETF +6.43% a year. Over 5 years: DSP 10 year Constant Maturity Gilt Fund +4.74% a year, LIC MF Nifty 8-13 yr G-Sec ETF +5.24% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP 10 year Constant Maturity Gilt Fund or LIC MF Nifty 8-13 yr G-Sec ETF?
LIC MF Nifty 8-13 yr G-Sec ETF charges less: 0.17% 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 LIC MF Nifty 8-13 yr G-Sec ETF overlap?
61.5%. They hold 2 of the same securities, the largest shared ones being 6.94% GOI 11052036, 6.48% GOI 06102035. From each fund's latest monthly portfolio.
Which is riskier, DSP 10 year Constant Maturity Gilt Fund or LIC MF Nifty 8-13 yr G-Sec ETF?
On SEBI's riskometer, DSP 10 year Constant Maturity Gilt Fund is rated Moderate and LIC MF Nifty 8-13 yr G-Sec ETF Moderate. Over 3 years, the standard deviation of daily returns was 2.80% and 2.71% a year.
Which is better for SIP, DSP 10 year Constant Maturity Gilt Fund or LIC MF Nifty 8-13 yr G-Sec ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,89,776 in DSP 10 year Constant Maturity Gilt Fund (XIRR 4.8% a year) and ₹6,99,243 in LIC MF Nifty 8-13 yr G-Sec ETF (XIRR 5.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP 10 year Constant Maturity Gilt Fund and LIC MF Nifty 8-13 yr G-Sec ETF?
Yes. 61.5% 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 LIC MF Nifty 8-13 yr G-Sec ETF?
DSP 10 year Constant Maturity Gilt Fund: Shantanu Godambe. LIC MF Nifty 8-13 yr G-Sec ETF: Pratik Harish Shroff, Rahul Singh.
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.