DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty 10 Yr Benchmark G-Sec ETF is an ETF fund and UTI 10 year Constant Maturity Gilt Fund is a Gilt fund. DSP Nifty 10 Yr Benchmark G-Sec ETF charges 0.16% a year and UTI 10 year Constant Maturity Gilt Fund 0.33%. Their portfolios overlap 56.2%: they hold 1 of the same security.
DSP Nifty 10 Yr Benchmark G-Sec ETF
ETF
- Expense ratio
- 0.16%
- NAV
- ₹26.09
UTI 10 year Constant Maturity Gilt Fund
Gilt
- Expense ratio
- 0.33%
- NAV
- ₹13.10
Which is better, DSP Nifty 10 Yr Benchmark G-Sec ETF or UTI 10 year Constant Maturity Gilt? 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 0.33%.
- UTI 10 year Constant Maturity Gilt fell less in its worst fall since 14-08-2026: −3.3% against −3.4%.
- UTI 10 year Constant Maturity Gilt is the larger fund: ₹105 Cr against ₹14 Cr.
- Their portfolios overlap 56.2%: 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 Nifty 10 Yr Benchmark G-Sec ETF | UTI 10 year Constant Maturity Gilt Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | ETF | Gilt |
| AUM | ₹14 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹26.09 | ₹13.10 (Direct) |
| Expense ratio (Direct) | Not available | 0.33% |
| Expense ratio (Regular) | Not available | 0.77% |
| Riskometer | Moderate | Not available |
| Benchmark | Nifty 10 yr Benchmark G-Sec Index | CRISIL 10 Year Gilt Index |
| Launch date | 14-08-2026 | 01-08-2022 |
| Minimum investment | ₹5,000 | Direct Plan-Growth-Rs.5000, Regular Plan-Growth-Rs.5000 "Note - Fresh subscriptions in Income Distribution Cum Capital Withdrawal (IDCW) option through all modes such as Lump Sum mode (including Switches) and fresh registration of Systematic Investment Pl |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Jaydeep Bhowal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity 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 |
|---|---|---|---|---|---|---|---|
| DSP Nifty 10 Yr Benchmark G-Sec ETF | −1.06% | -- | -- | -- | -- | -- | -- |
| UTI 10 year Constant Maturity Gilt Fund (Direct) | −0.93% | −2.25% | +1.02% | +1.45% | +6.55% | -- | -- |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | -- | -- |
Category average: the average of the 28 Gilt funds, same plan type.
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt: Year-wise Returns
| Year | DSP Nifty 10 Yr Benchmark G-Sec ETFDSP Nifty 10 Yr Benchmark G-Sec ETF | UTI 10 year Constant Maturity GiltUTI 10 year Constant Maturity Gilt |
|---|---|---|
| 2026to date | -- | +0.62% |
| 2025 | -- | +7.09% |
| 2024 | -- | +9.57% |
| 2023 | -- | +7.81% |
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt: Rolling Returns
Every holding period of both funds
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty 10 Yr Benchmark G-Sec ETF | UTI 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | −13.41% | +6.41% |
| Standard deviation | 3.18% | 2.90% |
| Sharpe ratio | -5.87 | 0.09 |
| Sortino ratio | -6.17 | 0.13 |
| Maximum drawdown | −3.4% (23-10-2026) | −3.3% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-08-2026 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 Nifty 10 Yr Benchmark G-Sec ETF
UTI 10 year Constant Maturity Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty 10 Yr Benchmark G-Sec ETF | −3.4% | 14-08-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| UTI 10 year Constant Maturity Gilt Fund (Direct) | −3.3% | 14-08-2026 | 23-10-2026 | Not yet | -- | −2.9% |
From daily values since 14-08-2026, the first day every fund has.
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty 10 Yr Benchmark G-Sec ETF, September 2026; UTI 10 year Constant Maturity Gilt Fund, September 2026
Holdings in common
- Overlap
- 56.2%
- Held by both
- 1
- Only in DSP Nifty 10 Yr Benchmark G-Sec ETF
- 0
- Only in UTI 10 year Constant Maturity Gilt
- 5
| Security | % of DSP Nifty 10 Yr Benchmark G-Sec ETF | % of UTI 10 year Constant Maturity Gilt |
|---|---|---|
| 6.94% GOI 11052036 | 99.32% | 56.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 56.2% means 56.2% 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 Nifty 10 Yr Benchmark G-Sec ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI 10 year Constant Maturity Gilt Fund
| Security | % of fund |
|---|---|
| 06.48% GSEC Mat- 06/10/2035 | 13.64% |
| 07.18% GSEC MAT -24/07/2037 | 8.54% |
| 6.79% GOVT BONDS - 07/10/2034 | 4.65% |
| 6.90% GSEC MAT - 15/04/2065 | 2.99% |
| 7.24% GSEC MAT- 18/08/2055 | 0.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty 10 Yr Benchmark G-Sec ETF | UTI 10 year Constant Maturity Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 99.3% | 86.9% |
| Cash and others | 0.7% | 13.1% |
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty 10 Yr Benchmark G-Sec ETF | UTI 10 year Constant Maturity Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.33% |
| Base expense ratio (Direct) | 0.13% | 0.28% |
| Total expense ratio (Regular) | Not available | 0.77% |
| Base expense ratio (Regular) | 0.00% | 0.68% |
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 UTI 10 year Constant Maturity Gilt with
DSP Nifty 10 Yr Benchmark G-Sec ETF vs UTI 10 year Constant Maturity Gilt Fund: Frequently Asked Questions
What is the difference between DSP Nifty 10 Yr Benchmark G-Sec ETF and UTI 10 year Constant Maturity Gilt Fund?
DSP Nifty 10 Yr Benchmark G-Sec ETF is an ETF fund, UTI 10 year Constant Maturity Gilt Fund is a Gilt fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 56.2%. DSP Nifty 10 Yr Benchmark G-Sec ETF charges 0.16% a year and UTI 10 year Constant Maturity Gilt Fund 0.33%.
Which has the lower expense ratio, DSP Nifty 10 Yr Benchmark G-Sec ETF or UTI 10 year Constant Maturity Gilt Fund?
DSP Nifty 10 Yr Benchmark G-Sec ETF charges less: 0.16% a year against 0.33%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty 10 Yr Benchmark G-Sec ETF and UTI 10 year Constant Maturity Gilt Fund overlap?
56.2%. They hold 1 of the same securities, the largest shared ones being 6.94% GOI 11052036. From each fund's latest monthly portfolio.
Can I invest in both DSP Nifty 10 Yr Benchmark G-Sec ETF and UTI 10 year Constant Maturity Gilt Fund?
Yes. 56.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Nifty 10 Yr Benchmark G-Sec ETF and UTI 10 year Constant Maturity Gilt Fund?
DSP Nifty 10 Yr Benchmark G-Sec ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. UTI 10 year Constant Maturity Gilt Fund: Jaydeep Bhowal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.