HDFC Gilt Fund vs ICICI Prudential 10 year Constant Maturity Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Gilt Fund and ICICI Prudential 10 year Constant Maturity Gilt Fund are both Gilt funds. In the 3 years to 30-10-2026, HDFC Gilt Fund (Direct) returned 6.1% a year and ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) returned 6.9% a year. HDFC Gilt Fund charges 0.46% a year and ICICI Prudential 10 year Constant Maturity Gilt Fund 0.29% (Direct plans). Their portfolios overlap 7.9%: they hold 2 of the same securities.
ICICI Prudential 10 year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 6.9%
- Expense ratio
- 0.29%
- NAV
- ₹26.08
Which is better, HDFC Gilt or ICICI Prudential 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.
- ICICI Prudential 10 year Constant Maturity Gilt returned more over 5 years: 5.5% a year against 5.3%.
- ICICI Prudential 10 year Constant Maturity Gilt returned more over 3 years: 6.9% a year against 6.1%.
- ICICI Prudential 10 year Constant Maturity Gilt costs less: 0.29% a year against 0.46% (Direct plans).
- HDFC Gilt swung less over 3 years: a standard deviation of 2.7% a year against 2.7%.
- ICICI Prudential 10 year Constant Maturity Gilt fell less in its worst fall since 15-09-2014: −4.7% against −6.2%.
- ICICI Prudential 10 year Constant Maturity Gilt is the larger fund: ₹1,935 Cr against ₹1,885 Cr.
- Their portfolios overlap 7.9%: 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 | HDFC Gilt Fund | ICICI Prudential 10 year Constant Maturity Gilt Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Gilt | Gilt |
| AUM | ₹1,885 Cr (30-09-2026) | ₹1,935 Cr (30-09-2026) |
| NAV | ₹59.78 (Direct) | ₹26.08 (Direct) |
| Expense ratio (Direct) | 0.46% | 0.29% |
| Expense ratio (Regular) | 0.82% | 0.45% |
| Riskometer | Moderate | Not available |
| Benchmark | Nifty All Duration G-Sec Index | CRISIL 10 Year Gilt Index |
| Launch date | 25-07-2001 | 12-09-2014 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Anil Bamboli, Gopal Agrawal | Manish Banthia, Raunak Surana |
| Exit load | NIL | Nil |
HDFC Gilt vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| HDFC Gilt Fund (Direct) | −0.57% | −1.32% | +1.63% | +1.97% | +6.10% | +5.27% | +5.77% |
| ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | −1.04% | −2.38% | +1.20% | +2.06% | +6.88% | +5.55% | +7.15% |
| 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.
HDFC Gilt vs ICICI Prudential 10 year Constant Maturity Gilt: Year-wise Returns
| Year | HDFCHDFC Gilt | ICICI Prudential 10 year Constant MaturityICICI Prudential 10 year Constant Maturity Gilt |
|---|---|---|
| 2026to date | +1.42% | +1.12% |
| 2025 | +5.58% | +7.66% |
| 2024 | +9.22% | +9.44% |
| 2023 | +7.57% | +7.88% |
| 2022 | +2.16% | +1.39% |
| 2021 | +2.66% | +2.95% |
HDFC Gilt vs ICICI Prudential 10 year Constant Maturity Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,208 of them, one for each trading day from 15-09-2017 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.
HDFC Gilt Fund (Direct)
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
to
Jun 2018Dec 2016
to
Dec 2019Jul 2018
to
Jul 2021Feb 2020
to
Feb 2023Aug 2021
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Gilt | 0.0 | 12.8 | 85.1 | 2.1 | 0.0 | 0.0 | 0.0 | 6.8% | 7.0% | 3.7% | 12.4% |
| ICICI Prudential 10 year Constant Maturity Gilt | 0.0 | 9.9 | 67.7 | 22.4 | 0.0 | 0.0 | 0.0 | 8.1% | 8.3% | 3.5% | 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 15-09-2014. Past returns do not promise future returns.
HDFC Gilt vs ICICI Prudential 10 year Constant Maturity 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 01-09-2014 to 30-10-2026: 146 instalments, ₹14,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC GiltHDFC Gilt Fund (Direct) | ₹14,60,000 | ₹21,37,602 | ₹6,77,602 | 6.1% |
| ICICI Prudential 10 year Constant Maturity GiltICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | ₹14,60,000 | ₹22,83,646 | ₹8,23,646 | 7.1% |
HDFC GiltHDFC Gilt Fund (Direct)
ICICI Prudential 10 year Constant Maturity GiltICICI Prudential 10 year Constant Maturity 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.
HDFC Gilt vs ICICI Prudential 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 | HDFC Gilt Fund (Direct) | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.97% | +2.06% |
| Standard deviation | 3.15% | 3.25% |
| Sharpe ratio | -1.04 | -0.98 |
| Sortino ratio | -1.41 | -1.35 |
| Maximum drawdown | −2.8% (02-04-2026) | −3.4% (26-10-2026) |
| 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 | HDFC Gilt Fund (Direct) | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.10% | +6.88% |
| Standard deviation | 2.66% | 2.68% |
| Sharpe ratio | 0.03 | 0.32 |
| Sortino ratio | 0.04 | 0.45 |
| Maximum drawdown | −3.0% (26-08-2025) | −3.4% (26-10-2026) |
| 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 | HDFC Gilt Fund (Direct) | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.27% | +5.55% |
| Standard deviation | 2.45% | 3.25% |
| Sharpe ratio | -0.22 | -0.08 |
| Sortino ratio | -0.30 | -0.11 |
| Maximum drawdown | −3.0% (26-08-2025) | −4.7% (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 | HDFC Gilt Fund (Direct) | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.16% | +8.20% |
| Standard deviation | 3.71% | 3.72% |
| Sharpe ratio | 0.30 | 0.67 |
| Sortino ratio | 0.42 | 0.97 |
| Maximum drawdown | −11.9% (19-08-2013) | −4.7% (10-03-2017) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 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.
HDFC Gilt Fund (Direct)
ICICI Prudential 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 |
|---|---|---|---|---|---|---|
| HDFC Gilt Fund (Direct) | −6.2% | 24-11-2016 | 10-03-2017 | 03-08-2017 | 5 months | −2.5% |
| ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | −4.7% | 24-11-2016 | 10-03-2017 | 08-06-2017 | 3 months | −3.0% |
From daily values since 15-09-2014, 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.
HDFC Gilt Fund (Direct)
ICICI Prudential 10 year Constant Maturity 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.
HDFC Gilt Fund (Direct)
ICICI Prudential 10 year Constant Maturity 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.
HDFC Gilt Fund (Direct)
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
HDFC Gilt vs ICICI Prudential 10 year Constant Maturity Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Gilt Fund, September 2026; ICICI Prudential 10 year Constant Maturity Gilt Fund, September 2026
Holdings in common
- Overlap
- 7.9%
- Held by both
- 2
- Only in HDFC Gilt
- 34
- Only in ICICI Prudential 10 year Constant Maturity Gilt
- 5
| Security | % of HDFC Gilt | % of ICICI Prudential 10 year Constant Maturity Gilt |
|---|---|---|
| 6.94% GOI MAT 110536 | 7.83% | 82.22% |
| 7.18% GOI MAT 240737 | 1.59% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 7.9% means 7.9% 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 HDFC Gilt Fund
| Security | % of fund |
|---|---|
| 6.9% GOI MAT 150465 | 16.42% |
| 7.34% GOI MAT 220464 | 10.61% |
| 7.18% GOI MAT 140833 | 6.39% |
| 7.3% GOI MAT 190653 | 6.37% |
| 6.97% Karnataka SDL Mat 260228 | 5.77% |
Largest holdings only in ICICI Prudential 10 year Constant Maturity Gilt Fund
| Security | % of fund |
|---|---|
| Government Securities | 4.64% |
| State Government of Karnataka | 3.78% |
| State Government of Uttar Pradesh | 2.72% |
| State Government of Karnataka | 2.57% |
| Government Securities | 1.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Gilt | ICICI Prudential 10 year Constant Maturity Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 84.2% | 97.3% |
| Cash and others | 15.8% | 2.7% |
HDFC Gilt vs ICICI Prudential 10 year Constant Maturity Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Gilt Fund | ICICI Prudential 10 year Constant Maturity Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.46% | 0.29% |
| Base expense ratio (Direct) | 0.39% | 0.24% |
| Total expense ratio (Regular) | 0.82% | 0.45% |
| Base expense ratio (Regular) | 0.70% | 0.37% |
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 HDFC Gilt with
Compare ICICI Prudential 10 year Constant Maturity Gilt with
HDFC Gilt Fund vs ICICI Prudential 10 year Constant Maturity Gilt Fund: Frequently Asked Questions
What is the difference between HDFC Gilt Fund and ICICI Prudential 10 year Constant Maturity Gilt Fund?
Both are Gilt funds, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 7.9%. HDFC Gilt Fund charges 0.46% a year and ICICI Prudential 10 year Constant Maturity Gilt Fund 0.29%.
Which has given higher returns, HDFC Gilt Fund or ICICI Prudential 10 year Constant Maturity Gilt Fund?
Over 1 year: HDFC Gilt Fund +1.97%, ICICI Prudential 10 year Constant Maturity Gilt Fund +2.06%. Over 3 years: HDFC Gilt Fund +6.10% a year, ICICI Prudential 10 year Constant Maturity Gilt Fund +6.88% a year. Over 5 years: HDFC Gilt Fund +5.27% a year, ICICI Prudential 10 year Constant Maturity Gilt Fund +5.55% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Gilt Fund or ICICI Prudential 10 year Constant Maturity Gilt Fund?
ICICI Prudential 10 year Constant Maturity Gilt Fund charges less: 0.29% a year against 0.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Gilt Fund and ICICI Prudential 10 year Constant Maturity Gilt Fund overlap?
7.9%. They hold 2 of the same securities, the largest shared ones being 6.94% GOI MAT 110536, 7.18% GOI MAT 240737. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Gilt Fund or ICICI Prudential 10 year Constant Maturity Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,97,984 in HDFC Gilt Fund (XIRR 5.3% a year) and ₹7,07,240 in ICICI Prudential 10 year Constant Maturity Gilt Fund (XIRR 5.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Gilt Fund and ICICI Prudential 10 year Constant Maturity Gilt Fund?
Yes. 7.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages HDFC Gilt Fund and ICICI Prudential 10 year Constant Maturity Gilt Fund?
HDFC Gilt Fund: Anil Bamboli, Gopal Agrawal. ICICI Prudential 10 year Constant Maturity Gilt Fund: Manish Banthia, Raunak Surana.
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.