HDFC Gilt Fund vs Mirae Asset Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Gilt Fund is a Gilt fund and Mirae Asset Long Term Fund is a Long Duration fund. In the year to 30-10-2026, HDFC Gilt Fund (Direct) returned 2.0% and Mirae Asset Long Term Fund (Direct) returned 0.2%. HDFC Gilt Fund charges 0.46% a year and Mirae Asset Long Term Fund 0.20% (Direct plans). Their portfolios overlap 30.5%: they hold 5 of the same securities.
Mirae Asset Long Term Fund
Long Duration
- 1 year return
- 0.2%
- Expense ratio
- 0.20%
- NAV
- ₹10.32
Which is better, HDFC Gilt or Mirae Asset Long Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Gilt returned more over 1 year: 2.0% against 0.2%.
- Mirae Asset Long Term costs less: 0.20% a year against 0.46% (Direct plans).
- HDFC Gilt fell less in its worst fall since 09-12-2024: −3.0% against −5.6%.
- HDFC Gilt is the larger fund: ₹1,885 Cr against ₹19 Cr.
- Their portfolios overlap 30.5%: 5 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 | Mirae Asset Long Term Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Mirae Asset Mutual Fund |
| Category | Gilt | Long Duration |
| AUM | ₹1,885 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹59.78 (Direct) | ₹10.32 (Direct) |
| Expense ratio (Direct) | 0.46% | 0.20% |
| Expense ratio (Regular) | 0.82% | 0.78% |
| Riskometer | Moderate | Not available |
| Benchmark | Nifty All Duration G-Sec Index | Not available |
| Launch date | 25-07-2001 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Anil Bamboli, Gopal Agrawal | Not available |
| Exit load | NIL | Not available |
HDFC Gilt vs Mirae Asset Long Term: 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% |
| Mirae Asset Long Term Fund (Direct) | −1.40% | −2.24% | +0.70% | +0.24% | -- | -- | -- |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | +5.46% | +6.64% |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | -- | -- | -- |
Category average: the average of the 28 Gilt funds and the 11 Long Duration funds, same plan type.
HDFC Gilt vs Mirae Asset Long Term: Year-wise Returns
| Year | HDFC GiltHDFC Gilt | Mirae Asset Long TermMirae Asset Long Term |
|---|---|---|
| 2026to date | +1.42% | −0.41% |
| 2025 | +5.58% | +3.46% |
| 2024 | +9.22% | -- |
| 2023 | +7.57% | -- |
| 2022 | +2.16% | -- |
| 2021 | +2.66% | -- |
HDFC Gilt vs Mirae Asset Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 215 of them, one for each trading day from 09-12-2025 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)
Mirae Asset Long Term Fund (Direct)
to
Jan 2026Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 | 7.0 | 70.7 | 22.3 | 0.0 | 0.0 | 0.0 | 0.0 | 3.2% | 3.5% | −0.9% | 5.8% |
| Mirae Asset Long Term | 29.3 | 70.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2% | 1.9% | −4.0% | 4.8% |
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 09-12-2024. Past returns do not promise future returns.
HDFC Gilt vs Mirae Asset Long Term: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC GiltHDFC Gilt Fund (Direct) | ₹2,30,000 | ₹2,35,302 | ₹5,302 | 2.3% |
| Mirae Asset Long TermMirae Asset Long Term Fund (Direct) | ₹2,30,000 | ₹2,30,369 | ₹369 | 0.2% |
HDFC GiltHDFC Gilt Fund (Direct)
Mirae Asset Long TermMirae Asset Long Term 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 Mirae Asset Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Gilt Fund (Direct) | Mirae Asset Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.97% | +0.24% |
| Standard deviation | 3.15% | 4.50% |
| Sharpe ratio | -1.04 | -1.11 |
| Sortino ratio | -1.41 | -1.48 |
| Maximum drawdown | −2.8% (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 | HDFC Gilt Fund (Direct) | Mirae Asset Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.16% | +1.55% |
| Standard deviation | 3.71% | 4.16% |
| Sharpe ratio | 0.30 | -0.97 |
| Sortino ratio | 0.42 | -1.29 |
| Maximum drawdown | −11.9% (19-08-2013) | −5.6% (02-04-2026) |
| 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)
Mirae Asset Long Term 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) | −3.0% | 28-05-2025 | 26-08-2025 | 24-02-2026 | 6 months | −2.5% |
| Mirae Asset Long Term Fund (Direct) | −5.6% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.6% |
From daily values since 09-12-2024, 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)
Mirae Asset Long Term Fund (Direct)
HDFC Gilt vs Mirae Asset Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Gilt Fund, September 2026; Mirae Asset Long Term Fund, September 2026
Holdings in common
- Overlap
- 30.5%
- Held by both
- 5
- Only in HDFC Gilt
- 31
- Only in Mirae Asset Long Term
- 1
| Security | % of HDFC Gilt | % of Mirae Asset Long Term |
|---|---|---|
| 6.9% GOI MAT 150465 | 16.42% | 18.84% |
| 7.3% GOI MAT 190653 | 6.37% | 30.25% |
| 6.94% GOI MAT 110536 | 7.83% | 5.16% |
| 7.24% GOI MAT 180855 | 1.26% | 9.97% |
| 7.09% GOI MAT 050854 | 1.24% | 24.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.5% means 30.5% 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 HDFC Gilt Fund
| Security | % of fund |
|---|---|
| 7.34% GOI MAT 220464 | 10.61% |
| 7.18% GOI MAT 140833 | 6.39% |
| 6.97% Karnataka SDL Mat 260228 | 5.77% |
| 7.27% Gujarat SDL ISD 171225 MAT 171234 | 4.12% |
| 7.64% Gujarat SDL ISD 170124 MAT 170133 | 2.61% |
Largest holdings only in Mirae Asset Long Term Fund
| Security | % of fund |
|---|---|
| Corporate Debt Market Development Fund - Class A2 | 0.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Gilt | Mirae Asset Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 84.2% | 88.8% |
| Cash and others | 15.8% | 11.2% |
HDFC Gilt vs Mirae Asset Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Gilt Fund | Mirae Asset Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.46% | 0.20% |
| Base expense ratio (Direct) | 0.39% | 0.17% |
| Total expense ratio (Regular) | 0.82% | 0.78% |
| Base expense ratio (Regular) | 0.70% | 0.66% |
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
HDFC Gilt Fund vs Mirae Asset Long Term Fund: Frequently Asked Questions
What is the difference between HDFC Gilt Fund and Mirae Asset Long Term Fund?
HDFC Gilt Fund is a Gilt fund, Mirae Asset Long Term Fund is a Long Duration fund, run by HDFC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 30.5%. HDFC Gilt Fund charges 0.46% a year and Mirae Asset Long Term Fund 0.20%.
Which has given higher returns, HDFC Gilt Fund or Mirae Asset Long Term Fund?
Over 1 year: HDFC Gilt Fund +1.97%, Mirae Asset Long Term Fund +0.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Gilt Fund or Mirae Asset Long Term Fund?
Mirae Asset Long Term Fund charges less: 0.20% a year against 0.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Gilt Fund and Mirae Asset Long Term Fund overlap?
30.5%. They hold 5 of the same securities, the largest shared ones being 6.9% GOI MAT 150465, 7.3% GOI MAT 190653, 6.94% GOI MAT 110536. From each fund's latest monthly portfolio.
Can I invest in both HDFC Gilt Fund and Mirae Asset Long Term Fund?
Yes. 30.5% 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.