HDFC Nifty G-Sec July 2031 Index Fund vs PGIM India Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty G-Sec July 2031 Index Fund is an Index fund and PGIM India Gilt Fund is a Gilt fund. In the 3 years to 30-10-2026, HDFC Nifty G-Sec July 2031 Index Fund (Direct) returned 7.2% a year and PGIM India Gilt Fund (Direct) returned 5.9% a year. HDFC Nifty G-Sec July 2031 Index Fund charges 0.16% a year and PGIM India Gilt Fund 0.53% (Direct plans). Their portfolios overlap 11.4%: they hold 1 of the same security.
HDFC Nifty G-Sec July 2031 Index Fund
Index
- 3 year return
- 7.2%
- Expense ratio
- 0.16%
- NAV
- ₹13.15
Which is better, HDFC Nifty G-Sec July 2031 Index or PGIM India Gilt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty G-Sec July 2031 Index returned more over 3 years: 7.2% a year against 5.9%.
- HDFC Nifty G-Sec July 2031 Index returned more over 1 year: 2.5% against 1.1%.
- HDFC Nifty G-Sec July 2031 Index costs less: 0.16% a year against 0.53% (Direct plans).
- HDFC Nifty G-Sec July 2031 Index swung less over 3 years: a standard deviation of 2.2% a year against 2.9%.
- HDFC Nifty G-Sec July 2031 Index fell less in its worst fall since 10-11-2022: −2.6% against −3.2%.
- HDFC Nifty G-Sec July 2031 Index is the larger fund: ₹623 Cr against ₹85 Cr.
- Their portfolios overlap 11.4%: 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 | HDFC Nifty G-Sec July 2031 Index Fund | PGIM India Gilt Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | PGIM India Mutual Fund |
| Category | Index | Gilt |
| AUM | ₹623 Cr (30-09-2026) | ₹85 Cr (30-09-2026) |
| NAV | ₹13.15 (Direct) | ₹33.17 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.53% |
| Expense ratio (Regular) | 0.29% | 1.42% |
| Riskometer | Moderate | Moderate |
| Benchmark | Nifty G-sec July 2031 Index | CRISIL Dynamic Gilt Index |
| Launch date | 10-11-2022 | 27-10-2008 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anupam Joshi, Sankalp Baid | Puneet Pal, and Mr. Akhil Dhar |
| Exit load | NIL | NIL |
HDFC Nifty G-Sec July 2031 Index vs PGIM India 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 Nifty G-Sec July 2031 Index Fund (Direct) | −1.09% | −1.86% | +1.30% | +2.45% | +7.22% | -- | -- |
| PGIM India Gilt Fund (Direct) | −0.51% | −1.39% | +1.49% | +1.14% | +5.93% | +5.32% | +6.31% |
| 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 Nifty G-Sec July 2031 Index vs PGIM India Gilt: Year-wise Returns
| Year | HDFC Nifty G-Sec July 2031 IndexHDFC Nifty G-Sec July 2031 Index | PGIM India GiltPGIM India Gilt |
|---|---|---|
| 2026to date | +1.78% | +0.70% |
| 2025 | +8.31% | +5.04% |
| 2024 | +9.12% | +10.03% |
| 2023 | +8.20% | +7.73% |
| 2022 | -- | +2.84% |
| 2021 | -- | +4.07% |
HDFC Nifty G-Sec July 2031 Index vs PGIM India Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 236 of them, one for each trading day from 10-11-2025 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 Nifty G-Sec July 2031 Index Fund (Direct)
PGIM India Gilt Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
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 Nifty G-Sec July 2031 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.0% | 8.0% | 6.9% | 8.8% |
| PGIM India Gilt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.7% | 5.7% | 7.8% |
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 10-11-2022. Past returns do not promise future returns.
HDFC Nifty G-Sec July 2031 Index vs PGIM India 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 10-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty G-Sec July 2031 IndexHDFC Nifty G-Sec July 2031 Index Fund (Direct) | ₹4,80,000 | ₹5,41,469 | ₹61,469 | 6.0% |
| PGIM India GiltPGIM India Gilt Fund (Direct) | ₹4,80,000 | ₹5,26,645 | ₹46,645 | 4.6% |
HDFC Nifty G-Sec July 2031 IndexHDFC Nifty G-Sec July 2031 Index Fund (Direct)
PGIM India GiltPGIM India 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 Nifty G-Sec July 2031 Index vs PGIM India Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty G-Sec July 2031 Index Fund (Direct) | PGIM India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.45% | +1.14% |
| Standard deviation | 2.77% | 3.20% |
| Sharpe ratio | -1.01 | -1.28 |
| Sortino ratio | -1.41 | -1.71 |
| Maximum drawdown | −2.6% (23-10-2026) | −2.6% (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 Nifty G-Sec July 2031 Index Fund (Direct) | PGIM India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.22% | +5.93% |
| Standard deviation | 2.21% | 2.93% |
| Sharpe ratio | 0.54 | -0.03 |
| Sortino ratio | 0.79 | -0.04 |
| Maximum drawdown | −2.6% (23-10-2026) | −3.2% (02-04-2026) |
| 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 Nifty G-Sec July 2031 Index Fund (Direct) | PGIM India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.13% | +6.95% |
| Standard deviation | 2.27% | 2.76% |
| Sharpe ratio | 0.42 | 0.54 |
| Sortino ratio | 0.61 | 0.78 |
| Maximum drawdown | −2.6% (23-10-2026) | −3.2% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 10-11-2022 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 Nifty G-Sec July 2031 Index Fund (Direct)
PGIM India Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty G-Sec July 2031 Index Fund (Direct) | −2.6% | 06-08-2026 | 23-10-2026 | Not yet | -- | −2.4% |
| PGIM India Gilt Fund (Direct) | −3.2% | 28-05-2025 | 02-04-2026 | 18-06-2026 | 3 months | −2.1% |
From daily values since 10-11-2022, 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 Nifty G-Sec July 2031 Index Fund (Direct)
PGIM India 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 Nifty G-Sec July 2031 Index Fund (Direct)
PGIM India Gilt Fund (Direct)
HDFC Nifty G-Sec July 2031 Index vs PGIM India Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty G-Sec July 2031 Index Fund, September 2026; PGIM India Gilt Fund, September 2026
Holdings in common
- Overlap
- 11.4%
- Held by both
- 1
- Only in HDFC Nifty G-Sec July 2031 Index
- 5
- Only in PGIM India Gilt
- 16
| Security | % of HDFC Nifty G-Sec July 2031 Index | % of PGIM India Gilt |
|---|---|---|
| 6.1% GOI MAT 120731 | 85.72% | 11.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.4% means 11.4% 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 Nifty G-Sec July 2031 Index Fund
| Security | % of fund |
|---|---|
| 8.97% GOI MAT 051230 | 4.61% |
| 7.02% GOI MAT 180631 | 4.03% |
| 5.77% GOI MAT 030830 | 3.48% |
| 5.85% GOI MAT 011230 | 0.46% |
| 5.79% GOI MAT 110530 | 0.15% |
Largest holdings only in PGIM India Gilt Fund
| Security | % of fund |
|---|---|
| 6.94% Government of India | 31.24% |
| 6.48% Government of India | 8.42% |
| 91 DAYS TBILL RED 08-10-2026 | 5.88% |
| 91 DAYS TBILL RED 01-10-2026 | 4.20% |
| 6.79% Government of India | 3.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty G-Sec July 2031 Index | PGIM India Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.5% | 79.3% |
| Cash and others | 1.5% | 20.7% |
HDFC Nifty G-Sec July 2031 Index vs PGIM India Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty G-Sec July 2031 Index Fund | PGIM India Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.53% |
| Base expense ratio (Direct) | 0.14% | 0.44% |
| Total expense ratio (Regular) | 0.29% | 1.42% |
| Base expense ratio (Regular) | 0.25% | 1.19% |
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
HDFC Nifty G-Sec July 2031 Index Fund vs PGIM India Gilt Fund: Frequently Asked Questions
What is the difference between HDFC Nifty G-Sec July 2031 Index Fund and PGIM India Gilt Fund?
HDFC Nifty G-Sec July 2031 Index Fund is an Index fund, PGIM India Gilt Fund is a Gilt fund, run by HDFC Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 11.4%. HDFC Nifty G-Sec July 2031 Index Fund charges 0.16% a year and PGIM India Gilt Fund 0.53%.
Which has given higher returns, HDFC Nifty G-Sec July 2031 Index Fund or PGIM India Gilt Fund?
Over 1 year: HDFC Nifty G-Sec July 2031 Index Fund +2.45%, PGIM India Gilt Fund +1.14%. Over 3 years: HDFC Nifty G-Sec July 2031 Index Fund +7.22% a year, PGIM India Gilt Fund +5.93% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty G-Sec July 2031 Index Fund or PGIM India Gilt Fund?
HDFC Nifty G-Sec July 2031 Index Fund charges less: 0.16% a year against 0.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty G-Sec July 2031 Index Fund and PGIM India Gilt Fund overlap?
11.4%. They hold 1 of the same securities, the largest shared ones being 6.1% GOI MAT 120731. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty G-Sec July 2031 Index Fund or PGIM India Gilt Fund?
On SEBI's riskometer, HDFC Nifty G-Sec July 2031 Index Fund is rated Moderate and PGIM India Gilt Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.21% and 2.93% a year.
Which is better for SIP, HDFC Nifty G-Sec July 2031 Index Fund or PGIM India Gilt Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,01,645 in HDFC Nifty G-Sec July 2031 Index Fund (XIRR 5.3% a year) and ₹3,91,561 in PGIM India Gilt Fund (XIRR 3.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Nifty G-Sec July 2031 Index Fund and PGIM India Gilt Fund?
Yes. 11.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Nifty G-Sec July 2031 Index Fund and PGIM India Gilt Fund?
HDFC Nifty G-Sec July 2031 Index Fund: Anupam Joshi, Sankalp Baid. PGIM India Gilt Fund: Puneet Pal, and Mr. Akhil Dhar.
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.