ICICI Prudential 10 year Constant Maturity Gilt Fund vs Invesco India Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential 10 year Constant Maturity Gilt Fund and Invesco India Gilt Fund are both Gilt funds. In the 3 years to 30-10-2026, ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) returned 6.9% a year and Invesco India Gilt Fund (Direct) returned 6.1% a year. ICICI Prudential 10 year Constant Maturity Gilt Fund charges 0.29% a year and Invesco India Gilt Fund 0.48% (Direct plans). Their portfolios overlap 32.8%: they hold 1 of the same security.
ICICI Prudential 10 year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 6.9%
- Expense ratio
- 0.29%
- NAV
- ₹26.08
Invesco India Gilt Fund
Gilt
- 3 year return
- 6.1%
- Expense ratio
- 0.48%
- NAV
- ₹3,173.25
Which is better, ICICI Prudential 10 year Constant Maturity Gilt or Invesco 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.
- ICICI Prudential 10 year Constant Maturity Gilt returned more over 5 years: 5.5% a year against 5.4%.
- 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 0.48% (Direct plans).
- ICICI Prudential 10 year Constant Maturity Gilt swung less over 3 years: a standard deviation of 2.7% a year against 3.6%.
- 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 ₹105 Cr.
- Their portfolios overlap 32.8%: 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 | ICICI Prudential 10 year Constant Maturity Gilt Fund | Invesco India Gilt Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Invesco Mutual Fund |
| Category | Gilt | Gilt |
| AUM | ₹1,935 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹26.08 (Direct) | ₹3,173.25 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.48% |
| Expense ratio (Regular) | 0.45% | 1.25% |
| Riskometer | Not available | Moderate |
| Benchmark | CRISIL 10 Year Gilt Index | Nifty All Duration G-Sec Index |
| Launch date | 12-09-2014 | 09-02-2008 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Manish Banthia, Raunak Surana | Krishna Cheemalapati, Vikas Garg |
| Exit load | Nil | Nil |
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | −1.04% | −2.38% | +1.20% | +2.06% | +6.88% | +5.55% | +7.15% |
| Invesco India Gilt Fund (Direct) | −1.04% | −2.34% | +1.14% | +1.24% | +6.10% | +5.44% | +5.96% |
| 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.
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco India Gilt: Year-wise Returns
| Year | ICICI Prudential 10 year Constant MaturityICICI Prudential 10 year Constant Maturity Gilt | Invesco IndiaInvesco India Gilt |
|---|---|---|
| 2026to date | +1.12% | +0.26% |
| 2025 | +7.66% | +5.01% |
| 2024 | +9.44% | +10.79% |
| 2023 | +7.88% | +7.40% |
| 2022 | +1.39% | +3.14% |
| 2021 | +2.95% | +1.45% |
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco India Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,207 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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
Invesco India 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Invesco India Gilt | 0.0 | 17.9 | 80.2 | 1.9 | 0.0 | 0.0 | 0.0 | 6.9% | 7.2% | 3.3% | 11.9% |
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.
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco 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 15-09-2014 to 30-10-2026: 146 instalments, ₹14,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| 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% |
| Invesco India GiltInvesco India Gilt Fund (Direct) | ₹14,60,000 | ₹21,23,029 | ₹6,63,029 | 6.0% |
ICICI Prudential 10 year Constant Maturity GiltICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
Invesco India GiltInvesco 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.
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco India Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.06% | +1.24% |
| Standard deviation | 3.25% | 4.38% |
| Sharpe ratio | -0.98 | -0.91 |
| Sortino ratio | -1.35 | -1.24 |
| Maximum drawdown | −3.4% (26-10-2026) | −3.9% (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 | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.88% | +6.10% |
| Standard deviation | 2.68% | 3.61% |
| Sharpe ratio | 0.32 | 0.02 |
| Sortino ratio | 0.45 | 0.03 |
| Maximum drawdown | −3.4% (26-10-2026) | −4.2% (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 | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.55% | +5.44% |
| Standard deviation | 3.25% | 3.02% |
| Sharpe ratio | -0.08 | -0.12 |
| Sortino ratio | -0.11 | -0.17 |
| Maximum drawdown | −4.7% (13-06-2022) | −4.2% (02-04-2026) |
| 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 | ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.20% | +7.00% |
| Standard deviation | 3.72% | 4.09% |
| Sharpe ratio | 0.67 | 0.23 |
| Sortino ratio | 0.97 | 0.33 |
| Maximum drawdown | −4.7% (10-03-2017) | −9.2% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 15-09-2014 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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
Invesco India Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) | −4.7% | 24-11-2016 | 10-03-2017 | 08-06-2017 | 3 months | −3.0% |
| Invesco India Gilt Fund (Direct) | −6.2% | 03-08-2017 | 22-02-2018 | 02-11-2018 | 8 months | −3.5% |
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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
Invesco 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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
Invesco India 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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
Invesco India Gilt Fund (Direct)
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco India Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential 10 year Constant Maturity Gilt Fund, September 2026; Invesco India Gilt Fund, September 2026
Holdings in common
- Overlap
- 32.8%
- Held by both
- 1
- Only in ICICI Prudential 10 year Constant Maturity Gilt
- 6
- Only in Invesco India Gilt
- 3
| Security | % of ICICI Prudential 10 year Constant Maturity Gilt | % of Invesco India Gilt |
|---|---|---|
| Government Securities | 82.22% | 32.78% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.8% means 32.8% 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 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% |
Largest holdings only in Invesco India Gilt Fund
| Security | % of fund |
|---|---|
| 7.24% Government of India 2055 | 27.11% |
| 7.71% Government of India 2066 | 19.04% |
| 7.63% Government of India 2056 | 9.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential 10 year Constant Maturity Gilt | Invesco India Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.3% | 88.4% |
| Cash and others | 2.7% | 11.6% |
ICICI Prudential 10 year Constant Maturity Gilt vs Invesco India Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential 10 year Constant Maturity Gilt Fund | Invesco India Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.48% |
| Base expense ratio (Direct) | 0.24% | 0.39% |
| Total expense ratio (Regular) | 0.45% | 1.25% |
| Base expense ratio (Regular) | 0.37% | 1.06% |
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 ICICI Prudential 10 year Constant Maturity Gilt with
ICICI Prudential 10 year Constant Maturity Gilt Fund vs Invesco India Gilt Fund: Frequently Asked Questions
What is the difference between ICICI Prudential 10 year Constant Maturity Gilt Fund and Invesco India Gilt Fund?
Both are Gilt funds, run by ICICI Prudential Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 32.8%. ICICI Prudential 10 year Constant Maturity Gilt Fund charges 0.29% a year and Invesco India Gilt Fund 0.48%.
Which has given higher returns, ICICI Prudential 10 year Constant Maturity Gilt Fund or Invesco India Gilt Fund?
Over 1 year: ICICI Prudential 10 year Constant Maturity Gilt Fund +2.06%, Invesco India Gilt Fund +1.24%. Over 3 years: ICICI Prudential 10 year Constant Maturity Gilt Fund +6.88% a year, Invesco India Gilt Fund +6.10% a year. Over 5 years: ICICI Prudential 10 year Constant Maturity Gilt Fund +5.55% a year, Invesco India Gilt Fund +5.44% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential 10 year Constant Maturity Gilt Fund or Invesco India Gilt Fund?
ICICI Prudential 10 year Constant Maturity Gilt Fund charges less: 0.29% a year against 0.48%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential 10 year Constant Maturity Gilt Fund and Invesco India Gilt Fund overlap?
32.8%. They hold 1 of the same securities, the largest shared ones being Government Securities. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential 10 year Constant Maturity Gilt Fund or Invesco India Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,07,240 in ICICI Prudential 10 year Constant Maturity Gilt Fund (XIRR 5.8% a year) and ₹6,93,276 in Invesco India Gilt Fund (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential 10 year Constant Maturity Gilt Fund and Invesco India Gilt Fund?
Yes. 32.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential 10 year Constant Maturity Gilt Fund and Invesco India Gilt Fund?
ICICI Prudential 10 year Constant Maturity Gilt Fund: Manish Banthia, Raunak Surana. Invesco India Gilt Fund: Krishna Cheemalapati, Vikas Garg.
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.