ICICI Prudential 10 year Constant Maturity Gilt Fund vs UTI Nifty 10 yr Benchmark G-Sec ETF
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential 10 year Constant Maturity Gilt Fund is a Gilt fund and UTI Nifty 10 yr Benchmark G-Sec ETF is an ETF fund. In the year to 30-10-2026, ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct) returned 2.1% and UTI Nifty 10 yr Benchmark G-Sec ETF (Direct) returned −0.3%. Their portfolios overlap 82.2%: they hold 1 of the same security.
ICICI Prudential 10 year Constant Maturity Gilt Fund
Gilt
- 1 year return
- 2.1%
- Expense ratio
- 0.29%
- NAV
- ₹26.08
UTI Nifty 10 yr Benchmark G-Sec ETF
ETF
- 1 year return
- −0.3%
- NAV
- ₹25.96
Which is better, ICICI Prudential 10 year Constant Maturity Gilt or UTI Nifty 10 yr Benchmark G-Sec ETF? 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 1 year: 2.1% against −0.3%.
- ICICI Prudential 10 year Constant Maturity Gilt fell less in its worst fall since 01-02-2024: −3.4% against −3.5%.
- ICICI Prudential 10 year Constant Maturity Gilt is the larger fund: ₹1,935 Cr against ₹24 Cr.
- Their portfolios overlap 82.2%: 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 | ICICI Prudential 10 year Constant Maturity Gilt Fund | UTI Nifty 10 yr Benchmark G-Sec ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | UTI Mutual Fund |
| Category | Gilt | ETF |
| AUM | ₹1,935 Cr (30-09-2026) | ₹24 Cr (30-09-2026) |
| NAV | ₹26.08 (Direct) | ₹25.96 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.00% |
| Expense ratio (Regular) | 0.45% | Not available |
| Riskometer | Not available | Moderate |
| Benchmark | CRISIL 10 Year Gilt Index | Nifty 10 yr Benchmark G-Sec Index |
| Launch date | 12-09-2014 | 29-01-2024 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Banthia, Raunak Surana | Jaydeep Bhowal |
| Exit load | Nil | Nil |
ICICI Prudential 10 year Constant Maturity Gilt vs UTI Nifty 10 yr Benchmark G-Sec ETF: 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% |
| UTI Nifty 10 yr Benchmark G-Sec ETF (Direct) | −1.08% | −2.47% | +0.23% | −0.26% | -- | -- | -- |
| 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 UTI Nifty 10 yr Benchmark G-Sec ETF: Year-wise Returns
| Year | ICICI Prudential 10 year Constant Maturity GiltICICI Prudential 10 year Constant Maturity Gilt | UTI Nifty 10 yr Benchmark G-Sec ETFUTI Nifty 10 yr Benchmark G-Sec ETF |
|---|---|---|
| 2026to date | +1.12% | −0.52% |
| 2025 | +7.66% | +6.42% |
| 2024 | +9.44% | -- |
| 2023 | +7.88% | -- |
| 2022 | +1.39% | -- |
| 2021 | +2.95% | -- |
ICICI Prudential 10 year Constant Maturity Gilt vs UTI Nifty 10 yr Benchmark G-Sec ETF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 420 of them, one for each trading day from 03-02-2025 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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
UTI Nifty 10 yr Benchmark G-Sec ETF (Direct)
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
to
Sept 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 | 29.0 | 50.7 | 20.2 | 0.0 | 0.0 | 0.0 | 7.3% | 7.7% | 0.9% | 13.3% |
| UTI Nifty 10 yr Benchmark G-Sec ETF | 6.2 | 30.7 | 43.8 | 19.3 | 0.0 | 0.0 | 0.0 | 6.1% | 6.6% | −0.8% | 12.9% |
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 01-02-2024. Past returns do not promise future returns.
ICICI Prudential 10 year Constant Maturity Gilt vs UTI Nifty 10 yr Benchmark G-Sec ETF: 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 01-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 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) | ₹3,30,000 | ₹3,49,827 | ₹19,827 | 4.2% |
| UTI Nifty 10 yr Benchmark G-Sec ETFUTI Nifty 10 yr Benchmark G-Sec ETF (Direct) | ₹3,30,000 | ₹3,42,539 | ₹12,539 | 2.7% |
ICICI Prudential 10 year Constant Maturity GiltICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
UTI Nifty 10 yr Benchmark G-Sec ETFUTI Nifty 10 yr Benchmark G-Sec ETF (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 UTI Nifty 10 yr Benchmark G-Sec ETF: 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) | UTI Nifty 10 yr Benchmark G-Sec ETF (Direct) |
|---|---|---|
| Return (CAGR) | +2.06% | −0.26% |
| Standard deviation | 3.25% | 3.54% |
| Sharpe ratio | -0.98 | -1.56 |
| Sortino ratio | -1.35 | -2.07 |
| Maximum drawdown | −3.4% (26-10-2026) | −3.5% (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) | UTI Nifty 10 yr Benchmark G-Sec ETF (Direct) |
|---|---|---|
| Return (CAGR) | +8.20% | +5.12% |
| Standard deviation | 3.72% | 2.92% |
| Sharpe ratio | 0.67 | -0.28 |
| Sortino ratio | 0.97 | -0.38 |
| Maximum drawdown | −4.7% (10-03-2017) | −3.5% (23-10-2026) |
| 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)
UTI Nifty 10 yr Benchmark G-Sec ETF (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) | −3.4% | 14-08-2026 | 26-10-2026 | Not yet | -- | −3.0% |
| UTI Nifty 10 yr Benchmark G-Sec ETF (Direct) | −3.5% | 14-08-2026 | 23-10-2026 | Not yet | -- | −3.0% |
From daily values since 01-02-2024, 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.
ICICI Prudential 10 year Constant Maturity Gilt Fund (Direct)
UTI Nifty 10 yr Benchmark G-Sec ETF (Direct)
ICICI Prudential 10 year Constant Maturity Gilt vs UTI Nifty 10 yr Benchmark G-Sec ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential 10 year Constant Maturity Gilt Fund, September 2026; UTI Nifty 10 yr Benchmark G-Sec ETF, September 2026
Holdings in common
- Overlap
- 82.2%
- Held by both
- 1
- Only in ICICI Prudential 10 year Constant Maturity Gilt
- 6
- Only in UTI Nifty 10 yr Benchmark G-Sec ETF
- 0
| Security | % of ICICI Prudential 10 year Constant Maturity Gilt | % of UTI Nifty 10 yr Benchmark G-Sec ETF |
|---|---|---|
| Government Securities | 82.22% | 97.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 82.2% means 82.2% 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 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 UTI Nifty 10 yr Benchmark G-Sec ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential 10 year Constant Maturity Gilt | UTI Nifty 10 yr Benchmark G-Sec ETF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.3% | 97.2% |
| Cash and others | 2.7% | 2.8% |
ICICI Prudential 10 year Constant Maturity Gilt vs UTI Nifty 10 yr Benchmark G-Sec ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential 10 year Constant Maturity Gilt Fund | UTI Nifty 10 yr Benchmark G-Sec ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.00% |
| Base expense ratio (Direct) | 0.24% | 0.00% |
| Total expense ratio (Regular) | 0.45% | Not available |
| Base expense ratio (Regular) | 0.37% | 0.25% |
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 UTI Nifty 10 yr Benchmark G-Sec ETF: Frequently Asked Questions
What is the difference between ICICI Prudential 10 year Constant Maturity Gilt Fund and UTI Nifty 10 yr Benchmark G-Sec ETF?
ICICI Prudential 10 year Constant Maturity Gilt Fund is a Gilt fund, UTI Nifty 10 yr Benchmark G-Sec ETF is an ETF fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 82.2%.
Which has given higher returns, ICICI Prudential 10 year Constant Maturity Gilt Fund or UTI Nifty 10 yr Benchmark G-Sec ETF?
Over 1 year: ICICI Prudential 10 year Constant Maturity Gilt Fund +2.06%, UTI Nifty 10 yr Benchmark G-Sec ETF −0.26%. As on 30-10-2026. Past returns do not promise future returns.
How much do ICICI Prudential 10 year Constant Maturity Gilt Fund and UTI Nifty 10 yr Benchmark G-Sec ETF overlap?
82.2%. They hold 1 of the same securities, the largest shared ones being Government Securities. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential 10 year Constant Maturity Gilt Fund and UTI Nifty 10 yr Benchmark G-Sec ETF?
Yes. 82.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential 10 year Constant Maturity Gilt Fund and UTI Nifty 10 yr Benchmark G-Sec ETF?
ICICI Prudential 10 year Constant Maturity Gilt Fund: Manish Banthia, Raunak Surana. UTI Nifty 10 yr Benchmark G-Sec ETF: Jaydeep Bhowal.
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.