ICICI Prudential Gilt Fund vs ICICI Prudential Long Term Bond Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Gilt Fund is a Gilt fund and ICICI Prudential Long Term Bond Fund is a mutual fund. In the 3 years to 30-10-2026, ICICI Prudential Gilt Fund (Direct) returned 6.2% a year and ICICI Prudential Long Term Bond Fund returned −0.1% a year. ICICI Prudential Gilt Fund charges 0.58% a year and ICICI Prudential Long Term Bond Fund 0.43%. Their portfolios overlap 39.4%: they hold 17 of the same securities.
ICICI Prudential Long Term Bond Fund is closed. It has not published a NAV since 24-04-2020. Its figures stop there.
ICICI Prudential Gilt Fund
Gilt
- 3 year return
- 6.2%
- Expense ratio
- 0.58%
- NAV
- ₹114.42
ICICI Prudential Long Term Bond Fund
- 3 year return
- −0.1%
- Expense ratio
- 0.43%
- NAV
- ₹10.85
Which is better, ICICI Prudential Gilt or ICICI Prudential Long Term Bond? 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 Gilt returned more over 5 years: 6.1% a year against 0.6%.
- ICICI Prudential Gilt returned more over 3 years: 6.2% a year against −0.1%.
- ICICI Prudential Long Term Bond costs less: 0.43% a year against 0.58%.
- ICICI Prudential Gilt swung less over 3 years: a standard deviation of 2.4% a year against 13.2%.
- ICICI Prudential Gilt fell less in its worst fall since 02-01-2013: −12.3% against −22.3%.
- ICICI Prudential Gilt is the larger fund: ₹9,118 Cr against ₹843 Cr.
- Their portfolios overlap 39.4%: 17 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 Gilt Fund | ICICI Prudential Long Term Bond Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Gilt | Not available |
| AUM | ₹9,118 Cr (30-09-2026) | ₹843 Cr (31-07-2026) |
| NAV | ₹114.42 (Direct) | ₹10.85 |
| Expense ratio (Direct) | 0.58% | Not available |
| Expense ratio (Regular) | 1.11% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty All Duration G-Sec Index | Not available |
| Launch date | 19-08-1999 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Manish Banthia, Raunak Surana | Not available |
| Exit load | Nil | Not available |
ICICI Prudential Gilt vs ICICI Prudential Long Term Bond: 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 Gilt Fund (Direct) | −1.33% | −2.32% | +0.99% | +1.91% | +6.23% | +6.08% | +7.15% |
| ICICI Prudential Long Term Bond Fund | +0.01% | +1.14% | +3.44% | −11.54% | −0.11% | +0.64% | −0.09% |
| 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 Gilt vs ICICI Prudential Long Term Bond: Year-wise Returns
| Year | GiltICICI Prudential Gilt | Long Term BondICICI Prudential Long Term Bond |
|---|---|---|
| 2026to date | +1.11% | -- |
| 2025 | +7.33% | -- |
| 2024 | +8.73% | -- |
| 2023 | +8.83% | -- |
| 2022 | +4.27% | -- |
| 2021 | +4.40% | -- |
ICICI Prudential Gilt vs ICICI Prudential Long Term Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 of them, one for each trading day from 04-01-2016 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 Gilt Fund (Direct)
ICICI Prudential Long Term Bond Fund
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 Gilt | 0.0 | 0.0 | 78.0 | 21.1 | 1.0 | 0.0 | 0.0 | 8.8% | 8.5% | 5.3% | 16.2% |
| ICICI Prudential Long Term Bond | 31.4 | 58.5 | 10.1 | 0.0 | 0.0 | 0.0 | 0.0 | 1.3% | 1.2% | −5.1% | 6.9% |
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 02-01-2013. Past returns do not promise future returns.
ICICI Prudential Gilt vs ICICI Prudential Long Term Bond: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential GiltICICI Prudential Gilt Fund (Direct) | ₹16,60,000 | ₹28,76,944 | ₹12,16,944 | 7.6% |
| ICICI Prudential Long Term BondICICI Prudential Long Term Bond Fund | ₹8,80,000 | ₹8,57,823 | −₹22,177 | −0.7% |
ICICI Prudential GiltICICI Prudential Gilt Fund (Direct)
ICICI Prudential Long Term BondICICI Prudential Long Term Bond Fund
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 Gilt vs ICICI Prudential Long Term Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Gilt Fund (Direct) | ICICI Prudential Long Term Bond Fund |
|---|---|---|
| Return (CAGR) | +1.91% | −11.54% |
| Standard deviation | 3.42% | 22.21% |
| Sharpe ratio | -0.98 | -0.75 |
| Sortino ratio | -1.32 | -0.76 |
| Maximum drawdown | −3.7% (27-10-2026) | −22.3% (13-12-2019) |
| 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 Gilt Fund (Direct) | ICICI Prudential Long Term Bond Fund |
|---|---|---|
| Return (CAGR) | +6.23% | −0.11% |
| Standard deviation | 2.39% | 13.23% |
| Sharpe ratio | 0.09 | -0.45 |
| Sortino ratio | 0.12 | -0.46 |
| Maximum drawdown | −3.7% (27-10-2026) | −22.3% (13-12-2019) |
| 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 Gilt Fund (Direct) | ICICI Prudential Long Term Bond Fund |
|---|---|---|
| Return (CAGR) | +6.08% | +0.64% |
| Standard deviation | 2.23% | 11.23% |
| Sharpe ratio | 0.12 | -0.49 |
| Sortino ratio | 0.17 | -0.51 |
| Maximum drawdown | −3.7% (27-10-2026) | −22.3% (13-12-2019) |
| 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 Gilt Fund (Direct) | ICICI Prudential Long Term Bond Fund |
|---|---|---|
| Return (CAGR) | +8.10% | −0.10% |
| Standard deviation | 4.32% | 10.02% |
| Sharpe ratio | 0.47 | -0.71 |
| Sortino ratio | 0.67 | -0.75 |
| Maximum drawdown | −12.3% (19-08-2013) | −22.3% (13-12-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Gilt Fund (Direct)
ICICI Prudential Long Term Bond Fund
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Gilt Fund (Direct) | −12.3% | 27-05-2013 | 19-08-2013 | 23-07-2014 | 11 months | −3.4% |
| ICICI Prudential Long Term Bond Fund | −22.3% | 16-07-2019 | 13-12-2019 | Not yet | -- | −19.2% |
From daily values since 02-01-2013, 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 Gilt Fund (Direct)
ICICI Prudential Long Term Bond Fund
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 Gilt Fund (Direct)
ICICI Prudential Long Term Bond Fund
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 Gilt Fund (Direct)
ICICI Prudential Long Term Bond Fund
ICICI Prudential Gilt vs ICICI Prudential Long Term Bond: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Gilt Fund, September 2026; ICICI Prudential Long Term Bond Fund, July 2026
Holdings in common
- Overlap
- 39.4%
- Held by both
- 17
- Only in ICICI Prudential Gilt
- 29
- Only in ICICI Prudential Long Term Bond
- 2
| Security | % of ICICI Prudential Gilt | % of ICICI Prudential Long Term Bond |
|---|---|---|
| Government Securities | 14.11% | 13.47% |
| Government Securities | 8.24% | 36.43% |
| State Government of Maharashtra | 3.02% | 5.60% |
| State Government of Maharashtra | 2.93% | 8.41% |
| State Government of Maharashtra | 2.51% | 5.61% |
| State Government of Maharashtra | 2.23% | 5.72% |
| State Government of Maharashtra | 1.81% | 2.88% |
| State Government of Rajasthan | 1.01% | 2.95% |
| State Government of Andhra Pradesh | 0.95% | 2.64% |
| State Government of Madhya Pradesh | 0.76% | 2.10% |
| State Government of Maharashtra | 0.56% | 2.34% |
| State Government of Bihar | 0.55% | 1.01% |
| State Government of Andhra Pradesh | 0.42% | 2.36% |
| State Government of Madhya Pradesh | 0.38% | 2.91% |
| State Government of Haryana | 0.29% | 0.81% |
| State Government of West Bengal | 0.27% | 0.67% |
| Government Securities | 6.80% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.4% means 39.4% 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 ICICI Prudential Gilt Fund
| Security | % of fund |
|---|---|
| Government Securities | 21.22% |
| Government Securities | 3.51% |
| State Government of Uttar Pradesh | 2.65% |
| State Government of Telangana | 2.32% |
| State Government of Rajasthan | 2.12% |
Largest holdings only in ICICI Prudential Long Term Bond Fund
| Security | % of fund |
|---|---|
| Corporate Debt Market Development Fund (Class A2) | 0.40% |
| NABARD | 0.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Gilt | ICICI Prudential Long Term Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.1% | 96.0% |
| Cash and others | 2.9% | 4.0% |
ICICI Prudential Gilt vs ICICI Prudential Long Term Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Gilt Fund | ICICI Prudential Long Term Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.58% | Not available |
| Base expense ratio (Direct) | 0.49% | 0.37% |
| Total expense ratio (Regular) | 1.11% | Not available |
| Base expense ratio (Regular) | 0.94% | 0.81% |
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
ICICI Prudential Gilt Fund vs ICICI Prudential Long Term Bond Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Gilt Fund and ICICI Prudential Long Term Bond Fund?
ICICI Prudential Gilt Fund is a Gilt fund, ICICI Prudential Long Term Bond Fund is a mutual fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 39.4%. ICICI Prudential Gilt Fund charges 0.58% a year and ICICI Prudential Long Term Bond Fund 0.43%.
Which has given higher returns, ICICI Prudential Gilt Fund or ICICI Prudential Long Term Bond Fund?
Over 1 year: ICICI Prudential Gilt Fund +1.91%, ICICI Prudential Long Term Bond Fund −11.54%. Over 3 years: ICICI Prudential Gilt Fund +6.23% a year, ICICI Prudential Long Term Bond Fund −0.11% a year. Over 5 years: ICICI Prudential Gilt Fund +6.08% a year, ICICI Prudential Long Term Bond Fund +0.64% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Gilt Fund or ICICI Prudential Long Term Bond Fund?
ICICI Prudential Long Term Bond Fund charges less: 0.43% a year against 0.58%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Gilt Fund and ICICI Prudential Long Term Bond Fund overlap?
39.4%. They hold 17 of the same securities, the largest shared ones being Government Securities, Government Securities, State Government of Maharashtra. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Gilt Fund and ICICI Prudential Long Term Bond Fund?
Yes. 39.4% 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.