Invesco India Credit Risk Fund vs SBI 10 Year Constant Maturity Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Credit Risk Fund is a Credit Risk fund and SBI 10 Year Constant Maturity Gilt Fund is a Gilt fund. In the 3 years to 30-10-2026, Invesco India Credit Risk Fund (Direct) returned 8.8% a year and SBI 10 Year Constant Maturity Gilt Fund (Direct) returned 6.5% a year. Invesco India Credit Risk Fund charges 0.28% a year and SBI 10 Year Constant Maturity Gilt Fund 0.32% (Direct plans). Their portfolios overlap 12.3%: they hold 3 of the same securities.
Invesco India Credit Risk Fund
Credit Risk
- 3 year return
- 8.8%
- Expense ratio
- 0.28%
- NAV
- ₹2,348.05
SBI 10 Year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 6.5%
- Expense ratio
- 0.32%
- NAV
- ₹67.89
Which is better, Invesco India Credit Risk or SBI 10 Year Constant Maturity Gilt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Credit Risk returned more over 5 years: 8.3% a year against 5.4%.
- Invesco India Credit Risk returned more over 3 years: 8.8% a year against 6.5%.
- Invesco India Credit Risk costs less: 0.28% a year against 0.32% (Direct plans).
- Invesco India Credit Risk swung less over 3 years: a standard deviation of 1.5% a year against 2.7%.
- SBI 10 Year Constant Maturity Gilt fell less in its worst fall since 08-09-2014: −4.5% against −8.0%.
- SBI 10 Year Constant Maturity Gilt is the larger fund: ₹1,501 Cr against ₹167 Cr.
- Their portfolios overlap 12.3%: 3 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 | Invesco India Credit Risk Fund | SBI 10 Year Constant Maturity Gilt Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Credit Risk | Gilt |
| AUM | ₹167 Cr (30-09-2026) | ₹1,501 Cr (30-09-2026) |
| NAV | ₹2,348.05 (Direct) | ₹67.89 (Direct) |
| Expense ratio (Direct) | 0.28% | 0.32% |
| Expense ratio (Regular) | 1.46% | 0.63% |
| Riskometer | Moderate | Not available |
| Benchmark | NIFTY Credit Risk Bond Index B-II | Not available |
| Launch date | 04-09-2014 | Not available |
| Minimum investment | Not available | Not available |
| Lock in | None | Not available |
| Fund managers | Krishna Cheemalapati, Vikas Garg | Not available |
| Exit load | Exit load of 1%, if redeemed within 1 year. | Not available |
Invesco India Credit Risk vs SBI 10 Year Constant Maturity 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Credit Risk Fund (Direct) | −0.03% | +0.35% | +2.88% | +6.99% | +8.76% | +8.34% | +6.44% |
| SBI 10 Year Constant Maturity Gilt Fund (Direct) | −1.06% | −2.39% | +0.85% | +1.37% | +6.51% | +5.39% | +7.26% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | +5.46% | +6.64% |
Category average: the average of the 13 Credit Risk funds and the 28 Gilt funds, same plan type.
Invesco India Credit Risk vs SBI 10 Year Constant Maturity Gilt: Year-wise Returns
| Year | Invesco India Credit RiskInvesco India Credit Risk | SBI 10 Year Constant Maturity GiltSBI 10 Year Constant Maturity Gilt |
|---|---|---|
| 2026to date | +5.78% | +0.56% |
| 2025 | +10.47% | +7.04% |
| 2024 | +8.46% | +9.51% |
| 2023 | +12.99% | +7.84% |
| 2022 | +3.48% | +1.64% |
| 2021 | +4.00% | +2.72% |
Invesco India Credit Risk vs SBI 10 Year Constant Maturity Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,212 of them, one for each trading day from 08-09-2017 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.
Invesco India Credit Risk Fund (Direct)
SBI 10 Year Constant Maturity Gilt Fund (Direct)
to
Jun 2018Dec 2016
to
Dec 2019Jul 2018
to
Jul 2021Jan 2020
to
Jan 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Credit Risk | 0.0 | 30.5 | 56.1 | 13.3 | 0.0 | 0.0 | 0.0 | 6.6% | 6.5% | 2.4% | 10.8% |
| SBI 10 Year Constant Maturity Gilt | 0.0 | 11.4 | 61.1 | 27.5 | 0.0 | 0.0 | 0.0 | 8.2% | 8.8% | 3.4% | 11.6% |
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 08-09-2014. Past returns do not promise future returns.
Invesco India Credit Risk vs SBI 10 Year Constant Maturity 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 08-09-2014 to 30-10-2026: 146 instalments, ₹14,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Credit RiskInvesco India Credit Risk Fund (Direct) | ₹14,60,000 | ₹22,96,340 | ₹8,36,340 | 7.2% |
| SBI 10 Year Constant Maturity GiltSBI 10 Year Constant Maturity Gilt Fund (Direct) | ₹14,60,000 | ₹22,53,010 | ₹7,93,010 | 6.9% |
Invesco India Credit RiskInvesco India Credit Risk Fund (Direct)
SBI 10 Year Constant Maturity GiltSBI 10 Year Constant Maturity 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.
Invesco India Credit Risk vs SBI 10 Year Constant Maturity Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Credit Risk Fund (Direct) | SBI 10 Year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.99% | +1.37% |
| Standard deviation | 1.66% | 3.35% |
| Sharpe ratio | 1.05 | -1.16 |
| Sortino ratio | 2.23 | -1.59 |
| Maximum drawdown | −0.5% (23-10-2026) | −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 | Invesco India Credit Risk Fund (Direct) | SBI 10 Year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.76% | +6.51% |
| Standard deviation | 1.51% | 2.74% |
| Sharpe ratio | 1.81 | 0.18 |
| Sortino ratio | 4.16 | 0.25 |
| Maximum drawdown | −0.5% (23-10-2026) | −3.5% (23-10-2026) |
| 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 | Invesco India Credit Risk Fund (Direct) | SBI 10 Year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.34% | +5.39% |
| Standard deviation | 2.14% | 3.17% |
| Sharpe ratio | 1.18 | -0.13 |
| Sortino ratio | 3.70 | -0.18 |
| Maximum drawdown | −1.0% (06-05-2022) | −4.5% (13-06-2022) |
| 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 | Invesco India Credit Risk Fund (Direct) | SBI 10 Year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.27% | +8.23% |
| Standard deviation | 2.84% | 3.00% |
| Sharpe ratio | 0.54 | 0.73 |
| Sortino ratio | 0.64 | 1.06 |
| Maximum drawdown | −8.0% (12-06-2019) | −4.5% (13-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-09-2014 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.
Invesco India Credit Risk Fund (Direct)
SBI 10 Year Constant Maturity Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Credit Risk Fund (Direct) | −8.0% | 15-01-2019 | 12-06-2019 | 22-05-2020 | 11 months | −0.3% |
| SBI 10 Year Constant Maturity Gilt Fund (Direct) | −4.5% | 14-12-2021 | 13-06-2022 | 06-09-2022 | 3 months | −3.0% |
From daily values since 08-09-2014, 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.
Invesco India Credit Risk Fund (Direct)
SBI 10 Year Constant Maturity 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.
Invesco India Credit Risk Fund (Direct)
SBI 10 Year Constant Maturity 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.
Invesco India Credit Risk Fund (Direct)
SBI 10 Year Constant Maturity Gilt Fund (Direct)
Invesco India Credit Risk vs SBI 10 Year Constant Maturity Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Credit Risk Fund, September 2026; SBI 10 Year Constant Maturity Gilt Fund, September 2026
Holdings in common
- Overlap
- 12.3%
- Held by both
- 3
- Only in Invesco India Credit Risk
- 13
- Only in SBI 10 Year Constant Maturity Gilt
- 1
| Security | % of Invesco India Credit Risk | % of SBI 10 Year Constant Maturity Gilt |
|---|---|---|
| 6.79% Government of India 2034 | 8.76% | 6.51% |
| 6.94% Government of India 2036 | 2.94% | 65.21% |
| 6.48% Government of India 2035 | 2.85% | 9.55% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.3% means 12.3% 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 Invesco India Credit Risk Fund
| Security | % of fund |
|---|---|
| 6.68% Government of India 2040 | 11.29% |
| 9.25% Truhome Finance Limited 2027 | 8.74% |
| 7.51% Tata Housing Development Company Limited 2028 | 8.21% |
| 8% Adani Power Limited 2028 | 8.18% |
| 8.65% Aadhar Housing Finance Limited 2027 | 7.80% |
Largest holdings only in SBI 10 Year Constant Maturity Gilt Fund
| Security | % of fund |
|---|---|
| 7.18% CGL 2037 | 15.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Credit Risk | SBI 10 Year Constant Maturity Gilt |
|---|---|---|
| Equity | 0.1% | 0.0% |
| Debt | 84.1% | 97.2% |
| Cash and others | 15.8% | 2.8% |
Market cap of stocks
| Market cap | Invesco India Credit Risk | SBI 10 Year Constant Maturity Gilt |
|---|---|---|
| Large Cap | 0.0% | -- |
| Mid Cap | 0.0% | -- |
| Small Cap | 0.0% | -- |
| Not on AMFI's list | 0.1% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Invesco India Credit Risk | SBI 10 Year Constant Maturity Gilt |
|---|---|---|
| Textiles & Apparels | 0.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Credit Risk vs SBI 10 Year Constant Maturity Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Credit Risk Fund | SBI 10 Year Constant Maturity Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.28% | 0.32% |
| Base expense ratio (Direct) | 0.24% | 0.27% |
| Total expense ratio (Regular) | 1.46% | 0.63% |
| Base expense ratio (Regular) | 1.24% | 0.54% |
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 Invesco India Credit Risk with
Compare SBI 10 Year Constant Maturity Gilt with
- SBI 10 Year Constant Maturity Gilt vs Bandhan Gilt
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- SBI 10 Year Constant Maturity Gilt vs Axis Gilt
- SBI 10 Year Constant Maturity Gilt vs ICICI Prudential 10 year Constant Maturity Gilt
- SBI 10 Year Constant Maturity Gilt vs UTI 10 year Constant Maturity Gilt
Invesco India Credit Risk Fund vs SBI 10 Year Constant Maturity Gilt Fund: Frequently Asked Questions
What is the difference between Invesco India Credit Risk Fund and SBI 10 Year Constant Maturity Gilt Fund?
Invesco India Credit Risk Fund is a Credit Risk fund, SBI 10 Year Constant Maturity Gilt Fund is a Gilt fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 12.3%. Invesco India Credit Risk Fund charges 0.28% a year and SBI 10 Year Constant Maturity Gilt Fund 0.32%.
Which has given higher returns, Invesco India Credit Risk Fund or SBI 10 Year Constant Maturity Gilt Fund?
Over 1 year: Invesco India Credit Risk Fund +6.99%, SBI 10 Year Constant Maturity Gilt Fund +1.37%. Over 3 years: Invesco India Credit Risk Fund +8.76% a year, SBI 10 Year Constant Maturity Gilt Fund +6.51% a year. Over 5 years: Invesco India Credit Risk Fund +8.34% a year, SBI 10 Year Constant Maturity Gilt Fund +5.39% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Credit Risk Fund or SBI 10 Year Constant Maturity Gilt Fund?
Invesco India Credit Risk Fund charges less: 0.28% a year against 0.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Credit Risk Fund and SBI 10 Year Constant Maturity Gilt Fund overlap?
12.3%. They hold 3 of the same securities, the largest shared ones being 6.79% Government of India 2034, 6.94% Government of India 2036, 6.48% Government of India 2035. From each fund's latest monthly portfolio.
Which is better for SIP, Invesco India Credit Risk Fund or SBI 10 Year Constant Maturity Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,63,839 in Invesco India Credit Risk Fund (XIRR 8.8% a year) and ₹7,01,226 in SBI 10 Year Constant Maturity Gilt Fund (XIRR 5.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Credit Risk Fund and SBI 10 Year Constant Maturity Gilt Fund?
Yes. 12.3% 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.