Mirae Asset Long Term Fund vs UTI - Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Long Term Fund is a Long Duration fund and UTI - Gilt Fund is a Gilt fund. In the year to 30-10-2026, Mirae Asset Long Term Fund (Direct) returned 0.2% and UTI - Gilt Fund (Direct) returned 3.1%. Mirae Asset Long Term Fund charges 0.20% a year and UTI - Gilt Fund 0.47% (Direct plans). Their portfolios overlap 28.0%: they hold 2 of the same securities.
Mirae Asset Long Term Fund
Long Duration
- 1 year return
- 0.2%
- Expense ratio
- 0.20%
- NAV
- ₹10.32
Which is better, Mirae Asset Long Term or UTI - Gilt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI - Gilt returned more over 1 year: 3.1% against 0.2%.
- Mirae Asset Long Term costs less: 0.20% a year against 0.47% (Direct plans).
- UTI - Gilt fell less in its worst fall since 09-12-2024: −3.2% against −5.6%.
- UTI - Gilt is the larger fund: ₹415 Cr against ₹19 Cr.
- Their portfolios overlap 28.0%: 2 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 | Mirae Asset Long Term Fund | UTI - Gilt Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | UTI Mutual Fund |
| Category | Long Duration | Gilt |
| AUM | ₹19 Cr (30-09-2026) | ₹415 Cr (30-09-2026) |
| NAV | ₹10.32 (Direct) | ₹67.32 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.47% |
| Expense ratio (Regular) | 0.78% | 0.85% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | CRISIL Dynamic Gilt Index |
| Launch date | Not available | 21-01-2002 |
| Minimum investment | Not available | Regular Plan-Growth- Rs.500, Regular Plan-Reinvestment of IDCW- Rs.20000, Regular Plan-Payout of IDCW- Rs.20000, Direct Plan-Growth- Rs.500, Direct Plan-Reinvestment of IDCW- Rs.20000, Direct Plan-Payout of IDCW- Rs.20000, |
| Lock in | Not available | None |
| Fund managers | Not available | Pankaj Pathak FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Not available | Nil |
Mirae Asset Long Term vs UTI - 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Long Term Fund (Direct) | −1.40% | −2.24% | +0.70% | +0.24% | -- | -- | -- |
| UTI - Gilt Fund (Direct) | −1.12% | −1.53% | +0.15% | +3.11% | +6.31% | +5.41% | +6.72% |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | -- | -- | -- |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | +5.46% | +6.64% |
Category average: the average of the 11 Long Duration funds and the 28 Gilt funds, same plan type.
Mirae Asset Long Term vs UTI - Gilt: Year-wise Returns
| Year | Mirae Asset Long TermMirae Asset Long Term | UTI - GiltUTI - Gilt |
|---|---|---|
| 2026to date | −0.41% | +2.33% |
| 2025 | +3.46% | +5.35% |
| 2024 | -- | +9.20% |
| 2023 | -- | +6.96% |
| 2022 | -- | +3.23% |
| 2021 | -- | +2.56% |
Mirae Asset Long Term vs UTI - Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 215 of them, one for each trading day from 09-12-2025 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.
Mirae Asset Long Term Fund (Direct)
UTI - Gilt Fund (Direct)
to
Jan 2026Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Long Term | 29.3 | 70.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2% | 1.9% | −4.0% | 4.8% |
| UTI - Gilt | 0.0 | 59.1 | 40.9 | 0.0 | 0.0 | 0.0 | 0.0 | 4.5% | 4.7% | 1.7% | 7.1% |
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 09-12-2024. Past returns do not promise future returns.
Mirae Asset Long Term vs UTI - 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 09-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Long TermMirae Asset Long Term Fund (Direct) | ₹2,30,000 | ₹2,30,369 | ₹369 | 0.2% |
| UTI - GiltUTI - Gilt Fund (Direct) | ₹2,30,000 | ₹2,36,173 | ₹6,173 | 2.7% |
Mirae Asset Long TermMirae Asset Long Term Fund (Direct)
UTI - GiltUTI - 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.
Mirae Asset Long Term vs UTI - Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Long Term Fund (Direct) | UTI - Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.24% | +3.11% |
| Standard deviation | 4.50% | 2.46% |
| Sharpe ratio | -1.11 | -0.87 |
| Sortino ratio | -1.48 | -1.18 |
| Maximum drawdown | −4.0% (02-04-2026) | −2.6% (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 | Mirae Asset Long Term Fund (Direct) | UTI - Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.55% | +7.78% |
| Standard deviation | 4.16% | 3.70% |
| Sharpe ratio | -0.97 | 0.47 |
| Sortino ratio | -1.29 | 0.69 |
| Maximum drawdown | −5.6% (02-04-2026) | −8.1% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 09-12-2024 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.
Mirae Asset Long Term Fund (Direct)
UTI - Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Long Term Fund (Direct) | −5.6% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.6% |
| UTI - Gilt Fund (Direct) | −3.2% | 28-05-2025 | 26-08-2025 | 04-02-2026 | 5 months | −2.1% |
From daily values since 09-12-2024, 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.
Mirae Asset Long Term Fund (Direct)
UTI - Gilt Fund (Direct)
Mirae Asset Long Term vs UTI - Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Long Term Fund, September 2026; UTI - Gilt Fund, September 2026
Holdings in common
- Overlap
- 28.0%
- Held by both
- 2
- Only in Mirae Asset Long Term
- 4
- Only in UTI - Gilt
- 6
| Security | % of Mirae Asset Long Term | % of UTI - Gilt |
|---|---|---|
| 6.90% Government of India (MD 15/04/2065) | 18.84% | 51.89% |
| 7.24% Government of India (MD 18/08/2055) | 9.97% | 9.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.0% means 28.0% 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 Mirae Asset Long Term Fund
| Security | % of fund |
|---|---|
| 7.30% Government of India (MD 19/06/2053) | 30.25% |
| 7.09% Government of India (MD 05/08/2054) | 24.54% |
| 6.94% Government of India (MD 11/05/2036) | 5.16% |
| Corporate Debt Market Development Fund - Class A2 | 0.55% |
Largest holdings only in UTI - Gilt Fund
| Security | % of fund |
|---|---|
| 07.71% GSEC Mat- 18/05/2066 | 12.05% |
| 6.79% NI GSEC MAT 15/05/2027 | 6.05% |
| 7.18% TN SDL 26/07/2027 | 3.64% |
| 07.30% UTTARAKHAND SGS Mat - 01/10/2032 | 2.03% |
| 7.77% ANDHRA PRADESH SGS - 10/01/2028 | 1.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Long Term | UTI - Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 88.8% | 86.4% |
| Cash and others | 11.2% | 13.6% |
Mirae Asset Long Term vs UTI - Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Long Term Fund | UTI - Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.47% |
| Base expense ratio (Direct) | 0.17% | 0.38% |
| Total expense ratio (Regular) | 0.78% | 0.85% |
| Base expense ratio (Regular) | 0.66% | 0.72% |
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 Mirae Asset Long Term with
Mirae Asset Long Term Fund vs UTI - Gilt Fund: Frequently Asked Questions
What is the difference between Mirae Asset Long Term Fund and UTI - Gilt Fund?
Mirae Asset Long Term Fund is a Long Duration fund, UTI - Gilt Fund is a Gilt fund, run by Mirae Asset Mutual Fund and UTI Mutual Fund. Their portfolios overlap 28.0%. Mirae Asset Long Term Fund charges 0.20% a year and UTI - Gilt Fund 0.47%.
Which has given higher returns, Mirae Asset Long Term Fund or UTI - Gilt Fund?
Over 1 year: Mirae Asset Long Term Fund +0.24%, UTI - Gilt Fund +3.11%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Long Term Fund or UTI - Gilt Fund?
Mirae Asset Long Term Fund charges less: 0.20% a year against 0.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Long Term Fund and UTI - Gilt Fund overlap?
28.0%. They hold 2 of the same securities, the largest shared ones being 6.90% Government of India (MD 15/04/2065), 7.24% Government of India (MD 18/08/2055). From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Long Term Fund and UTI - Gilt Fund?
Yes. 28.0% 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.