Tata Gilt Fund vs UTI - Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Gilt Fund and UTI - Gilt Fund are both Gilt funds. In the 3 years to 30-10-2026, Tata Gilt Fund (Direct) returned 6.2% a year and UTI - Gilt Fund (Direct) returned 6.3% a year. Tata Gilt Fund charges 0.30% a year and UTI - Gilt Fund 0.47% (Direct plans). Their portfolios overlap 40.8%: they hold 1 of the same security.
Which is better, Tata Gilt 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.
- Tata Gilt returned more over 5 years: 5.6% a year against 5.4%.
- UTI - Gilt returned more over 3 years: 6.3% a year against 6.2%.
- Tata Gilt costs less: 0.30% a year against 0.47% (Direct plans).
- UTI - Gilt swung less over 3 years: a standard deviation of 2.6% a year against 3.4%.
- UTI - Gilt fell less in its worst fall since 07-01-2013: −8.1% against −10.4%.
- Tata Gilt is the larger fund: ₹769 Cr against ₹415 Cr.
- Their portfolios overlap 40.8%: 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 | Tata Gilt Fund | UTI - Gilt Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Category | Gilt | Gilt |
| AUM | ₹769 Cr (30-09-2026) | ₹415 Cr (30-09-2026) |
| NAV | ₹88.88 (Direct) | ₹67.32 (Direct) |
| Expense ratio (Direct) | 0.30% | 0.47% |
| Expense ratio (Regular) | 1.32% | 0.85% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Dynamic Gilt Index (AIII) | CRISIL Dynamic Gilt Index |
| Launch date | 04-08-1999 | 21-01-2002 |
| Minimum investment | ₹5,000 | 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 | None | None |
| Fund managers | Akhil Mittal, Puja Kasat | Pankaj Pathak FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | NIL | Nil |
Tata Gilt 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 |
|---|---|---|---|---|---|---|---|
| Tata Gilt Fund (Direct) | −1.00% | −2.40% | +1.50% | +1.32% | +6.15% | +5.59% | +6.23% |
| UTI - Gilt Fund (Direct) | −1.12% | −1.53% | +0.15% | +3.11% | +6.31% | +5.41% | +6.72% |
| 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.
Tata Gilt vs UTI - Gilt: Year-wise Returns
| Year | TataTata Gilt | UTI -UTI - Gilt |
|---|---|---|
| 2026to date | +0.61% | +2.33% |
| 2025 | +5.86% | +5.35% |
| 2024 | +9.53% | +9.20% |
| 2023 | +8.39% | +6.96% |
| 2022 | +3.27% | +3.23% |
| 2021 | +1.66% | +2.56% |
Tata Gilt vs UTI - Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,616 of them, one for each trading day from 07-01-2016 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.
Tata Gilt Fund (Direct)
UTI - Gilt Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Gilt | 0.0 | 10.4 | 76.3 | 13.2 | 0.0 | 0.0 | 0.0 | 7.8% | 7.5% | 3.7% | 14.6% |
| UTI - Gilt | 0.0 | 9.4 | 76.7 | 13.9 | 0.0 | 0.0 | 0.0 | 8.1% | 8.2% | 3.6% | 14.8% |
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 07-01-2013. Past returns do not promise future returns.
Tata Gilt 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 07-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata GiltTata Gilt Fund (Direct) | ₹16,60,000 | ₹26,74,225 | ₹10,14,225 | 6.6% |
| UTI - GiltUTI - Gilt Fund (Direct) | ₹16,60,000 | ₹27,34,784 | ₹10,74,784 | 6.9% |
Tata GiltTata Gilt 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.
Tata Gilt vs UTI - Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Gilt Fund (Direct) | UTI - Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.32% | +3.11% |
| Standard deviation | 4.41% | 2.46% |
| Sharpe ratio | -0.89 | -0.87 |
| Sortino ratio | -1.21 | -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 | Tata Gilt Fund (Direct) | UTI - Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.15% | +6.31% |
| Standard deviation | 3.36% | 2.63% |
| Sharpe ratio | 0.04 | 0.11 |
| Sortino ratio | 0.05 | 0.15 |
| Maximum drawdown | −4.2% (02-04-2026) | −3.2% (26-08-2025) |
| 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 | Tata Gilt Fund (Direct) | UTI - Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.59% | +5.41% |
| Standard deviation | 2.92% | 2.25% |
| Sharpe ratio | -0.07 | -0.17 |
| Sortino ratio | -0.10 | -0.24 |
| Maximum drawdown | −4.2% (02-04-2026) | −3.2% (26-08-2025) |
| 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 | Tata Gilt Fund (Direct) | UTI - Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.48% | +7.78% |
| Standard deviation | 4.01% | 3.70% |
| Sharpe ratio | 0.36 | 0.47 |
| Sortino ratio | 0.52 | 0.69 |
| Maximum drawdown | −10.4% (19-08-2013) | −8.1% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-01-2013 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.
Tata Gilt 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 |
|---|---|---|---|---|---|---|
| Tata Gilt Fund (Direct) | −10.4% | 28-05-2013 | 19-08-2013 | 02-05-2014 | 8 months | −3.6% |
| UTI - Gilt Fund (Direct) | −8.1% | 27-05-2013 | 19-08-2013 | 19-05-2014 | 9 months | −2.1% |
From daily values since 07-01-2013, 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.
Tata Gilt Fund (Direct)
UTI - 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.
Tata Gilt Fund (Direct)
UTI - 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.
Tata Gilt Fund (Direct)
UTI - Gilt Fund (Direct)
Tata Gilt vs UTI - Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Gilt Fund, September 2026; UTI - Gilt Fund, September 2026
Holdings in common
- Overlap
- 40.8%
- Held by both
- 1
- Only in Tata Gilt
- 4
- Only in UTI - Gilt
- 7
| Security | % of Tata Gilt | % of UTI - Gilt |
|---|---|---|
| GOI - 6.90% (15/04/2065) | 40.82% | 51.89% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.8% means 40.8% 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 Tata Gilt Fund
| Security | % of fund |
|---|---|
| GOI - 7.06% (27/07/2041) | 42.97% |
| GOI - 7.09% (05/08/2054) | 6.08% |
| GOI - 7.18% (14/08/2033) | 3.26% |
| GOI - 7.10% (08/04/2034) | 3.24% |
Largest holdings only in UTI - Gilt Fund
| Security | % of fund |
|---|---|
| 07.71% GSEC Mat- 18/05/2066 | 12.05% |
| 7.24% GSEC MAT- 18/08/2055 | 9.15% |
| 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% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Gilt | UTI - Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.4% | 86.4% |
| Cash and others | 3.6% | 13.6% |
Tata Gilt vs UTI - Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Gilt Fund | UTI - Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.30% | 0.47% |
| Base expense ratio (Direct) | 0.24% | 0.38% |
| Total expense ratio (Regular) | 1.32% | 0.85% |
| Base expense ratio (Regular) | 1.18% | 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 Tata Gilt with
Tata Gilt Fund vs UTI - Gilt Fund: Frequently Asked Questions
What is the difference between Tata Gilt Fund and UTI - Gilt Fund?
Both are Gilt funds, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 40.8%. Tata Gilt Fund charges 0.30% a year and UTI - Gilt Fund 0.47%.
Which has given higher returns, Tata Gilt Fund or UTI - Gilt Fund?
Over 1 year: Tata Gilt Fund +1.32%, UTI - Gilt Fund +3.11%. Over 3 years: Tata Gilt Fund +6.15% a year, UTI - Gilt Fund +6.31% a year. Over 5 years: Tata Gilt Fund +5.59% a year, UTI - Gilt Fund +5.41% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Gilt Fund or UTI - Gilt Fund?
Tata Gilt Fund charges less: 0.30% a year against 0.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Gilt Fund and UTI - Gilt Fund overlap?
40.8%. They hold 1 of the same securities, the largest shared ones being GOI - 6.90% (15/04/2065). From each fund's latest monthly portfolio.
Which is riskier, Tata Gilt Fund or UTI - Gilt Fund?
On SEBI's riskometer, Tata Gilt Fund is rated Moderate and UTI - Gilt Fund Moderate. Over 3 years, the standard deviation of daily returns was 3.36% and 2.63% a year.
Which is better for SIP, Tata Gilt Fund or UTI - Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,97,482 in Tata Gilt Fund (XIRR 5.2% a year) and ₹7,00,912 in UTI - Gilt Fund (XIRR 5.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Tata Gilt Fund and UTI - Gilt Fund?
Yes. 40.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Tata Gilt Fund and UTI - Gilt Fund?
Tata Gilt Fund: Akhil Mittal, Puja Kasat. UTI - Gilt Fund: Pankaj Pathak FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.