Best Gilt Fund with 10 year constant duration funds in India

5 gilt fund with 10 year constant duration funds in India, of which 4 meet the eligibility criteria, ranked on Sharpe ratio. Income with less volatility than equity?

Ranked on risk-adjusted return, not raw return — the point of this group is smoother outcomes.

Gilt Fund with 10 year constant duration funds ranked by Sharpe ratio

#Fund
1UTI Gilt Fund with 10 year Constant Duration - Direct Plan - Growth Option0.80-2.7%+8.02%25%+4.71%₹113 Cr0.32%
2Bandhan Gilt Fund with 10 year constant duration Fund - Direct Plan - GrowthSilver0.66-5.0%+9.06%60%+5.96%₹296 Cr0.26%
3ICICI Prudential Constant Maturity Gilt Fund - Direct Plan - GrowthBronze0.61-4.7%+8.27%50%+5.54%₹1,992 Cr0.27%
4SBI CONSTANT MATURITY 10 YEAR GILT FUND - DIRECT PLAN - GROWTH0.50-4.5%+9.26%63%+4.89%₹1,666 Cr0.32%

Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any numeric column to re-sort; funds with no value for that column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 1 year(s) old. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.

Gilt Fund with 10 year constant duration funds — FAQs
Why rank these on risk-adjusted return?

The purpose of this group is a smoother path, not the highest possible number. A fund that earned slightly less with much less volatility is doing the job better, which is what a risk-adjusted measure captures and a raw return does not.

What risks do debt funds carry?

Two main ones. Interest-rate risk: when yields rise, existing bonds fall in value, and longer-duration funds move more. Credit risk: a borrower may be downgraded or default, which affects the NAV directly. Categories differ substantially in how much of each they take.