10-Year Constant Maturity Gilt Funds
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These funds provide government-security exposure with a defined portfolio duration strategy. Compare performance and costs alongside the potential impact of movements in bond yields.
List of 10-Year Constant Maturity Gilt Funds to Compare
Compare the funds within the stated category using the same plan, option and return period. Review the current portfolio, risk, expenses and applicable exit load before choosing a fund. Historical returns do not assure future performance.
Total funds
6
SEBI categorised
Category AUM
₹3.89K Cr
▼ ₹205 Cr MoM
Category avg 1Y return
-0%
As of 23rd October 2026
Net flow - September 2026
₹162 Cr
▼ Net Outflow
What Are 10-Year Constant Maturity Gilt Funds and How Do They Work?
These funds invest in government securities while maintaining the portfolio’s defined duration exposure. Under the current category framework, at least 80% of assets are invested in government securities and portfolio Macaulay duration is equal to 10 years.
The category name describes the investment strategy. It does not mean that the fund matures in 10 years, that you must remain invested for 10 years, or that every bond in the portfolio has the same maturity.
How Returns Are Generated
Returns come from income on government securities and changes in their market prices, after fund expenses. Bond prices generally rise when market yields fall and decline when yields rise.
Maintaining this duration exposure can make NAVs sensitive to changes in yields. The sovereign nature of the main holdings does not protect an investor from market-price losses.
Who Should Consider 10-Year Constant Maturity Gilt Funds?
Investors considering a deliberate duration allocation may use this category after understanding the potential for substantial NAV changes. The decision should fit their broader debt allocation and ability to remain invested through volatility.
These funds are unsuitable for money that requires a predictable near-term payout or immediate principal certainty. A forecast of lower rates alone is not a complete investment case.
Advantages of 10-Year Constant Maturity Gilt Funds
The strategy offers access to government securities with a clearly defined duration approach. It can provide transparent interest-rate exposure for investors who understand that role.
Risks and Limitations of 10-Year Constant Maturity Gilt Funds
The main risk is sensitivity to movements in market yields. Prices can fall despite the government issuer continuing to make payments. Liquidity conditions, reinvestment and fund expenses also affect outcomes.
How to Choose 10-Year Constant Maturity Gilt Funds
- Verify that the scheme belongs to this category rather than classifying it from the words G-Sec in its name.
- Compare the current portfolio duration, government-security exposure and stated benchmark.
- Review returns and drawdowns across rising- and falling-yield periods.
- Check the expense ratio, exit load and redemption conditions for the same plan and option.
Constant Maturity Gilt Funds vs Other Gilt Funds
Ordinary gilt funds can invest across government-security maturities under their mandate. Constant-maturity gilt funds follow the specified duration rule. A G-Sec index fund is also a different strategy unless its scheme category and mandate match this category.
Compare gilt funds and debt index funds within their own peer groups before deciding which exposure fits your goal.
Which funds are gaining or losing investor interest?
List of 10 Yr Government Bond Funds with highest cash net Inflow and Outflow in the month of September 2026.
Highest Outflow funds in the last month
Fund | Outflow |
|---|---|
 SBI 10 year Constant Maturity Gilt Fund | -₹87.82 Cr |
 ICICI Prudential 10 Year Constant Maturity Gilt Fund | -₹57.63 Cr |
 DSP 10 year Constant Maturity Gilt Fund | -₹6.14 Cr |
 UTI 10 year Constant Maturity Gilt Fund | -₹5.67 Cr |
 Bandhan 10 year Constant Maturity Gilt Fund Dir | -₹4.41 Cr |
Explore More Debt Funds
Frequently Asked Questions
The category framework specifies portfolio Macaulay duration equal to 10 years, with at least 80% in government securities. It is a portfolio rule, not an investor lock-in or the maturity date of the fund.
Yes. Changes in market yields can reduce the value of government securities and the fund’s NAV. A sovereign issuer does not remove interest-rate risk.
No. An index fund follows a particular index, while a constant-maturity gilt fund follows its category mandate. Verify the scheme’s classification and portfolio rules before comparing it with this peer group.
The category name does not impose a 10-year holding requirement. Check the scheme’s redemption terms and exit load. Your appropriate horizon depends on your goal and tolerance for NAV fluctuations.
When market yields rise, existing bond prices generally fall. The portfolio’s duration makes this change relevant to its NAV. The overall return also includes income, reinvestment and expenses.
Compare category membership, portfolio duration, government-security exposure, benchmark, historical drawdowns and expenses. Assess this alongside your existing debt allocation and liquidity needs.