What is Gilt Fund with 10-Year Constant Duration?
Gilt funds have now become a popular mutual fund, and investors with varied years of investment experience are choosing these funds over other mutual funds. Gilt funds earn their returns from investing the money in different securities owned by the Reserve Bank of India. View More
Who Should Invest in Gilt Fund with 10-Year Constant Duration?
Gilt Fund with 10-Year Constant Duration is a popular category among investors across categories. These funds do not come with a high risk as the Government manages these funds, and they try to provide their promised returns to all their investors. View More
Features of Gilt Fund with 10-Year Constant Duration
A Gilt Fund with 10-Year Constant Duration has several features that make it unique and attractive for investors. Some of these unique features of the fund include: View More
Taxability of Gilt Fund with 10-Year Constant Duration
Understanding the taxability of the Gilt Fund with 10-Year Constant Duration is very important if you are trying to invest in these mutual funds. The major holdings of the fund consist of Government bonds, and hence, they are taxed accordingly. View More
Risk Involved with Gilt Fund with 10-Year Constant Duration.
Let’s try to understand some risks when investing in a Gilt Fund with a 10-Year Constant Duration.
- The risks that come with a 10-year constant duration Gilt fund are much lower than those with a fixed medium or low duration.
Advantages of Gilt Fund with 10-Year Constant Duration
There are several advantages of a Gilt Fund with a 10-Year Constant Duration. Let’s understand some of these advantages to better invest in these funds. View More
Who are These Funds Suited For?
The Gilt Funds with 10-Year Constant Duration are managed directly by the Government and the Reserve Bank of India. Hence, people who are looking at the credibility of the asset management company more than the returns of the company. View More
Popular Gilt Fund with 10 year Constant duration
- Fund Name
- Min SIP Investment Amt
- AUM (Cr.)
- 3Y Return
ICICI Pru Constant Maturity Gilt Fund-Dir Growth is an Gilt Fund with 10 year Constant duration scheme that was launched on 12-09-14 and is currently under the management of our experienced fund manager Rahul Goswami. With an impressive AUM of ₹2,237 Crores, this scheme's latest NAV is ₹21.4514 as of 03-10-23.
ICICI Pru Constant Maturity Gilt Fund-Dir Growth scheme has delivered a return performance of 7.7% in the last 1 year, 4.3% in the last 3 years, and an 8.8% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Gilt Fund with 10 year Constant duration funds.
- Min SIP Investment Amt
- ₹5,000
- AUM (Cr.)
- ₹2,237
- 3Y Return
- 7.7%
ICICI Pru Gilt Fund – Direct Growth is an Gilt scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Rahul Goswami. With an impressive AUM of ₹4,163 Crores, this scheme's latest NAV is ₹95.2504 as of 03-10-23.
ICICI Pru Gilt Fund – Direct Growth scheme has delivered a return performance of 8.5% in the last 1 year, 6.2% in the last 3 years, and an 8.7% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Gilt funds.
- Min SIP Investment Amt
- ₹5,000
- AUM (Cr.)
- ₹4,163
- 3Y Return
- 8.5%
ICICI Pru Constant Maturity Gilt Fund-Dir Growth is an Gilt Fund with 10 year Constant duration scheme that was launched on 12-09-14 and is currently under the management of our experienced fund manager Rahul Goswami. With an impressive AUM of ₹2,237 Crores, this scheme's latest NAV is ₹21.4514 as of 03-10-23.
ICICI Pru Constant Maturity Gilt Fund-Dir Growth scheme has delivered a return performance of 7.7% in the last 1 year, 4.3% in the last 3 years, and an 8.8% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Gilt Fund with 10 year Constant duration funds.
- Min SIP Investment Amt
- ₹5,000
- AUM (Cr.)
- ₹2,237
- 3Y Return
- 7.7%
AXIS Gilt Fund – Direct Growth is an Gilt scheme that was launched on 01-01-13 and is currently under the management of our experienced fund manager Devang Shah. With an impressive AUM of ₹216 Crores, this scheme's latest NAV is ₹23.1133 as of 03-10-23.
AXIS Gilt Fund – Direct Growth scheme has delivered a return performance of 6.4% in the last 1 year, 4.9% in the last 3 years, and an 7.4% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Gilt funds.
- Min SIP Investment Amt
- ₹5,000
- AUM (Cr.)
- ₹216
- 3Y Return
- 6.4%
Kotak Gilt Invest – PF & Trust Plan – Direct Growth is an Gilt scheme that was launched on 01-01-13 and is currently under the management of our experienced fund manager Abhishek Bisen. With an impressive AUM of ₹2,473 Crores, this scheme's latest NAV is ₹96.2918 as of 03-10-23.
Kotak Gilt Invest – PF & Trust Plan – Direct Growth scheme has delivered a return performance of 8% in the last 1 year, 5.6% in the last 3 years, and an 8.3% since its launch. With a minimum SIP investment of just ₹100, this scheme offers a great investment opportunity for those looking to invest in Gilt funds.
- Min SIP Investment Amt
- ₹100
- AUM (Cr.)
- ₹2,473
- 3Y Return
- 8%
HDFC Gilt Fund – Direct Growth is an Gilt scheme that was launched on 01-01-13 and is currently under the management of our experienced fund manager Anil Bamboli. With an impressive AUM of ₹2,079 Crores, this scheme's latest NAV is ₹50.1131 as of 03-10-23.
HDFC Gilt Fund – Direct Growth scheme has delivered a return performance of 7.5% in the last 1 year, 4.4% in the last 3 years, and an 7.5% since its launch. With a minimum SIP investment of just ₹100, this scheme offers a great investment opportunity for those looking to invest in Gilt funds.
- Min SIP Investment Amt
- ₹100
- AUM (Cr.)
- ₹2,079
- 3Y Return
- 7.5%
Frequently Asked Questions
What risks are associated with a Gilt Fund with a 10-Year Constant Duration?
A Gilt Fund with a 10-Year Constant Duration is not impacted by any market or credit risks. This is because the Government and the Reserve Bank of India manage the fund directly; hence, they know how to ensure maximum returns even when the market is not performing that well.
However, these funds are subject to interest rate risk. When the interest rate rises, the fund’s asset value goes down. Therefore, you must keep a NAV of the fund before investing in it.
Can I invest in a Gilt Fund with 10-Year Constant Duration during recession?
Yes, you can invest in a Gilt Fund during the recession. This is because the Government wants more people to invest during a recession and inject money into the system. Also, the Government tries to improve aggregate demand for the product by taking necessary fiscal and monetary stimulus.
What are Gilt Funds with 10-year constant duration?
Gilt Funds with 10-Year Constant Duration are open-ended debt schemes. The SEBI has mandated these funds to make 80% of their investments in Government bonds and other securities whose Macaulay duration is 10 years.
These funds come with an interest rate, and you earn an interest income based on this. The fund’s interest rate is decided based on the existing repo rate that the Reserve Bank of India decides.
Are there any limitations of a Gilt Fund with 10-Year Constant Duration?
Unlike other funds, this is a debt-based fund. Hence, the returns generated from these funds are pretty low compared to equity-based mutual funds. Also, as Government wants a larger section of the society to benefit from a Gilt Fund with 10-Year Constant Duration. Therefore, the fund managers of a Gilt Fund with a 10-Year Constant Duration fixes a very conservative approach in deciding the basics of the fund.
What kind of taxes are available on the Gilt Fund with 10-Year Constant Duration?
As the fund is held with the investor for 10 years, a long-term capital tax is applicable on all your interests earned from a Gilt Fund with 10-Year Constant Duration. Post adjusting for indexation, a long-term capital gains tax of 20% will be charged on all the interest income you earn in the company.