This is the Regular plan of DSP Gilt Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+6.05% 3Y CAGR)NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.
Not enough Gilt Fund peers to rank yet
Volatility 6.7% (no category average yet)
1.2% expense (no category average yet)
66% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- Positive in only 66% of rolling 3-year windows
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Gilt Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.97% | — | — |
| 3M abs | -6.99% | — | — |
| 6M abs | -0.40% | — | — |
| 1Y CAGR | -3.89% | — | — |
| 3Y CAGR | -0.43% | — | — |
| 5Y CAGR | -0.32% | — | — |
Category average across peers in Gilt Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into DSP Gilt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | -3.97% | |
| 2025 | +2.12% | |
| 2024 | -1.21% | |
| 2023 | +0.06% | |
| 2022 | +1.01% | |
| 2021 | -1.93% | |
| 2020 | +2.81% | |
| 2019 | -2.27% | |
| 2018 | +7.36% | |
| 2017 | -4.06% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt97.64%
- Cash & Equivalents2.36%
Cash & cash-like: 24.46% — the 2.36% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,300Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.
Fund Managers
SGShantanu GodambeStart date not disclosed
CFA, MS(Finance), B.Com
Over 17 years of experience From March 2023 Onwards: Vice President (Investments - Fixed Income) - DSP Asset Managers Private Limited From January 2016-February 2023: Group Executive Vice President – Financial Markets - Plus SDL – April 2033 Index Yes Bank Ltd From November 2008-January 2016: Head – SLR Desk - Prebon Yamane India Ltd
- DSP Aggressive Hybrid Fund
- DSP Banking and PSU Debt Fund
- DSP Corporate Bond Fund
- DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund
- DSP Dynamic Asset Allocation Fund
- DSP Equity Savings Fund
- DSP Floating Interest Rates Fund
- DSP Multi Asset Allocation Fund
- DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund
- DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund
- DSP Short Term Fund
- DSP Conservative Hybrid Fund - Direct Plan - Growth
- DSP Dynamic Term Fund - Direct Plan - Growth
- DSP Overnight Fund - Direct Plan - Growth
SYSandeep YadavStart date not disclosed
Over 22 years of Experience: From April 01, 2023 onwards- Head Fixed Income- DSP Asset Managers Private Limited From September 02, 2021 to March 31, 2023- Head Fixed Income- DSP Investment Managers Private Limited From Jan 2006- Aug 2021 – Yes Bank Ltd- Head Primary Dealership and Fixed Income Trading. From Apr 2004- Sep 2005- Cognizant Technology Solutions- Senior Business Analyst From Jan 2001- Apr 2002- Hughes Software Solutions- Software Engineer From Aug 2000 – Jan 2001- Mahindra British Telecom- Trainee Software Engineer
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Gilt funds
Gilt funds lend only to the government, so they carry no credit risk. Their prices do move with interest rates, though — they can swing when rate expectations change.
Frequently asked questions
What is the NAV of DSP Gilt Fund?
As of 05 Oct 2026, the NAV of DSP Gilt Fund is ₹12.02 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has DSP Gilt Fund delivered?
DSP Gilt Fund has returned -3.89% over 1 year, -0.43% per year over 3 years, -0.32% per year over 5 years and +0.27% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of DSP Gilt Fund?
DSP Gilt Fund charges an expense ratio of 1.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of DSP Gilt Fund?
DSP Gilt Fund's largest holdings are 6.90% GOI 15042065 (30.4%), 6.94% GOI 11052036 (17.2%), 182 DAYS T-BILL 19112026 (16.3%), 91 DAYS T-BILL 12112026 (8.2%) and 7.48% Uttar Pradesh SDL 22032042 (7.1%). Holdings are disclosed monthly and change over time.
How risky is DSP Gilt Fund?
DSP Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.7% and its worst peak-to-trough fall in our sample was -22.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -1.04 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Gilt Fund's -1.04 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of DSP Gilt Fund?
DSP Gilt Fund is benchmarked against the Crisil Dynamic Gilt Index. Its alpha and beta on this page are measured against that index.
Who manages DSP Gilt Fund?
DSP Gilt Fund is managed by Shantanu Godambe and Sandeep Yadav at DSP.
How is DSP Gilt Fund taxed?
DSP Gilt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.