DebtGilt FundRegularGrowthModerate

ICICI Prudential Gilt Fund

Q: What is the NAV of ICICI Prudential Gilt Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Gilt Fund is ₹106.82 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Gilt Fund delivered?

ICICI Prudential Gilt Fund has returned +2.85% over 1 year, +6.16% per year over 3 years, +5.78% per year over 5 years and +8.27% 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.

Q: What is the expense ratio of ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund charges an expense ratio of 1.11% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund's largest holdings are Government Securities (16.4%), Government Securities (9.6%), Government Securities (8.8%), Government Securities (7.4%) and State Government of Maharashtra (3.5%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.4% and its worst peak-to-trough fall in our sample was -13.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Gilt Fund's -0.14 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund is benchmarked against the NIFTY All Duration G-Sec Index. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund is managed by Manish Banthia and Raunak Surana at ICICI Prudential.

Q: How is ICICI Prudential Gilt Fund taxed?

ICICI Prudential 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.

ICICI Prudential Mutual Fund · Best Gilt Mutual Funds

NAV

₹106.82

+0.04% 1D

as of 05 Oct 2026

This is the Regular plan of ICICI Prudential Gilt Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+2.57%absolute

52-week rangePrev NAV ₹106.78

Latest ₹106.82

Low ₹102.8362nd percentile of its 52-week rangeHigh ₹109.25

Scorecard

★★★★★5/5 vs 27 Gilt Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How 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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Gilt Fund (same plan and option).

PerformanceStrong

3Y CAGR +6.16% · ranks 3 of 26 Gilt Funds

RiskLow

Volatility 2.4% vs 3.1% category avg

CostAverage

1.1% expense vs 1.2% category avg

ConsistencyHigh

100% 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

1-year return (+2.85%) beats the Gilt Fund average (+1.92%)
3-year return (+6.16%) beats the Gilt Fund average (+5.48%)
5-year return (+5.78%) beats the Gilt Fund average (+4.87%)
Less volatile than its Gilt Fund peers (2.4% vs 3.1%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.11%

Category 1.19%▼0.08%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.14

Category -0.33▲0.19

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY All Duration G-Sec Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-1.02%

Absolute return over the last 3 months (not annualized)

-1.61%

Absolute return over the last 6 months (not annualized)

+3.88%

Absolute return since 1 Jan of this year (not annualized)

+1.96%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.85%

3-year annualized return (CAGR)

+6.16%

5-year annualized return (CAGR)

+5.78%

10-year annualized return (CAGR)

+6.65%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.27%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.38%

Excess return per unit of total volatility (rf = 6.5%)

-0.14

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.20

Largest peak-to-trough decline over full history

-13.74%

Benchmark ratios

Not shown for Gilt Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Gilt Fund)

Period	Fund	Category avg.	Diff
1M abs	-1.02%	-0.42%	-0.60%
3M abs	-1.61%	-1.14%	-0.47%
6M abs	+3.88%	+3.82%	+0.06%
1Y CAGR	+2.85%	+1.92%	+0.93%
3Y CAGR	+6.16%	+5.48%	+0.68%
5Y CAGR	+5.78%	+4.87%	+0.91%

Category average across peers in Gilt Fund (up to 27 funds with data), 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.

Category rank

Vs 27 peers in Gilt Fund

1Y return

+2.85%

Beats 77.8% · rank #7

3Y return

+6.16%

Beats 92% · rank #3

5Y return🏆

+5.78%

Beats 100% · rank #1

Sharpe

-0.14

Beats 76% · rank #7

Sortino

-0.20

Beats 76% · rank #7

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.94L

Absolute

+15.66%

XIRR

+5.94%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential 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	+1.96%
2025	+6.76%
2024	+8.18%
2023	+8.26%
2022	+3.66%
2021	+3.76%
2020	+12.63%
2019	+10.82%
2018	+6.77%
2017	+2.06%

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.

History points

4,953

Expense ratio

1.11%

AUM

₹8,858Cr

YTM (from holdings)

7.69%

Average maturity

21.18 years

Exit load

Nil

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Gilt Fund

Compare all


ICICI Prudential Gilt FundThis fund ICICI Prudential · Regular · Growth	★★★★★	+2.85%	+6.16%	+5.78%	—	1.11%	₹8,858Cr
Bandhan Gilt Fund Bandhan · Regular · Growth	★★★★☆	+6.62%	+7.37%	+5.78%	—	1.20%	₹1,970Cr
Axis Gilt Fund Axis · Regular · Growth	★★★★☆	+2.96%	+6.61%	+5.41%	—	0.86%	₹431.63Cr
UTI - Gilt Fund UTI · Regular · Growth	★★★★★	+4.01%	+6.16%	+5.33%	—	0.85%	₹510.86Cr
UTI - Gilt Fund - Regular Plan - Discontinued PF Plan Prescribed Date Auto Redemption UTI · Regular · Discontinued · Growth	★★★★☆	+4.01%	+6.16%	+5.33%	—	—	₹7.59L
UTI - Gilt Fund - Regular Plan - Discontinued PF UTI · Regular · Discontinued · Growth	★★★★★	+4.01%	+6.16%	+5.33%	—	—	₹14.02Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt95.42%
Cash & Equivalents4.57%

Debt & cash (46)

bonds, treasury bills, CDs, commercial paper and cash

As on 31 Aug 2026 · AMC disclosure

Government Securities

16.38%

Government Securities

9.55%

Government Securities

8.80%

Government Securities

7.37%

State Government of Maharashtra

3.54%

State Government of Maharashtra

3.44%

State Government of Uttar Pradesh

3.09%

State Government of Maharashtra

2.95%

State Government of Telangana

2.71%

State Government of Maharashtra

2.59%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-13.7%02 Jan 2009 → 12 Mar 2009
Fell over 2 months, back to the old high on 10 Aug 2011 — 2.4 years under water after the low.
-12.4%27 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 18 Sep 2014 — 13 months under water after the low.
-6.9%24 Nov 2016 → 10 Mar 2017
Fell over 3 months, back to the old high on 08 Jun 2017 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹8,858Cr

April - June 2026

-4%

since January - March 2026

−₹406.58Cr

est. net flow, last quarter

At or near its largest, ₹9,264Cr 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

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

MBManish BanthiaStart date not disclosed

Role

Chief Investment Officer - Fixed Income

Education

Chartered Accountant, MBA and B.Com

Experience

Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.

Funds managed (24)

All schemes Manish Banthia runs →

RSRaunak SuranaStart date not disclosed

Role

Manager – Dealing

Total experience

Over 4 years

Education

Chartered Accountant and Chartered Financial Analyst (CFA)

Experience

Mr. Raunak Surana has been appointed in Debt DeaIing team of ICICI Prudential Management Company Limited w.e.f. June 13, 2022. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Support dealing and management team – June 2021 to June 2022.

Funds managed (2)

All schemes Raunak Surana runs →

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.

Explore from here

Fund managers

Manish Banthia Raunak Surana

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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 ICICI Prudential Gilt Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Gilt Fund is ₹106.82 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Gilt Fund delivered?

ICICI Prudential Gilt Fund has returned +2.85% over 1 year, +6.16% per year over 3 years, +5.78% per year over 5 years and +8.27% 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 ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund charges an expense ratio of 1.11% 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 ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund's largest holdings are Government Securities (16.4%), Government Securities (9.6%), Government Securities (8.8%), Government Securities (7.4%) and State Government of Maharashtra (3.5%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.4% and its worst peak-to-trough fall in our sample was -13.7%. 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 -0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Gilt Fund's -0.14 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund is benchmarked against the NIFTY All Duration G-Sec Index. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Gilt Fund?

ICICI Prudential Gilt Fund is managed by Manish Banthia and Raunak Surana at ICICI Prudential.

How is ICICI Prudential Gilt Fund taxed?

ICICI Prudential 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.