DebtGilt FundRegularIDCWModerate

Franklin India Gilt Fund

Q: What is the NAV of Franklin India Gilt Fund?

As of 01 Oct 2026, the NAV of Franklin India Gilt Fund is ₹10.60 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Gilt Fund delivered?

Franklin India Gilt Fund has returned -0.43% over 1 year, +1.28% per year over 3 years, +0.60% per year over 5 years and -0.15% 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 Franklin India Gilt Fund?

Franklin India Gilt Fund charges an expense ratio of 1.22% 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 Franklin India Gilt Fund?

Franklin India Gilt Fund's largest holdings are 7.66% Maharashtra SDL (04-Mar-2047) (21.1%), 7.02% Punjab SDL (01-Jul-2030) (13.7%), 7.73% Andhra Pradesh SDL (23-Mar-2032) (10.7%), 7.62% Punjab SDL (28-Jan-2033) (10.3%) and 182 DTB (15-Oct-2026) (10.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Gilt Fund?

Franklin India Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.3% and its worst peak-to-trough fall in our sample was -22.5%. 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 -1.61 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Gilt Fund's -1.61 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Franklin India Gilt Fund?

Franklin India 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 Franklin India Gilt Fund?

Franklin India Gilt Fund is managed by Anuj Tagra and Rahul Goswami at Franklin Templeton.

Q: How is Franklin India Gilt Fund taxed?

Franklin India 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.

Franklin Templeton Mutual Fund · Best Gilt Mutual Funds

NAV

₹10.60

+0.07% 1D

as of 01 Oct 2026

This is the Regular plan of Franklin India Gilt Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed quarterly, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

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 (+5.86% 3Y CAGR)

NAV history

-0.16%CAGR

52-week rangePrev NAV ₹10.59

Latest ₹10.60

Low ₹10.3653rd percentile of its 52-week rangeHigh ₹10.81

Scorecard

Not rated

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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Gilt Fund peers to rank yet

Risk—

Volatility 3.3% (no category average yet)

Cost—

1.2% expense (no category average yet)

ConsistencyLow

43% 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 43% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.22%

Category —

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

—

Category —

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

-1.61

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

₹500

Smallest one-time (lumpsum) investment the scheme accepts

—

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.

03 Apr 2006

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.60%

Absolute return over the last 3 months (not annualized)

-0.90%

Absolute return over the last 6 months (not annualized)

+1.70%

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

-0.44%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.43%

3-year annualized return (CAGR)

+1.28%

5-year annualized return (CAGR)

+0.60%

10-year annualized return (CAGR)

-1.18%

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.

-0.15%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

3.25%

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

-1.61

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

-1.81

Largest peak-to-trough decline over full history

-22.52%

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	-1.60%	—	—
3M abs	-0.90%	—	—
6M abs	+1.70%	—	—
1Y CAGR	-0.43%	—	—
3Y CAGR	+1.28%	—	—
5Y CAGR	+0.60%	—	—

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.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.11L

Absolute

+1.79%

XIRR

+0.72%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India 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	-0.44%
2025	+0.29%
2024	+3.26%
2023	+1.89%
2022	-0.29%
2021	-5.62%
2020	+0.12%
2019	-0.20%
2018	-3.40%
2017	-7.32%

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

4,950

Expense ratio

1.22%

YTM (from holdings)

7.35%

Average maturity

7.94 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


Franklin India Gilt FundThis fund Franklin Templeton · Regular · Quarterly IDCW	—	-0.43%	+1.28%	+0.60%	—	1.22%	—
Bandhan Gilt Fund Bandhan · Regular · Periodic IDCW	—	+6.76%	+7.37%	+5.76%	—	—	₹8.93L
Bandhan Gilt Fund Bandhan · Regular · IDCW	—	+6.76%	+7.37%	+5.76%	—	1.20%	₹1,970Cr
UTI - Gilt Fund - Regular Plan - Discontinued PF UTI · Regular · Discontinued · IDCW	—	+4.10%	+6.17%	+5.19%	—	—	₹14.02Cr
SBI Gilt Fund SBI · Regular · IDCW	—	+2.94%	+6.04%	+5.68%	—	1.00%	₹8,746Cr
SBI Gilt Fund SBI · Regular · IDCW	—	+2.94%	+6.04%	+4.93%	—	1.00%	₹8,746Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt85.87%
Cash & Equivalents14.13%

Debt & cash (14)

bonds, treasury bills, CDs, commercial paper and cash

As on 31 Aug 2026 · AMC disclosure

7.66% Maharashtra SDL (04-Mar-2047)

21.07%

7.02% Punjab SDL (01-Jul-2030)

13.65%

7.73% Andhra Pradesh SDL (23-Mar-2032)

10.68%

7.62% Punjab SDL (28-Jan-2033)

10.30%

182 DTB (15-Oct-2026)

10.13%

7.86% Haryana SDL (29-Jun-2032)

7.04%

7.17% Rajasthan SDL (02-Mar-2032)

3.48%

7.56% Kerala SDL (08-Jul-2039)

3.46%

7.65% Bihar SDL (24-Dec-2033)

2.17%

7.56% Himachal Pradesh SDL (08-Jul-2039)

2.03%

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.

-22.5%24 Nov 2016 → 07 Jun 2022
Still below that high — 5.5 years down, and no recovery yet.
-17.4%18 Dec 2008 → 19 Aug 2013
Fell over 4.7 years, back to the old high on 11 Aug 2016 — 3.0 years under water after the low.
-7.7%26 Sep 2006 → 29 Sep 2008
Fell over 2.0 years, back to the old high on 08 Dec 2008 — 2 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.

AMC Profile

Franklin Templeton Mutual Fund is the Indian arm of Franklin Resources, the US manager, and has operated here since 1996. In April 2020 it wound up six of its Indian debt schemes — the largest such closure the industry has seen — and returned the money to unitholders over the following years.

Launched

18 Feb 1996

Total AUM

₹1,26,017Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

franklintempletonindia.com

Fund Managers

ATAnuj TagraManaging since 07 Mar 2024

Role

Vice President- Portfolio Manager, Fixed Income

Education

BBA (Finance) MBA (Capital Markets) PGeMBA – Mumbai Education Trust (Finance) Master’s in commerce – RA Podar College, Mumbai University Bachelor’s in management studies – VES College, Mumbai University.

Experience

Vice President & Income • ICICI Prudential Asset Management Company Ltd. - AVP-Fund Manager, Fixed Income (Feb 2013 - Feb 2024). • Union Bank of India – Trader - GILTS & OIS (Jun 2009 – Feb 2013) • Fidelity International- CSA – New Accounts, Associate (Jan 2005 – May 2007) AVP & Senior Research Analyst

Funds managed (16)

All schemes Anuj Tagra runs →

RGRahul GoswamiManaging since 06 Oct 2023

Role

Chief Investment Officer Managing Director Fixed Income

Total experience

30 years

Education

BSc. (Mathematics), MBA (Finance)

Experience

Chief Investment Officer & Managing Director – Fixed Income • ICICI Prudential Asset Management Co. Ltd - Chief Investment Officer- Fixed Income (Sep 2012 - Jul 2023) • Standard Chartered Bank – Head – Primary Dealer (Nov 2009 -Sep 2012) • ICICI Prudential Asset Management Co. Ltd – Sr. Fund Manager (Jul 2004- Nov 2009) Franklin Templeton Asset Management Co. (I) Pvt. Ltd - Asst. Vice President – Fixed Income (Oct 2002- Jul 2004) Vice President & Sr Research Analyst

Funds managed (9)

All schemes Rahul Goswami runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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

Anuj Tagra Rahul Goswami

Franklin Templeton 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 Franklin India Gilt Fund?

As of 01 Oct 2026, the NAV of Franklin India Gilt Fund is ₹10.60 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Gilt Fund delivered?

Franklin India Gilt Fund has returned -0.43% over 1 year, +1.28% per year over 3 years, +0.60% per year over 5 years and -0.15% 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 Franklin India Gilt Fund?

Franklin India Gilt Fund charges an expense ratio of 1.22% 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 Franklin India Gilt Fund?

Franklin India Gilt Fund's largest holdings are 7.66% Maharashtra SDL (04-Mar-2047) (21.1%), 7.02% Punjab SDL (01-Jul-2030) (13.7%), 7.73% Andhra Pradesh SDL (23-Mar-2032) (10.7%), 7.62% Punjab SDL (28-Jan-2033) (10.3%) and 182 DTB (15-Oct-2026) (10.1%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Gilt Fund?

Franklin India Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.3% and its worst peak-to-trough fall in our sample was -22.5%. 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 -1.61 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Gilt Fund's -1.61 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Franklin India Gilt Fund?

Franklin India 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 Franklin India Gilt Fund?

Franklin India Gilt Fund is managed by Anuj Tagra and Rahul Goswami at Franklin Templeton.

How is Franklin India Gilt Fund taxed?

Franklin India 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.