This is the Regular plan of Axis 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.
NAV history
Scorecard
★★★★☆4/5 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).
3Y CAGR +6.61% · ranks 2 of 26 Gilt Funds
Volatility 3.0% vs 3.1% category avg
0.9% expense vs 1.2% category avg
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 (+2.96%) beats the Gilt Fund average (+1.92%)
- 3-year return (+6.61%) beats the Gilt Fund average (+5.47%)
- 5-year return (+5.41%) beats the Gilt Fund average (+4.89%)
- Low expense ratio (0.86%) vs the Gilt Fund average of 1.20%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
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 | -0.42% | -0.44% | +0.02% |
| 3M abs | -1.34% | -1.15% | -0.19% |
| 6M abs | +4.02% | +3.81% | +0.21% |
| 1Y CAGR | +2.96% | +1.92% | +1.04% |
| 3Y CAGR | +6.61% | +5.47% | +1.14% |
| 5Y CAGR | +5.41% | +4.89% | +0.52% |
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
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 Axis 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 | +2.53% | |
| 2025 | +5.21% | |
| 2024 | +9.99% | |
| 2023 | +7.06% | |
| 2022 | +2.37% | |
| 2021 | +2.37% | |
| 2020 | +13.12% | |
| 2019 | +11.99% | |
| 2018 | +5.27% | |
| 2017 | +1.43% |
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- Debt96.81%
- Cash & Equivalents3.19%
Fund size over time
Quarterly average AUM · AMFIDown +29% from its peak of ₹608.07Cr 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
Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.
Fund Managers
DSDevang ShahStart date not disclosed
B. Com, ACA
Manager in the last 10 years management " 22 years, his last
- Axis Aggressive Hybrid Fund
- Axis Arbitrage Fund
- Axis Balanced Advantage Fund
- Axis Children's Fund
- Axis Conservative Hybrid Fund
- AXIS Corporate Bond Fund
- Axis Credit Risk Fund
- Axis Dynamic Term Fund
- Axis Income Plus Arbitrage Passive FOF
- Axis Liquid Fund
- Axis Long Term Fund
- Axis Money Market Fund
- Axis Multi Asset Allocation Fund
- Axis Short Term Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Dynamic Plan - Direct Plan - Growth Option
SJSachin JainStart date not disclosed
Fund Manager – Fixed Income
PGDM, B.TECH
Axis Asset Sep 4, 2020 Management - till date Company Ltd. (Fund Manager - Fixed Income) Axis Asset July 11, Management 2017 – Sep Company Ltd. 3, 2020 (Dealer - Fixed Income) Sundaram Asset June 3, Management 2013 – July Company Ltd. 10, 2017 (Trader – Fixed Income) ICAP Ltd. November 9, 2010 (Dealer – Fixed – Income) May 31, 2013 Sundhi Securities November 2, 2009 and Finance Ltd. – (Dealer – Fixed October 29, 2010 Income)
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
Axis 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.
Investors should avoid thinking of debt as a risk-free asset class: Devang Shah of Axis Mutual Fund explains why
Livemint · 8h ago
Moneycontrol Hosts Mutual Fund Summit In Delhi
Passionate In Marketing · 10h ago
Axis Pension Fund launches NPS Swasthya scheme for healthcare expenses
Fortune India · 4d ago
Axis Nifty Capital Markets Index Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC TV18 · 5d ago
Axis ELSS- Tax Saver Fund - Regular IDCW Payout
Alice Blue · 6d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
Livemint · 6d ago
4 new players to join SIF race
Cafemutual · 7d ago
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 Axis Gilt Fund?
As of 05 Oct 2026, the NAV of Axis Gilt Fund is ₹26.48 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Gilt Fund delivered?
Axis Gilt Fund has returned +2.96% over 1 year, +6.61% per year over 3 years, +5.41% per year over 5 years and +6.93% 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 Axis Gilt Fund?
Axis Gilt Fund charges an expense ratio of 0.86% 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 Axis Gilt Fund?
Axis Gilt Fund's largest holdings are 6.94% Government of India (11/05/2036) (41.8%), 7.24% Government of India (18/08/2055) (17.0%), 7.09% Government of India (05/08/2054) (6.9%), 7.86% Bihar State Development Loans (11/02/2039) (5.9%) and 7.71% Government of India (18/05/2066) (5.9%). Holdings are disclosed monthly and change over time.
How risky is Axis Gilt Fund?
Axis Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.0% and its worst peak-to-trough fall in our sample was -11.2%. 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 0.04 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Gilt Fund's 0.04 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Axis Gilt Fund?
Axis Gilt Fund is benchmarked against the CRISIL Dynamic Gilt Index. Its alpha and beta on this page are measured against that index.
Who manages Axis Gilt Fund?
Axis Gilt Fund is managed by Devang Shah and Sachin Jain at Axis.
How is Axis Gilt Fund taxed?
Axis 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.