Bandhan 10 year Constant Maturity Gilt Fund
This is the Direct plan of Bandhan 10 year Constant Maturity Gilt Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★★5/5 vs 5 10-year Constant Maturity 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 10-year Constant Maturity Gilt Fund (same plan and option).
Not enough 10-year Constant Maturity Gilt Fund peers to rank yet
Volatility 2.8% (no category average yet)
0.3% expense (no category average yet)
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
- 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 (10-year Constant Maturity Gilt Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -1.17% | — | — |
| 3M abs | -1.06% | — | — |
| 6M abs | +3.27% | — | — |
| 1Y CAGR | +3.54% | — | — |
| 3Y CAGR | +7.35% | — | — |
| 5Y CAGR | +5.65% | — | — |
Category average across peers in 10-year Constant Maturity Gilt Fund (up to 4 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.
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 Bandhan 10 year Constant Maturity 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 | +2.40% | |
| 2025 | +7.75% | |
| 2024 | +9.93% | |
| 2023 | +7.60% | |
| 2022 | +0.86% | |
| 2021 | +1.92% | |
| 2020 | +13.38% | |
| 2019 | +14.30% | |
| 2018 | +11.84% | |
| 2017 | +6.36% |
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- Debt94.75%
- Cash & Equivalents5.25%
AMC Profile
Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.
Fund Managers
HJHarshal JoshiManaging since 15 May 2017
Senior Vice President - Fund Management
PGDBM Senior Vice President – Fixed Income
He has been associated with Bandhan Multi Cap Fund - Debt portion, Bandhan AMC since December 2008 with Fixed Income Investment team. Prior to the same he was associated with ICAP India Pvt. Ltd. (2006 to 2007). Managing the Fund since September 15, 2015. (Total Experience – years)
- Bandhan 10 year Constant Maturity Gilt Fund
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- BANDHAN Arbitrage Fund
- Bandhan Business Cycle Fund
- BANDHAN CONSERVATIVE HYBRID FUND
- Bandhan Contra Fund
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEPTEMBER 2027 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2028 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX GILT JUNE 2027 INDEX FUND
- Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- BANDHAN EQUITY SAVINGS FUND
- BANDHAN FINANCIAL SERVICES FUND
- Bandhan Income Plus Arbitrage Fund of Funds (Formerly Known as Bandhan All Seasons Bond Fund)
- Bandhan Income Plus Arbitrage Fund of Funds (Formerly Known as Bandhan All Seasons Bond Fund)
- BANDHAN LIQUID Fund
- BANDHAN LIQUID Fund
- Bandhan Mid Cap Fund
- BANDHAN MULTI CAP FUND
- BANDHAN TRANSPORTATION AND LOGISTICS FUND
- Bandhan Ultra Short Term Fund
- Bandhan Ultra Short Term Fund
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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
Bandhan 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.
Bandhan Ultra Short to Short Term Fund Direct-IDCW Weekly
The Economic Times · 4d ago
Bandhan 10 year Constant Maturity Gilt Fund - Dir - Growth
ClearTax · 4d ago
Bandhan Mutual Fund raises EPL Ltd stake to 7.36% via open market buy
scanx.trade · 5d ago
Dalmia Bharat Refractories sells 11.1% stake in RHI Magnesita to Clarus Capital, Bandhan MF, SBI MF,...
Moneycontrol.com · 12d ago
Bandhan Small Cap Fund August portfolio: Cyient, P N Gadgil see higher holdings; 4 stocks added, 6 exited
Livemint · 18d ago
Bandhan Mutual Fund raises Mastek stake to 5.05% via open market buy
scanx.trade · 20d ago
Bandhan Mutual Fund raises Cyient stake to 5.03% via open market
scanx.trade · 28d ago
Bandhan Mutual Fund Buys 58.65 Lakh EPL Shares, Raises Stake To 5.3%
NDTV Profit · 03 Sep 2026
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.
From the blog
Frequently asked questions
What is the NAV of Bandhan 10 year Constant Maturity Gilt Fund?
As of 01 Oct 2026, the NAV of Bandhan 10 year Constant Maturity Gilt Fund is ₹48.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Bandhan 10 year Constant Maturity Gilt Fund delivered?
Bandhan 10 year Constant Maturity Gilt Fund has returned +3.54% over 1 year, +7.35% per year over 3 years, +5.65% per year over 5 years and +8.57% 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 Bandhan 10 year Constant Maturity Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund charges an expense ratio of 0.26% 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 Bandhan 10 year Constant Maturity Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund's largest holdings are 6.94% GOI (MD 11/05/2036) (66.6%), 6.68% GOI (MD 07/07/2040) (19.8%), 7.49% Karnataka SDL (MD 04/02/2035) (6.1%), 7.1% GOI (MD 08/04/2034) (1.7%) and 7.18% GOI (MD 14/08/2033) (0.3%). Holdings are disclosed monthly and change over time.
How risky is Bandhan 10 year Constant Maturity Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.8% and its worst peak-to-trough fall in our sample was -5.0%. 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 0.30 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan 10 year Constant Maturity Gilt Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Bandhan 10 year Constant Maturity Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund is benchmarked against the CRISIL 10 year Gilt Index. Its alpha and beta on this page are measured against that index.
Who manages Bandhan 10 year Constant Maturity Gilt Fund?
Bandhan 10 year Constant Maturity Gilt Fund is managed by Harshal Joshi at Bandhan.
How is Bandhan 10 year Constant Maturity Gilt Fund taxed?
Bandhan 10 year Constant Maturity 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.