SBI 10 Year Constant Maturity Gilt Fund
This is the Direct plan of SBI 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
★★★☆☆3/5 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 | -1.41% | — | — |
| 6M abs | +3.07% | — | — |
| 1Y CAGR | +2.33% | — | — |
| 3Y CAGR | +6.66% | — | — |
| 5Y CAGR | +5.56% | — | — |
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 SBI 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 | +1.49% | |
| 2025 | +7.04% | |
| 2024 | +9.51% | |
| 2023 | +7.84% | |
| 2022 | +1.64% | |
| 2021 | +2.72% | |
| 2020 | +11.97% | |
| 2019 | +12.23% | |
| 2018 | +10.30% | |
| 2017 | +6.54% |
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- Debt97.50%
- Cash & Equivalents2.50%
AMC Profile
SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.
Fund Managers
SASudhir AgrawalStart date not disclosed
Fund Manager
M.Com., PGDBA, CFA
Mr. Sudhir Agrawal joined SBIFML on May 05, 2025. He has an overall 19 years of experience in the area of financial services. Prior to joining SBIFML, he was associated with following entities wherein he was primarily involved in Fund Management / Financial analysis: • UTI Asset Management Company Limited - (July 2009 to April 2025) • Tata Asset Management Company Limited - (November 2007 to June 2009) • Transparent Value LLC - (January 2006 to October 2007) • CARE Limited - (May 2005 to December 2005) He is also managing SBI Magnum Low Duration Fund, SBI Dynamic Bond Fund, SBI Magnum Gilt Fund, SBI Magnum Ultra Short Duration Fund and
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 SBI 10 Year Constant Maturity Gilt Fund?
As of 05 Oct 2026, the NAV of SBI 10 Year Constant Maturity Gilt Fund is ₹68.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has SBI 10 Year Constant Maturity Gilt Fund delivered?
SBI 10 Year Constant Maturity Gilt Fund has returned +2.33% over 1 year, +6.66% per year over 3 years, +5.56% per year over 5 years and +8.34% 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 SBI 10 Year Constant Maturity Gilt Fund?
SBI 10 Year Constant Maturity Gilt Fund charges an expense ratio of 0.32% 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 SBI 10 Year Constant Maturity Gilt Fund?
SBI 10 Year Constant Maturity Gilt Fund's largest holdings are 6.94% CGL 2036 (51.0%), 6.48% CGL 2035 (24.8%), 7.18% CGL 2037 (15.2%) and 6.79% CGL 2034 (6.5%). Holdings are disclosed monthly and change over time.
How risky is SBI 10 Year Constant Maturity Gilt Fund?
SBI 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 -4.5%. 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 0.06 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI 10 Year Constant Maturity Gilt Fund's 0.06 means it has rewarded its volatility with excess return. Higher is better.
Who manages SBI 10 Year Constant Maturity Gilt Fund?
SBI 10 Year Constant Maturity Gilt Fund is managed by Sudhir Agrawal at SBI.
How is SBI 10 Year Constant Maturity Gilt Fund taxed?
SBI 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.