Debt10-year Constant Maturity Gilt FundDirectIDCWModerate

Bandhan 10 year Constant Maturity Gilt Fund

Q: 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 ₹14.51 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: 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 +3.13% 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 Bandhan 10 year Constant Maturity Gilt Fund?

Bandhan 10 year Constant Maturity Gilt Fund charges an expense ratio of 0.49% 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 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.

Q: 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 -41.4%. 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 0.30 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.

Q: 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.

Q: Who manages Bandhan 10 year Constant Maturity Gilt Fund?

Bandhan 10 year Constant Maturity Gilt Fund is managed by Harshal Joshi at Bandhan.

Q: 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.

Bandhan Mutual Fund

NAV

₹14.51

-0.16% 1D

as of 01 Oct 2026

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 distributed periodically, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

NAV history

+3.98%CAGR

52-week rangePrev NAV ₹14.53

Latest ₹14.51

Low ₹13.9564th percentile of its 52-week rangeHigh ₹14.83

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 10-year Constant Maturity Gilt Fund peers to rank yet

Risk—

Volatility 2.8% (no category average yet)

Cost—

0.5% expense (no category average yet)

ConsistencyLow

67% 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 67% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.49%

Category —

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

—

Category —

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

0.30

Category —

Scheme Info

Definitions

Plan

Direct · 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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

CRISIL 10 year Gilt 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.

16 Sep 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.17%

Absolute return over the last 3 months (not annualized)

-1.06%

Absolute return over the last 6 months (not annualized)

+3.27%

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

+2.40%

Annualized returns (≥1Y — CAGR)

Definitions

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

+3.54%

3-year annualized return (CAGR)

+7.35%

5-year annualized return (CAGR)

+5.65%

10-year annualized return (CAGR)

+1.69%

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.

+3.13%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.84%

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

0.30

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

0.43

Largest peak-to-trough decline over full history

-41.41%

Benchmark ratios

Not shown for 10-year Constant Maturity 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 (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, 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

₹7.04L

Absolute

+17.33%

XIRR

+6.53%

Value vs. invested

ValueInvested

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	+0.85%
2021	-5.23%
2020	-31.93%
2019	+14.29%
2018	+11.83%
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.

History points

2,919

Expense ratio

0.49%

YTM (from holdings)

7.06%

Average maturity

10.05 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 · 10-year Constant Maturity Gilt Fund

Compare all


Bandhan 10 year Constant Maturity Gilt FundThis fund Bandhan · Direct · Periodic IDCW	—	+3.54%	+7.35%	+5.65%	—	—	—
SBI 10 Year Constant Maturity Gilt Fund SBI · Direct · IDCW	—	+2.50%	+6.67%	+5.55%	—	0.32%	—
UTI 10 year Constant Maturity Gilt Fund UTI · Direct · Discontinued · Quarterly IDCW	—	+2.39%	+6.64%	—	—	0.33%	—
UTI 10 year Constant Maturity Gilt Fund UTI · Direct · Discontinued · Flexi IDCW	—	+2.39%	+6.64%	—	—	—	—
UTI 10 year Constant Maturity Gilt Fund UTI · Direct · Annual IDCW	—	-0.22%	+2.46%	—	—	0.33%	—
ICICI Prudential 10 year Constant Maturity Gilt Fund ICICI Prudential · Direct · Quarterly IDCW	—	-1.40%	+1.33%	+0.78%	—	0.29%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt94.75%
Cash & Equivalents5.25%

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.

-41.4%09 Mar 2020 → 09 Apr 2020
Still below that high — 31 days down, and no recovery yet.

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

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.

Launched

19 Dec 1999

Total AUM

₹2,04,046Cr+4.5% QoQ

Avg AUM · April - June 2026

Website

bandhanmutual.com

Fund Managers

HJHarshal JoshiManaging since 15 May 2017

Role

Senior Vice President - Fund Management

Education

PGDBM Senior Vice President – Fixed Income

Experience

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)

Funds managed (25)

All schemes Harshal Joshi runs →

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

Fund managers

Harshal Joshi

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.

Run SIP calculator Add to compare

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 Bandhan 10 year Constant Maturity Gilt Fund?

As of 01 Oct 2026, the NAV of Bandhan 10 year Constant Maturity Gilt Fund is ₹14.51 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 +3.13% 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 0.49% 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 -41.4%. 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.