HealthyDirect · GrowthFit for a long SIP
Nippon India Gilt Fund
Nippon India Mutual FundDebt Scheme - Gilt Fund13.8 years
The scheme aims to generate optimal credit risk-free returns by investing in a portfolio of securities, issued and guaranteed by the Central and State Government.
- NAV
- 43.9577
- 29 Oct 2026
- 1Y
- +2.2%
- Trailing CAGR
- AUM
- ₹1,486.62 Cr
- 30 Sept 2026
- Volatility
- Low
- 4.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 56% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.52% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -11.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
56% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Amber Singhania · 0.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 62.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.2%
- 3Y+6.2%
- 5Y+5.5%
- 10Y+7.2%
- SI+8.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.2%
- 3Y+4.0%
- 5Y+5.3%
- 10Y+6.4%
- Since inception
- +8.4%
- Calendar-day CAGR
- Excess 1Y
- +0.4%
- Category median, same plan and option
- 3Y win rate
- +56%
- Windows beating the median
- 3Y percentile
- 50
- Vs comparable share classes
- SIP 3Y XIRR
- +4.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.0%
- 2619 daily-ending windows
- Median rolling 3Y
- +9.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2136 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -11.8%
- Worst peak-to-trough
- Current
- -2.1%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +79%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 241 recovered episodes
- Longest recovery
- 293 days
- Trough to prior peak
4 Jun 2013 – 29 May 2014
Trough 19 Aug 2013 · recovered in 283 days
-11.8%
24 Nov 2016 – 1 Jun 2017
Trough 10 Mar 2017 · recovered in 83 days
-4.0%
28 May 2025 – 15 Jun 2026
Trough 26 Aug 2025 · recovered in 293 days
-3.7%
6 Sept 2017 – 4 Apr 2018
Trough 22 Feb 2018 · recovered in 41 days
-3.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
50
Vs category
53
Consistency
60
Risk-adjusted
56
Drawdown
71
Mean
58
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 56% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 44 holdings · top 10 are 62.8%.
- Top 5
- 40.2%
- Top 10
- 62.8%
- Largest holding
- 11.4%
- Effective holdings
- 18.9
Repo
Unspecified
11.4%
GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100
Entities
9.2%
GOVERNMENT OF INDIA 36814 364 DAYS TBILL 10DC26 FV RS 100
Financial
6.7%
GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100
Financial
6.7%
GOVERNMENT OF INDIA 33002 GOI 12JU63 7.25 FV RS 100
Entities
6.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
SBI GILT FUND
SBI Mutual Fund
- 1Y
- +3.2%
- 3Y
- +6.6%
- Vol
- 4.0%
- Max DD
- -9.5%
- Sharpe
- 0.69
- 3Y win
- +87%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
DSP Gilt Fund
DSP Mutual Fund
- 1Y
- +1.5%
- 3Y
- +6.4%
- Vol
- 3.9%
- Max DD
- -7.6%
- Sharpe
- 0.47
- 3Y win
- +68%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
JM G-Sec Fund - (Direct) Annual
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.73
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
JM G-Sec Fund - (Direct) Half Yearly
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.73
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
JM G-Sec Fund - Annual
JM Financial Asset Management Limited
- 1Y
- +12.2%
- 3Y
- +6.4%
- Vol
- 4.4%
- Max DD
- -5.6%
- Sharpe
- 0.55
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility