MonitorDirect · GrowthWatch before adding
PGIM India Gilt Fund
PGIM India Mutual FundDebt Scheme - Gilt Fund10.6 years
The scheme aims to generate returns by investing in a portfolio of Central/State Government securities of various maturities.
- NAV
- 33.2175
- 29 Oct 2026
- 1Y
- +0.9%
- Trailing CAGR
- AUM
- ₹85.02 Cr
- 30 Sept 2026
- Volatility
- Low
- 2.8% 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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer HDFC Gilt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
10.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.53% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.2%. Ask whether you can hold through a similar fall.
Vs category
Fail
8% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Akhil Dhar · 0.7 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 ≈ 92.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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+0.9%
- 3Y+6.0%
- 5Y+5.4%
- 10Y+6.3%
- SI+7.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.2%
- 3Y+3.6%
- 5Y+5.1%
- 10Y+6.0%
- Since inception
- +7.0%
- Calendar-day CAGR
- Excess 1Y
- -1.1%
- Category median, same plan and option
- 3Y win rate
- +8%
- Windows beating the median
- 3Y percentile
- 30
- Vs comparable share classes
- SIP 3Y XIRR
- +3.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.3%
- 1852 daily-ending windows
- Median rolling 3Y
- +7.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1366 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.2%
- Worst peak-to-trough
- Current
- -2.0%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +76%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 8 days
- 221 recovered episodes
- Longest recovery
- 124 days
- Trough to prior peak
28 May 2025 – 18 Jun 2026
Trough 2 Apr 2026 · recovered in 77 days
-3.2%
9 Mar 2020 – 23 Apr 2020
Trough 19 Mar 2020 · recovered in 35 days
-2.9%
6 Dec 2016 – 25 May 2017
Trough 10 Mar 2017 · recovered in 76 days
-2.4%
14 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-2.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
30
Vs category
43
Consistency
26
Risk-adjusted
45
Drawdown
92
Mean
47
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 19 holdings · top 10 are 92.0%.
- Top 5
- 75.1%
- Top 10
- 92.0%
- Largest holding
- 31.2%
- Effective holdings
- 6.2
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
31.2%
Others CBLO
Unspecified
18.2%
CENTRAL GOVERNMENT LOAN 30581 GOI 12JL31 6.1 FV RS 100
Entities
11.4%
GOVERNMENT OF INDIA 36574 GOI 06OT35 6.48 FV RS 100
Entities
8.4%
GOVERNMENT OF INDIA 37642 091 DAYS TBILL 08OT26 FV RS 100
Financial
5.9%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HDFC Gilt Fund
HDFC Mutual Fund
- 1Y
- +2.0%
- 3Y
- +6.1%
- Vol
- 3.8%
- Max DD
- -11.9%
- Sharpe
- 0.36
- 3Y win
- +16%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Nippon India Gilt Fund
Nippon India Mutual Fund
- 1Y
- +2.2%
- 3Y
- +6.2%
- Vol
- 4.1%
- Max DD
- -11.8%
- Sharpe
- 0.62
- 3Y win
- +56%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
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%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Bandhan Gilt Fund
Bandhan Mutual Fund
- 1Y
- +7.2%
- 3Y
- +8.3%
- Vol
- 4.1%
- Max DD
- -7.1%
- Sharpe
- 0.67
- 3Y win
- +49%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
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%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER