MonitorDirect · GrowthWatch before adding
quant Gilt Fund
quant Mutual FundDebt Scheme - Gilt Fund3.9 years
The scheme seeks to generate returns through investments in sovereign securities issued by the Central Government and/or State Government. However, there can be no assurance that the investment objective of the Scheme will be realized.
- NAV
- 12.4274
- 29 Oct 2026
- 1Y
- +1.9%
- Trailing CAGR
- AUM
- ₹73.11 Cr
- 30 Sept 2026
- Volatility
- Low
- 2.0% 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 Bandhan Gilt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
3.9 years - usable, still building a track record.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.40% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.2%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Haroonvardhan Sirohi · 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 ≈ 97.7% 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+1.9%
- 3Y+5.6%
- 5Yn/a
- 10Yn/a
- SI+5.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.4%
- 3Y+3.9%
- 5Yn/a
- 10Yn/a
- Since inception
- +5.8%
- Calendar-day CAGR
- Excess 1Y
- +0.2%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 20
- Vs comparable share classes
- SIP 3Y XIRR
- +3.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.5%
- 207 daily-ending windows
- Median rolling 3Y
- +6.2%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.2%
- Worst peak-to-trough
- Current
- -1.8%
- Below last peak
- Current spell
- 77 days
- Days below latest peak
- Time below peak
- +63%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 98 recovered episodes
- Longest recovery
- 157 days
- Trough to prior peak
28 May 2025 – 5 Feb 2026
Trough 1 Sept 2025 · recovered in 157 days
-2.2%
11 Mar 2026 – 9 Jun 2026
Trough 2 Apr 2026 · recovered in 68 days
-2.0%
13 Aug 2026 – open
Trough 28 Oct 2026 · not recovered
-1.9%
21 Sept 2023 – 7 Nov 2023
Trough 10 Oct 2023 · recovered in 28 days
-0.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
20
Vs category
51
Consistency
18
Risk-adjusted
24
Drawdown
94
Mean
42
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
- Three-year return sits below the 25th percentile of comparable share classes.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 12 holdings · top 10 are 97.7%.
- Top 5
- 69.7%
- Top 10
- 97.7%
- Largest holding
- 20.1%
- Effective holdings
- 8.1
GOVERNMENT OF INDIA 37080 GOI 16FB31 6.36 FV RS 100
Entities
20.1%
Repo
Unspecified
17.0%
STATE DEVELOPMENT LOAN 32424 KAR 21DC34 7.68 FV RS 100
Unspecified
13.6%
STATE DEVELOPMENT LOAN 33398 MH 13SP33 7.46 FV RS 100
Unspecified
10.3%
STATE DEVELOPMENT LOAN 34252 TN 24AP34 7.49 FV RS 100
Unspecified
8.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
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
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
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
ICICI Prudential Gilt Fund
ICICI Prudential Mutual Fund
- 1Y
- +1.7%
- 3Y
- +6.2%
- Vol
- 4.4%
- Max DD
- -12.3%
- Sharpe
- 0.52
- 3Y win
- +71%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
JM G-Sec Fund - (Direct)
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.1%
- Vol
- 4.6%
- Max DD
- -6.5%
- Sharpe
- 0.60
- 3Y win
- +4%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown