Returns as of: 3 November 2026
- ₹10,000 put in three years ago is worth ₹12,067 now
- 1-year return: 2.78%, lower than the category average of 2.80%
- 3-year return: 6.46% a year, higher than the category average of 6.13%
- Expense ratio (Direct plan): 0.58%, higher than the category average of 0.50%
- Assets: ₹9,118 crore at 30 September 2026
- Largest holding: 6.94% Government Securities, 21.22% of the fund; the top ten are 67.32%
- Volatility over three years: 2.47% a year
The ICICI Prudential Gilt Fund turned an investment of ₹10,000 into ₹12,067 over three years. Its 1-year return was 2.78% as of 3 November 2026. The expense ratio for this Debt – Gilt Fund was 0.58%. Total assets were ₹9,118 crore at 30 September 2026.
ICICI Prudential Gilt Fund: key details
| Fund house | ICICI Prudential Mutual Fund |
| Category | Debt – Gilt Fund |
| Benchmark | Nifty All Duration G-Sec Index |
| Expense ratio (Direct plan) | 0.58% |
| Assets | ₹9,118 crore (30 September 2026) |
| Minimum investment | ₹5,000 |
| Minimum SIP | ₹1,000 |
| Exit load | Nil |
| Fund managers | Manish Banthia, Raunak Surana |
ICICI Prudential Gilt Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 1.24% | – | – |
| 1 month | −0.35% | – | – |
| 3 months | −1.50% | – | – |
| 6 months | 1.85% | – | – |
| 1 year (a year) | 2.78% | 2.80% (26 funds) | 9 of 26 |
| 3 years (a year) | 6.46% | 6.13% (24 funds) | 6 of 24 |
| 5 years (a year) | 6.27% | – | – |
The 1-year return of 2.78% is lower than the category average of 2.80%. Over three years, the fund returned 6.46% a year. This figure is higher than the category average of 6.13% across 24 funds.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 9,062 |
| 31 May 2026 | 8,608 |
| 30 June 2026 | 8,785 |
| 31 July 2026 | 8,890 |
| 31 August 2026 | 7,950 |
| 30 September 2026 | 9,118 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 2.47% | 3.09% |
| Largest fall from a high (14 August 2026 to 27 October 2026) | −3.73% | −3.67% |
The fund recorded a volatility of 2.47% a year over the three years ending 3 November 2026. This is lower than the category median of 3.09%. The largest fall of the NAV was −3.73%, which is larger than the category median of −3.67%.
Portfolio: top holdings
| Holding | Sector | Weight | Value (₹ crore) |
|---|---|---|---|
| 6.94% Government Securities | – | 21.22% | 1,935 |
| 6.9% Government Securities | – | 14.11% | 1,287 |
| 7.34% Government Securities | – | 8.24% | 752 |
| 7.24% Government Securities | – | 6.80% | 620 |
| 7.63% Government Securities | – | 3.51% | 320 |
| 7.15% State Government of Maharashtra | – | 3.02% | 275 |
| 7.13% State Government of Maharashtra | – | 2.93% | 267 |
| 7.12% State Government of Uttar Pradesh | – | 2.65% | 242 |
| 7.16% State Government of Maharashtra | – | 2.51% | 229 |
| 7.76% State Government of Telangana | – | 2.32% | 212 |
| Type | Weight |
|---|---|
| Government Securities | 97.08% |
| Cash & Cash Equivalents and Net Assets | 2.92% |
The portfolio contained 49 securities at 30 September 2026. The ten largest holdings accounted for 67.32% of the fund. The largest holding was 6.94% Government Securities at 21.22% of the assets, worth ₹1,935 crore.
Objective
The scheme states its objective as follows.
To generate income primarily through investment in Gilts of various maturities. However, there can be
no assurance or guarantee that the investment objective of the Scheme would be achieved.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Manish Banthia | Associate Vice President -Investments | 5 Years |
| Raunak Surana | Fund Manager | 4 |
ICICI Prudential Gilt Fund: FAQs
What would ₹10,000 in the ICICI Prudential Gilt Fund be worth today?
₹10,000 put into the Direct Growth plan on 3 November 2023 would have been worth ₹12,067 on 3 November 2026. This is what happened over those three years, not a forecast.
What is the return of the ICICI Prudential Gilt Fund?
The Direct Growth plan returned 2.78% over one year to 3 November 2026, lower than the category average of 2.80%. Over three years it returned 6.46% a year.
What is the expense ratio of the ICICI Prudential Gilt Fund?
The expense ratio of the Direct plan is 0.58%; the average for 26 Direct plans in the category is 0.50%.
How large is the ICICI Prudential Gilt Fund?
Its assets were ₹9,118 crore at 30 September 2026.
What are the top holdings of the ICICI Prudential Gilt Fund?
At 30 September 2026 the largest holdings were 6.94% Government Securities (21.22%), 6.9% Government Securities (14.11%), 7.34% Government Securities (8.24%). The top ten made up 67.32% of the fund.
Who manages the ICICI Prudential Gilt Fund?
The fund is managed by Manish Banthia, Raunak Surana.
What is the minimum investment in the ICICI Prudential Gilt Fund?
The minimum investment is ₹5,000. The minimum SIP is ₹1,000.
What is the exit load of the ICICI Prudential Gilt Fund?
The scheme states its exit load as: Nil
What is the benchmark of the ICICI Prudential Gilt Fund?
The scheme’s benchmark is the Nifty All Duration G-Sec Index.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.