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SBI Mutual Fund

SBI 10 Year Constant Maturity Gilt Fund

SBI Mutual Fund · Direct plan · Growth

3-year returns
6.9%
a year
NAV
₹69.02
▼ 0.04% · 18 Sept 2026
Fund size
₹1,605 Cr
Expense ratio
0.32%
a year
Minimum SIP
₹500

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹66.13 and has returned 6.53% a year over 3 years.

Returns, and where it stands

Against the average gilt fund with 10-year constant duration, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year3.5%3.6%behind3 of 5
3 years6.9%6.9%behind3 of 5
5 years5.7%5.5%ahead3 of 4
10 years7.6%7.3%ahead2 of 4
Every period, and the Regular plan →
PeriodDirectRegular
1 month-1%-1.1%
3 months0.4%0.3%
6 months1.4%1.3%
1 year3.5%3.2%
2 yearsp.a.5.5%5.2%
3 yearsp.a.6.9%6.5%
5 yearsp.a.5.7%5.3%
7 yearsp.a.6.3%5.9%
10 yearsp.a.7.6%7.3%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Sept 2016.

Plan

NAV history

▲ 3.52% in the last 1Y

66.568.270.018 Sept 202518 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹1,80,000
Gain
₹16,027
XIRR (per year)
5.63%
Value today
₹1,96,027

36 monthly instalments from 22 Sept 2023, valued at the latest NAV. Past returns do not guarantee future returns.

What this fund holds

As on 31 August 2026

  • Debt97.5%
  • Cash2.5%

Top holdings

The ten largest holdings and their share of the fund
6.94% CGL 2036Sovereign51%
6.48% CGL 2035Sovereign24.8%
7.18% CGL 2037Sovereign15.2%
6.79% CGL 2034Sovereign6.5%

From the monthly portfolio SBI Mutual Fund publishes for this scheme, as required by SEBI. Cash covers bank balances, treasury bills lent overnight and money due to the scheme, which carry no ISIN and so are shown as the remainder.Original disclosure

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
2.8% a year
about the same as the gilt fund with 10-year constant duration average
Worst fall so far
−4.5%
Dec 2021 to Jun 2022, against −4.5% for the category.
Years that made money
98%
Of every one-year stretch it has been through.
Over any three years
3.4% to 11.6%
A year, at worst and at best. Typically 7.7%.

Fund details

Minimum lumpsum
₹5,000
Minimum top-up
₹1,000
Lock-in
None
Plan started
1 Jan 2013
Expense ratio
0.32%
as of 31 Jul 2026

Managed by Sudhir Agarwal

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

SBI 10 Year Constant Maturity Gilt Fund against other funds in the Gilt Fund with 10-year Constant Duration category
Fund1Y3Y5YExpenseFund size
Bandhan 10 Year Constant Maturity Gilt Fund4.63%7.55%5.77%0.26%₹293 Cr
Bandhan 10 Year Constant Maturity Gilt Fund4.4%7.31%5.57%
ICICI Prudential 10 Year Constant Maturity Gilt Fund4.23%7.2%5.77%0.26%₹2,012 Cr
SBI 10 Year Constant Maturity Gilt Fund3.52%6.87%5.66%0.32%₹1,605 Cr
UTI 10 Year Constant Maturity Gilt Fund3.47%6.84%0.32%₹112 Cr
DSP 10 Year Constant Maturity Gilt Fund2.14%6.2%4.92%0.31%₹43 Cr

About SBI 10 Year Constant Maturity Gilt Fund

SBI 10 Year Constant Maturity Gilt Fund is a gilt fund with 10-year constant duration managed by SBI Mutual Fund. Invest at least 80% in government securities while keeping the portfolio maturity at about 10 years.

To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.

The scheme's stated objective, as published by SBI Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹69.0198120137
DirectIDCW₹22.4511120136
RegularGrowth₹66.1265101002
RegularIDCW₹21.5066101003

Frequently asked questions

What is the NAV of SBI 10 Year Constant Maturity Gilt Fund today?

The NAV of SBI 10 Year Constant Maturity Gilt Fund (Direct plan, Growth) is ₹69.0198 and the Regular plan NAV is ₹66.1265, as of 18 Sept 2026.

What returns has SBI 10 Year Constant Maturity Gilt Fund given?

Over the last year the Direct plan returned 3.52%, and 6.87% a year over 3 years and 5.66% a year over 5 years. That places it 3 of 5 funds in its category over 3 years. Past returns do not guarantee future returns.

What is the expense ratio of SBI 10 Year Constant Maturity Gilt Fund?

The Direct plan charges 0.32% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in SBI 10 Year Constant Maturity Gilt Fund?

You can start a monthly SIP with ₹500, or invest a lump sum of ₹5,000 or more.

How much has SBI 10 Year Constant Maturity Gilt Fund fallen in the past?

Its deepest fall was 4.5% from 14 Dec 2021 to 13 Jun 2022. Of every one-year stretch in its history, 98% ended in a gain.

What does SBI 10 Year Constant Maturity Gilt Fund invest in?

As on 31 Aug 2026 it held 4 positions, the largest being 6.94% CGL 2036 (51%), 6.48% CGL 2035 (24.8%), 7.18% CGL 2037 (15.2%). Portfolios change every month.

Which category does SBI 10 Year Constant Maturity Gilt Fund belong to?

It is a Gilt Fund with 10-year Constant Duration from SBI Mutual Fund. Invest at least 80% in government securities while keeping the portfolio maturity at about 10 years.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from SBI 10 Year Constant Maturity Gilt Fund taxed?

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.