DSP 10 year Constant Maturity Gilt Fund
DSP Mutual Fund · Gilt 10Y Constant · Regular plan, growth option
NAV (₹), 1 Oct 2026
22.1764
1-day change
-0.16%
1Y return
1.0%
3Y CAGR
5.8%
5Y CAGR
4.6%
Max drawdown, 5Y
−5.3%
NAV history month-end NAV, ₹ · 29 Sep 2014 to 1 Oct 2026
Returns vs Gilt 10Y Constant median (5 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -1.1% | -1.2% |
| 3 months | -1.4% | -1.3% |
| 6 months | 1.8% | 2.3% |
| Year to date | 0.4% | 1.2% |
| 1 year | 1.0% | 2.2% |
| 3 years (CAGR) | 5.8% | 6.3% |
| 5 years (CAGR) | 4.6% | 5.3% |
| 7 years (CAGR) | 5.2% | 6.0% |
| 10 years (CAGR) | 5.8% | 7.1% |
| Since first NAV (CAGR) | 6.9% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.5% | 8.1% |
| 3Y rolling median | 6.9% | 8.0% |
| 3Y rolling worst | 2.1% | 3.1% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 6.1% | 7.8% |
| 5Y rolling worst | 4.1% | 4.7% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 2.9% | 3.1% |
| Sharpe ratio | -0.19 | -0.01 |
| Sortino ratio | -0.25 | -0.02 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −5.7% | −5.1% |
| Maximum drawdown, last 10Y | −5.7% | −4.9% |
| Maximum drawdown, last 5Y | −5.3% | −4.8% |
| Current drawdown | −2.2% | −2.2% |
| Recovery time of worst fall | 233 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +2.2% · 3Y +6.3% p.a. · 5Y +5.2% p.a. (index fund NAV, after costs)
- −2.2% from its 52-week high (proxy NAV)
6.78%
1 Jul 2026 · +0.43 pp in a year · 5Y average 6.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.51% a year and the Direct plan's 0.31%, a gap of 0.20%; over the last 3 years the Direct plan returned 0.22 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹5,26,993.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Shantanu Godambe | Primary | 1 Jul 2023 |
Objective: The investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio of Government Securities such that the Macaulay duration of the portfolio is similar to the 10 Year benchmark government security. (Please refer page no. 33 under the section “Where will the Scheme invest” for details on Macaulay’s Duration). There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: 1. Government Securities such that the Macaulay duration of the portfolio is equal to 10 years: 80% - 100%. 2. TREPs/repo or any other alternatives as may be provided by RBI: 0% - 20% For detailed asset allocation pattern, please refer to the Scheme Information Document
Benchmark (tier 1): CRISIL 10 Year Gilt Index
Minimum application: ₹100
Allotment date: 26 Sep 2014
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.51% | 0.51% |
| AUM, whole scheme (₹ crore) | 37 | 285 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 1.6% | 1.3% TRI |
| Return, 3 years (AMFI) | 5.8% | 6.2% TRI |
| Return, 5 years (AMFI) | 4.6% | 4.9% TRI |
| Month-ends above category median (3Y CAGR) | 0% | 0% median |
| Month-ends in category top quartile (3Y) | 0% | 0% median |
| 7Y rolling CAGR, median (monthly windows) | 6.5% | 8.2% median |
Official benchmark: CRISIL 10 Year Gilt Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Gilt 10Y Constant Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 0.4% | n/a | – |
| 2025 | 6.2% | n/a | – |
| 2024 | 9.0% | n/a | – |
| 2023 | 7.7% | n/a | – |
| 2022 | 0.1% | n/a | – |
| 2021 | 0.7% | n/a | – |
| 2020 | 11.8% | n/a | – |
| 2019 | 10.8% | n/a | – |
| 2018 | 5.9% | n/a | – |
| 2017 | 2.3% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,20,369 | 0.6% |
| 3 years | ₹3,60,000 | ₹3,82,352 | 4.0% |
| 5 years | ₹6,00,000 | ₹6,82,410 | 5.1% |
| 10 years | ₹12,00,000 | ₹15,82,125 | 5.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: DSP Mutual Fund
Category: Gilt 10Y Constant
Plan / option: Regular · Growth
AMFI scheme code: 131297
ISIN: INF740K012I0
First NAV in MFIC data: 29 Sep 2014
History: 12.0 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| UTI 10 year Constant Maturity Gilt Fund | Gilt 10Y Constant | 0.99 | 6.2% |
| SBI 10 YEAR CONSTANT MATURITY GILT FUND | Gilt 10Y Constant | 0.99 | 6.3% |
| ICICI Prudential 10 year Constant Maturity Gilt Fund | Gilt 10Y Constant | 0.99 | 6.9% |
| Bandhan 10 year Constant Maturity Gilt Fund | Gilt 10Y Constant | 0.98 | 7.1% |
| JM Medium to Long Term Fund | Medium to Long Duration | 0.98 | 5.9% |
| Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund | Debt Index Fund | 0.97 | 6.8% |
Questions about DSP 10 year Constant Maturity Gilt Fund
- What is the latest NAV of DSP 10 year Constant Maturity Gilt Fund?
- The NAV of the Regular plan (growth option) was ₹22.1764 on 1 Oct 2026, as published by AMFI.
- Which category is DSP 10 year Constant Maturity Gilt Fund in?
- It is classified as Gilt 10Y Constant in AMFI's daily NAV file. MFIC compares it with 5 Gilt 10Y Constant schemes (Regular plans).
- What returns has DSP 10 year Constant Maturity Gilt Fund delivered?
- Over one year the NAV changed by 1.0%. The 3-year CAGR is 5.8% (category median 6.3%) and the 5-year CAGR is 4.6% (category median 5.3%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.9%, the lowest was 2.1%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in DSP 10 year Constant Maturity Gilt Fund's NAV?
- The largest peak-to-trough fall in its available history was 5.7%; within the last five years it was 5.3% (category median 4.8%).
- How volatile is DSP 10 year Constant Maturity Gilt Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 2.9%, which is below the Gilt 10Y Constant category median of 3.1%.
- What would a monthly SIP in DSP 10 year Constant Maturity Gilt Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹6,82,410 on 1 Oct 2026, an annualised return (XIRR) of 5.1%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of DSP 10 year Constant Maturity Gilt Fund?
- The total expense ratio of the Regular plan is 0.51% a year, as disclosed to AMFI (median of Gilt 10Y Constant Regular plans: 0.51%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is DSP 10 year Constant Maturity Gilt Fund?
- Assets under management of the whole scheme were ₹37 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of DSP 10 year Constant Maturity Gilt Fund?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of DSP 10 year Constant Maturity Gilt Fund and how has it compared?
- Its official benchmark is the CRISIL 10 Year Gilt Index. Over 3 years AMFI reports a return of 5.8% for this plan against 6.2% for the benchmark total return index; over 5 years 4.6% against 4.9%. Past performance does not indicate future results.
- How often has DSP 10 year Constant Maturity Gilt Fund beaten its category?
- At 0% of the 14 month-ends compared over the last 10 years, its 3-year return was above the median of Gilt 10Y Constant schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages DSP 10 year Constant Maturity Gilt Fund?
- According to its Scheme Summary Document, DSP 10 year Constant Maturity Gilt Fund is managed by Shantanu Godambe (since 1 Jul 2023).
- What is the minimum investment in DSP 10 year Constant Maturity Gilt Fund?
- The minimum application amount is ₹100. SIP details: SIP, SWP, STP - Rs. 100/- for all frequencies.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 1.3% and the Regular plan's by 1.0%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.