Nippon India Gilt Securities Fund Direct Growth

Fund Overview

Fund Size

₹1,834 Cr

Expense Ratio

0.50%

ISIN

INF204K01XP8

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

Nippon India Gilt Securities Fund Direct Growth is a Government Bond mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 13 years, 2 months and 3 days, having been launched on 01-Jan-13.
As of 02-Mar-26, it has a Net Asset Value (NAV) of ₹43.32, Assets Under Management (AUM) of 1834.14 Crores, and an expense ratio of 0.5%.

Nippon India Gilt Securities Fund Direct Growth has given a CAGR return of 8.74% since inception.
The fund's asset allocation comprises around 0.00% in equities, 95.44% in debts, and 4.56% in cash & cash equivalents.
You can start investing in Nippon India Gilt Securities Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+4.63%

+5.18% (Cat Avg.)

3 Years

+7.26%

+7.12% (Cat Avg.)

5 Years

+6.05%

+5.64% (Cat Avg.)

10 Years

+8.43%

+6.70% (Cat Avg.)

Since Inception

+8.74%

— (Cat Avg.)

Portfolio Summaryas of 15th February 2026

Debt	₹1,750.47 Cr	95.44%
Others	₹83.67 Cr	4.56%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
6.68% Gs 2040	Bond - Gov't/Treasury	₹289.05 Cr	15.62%
7.34% Gs 2064	Bond - Gov't/Treasury	₹205.76 Cr	11.12%
7.26% Gs 2033	Bond - Gov't/Treasury	₹170.48 Cr	9.21%
7.24% Gs 2055	Bond - Gov't/Treasury	₹151.31 Cr	8.17%
7.18% Gs 2033	Bond - Gov't/Treasury	₹108.16 Cr	5.84%
7.25% Gs 2063	Bond - Gov't/Treasury	₹101.64 Cr	5.49%
7.62% Andhra Sgs 2036	Bond - Gov't/Treasury	₹75.51 Cr	4.08%
7.30% Gs 2053	Bond - Gov't/Treasury	₹63.89 Cr	3.45%
6.79% Gs 2034	Bond - Gov't/Treasury	₹60.31 Cr	3.26%
6.80% Gs 2060	Bond - Gov't/Treasury	₹55.05 Cr	2.97%
Triparty Repo	Cash - Repurchase Agreement	₹54.65 Cr	2.95%
7.14% Chhattisgarh Sgs 2033	Bond - Gov't/Treasury	₹49.48 Cr	2.67%
6.01% Gs 2030	Bond - Gov't/Treasury	₹49.41 Cr	2.67%
6.48% Gs 2035	Bond - Gov't/Treasury	₹49.29 Cr	2.66%
7.41% Gs 2036	Bond - Gov't/Treasury	₹31.29 Cr	1.69%
7.54% Gs 2036	Bond - Gov't/Treasury	₹26.37 Cr	1.42%
7.26% Gs 2032	Bond - Gov't/Treasury	₹25.86 Cr	1.40%
7.10% Gs 2034	Bond - Gov't/Treasury	₹25.63 Cr	1.38%
6.54% Gs 2032	Bond - Gov't/Treasury	₹24.99 Cr	1.35%
7.1% Maharashtra Sdl 2032	Bond - Gov't/Treasury	₹24.93 Cr	1.35%
Net Current Assets	Cash	₹23.22 Cr	1.25%
6.90% Gs 2065	Bond - Gov't/Treasury	₹23.16 Cr	1.25%
9.23% Govt Stock 2043	Bond - Gov't/Treasury	₹17.94 Cr	0.97%
7.17% Uttarpradesh Sgs 2033	Bond - Gov't/Treasury	₹14.88 Cr	0.80%
6.83% Govt.Stock 2039	Bond - Gov't/Treasury	₹14.77 Cr	0.80%
7.75% Tamilnadu SDL 2032	Bond - Gov't/Treasury	₹10.31 Cr	0.56%
7.18% Gs 2037	Bond - Gov't/Treasury	₹9.91 Cr	0.54%
6.89% Uttarpradesh Sdl 2031	Bond - Gov't/Treasury	₹9.9 Cr	0.54%
7.16% Gs 2050	Bond - Gov't/Treasury	₹9.74 Cr	0.53%
6.99% Gs 2051	Bond - Gov't/Treasury	₹9.47 Cr	0.51%
7.73% Gs 2034	Bond - Gov't/Treasury	₹9.32 Cr	0.50%
7.85% Kerala SDL 2035	Bond - Gov't/Treasury	₹5.14 Cr	0.28%
7.27% Gs 2026	Bond - Gov't/Treasury	₹5.01 Cr	0.27%
7.08% Uttarpradesh Sdl 2031	Bond - Gov't/Treasury	₹5 Cr	0.27%
8.24% Govt.Stock 2027	Bond - Gov't/Treasury	₹4.93 Cr	0.27%
7.12% Maharashtra Sgs 2036	Bond - Gov't/Treasury	₹4.89 Cr	0.26%
7.71% Karnataka Sgs 2036	Bond - Gov't/Treasury	₹4.82 Cr	0.26%
7.62% Gs 2039	Bond - Gov't/Treasury	₹3.9 Cr	0.21%
8.33% Govt.Stock 2036	Bond - Gov't/Treasury	₹3.65 Cr	0.20%
6.79% Gs 2029	Bond - Gov't/Treasury	₹2.83 Cr	0.15%
7.72% Maharashtra Sdl 2034	Bond - Gov't/Treasury	₹2.56 Cr	0.14%
6.96% Haryana Sdl 2029	Bond - Gov't/Treasury	₹2.17 Cr	0.12%
7.32% Rajasthan Sgs 2035	Bond - Gov't/Treasury	₹1.9 Cr	0.10%
6.68% Gs 2031	Bond - Gov't/Treasury	₹1.85 Cr	0.10%
7.61% Gs 2030	Bond - Gov't/Treasury	₹1.85 Cr	0.10%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹1.55 Cr	0.08%
7.42% Tamilnadu Sgs 2034	Bond - Gov't/Treasury	₹1.51 Cr	0.08%
6.64% Gs 2035	Bond - Gov't/Treasury	₹1.41 Cr	0.08%
6.92% Bihar Sdl 2032	Bond - Gov't/Treasury	₹0.82 Cr	0.04%
Interest Rate Swaps Pay Fix Receive Floating (03/03/2027) (Fv 10000 Lacs)	Interest Rate Swap	₹-0.57 Cr	0.03%
Interest Rate Swaps Pay Fix Receive Floating (20/03/2030) (Fv 5000 Lacs)	Interest Rate Swap	₹0.06 Cr	0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Gov't/Treasury	₹1,772.04 Cr	95.74%
Cash - Repurchase Agreement	₹56.2 Cr	3.04%
Cash	₹23.22 Cr	1.25%
Interest Rate Swap	₹-0.5 Cr	0.03%

Risk & Performance Ratios

Fund Managers

Pranay Sinha

Since March 2021

Kinjal Desai

Since October 2021

Lokesh Maru

Since September 2025

Divya Sharma

Since September 2025

Additional Scheme Detailsas of 15th February 2026

ISIN

INF204K01XP8

Expense Ratio

0.50%

Exit Load

No Charges

Fund Size

₹1,834 Cr

Age

13 years 2 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY All Duration G-Sec TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Government Bond Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹38.45 Cr	-
Groww Gilt Fund Regular Growth Moderate Risk	1.5%	0.0%	₹38.45 Cr	-
Bajaj Finserv Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹20.46 Cr	4.4%
Bajaj Finserv Gilt Fund Regular Growth Moderate Risk	1.3%	0.0%	₹20.46 Cr	3.5%
UTI Nifty 5 Yr Benchmark G-Sec ETF Moderate Risk	0.2%	-	₹25.25 Cr	7.7%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹56.96 Cr	3.8%
ICICI Prudential Gilt Fund Direct Growth Low to Moderate Risk	0.6%	0.0%	₹9240.09 Cr	7.1%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹225.76 Cr	4.7%
Bandhan Government Securities Fund Investment Plan Direct Growth Low to Moderate Risk	0.5%	0.0%	₹1999.03 Cr	5.5%
Nippon India Gilt Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1834.14 Cr	4.6%
Invesco India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹279.16 Cr	5.1%
Kotak Gilt Investment Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹3062.84 Cr	3.8%
Nippon India ETF Nifty 5 yr Benchmark G-Sec Moderate Risk	0.1%	-	₹246.07 Cr	8.0%
Axis Gilt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹636.57 Cr	5.8%
Bandhan Government Securities Fund Investment Plan Regular Growth Low to Moderate Risk	1.1%	0.0%	₹1999.03 Cr	4.9%
Aditya Birla Sun Life Nifty G-Sec Jun 2027 ETF Moderate Risk	-	-	-	-
Edelweiss Government Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹150.29 Cr	4.6%
Edelweiss Government Securities Fund Regular Growth Moderate Risk	1.2%	0.0%	₹150.29 Cr	3.9%
Motilal Oswal Nifty 5 year Benchmark G-Sec ETF Moderate Risk	0.2%	-	₹152.54 Cr	7.7%
UTI Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹519.90 Cr	6.4%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹636.57 Cr	6.3%
Baroda BNP Paribas Gilt Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1132.07 Cr	5.5%
HDFC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹2740.18 Cr	5.7%
Aditya Birla Sun Life Government Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1822.42 Cr	3.9%
SBI Magnum Gilt Direct Growth Moderate Risk	0.5%	0.0%	₹10551.74 Cr	5.5%
ICICI Prudential Nifty 5 Yr Bench G-SEC ETF Moderate Risk	0.2%	-	₹18.42 Cr	8.2%
Tata Gilt Securities Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1167.20 Cr	6.1%
Franklin India Government Securities Direct Growth Low to Moderate Risk	0.6%	0.0%	₹184.15 Cr	6.1%
Canara Robeco Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹137.95 Cr	4.7%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1270.55 Cr	5.8%
PGIM India Gilt Fund Direct Growth Moderate Risk	0.6%	0.0%	₹101.35 Cr	4.7%
Union Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹105.58 Cr	3.3%
Union Gilt Fund Regular Growth Moderate Risk	1.1%	0.0%	₹105.58 Cr	2.8%
Quant Gilt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹100.74 Cr	3.8%
Quant Gilt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹100.74 Cr	4.9%
Invesco India Gilt Fund Regular Growth Moderate Risk	1.3%	0.0%	₹279.16 Cr	4.3%
Motilal Oswal 5 Year G-Sec Fund of Fund Regular Growth Moderate Risk	0.2%	0.0%	₹47.43 Cr	3.9%
Motilal Oswal 5 Year G-Sec Fund of Fund Direct Growth Moderate Risk	0.1%	0.0%	₹47.43 Cr	4.0%
Kotak Gilt Investment Fund Regular Growth Low to Moderate Risk	1.5%	0.0%	₹3062.84 Cr	2.8%
Aditya Birla Sun Life Government Securities Fund Regular Growth Moderate Risk	1.1%	0.0%	₹1822.42 Cr	3.2%
LIC MF Gilt Fund Regular Growth Moderate Risk	1.2%	0.0%	₹56.96 Cr	3.1%
PGIM India Gilt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹101.35 Cr	3.8%
DSP Government Securities Regular Growth Moderate Risk	1.2%	0.0%	₹1270.55 Cr	5.1%
Baroda BNP Paribas Gilt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹1132.07 Cr	5.1%
Canara Robeco Gilt Fund Regular Growth Moderate Risk	1.3%	0.0%	₹137.95 Cr	4.0%
HSBC Gilt Fund Regular Growth Moderate Risk	1.6%	0.0%	₹225.76 Cr	3.5%
SBI Magnum Gilt Regular Growth Moderate Risk	1.0%	0.0%	₹10551.74 Cr	5.0%
ICICI Prudential Gilt Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹9240.09 Cr	6.6%
UTI Gilt Fund Regular Growth Moderate Risk	0.9%	0.0%	₹519.90 Cr	6.0%
HDFC Gilt Fund Regular Growth Moderate Risk	0.9%	0.0%	₹2740.18 Cr	5.2%

About the AMC

Nippon India Mutual Fund

022-6808 7000/18602660111

https://mf.nipponindiaim.com/

Total AUM

₹7,53,043 Cr

Address

4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013

Other Funds by Nippon India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Nippon India Nifty India Manufacturing Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹36.80 Cr	-
Nippon India MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹425.65 Cr	-
Nippon India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	0.4%	0.0%	₹623.45 Cr	-
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹38.01 Cr	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹20.44 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹43.18 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹338.26 Cr	21.0%
Nippon India Nifty Auto Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹40.39 Cr	35.0%
Nippon India Nifty Realty Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹31.62 Cr	-4.0%
Nippon India CRISIL-IBX AAA Financial Services - Dec 2026 Index Fund Regular Growth Moderate Risk	0.1%	0.0%	₹98.23 Cr	7.7%
Nippon India CRISIL-IBX AAA Financial Services - Jan 2028 Index Fund Regular Growth Low to Moderate Risk	0.1%	0.0%	₹85.07 Cr	8.2%
Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1033.35 Cr	14.2%
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹401.77 Cr	15.3%
Nippon India Fixed Maturity Plan - XLVI - Series 5 - 1868 Days Direct Growth High Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 366 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 3 - 368 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 367 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹213.47 Cr	-17.1%
Nippon India Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹185.38 Cr	24.3%
Nippon India Fixed Maturity Plan - XLVI - Series 1 - 92 Days Direct Growth Moderately High risk	-	0.0%	-	-
Nippon India Innovation Fund Direct Growth Very High Risk	0.7%	1.0%	₹2696.94 Cr	15.6%
Nippon India Fixed Horizon Fund - XLV - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund - XLV - Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 7 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 6 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 5 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 7 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 4 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 6 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Quarterly Series I Direct Growth Low Risk	-	0.0%	₹2.33 Cr	5.7%
Nippon India Fixed Horizon Fund XXXX Series 10 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLIV Series 4 Direct Growth Low Risk	-	-	₹51.85 Cr	6.8%
Nippon India Fixed Horizon Fund XLIV Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Annual Series I Direct Growth Low Risk	-	0.0%	₹3.06 Cr	7.0%
Nippon India Fixed Horizon Fund XLIV Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 1 Direct Growth Low Risk	-	0.0%	₹220.19 Cr	7.1%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹72.20 Cr	7.7%
Nippon India Fixed Horizon Fund - XLIII - Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLIII Series 5 Direct Growth Low to Moderate Risk	-	0.0%	₹184.13 Cr	7.9%
Nippon India Fixed Horizon Fund XXXIX Series 12 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLI Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Capital Protection Oriented Fund II Plan A Direct Growth Low Risk	-	-	₹40.32 Cr	9.7%
Nippon India Interval Fund Quarterly Series III Direct Growth Low Risk	-	0.0%	₹2.74 Cr	5.8%
Nippon India Fixed Horizon Fund XLI Series 13 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XXXX Series 9 Direct Growth Moderate Risk	-	0.0%	-	-

Risk Level

Your principal amount will be at Moderate Risk

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What is the current NAV of Nippon India Gilt Securities Fund Direct Growth?

The NAV of Nippon India Gilt Securities Fund Direct Growth, as of 02-Mar-2026, is ₹43.32.

What are the returns of Nippon India Gilt Securities Fund Direct Growth?

The fund has generated 4.63% over the last 1 year and 7.26% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Nippon India Gilt Securities Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 95.44% in bonds, and 4.56% in cash and cash equivalents.

Who manages the Nippon India Gilt Securities Fund Direct Growth?

The fund managers responsible for Nippon India Gilt Securities Fund Direct Growth are:-

Pranay Sinha
Kinjal Desai
Lokesh Maru
Divya Sharma

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Nippon India Gilt Securities Fund Direct Growth

Fund Overview