INCOME TAX20 Sept 2026
Gilt mutual funds: ICICI Prudential tops 5-year returns at over 6%; all 23 schemes remain in the green | Mint
Gilt mutual funds keep at least 80% of assets in government securities, so returns move with government bond yields and interest rates. Of the 23 schemes, Bandhan Gilt Fund led one-year returns with 7.74%, while ICICI Prudential Gilt Fund topped five-year returns at 6.42%. No fund posted negative returns. Compare both short and long-term performance before you invest.
Key Statutory Highlights
- Gilt mutual funds must invest at least 80% of their total assets in government securities across maturities.
- Bandhan Gilt Fund topped the one-year chart at 7.74%, while ICICI Prudential Gilt Fund led the five-year chart with a 6.42% annualised return.
- None of the 23 gilt funds posted a negative return over the one-year and five-year periods.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy a gilt fund, check both its one-year and five-year returns instead of a single figure, and confirm the choice with your advisor before investing.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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