Kotak Gilt - Investment vs HDFC Gilt Fund
Updated June 2026 · both Gilt funds · metrics from AMFI NAVs
In short: HDFC Gilt Fund has the higher 3-year return (+6.36%); HDFC Gilt Fund has the lower expense ratio (0.46%); Kotak Gilt - Investment has the better risk-adjusted return (Sharpe -0.47). This is analysis from past data, not a recommendation.
| Metric | Kotak Gilt - Investment | HDFC Gilt Fund |
|---|---|---|
| 1Y return | +0.40% | +1.86% |
| 3Y CAGR | +5.73% | +6.36% |
| 5Y CAGR | +5.51% | +5.47% |
| Sharpe ratio | -0.47 | -0.60 |
| Max drawdown | -4.7% | -3.0% |
| Volatility | 3.4% | 2.8% |
| Alpha | -0.89% | -0.43% |
| Expense ratio (Direct) | 0.47% | 0.46% |
| AUM | ₹2.9K Cr | ₹2.7K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
HDFC Gilt Fund has the lower Direct-plan expense ratio (0.46%), versus 0.47% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
HDFC Gilt Fund has the higher 3-year CAGR (+6.36%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.