10-year G-Sec (bond fund) Historical Returns
A fund that holds Government of India bonds of about 10 years' maturity. Its NAV includes the interest earned and the change in bond prices. Figures come from the NAV of a fund that tracks it, so returns include dividends and are after fund costs.
Price history
Month-end values. Hover a year-end point for its value.
About 10-year G-Sec (bond fund)
A fund that holds Government of India bonds of about 10 years' maturity. Its NAV includes the interest earned and the change in bond prices.
What it means for investors. Long-maturity government bonds carry no credit risk but move with interest rates: when yields fall their prices rise, and when yields rise they fall. It is a reference for long-duration debt funds.
A fund that holds government bonds of about 10 years maturity: its NAV reflects bond prices plus interest, after costs.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| 10-year G-Sec (bond fund) | 0.5% | 6.1% | 5.0% | 6.9% | 8.0% | 7.8% | −5% | 23 Oct 2026 |
Annualised (CAGR) for periods of a year or more, ending on each series' latest date. “n/a” means the series does not go back that far. Max fall: the largest fall from a previous peak over the whole history.
AMFI NAV history (daily NAV file; earlier history via mfapi.in, which republishes AMFI NAVs), stored and cleaned by MFIC. Proxy: SBI 10 Year Constant Maturity Gilt Fund (Regular, growth) (total return after fund costs (proxy)). Data 3 Apr 2006 to 23 Oct 2026.
Mutual funds linked to 10-year G-Sec (bond fund)
MFIC groups that invest in this market, with medians for each group (medians across open-ended schemes, regular plans (etfs for etf categories), growth option, from amfi navs; NAVs as of 23 Oct 2026).
| Fund group | Link | Schemes | 1Y median | 3Y CAGR median | 5Y CAGR median | Ahead of benchmark TRI, 3Y |
|---|---|---|---|---|---|---|
| Gilt | Main market of active funds | 25 | +0.4% | +5.2% | +4.6% | 2 of 21 |
| Gilt 10Y Constant | Main market of active funds | 5 | +0.5% | +6.1% | +5.1% | 3 of 5 |
| Dynamic Bond | Main market of active funds | 23 | +1.9% | +6.0% | +5.4% | 14 of 23 |
| Long Duration | Main market of active funds | 11 | −1.3% | +5.5% | +4.8% | 5 of 7 |
| Medium to Long Duration | Main market of active funds | 13 | +1.7% | +5.8% | +4.7% | 3 of 12 |
Groups follow AMFI categories; theme groups are MFIC's own grouping from scheme names. "Ahead of benchmark TRI" compares each scheme's 3-year return with its own benchmark's total return index as published by AMFI; it is not shown for index funds and ETFs, which aim to match their index. Listed by how closely the group follows this market, not ranked. Open a group for every scheme in it.
Calendar-year returns
| Year | Return |
|---|---|
| 2026 to 23 Oct | −0.2% |
| 2025 | 6.7% |
| 2024 | 9.1% |
| 2023 | 7.5% |
| 2022 | 1.3% |
| 2021 | 2.4% |
| 2020 | 11.6% |
| 2019 | 11.9% |
| 2018 | 9.9% |
| 2017 | 6.2% |
| 2016 | 12.8% |
| 2015 | 9.1% |
Over 19 complete calendar years since 2007, 10-year G-Sec (bond fund) rose in 18. Best: 2008 (+16.9%). Worst: 2009 (−3.2%).
Year-end to year-end, from AMFI NAV history (daily NAV file; earlier history via mfapi.in, which republishes AMFI NAVs), stored and cleaned by MFIC.
Falls from peak and recovery
No fall of 10% or more in the data available.
Rolling returns: the range of outcomes
| Holding period | Periods | Median | Worst | Best | Middle half | Positive |
|---|---|---|---|---|---|---|
| 1 year | 234 | 8.7% | −3.2% | 17.5% | 5.7% to 10.3% | 98% |
| 3 years | 210 | 8.4% | 3.3% | 11.7% | 6.4% to 10.1% | 100% |
| 5 years | 186 | 7.8% | 5.2% | 10.9% | 7.0% to 9.7% | 100% |
| 10 years | 126 | 8.6% | 7.1% | 10.1% | 8.4% to 9.2% | 100% |
Every holding period starting at a month-end in the history (overlapping). Annualised for periods over a year.
How it has moved with other assets
| Compared with | Correlation | Months |
|---|---|---|
| Nifty 50 | 0.08 | 245 |
| Gold (domestic, ₹) | 0.01 | 233 |
| USD/INR | −0.15 | 245 |
| Cash (liquid fund) | 0.26 | 245 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Questions
- What has 10-year G-Sec (bond fund) returned over the long run?
- Calculated from SBI 10 Year Constant Maturity Gilt Fund (Regular, growth), 10-year G-Sec (bond fund) returned 6.9% a year over the 10 years to 23 Oct 2026, and 6.1% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in 10-year G-Sec (bond fund)?
- In the data available from Apr 2006, the largest fall from a previous peak was −5.1%, from Jan 2009 to Sep 2009, and it regained the peak in Nov 2010 (14 months after the bottom). There were 0 falls of 10% or more, 0 of them 20% or more.
- How often has 10-year G-Sec (bond fund) been positive over one year?
- Across 234 one-year periods starting at month-ends, 98% were positive; the range was −3.2% to 17.5%. Over five-year periods (186), 100% were positive, with annualised returns from 5.2% to 10.9%.
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