Bandhan Gilt Fund 10 Year Constant Duration Regular Plan SI3 NAV July 2026
- July 29, 2026
- Posted by: Kunal Singla
- Category: News
Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 NAV Rs 17.31 as of . ISIN INF194KA1SI3. Open ended gilt debt scheme. Bandhan Mutual Fund.
The Bandhan Gilt Fund 10 year constant duration Regular Plan with ISIN INF194KA1SI3 is a plan variant within Bandhan Mutual Fund’s gilt scheme family that maintains a constant portfolio Macaulay duration of approximately 10 years. As of , the NAV of this plan is Rs 17.31, reflecting the compounded returns generated since this specific tranche was launched.
The Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 invests exclusively in sovereign government securities, ensuring zero credit risk for investors. The constant duration mandate creates a predictable interest rate risk profile where NAV movements are directly tied to changes in the 10 year government bond yield. This scheme is accessible through mutual fund distributors under the Regular Plan structure which includes a distributor trail commission in the expense ratio.
This article provides a complete overview of this specific plan variant including NAV as of , portfolio strategy, interest rate sensitivity, risk analysis and guidance on who this scheme is most suitable for in the current market environment.
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Bandhan Gilt Fund 10 Year Constant Duration Regular Plan SI3 Fund Overview
| Parameter | Details |
|---|---|
| Fund Name | Bandhan Gilt Fund with 10 Year Constant Duration Regular Plan |
| Fund House | Bandhan Mutual Fund |
| Category | Open Ended Debt Scheme Gilt Fund 10 Year Constant Duration |
| NAV | Rs 17.31 |
| ISIN | INF194KA1SI3 |
| Plan Type | Regular Plan |
| Risk Level | Moderate to High |
| Benchmark | CRISIL Dynamic Gilt Index |
Investment Strategy and Portfolio Construction
The Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 follows the same investment mandate as all variants in this scheme family. The fund manager constructs a portfolio of central government securities, state development loans and treasury bills while maintaining a weighted average Macaulay duration close to 10 years at all times.
The constant duration approach requires periodic portfolio rebalancing as the existing securities age and their natural duration shortens over time. The fund manager actively manages the portfolio to ensure the 10 year duration target is maintained, typically through selective buying of longer dated securities and selling of shorter dated ones as they approach maturity.
Bandhan Mutual Fund, previously known as IDFC Mutual Fund, has a well established track record in managing fixed income and gilt fund portfolios across different interest rate environments in India, bringing institutional expertise to the management of this scheme.
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NAV and Return Analysis in Context
The NAV of Rs 17.31 for the Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 as of positions it as a medium NAV variant within the scheme family. The interest rate environment through 2025 and 2026 has been broadly supportive for long duration gilt funds as the RBI maintained an accommodative monetary policy stance following the rate hike cycle of 2022 to 2024.
Investors in the Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 who entered during the high yield phase of 2023 and 2024 would have benefited from both the carry income from high coupon government securities and the capital appreciation from subsequent yield compression. Future returns will be driven by the pace of any further monetary easing, government borrowing trajectory and global yield trends.
Taxation Considerations
Gains from the Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 are subject to capital gains tax under the applicable Indian tax framework for debt mutual funds. The tax treatment depends on the investor’s holding period and individual tax bracket. Investors should consult a qualified tax advisor to understand the specific tax implications before investing in this scheme or planning redemptions.
Key Risks
Interest rate risk is the dominant risk in the Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 due to the mandatory constant 10 year duration. This fund cannot reduce duration during rising rate environments. Credit risk is zero as all investments are in sovereign government securities. The Regular Plan’s higher expense ratio compared to the Direct Plan of the same scheme is a cost drag on long term compounded returns.
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Conclusion
The Bandhan Gilt Fund 10 year constant duration Regular Plan with ISIN INF194KA1SI3 and NAV of Rs 17.31 as of is a long duration gilt scheme for informed debt investors with a medium to long term investment horizon. Sovereign credit quality is assured while interest rate risk remains high. Always verify data from official sources and consult a SEBI registered financial advisor before making investment decisions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Bandhan Gilt Fund 10 Year Constant Duration Regular Plan SI3
What is the NAV of Bandhan Gilt Fund 10 year constant duration Regular Plan INF194KA1SI3?
Ans. The NAV of Bandhan Gilt Fund 10 year constant duration Regular Plan with ISIN INF194KA1SI3 is Rs 17.31 as of . This NAV is updated every business day after market closing hours on the AMFI website.
What does ISIN INF194KA1SI3 identify?
Ans. ISIN INF194KA1SI3 is the unique Securities Identification Number for this specific plan variant of the Bandhan Gilt Fund 10 year constant duration Regular Plan. Each plan tranche within a scheme family has a unique ISIN for identification and transaction tracking purposes.
How is Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 different from SI1?
Ans. SI3 and SI1 are different plan tranches of the same underlying scheme with the same investment mandate and portfolio. They differ in ISIN, NAV level and inception date. The investment strategy, risk profile and benchmark are identical across all Regular Plan variants in this scheme family.
What is the minimum SIP amount for this scheme?
Ans. The minimum SIP amount for this scheme is typically Rs 100 to Rs 500 per month depending on the platform and plan variant. Check the current minimum SIP requirement from the Bandhan Mutual Fund website or scheme information document before starting a SIP in this scheme.
Is a good time to invest in long duration gilt funds?
Ans. The suitability of as an entry point for long duration gilt funds depends on the interest rate outlook and your personal risk tolerance. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI registered financial advisor for personalised investment guidance based on your specific financial situation.
How frequently is the NAV of this scheme updated?
Ans. The NAV of Bandhan Gilt Fund 10 year constant duration Regular Plan SI3 is updated every business day after market closing hours. NAV is not updated on public holidays or market holidays. Daily NAV is published on the AMFI website and the Bandhan Mutual Fund official website.
What is the exit load for Bandhan Gilt Fund 10 year constant duration Regular Plan?
Ans. Most gilt fund schemes from Bandhan Mutual Fund have nil exit load. Investors can redeem their units without penalty. Verify the current exit load from the scheme information document or official website as terms can be revised by the fund house from time to time.
Where can I invest in Bandhan Gilt Fund 10 year constant duration Regular Plan SI3?
Ans. You can invest in this scheme through AMFI registered mutual fund distributors or online investment platforms. Download the Univest iOS App or Univest Android App to explore gilt fund investment options and access research backed recommendations for your debt portfolio allocation.
