Quant Gilt Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Quant Gilt Fund Direct Growth Plan has a NAV of ₹12.5322 as of 18 Sep 2026 and a scheme AUM of ₹75 Cr. Its 1-year, 3-year and 5-year returns are 3.75%, 5.85% and 0%, and the scheme sits in the Medium Risk bucket.
Our view is that this is a conservative debt option in structure, but its recent return pattern is mixed against the benchmark and not especially strong versus other gilt funds. The portfolio is built mainly around government securities, which may suit investors looking for a relatively contained interest-rate profile rather than a high-growth debt allocation.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹12.5322 as of 18 Sep 2026 |
| AUM | ₹75 Cr |
| Expense Ratio | 0.34% |
| Launch Date | 21 Dec 2022 |
| Min SIP | ₹1,000 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | No exit load |
| Fund Managers | Sanjeev Sharma, Haroonvardhan Sirohi |
The fund is managed by Sanjeev Sharma and Haroonvardhan Sirohi.
Source data date: as of 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.52% | -3.73% |
| 3M | 0.61% | -3.14% |
| 1Y | 3.75% | -5.31% |
| 3Y | 5.85% | 6.30% |
| 5Y | Data not available | Data not available |
The recent pattern is steadier than the benchmark over the short windows. The fund was mildly negative over 1 month, but the benchmark fell more sharply, and the fund stayed positive over 3 months while the benchmark was still negative. That tells us the scheme has handled recent volatility better than the benchmark, even though the absolute moves have been modest.
The 1-year figure is also positive at 3.75%, while the benchmark is negative over the same period. That gap matters because it suggests the fund has protected capital better than the benchmark through a weaker year for the index. At the same time, the 3-year return of 5.85% trails the benchmark’s 6.30%, so the longer window is less flattering than the recent one.
The time pattern also looks uneven rather than smooth. There are periods of gradual improvement, followed by small givebacks, which is typical for a gilt strategy exposed to interest-rate changes. Our read is that the fund has shown resilience in the near term, but the longer trend does not point to clear outperformance against the benchmark.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Quant Gilt?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Quant Gilt? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Quant Gilt Fund Direct Growth Plan | 3.75% | 5.85% | Data not available |
| Bandhan Gilt Fund Direct Growth Plan | 7.74% | 7.92% | 6.38% |
| UTI Gilt Fund Direct Growth Plan | 5.39% | 6.70% | 5.74% |
| Franklin India Gilt Fund Direct Growth Plan | 5.33% | 6.43% | 5.35% |
| Bandhan 10 year Constant Maturity Gilt Fund Direct Growth Plan | 4.63% | 7.55% | 5.76% |
| Axis Gilt Fund Direct Growth Plan | 4.51% | 7.12% | 5.96% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the recent one-year number, this fund is below every peer listed here. The gap is most visible against Bandhan Gilt Fund Direct Growth Plan, which has a much stronger 1-year return, while UTI Gilt Fund Direct Growth Plan and Franklin India Gilt Fund Direct Growth Plan also sit ahead on the same measure.
The longer view is mixed. At 3 years, this fund is below all the listed peers with available data, so the short-term steadiness has not yet translated into stronger medium-term compounding. The 5-year comparison is not meaningful for this scheme because the fund has no 5-year return shown, while the peers with available 5-year figures are all positive. That makes the peer story look weaker on the longer horizon than the near-term chart alone would suggest.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.68% Karnataka SDL – 21-Dec-2034 | Government Securities | 13.38% |
| 6.36% GOI 16-Feb-2031 | Government Securities | 13.10% |
| TREPS 01-Sep-2026 Depo 10 | Cash & Cash Equivalents and Net Assets | 11.98% |
| 7.46% Maharashtra SDL – 13-Sep-2033 | Government Securities | 10.09% |
| 7.49% Tamil Nadu SDL – 24-Apr-2034 | Government Securities | 8.47% |
| 0% GS2027 Cstrip 12 Sep 2027 | Government Securities | 6.86% |
| 7.29% GOI SGRB Mat 27-Jan-2033 | Government Securities | 6.79% |
| 7.46% Madhya Pradesh SDL – 14-Sep-2032 | Government Securities | 6.62% |
| 0% GS2026 Cstrip 19 Sep 2026 | Government Securities | 6.59% |
| 7.06% GOI 27-Jul-2041 | Government Securities | 6.58% |
The top 10 holdings account for approximately 90.46% of the portfolio.
To see all holdings, visit the Quant Gilt Fund Direct Growth Plan page
The largest holding is 13.38%, so a single security may have a noticeable influence on returns and volatility. The fall from the largest position to the tenth position is gradual rather than abrupt, which suggests the portfolio is built around a cluster of similarly sized government-backed exposures instead of one dominant bet.
Even so, the visible top 10 already account for 90.46% of the portfolio, and there are 14 disclosed holdings in total. That points to a fairly compact structure, where the top positions are likely to drive most of the outcome, while the remaining holdings may provide additional balance and liquidity.
Most of the portfolio sits in government securities, with one cash-and-equivalent position in the top 10. That mix may help keep credit risk contained, but it can still leave the fund sensitive to changes in interest rates and government bond pricing.
Source data date: as of 18 Sep 2026
Who should invest
This fund is better suited to investors who are comfortable with medium risk and want a gilt-oriented debt allocation rather than an equity-like return profile. The recent 1-year result is positive, but the 3-year figure trails the benchmark, so it fits investors who can accept periods when the fund does not lead the index.
A longer horizon is more sensible than a short trading view, because the underlying holdings are government securities and the return pattern can shift with interest-rate moves. The main trade-off is that the portfolio may offer steadier credit quality and a more defensive structure, but the upside can still be uneven and may lag stronger peer outcomes in some periods.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 18 Sep 2026
Frequently asked questions
What is the current NAV of Quant Gilt Fund Direct Growth Plan?
The current NAV is ₹12.5322 as of 18 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 3.75% and its 3-year return is 5.85%. The 5-year return is not available.
How does the fund compare with its benchmark?
The fund has done better than the benchmark over 1 month, 3 months and 1 year, but it trails the benchmark over 3 years. That makes the recent picture stronger than the longer one.
How does it compare with the listed peer funds?
Its recent and 3-year returns are weaker than the listed peer funds shown here. The 5-year comparison is also not available for this fund, while the peers with available 5-year data are positive.
Is there a minimum SIP amount?
The scheme allows SIP investment, but a minimum SIP amount is not stated here. The fee and return picture can still be assessed without that figure.
Who manages the fund and what is the exit load?
The fund is managed by Sanjeev Sharma and Haroonvardhan Sirohi. There is no exit load.
Bottom line
Quant Gilt Fund Direct Growth Plan shows a better near-term tone than its benchmark, but the 3-year result is less convincing and the 5-year figure is not available. Against the listed peers, the recent return picture is weaker, so the fund looks more like a cautious gilt allocation than a clear momentum leader. Its portfolio is heavily tilted toward government securities, which supports the defensive character, but the concentrated top holdings mean interest-rate moves can still matter.
Published on 21 September 2026 at 11:15 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.