Bajaj Finserv Gilt Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Updated: 16 Sept 2026 • 9:53 am

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Bajaj Finserv Gilt Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Gilt Fund Direct Growth Plan has a NAV of ₹1,075.9585 as of 15 September 2026 and a scheme AUM of ₹28 Cr. Its 1-year, 3-year and 5-year returns are 4.46%, Data not available and Data not available, and the fund sits in the Low Risk category.

Our view is that this is a narrow, short-history gilt fund that has held up better than the benchmark over the last year, but it does not yet offer a long track record. The portfolio is concentrated in Treasury Bills and cash-like assets, which supports stability, though the return pattern remains modest rather than standout.

Table of Contents

Quick facts

Particular	Details
NAV	₹1,075.9585 as of 15 Sep 2026
AUM	₹28 Cr
Expense Ratio	0.39%
Launch Date	15 Jan 2025
Min SIP	₹1,000
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Siddharth Chaudhary, Nimesh Chandan, Sourish Chatterjee

The fund is managed by Siddharth Chaudhary, Nimesh Chandan and Sourish Chatterjee.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.41%	-4.81%
3M	1.92%	-3.63%
1Y	4.46%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern is steadier than the benchmark, especially over 3 months and 1 year. The fund is positive across 3M and 1Y, while the benchmark remains negative across all three periods shown, which tells us the fund has protected capital better over the recent cycle.

That said, the 1-month move is slightly negative, so the short end of the curve is not smooth. The broader message is still more constructive for the fund than for the benchmark, because the benchmark has been weaker in every displayed period and has not matched the fund’s ability to stay in positive territory over 3M and 1Y.

The time pattern also suggests controlled movement rather than sharp swings. The fund’s return line has moved within a tight band, which fits a gilt portfolio aimed more at stability and rate-driven income than aggressive appreciation. For a conservative debt investor, that matters more than trying to chase quick upside.

Because the scheme launched in 2025, there is no 3-year or 5-year record to assess here. That limits our confidence in any longer-horizon judgment, so the cleanest interpretation is that recent performance has been better than the benchmark, but the fund still has to prove how it behaves across a full rate cycle.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Bajaj Finserv 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 Bajaj Finserv Gilt? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Gilt Fund Direct Growth Plan	4.46%	Data not available	Data not available
Bandhan Gilt Fund Direct Growth Plan	7.66%	7.9%	6.35%
Franklin India Gilt Fund Direct Growth Plan	5.92%	6.47%	5.37%
UTI Gilt Fund Direct Growth Plan	5.26%	6.73%	5.71%
Axis Gilt Fund Direct Growth Plan	4.69%	7.28%	6.01%
Bajaj Finserv Gilt Fund Direct Growth Plan	4.46%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the 1-year figure, the fund trails the stronger peer returns in this set, with Bandhan, Franklin India and UTI all ahead on the same horizon. Axis is much closer, but still slightly above the fund.

The longer-horizon picture is mixed rather than weak in isolation. The fund cannot yet be compared on 3-year or 5-year numbers because it does not have those records, while the established peers show firmer long-term compounding. That means the peer comparison is mainly a test of recent traction versus a more seasoned set of gilt funds.

So the short-term and longer-term messages do not fully match: recent performance is respectable for a young gilt fund, but the available peer data still favours funds with longer records and stronger multi-year returns. For us, that keeps the fund in the “watch for consistency” bucket rather than the “clear leader on all horizons” bucket.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
91 Days Tbill (MD 27/11/2026)	Treasury Bills	52.28%
91 Days Tbill (MD 01/10/2026)	Treasury Bills	17.57%
364 Days Tbill (MD 26/11/2026)	Treasury Bills	17.43%
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	13.11%

The largest holding is 91 Days Tbill (MD 27/11/2026) at 52.28%, so more than half of the portfolio sits in a single short-dated government security. That is a meaningful anchor for the fund and may keep the portfolio closely tied to short-term money-market style movements.

Weight then falls quite quickly to 17.57% and 17.43% in the next two Treasury Bill lines, before dropping to 13.11% in cash and cash equivalents. With only four disclosed holdings, the portfolio is not spread across a long tail; instead, it appears highly concentrated in a small set of ultra-short instruments.

Because the disclosed holdings account for 100% of the portfolio and there are only four rows, the exposure looks very tight and easy to read. That concentration may improve clarity around interest-rate exposure, but it also means each holding is likely to have greater influence on day-to-day movement than it would in a more diversified gilt portfolio.

Source data date: as of 15 Sep 2026

Who should invest

This fund is best suited to conservative debt investors who are comfortable with low-risk positioning and want a portfolio built around Treasury Bills and cash-like instruments. The 1-year return has been positive, but the absence of a longer history means the fund still has to show whether it can stay steady across different interest-rate conditions.

It is more suitable for a shorter to medium horizon than for someone trying to find a multi-year high-return story. The main trade-off is that the structure looks relatively stable, but the return profile has also been modest, and the available peer set shows stronger longer-term numbers from more established gilt funds.

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 15 Sep 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Gilt Fund Direct Growth Plan?
Its NAV is ₹1,075.9585 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 4.46%, while the 3-year and 5-year returns are Data not available because the scheme does not yet have those records.

How has the fund performed versus the benchmark?
It has done better than the benchmark across the periods shown. The fund is positive over 3M and 1Y, while the benchmark stays negative in those same periods.

How does it compare with peer gilt funds on 1-year return?
Its 1-year return is below the stronger peer figures in the list, including Bandhan Gilt Fund Direct Growth Plan at 7.66%, Franklin India Gilt Fund Direct Growth Plan at 5.92% and UTI Gilt Fund Direct Growth Plan at 5.26%.

Is there a minimum SIP for this fund?
Yes. The minimum SIP amount is ₹1,000.

What are the main risk and portfolio characteristics?
The fund is in the Low Risk category and is heavily concentrated in Treasury Bills, with the largest disclosed holding at 52.28%. It also has no exit load.

Bottom line

Bajaj Finserv Gilt Fund Direct Growth Plan has looked better than its benchmark over the recent periods shown, but its longer-term record is still not available because the scheme is young. Compared with the listed peers, the 1-year number is softer, while the portfolio is clearly concentrated in Treasury Bills and cash-like assets, which supports a low-risk profile. That makes it most relevant for conservative investors who want stability first and can accept a modest return profile while the fund builds a longer track record.

Published on 16 September 2026 at 9:50 AM IST

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.