Gilt funds make sense only if you want to take a tactical view on interest rates and are looking for a short-term duration.
After every corporate announcement, check your demat and bank accounts for necessary credits.
These stocks are overvalued and, therefore, one should not adopt a buy and hold strategy.
Secondary market might be a better bet for investors
In a growth market, these funds should not form more than 10-15% of your portfolio. Invest with a horizon of at least 5 years