Bandhan CRISIL-IBX 10:90 Gilt+SDL Index – Dec 2029 Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan CRISIL-IBX 10:90 Gilt+SDL Index – Dec 2029 Fund Direct Growth Plan is a gilt-plus-SDL index fund with a stated risk category of Balanced Risk. As of 11 Sep 2026, its NAV is ₹11.0184 and its scheme AUM is ₹0 Cr. Its 1-year, 3-year and 5-year returns are 5.4%, 0% and 0%, respectively, which tells us the short-term picture is better than the longer horizon in the figures available.
Our view is that the fund looks suitable for investors who want a relatively plain fixed-income style allocation with a defined maturity profile rather than an equity-led growth engine. The portfolio is heavily anchored in government securities, so the outcome is likely to depend more on interest-rate and sovereign debt behaviour than on broad market momentum.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.0184 as of 11 Sep 2026 |
| AUM | ₹0 Cr |
| Expense Ratio | 0.04% |
| Launch Date | 10 Mar 2025 |
| Min SIP | ₹100 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Brijesh Shah |
The fund is managed by Brijesh Shah.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.24% | -4.81% |
| 3M | 0.85% | -3.63% |
| 1Y | 5.4% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been steadier than the benchmark. Over 1M and 3M, the fund stayed slightly positive or near flat while the benchmark was down, which suggests the scheme has been more resilient in the latest stretch.
The 1-year return is also positive at 5.4%, while the benchmark is negative over the same period. That gap matters because it shows the fund has not simply followed the benchmark lower in the recent cycle; it has held up better on the available one-year view.
We should be careful about reading too much into the longer horizon, because 3-year and 5-year returns are not available yet. The fund began in March 2025, so the available record is still short. Even so, the pattern in the daily movement is consistent with a debt-oriented index fund that can move in small steps and still face brief drawdowns when rates or bond pricing shift.
For investors, the main takeaway is that this has been a modest-return profile rather than a high-growth one. The short-term numbers are better than the benchmark figures supplied here, but the absence of a longer track record means the fund is still building evidence on how it behaves across different rate cycles.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Bandhan CRISIL-IBX 10:90 Gilt+SDL Index – Dec 2029?
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 Bandhan CRISIL-IBX 10:90 Gilt+SDL Index – Dec 2029? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan CRISIL-IBX 10:90 Gilt+SDL Index – Dec 2029 Fund Direct Growth Plan | 5.4% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the peer set, the fund’s 1-year return is much lower than the equity-oriented peer figures shown here. That does not make the comparison unfair; it simply reflects that this scheme is built around government securities and SDL exposure, while several peers in the table belong to quite different return environments.
On the longer horizon, the comparison is limited because the fund itself does not yet have 3-year or 5-year figures. Among peers with available longer data, some show strong multi-year outcomes, which highlights how much the investment design matters when the objective is different. So the short-term comparison and the longer-term peer picture tell different stories, and that is important for reading this fund correctly.
Source data date: as of 11 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 6.79% GOI (MD 26/12/2029) | Government Securities | 91.53% |
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 2.93% |
| 7.11% Maharashtra SDL (MD 31/07/2029) | Government Securities | 2.77% |
| Triparty Repo TRP_010926 | Cash & Cash Equivalents and Net Assets | 2.72% |
The largest holding, 6.79% GOI (MD 26/12/2029), carries a very large 91.53% weight. That means the fund’s behaviour is likely to be heavily shaped by the price moves of that single sovereign bond, with the rest of the portfolio playing only a supporting role.
The weight then falls sharply to 2.93% for net current assets, 2.77% for the Maharashtra SDL position and 2.72% for triparty repo. With only four disclosed holdings in total, the structure is highly concentrated rather than spread across a broad list of securities.
That concentration may give the fund a clear, simple profile, but it also means the single government security is likely to have greater influence than any other position. The top disclosed holdings together account for 99.95% of the portfolio, so the visible portfolio is almost fully accounted for by a small number of debt instruments and cash-like balances.
Source data date: as of 11 Sep 2026
Who should invest
This fund may suit investors who are comfortable with a Balanced Risk debt-style allocation and who can stay invested long enough for bond-linked returns to play out. The available performance pattern is positive in the latest periods, but the longer-term record is still incomplete, so it is better viewed as a building-stage track record than a mature one.
The trade-off is straightforward: the portfolio is concentrated in sovereign debt, which can bring steadier characteristics than equity funds, but it also limits upside. Investors looking for a short- to medium-term fixed-income allocation, with a clearer view on interest-rate sensitivity than on equity growth, may find the structure easier to understand than a more diversified but less predictable fund.
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 |
No exit load.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan CRISIL-IBX 10:90 Gilt+SDL Index – Dec 2029 Fund Direct Growth Plan?
The current NAV is ₹11.0184 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 5.4%, while the 3-year and 5-year returns are Data not available.
How has the fund performed versus its benchmark?
The fund has held up better than the benchmark over 1M, 3M and 1Y. The benchmark figures are negative across those same periods, while the fund stays positive or near flat.
How does it compare with peers on available return data?
Its 1-year return is lower than the peer figures shown for several equity-oriented funds in the comparison table. The comparison is still useful, but the peer set includes different strategies, so the gap reflects both performance and fund design.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the portfolio and exit-load profile?
The portfolio is concentrated, with 6.79% GOI (MD 26/12/2029) at 91.53% weight and only four disclosed holdings. There is no exit load.
Bottom line
This fund’s recent return profile is better than its benchmark over the periods available, but it still has a short operating history and no 3-year or 5-year track record yet. The peer comparison also shows that the return profile sits in a very different lane from several equity-oriented peers. With a Balanced Risk tag and a portfolio dominated by one sovereign security, it looks most relevant to investors who want a debt-focused allocation and can accept a narrow, rate-sensitive structure rather than broad diversification.
Published on 16 September 2026 at 2:25 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.