DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Plan is priced at ₹13.3721 as of 16 Sep 2026, with an AUM of ₹1,649 Cr. Its 1-year, 3-year and 5-year returns are 5.61%, 7.4% and 0%, and the risk category is Balanced Risk. Our view is that this is a relatively steady debt-oriented index option for investors who are comfortable with moderate fluctuations and want a defined maturity-year structure rather than equity-style upside.
The fund’s recent numbers are stronger than its benchmark’s short-term behaviour, while the 3-year record remains modest and the 5-year figure is not available as a meaningful track record. The portfolio is anchored in government securities and SDLs, so the return profile is likely to be shaped more by interest-rate moves than by credit-risk search for yield.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.3721 as of 16 Sep 2026 |
| AUM | ₹1,649 Cr |
| Expense Ratio | 0.16% |
| Launch Date | 21 Mar 2022 |
| Min SIP | ₹100 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Shantanu Godambe |
The fund is managed by Shantanu Godambe.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.13% | -4.41% |
| 3M | 1.22% | -3.6% |
| 1Y | 5.61% | -7.76% |
| 3Y | 7.4% | 5.74% |
| 5Y | Data not available | Data not available |
In the short term, the fund has held up much better than the benchmark. Over 1 month and 3 months, the fund stayed in positive territory while the benchmark was negative, which points to better downside control during a weak stretch for the benchmark.
The 1-year return also stands apart because the fund is positive while the benchmark is negative. That gap suggests the fund’s bond-heavy structure has behaved differently from the equity benchmark it is measured against, especially when broad market swings were unfavourable to the index.
The 3-year picture is calmer but less striking. The fund’s 7.4% return is above the benchmark’s 5.74%, so it has still added value over a longer holding period, but not by a wide margin. The pattern tells us that the fund has been more resilient in the recent phase than the benchmark, while the longer view remains a moderate compounding story rather than a high-growth one.
Its return path is also relatively even, which fits a portfolio built around government securities and SDLs. That structure can support smoother movement, but it also means the upside is likely to be tied to bond-market conditions rather than equity-style expansion.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index?
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 DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Plan | 5.61% | 7.4% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is far below the strongest peer figures shown here, although it still remains positive while the benchmark was negative over the same period. That tells us the fund has not matched the recent upside seen in equity-linked peers, but it has behaved more defensively than the benchmark.
On longer horizons, the fund’s 3-year return is also lower than the higher-growth peers with available figures, including the ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan. Even so, its 3-year result is ahead of its benchmark and is more consistent with a fixed-income style return pattern than with the sharper swings common in the peer set.
The short-term and longer-term comparisons therefore tell different stories: relative to peers with available data, the fund is much more subdued on return potential, but relative to its benchmark, it has delivered a better defensive showing.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 8.28% GOI 21092027 | Government Securities | 24.05% |
| 7.17% GOI 08012028 | Government Securities | 22.11% |
| 8.60% GOI 02062028 | Government Securities | 15.71% |
| 7.06% GOI 10042028 | Government Securities | 7.27% |
| 8.25% Gujarat SDL 25042028 | Government Securities | 7.02% |
| 8.15% Tamil Nadu SDL 09052028 | Government Securities | 4.58% |
| 6.98% Maharashtra SDL 26022028 | Government Securities | 3.11% |
| 8.26% Gujarat SDL 14032028 | Government Securities | 1.93% |
| 8.14% Haryana SDL 27032028 | Government Securities | 1.42% |
| TREPS / Reverse Repo Investments | Cash & Cash Equivalents and Net Assets | 1.16% |
The largest holding is 8.28% GOI 21092027 at 24.05%, which is a meaningful single-position weight. That level suggests the fund may be sensitive to yield changes in one key government security, even though the overall structure is still anchored in sovereign instruments.
The weight falls to 1.16% by the tenth disclosed holding, so the top positions are clearly more important than the tail. The first three holdings alone account for 61.87% of the visible portfolio, which shows that the fund’s exposed core is fairly concentrated around a handful of dated government securities.
At the same time, the disclosed top 10 holdings add up to 88.36% across 21 holdings in total, so the portfolio is not a one-security structure. It is better described as a concentrated fixed-income book with a longer tail of smaller positions that may help diversify maturity and issuer exposure within the same government-securities universe.
To see all holdings, visit the DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund may suit investors who can tolerate moderate interest-rate movement and prefer a defined maturity-year fixed-income structure over equity-led growth. The Balanced Risk tag and the bond-heavy portfolio make it more relevant for people who want stability in the portfolio mix, but are still comfortable with periodic mark-to-market variation.
The main trade-off is straightforward: the fund has been steadier than its benchmark and has delivered better recent numbers, but it is not built for aggressive upside. Investors with a medium to longer horizon who value government-security exposure and a relatively measured return pattern may find it more fitting than someone looking for fast compounding.
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 16 Sep 2026
Frequently asked questions
What is the current NAV of DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Plan?
The NAV is ₹13.3721 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.61%, its 3-year return is 7.4%, and its 5-year return is 0% on the displayed record.
How does the fund compare with its benchmark?
It has been ahead of the benchmark over 1 month, 3 months, 1 year and 3 years. The 1-year benchmark return is -7.76%, while the fund has stayed positive at 5.61%.
How does it compare with the peer funds shown here?
Its 1-year return is below the peer equity-oriented index funds listed here, while its 3-year return is also lower than the higher-return peers with available 3-year figures. It has been steadier than the benchmark, but not as strong on recent upside as those peers.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Shantanu Godambe. The exit load is no exit load.
Bottom line
This fund’s recent performance is better than its benchmark and its longer record is still positive, but the return pattern is measured rather than exciting. Compared with the peer funds shown here, it looks far more subdued on upside, yet its bond-heavy structure has helped it stay steadier than the benchmark. The Balanced Risk profile, government-security focus and concentrated set of dated sovereign holdings make it more suitable for investors who want a defined maturity-year fixed-income allocation and can accept moderate rate sensitivity.
Published on 17 September 2026 at 2:38 PM 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.