SBI CRISIL IBX SDL Index – Sep 2027 Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
SBI CRISIL IBX SDL Index – Sep 2027 Fund Direct Growth Plan has a NAV of ₹13.2955 as of 16 Sep 2026 and an AUM of ₹1,808 Cr. Its 1-year, 3-year and 5-year returns are 6.08%, 7.47% and 0%, and the fund sits in the Balanced Risk category.
Our view is that this is a fairly narrow-duration index strategy with a low expense ratio and a portfolio dominated by state government securities maturing around 2027. The return profile has been steadier over 3 years than in the most recent year, so it may suit investors who want a defined-income style exposure and can accept modest return swings rather than equity-like growth.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.2955 as of 16 Sep 2026 |
| AUM | ₹1,808 Cr |
| Expense Ratio | 0.23% |
| Launch Date | 04 Oct 2022 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.15% on or before 30D, Nil after 30D |
| Fund Managers | Ranjana Gupta |
The fund is managed by Ranjana Gupta.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.25% | -4.41% |
| 3M | 1.62% | -3.6% |
| 1Y | 6.08% | -7.76% |
| 3Y | 7.47% | 5.74% |
| 5Y | Data not available | Data not available |
The recent pattern is better than the benchmark over 1 month, 3 months and 1 year. That gap matters because the benchmark has been weak over the same windows, while the fund still managed to stay positive.
At the same time, the 3-year return is only moderately ahead of the benchmark rather than sharply higher. That tells us the fund has done a better job of preserving and compounding value than the benchmark, but it has not produced a large step-up in long-term growth.
The time pattern also looks calmer than the benchmark’s sharper swings. The fund’s 1-year path shows moderate gains with some pauses, while the benchmark has moved through a much weaker stretch. For an investor, that suggests this is more of a steady fixed-income-style return profile than a high-momentum story.
Because the scheme is newer and the 5-year figure is not available, the 3-year record is the clearest guide to behaviour. On that basis, our reading is that the fund has been consistent enough for a measured income-oriented allocation, but not the kind of product that would be chosen for fast capital growth.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD SBI CRISIL IBX SDL Index – Sep 2027?
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 SBI CRISIL IBX SDL Index – Sep 2027? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| SBI CRISIL IBX SDL Index – Sep 2027 Fund Direct Growth Plan | 6.08% | 7.47% | 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 lower than the strongest peer figures in this set, but that is not surprising given that the peers here are equity-leaning index strategies. The more useful comparison is that the fund still stayed positive when several peers were also posting strong one-year gains.
On a 3-year view, the fund trails the higher-return equity peers by a wide margin, while remaining ahead of the benchmark path shown elsewhere in this article. That keeps the comparison balanced: the scheme is not built to match equity-style upside, yet it has still delivered a respectable longer-term result for its segment. The 1-year and 3-year comparisons tell different stories, with the short-term gap looking much larger than the multi-year gap.
Source data date: as of 16 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.18% State Government of Tamil Nadu 2027 | Government Securities | 23.44% |
| 7.20% State Government of Maharashtra 2027 | Government Securities | 16.47% |
| 7.38% State Government of Karnataka 2027 | Government Securities | 13.15% |
| 7.45% State Government of Rajasthan 2027 | Government Securities | 10.35% |
| 7.33% State Government of Maharashtra 2027 | Government Securities | 8.25% |
| 7.38% CGL 2027 | Government Securities | 3.64% |
| 7.25% State Government of Gujarat 2027 | Government Securities | 3.63% |
| 7.17% State Government of Gujarat 2027 | Government Securities | 3.04% |
| TREPS | Cash & Cash Equivalents and Net Assets | 2.64% |
| 7.46% State Government of Madhya Pradesh 2027 | Government Securities | 2.24% |
The largest holding is 7.18% State Government of Tamil Nadu 2027 at 23.44%, which is a meaningful anchor position. After that, the weights step down fairly quickly, with the tenth disclosed holding at 2.24%, so the gap from the largest line item to the tail is wide.
The top 10 holdings together account for approximately 86.85% of the portfolio. That suggests a concentrated structure in a small set of state government securities and cash-like exposure, which may make the fund’s behaviour easier to follow but also means each major line item could have greater influence on returns.
There are 23 disclosed holdings in total, so the visible list leaves room for a longer tail beyond the top 10. Even so, the combined weight of the shown holdings indicates that most of the portfolio is still tied to a handful of core positions rather than being broadly spread out.
To see all holdings, visit the SBI CRISIL IBX SDL Index – Sep 2027 Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund may suit investors with a moderate tolerance for risk who want a debt-oriented index exposure rather than an equity growth profile. The Balanced Risk label and the mostly government-security portfolio point to a calmer structure than equity funds, while the return pattern shows positive but limited compounding over 1 year and 3 years.
An investor would generally need a medium-term horizon and comfort with the fact that returns are likely to be modest rather than strong. The main trade-off is that the scheme offers a relatively disciplined structure and benchmark-like debt exposure, but it will not match the upside of high-growth market segments that appear in the peer set.
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: 0.15% on or before 30 days, nil after 30 days.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of SBI CRISIL IBX SDL Index – Sep 2027 Fund Direct Growth Plan?
The current NAV is ₹13.2955 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 6.08%, the 3-year return is 7.47%, and the 5-year return is Data not available.
How has the fund performed versus its benchmark?
It has done better than the benchmark over 1 month, 3 months, 1 year and 3 years. The 1-year fund return is 6.08% versus -7.76% for the benchmark.
How does the fund compare with the peer funds listed here?
The fund’s 1-year and 3-year returns are well below the equity-style peer figures shown in the comparison table, but those peers are in different strategies. Within this set, the fund’s profile is more stable and debt-oriented.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the exit load and who manages the fund?
The exit load is 0.15% on or before 30 days and nil after 30 days. The fund is managed by Ranjana Gupta.
Bottom line
This fund’s short-term performance has been steadier than its benchmark, while the 3-year return shows a modestly positive compounding path rather than a strong growth run. Against the listed peer funds, it looks much more conservative and debt-oriented, with returns that are lower but also tied to a very different risk profile. The portfolio is concentrated in a handful of 2027 state government securities, so the core exposure is easy to understand. It may fit investors seeking a measured, medium-term allocation with balanced risk and a narrow, index-driven bond style.
Published on 17 September 2026 at 5:20 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.