Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund Direct Growth Plan currently has a NAV of ₹12.882 as of 17 Sep 2026 and an AUM of ₹145 Cr. Its 1-year, 3-year and 5-year returns are 5.18%, 7.15% and Data not available, and the scheme is tagged as Medium Risk. Our view is that this is a compact, government-securities-heavy short-duration index fund that suits investors who want a relatively steady debt allocation rather than an aggressive return chase.
The recent return profile is modestly positive, while the longer stretch is steadier than the benchmark figures shown for the same periods. That makes it more relevant for conservative investors who can stay patient through short bouts of rate-driven movement and who value a portfolio anchored in sovereign and state government paper.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹12.882 as of 17 Sep 2026 |
| AUM | ₹145 Cr |
| Expense Ratio | 0.2% |
| Launch Date | 15 Feb 2023 |
| Min SIP | ₹100 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Dhawal Dalal, Hetul Raval |
The fund is managed by Dhawal Dalal and Hetul Raval.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.3% | -3.66% |
| 3M | 0.75% | -3.71% |
| 1Y | 5.18% | -7.13% |
| 3Y | 7.15% | 5.82% |
| 5Y | Data not available | Data not available |
The recent numbers point to a fund that has held up better than the benchmark in the near term. Over 1 month, the fund was slightly negative, but the benchmark fell more sharply. Over 3 months, the fund recovered into positive territory while the benchmark remained negative, which suggests the fund has been less sensitive to the weaker phase visible in the benchmark.
The 1-year return is the clearest sign of relative strength, with the fund positive while the benchmark shows a meaningful decline. That gap matters for a debt-oriented strategy because it indicates the fund has not simply matched the benchmark; it has behaved more defensively through the last year. Over 3 years, the fund still leads the benchmark, although the margin is narrower than in the 1-year period.
The trend also looks uneven rather than straight-line. The fund’s 3-year path shows periods of improvement and giveback, which is normal for a short-duration gilt strategy exposed to interest-rate moves. Our read is that the fund has delivered a steadier compounding pattern than the benchmark in the periods shown, but it has still experienced enough fluctuation to remind investors that this is not a cash-like product.
For investors comparing it with the benchmark, the key point is that the fund has recently outperformed the index on the return periods shown while keeping the same broad debt orientation. That combination can be useful for conservative allocators, but it does not eliminate duration-related variability.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration 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 Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund Direct Growth Plan | 5.18% | 7.15% | 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 fund’s 1-year return is well below the higher-return peers listed here, which is expected because those peers sit in very different equity-led segments. Even so, the fund’s 3-year return is ahead of the peer figures available for that same period in this list, except where the peer has no 3-year figure. That makes the short-term and longer-term comparison tell different stories: the fund looks modest on 1-year momentum, but more stable when the longer period is considered.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.32% Govt of India Red 13-11-2030 | Government Securities | 21.15% |
| 6.9% Maharashtra SDL Red 04-02-2030 | Government Securities | 17.04% |
| 7.17% Gujarat SDL Red 08-01-2030 | Government Securities | 10.3% |
| 7.10% Govt of India Red 18-04-2029 | Government Securities | 9.77% |
| 7.17% Govt of India Red 17-04-2030 | Government Securities | 7% |
| 7.38% Govt of India Red 20-06-2027 | Government Securities | 6.94% |
| 6.13% Govt of India Red 04-06-2028 | Government Securities | 4.11% |
| 8.28% Gujarat SDL Red 13-02-2029 | Government Securities | 3.53% |
| 7.76% Karnataka SDL Red 13-12-2027 | Government Securities | 3.49% |
| 6.75% Govt of India Red 23-12-2029 | Government Securities | 3.46% |
The largest holding is 7.32% Govt of India Red 13-11-2030 at 21.15% of the portfolio. That is a meaningful position, so its price movement may have greater influence on the fund than any smaller line item in the table. The weight then steps down to 17.04%, 10.3% and 9.77%, which shows that the top positions still carry most of the visible weight even though the fund is not a one-holding portfolio.
The drop from the largest holding to the tenth is fairly gradual rather than abrupt. By the tenth line, the weight is still 3.46%, which suggests the fund spreads exposure across several government and state-backed securities instead of concentrating everything in one or two bonds. That kind of structure may soften the impact of any single bond, while still leaving the portfolio exposed to rate and yield changes across the basket.
With the top 10 holdings accounting for approximately 86.79% of the portfolio and 15 holdings disclosed in total, the visible portfolio looks fairly concentrated at the top but still diversified across a longer tail. In our view, that balance is consistent with a short-duration government-debt strategy where the main risk comes less from credit quality and more from interest-rate movement and the behaviour of the underlying securities.
To see all holdings, visit the Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund may suit conservative investors who are comfortable with medium risk and want a debt-oriented allocation that is still influenced by interest-rate moves. The 1-year and 3-year figures suggest steadier behaviour than the benchmark periods shown, which can appeal to investors looking for more stability than equity funds but not full cash-equivalent certainty.
The main fit is for a medium-term horizon, especially where an investor wants exposure to government and state government securities through an index structure. The trade-off is that returns are likely to remain moderate and can move around when bond yields shift, so this is better for patience than for quick gains.
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 17 Sep 2026
Frequently asked questions
What is the current NAV of this fund?
The current NAV is ₹12.882 as of 17 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.18% and its 3-year return is 7.15%. The 5-year return is Data not available.
How has the fund compared with its benchmark?
It has done better than the benchmark in the periods shown. The 1-year and 3-month figures are positive for the fund while the benchmark is negative, and the 3-year return also stays ahead of the benchmark.
How does it compare with the listed peer funds?
Its 1-year return is lower than the equity-oriented peers listed here, but its 3-year return is stronger than the peer figures available for that same period in this comparison set. That means the short-term and longer-term comparison do not tell the same story.
Is there a minimum SIP amount?
No minimum SIP amount is stated here. SIP investing is allowed.
Who manages the fund and what is the exit load?
The fund is managed by Dhawal Dalal and Hetul Raval. The exit load is no exit load.
Bottom line
This fund has looked steadier than its benchmark across the periods shown, even though the near-term return profile is modest. Compared with the listed peers, it does not match their equity-style gains on 1-year numbers, but its longer-horizon return stands out more favorably within the comparison set where 3-year figures are available. The portfolio is built mainly from government securities and SDLs, so the return profile comes with medium risk and rate sensitivity rather than credit-heavy uncertainty.
Published on 18 September 2026 at 11:37 AM 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.