Kotak Nifty SDL Jul 2033 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak Nifty SDL Jul 2033 Index Fund Direct Growth Plan has a NAV of ₹12.952 as of 17 September 2026 and an AUM of ₹178 Cr. Its 1-year, 3-year and 5-year returns are 5.19%, 6.99% and 0%, and the scheme is tagged as Medium Risk.
Our view is that the fund fits investors who want a dated government-securities strategy with moderate risk rather than a high-growth equity style. Recent returns have been modest, but the longer 3-year run is steadier, and the portfolio is built around sovereign-style exposure rather than a wide spread of diversified holdings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹12.952 as of 17 Sep 2026 |
| AUM | ₹178 Cr |
| Expense Ratio | 0.22% |
| 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 | Abhishek Bisen |
The fund is managed by Abhishek Bisen.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.82% | -3.66% |
| 3M | 0.86% | -3.71% |
| 1Y | 5.19% | -7.13% |
| 3Y | 6.99% | 5.82% |
| 5Y | Data not available | Data not available |
The short-term pattern has been mixed, but it is still better than the benchmark’s own recent path. Over 1 month, the fund was slightly negative while the benchmark fell more sharply; over 3 months, the fund turned positive while the benchmark remained negative.
The 1-year return is also ahead of the benchmark by a wide margin, which points to a more resilient recent stretch. That said, the 3-year picture is more balanced because the fund’s 6.99% sits only modestly above the benchmark’s 5.82%, so the longer run does not show the same degree of outperformance as the 1-year window.
The 3-year series suggests a relatively steady compounding pattern with some pauses, rather than a smooth upward climb. For us, that matters because this is not an instrument where investors should expect dramatic jumps; the return profile is closer to slow accumulation with periods of fluctuation.
Since there is no usable 5-year return for either side, we would avoid stretching the interpretation beyond the available history. The cleaner read is that the fund has handled recent weakness better than the benchmark, while the medium-term record is still modest in absolute terms.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Kotak Nifty SDL Jul 2033 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 Kotak Nifty SDL Jul 2033 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Nifty SDL Jul 2033 Index Fund Direct Growth Plan | 5.19% | 6.99% | 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 peer set shows a clear gap in recent returns because the fund’s 1-year gain of 5.19% trails the available comparison funds by a wide distance. Even the least-strong peer in this group has delivered materially higher 1-year returns, so the short-term backdrop is not favourable on a simple return basis.
The longer view is more nuanced. The fund’s 3-year return of 6.99% is lower than the available 3-year figures for the stronger peer funds with disclosed medium-term numbers, but it does hold up better than the short-term profile might suggest. That split tells us the fund has been steadier over time than its recent one-year result indicates, yet it has not matched the better long-term compounding seen elsewhere.
In practical terms, the peer comparison suggests a conservative return engine rather than an aggressive one. The short-term and longer-term comparisons do not tell the same story: recent performance is clearly subdued, while the medium-term record is more orderly, even if not especially strong.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.64% Maharashtra State Govt – 2033 – Maharashtra | Government Securities | 18.68% |
| 7.79% Uttar Pradesh State Govt – 2033 – Uttar Pradesh | Government Securities | 11.38% |
| 7.71% Andhra Pradesh State Govt – 2033 – Andhra Pradesh | Government Securities | 9.9% |
| 7.74% Maharashtra State Govt – 2033 – Maharashtra | Government Securities | 8.54% |
| 6.87% Andhra Pradesh State Govt – 2033 – Andhra Pradesh | Government Securities | 8.53% |
| 7.72% Bihar State Govt – 2033 – Bihar | Government Securities | 8.5% |
| 7.32% Tamil Nadu State Govt – 2033 – Tamil Nadu | Government Securities | 8.35% |
| 7.73% Bihar State Govt – 2033 – Bihar | Government Securities | 5.67% |
| 7.44% Tamil Nadu State Govt – 2033 – Tamil Nadu | Government Securities | 5.6% |
| 7.40% Assam State Govt – 2033 – Assam | Government Securities | 5.57% |
The largest holding alone is 18.68%, so it is likely to have a meaningful influence on how the portfolio moves. After that, the weights step down fairly quickly, with the tenth holding at 5.57%; that drop suggests the portfolio is not evenly spread across its biggest names.
The top 10 holdings together account for approximately 90.72% of the portfolio, which points to a fairly concentrated disclosed book. That does not automatically make the fund risky, but it does mean a handful of positions may contribute most of the return pattern investors see.
We also note that the disclosed holdings count is 12, so the visible exposure is still built around a relatively short tail beyond the top positions. For investors, that usually means the portfolio’s behaviour may be driven more by the largest line items than by broad diversification across many small holdings.
To see all holdings, visit the Kotak Nifty SDL Jul 2033 Index Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who are comfortable with Medium Risk and want exposure to a government-securities-style portfolio rather than an equity-led growth fund. The 1-year result is weak relative to many peers, but the 3-year track is steadier, so the better fit is for people with a medium-to-long horizon who can tolerate uneven short-term moves.
The main trade-off is that the portfolio may offer stability relative to more volatile strategies, but it does not offer the kind of upside seen in stronger peer return sets. For investors who value a dated sovereign allocation and can accept modest returns with lower drama, the fit is more reasonable than for those seeking fast capital growth.
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 Kotak Nifty SDL Jul 2033 Index Fund Direct Growth Plan?
The current NAV is ₹12.952 as of 17 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.19%, its 3-year return is 6.99%, and its 5-year return is 0%. The 5-year figure is not usable as a real return value here, so the practical long-run read comes mainly from the shorter available history.
How does the fund compare with its benchmark?
It has done better than the benchmark over 1 month, 3 months and 1 year, but the 3-year gap is narrower. That suggests stronger recent behaviour, though not a dramatic long-term lead.
How does the fund compare with the peer funds listed here?
Its 1-year return is much lower than the peer set shown here, while its 3-year return is more modest rather than standout. The comparison points to a steadier but less rewarding recent profile.
What is the minimum SIP for this fund?
The minimum SIP is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Abhishek Bisen. It has no exit load.
Bottom line
Kotak Nifty SDL Jul 2033 Index Fund Direct Growth Plan has a mixed shape: the recent return profile is subdued, but the 3-year record is steadier and better aligned with a conservative fixed-income-style expectation. Relative to the peer set shown here, the fund trails clearly on recent gains, while its risk profile and government-securities-heavy holdings suggest a more measured path than a high-octane one. It may appeal to investors who can accept modest returns in exchange for a more structured, dated portfolio.
Published on 18 September 2026 at 11:48 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.