Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund Direct Growth Plan has a NAV of ₹13.3902 as of 18 Sep 2026 and an AUM of ₹645 Cr. Its 1-year, 3-year and 5-year returns are 5.6%, 7.44% and 0%, and the fund carries a Balanced Risk profile. Our view is that it suits investors who want a steady, date-sensitive income-oriented allocation rather than a high-growth equity-style profile.
The fund’s return pattern is modest but not inactive. The benchmark has been much weaker over the latest year, while the fund has stayed positive and has also held up better over the 3-year period. That makes this a more defensive-feeling index fund than a broad equity benchmark, with the portfolio structure helping explain the steadier behaviour.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.3902 as of 18 Sep 2026 |
| AUM | ₹645 Cr |
| Expense Ratio | 0.23% |
| Launch Date | 30 Mar 2022 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Murthy Nagarajan, Amit Somani |
The fund is managed by Murthy Nagarajan and Amit Somani.
Source data date: as of 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.27% | -3.73% |
| 3M | 1.45% | -3.14% |
| 1Y | 5.6% | -5.31% |
| 3Y | 7.44% | 6.3% |
| 5Y | Data not available | Data not available |
Recent performance has been steadier than the benchmark. Over 1 month and 3 months, the fund stayed in positive territory while the benchmark remained negative, which suggests the strategy has cushioned some of the short-term pressure seen in the comparison index.
The 1-year figure is the clearest sign of resilience. The fund’s 5.6% return contrasts with a -5.31% benchmark return, so the gap is not about marginal outperformance but about a very different short-term path. That kind of spread matters for investors who want the portfolio to avoid sharp drawdowns while still compounding.
Over 3 years, the picture is more balanced but still positive for the fund. The fund returned 7.44% versus 6.3% for the benchmark, which shows a moderate edge rather than a dramatic one. In our view, that combination points to a strategy that has held up better than the benchmark across both recent and medium-term windows, even if the pace of compounding remains contained.
The 5-year field does not give a meaningful long-run comparison here, so the most useful read is the contrast between the current year and the 3-year trend. The fund has not looked explosive, but it has looked more stable than the benchmark over the recent cycle.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 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 Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund Direct Growth Plan | 5.6% | 7.44% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 31.6% | 30.84% | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.44% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 21.24% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.45% | 19.9% | 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 well below the strongest peer figures shown, but that does not change the more important style read: this is not built to behave like a fast-growing thematic equity fund. Its 3-year return is also lower than the stronger peer numbers available, although the peer set includes funds with very different exposures and return histories.
The comparison tells two stories at once. On a short horizon, the fund looks restrained versus the higher-return peers; on the medium horizon, it remains more subdued than the best available peer figures. That makes the fund’s relative appeal more about steadiness and portfolio construction than about trying to match the return profile of equity-heavy peers.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ** 07.70 % REC Ltd – 10/12/2027 | Corporate Debt | 12.89% |
| ** 07.54 % Indian Railways Finance Corporation Ltd – 31/10/2027 | Corporate Debt | 8.84% |
| SDL Tamilnadu 7.65% (06/12/2027) | Government Securities | 8.69% |
| SDL Gujarat 7.75% (13/12/2027) | Government Securities | 6.3% |
| ** 07.30 % Power Grid Corporation of India Ltd – 19/06/2027 | Corporate Debt | 6.05% |
| SDL Uttar Pradesh 7.85% (27/12/2027) | Government Securities | 5.99% |
| ** 07.20 % Power Grid Corporation of India Ltd – 09/08/2027 | Corporate Debt | 5.72% |
| SDL Karnataka 7.76% (13/12/2027) | Government Securities | 5.59% |
| SDL West Bengal 7.72% (20/12/2027) | Government Securities | 4.72% |
| SDL Uttar Pradesh 7.67% (29/11/2027) | Government Securities | 3.93% |
The top 10 holdings account for approximately 68.72% of the portfolio.
To see all holdings, visit the Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund Direct Growth Plan page
The largest holding, REC Ltd, carries a 12.89% weight, which is large enough to matter in day-to-day portfolio behaviour. The next few positions are also meaningful, but the drop from the first holding to the tenth is clear, with the tenth holding at 3.93%.
That pattern suggests the fund is not a one-position portfolio, yet it is not fully diffused either. A handful of corporate debt and state development loan positions carry the bulk of the visible weight, and those holdings may have greater influence on the fund’s returns than the smaller lines that follow.
With 25 disclosed holdings in total and nearly 69% of the portfolio in the ten largest names, the structure looks moderately concentrated rather than widely spread. That concentration could help the fund track its targeted bond mix closely, but it also means the largest positions deserve attention when investors think about short-term fluctuations.
Source data date: as of 18 Sep 2026
Who should invest
This fund fits investors who are comfortable with a Balanced Risk profile and want a portfolio that has behaved more steadily than its benchmark over the recent year. The 1-year and 3-year returns suggest a measured compounding pattern rather than a fast-rising one, so the likely fit is a medium-term investor who values stability and structure over aggressive growth.
The main trade-off is that the fund’s better short-term resilience comes with a return profile that is still modest next to stronger equity-style peers. Investors who want a calmer path and bond-heavy allocation characteristics may find that trade-off acceptable, while those seeking higher upside will probably look elsewhere.
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 18 Sep 2026
Frequently asked questions
What is the current NAV of Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund Direct Growth Plan?
Its NAV is ₹13.3902 as of 18 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 5.6% for 1 year, 7.44% for 3 years and 0% for 5 years.
How does the fund compare with its benchmark?
It has stayed ahead of the benchmark in the available periods. The fund’s 1-year return is 5.6% versus -5.31% for the benchmark, and its 3-year return is 7.44% versus 6.3%.
How does it compare with the peer funds listed here?
Its 1-year return of 5.6% is lower than the peer returns shown for the listed equity-oriented funds, while its 3-year return of 7.44% is also below the peers with available 3-year figures. The comparison is limited because the peers are in different styles and have different return histories.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Murthy Nagarajan and Amit Somani. There is no exit load.
Bottom line
This fund’s recent numbers look steadier than its benchmark, while the longer view still points to moderate rather than high-octane compounding. Against the peer set shown here, it sits well below the stronger equity-style returns, but that comparison is only partly fair because the underlying portfolio is built very differently. The Balanced Risk tag, the bond-heavy mix and the absence of exit load together make it more suitable for investors who want a controlled, medium-term allocation with a defined portfolio structure.
Published on 21 September 2026 at 9:43 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.