Axis CRISIL IBX 50:50 Gilt Plus SDL Sep 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Axis CRISIL IBX 50:50 Gilt Plus SDL Sep 2027 Index Fund Direct Growth Plan has a NAV of ₹12.9462 as of 28 Aug 2026 and a scheme AUM of ₹36 Cr. Its 1-year, 3-year and 5-year returns are 5.9887%, 7.4791% and 0% respectively, and the scheme sits in the Balanced Risk category.

Our view is that this is a short-duration gilt-and-SDL index fund suited to investors who can accept moderate risk in exchange for a relatively contained portfolio profile. The return pattern has been steady over the medium term, but it has not matched the benchmark’s longer history, so the fund looks more suitable as a conservative debt allocation than as a high-growth holding.

Quick facts

The fund is managed by Aditya Pagaria and Sachin Jain.

Source data date: as of 28 Aug 2026

Performance

Recent performance has been mixed, but the fund has stayed positive across the shorter windows. The 1-month return is modestly positive and better than the benchmark’s decline, while the 3-month return is positive but trails the benchmark’s stronger rebound over that stretch. That tells us the fund has not moved in a straight line, yet it has remained comparatively controlled.

The 1-year return is the clearest strength in the current period. It is positive while the benchmark’s 1-year return is negative, which points to a more resilient short-horizon outcome for the fund. For investors watching only the past year, that contrast matters more than the quieter 1-month picture.

Over 3 years, the fund continues to compound at a measured pace, with 7.48% against the benchmark’s 6.40%. That gap is not large, but it does show that the fund has kept up reasonably well over a longer stretch. The 5-year figure is not available because the scheme has not been in market long enough for a meaningful 5-year track record.

Overall, the pattern is steadier than exciting. The fund has not delivered sharp swings, and the short-term numbers suggest a more defensive path than the benchmark at some points, but its longer window still leaves room for improvement if an investor is comparing it with broader market returns.

Source data date: as of 28 Aug 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is far below the strongest peer return figures shown here, so the recent comparison is not especially compelling on short-horizon performance. At the same time, the 3-year return is available and positive, which gives the fund a more balanced longer-window picture than the 1-year spread alone suggests.

Among the peers with available 3-year numbers, the current fund’s 3-year return is well below the higher-growth peer with a longer history, but that is also a different category mix and not a like-for-like comparison. Within the available set, the main takeaway is that this fund’s return profile is much more restrained on the recent side while still showing stable medium-term compounding.

The short-term and longer-term comparison tell slightly different stories. Recent peer figures are much higher, but the current fund’s 3-year result is still positive and more even than the short-window gap might imply. That makes the scheme look more suitable for investors who value steadier debt-style participation than for those chasing strong recent momentum.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The portfolio is almost entirely in government securities, and that makes the scheme’s structure easy to read. With 95.51% in Government Securities and just 4.49% in cash and cash equivalents plus net assets, the fund is built around sovereign and state-linked debt exposure rather than equity-like diversification.

The largest sector is materially larger than the rest of the portfolio. Government Securities dominates the mix, while the residual cash and net assets bucket stays small, so the scheme’s behaviour is likely to be shaped mainly by movements in the government bond side of the market. Within that bucket, the 7.38% Government of India security and the 7.33% Maharashtra SDL are the two most visible holdings in the table.

Because the portfolio is concentrated in one sector, that sector may have the greatest influence on performance, even though the holdings themselves are within a bond-oriented index structure. The lack of any large-, mid- or small-cap equity exposure also means this fund should behave differently from equity funds when markets turn volatile.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with moderate risk and want a debt-oriented allocation rather than an equity-driven growth story. The Balanced Risk label is consistent with the portfolio, which is concentrated in government securities and cash-like assets rather than shares, so the main trade-off is accepting limited upside in exchange for a more contained structure.

The return pattern also points to a scheme that works better with a medium-term mindset. The 1-year and 3-year numbers are positive, but the 5-year track record is not available, so this is not a fund for investors who want a long, uninterrupted history. It may appeal to those who want relatively steady participation in bond-linked returns and can accept that the benchmark relationship is not uniformly strong across every period.

Tax and exit load

Exit load: No exit load.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Axis CRISIL IBX 50:50 Gilt Plus SDL Sep 2027 Index Fund Direct Growth Plan?

The current NAV is ₹12.9462 as of 28 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 5.9887%, the 3-year return is 7.4791%, and the 5-year return is not available because the scheme does not have a meaningful 5-year record yet.

How has the fund performed versus its benchmark?

The fund has outperformed the benchmark over 1 year, with 5.99% versus -2.29%. Over 3 years, it has also stayed ahead, with 7.48% compared with 6.40%.

How does it compare with the peer funds listed here?

Its 1-year return is well below the highest peer return figures shown, while its 3-year return remains positive and steady. The comparison points to a more restrained return profile than the faster-moving peer examples.

What is the minimum SIP amount?

The minimum SIP amount is ₹1,000.

What are the risk profile, portfolio mix and fund managers?

The scheme is in the Balanced Risk category. Its portfolio is heavily tilted toward Government Securities, and it is managed by Aditya Pagaria and Sachin Jain.

Bottom line

The fund’s recent performance is steadier than flashy: the 1-year and 3-year returns are positive, while the benchmark comparison is better over both of those windows than the longer-horizon history available here. Against the listed peers, the recent return profile is more subdued, but the portfolio is also far more concentrated in government securities than in growth-oriented assets. That makes it better suited to investors looking for a debt-focused, moderate-risk allocation with a clear and simple structure.

Published on 31 August 2026 at 5:31 PM IST