Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund Direct Growth Plan has a NAV of ₹11.381 as of 11 September 2026 and an AUM of ₹5 Cr. Its 1-year, 3-year and 5-year returns are 6.14%, 0% and 0%, and it sits in the Balanced Risk category.
Our view is that this is a fairly narrow bond index strategy with a modest cost structure and a short listed history. The return pattern is steady rather than expansive, so it may suit investors who want AAA bond exposure with a defined maturity window and can accept that the benchmark comparison has been uneven over recent periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.381 as of 11 Sep 2026 |
| AUM | ₹5 Cr |
| Expense Ratio | 0.15% |
| Launch Date | 22 Nov 2024 |
| Min SIP | ₹1,000 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Aditya Pagaria |
The fund is managed by Aditya Pagaria.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.43% | -3.66% |
| 3M | 1.67% | -1.91% |
| 1Y | 6.14% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is constructive. Over 1 month and 3 months, the fund stayed positive while the benchmark stayed negative, which tells us the strategy has been more stable than the broad equity benchmark in the short run.
The 1-year figure is stronger still, with 6.14% against -7.62% for the benchmark. That gap is large, but it should be read in context: this is a bond-focused index fund, so the benchmark’s equity-style movement is not the same type of return stream that the fund is targeting.
Because the fund has only been listed since November 2024, there is no full 3-year or 5-year performance history to assess. That means our interpretation should stay anchored to the available recent record, which shows a calm compounding path rather than sharp swings.
For investors, the main takeaway is that the fund has preserved a positive trajectory in a period when the benchmark was weak. The shorter history also means the pattern is still building, so the more relevant question is whether the portfolio’s AAA financial-services bond exposure fits the investor’s horizon and income expectations.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 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 Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund Direct Growth Plan | 6.14% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 26.23% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 26.22% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 26.18% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | 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 equity-oriented peer figures shown here, which is expected because the peer set contains much higher-beta index strategies. The more useful comparison is on the longer horizon: those peers with 3-year data have strong multi-year outcomes, while this fund does not yet have a comparable history. So the short-term peer table tells one story about recent stability, while the longer-term figures for the peer set tell a different story about growth-oriented risk taking.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 8.33% Aditya Birla Capital Limited (19/05/2027) | Corporate Debt | 14.12% |
| 7.9265% LIC Housing Finance Limited (14/07/2027) ** | Corporate Debt | 9.39% |
| 7.56% REC Limited (31/08/2027) ** | Corporate Debt | 9.38% |
| 7.68% Small Industries Dev Bank of India (10/08/2027) | Corporate Debt | 9.38% |
| 7.70% National Bank for Agriculture and Rural Development (30/09/2027) ** | Corporate Debt | 9.38% |
| 7.8% Tata Capital Housing Finance Limited (05/08/2027) ** | Corporate Debt | 9.38% |
| 7.65% HDB Financial Services Limited (10/09/2027) ** | Corporate Debt | 9.36% |
| 7.90% Mahindra & Mahindra Financial Services Limited (30/08/2027) ** | Corporate Debt | 5.63% |
| 8.1% Bajaj Housing Finance Limited (08/07/2027) | Corporate Debt | 4.7% |
| 8.12% Bajaj Finance Limited (10/09/2027) | Corporate Debt | 4.7% |
The largest holding is 8.33% Aditya Birla Capital Limited (19/05/2027) at 14.12%, so it can have a meaningful influence on short-run portfolio outcomes. The next few positions are clustered closely around the 9.36% to 9.39% range, which tells us the fund does not rely on only one security after the first holding.
Weight then tapers modestly toward the bottom of the displayed list, with the tenth holding at 4.7%. That pattern suggests a measured spread across several issuers rather than a steep drop from a single dominant line item. The top 10 holdings account for approximately 85.42% of the portfolio, and the fund discloses 14 holdings in total, so there is still a longer tail beyond the largest positions.
To see all holdings, visit the Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund Direct Growth Plan page
Source data date: as of 11 Sep 2026
Who should invest
This fund is better suited to investors who are comfortable with Balanced Risk and want exposure to a defined set of AAA financial-services bonds rather than a broad equity-style market move. The available performance record points to steadier recent behaviour, but the fund’s short history means there is limited long-term evidence to judge through a full market cycle.
Our view is that the fund fits best as a medium-horizon allocation where stability and credit quality matter more than high return ambition. The main trade-off is that the portfolio may offer a smoother experience than more volatile peers, but it also does not have the same upside profile as equity-oriented index funds 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: No exit load.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of this fund?
The current NAV is ₹11.381 as of 11 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.14%, while the 3-year and 5-year returns are not available because the scheme is too new for those horizons.
How does it compare with the benchmark?
It has been ahead of the benchmark in the available 1-month, 3-month and 1-year periods. The benchmark’s 1-year return is -7.62%, compared with 6.14% for the fund.
How does it compare with the peer funds shown here?
Its 1-year return is lower than the equity-oriented peer funds listed here, while several peers also have much longer return histories available. That makes the comparison more about strategy type than about a like-for-like return contest.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
Who manages the fund and what is the exit load?
Aditya Pagaria manages the fund. There is no exit load.
Bottom line
This fund’s recent return profile is steadier than its benchmark, but its longer-term track record is still not available because the scheme is relatively new. Against the peer set shown here, the fund sits in a very different return profile, reflecting its bond-focused structure rather than equity-style growth. The portfolio is concentrated in AAA financial-services issuers, with the largest holding carrying the most weight, so it is best viewed as a focused credit-oriented index strategy for investors who value stability over high upside.
Published on 15 September 2026 at 4:26 PM 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.