Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 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 NBFC-HFC – Jun 2027 Index Fund Direct Growth Plan has a NAV of ₹11.328 as of 11 Sep 2026 and a scheme AUM of ₹7 Cr. Its 1-year, 3-year and 5-year returns are 6.28%, 0% and 0%, respectively, and the scheme sits in the Balanced Risk category.
Our view is that this is a short-dated index fund with a concentrated corporate-debt book, so it may suit investors who are comfortable with a relatively narrow issuer mix and want a defined-maturity style exposure rather than a broad market allocation. The benchmark has been weaker over the same recent periods, but the fund’s own return history is still short and uneven.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.328 as of 11 Sep 2026 |
| AUM | ₹7 Cr |
| Expense Ratio | 0.15% |
| Launch Date | 11 Dec 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 | 0.37% | -4.81% |
| 3M | 1.63% | -3.63% |
| 1Y | 6.28% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is steady rather than dramatic. Over 1 month and 3 months, the fund has remained slightly positive while the benchmark has been negative, which tells us the portfolio has held up better in the most recent stretch.
The 1-year figure is also positive at 6.28%, and that is a meaningful contrast with the benchmark’s -8.27% over the same period. Our view is that the fund has been more resilient than the benchmark across every available horizon, even though the benchmark itself is a poor fit for judging a short-dated corporate-debt strategy.
The chart pattern also suggests a gradual rather than explosive compounding path. We do not see sharp drawdowns in the fund’s recent trail, but we also do not see a long public history here, so investors should read the current numbers as a snapshot of a young scheme rather than a full cycle record.
Because the scheme was launched in late 2024, the 3-year and 5-year return fields are not yet meaningful for comparison. That makes the 1-year and shorter-period behaviour more important for judging how the fund has been moving so far.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 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 NBFC-HFC – Jun 2027 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund Direct Growth Plan | 6.28% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the listed peers, the fund’s 1-year return is much lower than the equity-oriented comparators shown here. That does not automatically make the scheme weak; it reflects that the peer set is largely built around very different risk and return profiles.
For the longer periods where figures are available, some peers show materially higher 3-year returns, while the current fund has no 3-year or 5-year track record yet. So the short-term comparison and the longer-term comparison tell different stories: the fund has been steady in recent months, but the peer group includes schemes with much stronger multi-year histories.
Source data date: as of 11 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 8.24% L&T Finance Limited (16/06/2027) ** | Corporate Debt | 13.15% |
| 7.7% Bajaj Housing Finance Limited (21/05/2027) ** | Corporate Debt | 13.11% |
| 8.25% Mahindra & Mahindra Financial Services Limited (25/03/2027) ** | Corporate Debt | 9.86% |
| 8.33% Aditya Birla Capital Limited (19/05/2027) | Corporate Debt | 6.58% |
| 8.3324% HDB Financial Services Limited (10/05/2027) ** | Corporate Debt | 6.58% |
| 8.3774% Kotak Mahindra Investments Limited (21/06/2027) ** | Corporate Debt | 6.58% |
| 8.0409% Tata Capital Housing Finance Limited (19/03/2027) ** | Corporate Debt | 6.57% |
| 8.12% Sundaram Finance Limited (21/06/2027) ** | Corporate Debt | 6.57% |
| 8.285% Tata Capital Limited (10/05/2027) ** | Corporate Debt | 6.57% |
| 7.8350% LIC Housing Finance Limited (11/05/2027) ** | Corporate Debt | 6.56% |
The largest holding is 8.24% L&T Finance Limited (16/06/2027) ** at 13.15%, so it is a meaningful single-line exposure but not an overwhelming one by itself. The gap from the first to the tenth holding is visible, yet it is not a cliff; the next several positions still sit in a fairly tight band around the mid-single digits.
The top 10 holdings together account for approximately 82.13% of the portfolio, and the fund discloses 15 holdings in total. That suggests a portfolio where a relatively small number of corporate-debt positions may carry most of the influence, while the remaining holdings form a longer tail.
Our view is that this structure can make individual issuer and maturity selection more important than broad diversification. It may also mean that changes in a few large positions are more likely to affect the fund’s behaviour than in a more widely spread debt portfolio.
To see all holdings, visit the Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund Direct Growth Plan page
Source data date: as of 11 Sep 2026
Who should invest
This fund may suit investors who are comfortable with a Balanced Risk profile and who can accept that the current history is still limited. The short-term return pattern has been positive, while the benchmark has been negative over the same recent periods, but there is not yet a long multi-cycle track record to lean on.
It is better viewed with a medium-term perspective aligned to the scheme’s short-dated bond exposure. The main trade-off is between a steadier corporate-debt style return path and the concentration that comes from holding a relatively small set of NBFC and HFC issuers.
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 Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund Direct Growth Plan?
The current NAV is ₹11.328 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.28%, while the 3-year and 5-year returns are Data not available.
How has the fund performed versus its benchmark recently?
The fund has been ahead of the benchmark over the available recent periods. For example, its 1-year return is 6.28% versus -8.27% for the benchmark.
How does it compare with the peer funds listed here?
The peer list contains several equity-oriented schemes with much higher 1-year and, in some cases, 3-year returns. This fund’s recent return profile is steadier but much lower than those comparators.
What is the minimum SIP amount?
The minimum SIP amount is ₹1000.
Who manages the fund, and what is the exit load?
The fund is managed by Aditya Pagaria, and the exit load is no exit load.
Bottom line
This is a young, short-dated index fund whose recent returns have been positive and have held up better than the benchmark across the available periods. The peer set includes schemes with much stronger multi-year histories, while this fund itself still lacks a long record. Its portfolio is concentrated in corporate debt across a limited set of NBFC and HFC issuers, so investors may prefer it only if that structure fits their risk comfort and horizon.
Published on 16 September 2026 at 9:31 AM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.