Invesco India Nifty G-sec Jul 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Invesco India Nifty G-sec Jul 2027 Index Fund Direct Growth Plan is a gilt index fund with a NAV of ₹1279.909 as of 18 Sep 2026 and scheme AUM of ₹81 Cr. Its 1-year, 3-year and 5-year returns are 5.59%, 7.32% and 0%, and the risk category is Balanced Risk. Our view is that this is best read as a bond-oriented fund with a fairly narrow portfolio and a return pattern that has been steadier over 3 years than over the last 12 months.
For investors who want exposure to government securities with defined maturity-linked holdings, the fund may fit better as a medium-horizon debt allocation than as a short-term parking option. The portfolio is concentrated in a few Government of India securities, so return behaviour is likely to stay closely tied to interest-rate moves and the fund’s specific bond mix.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,279.909 as of 18 Sep 2026 |
| AUM | ₹81 Cr |
| Expense Ratio | 0.14% |
| Launch Date | 20 Mar 2023 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.25% on or before 30D, Nil after 30D |
| Fund Managers | Krishna Cheemalapati, Gaurav Jakhotia |
The fund is managed by Krishna Cheemalapati and Gaurav Jakhotia.
Source data date: as of 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.3% | -3.73% |
| 3M | 1.16% | -3.14% |
| 1Y | 5.59% | -5.31% |
| 3Y | 7.32% | 6.3% |
| 5Y | Data not available | Data not available |
The short-term numbers are stronger than the benchmark’s recent behaviour. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which points to a more defensive pattern in a choppy period. That does not automatically make the fund low volatility, but it does show that its recent trajectory has held up better than the benchmark’s.
The 1-year return of 5.59% is also well ahead of the benchmark’s -5.31%, so the fund has clearly outpaced the reference index over the past year. The 3-year return of 7.32% is only modestly above the benchmark’s 6.3%, which tells us the longer run has been steadier rather than dramatically stronger. That mix matters: a fund can look quite different over the last year than it does over a full 3-year window.
The overall pattern suggests a fund that has not relied on one sharp rebound alone. Instead, the longer-term compounding has been positive, while the recent period has been more resilient than the benchmark. For a gilt fund, that is usually more important than chasing high equity-style gains.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Invesco India Nifty G-sec Jul 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 Invesco India Nifty G-sec Jul 2027 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Invesco India Nifty G-sec Jul 2027 Index Fund Direct Growth Plan | 5.59% | 7.32% | 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. On recent numbers, the fund trails the strongest peer return figures by a wide margin, but that gap is not the right yardstick for this category because the peer set here spans different index themes and risk profiles. What matters more is that the fund’s 1-year and 3-year returns are both positive, while several peers show much higher equity-linked returns over the same horizon.
Against the peers with available longer-term figures, the fund’s 3-year return is weaker than ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan, but the comparison is not strictly like-for-like. The shorter-history peers have missing 3-year data, so the clearer conclusion is that the fund’s short-term and medium-term profile is steadier, but not as high-octane as the equity index peers shown here.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.38% Government of India 2027 | Government Securities | 76.04% |
| 6.79% Government of India 2027 | Government Securities | 12.11% |
| 8.24% Government of India 2027 | Government Securities | 9.43% |
| Net Receivables / (Payables) | Cash & Cash Equivalents and Net Assets | 1.44% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 0.98% |
The largest holding is 7.38% Government of India 2027 at 76.04%, which means a single security is likely to have the greatest influence on day-to-day portfolio behaviour. That level of weight is typical of a narrowly focused maturity-linked bond strategy, where the interest-rate path and the selected sovereign papers matter more than broad diversification across many issuers.
Weight then falls sharply to 12.11% and 9.43% for the next two Government of India securities, before dropping below 2% for cash-like items. Because the table discloses only five holdings and the top five together account for 100% of the portfolio, the visible book is highly concentrated rather than spread across a long tail of smaller positions.
That concentration may support a cleaner bond-profile exposure, but it also means performance could stay closely tied to the specific securities held. For investors, the key question is not breadth across many holdings; it is whether this narrow government-security mix matches the role they want the fund to play in their debt allocation.
Source data date: as of 18 Sep 2026
Who should invest
This fund may suit investors who are comfortable with interest-rate-sensitive debt exposure and who can hold for a medium horizon rather than only a few weeks or months. The Balanced Risk label and the government-security-heavy portfolio point to a relatively steady credit profile, but not to capital protection from price swings.
The return pattern also matters here. The fund has held up better than the benchmark in the last 1 month, 3 months and 1 year, while the 3-year return is only slightly ahead of the benchmark. That makes the trade-off clear: investors may get more targeted gilt exposure and recent resilience, but they should accept that the path of returns can still vary with rate movements.
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: 0.25% on or before 30D, Nil after 30D.
Source data date: as of 18 Sep 2026
Frequently asked questions
What is the current NAV of Invesco India Nifty G-sec Jul 2027 Index Fund Direct Growth Plan?
The current NAV is ₹1279.909 as of 18 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.59%, its 3-year return is 7.32%, and its 5-year return is Data not available.
How has the fund performed versus its benchmark?
The fund has done better than the benchmark over 1 month, 3 months and 1 year, and it is slightly ahead over 3 years as well. The benchmark has negative returns over the shorter windows shown here.
How does it compare with the peer funds shown here?
Its recent returns are much lower than the equity index peers listed, but those peers are in different themes and are not directly comparable on return level alone. Among the peers with 3-year figures available, the fund’s 3-year return is lower than the stronger long-term figures shown for ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan.
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 Krishna Cheemalapati and Gaurav Jakhotia. The exit load is 0.25% on or before 30D, and nil after 30D.
Bottom line
This fund’s recent numbers are better than the benchmark’s, while its 3-year return shows a more moderate edge rather than a dramatic outperformance. Compared with the peer figures shown, it sits well below the equity-oriented return levels, which is consistent with its government-securities profile rather than a growth-heavy equity style. The portfolio is highly concentrated in a small set of sovereign holdings, so it may appeal to investors who want a focused gilt exposure and can accept rate-linked fluctuations.
Published on 21 September 2026 at 11:22 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.