Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Plan is a scheme-level debt index fund with a NAV of ₹13.2802 as of 16 September 2026 and an AUM of ₹474 Cr. Its 1-year, 3-year and 5-year returns are 6.16%, 7.48% and 0% respectively, and the risk category is Balanced Risk. In our view, the fund suits investors who want a relatively steady, maturity-linked portfolio rather than a high-velocity return profile.
The fund’s return pattern has been moderate rather than explosive, and the portfolio is built almost entirely around state government securities maturing around 2027. That structure can help keep the fund anchored to its target maturity theme, but it also means the return path is closely tied to interest-rate movements and the bond mix rather than equity-style growth.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.2802 as of 16 Sep 2026 |
| AUM | ₹474 Cr |
| Expense Ratio | 0.18% |
| Launch Date | 30 Mar 2022 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Pranavi Kulkarni |
The fund is managed by Pranavi Kulkarni.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.37% | -4.41% |
| 3M | 1.48% | -3.6% |
| 1Y | 6.16% | -7.76% |
| 3Y | 7.48% | 5.74% |
| 5Y | Data not available | Data not available |
Near-term performance has been firmer than the benchmark, especially over 1 month and 3 months where the fund stayed positive while the benchmark was negative. That tells us the portfolio has held up better through recent weakness in the benchmark, even though the absolute move is still modest. The 1-year figure also shows a clearer advantage over the benchmark.
Over 3 years, the picture remains constructive. The fund’s 7.48% return is ahead of the benchmark’s 5.74%, which suggests the strategy has delivered better compounding over a fuller market cycle. The gap is not dramatic, but it is meaningful because the benchmark itself has not been a strong performer over the same period.
The time pattern matters here. The fund has shown gradual gains rather than sharp swings, and the recent 1-month and 3-month numbers indicate some short-term stability after a mixed run earlier in the period. Our read is that the fund has been able to recover without needing aggressive moves, which fits a disciplined fixed-income approach.
The 5-year return is not available, so the longer-history picture is limited. Even so, the available trail suggests this is a fund where consistency matters more than speed, and where investors are likely to judge success by stability against a weak benchmark rather than by headline upside.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Mirae Asset Nifty SDL 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 Mirae Asset Nifty SDL Jun 2027 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Plan | 6.16% | 7.48% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund trails the stronger short-term peer returns available in this set, especially the equity-oriented index funds that have posted much higher 1-year figures. That said, its own 3-year return still compares more favourably than several peers whose longer-history figures are not available, and it has remained more stable than the more growth-led names in the table. The short-term comparison and the longer-term comparison therefore tell different stories: the fund is not built for fast upside, but it has shown a steadier path than the more cyclical peer examples.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.69% State Government of Haryana (MD 15/06/2027) | Government Securities | 9.59% |
| 6.58% State Government of Gujarat (MD 31/03/2027) | Government Securities | 7.29% |
| 7.78% State Government of Telangana (MD 29/05/2027) | Government Securities | 5.33% |
| 8.31% State Government of Rajasthan (MD 08/04/2027) | Government Securities | 5.33% |
| 7.52% State Government of Uttar Pradesh (MD 24/05/2027) | Government Securities | 5.32% |
| 7.53% State Government of Haryana (MD 24/05/2027) | Government Securities | 5.32% |
| 7.55% State Government of Assam (MD 24/05/2027) | Government Securities | 5.32% |
| 7.88% State Government of Chhattisgarh (MD 15/03/2027) | Government Securities | 5.32% |
| 7.94% State Government of Jharkhand (MD 15/03/2027) | Government Securities | 5.32% |
| 7.20% State Government of Kerala (MD 14/06/2027) | Government Securities | 5.31% |
The largest holding is 7.69% State Government of Haryana (MD 15/06/2027) at 9.59%, which is large enough to matter, but not so large that it dominates the portfolio on its own. The tenth holding is still close to 5.31%, so the weight drops only gradually across the top ten rather than falling sharply after one or two positions.
That pattern suggests a fairly even distribution among the disclosed top holdings, with several positions clustered around the 5% mark. The top 10 holdings account for approximately 59.45% of the portfolio, so a meaningful share still sits outside this list. With 25 disclosed holdings in total, the fund appears to spread exposure across a wider tail even though government securities make up the visible core.
For investors, the key takeaway is that the portfolio may be more balanced across its biggest positions than a simple look at the top holding would suggest. The concentration is visible, but it is spread across multiple state securities with similar maturity windows, which may reduce dependence on any single issuer. At the same time, the maturity profile remains central to how the fund is likely to behave.
To see all holdings, visit the Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund is better suited to investors who are comfortable with a moderate-risk fixed-income profile and who can hold for a horizon that gives the maturity-linked structure time to play out. The Balanced Risk tag, the steady but modest return pattern, and the strong tilt toward government securities all point to a fund designed more for stability than for fast gains.
The main trade-off is that you may get a steadier path than a growth-oriented peer set, but you should also expect a more limited upside profile. The fund has outpaced its benchmark over the available 1-year and 3-year periods, yet the gains remain measured. That makes it more appropriate for investors who value predictability, liquidity without exit load, and a portfolio built around securities maturing around 2027.
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 16 Sep 2026
Frequently asked questions
What is the current NAV of Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Plan?
The current NAV is ₹13.2802 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.16%, the 3-year return is 7.48%, and the 5-year return is Data not available.
How has the fund performed against its benchmark?
It has done better than the benchmark over 1 month, 3 months, 1 year and 3 years. The benchmark is NIFTY 50.
Does the fund have an exit load?
No. Units can be redeemed without an exit load.
Who manages the fund?
Pranavi Kulkarni manages the fund.
What does the portfolio mainly hold?
The disclosed holdings are almost entirely state government securities with maturities around 2027, led by 7.69% State Government of Haryana (MD 15/06/2027) at 9.59%.
Bottom line
This fund’s recent numbers are steadier than its benchmark and broadly better than the more aggressive peer examples available for comparison, but the longer-term return picture still points to a measured, not high-octane, outcome. The portfolio is built around state government securities with clustered maturities around 2027, so the fund’s behaviour is likely to stay tied to that maturity theme. In our view, it fits investors seeking a moderate-risk debt index exposure with a relatively orderly return pattern and no exit load.
Published on 17 September 2026 at 3:07 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.