Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 Index Fund Direct Growth Plan has a NAV of ₹11.4809 as of 11 Sep 2026 and a scheme AUM of ₹126 Cr. Its 1-year, 3-year and 5-year returns are 6.79%, 0% and 0%, and the scheme sits in the Balanced Risk category.
Our view is that this is a relatively narrow fixed-income index fund that has delivered a modest positive 1-year outcome, but the longer-duration figures are not yet meaningful for comparison. It may suit investors who can accept balance-sheet and credit-linked debt exposure within a defined maturity profile rather than expecting broad market-style upside.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.4809 as of 11 Sep 2026 |
| AUM | ₹126 Cr |
| Expense Ratio | 0.15% |
| Launch Date | 25 Oct 2024 |
| Min SIP | ₹100 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Vivek Sharma |
The fund is managed by Vivek Sharma.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.49% | -3.66% |
| 3M | 1.84% | -1.91% |
| 1Y | 6.79% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been steadier than the benchmark. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which suggests that the portfolio has been more resilient in the short run.
The 1-year return of 6.79% is also ahead of the benchmark’s -7.62%, so the fund has clearly held up better over the latest 12-month window. That said, the difference does not imply a strong growth engine; it reflects a comparatively smoother debt-oriented return profile.
The 3-year and 5-year figures are not available in a way that supports a meaningful trailing-history comparison, so our read-through is mainly about the recent path rather than a long compounding record. The short-term series also points to modest movement rather than sharp swings, which is consistent with a fund that is designed around a specific credit exposure and maturity profile.
For investors, the important point is that this fund has not behaved like a broad equity benchmark. It has been less volatile in the observed windows, and that can be useful when the goal is to hold a defined income-style exposure instead of chasing market upside.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 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 Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 Index Fund Direct Growth Plan | 6.79% | 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 much lower than the stronger short-term figures seen in the peer set, especially the 20%+ returns in the equity-linked index funds listed here. On the longer horizon, there is no usable 3-year or 5-year record for the current fund, while one peer has a strong 3-year figure and the rest do not have longer-term data available in this comparison set.
That creates two different stories: the current fund has been comparatively stable in the latest year, but it does not yet have the depth of track record that some peers can show. For investors, the peer view reinforces that this scheme is more about a specific debt allocation than about competing with high-growth index strategies.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.69% LIC Housing Finance Limited** | Corporate Debt | 11.1% |
| 7.83% National Bank for Agriculture and Rural Development** | Corporate Debt | 10.32% |
| 6.35% HDB Financial Services Limited** | Corporate Debt | 8.71% |
| 7.75% Sundaram Finance Limited** | Corporate Debt | 7.92% |
| 8.22% Kotak Mahindra Investments Limited** | Corporate Debt | 7.89% |
| 7.52% REC Limited | Corporate Debt | 7.13% |
| 7.98% Bajaj Housing Finance Limited** | Corporate Debt | 6.73% |
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 5.43% |
| 8.75% Indian Railway Finance Corporation Limited** | Corporate Debt | 4.7% |
| 7.54% REC Limited** | Corporate Debt | 3.97% |
The top 10 holdings account for approximately 73.9% of the portfolio.
To see all holdings, visit the Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 Index Fund Direct Growth Plan page
The largest holding is 7.69% LIC Housing Finance Limited**, at 11.1%, so it is large enough to matter but not so large that it dominates the entire portfolio on its own. The tenth holding is 7.54% REC Limited**, at 3.97%, which shows that the fund’s disclosed holdings do not fall away in a dramatic cliff.
Even so, the top 10 together account for 73.9% of the portfolio across 19 disclosed holdings, so influence may still be concentrated in a relatively small set of positions. That leaves a meaningful tail beyond the visible list, but the listed holdings suggest a portfolio where the larger debt exposures are likely to have greater influence on short-term behaviour.
Because several of the biggest weights sit between roughly 7% and 11%, the portfolio does not look top-heavy in a single name, yet it is not broadly spread across dozens of equally sized positions either. Our view is that the structure may reward investors who are comfortable with a defined, credit-linked portfolio shape rather than expecting wide diversification across many independent return drivers.
Source data date: as of 11 Sep 2026
Who should invest
This fund may suit investors who are comfortable with Balanced Risk and want a debt-focused exposure with a defined maturity profile. The recent return pattern is steadier than the benchmark, but the longer-duration history is still limited, so the best fit is an investor who values short-run stability more than a long record of compounding.
The main trade-off is that the portfolio’s credit-linked structure can provide smoother behaviour than an equity benchmark, but it will not offer the same upside potential as growth-oriented funds. That makes it more appropriate for a moderate-risk investor with a shorter to medium horizon, or for someone looking to balance a broader portfolio with an income-style allocation.
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 Nippon India CRISIL-IBX AAA Financial Services – Dec 2026 Index Fund Direct Growth Plan?
The current NAV is ₹11.4809 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.79%, while the 3-year and 5-year returns are not available in a way that supports a meaningful trailing comparison.
How has the fund performed versus its benchmark?
It has done better than the benchmark in the recent periods provided. The fund is positive over 1 month, 3 months and 1 year, while the benchmark is negative across those same windows.
How does it compare with the listed peer funds?
Its 1-year return is well below the stronger peer figures shown here, while the longer-term comparison is limited because the current fund does not have usable 3-year or 5-year figures in this set.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Vivek Sharma. There is no exit load.
Bottom line
This fund’s recent behaviour is steadier than the benchmark, but its longer-term return record is still limited, so the story is more about defensive structure than about proven compounding over many years. Compared with the listed peers, its 1-year return is much lower, which is unsurprising given the very different style of exposure. The portfolio is concentrated in a small set of corporate debt holdings, so it may suit investors who want a defined, credit-linked allocation and can accept that trade-off.
Published on 15 September 2026 at 3:45 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.