Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund Direct Growth Plan currently has a NAV of ₹13.1957 as of 17 Sep 2026 and an AUM of ₹713 Cr. Its 1-year, 3-year and 5-year returns are 3.77%, 7.39% and 0%, and the scheme is tagged as Medium Risk.
Our view is that this is a relatively focused gilt index fund for investors who want government-securities exposure rather than broad equity-market participation. The return pattern has been steady over longer stretches, but the recent 1-year outcome is modest, so expectations should stay aligned with its interest-rate-sensitive profile.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.1957 as of 17 Sep 2026 |
| AUM | ₹713 Cr |
| Expense Ratio | 0.2% |
| Launch Date | 19 Dec 2022 |
| Min SIP | ₹100 |
| Risk Category | Medium 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 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1% | -3.66% |
| 3M | 0.39% | -3.71% |
| 1Y | 3.77% | -7.13% |
| 3Y | 7.39% | 5.82% |
| 5Y | Data not available | Data not available |
The recent 1-month and 3-month numbers show a mixed but not extreme trend. The fund was slightly negative over 1 month, but it stayed positive over 3 months, which tells us the short-term path has been uneven rather than sharply directional.
Over 1 year, the fund has delivered 3.77% while the benchmark has been negative. That is a meaningful gap in favour of the fund, and it suggests the strategy has handled the past year better than the benchmark, even though the return level itself is not high.
The 3-year picture is stronger than the 1-year comparison because the fund has compounded at 7.39% against 5.82% for the benchmark. Our view is that this supports the idea of a steadier medium-term profile, but the recent pattern does not look like a smooth straight line; it has moved through small gains and pullbacks. The 5-year figure is not available because the fund has been live only since 19 Dec 2022.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Nippon India Nifty G-Sec Jun 2036 Maturity 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 Nifty G-Sec Jun 2036 Maturity Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund Direct Growth Plan | 3.77% | 7.39% | 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’s 1-year return is well below the fastest-moving peer figures listed here, but that comparison sits beside very different fund styles and underlying exposures. On the longer horizon, the fund’s 3-year return of 7.39% is still below the stronger peer numbers shown for funds with available 3-year data, so the gap is visible in both the recent and medium-term frames.
The more useful takeaway is that the story is not identical across horizons. The fund’s own 1-year result is better than its benchmark, while its 3-year number also leads the benchmark, so it has done its job relative to the comparison yardstick even if it trails several peers on absolute return. That makes the peer table more of a style-and-return contrast than a simple performance verdict.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.54% Government of India | Government Securities | 67.88% |
| 6.67% Government of India | Government Securities | 13.56% |
| 6.48% Government of India | Government Securities | 8.17% |
| 6.94% Government of India | Government Securities | 7% |
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 1.89% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 1.23% |
With the largest holding at 67.88%, the portfolio is likely to be influenced primarily by that single government-security position. The next three government securities are much smaller, which means the weight falls sharply after the first line rather than being spread evenly across many bonds.
The disclosed holdings total only six rows, and the top four government securities together account for 96.61% of the portfolio. That concentration suggests the fund may behave more like a focused government-bond maturity strategy than a widely diversified fixed-income basket.
Because the table already covers every disclosed holding, there is little visible tail beyond these six positions. Our view is that this makes the fund’s outcome more sensitive to the behaviour of a few sovereign holdings, while the cash-and-repo sleeve may mainly serve a supporting role.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who are comfortable with Medium Risk and who can stay invested long enough for bond-market movements to play out. The 1-year and 3-year results suggest a steadier medium-term profile than the benchmark, but the short-term path is still uneven, so it is better viewed with patience rather than with a trading mindset.
It is more suitable for investors who want concentrated government-securities exposure and can accept that returns may move with interest-rate expectations. The trade-off is straightforward: the fund offers sovereign-bond exposure and relatively contained expense levels, but it does not promise smooth outcomes in every quarter and it can lag far faster-returning peer funds when market conditions favour other segments.
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 17 Sep 2026
Frequently asked questions
What is the current NAV of Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund Direct Growth Plan?
The current NAV is ₹13.1957 as of 17 Sep 2026. That gives a live reference point for the scheme’s latest pricing.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 3.77% and its 3-year return is 7.39%. The 5-year return is not available because the scheme launched on 19 Dec 2022.
How does the fund compare with its benchmark?
It has outperformed the benchmark over 1 year and 3 years. The benchmark return is -7.13% over 1 year and 5.82% over 3 years, while the fund has delivered 3.77% and 7.39% in those periods.
How does it compare with the peer funds listed here?
Its 1-year return is lower than several of the peer figures shown, while its 3-year return is also below the stronger 3-year peer numbers available. The comparison therefore points to a steadier sovereign-bond profile rather than the highest raw return in the peer set.
Is there a minimum SIP amount?
The minimum SIP amount is ₹100. That makes the fund accessible for small, regular investments.
What are the fund manager and portfolio characteristics?
The fund is managed by Vivek Sharma. Its portfolio is heavily concentrated in government securities, led by 7.54% Government of India at 67.88%, and it has no exit load.
Bottom line
This fund’s recent numbers are positive but modest, while the 3-year record is stronger and remains ahead of the benchmark. Against the peer list, its absolute returns look restrained, which fits a sovereign-bond-oriented strategy more than a high-growth one. The portfolio is very concentrated in government securities, so one or two large positions can matter a lot. Our view is that it suits patient investors who want government-debt exposure and are comfortable with a medium-risk, interest-rate-sensitive path.
Published on 18 September 2026 at 8:49 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.