Nippon India Nifty G-Sec Sep 2027 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 Sep 2027 Maturity Index Fund Direct Growth Plan currently has a NAV of ₹12.9921 as of 17 Sep 2026 and a scheme AUM of ₹355 Cr. Its 1-year, 3-year and 5-year returns are 5.52%, 7.3% and 0%, and the fund sits in the Balanced Risk category.
Our view is that this is a focused gilt index option for investors who want government-securities exposure with a defined maturity profile rather than an equity-led return journey. The portfolio is overwhelmingly in Government of India bonds, which supports clarity and rate sensitivity, while the recent return pattern has been steadier than the benchmark’s swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹12.9921 as of 17 Sep 2026 |
| AUM | ₹355 Cr |
| Expense Ratio | 0.2% |
| Launch Date | 06 Dec 2022 |
| 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 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.26% | -3.66% |
| 3M | 1.16% | -3.71% |
| 1Y | 5.52% | -7.13% |
| 3Y | 7.3% | 5.82% |
| 5Y | Data not available | Data not available |
The short-term pattern has been more stable than the benchmark, which has been notably weaker over 1 month, 3 months and 1 year. That matters because the fund’s own recent path has held up while the benchmark has moved through a rougher stretch, so the gap is not just a small numerical difference; it reflects very different behaviour over the same windows.
Over 3 years, the fund still remains ahead of the benchmark, with 7.3% against 5.82%. That is a useful sign for an index strategy that is meant to track a defined debt theme rather than chase sharp market moves. The return pattern also suggests a gradual compounding profile rather than a jumpy one, which fits the nature of government-securities exposure.
The 5-year figure is not available, so we should not read too much into long-horizon comparisons beyond the periods that are actually visible here. Even so, the 1-year number is stronger than the benchmark, while the 3-year figure shows the fund maintaining a modest lead over a longer window. Recent behaviour is therefore consistent with a controlled debt-oriented profile, not a sudden change in character.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Nippon India Nifty G-Sec Sep 2027 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 Sep 2027 Maturity Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund Direct Growth Plan | 5.52% | 7.3% | 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.
On a 1-year basis, the fund’s 5.52% return is far below the stronger equity-index peers listed here, but that is not surprising because the peers shown are from different market segments with very different return patterns. The more useful comparison is that the fund has delivered a steadier debt-style result, while the peer list shows much higher dispersion in recent gains.
For the longer periods where figures are available, the fund’s 3-year 7.3% return is well below the 3-year numbers shown for the equity-oriented peers that report them, such as 30.01% and 18.84%. That does not make the fund weak within its own strategy; it simply highlights that gilt-linked returns are shaped differently from equity market exposure. The short-term and longer-term comparisons therefore tell different stories: relative steadiness on one side, much lower absolute upside on the other.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.38% Government of India | Government Securities | 78.98% |
| 8.28% Government of India | Government Securities | 12.51% |
| 6.79% Government of India | Government Securities | 5.38% |
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 1.66% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 1.46% |
The largest holding, 7.38% Government of India, carries a weight of 78.98%, so a single security is likely to have a very strong influence on the fund’s day-to-day behaviour. The next two government securities are much smaller at 12.51% and 5.38%, which shows a steep drop from the largest position to the rest of the portfolio.
That gap suggests the fund is highly concentrated in a few sovereign exposures rather than spread across many different issuers. Since the disclosed holdings list contains only five rows and the combined weight of those holdings is 99.99%, the portfolio appears tightly defined, with only a small portion in cash-style assets.
For investors, this concentration may improve transparency because the portfolio is easy to understand, but it also means movements in government-security prices could matter more than in a more broadly diversified debt fund. The structure is therefore consistent with a maturity-linked index approach where a few positions may carry most of the outcome.
Source data date: as of 17 Sep 2026
Who should invest
This fund may suit investors who are comfortable with moderate-to-balanced risk and want debt-market exposure with a clearer sovereign-bond profile. The 1-year and 3-year return pattern shows measured compounding rather than aggressive growth, so it is better matched to investors who can hold through rate-driven fluctuations instead of expecting sharp upside.
The main trade-off is simple: you get a relatively transparent portfolio and steadier benchmark behaviour, but you should accept that returns will usually be far lower than equity-style alternatives. The fund may fit a medium-term horizon where the investor values predictability and government-securities exposure more than chasing the highest possible gains.
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 Sep 2027 Maturity Index Fund Direct Growth Plan?
The current NAV is ₹12.9921 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 5.52%, its 3-year return is 7.3%, and its 5-year return is Data not available.
How does the fund compare with the benchmark?
It has outpaced the benchmark over 1 month, 3 months, 1 year and 3 years. The benchmark has been weaker over the shorter windows, while the fund has held a steadier path.
How does the fund compare with the peer funds listed here?
The fund’s return profile is much lower than the equity-oriented peers shown here on 1-year figures, but its behaviour is steadier and more debt-like. The longer-period comparison also shows lower absolute returns than peers with available 3-year data.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
Vivek Sharma manages the fund. The exit load is nil, so no exit load is charged on redemption.
Bottom line
This fund has shown a steadier return pattern than the benchmark over the recent windows, while its 3-year result remains modest but positive. Against the peer figures shown here, it looks far more conservative in absolute return terms, which is consistent with a government-securities strategy rather than an equity-style growth fund. The portfolio is also very concentrated in sovereign holdings, so investors should be comfortable with rate-sensitive debt exposure and a focused maturity-linked structure.
Published on 18 September 2026 at 8:46 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.