{"id":253255,"date":"2026-09-17T14:42:49","date_gmt":"2026-09-17T09:12:49","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T14:42:49","modified_gmt":"2026-09-17T09:12:49","slug":"hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/","title":{"rendered":"HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-g-direct-plan\">HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan<\/a> has a NAV of \u20b913.3695 as of 16 Sep 2026 and scheme AUM of \u20b91,749 Cr. Its 1-year, 3-year and 5-year returns are 5.69%, 7.39% and 0%, and the risk category is Balanced Risk.<\/p>\n<p>Our view is that this is a steady income-oriented index fund with a bond-heavy portfolio that is anchored in government securities and state development loans. The recent return profile has improved versus the supplied benchmark, but the longer-term picture still reflects a measured, lower-volatility style rather than aggressive growth.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HSBC_CRISIL_IBX_50_50_Gilt_Plus_SDL_Apr_2028_Index\" title=\"Should you BUY or HOLD HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index?\">Should you BUY or HOLD HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b913.3695 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b91,749 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.22%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>31 Mar 2022<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Balanced Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Index Funds<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Mahesh Chhabria, Mohd Asif Rizwi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Mahesh Chhabria and Mohd Asif Rizwi.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.17%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.27%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.69%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.39%<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent return pattern is stronger than the benchmark across every available period. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which suggests better short-term resilience in a difficult rate environment.<\/p>\n<p>The 1-year figure remains ahead of the benchmark by a wide margin, but the gap is narrower over 3 years, where the fund\u2019s return is still above the benchmark yet not by the same amount. That tells us the fund has held up reasonably well, but it is not producing a sharply accelerating compounding profile.<\/p>\n<p>The longer run looks stable rather than explosive. The three-year path shows steady gains with small fluctuations, while the one-year path also improves gradually instead of jumping sharply. For investors, that pattern is more consistent with a disciplined income strategy than with a high-growth equity-style return profile.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_HSBC_CRISIL_IBX_50_50_Gilt_Plus_SDL_Apr_2028_Index\"><\/span>Should you BUY or HOLD HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-g-direct-plan\">HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan<\/a><\/td>\n<td>5.69%<\/td>\n<td>7.39%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nasdaq-100-index-fund-g-direct-plan\">ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan<\/a><\/td>\n<td>29.31%<\/td>\n<td>30.01%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-nifty-capital-markets-index-fund-g-direct-plan\">Tata Nifty Capital Markets Index Fund Direct Growth Plan<\/a><\/td>\n<td>21.45%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-capital-market-index-fund-g-direct-plan\">Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan<\/a><\/td>\n<td>21.13%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-midsmall-financial-services-index-fund-g-direct-plan\">Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan<\/a><\/td>\n<td>20.68%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nifty-pharma-index-fund-g-direct-plan\">ICICI Pru Nifty Pharma Index Fund Direct Growth Plan<\/a><\/td>\n<td>17.57%<\/td>\n<td>18.84%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s 1-year return is materially below the equity-oriented peer funds listed here, which is expected given its debt-led construction. Even so, its 3-year return compares more favourably with the peer set than the 1-year gap might suggest, because a few peers with available 3-year data are higher but others do not show longer-history numbers at all.<\/p>\n<p>That makes the short-term and medium-term comparison tell different stories. In the short term, the fund trails the stronger growth peers by a wide margin; over three years, the return profile is steadier and more in line with a defensive income mandate. The conclusion for investors is that this fund should be judged on consistency and rate sensitivity rather than on equity-style upside.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>7.06% GOI &#8211; 10-Apr-2028<\/td>\n<td>Government Securities<\/td>\n<td>30.27%<\/td>\n<\/tr>\n<tr>\n<td>7.17% GOI &#8211; 08-Jan-2028<\/td>\n<td>Government Securities<\/td>\n<td>10.85%<\/td>\n<\/tr>\n<tr>\n<td>7.36% Maharashtra SDL 12-Apr-2028<\/td>\n<td>Government Securities<\/td>\n<td>7.8%<\/td>\n<\/tr>\n<tr>\n<td>8.05% Tamilnadu SDL &#8211; 18-Apr-2028<\/td>\n<td>Government Securities<\/td>\n<td>7.08%<\/td>\n<\/tr>\n<tr>\n<td>8.05% Gujarat SDL 31-Jan-2028<\/td>\n<td>Government Securities<\/td>\n<td>5.86%<\/td>\n<\/tr>\n<tr>\n<td>6.97% Karnataka SDL 26-Feb-2028<\/td>\n<td>Government Securities<\/td>\n<td>4.88%<\/td>\n<\/tr>\n<tr>\n<td>6.97% Maharashtra SDL 18-Feb-2028<\/td>\n<td>Government Securities<\/td>\n<td>3.16%<\/td>\n<\/tr>\n<tr>\n<td>8.28% GOI &#8211; 21-Sep-2027<\/td>\n<td>Government Securities<\/td>\n<td>3.03%<\/td>\n<\/tr>\n<tr>\n<td>8.28% Tamil Nadu SDL 14-Mar-2028<\/td>\n<td>Government Securities<\/td>\n<td>3.03%<\/td>\n<\/tr>\n<tr>\n<td>6.98% Maharashtra SDL 26-Feb-2028<\/td>\n<td>Government Securities<\/td>\n<td>2.87%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The single largest holding, 7.06% GOI &#8211; 10-Apr-2028, carries a 30.27% weight, so it is likely to have a meaningful influence on the fund\u2019s movement. After that, the weights step down quickly, with the tenth holding at 2.87%, which shows that exposure is not evenly spread across the top positions.<\/p>\n<p>The top ten holdings together account for approximately 78.83% of the portfolio, and the fund discloses 27 holdings in total. That suggests a fairly concentrated structure at the top, but not a one-position portfolio. The long tail beyond the top ten may still matter, yet the largest government-security and SDL positions are clearly the main drivers of portfolio behaviour.<\/p>\n<p>This mix may help explain why the fund\u2019s performance has been comparatively stable rather than volatile. A portfolio built around dated government securities and SDLs can be more sensitive to interest-rate moves than to equity market swings, so investors may see moderate fluctuations rather than sharp growth spurts.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-g-direct-plan\">HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who can accept Balanced Risk and are comfortable with a debt-oriented return profile rather than equity-style upside. The 1-year and 3-year numbers point to measured gains, while the benchmark comparison shows that the fund has recently held up better than the Nifty 50 reference in down periods.<\/p>\n<p>The main trade-off is that steadier behaviour comes with limited growth ambition. Investors with a medium-term horizon who want exposure to a defined maturity-style government bond and SDL portfolio may find the structure easier to understand than a diversified credit product. Those looking for fast capital appreciation may find the return pattern too restrained.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b913.3695 as of 16 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s 1-year return is 5.69%, its 3-year return is 7.39%, and its 5-year return is 0.<\/p>\n<p><strong>How has the fund done against the benchmark?<\/strong><br \/>It has beaten the benchmark across the available periods. The gap is especially visible in the recent 1-month, 3-month and 1-year numbers.<\/p>\n<p><strong>How does this fund compare with the peer funds listed here?<\/strong><br \/>Its return profile is much more modest than the equity-oriented peer funds in the table, but its 3-year number is steadier than the short-term spread might suggest.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b91000.<\/p>\n<p><strong>What is the exit load and who manages the fund?<\/strong><br \/>There is no exit load. The fund is managed by Mahesh Chhabria and Mohd Asif Rizwi.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund\u2019s recent improvement looks better than its weaker benchmark backdrop, but the longer-term return pattern still points to a measured, income-oriented profile rather than a high-growth one. Against the listed peers, it is clearly less aggressive on recent returns, yet its debt-led structure and Balanced Risk label make that difference understandable. The portfolio is also quite top-heavy, with government securities and SDLs carrying most of the visible weight. That combination may suit investors who value steadier bond exposure and can tolerate modest upside.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 2:40 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan\",\"identifier\":\"hsbc-crisil-ibx-50-50-gilt-plus-sdl-apr-2028-index-fund-g-direct-plan\",\"category\":\"Index Funds\",\"dateCreated\":\"31 Mar 2022\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":13.3695,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"1749 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.22\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.69},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.39},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Mahesh Chhabria, Mohd Asif Rizwi\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b913.3695 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 5.69%, its 3-year return is 7.39%, and its 5-year return is 0.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund done against the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the benchmark across the available periods. The gap is especially visible in the recent 1-month, 3-month and 1-year numbers.\"}},{\"@type\":\"Question\",\"name\":\"How does this fund compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its return profile is much more modest than the equity-oriented peer funds in the table, but its 3-year number is steadier than the short-term spread might suggest.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91000.\"}},{\"@type\":\"Question\",\"name\":\"What is the exit load and who manages the fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There is no exit load. The fund is managed by Mahesh Chhabria and Mohd Asif Rizwi.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan has a \u20b913.3695 NAV, \u20b91,749 Cr AUM and Balanced Risk profile as of 16 Sep 2026.<\/p>\n","protected":false},"author":38,"featured_media":253254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-253255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["253254"],"rank_math_title":["HSBC CRISIL IBX 50:50 Gilt Plus SDL Review"],"rank_math_description":["HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan review: \u20b913.3695 NAV, 1Y return 5.69%, 3Y return 7.39%."],"rank_math_focus_keyword":["HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/HSBC_CRISIL_IBX_5050_Gilt_Plus_SDL_Apr_2028_Index_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=253255"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/253254"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=253255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=253255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=253255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}