{"id":253879,"date":"2026-09-17T16:25:11","date_gmt":"2026-09-17T10:55:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T16:25:11","modified_gmt":"2026-09-17T10:55:11","slug":"hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/","title":{"rendered":"HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-g-direct-plan\">HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan<\/a> is an early-stage debt index fund with a NAV of \u20b910.3726 as of 16 Sep 2026 and scheme AUM of \u20b9957 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the official risk category is Balanced Risk. Our view is that the fund is still building a visible track record, so it suits investors who can accept limited history and are comfortable with a portfolio anchored in financial-services debt instruments.<\/p>\n<p>The current return pattern is modest in the near term, while the portfolio is built around debt, money-market style liquidity and select financial-sector exposures. That combination may appeal to investors looking for a defined, shorter-duration credit allocation rather than a high-growth equity-style outcome.<\/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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HDFC_CRISIL-IBX_Financial_Services_9-12_Months_Debt_Index\" title=\"Should you BUY or HOLD HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index?\">Should you BUY or HOLD HDFC CRISIL-IBX Financial Services 9-12 Months Debt 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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_HDFC_CRISIL-IBX_Financial_Services_9-12_Months_Debt_Index_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan?\">What is the current NAV of HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#How_has_it_performed_versus_the_benchmark_recently\" title=\"How has it performed versus the benchmark recently?\">How has it performed versus the benchmark recently?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_the_peer_funds_listed_here\" title=\"How does the fund compare with the peer funds listed here?\">How does the fund compare with the peer funds listed here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#Is_there_a_minimum_SIP_amount\" title=\"Is there a minimum SIP amount?\">Is there a minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-review-2026\/#What_are_the_portfolio_and_exit-load_features\" title=\"What are the portfolio and exit-load features?\">What are the portfolio and exit-load features?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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-16\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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-17\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-crisil-ibx-financial-services-9-12-months-debt-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>\u20b910.3726 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9957 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.0%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>24 Mar 2026<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/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>Equity<\/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>Anupam Joshi, Praveen Jain<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Anupam Joshi and Praveen Jain.<\/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>0.48%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.9%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/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>Recent performance has been steadier than the benchmark. The fund has posted small positive returns over both the 1-month and 3-month windows, while the benchmark has stayed negative in both periods. That tells us the fund has so far held up better in a difficult market stretch.<\/p>\n<p>The short history matters, though. The scheme launched only in March 2026, so there is no meaningful 1-year, 3-year or 5-year return record yet. For that reason, the current performance picture is better read as an early snapshot than as proof of a durable pattern.<\/p>\n<p>Within the available window, the movement looks contained rather than sharp. That is consistent with a debt-index style structure, where the aim is usually to limit large swings instead of chasing aggressive upside. In our view, the recent profile is more about stability relative to the benchmark than about strong absolute growth.<\/p>\n<p>Because the benchmark has weakened more visibly over the same periods, the fund currently looks less volatile than the reference index. Even so, the lack of longer history means investors should avoid reading too much into the current gap.<\/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_HDFC_CRISIL-IBX_Financial_Services_9-12_Months_Debt_Index\"><\/span>Should you BUY or HOLD HDFC CRISIL-IBX Financial Services 9-12 Months Debt 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 HDFC CRISIL-IBX Financial Services 9-12 Months Debt 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\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-g-direct-plan\">HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/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\/axis-nifty50-equal-weight-index-fund-g-direct-plan\">Axis Nifty50 Equal Weight Index Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/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\/axis-nifty-energy-index-fund-g-direct-plan\">Axis Nifty Energy Index Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/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\/groww-nifty-smallcap-250-momentum-quality-100-index-fund-g-direct-plan\">Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/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\/sbi-crisil-ibx-10-90-gilt-sdl-index-dec-2029-index-fund-g-direct-plan\">SBI CRISIL-IBX 10:90 Gilt+SDL Index-Dec 2029 Index Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/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 peer set does not give us a usable long-term comparison because the available return fields are unavailable for every fund listed here. What we can say is that the fund\u2019s short-term numbers are positive while the benchmark is negative, so the current run is comparatively better on the recent window. The absence of usable 1-year, 3-year and 5-year peer figures means the short-term story is clearer than the long-term one.<\/p>\n<p>That makes the current comparison useful mainly as a recent-behaviour check. On the numbers available today, the fund has been more resilient than the benchmark, but there is not enough peer-return history here to support a stronger conclusion about durability versus the peer set.<\/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>8.3% Tata Capital Ltd.<\/td>\n<td>Corporate Debt<\/td>\n<td>10.47%<\/td>\n<\/tr>\n<tr>\n<td>TREPS &#8211; Tri-Party Repo<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>9.47%<\/td>\n<\/tr>\n<tr>\n<td>7.71% REC Limited.^<\/td>\n<td>Corporate Debt<\/td>\n<td>7.84%<\/td>\n<\/tr>\n<tr>\n<td>Panatone Finvest Ltd.^<\/td>\n<td>Commercial Paper<\/td>\n<td>7.62%<\/td>\n<\/tr>\n<tr>\n<td>7.6% Power Finance Corporation Ltd.^<\/td>\n<td>Corporate Debt<\/td>\n<td>5.23%<\/td>\n<\/tr>\n<tr>\n<td>8.1167% Bajaj Finance Ltd.^<\/td>\n<td>Corporate Debt<\/td>\n<td>5.23%<\/td>\n<\/tr>\n<tr>\n<td>8.25% Mahindra &amp; Mahindra Financial Services Ltd.^<\/td>\n<td>Corporate Debt<\/td>\n<td>5.23%<\/td>\n<\/tr>\n<tr>\n<td>8.277% SMFG India Credit Company Ltd^<\/td>\n<td>Corporate Debt<\/td>\n<td>5.23%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Mahindra Bank Limited^<\/td>\n<td>Certificate of Deposit<\/td>\n<td>5.08%<\/td>\n<\/tr>\n<tr>\n<td>Small Industries Development Bank<\/td>\n<td>Certificate of Deposit<\/td>\n<td>5.04%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is 8.3% Tata Capital Ltd. at 10.47%, so no single line item dominates the disclosed book by itself. The next holdings also remain in a fairly tight band, with weights mostly between about 5% and 9%, which suggests the visible allocation is balanced across several issuers rather than concentrated in one name.<\/p>\n<p>The drop from the largest holding to the tenth is not steep in a structural sense, because the tenth holding still carries 5.04%. That kind of spread may reduce reliance on one credit position, while still leaving several of the largest holdings with meaningful influence on overall performance.<\/p>\n<p>The top 10 holdings account for approximately 66.44% of the portfolio, and the fund discloses 26 holdings in total. That means the visible core is fairly significant, but there is also a longer tail beyond the top 10. Our view is that this shape may provide some diversification, while the larger positions are still likely to have greater influence on returns and credit behaviour.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-g-direct-plan\">HDFC CRISIL-IBX Financial Services 9-12 Months Debt 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 may suit investors who want a debt-oriented allocation with a Balanced Risk profile and can accept that the scheme is very new. The main appeal is its steadier recent behaviour versus the benchmark, but the trade-off is that there is no meaningful long-term return history yet.<\/p>\n<p>In our view, the better fit is someone with a moderate risk tolerance and a shorter-to-medium investment horizon who is mainly interested in controlled exposure to financial-services debt instruments. The portfolio shape suggests a spread across multiple issuers, which may help reduce dependence on a single holding, but it also means returns can still be shaped by credit and rate conditions.<\/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><strong>Exit load:<\/strong> 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<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_HDFC_CRISIL-IBX_Financial_Services_9-12_Months_Debt_Index_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b910.3726 as of 16 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 1-year, 3-year and 5-year returns are all not yet available in a meaningful way because the scheme is newly launched. The current visible performance window is the 1-month and 3-month return track.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_it_performed_versus_the_benchmark_recently\"><\/span>How has it performed versus the benchmark recently?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has done better than the benchmark in the recent windows available. The fund shows positive 1-month and 3-month returns, while the benchmark is negative in both periods.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_the_peer_funds_listed_here\"><\/span>How does the fund compare with the peer funds listed here?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The short-term comparison is the only usable one here, and the fund\u2019s recent returns are positive while the peer table does not provide usable long-term return figures for a direct comparison. That makes the current comparison more useful for recent behaviour than for long-run conclusions.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Is_there_a_minimum_SIP_amount\"><\/span>Is there a minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes. The minimum SIP amount is \u20b9100.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_portfolio_and_exit-load_features\"><\/span>What are the portfolio and exit-load features?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The portfolio is led by 8.3% Tata Capital Ltd. at 10.47%, with the top 10 holdings together accounting for approximately 66.44% of the portfolio. There is no exit load, and the fund is managed by Anupam Joshi and Praveen Jain.<\/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 returns look steadier than the benchmark, but it does not yet have a meaningful 1-year, 3-year or 5-year history. The peer comparison adds little long-term clarity because the available return fields are not usable, so the main evidence today comes from the short-term behaviour. The portfolio is spread across multiple financial-services debt positions, with a sizeable core and a longer tail, which may make the exposure more balanced than concentrated.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 4:22 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\":\"HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan\",\"identifier\":\"hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"24 Mar 2026\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":10.3726,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"957 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.0\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Anupam Joshi, Praveen Jain\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b910.3726 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 1-year, 3-year and 5-year returns are all not yet available in a meaningful way because the scheme is newly launched. The current visible performance window is the 1-month and 3-month return track.\"}},{\"@type\":\"Question\",\"name\":\"How has it performed versus the benchmark recently?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has done better than the benchmark in the recent windows available. The fund shows positive 1-month and 3-month returns, while the benchmark is negative in both periods.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The short-term comparison is the only usable one here, and the fund\u2019s recent returns are positive while the peer table does not provide usable long-term return figures for a direct comparison. That makes the current comparison more useful for recent behaviour than for long-run conclusions.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"What are the portfolio and exit-load features?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The portfolio is led by 8.3% Tata Capital Ltd. at 10.47%, with the top 10 holdings together accounting for approximately 66.44% of the portfolio. There is no exit load, and the fund is managed by Anupam Joshi and Praveen Jain.\"}}]}<\/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>HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan has a \u20b910.3726 NAV as of 16 Sep 2026, \u20b9957 Cr AUM and a Balanced Risk profile. Recent returns are steadier than the benchmark, but the fund is too new for meaningful 1Y, 3Y or 5Y history.<\/p>\n","protected":false},"author":38,"featured_media":253874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-253879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["253874"],"rank_math_title":["HDFC CRISIL-IBX Fund Review 2026: NAV &amp; Returns"],"rank_math_description":["HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan NAV is \u20b910.3726 as of 16 Sep 2026; recent returns are positive."],"rank_math_focus_keyword":["HDFC CRISIL-IBX Financial Services 9-12 Months Debt 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\/HDFC_CRISIL_IBX_Financial_Services_9_12_Months_Debt_Index_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_Yo_bullish.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253879","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=253879"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/253874"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=253879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=253879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=253879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}