Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund Direct Growth Plan has a NAV of ₹11.6993 as of 10 Sep 2026 and scheme AUM of ₹12 Cr. Its 1-year, 3-year and 5-year returns are 5.55%, 0% and 0%, and the fund sits in the Balanced Risk category.

Our view is that this is a narrow, maturity-linked gilt index strategy rather than a broad market fund. The portfolio is almost entirely in a single government security, so the return profile is more about rate and duration behaviour than stock selection.

Quick facts

Particular	Details
NAV	₹11.6993 as of 10 Sep 2026
AUM	₹12 Cr
Expense Ratio	0.26%
Launch Date	05 Jun 2024
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Bhupesh Bameta, Sanjay Godambe

The fund is managed by Bhupesh Bameta and Sanjay Godambe.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.35%	-4.06%
3M	1.39%	1.37%
1Y	5.55%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern is steadier than the benchmark. Over one month, the fund held a small gain while the benchmark was weaker, which suggests the strategy has remained comparatively resilient in a choppy stretch.

The three-month figure is close to the benchmark, so the gap there is small. That tells us the fund has tracked the broader directional move fairly closely in the short run, rather than moving far away from its reference pattern.

The one-year picture is much better for the fund than for the benchmark. A 5.55% return versus a negative benchmark return shows that the strategy has held up through a difficult year for the reference index, even though the fund itself is still a relatively new scheme with limited history.

Because the available trail is short, we would read the recent strength with some caution. The time pattern points to modest but positive compounding, not a fast-rising return profile, and the fund’s behaviour looks more stable than the benchmark rather than dramatically different from it.

Source data date: as of 10 Sep 2026

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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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund Direct Growth Plan	5.55%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	33.08%	30.07%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.95%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.94%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	24.33%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	23.74%	Data not available	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 stronger equity-oriented peer figures in this table, but that is not surprising for a gilt index strategy. Its own benchmark comparison is more informative: the fund has done materially better than the benchmark over 1 year and slightly better over 3 months, which supports a steadier relative showing.

Since the listed peers are from different equity themes, the short-term comparison and the longer-term reading tell different stories. On the one hand, the fund looks modest beside the higher-return peer numbers; on the other hand, within its own rate-sensitive framework, it has protected returns better than the benchmark and has not shown obvious stress in the recent period.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Government of India (20/06/2027)	Government Securities	94.8%
TREPS	Cash & Cash Equivalents and Net Assets	3.76%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	1.43%

The largest holding is Government of India (20/06/2027) at 94.8%, which means the fund’s outcome is likely to be driven mainly by this single security. That is a very different profile from a diversified debt portfolio with many separate holdings.

Weight falls sharply after the first line item. TREPS is only 3.76%, and net receivable / payable is 1.43%, so the visible allocation is concentrated rather than spread evenly across many positions. In absolute terms, the biggest holding dominates the portfolio.

Because only three holdings are disclosed and they together account for 99.99% of the portfolio, the structure is highly concentrated in the disclosed sleeve. That concentration may make the fund’s behaviour easier to understand, but it also means the single government security is likely to have greater influence than the small cash and receivable positions.

Source data date: as of 10 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a moderate risk label and who want a gilt-oriented exposure with a defined maturity theme. The short return history is positive on a 1-year view, but the longer trailing figures are not yet meaningful, so the fund is better assessed as a focused fixed-income allocation than as a high-growth option.

It may appeal more to investors with a medium-term horizon who can tolerate price movement linked to interest-rate changes. The main trade-off is that the concentrated government-security structure can offer clarity and credit quality, but it also keeps the return path tied closely to rates rather than broad diversification.

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 10 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund Direct Growth Plan?
Its current NAV is ₹11.6993 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.55%. The 3-year and 5-year returns are not available yet.

How has the fund done versus its benchmark?
It has done better than the benchmark over 1 year and slightly better over 3 months. Over 1 month, the fund also stayed positive while the benchmark was weaker.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the equity-oriented peer figures shown here, while its own benchmark comparison looks steadier. The comparison is not like-for-like because the peers are from different themes.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

What is the portfolio and exit-load profile?
The portfolio is dominated by Government of India (20/06/2027) at 94.8%, with small cash and receivable positions. The fund has no exit load.

Bottom line

This fund’s short-term return pattern is steadier than its benchmark, and the 1-year figure is clearly better than the benchmark’s negative reading. The longer-term trail is still too limited to read as a mature track record, so the fund looks more like a focused gilt exposure than a fully tested long-history product. Its standout characteristic is the very high concentration in a single government security, which keeps the portfolio simple but also makes rate moves especially important.

Published on 11 September 2026 at 1:42 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.