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 had a NAV of ₹11.6847 as of 28 Aug 2026 and a scheme AUM of ₹12 Cr. Its 1-year, 3-year and 5-year returns are 5.6044%, 0% and 0%, and the risk category is Balanced Risk.

Our view is that this is a niche gilt-oriented index fund with a tightly focused government-securities exposure and a modest cash buffer. The short history, limited return record and benchmark behaviour make it more relevant for investors who want a defined maturity-style debt exposure than for those looking for a broad long-term growth engine.

Quick facts

Metric	Value
NAV	₹11.6847 as of 28 Aug 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 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.39%	-0.85%
3M	1.57%	3.39%
1Y	5.6%	-2.29%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent picture is mixed. In 1 month, the fund stayed positive while the benchmark was negative, which indicates some short-term resilience. Over 3 months, however, the benchmark moved ahead, so the fund did not lead every recent stretch.

The 1-year return stands out because the fund is positive while the benchmark is negative. That makes the one-year trend clearly better than the benchmark’s own trailing figure, even though the fund’s gain is not especially large in absolute terms.

Longer-term interpretation is constrained by the fund’s short life. The scheme launched in June 2024, so there is no meaningful 3-year or 5-year history to review. In practice, that means the available evidence is centred on the first year of operation rather than on a full market cycle.

The time pattern also looks fairly contained rather than highly volatile. The recent movements suggest a fund that has generally held its ground, but not one that has delivered a strong upward trend over every measured period. For investors, that matters because the appeal here is more about a specific gilt exposure and maturity profile than about rapid compounding.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD Aditya Birla SL CRISIL IBX Gilt June 2027 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 Aditya Birla SL CRISIL IBX Gilt June 2027 Index? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund Direct Growth Plan	5.6%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	35.235%	31.2535%	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	32.3519%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	32.0816%	Data not available	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	31.9037%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	31.8928%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Against the peer set, the fund’s 1-year return is far lower than the equity-oriented names listed here, which is consistent with its gilt-heavy profile rather than a broad market or sector-growth mandate. That difference is not a weakness by itself; it simply reflects a different return profile.

Where the comparison becomes more useful is in understanding the time horizon. Most peers here have no 3-year or 5-year figure available, so the short record limits any long-run comparison. Based on what is available, the fund has shown steadier debt-style behaviour, while the peer returns largely reflect equity-market momentum.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The market-cap mix is entirely classified under other assets at 100%, with no allocation shown to large-cap, mid-cap or small-cap buckets. That fits a gilt-index structure, where traditional equity-style market-cap labels do not describe the portfolio well.

Sector	Weight	Holdings
GOVERNMENT SECURITIES	92.99%	GOVERNMENT OF INDIA (20/06/2027) – 92.99%
CASH & CASH EQUIVALENTS AND NET ASSETS	7.01%	CLEARING CORPORATION OF INDIA LIMITED – 4.33%; NET RECEIVABLES / (PAYABLES) – 1.67%

The portfolio is heavily centred on government securities, and that single sector is materially larger than the cash-and-net-assets bucket. At 92.99%, it is likely to drive most of the fund’s day-to-day behaviour, while the 7.01% in cash and net assets mainly supports liquidity and settlement needs.

Because the portfolio is almost fully concentrated in government securities, the fund’s movement may be shaped more by interest-rate expectations and bond-market pricing than by equity-style business or earnings cycles. The single holding in government securities also makes the exposure easy to read.

In our view, this structure suggests a narrow and deliberate portfolio design. Investors should expect the largest influence to come from the government-securities sleeve, with the smaller cash component acting more as a stabiliser than a return driver.

Source data date: as of 28 Aug 2026

Who should invest

This fund is better suited to investors who are comfortable with debt-style market moves and do not need aggressive upside. The Balanced Risk label and the government-securities-heavy portfolio point to a relatively contained profile, although returns still depend on bond-market conditions.

The short track record means the most relevant horizon is medium term rather than very short term. Investors who can hold through periods when the benchmark may move differently from the fund may find the structure easier to evaluate than those looking for quick performance visibility.

The main trade-off is simple: the portfolio offers a focused gilt exposure and a defined maturity-style setup, but it does not offer the kind of return profile associated with faster-growing equity peers. That makes the fund more about stability and rate sensitivity than about high growth.

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 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund Direct Growth Plan?

The NAV is ₹11.6847 as of 28 Aug 2026.

What are the 1-year, 3-year and 5-year returns?

The 1-year return is 5.6044%, while the 3-year and 5-year returns are both 0% in the available record, which reflects the fund’s short operating history.

How has the fund performed versus its benchmark?

Over 1 year, the fund has returned 5.6% compared with -2.29% for the benchmark. Over 3 months, the benchmark has been ahead, so the comparison is mixed rather than one-sided.

How does it compare with the peer funds listed here?

Its 1-year return is much lower than the equity-oriented peers shown here, but those peers are pursuing different market exposures. The comparison therefore highlights strategy differences more than direct similarity.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What are the risk label, portfolio mix and exit load?

The risk category is Balanced Risk. The portfolio is 92.99% government securities and 7.01% cash and net assets, and the fund has no exit load.

Bottom line

The fund’s recent numbers are steadier than explosive: it has a positive 1-year return, but the shorter 3-month period has not been as strong relative to the benchmark. The longer-dated figures are not yet meaningful because the scheme has a short history. Compared with the peer set shown here, its return profile is clearly more restrained, which fits the government-securities-heavy portfolio and Balanced Risk label. For investors who want a focused gilt exposure with no exit load, that structure may be the main attraction.

Published on 31 August 2026 at 3:41 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.