BHARAT Bond FOF - April 2030 - Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

BHARAT Bond FOF – April 2030 – Direct Growth Plan closed 16 September 2026 with a NAV of ₹16.0053 as of 11 Sep 2026 and an AUM of ₹8,868 Cr. Its 1-year, 3-year and 5-year returns are 4.78%, 7.38% and 6.46%, respectively, and the fund sits in the Medium Risk category.

Our view is that this is a measured debt-oriented fund of fund rather than a short-term return play. The portfolio is almost fully concentrated in one holding, so the return path is likely to follow the underlying Bharat Bond ETF closely. That makes it more suitable for investors who want a defined maturity-style exposure and can accept moderate fluctuations in pursuit of steady compounding.

Quick facts

Particular	Details
NAV	₹16.0053 as of 11 Sep 2026
AUM	₹8,868 Cr
Expense Ratio	0.08%
Launch Date	30 Dec 2019
Min SIP	₹100
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	0.10% on or before 30D, Nil after 30D
Fund Managers	Hetul Raval, Rahul Dedhia

The fund is managed by Hetul Raval and Rahul Dedhia.

Source data date: as of 11 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.22%	-4.81%
3M	0.89%	-3.63%
1Y	4.78%	-8.27%
3Y	7.38%	5.59%
5Y	6.46%	5.58%

The recent pattern is steadier than the benchmark. Over 1 month and 3 months, the fund stayed near the flat line while the benchmark was weaker, which suggests comparatively calmer behaviour in a difficult short-term stretch. The fund did not produce a sharp short-term jump, but it held up better than the benchmark in the same windows.

The longer view is more constructive. The 1-year return of 4.78% is well ahead of the benchmark’s negative 8.27%, and the 3-year and 5-year figures also remain above the benchmark’s 5.59% and 5.58%. That tells us the fund has delivered a more resilient compounding path than the benchmark over the full review window.

At the same time, the 1-year figure is below the fund’s own 3-year and 5-year numbers. Our read-through is that the recent stretch has been softer than the longer-term trend, even though it still compares favourably with the benchmark. For investors, that combination matters more than a single quarter: it points to a fund that has preserved relative stability while still compounding over time.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD BHARAT Bond FOF – April 2030 -?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
BHARAT Bond FOF – April 2030 – Direct Growth Plan	4.78%	7.38%	6.46%
SBI Silver ETF FOF Direct Growth Plan	81.88%	Data not available	Data not available
Axis Silver FoF Direct Growth Plan	80.07%	45.18%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	79.84%	Data not available	Data not available
HDFC Silver ETF FoF Direct Growth Plan	79.28%	44.70%	Data not available
Kotak Silver ETF FoF Direct Growth Plan	74.67%	44.26%	Data not available

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

The peer set tells a very different story on recent returns, because the silver-themed FoFs in the table have far stronger 1-year numbers than this fund. That does not make a direct comparison of strategy appropriate, but it does show that the fund’s 1-year return is modest versus those peers.

On the longer horizon, the available 3-year and 5-year figures for this fund are firmer than the available longer-term numbers for the silver FoFs shown here, where some entries either lack multi-year history or show much lower multi-year compounding. In our view, the comparison favours consistency over excitement: this fund looks more restrained in the short run but more stable in the long run.

So the short-term and longer-term peer pictures do not say the same thing. The recent peer gap is wide, while the fund’s own longer-term path remains steadier and more relevant for investors who care about outcome reliability rather than a sharp one-year surge.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
BHARAT BOND ETF-APRIL 2030-GROWTH	Domestic Mutual Funds Units	99.81%

With one disclosed holding at 99.81%, the portfolio is extremely concentrated in a single underlying fund. That holding is likely to have the greatest influence on NAV movement, and there is very little visible diversification within the disclosed portfolio slice.

Because only one holding is disclosed, there is no falling-away pattern across multiple positions to read here. The key point is concentration: the fund’s behaviour may closely track the underlying Bharat Bond ETF, and investors should expect the portfolio to be driven mainly by that single exposure rather than by a spread of smaller positions.

At the same time, the disclosed holdings account for 99.81% of the portfolio, and the total disclosed holding count is 1. That tells us the fund is not built as a broad multi-holding basket; instead, it is designed around one dominant exposure, which can support clarity but may reduce diversification benefits.

Source data date: as of 11 Sep 2026

Who should invest

This fund suits investors who are comfortable with Medium Risk and want a relatively measured debt-oriented allocation rather than an equity-style growth profile. The 1-year return is softer than the 3-year and 5-year numbers, but it has still stayed ahead of the benchmark, which makes the fund more appealing for investors who value steadier relative performance over short bursts of momentum.

A medium-to-long horizon fits it better than a very short holding period, because the longer-term numbers give a clearer picture than the latest year alone. The main trade-off is concentration: the portfolio is effectively tied to one underlying exposure, so the fund may be more predictable than a diversified multi-asset portfolio, but it may also offer less variety in return drivers.

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

• 0.10% if units are sold on or before 30 days.
• No exit load after 30 days.

Source data date: as of 11 Sep 2026

Frequently asked questions

What is the current NAV of BHARAT Bond FOF – April 2030 – Direct Growth Plan?

The current NAV is ₹16.0053 as of 11 Sep 2026.

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

The fund’s 1-year return is 4.78%, the 3-year return is 7.38% and the 5-year return is 6.46%.

How has the fund performed versus the benchmark?

It has beaten the benchmark across the listed periods. The gap is especially clear over 1 year, where the fund is positive while the benchmark is negative.

How does it compare with the peer funds shown here?

Its 1-year return is much lower than the silver-themed FoFs listed in the peer table, while its longer-term figures remain steadier than what is visible for some of those peers. The comparison therefore points to stability rather than a short-term surge.

Is there a minimum SIP amount?

The minimum SIP is ₹100.

Who manages this fund and what is the exit load?

The fund is managed by Hetul Raval and Rahul Dedhia. The exit load is 0.10% if units are sold on or before 30 days, and there is no exit load after 30 days.

Bottom line

BHARAT Bond FOF – April 2030 – Direct Growth Plan looks more like a steady compounding vehicle than a high-velocity performer. Its recent 1-year return is softer than its 3-year and 5-year numbers, but the fund still stays ahead of the benchmark across the listed periods. The portfolio is almost fully concentrated in one underlying holding, so the ride is likely to remain closely tied to that exposure. For investors who want a medium-risk, bond-style allocation with limited portfolio complexity, that profile may fit better than a broad, multi-driver fund.

Published on 16 September 2026 at 2:24 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.