DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund Direct Growth Plan has an NAV of ₹12.9964 as of 17 Sep 2026 and an AUM of ₹87 Cr. Its 1-year, 3-year and 5-year returns are 5.83%, 7.4% and 0% respectively, and the fund sits in the Balanced Risk category.

Our view is that this is a relatively contained debt-oriented index option for investors who want a defined maturity structure and do not need equity-style upside. The portfolio is built almost entirely from government securities and cash-like instruments, so the return pattern is likely to track interest-rate moves more than credit or stock-market swings.

Quick facts

Particular	Details
NAV	₹12.9964 as of 17 Sep 2026
AUM	₹87 Cr
Expense Ratio	0.16%
Launch Date	14 Feb 2023
Min SIP	₹100
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Shantanu Godambe

The fund is managed by Shantanu Godambe.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.25%	-3.66%
3M	1.35%	-3.71%
1Y	5.83%	-7.13%
3Y	7.4%	5.82%
5Y	Data not available	Data not available

Recent performance is better than the benchmark across 1 month, 3 months and 1 year, which tells us the fund has held up well in a weak market backdrop. The benchmark figures are negative in those same periods, so the fund’s positive returns are more about relative resilience than strong absolute upside.

The 3-year return is 7.4%, while the benchmark’s 3-year return is 5.82%. That keeps the fund modestly ahead over the medium term, even though the gap is not wide. For an index product, that kind of outcome is useful because it suggests the structure has done its job without relying on active calls.

The pattern looks steadier over the longer window than over the recent months. The 1-month and 3-month numbers improved after a softer stretch, which is consistent with a portfolio dominated by government securities and cash-like holdings rather than assets that can quickly rerate on growth sentiment. The 5-year figure is not available because the fund has not been in the market long enough.

Compared with NIFTY 50, the fund has clearly been less volatile in the periods shown. It did not capture equity-style upside, but it also avoided the benchmark’s negative short-term swings. For investors focused on smoother debt-market exposure, that trade-off matters more than chasing a high headline return.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD DSP Nifty SDL Plus G-Sec Sep 2027 50:50 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund Direct Growth Plan	5.83%	7.4%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.13%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.68%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	17.57%	18.84%	Data not available

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

The current fund’s 1-year return is far below the equity-oriented peer set shown here, but that is not a fair like-for-like comparison because those peers target very different market segments. Within the available data, the fund’s 3-year return is more modest than the stronger multi-year figures seen in the growth-oriented peers, but it remains solid for a debt-oriented structure. The short-term picture and the longer-term picture therefore tell different stories: peers show much higher upside potential, while this fund shows steadier debt-market behaviour.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.28% GOI 21092027	Government Securities	21.99%
7.38% GOI 20062027	Government Securities	21.02%
7.20% Maharashtra SDL 09082027	Government Securities	17.96%
7.18% Tamil Nadu SDL 26072027	Government Securities	11.56%
7.33% Maharashtra SDL 13092027	Government Securities	7.37%
7.29% Uttar Pradesh SDL 12072027	Government Securities	6.94%
8.26% GOI 02082027	Government Securities	5.85%
TREPS / Reverse Repo Investments	Cash & Cash Equivalents and Net Assets	4.63%
8.61% Tamil Nadu SDL 03092027	Government Securities	1.21%
7.27% Tamil Nadu SDL 12072027	Government Securities	1.16%

The largest holding alone is 21.99%, so the portfolio has a meaningful anchor position rather than a very flat spread. The next few holdings are also large, and the drop from the first to the tenth holding is sharp, with the final line in the table down to 1.16%.

The top ten disclosed holdings together account for approximately 99.69% of the portfolio, and there are no additional disclosed rows beyond these ten. That makes the portfolio look highly concentrated in a small set of dated sovereign and state-government securities, plus a modest cash-like allocation through TREPS and reverse repo.

For investors, that concentration may be acceptable because the structure is deliberately focused on a narrow maturity window. It also means a few positions are likely to have greater influence on returns than in a broadly diversified fund, so the portfolio can respond noticeably to rate movements even though it avoids credit risk from lower-quality issuers.

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with moderate risk and want debt-market exposure tied to government securities rather than equities. The 1-year, 3-year and available benchmark comparison show a fund that has been steadier than NIFTY 50 in weak stretches, while the 3-year figure points to a moderate compounding profile rather than a high-growth story.

The main trade-off is that the structure can be more predictable than equity funds, but it will not deliver equity-like upside in strong rallies. A longer holding horizon can help investors align with the maturity profile, and the concentrated government-security mix may appeal to those who prefer clarity over breadth.

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 17 Sep 2026

Frequently asked questions

What is the current NAV of DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund Direct Growth Plan?
The current NAV is ₹12.9964 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.83% and its 3-year return is 7.4%. The 5-year return is not available.

How has the fund done versus NIFTY 50?
It has been ahead of NIFTY 50 across the 1-month, 3-month, 1-year and 3-year periods shown. The benchmark has been negative in the shorter windows, while the fund has stayed positive.

How does it compare with the peer funds listed here?
Its 1-year and 3-year returns are lower than the equity-focused peer returns shown, but the comparison is not like-for-like because those peers follow different market segments. This fund’s pattern is steadier and more debt-oriented.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.

What are the tax and exit-load rules?
Units held for less than 1 year attract 20% short-term capital gains tax, while units held for more than 1 year attract 12.5% long-term capital gains tax. There is no exit load.

Bottom line

This fund’s recent numbers are stronger than the benchmark’s weak short-term performance, but the longer view is steadier than spectacular. The portfolio is concentrated in government securities with one small cash-like sleeve, so the return pattern should be read as rate-sensitive rather than growth-led. For investors who want a defined-maturity debt structure and can accept moderate risk in exchange for relative stability, it is a focused, straightforward option.

Published on 18 September 2026 at 11:35 AM 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.