Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund Direct Growth Plan has a NAV of ₹13.291 as of 16 Sep 2026 and an AUM of ₹128 Cr. Its 1-year, 3-year and 5-year returns are 5.48%, 7.43% and 0% respectively, and the scheme sits in the Balanced Risk category.

Our view is that the fund fits investors who want a defined-maturity-style government securities portfolio with moderate risk rather than a broad equity-style return path. The recent return profile is steady but modest, while the portfolio is dominated by sovereign and SDL paper, which may make the outcome depend more on interest-rate moves than on market sentiment.

Quick facts

Particular	Details
NAV	₹13.291 as of 16 Sep 2026
AUM	₹128 Cr
Expense Ratio	0.2%
Launch Date	10 Nov 2022
Min SIP	₹100
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	0.10% upto 30D, Nil after 30D
Fund Managers	Dhawal Dalal, Hetul Raval

The fund is managed by Dhawal Dalal and Hetul Raval.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.05%	-4.41%
3M	1.17%	-3.6%
1Y	5.48%	-7.76%
3Y	7.43%	5.74%
5Y	Data not available	Data not available

The short-term picture has been stronger than the benchmark. Over 1 month and 3 months, the fund stayed marginally positive while the benchmark was negative, which suggests the portfolio held up better through the latest rate-driven swings.

The 1-year return also shows the same pattern, with the fund at 5.48% against a negative benchmark print. That is a useful sign for investors who care more about stability than about chasing fast upside, because the fund has not needed a sharp equity-like rally to stay ahead of the benchmark in the recent period.

The longer lens is different. The 3-year return of 7.43% is positive, but it is not a high-growth outcome, and it indicates a moderate compounding path rather than a strong capital appreciation story. The time pattern suggests the fund has been relatively stable, with a mild recovery after softer stretches, which is typical of a debt-oriented index structure tied to government securities.

The main takeaway is that recent behaviour has been more resilient than the benchmark, while the 3-year return still points to measured rather than aggressive compounding. For investors, that means the fund is better judged as a portfolio stabiliser and rate-cycle play than as a return accelerator.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 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
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund Direct Growth Plan	5.48%	7.43%	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.

On 1-year return, the fund trails the faster-moving equity index peers in this table, but that comparison is not the same kind of contest because the peer set includes higher-volatility equity strategies. Within this group, the fund’s 3-year return is below the stronger equity funds with available 3-year data, though its recent pattern is more defensive and less cyclical. The short-term and longer-term stories therefore differ: recent resilience is visible, but the compounding pace remains measured.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.47% Gujarat SDL Red 21-08-2028	Government Securities	39.96%
7.38% Govt of India Red 20-06-2027	Government Securities	23.99%
7.06% Govt of India Red 10-04-2028	Government Securities	20.5%
8.15% Tamil Nadu SDL Red 09-05-2028	Government Securities	7.94%
8.79% Gujarat SDL Red 12-09-2028	Government Securities	4.02%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	1.51%
Accrued Interest	Cash & Cash Equivalents and Net Assets	1.36%
6.13% Govt of India Red 04-06-2028	Government Securities	0.78%

The single largest holding is 8.47% Gujarat SDL Red 21-08-2028 at 39.96%, so one security has a very strong influence on the portfolio’s day-to-day movement. The next two positions are also sizable at 23.99% and 20.5%, which means the core of the portfolio is built around a small set of government securities rather than a wide spread of small bets.

Weight then falls sharply into the mid-single digits, with the fourth and fifth holdings at 7.94% and 4.02%. That drop from the top three to the rest suggests the portfolio may be driven mainly by its largest sovereign lines, while the smaller cash and accrued-interest entries play a much lighter role.

All disclosed holdings together sum to 100%, and there are 8 disclosed holding rows in total. That makes the portfolio appear concentrated in a handful of government-linked positions, which could improve clarity of exposure but also means movements in the largest bonds may have greater influence on returns than a more evenly spread portfolio would.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who are comfortable with a Balanced Risk profile and who can hold through rate-cycle moves rather than expecting smooth monthly gains. The 1-year return has been better than the benchmark’s recent stretch, but the 3-year result shows a moderate pace, so the fund is better aligned with capital-preservation-minded debt investors than with return chasers.

The trade-off is straightforward: the portfolio’s sovereign-heavy structure may offer clearer credit quality, but the return profile is still shaped by interest-rate and maturity dynamics. Investors with a medium-term horizon and a preference for government securities exposure may find the structure easier to understand than more complex debt strategies.

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 within 30 days; nil after 30 days.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund Direct Growth Plan?
The current NAV is ₹13.291 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 5.48%, the 3-year return is 7.43%, and the 5-year return is not available.

How has the fund performed versus NIFTY 50 recently?
It has held up better over 1 month, 3 months and 1 year than the benchmark, which was negative across those periods. The 3-year return is also positive at 7.43%, while the benchmark’s 3-year return is 5.74%.

How does it compare with the peer funds listed here?
Its recent return is lower than the equity-oriented peer funds shown here, while its 3-year return is also below the stronger longer-term numbers among peers with available 3-year data. The comparison suggests a steadier debt-style pattern rather than a high-growth peer profile.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Dhawal Dalal and Hetul Raval. The exit load is 0.10% if units are sold within 30 days and nil after 30 days.

Bottom line

This fund’s recent return pattern is steadier than its benchmark, while the 3-year result shows moderate compounding rather than rapid growth. Against the peer funds listed here, the return profile is more conservative, which matches its Balanced Risk label and government-security-heavy portfolio. That structure may appeal to investors who want a clearer debt allocation with defined maturity exposure, but it also means the return path is likely to remain more interest-rate-sensitive than equity-linked alternatives.

Published on 17 September 2026 at 6:00 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.