Edelweiss CRISIL IBX AAA Financial Services Bond - Jan 2028 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss CRISIL IBX AAA Financial Services Bond – Jan 2028 Index Fund Direct Growth Plan has a NAV of ₹11.398 as of 15 September 2026 and an AUM of ₹103 Cr. Its 1-year, 3-year and 5-year returns are 6.25%, 0% and 0%, and the scheme carries a Balanced Risk label.

Our view is that this is a focused bond-index product for investors who can accept a short list of large AAA-rated financial-services exposures and a return profile that has been steadier over the recent period than the longer run implied by the zero 3-year and 5-year figures. The fund looks more suitable for investors seeking defined-credit exposure than for those expecting equity-like compounding.

Quick facts

Particular	Details
NAV	₹11.398 as of 15 Sep 2026
AUM	₹103 Cr
Expense Ratio	0.17%
Launch Date	27 Nov 2024
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 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.4%	-4.81%
3M	1.72%	-3.63%
1Y	6.25%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern is clearly firmer than the benchmark. Over 1 month, 3 months and 1 year, the fund stayed in positive territory while the benchmark was negative across the same windows, which points to a meaningful divergence in short-term behaviour.

That said, the longer-window numbers do not show a full multi-year compounding history yet. The scheme launched in late 2024, so the 3-year and 5-year rows are not available, and that means the strongest evidence we have is for the most recent 12 months rather than a full market cycle.

Within that recent period, the fund’s path looks relatively stable rather than dramatic. The daily pattern implied by the one-month and three-month movements suggests modest gains and limited swings, which is consistent with a debt-oriented index fund that is trying to track a narrow bond bucket rather than chase fast upside.

For investors, the key point is that the fund has protected recent relative performance even while the benchmark has been weak. We would still treat the 1-year figure as the most meaningful anchor for now, because the scheme does not yet offer a longer live record that can be compared on the same footing.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Edelweiss CRISIL IBX AAA Financial Services Bond – Jan 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.

Already holding Edelweiss CRISIL IBX AAA Financial Services Bond – Jan 2028 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
Edelweiss CRISIL IBX AAA Financial Services Bond – Jan 2028 Index Fund Direct Growth Plan	6.25%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	32.61%	29.92%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	25.91%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.71%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.15%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	18.11%	18.92%	Data not available

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

The fund’s recent 1-year return is well below the equity-oriented peer returns shown here, but that gap reflects different market segments rather than a like-for-like contest. On the available longer figures, the fund has no 3-year or 5-year history to compare, while some peers do, so the short-term comparison is more informative than a longer-term one.

What stands out is that the peers with the strongest figures are equity or equity-like index funds, while this scheme is built around a very different bond basket. As a result, the peer table suggests lower upside here, but also a more restrained profile that is tied to credit-linked fixed-income exposure rather than broad market momentum.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.3721% Kotak Mah Invest NCD R 20-08-27**	Corporate Debt	9.72%
8.29% Axis Fin SR 01 NCD R 19-08-27**	Corporate Debt	9.71%
7.92% Aditya Birla Cap NCD Red 27-12-27**	Corporate Debt	9.68%
8.01% Mah & Mah Fin SR Red 24-12-2027**	Corporate Debt	9.68%
7.712% Tata Cap HSG Fin SR D 14-01-2028**	Corporate Debt	9.66%
7.7951% Bajaj Fin Ltd NCD Red 10-12-2027**	Corporate Debt	9.66%
7.59%National Housing Bank NCD 08-09-27**	Corporate Debt	4.85%
7.70% Recl NCD SR156 Red 10-12-2027**	Corporate Debt	4.85%
7.74% PFC SR 172 NCD Red 29-01-2028**	Corporate Debt	4.85%
7.98% Bajaj Housing Fin NCD Red 18-11-27**	Corporate Debt	4.85%

The top 10 holdings account for approximately 77.51% of the portfolio.

To see all holdings, visit the Edelweiss CRISIL IBX AAA Financial Services Bond – Jan 2028 Index Fund Direct Growth Plan page

The largest holding is just under 10%, so no single position dominates the portfolio outright. The drop from the first few holdings to the 10th is noticeable, but the allocation still remains fairly clustered in the upper part of the list, with several positions sitting close to the 9.6% level and another group at 4.85%.

That structure suggests a portfolio where a handful of bonds could have greater influence on returns and price movement than the smaller tail. At the same time, the top 10 already represent 77.51% of the disclosed holdings, and there are 16 holdings in total, so the scheme is not a one-position bet; it is more of a concentrated fixed-income basket with a meaningful tail beyond the largest names.

Source data date: as of 15 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a Balanced Risk label and want exposure to a defined set of AAA financial-services bonds rather than broad market equity growth. The recent return pattern is modest but positive, and it has held up better than the benchmark across the latest 1-month, 3-month and 1-year windows.

The main trade-off is that the scheme’s longer record is not yet available, so investors are relying on a short live history and on the bond structure itself. That makes it more appropriate for those with a medium-term horizon who value fixed-income style exposure and can accept that the upside is likely to be more limited than in equity-oriented peers.

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% upto 30D, Nil after 30D

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of this fund?
The NAV is ₹11.398 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.25%, while the 3-year and 5-year returns are not available yet for this scheme.

How has it performed against the benchmark?
It has done better than the benchmark across the latest 1-month, 3-month and 1-year periods. The benchmark figures are negative in each of those windows, while the fund stayed positive.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the equity-oriented peer funds shown here. That comparison should be read with caution because the peers are in different market segments and have different return profiles.

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

Who manages the fund and what does the portfolio look like?
The fund is managed by Dhawal Dalal and Hetul Raval. The portfolio is concentrated in corporate debt holdings, and the top 10 holdings together account for approximately 77.51% of the disclosed holdings.

Bottom line

This fund’s recent performance is steadier than the benchmark, but its longer-term record is still limited because the scheme is relatively new. On the peer list, its return profile sits well below the equity-oriented names shown, which fits the fund’s different fixed-income mandate rather than a direct competition for growth leadership. The portfolio is concentrated in a small set of corporate debt positions, so investors should view it as a focused bond allocation with a Balanced Risk label and a modest-return expectation.

Published on 16 September 2026 at 8:27 AM 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.