HDFC Nifty G-Sec Jun 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

HDFC Nifty G-Sec Jun 2027 Index Fund Direct Growth Plan is an index fund with a NAV of ₹13.0251 as of 17 September 2026 and an AUM of ₹567 Cr. Its 1-year, 3-year and 5-year returns are 5.53%, 7.3% and 0% respectively, and it sits in the Balanced Risk category.

Our view is that the fund has offered steady medium-term movement, but the latest 1-year return is modest and the long-term 5-year figure does not yet provide a full compounding record. The portfolio is highly focused on a small set of government securities, which can make the fund’s behaviour easier to understand, though it also means a few bonds are likely to drive most of the outcome.

Quick facts

Particular	Details
NAV	₹13.0251 as of 17 Sep 2026
AUM	₹567 Cr
Expense Ratio	0.2%
Launch Date	09 Dec 2022
Min SIP	₹100
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Anupam Joshi, Sankalp Baid

The fund is managed by Anupam Joshi and Sankalp Baid.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.27%	-3.66%
3M	1.16%	-3.71%
1Y	5.53%	-7.13%
3Y	7.3%	5.82%
5Y	Data not available	Data not available

The fund has stayed positive across the displayed timeframes, while the benchmark has been negative over 1 month, 3 months and 1 year. That gap tells us the fund has handled the recent environment better than the benchmark, even though the absolute 1-year return is still moderate.

The 3-year return is stronger than the 1-year number, which suggests the fund has built a better medium-term record than the latest year alone would imply. The 5-year figure is not available in the same way, so we do not yet have a complete long-horizon return picture for comparison.

Recent behaviour also looks more stable than the benchmark’s swings. The fund’s path shows gains and small pauses rather than sharp drawdowns, which is consistent with a portfolio built around government securities and a limited set of holdings. For investors, that usually points to a smoother ride than equity-oriented funds, but not necessarily high upside.

Against the benchmark, our view is that the fund has been ahead in the recent windows and still ahead over 3 years. The main takeaway is not aggressive return generation; it is relative resilience and a more controlled pattern of movement than the benchmark’s recent weakness.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD HDFC Nifty G-Sec Jun 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
HDFC Nifty G-Sec Jun 2027 Index Fund Direct Growth Plan	5.53%	7.3%	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 fund’s 1-year return is far below the stronger peer figures shown here, while its 3-year return is also lower than the peer names with available longer-history data. At the same time, the peer set includes equity-heavy index funds, so the comparison is best read as a return snapshot rather than a like-for-like bond-versus-equity judgement.

What matters more is the contrast between the fund’s steadier path and the sharper return levels seen in several peers. The short-term story is weaker on raw return, but the longer-term story still shows a controlled, positive record that may suit investors who prefer stability over chasing the highest recent number.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.38% GOI Mat 200627	Government Securities	80.64%
6.79% GOI Mat 150527	Government Securities	17.56%
Net Current Assets	Cash & Cash Equivalents and Net Assets	1.48%

The largest holding, 7.38% GOI Mat 200627, carries 80.64% of the portfolio, so it is likely to have the greatest influence on outcomes. The second holding is also sizeable at 17.56%, which means the portfolio is not spread thinly across many positions.

Because the top three disclosed holdings together account for 99.68% of the portfolio, the fund looks highly concentrated in a small number of instruments. With only 3 disclosed holdings in total, the weight falls away very sharply after the first line, and there is no long tail of smaller positions visible here.

That concentrated profile may help keep the portfolio easy to follow, but it also means the fund’s behaviour could be dominated by movement in a couple of government securities. For investors, that can be acceptable if the goal is a focused gilt exposure rather than broad diversification.

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a balanced-risk profile and want a relatively measured debt-oriented exposure rather than a high-volatility return chase. The 1-year return is modest, the 3-year return is better, and the benchmark has been weaker over the same recent periods, so the fund fits better as a stability-led allocation than as an aggressive growth choice.

The main trade-off is concentration: the portfolio is dominated by a few government securities, so returns are likely to depend heavily on those holdings. Investors with a medium to long investment horizon and a preference for clear, bond-led exposure may find that acceptable, while those seeking fast upside may not.

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 HDFC Nifty G-Sec Jun 2027 Index Fund Direct Growth Plan?
The current NAV is ₹13.0251 as of 17 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.53%, its 3-year return is 7.3%, and its 5-year return is 0% in the available record.

How has the fund performed against the benchmark?
It has outpaced the benchmark in 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 recent return trail is weaker than several of the peer funds shown, especially the equity-index peers with much higher 1-year numbers. The comparison is still useful because it shows that the fund has been steadier, even if it has not matched those higher return levels.

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 Anupam Joshi and Sankalp Baid. The exit load is nil, so no exit charge applies on redemption.

Bottom line

This fund’s recent performance is steadier than its benchmark and its 3-year record is better than the latest 1-year number suggests, but the 5-year picture is still incomplete. Compared with the peer funds shown, its return profile is more restrained, which matches a portfolio that is overwhelmingly concentrated in government securities. Our view is that it fits investors who want a controlled, bond-led allocation and can accept modest return expectations in exchange for a more measured ride.

Published on 18 September 2026 at 9:42 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.