HDFC NIFTY G-Sec Jun 2036 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

HDFC NIFTY G-Sec Jun 2036 Index Fund Direct Growth Plan is priced at ₹13.0904 as of 17 Sep 2026, and its scheme AUM stands at ₹859 Cr. Its 1-year, 3-year and 5-year returns are 3.76%, 7.38% and 0%, and the fund sits in the Medium Risk category.

Our view is that this is a conservative bond-market exposure within the index-fund space, but the return pattern has been uneven. The portfolio is dominated by government securities, so the fund is likely to matter more for stability and duration exposure than for aggressive capital growth.

Quick facts

Particular	Details
NAV	₹13.0904 as of 17 Sep 2026
AUM	₹859 Cr
Expense Ratio	0.2%
Launch Date	15 Mar 2023
Min SIP	₹100
Risk Category	Medium 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	-1%	-3.66%
3M	0.34%	-3.71%
1Y	3.76%	-7.13%
3Y	7.38%	5.82%
5Y	Data not available	Data not available

The recent pattern is better than the benchmark. Over 1 month, the fund was down slightly, but the benchmark fell more sharply. Over 3 months and 1 year, the fund stayed positive while the benchmark remained negative, which points to relatively steadier short-term behavior.

The longer view is more mixed. The 3-year return is positive at 7.38%, and it is ahead of the benchmark’s 5.82% over the same period. That suggests the fund has managed to keep up a modest compounding trend despite earlier swings visible in the price path.

At the same time, the recent track looks more stable than the broader one-year journey, which included a noticeable dip before recovery. For an investor, that means the fund has shown resilience, but not in a straight line. The absence of a usable 5-year number also limits how much long-horizon confidence we can draw from trailing returns alone.

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

Source data date: as of 17 Sep 2026

Should you BUY or HOLD HDFC NIFTY G-Sec Jun 2036 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 2036 Index Fund Direct Growth Plan	3.76%	7.38%	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

In available return data, the fund’s 1-year figure trails the better-performing peer funds in this set by a wide margin, while the 3-year number is also below the stronger equity-oriented peers. That gap is consistent with the fund’s bond-heavy structure, where the objective is usually smoother debt-market participation rather than standout short-term gains.

Its 3-year return is still ahead of the benchmark shown for this fund, which matters more here than comparison with equity index funds that follow very different return paths. The peer set therefore tells two stories at once: compared with the benchmark, the fund has held up reasonably well; compared with the peers listed here, the return profile is much more restrained.

That difference is useful for reading the fund correctly. The short-term peer comparison looks weak on raw return, but the longer-term comparison against its own benchmark is less severe. In our view, that makes the fund easier to judge as a steady-rate exposure than as a return leader.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.54% GOI Mat 230536	Government Securities	87.7%
6.67% GOI Mat 151235^	Government Securities	10.31%
Net Current Assets	Cash & Cash Equivalents and Net Assets	1.85%

The largest holding is 7.54% GOI Mat 230536 at 87.7%, so one security has a very large influence on the fund’s outcome. The second holding is much smaller at 10.31%, and the residual cash-and-net-assets line is 1.85%, which shows how quickly the weight falls away after the main position.

Because there are only three disclosed holdings, the portfolio is visibly concentrated rather than spread across a long tail. The top two government-securities positions together make up almost the entire portfolio, which may keep the fund closely tied to movements in those instruments.

The disclosed holdings account for 99.86% of the portfolio, so what we see here captures nearly the full structure. That level of concentration may contribute to clearer duration exposure, but it also means performance is likely to be more dependent on a small number of positions than on broad diversification.

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with Medium Risk and want a debt-oriented index fund rather than an equity-style growth engine. The 1-year and 3-year numbers show a modest but uneven return pattern, so the fit is better for investors who can stay invested through short swings and focus on multi-year holding periods.

The main trade-off is straightforward: the portfolio is heavily concentrated in government securities, which can support stability, but that concentration also limits diversification across holdings. Investors who want benchmark-aware, relatively restrained return behavior may find the profile useful, while those looking for stronger upside may prefer a different category.

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 2036 Index Fund Direct Growth Plan?

The current NAV is ₹13.0904 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 3.76%, the 3-year return is 7.38%, and the 5-year return is Data not available.

How has the fund performed against the benchmark?

It has beaten the benchmark over 1 month, 3 months, 1 year and 3 years in the figures provided here. The 3-year fund return is 7.38% versus 5.82% for the benchmark.

How does it compare with the peer funds listed here on 1-year return?

Its 1-year return of 3.76% is far below the peer funds listed here, many of which are equity-oriented and have much stronger 1-year figures. That comparison needs to be read alongside the fund’s debt-heavy portfolio.

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 no exit load.

Bottom line

This fund’s recent return pattern is steadier than its benchmark, and its 3-year figure is also ahead of the benchmark shown here, but its return profile is still modest relative to the peer set displayed. The risk label is Medium Risk, and the portfolio is highly concentrated in government securities, with one holding dominating the structure. That makes the fund more suitable for investors who want a debt-oriented index exposure with a relatively narrow portfolio rather than broad diversification or strong upside.

Published on 18 September 2026 at 12:20 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.