Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Nifty AAA CPSE Bond Plus SDL – Apr 2027 Maturity 60:40 Index Fund Direct Growth Plan currently has a NAV of ₹13.1873 as of 16 September 2026 and an AUM of ₹2,897 Cr. Its 1-year, 3-year and 5-year returns are 6.36%, 7.41% and 0%, respectively, and the scheme is tagged as Low Risk. Our view is that this is a conservative index option with a relatively stable return profile, but its recent behaviour still needs to be read against a benchmark that has been weaker over the same period.

The fund may suit investors who want a low-volatility debt-style allocation and can stay invested with a medium-term horizon. The portfolio is built around AAA corporate debt, state government securities and a small cash buffer, so it is shaped more by income-style exposure than by sharp market swings.

Quick facts

Particular	Details
NAV	₹13.1873 as of 16 Sep 2026
AUM	₹2,897 Cr
Expense Ratio	0.15%
Launch Date	29 Mar 2022
Min SIP	₹100
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Vivek Sharma

The fund is managed by Vivek Sharma.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.48%	-4.41%
3M	1.68%	-3.6%
1Y	6.36%	-7.76%
3Y	7.41%	5.74%
5Y	Data not available	Data not available

The short-term pattern has been more supportive for the fund than for the benchmark. Over 1 month and 3 months, the fund has stayed positive while the benchmark has remained negative, which points to a steadier income profile than the broad market index used here.

The 1-year figure is also materially better than the benchmark, which makes the recent period look healthier than the index on a relative basis. That said, the 3-year return is still moderate rather than standout, so our view is that the fund has delivered stability more than strong capital growth.

The longer pattern is important because the time path is not one-way. The movement over the 3-year window shows some periods of softness and recovery rather than a smooth climb, which is normal for a debt-oriented index fund, but it also means returns have not compounded at a fast pace.

We would read the gap between the fund and the benchmark as a sign that the current portfolio mix has been more resilient than the benchmark over recent windows. Even so, the fund’s own 3-year return suggests that investors should frame expectations around modest compounding rather than rapid gains.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Nippon India Nifty AAA CPSE Bond Plus SDL – Apr 2027 Maturity 60:40 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
Nippon India Nifty AAA CPSE Bond Plus SDL – Apr 2027 Maturity 60:40 Index Fund Direct Growth Plan	6.36%	7.41%	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 trails the strongest peer figures listed here, but the comparison set is tilted toward equity-themed index funds with much higher recent numbers. On the available 3-year figures, the fund is still positive, yet it is below the stronger peer results that also have 3-year data. The message is mixed: recent performance is steady for a low-risk debt-oriented strategy, but the peer set shows that other index funds have captured much faster growth where that style of exposure is appropriate.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.83% Indian Railway Finance Corporation Limited**	Corporate Debt	6.53%
7.68% Indian Railway Finance Corporation Limited**	Corporate Debt	6.16%
7.8% National Bank for Agriculture and Rural Development	Corporate Debt	4.32%
7.75% State Government Securities	Government Securities	4.18%
Net Current Assets	Cash & Cash Equivalents and Net Assets	3.72%
7.52% REC Limited	Corporate Debt	3.5%
7.76% State Government Securities	Government Securities	3.5%
6.37% REC Limited**	Corporate Debt	3.43%
7.86% State Government Securities	Government Securities	3.34%
7.15% State Government Securities	Government Securities	3.15%

The top 10 holdings account for approximately 41.83% of the portfolio.

To see all holdings, visit the Nippon India Nifty AAA CPSE Bond Plus SDL – Apr 2027 Maturity 60:40 Index Fund Direct Growth Plan page

The largest holding is 7.83% Indian Railway Finance Corporation Limited**, at 6.53% of the portfolio. The next few positions remain in a fairly narrow band, with the tenth holding at 3.15%, so the weight does not fall away sharply after the first name. That suggests the visible book is spread across several similar-sized positions rather than dominated by one single security.

The disclosed holdings also show a mix of corporate debt, state government securities and cash equivalents. Because the top 10 account for 41.83% across 48 disclosed holdings, our view is that the portfolio may be reasonably diversified within its income style, even though a handful of positions are likely to have greater influence on short-term movement.

Source data date: as of 16 Sep 2026

Who should invest

This fund is better aligned with investors who are comfortable with low-risk debt exposure and want a steadier profile than an equity-led index fund. The return pattern shows modest but positive compounding over 1 and 3 years, while the benchmark comparison has been weaker in recent windows, which makes the fund more suitable for investors prioritising stability over high growth.

The main trade-off is that the portfolio can provide a calmer ride, but it is unlikely to match the upside of faster-moving equity peer funds. A medium-term horizon fits this setup better, because the portfolio is built around income-style holdings that tend to reward patience more than short-term switching. The fund may suit conservative allocators who can accept moderate returns in exchange for a lower-volatility pattern.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of this fund?
The current NAV is ₹13.1873 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 6.36% and its 3-year return is 7.41%. The 5-year return is Data not available.

How does the fund compare with its benchmark?
It has beaten the benchmark over 1 month, 3 months and 1 year, while the 3-year figure remains positive for both. The benchmark has been weaker in the recent windows used here.

How does it compare with the peer funds listed here?
Its recent return is below the faster-growing equity-themed peer funds in this comparison set, while its 3-year figure is also lower than the stronger peers with available 3-year data. The comparison set is still useful for context, but the return pattern is not the same across fund styles.

What is the fund’s minimum SIP?
The minimum SIP is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Vivek Sharma. There is no exit load.

Bottom line

This fund has shown a steadier recent run than its benchmark, and that is consistent with its low-risk profile and debt-heavy construction. Its 3-year return is positive but moderate, so the fund looks more like a stability-oriented index option than a high-growth engine. Against the peer set, the recent return is lower than the faster equity-themed funds, which underlines the different risk and return style. The mix of corporate debt, state government securities and cash equivalents supports that conservative setup.

Published on 17 September 2026 at 2:47 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.