Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Nifty AAA PSU Bond Plus SDL – Sep 2026 Maturity 50:50 Index Fund Direct Growth Plan has an NAV of ₹13.0923 as of 02 Sep 2026 and a scheme AUM of ₹341 Cr. Its 1-year, 3-year and 5-year returns are 6.05%, 7.19% and 0% respectively, and the fund sits in the Low Risk bucket.

Our view is that this is a conservatively positioned debt index fund with modest trailing returns and a short portfolio list that is dominated by cash-like exposure and one corporate debt holding. It may suit investors who want a relatively restrained profile and are comfortable with returns that have been steady rather than high.

Quick facts

Particular	Details
NAV	₹13.0923 as of 02 Sep 2026
AUM	₹341 Cr
Expense Ratio	0.2%
Launch Date	27 Oct 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 02 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.22%	-4.41%
3M	1.19%	-3.6%
1Y	6.05%	-7.76%
3Y	7.19%	5.74%
5Y	Data not available	Data not available

The recent pattern has been firmer for the fund than for the benchmark. Over 1 month, 3 months and 1 year, the fund stayed positive while the benchmark was negative in each of those periods, which points to a much steadier short-term path.

The longer view is still constructive, but not exceptional. The 3-year return of 7.19% is ahead of the benchmark’s 5.74%, so the fund has held up better over that horizon. That said, the last year has not shown a dramatic step-up in strength; it has simply remained more stable than the benchmark.

The return pattern also looks restrained rather than volatile. The series does not suggest sharp swings, and the progression across the available periods is gradual. For investors, that usually means the fund is behaving more like a measured debt allocation than a return-seeking satellite holding.

Because the 5-year figure is not available, we would avoid stretching the track record beyond what is visible here. On the available data, the fund has been ahead of the benchmark on a recent and medium-term basis, but the gap is not built on aggressive upside.

Source data date: as of 02 Sep 2026

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Peer comparison

Fund	1Y return	3Y return	5Y return
Nippon India Nifty AAA PSU Bond Plus SDL – Sep 2026 Maturity 50:50 Index Fund Direct Growth Plan	6.05%	7.19%	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.

Against the peer set here, the fund’s 1-year return is far lower than the equity-oriented peers shown, while its 3-year return also trails the stronger peer figures that are available. That does not make the comparison unfair; it simply reflects that this fund is designed for a very different risk profile and return pattern.

What matters more is that its short-term behaviour is steadier than the benchmark and consistent with a low-risk debt-oriented structure. The peer list also contains several funds with only one-year data available, so the longer-term comparison is thinner than the 1-year snapshot. On the figures we do have, this fund looks steadier, while the peer set looks much more return-seeking.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo	Cash & Cash Equivalents and Net Assets	96.8%
7.62% Export Import Bank of India**	Corporate Debt	2.49%
Cash Margin – Ccil	Cash & Cash Equivalents and Net Assets	0.53%

The portfolio is extremely concentrated in the disclosed holdings, with Triparty Repo alone at 96.8%. That means the fund’s day-to-day behaviour is likely to be shaped mainly by cash and cash-equivalent positioning, with the Exim Bank bond making only a small additional contribution.

The weight falls sharply from the first holding to the second, from 96.8% to 2.49%, and then tapers further to 0.53%. With only three disclosed holdings and a combined disclosed weight of 99.82%, the portfolio leaves very little room for diversification across a long tail of positions.

That structure may support the low-risk profile, but it also means the fund’s return profile is likely to be more dependent on the characteristics of a narrow set of instruments than on broad spread across many securities.

Source data date: as of 02 Sep 2026

Who should invest

This fund is better aligned with conservative investors who want low-risk exposure and can accept modest returns. The available record shows a steadier short-term pattern than the benchmark, and the 3-year figure has also held above the benchmark, which makes it easier to view as a stability-first allocation.

The main trade-off is simple: lower volatility and a restrained portfolio come with limited upside. The very concentrated holding mix and debt-heavy posture mean it may fit a shorter to medium investment horizon more naturally than an equity-style growth objective, especially for investors who value predictability over return ambition.

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 02 Sep 2026

Frequently asked questions

What is the current NAV of this fund?
The current NAV is ₹13.0923 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 6.05%, its 3-year return is 7.19%, and its 5-year return is Data not available.

How does the fund compare with its benchmark?
It has outperformed the benchmark over 1 month, 3 months, 1 year and 3 years. The benchmark figures are negative over the shorter periods shown, while the fund stays positive.

How does it compare with the peer funds listed here?
Its returns are much lower than the equity-oriented peer returns shown, but the comparison also reflects a very different risk profile. The fund is steadier, while the peers are positioned for much stronger upside.

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 Vivek Sharma. There is no exit load.

Bottom line

This fund’s recent performance is steadier than its benchmark, and its 3-year return also stays ahead of the benchmark. Against the peer set shown here, however, the return level is much more restrained, which fits its low-risk profile rather than a growth-heavy mandate. The portfolio is almost entirely concentrated in triparty repo and one small bond exposure, so investors should view it as a compact, defensive debt allocation rather than a broad diversification tool.

Published on 17 September 2026 at 5:54 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.