Nippon India Nifty SDL Plus G-Sec-Jun 2028 Maturity 70:30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Nifty SDL Plus G-Sec-Jun 2028 Maturity 70:30 Index Fund Direct Growth Plan is priced at ₹13.1666 as of 17 Sep 2026 and manages ₹332 Cr. Its 1-year, 3-year and 5-year returns are 5.78%, 7.45% and 0%, and it carries a Balanced Risk label. Our view is that the fund suits investors who want a relatively steady gilt-oriented index strategy, but its 1-year return has been modest and the 5-year track record is not yet established in the usual sense.

Because the portfolio is built around government securities and state development loans, the return pattern is likely to stay more rate-sensitive than equity-like. The current numbers point to a fund that has delivered positive medium-term compounding, while the benchmark path has been weaker over the same periods.

Quick facts

Particular	Details
NAV	₹13.1666 as of 17 Sep 2026
AUM	₹332 Cr
Expense Ratio	0.2%
Launch Date	24 Nov 2022
Min SIP	₹100
Risk Category	Balanced 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 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.18%	-3.66%
3M	1.29%	-3.71%
1Y	5.78%	-7.13%
3Y	7.45%	5.82%
5Y	Data not available	Data not available

The recent pattern is better than the benchmark across every available time frame. Over 1 month and 3 months, the fund held a small positive return while the benchmark was negative, which suggests relative resilience during a weak period for the index. That shorter-term outperformance is meaningful, but it should not be read as a guarantee of smooth future returns.

The 1-year number is the cleanest evidence of how the strategy has behaved through a longer market cycle: the fund has stayed in positive territory while the benchmark has been below zero. That gap suggests the portfolio design has offered a cushioning effect in a difficult backdrop for the reference index. The 3-year return remains positive as well, which tells us the fund has been able to compound through a stretch that has not been uniformly strong for rates or bond markets.

The 5-year figure is shown as unavailable because the scheme has not been running long enough for a meaningful five-year trailing return. For investors, the key point is that the fund’s recent and medium-term path is steadier than the benchmark’s, but the return profile is still shaped by interest-rate movements rather than equity-style growth.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Nippon India Nifty SDL Plus G-Sec-Jun 2028 Maturity 70:30 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 SDL Plus G-Sec-Jun 2028 Maturity 70:30 Index Fund Direct Growth Plan	5.78%	7.45%	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.

On available return data, the fund trails the faster-growing peer set in 1-year performance, especially the equity-oriented index funds in the table. Even so, its own 3-year return is positive, while one peer with a 3-year figure has a much stronger gain. That means the short-term comparison looks weaker than the longer-term relative backdrop.

The more relevant comparison for this fund is that it behaves differently from the high-growth peer names: the returns are steadier and lower, which is consistent with a government-securities-heavy strategy. For investors who want stability over headline growth, that difference matters more than chasing the highest recent number.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.17% Government of India	Government Securities	15.55%
6.99% State Government Securities	Government Securities	10.64%
7.77% State Government Securities	Government Securities	10.64%
8.44% State Government Securities	Government Securities	9.22%
8.6% Government of India	Government Securities	6.81%
8.05% State Government Securities	Government Securities	6.45%
8.26% Government of India	Government Securities	4.81%
8.16% State Government Securities	Government Securities	3.74%
7.7% State Government Securities	Government Securities	3.04%
6.89% State Government Securities	Government Securities	3.01%

The top 10 holdings account for approximately 73.91% of the portfolio.

To see all holdings, visit the Nippon India Nifty SDL Plus G-Sec-Jun 2028 Maturity 70:30 Index Fund Direct Growth Plan page

With the largest holding at 15.55%, the fund may be influenced most by the 7.17% Government of India security at the top of the list. The next several positions are also government securities, so the exposure is not spread across unrelated themes; it is concentrated within the same broad fixed-income bucket.

The drop from the largest holding to the tenth is noticeable, but not abrupt, because weights move from the mid-teens into the low single digits rather than falling to negligible levels. That pattern suggests the portfolio could be shaped by a handful of meaningful positions while still retaining a long tail of smaller holdings beyond the top 10.

Since the disclosed top 10 already account for 73.91% of the portfolio and the scheme has 26 disclosed holdings in total, a fairly large share of assets is concentrated in the leading positions. That concentration may increase the influence of a few securities on the fund’s behaviour, even though the overall mix remains within government-backed instruments.

Source data date: as of 17 Sep 2026

Who should invest

This fund is more suitable for investors who are comfortable with a balanced risk profile and want exposure to a government-securities-heavy index strategy rather than an equity-led growth product. The return pattern points to moderate but uneven compounding, so the investment horizon should be long enough to ride through interest-rate swings and avoid judging the fund on a few weak or strong months.

The main trade-off is straightforward: the portfolio may offer steadier behaviour than many growth-oriented peer funds, but that comes with lower upside in strong market phases. Investors who value a defined fixed-income style, broad government-backed holdings and a relatively low expense ratio may find that trade-off acceptable.

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 Nippon India Nifty SDL Plus G-Sec-Jun 2028 Maturity 70:30 Index Fund Direct Growth Plan?

The current NAV is ₹13.1666 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 5.78% and its 3-year return is 7.45%, both as of 17 Sep 2026. The 5-year return is not available.

How does the fund compare with the benchmark?

It has outperformed the benchmark across the available 1-month, 3-month, 1-year and 3-year periods. The benchmark figures are weaker over the shorter windows and remain below the fund’s return in each matched period.

Which peer funds are ahead on 1-year return?

ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan, Tata Nifty Capital Markets Index Fund Direct Growth Plan, Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan, Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan all show higher 1-year returns than this fund. Their available return figures range from 17.57% to 29.31%.

Is there a minimum SIP amount?

Yes. The minimum SIP amount is ₹100.

What makes the portfolio notable?

The portfolio is concentrated in government securities and state government securities, with the top 10 holdings accounting for 73.91% of assets. The fund is managed by Vivek Sharma and has no exit load.

Bottom line

This fund’s recent performance has been steadier than the benchmark, and the medium-term return profile is still positive even though the 5-year figure is not available. Compared with the peer set on available figures, it sits in a more conservative return band, which fits its government-securities-heavy structure. The risk label is Balanced Risk, and the portfolio is concentrated enough in the top holdings that a few securities are likely to matter more than the long tail. It is better suited to investors who want a fixed-income style index approach than those chasing the highest peer returns.

Published on 18 September 2026 at 8:25 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.