UTI CRISIL SDL Maturity April 2033 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

UTI CRISIL SDL Maturity April 2033 Index Fund Direct Growth Plan had a NAV of ₹13.0288 as of 17 Sep 2026 and an AUM of ₹269 Cr. Its 1-year, 3-year and 5-year returns are 5.23%, 7.03% and 0%, and the fund sits in the Medium Risk category. Our view is that this is a relatively simple gilt-linked solution for conservative investors who want government-security exposure and can accept that returns may move unevenly over shorter periods.

The fund has been in market since 21 Dec 2022, carries a 0.16% expense ratio, and allows SIP starting at ₹500. The portfolio is built around state development loans and related government securities with a clearly visible maturity profile around April 2033, so the fund’s behaviour is shaped more by interest-rate movement than by equity-style growth. That makes it more suitable for patient, rate-aware investors than for those looking for strong near-term upside.

Quick facts

Particular	Details
NAV	₹13.0288 as of 17 Sep 2026
AUM	₹269 Cr
Expense Ratio	0.16%
Launch Date	21 Dec 2022
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Jaydeep Bhowal

The fund is managed by Jaydeep Bhowal.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.85%	-3.66%
3M	0.86%	-3.71%
1Y	5.23%	-7.13%
3Y	7.03%	5.82%
5Y	Data not available	Data not available

The recent pattern is better than the benchmark on every available short and medium horizon, especially over 1 year where the fund stayed positive while the benchmark was negative. That gap suggests the strategy has been steadier than the benchmark through a choppier period, even though the most recent month was still mildly negative for the fund.

Looking at the 3-year picture, the fund has compounded at 7.03%, which is above the benchmark’s 5.82%. That is not a dramatic lead, but it does show the fund has held its own over a longer holding period rather than depending only on a brief rebound. The 1-year figure is also stronger than the 3-year pace, so the recent run has been a little more supportive than the longer trend.

The short-horizon path has not been smooth. The one-month reading slipped, while the three-month and one-year figures stayed positive, which tells us returns can still wobble even when the broader trend is constructive. For investors, that means the fund may behave like a steady income-oriented instrument rather than a straight-line compounding story.

Over the full available history, the fund has shown gradual rather than explosive growth. That kind of profile is consistent with a security-backed index strategy: it can preserve a measured pace of return, but it is still exposed to rate moves and does not promise consistent month-to-month gains.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD UTI CRISIL SDL Maturity April 2033 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
UTI CRISIL SDL Maturity April 2033 Index Fund Direct Growth Plan	5.23%	7.03%	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 1-year numbers, this fund trails the faster-moving equity index funds in the table, but that is not surprising given its government-security focus. Its own 1-year return remains positive, which matters more for comparison with other income-oriented or rate-sensitive strategies than with high-growth equity peers.

The 3-year reading is stronger than the 3-year figure shown for one of the available peers in the list, but it is well below the equity-oriented comparables that have much higher recent gains. So the peer set tells two different stories: relative steadiness against a debt-style profile, but much lower upside than equity-linked index funds.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
07.78% Rajasthan SDL 29/03/2033	Government Securities	9.44%
7.77% Haryana SDL Mat – 29/03/2033	Government Securities	9.44%
7.70% Maharashtra SDL-08/03/2033	Government Securities	9.43%
7.48% Karnataka SGS Mat – 21/02/33	Government Securities	8.71%
7.67% Madhya PD SDL 01/02/2033	Government Securities	7.51%
07.64% Bihar SDL 21/12/2032	Government Securities	5.64%
07.68% Gujrat SDL 15/03/2033	Government Securities	5.46%
7.80% Ap SDL 31/03/2033	Government Securities	3.78%
07.65% Gujrat SDL 01/02/2033	Government Securities	3.76%
7.64% Madhya Pradesh SDL-08/02/2033	Government Securities	3.75%

The largest holding is 07.78% Rajasthan SDL 29/03/2033 at 9.44%, and the top ten positions fall from there to 3.75% at the tenth holding. That drop is meaningful, but not extreme, which suggests the portfolio is built around several similarly sized SDL positions rather than one very dominant line.

The top 10 holdings account for approximately 66.92% of the portfolio, so a large share of the scheme is visible in these positions while the rest is spread across additional holdings. With 24 disclosed holdings in total, the fund appears moderately concentrated at the top but still broad enough to avoid relying on only a few securities.

Because every holding shown here is a government security, the portfolio has a clearly sovereign-leaning character. That can support a more predictable credit profile, though the overall return pattern will still depend on interest-rate movement and the pricing of these long-dated SDLs.

To see all holdings, visit the UTI CRISIL SDL Maturity April 2033 Index Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with Medium Risk and want exposure to government-backed securities rather than equity-style growth. The 1-year return is positive, the 3-year return is also positive, and both sit above the benchmark figures shown here, but the monthly path has still been uneven.

We see it as more appropriate for a medium- to longer-horizon allocation where the investor can tolerate mark-to-market movement and accepts that returns are likely to be steadier than aggressive equity funds. The main trade-off is clear: you get a comparatively disciplined, security-heavy portfolio, but not the kind of upside that typically comes from equity market rallies.

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 UTI CRISIL SDL Maturity April 2033 Index Fund Direct Growth Plan?
The current NAV is ₹13.0288 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 5.23%, its 3-year return is 7.03%, and its 5-year return is Data not available.

How has the fund performed against the benchmark?
It has stayed ahead of the benchmark in the available 1-year, 3-month and 1-month periods, and it is also ahead on the 3-year figure.

How does it compare with the peer funds listed here?
Its recent return is much lower than the equity-oriented peers shown here, but that comparison also reflects a very different portfolio style. On the available 3-year figures, it remains below the faster-growing equity peers and ahead of some longer-duration peer entries where a 3-year figure is available.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what kind of exit load applies?
The fund is managed by Jaydeep Bhowal. There is no exit load.

Bottom line

The fund’s short-term behaviour is steadier than the benchmark on the figures available, and its 3-year return also stays positive, but the pace is modest rather than exciting. Against the peer list, it looks much more conservative than the equity index funds and is better read as a government-security strategy than a growth engine. The portfolio is concentrated in SDL-heavy holdings, which supports that conservative profile while leaving returns sensitive to rate changes.

Published on 18 September 2026 at 9:53 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.