HealthyDirect · GrowthFit for a long SIP
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Axis Mutual FundIndex Funds - Debt Funds1.1 years
The Scheme seeks to provide returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Financial Services 3-6 Months Debt Index before expenses, subject to tracking errors/tracking difference.
- NAV
- 10.7206
- 29 Oct 2026
- 1Y
- +6.5%
- Trailing CAGR
- AUM
- ₹218.37 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Fail
1.1 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.12% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.1%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Aditya Pagaria · 1.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 87.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 0%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+6.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +6.6%
- Calendar-day CAGR
- Excess 1Y
- +1.5%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.1%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +15%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 17 recovered episodes
- Longest recovery
- 7 days
- Trough to prior peak
14 Oct 2026 – 29 Oct 2026
Trough 22 Oct 2026 · recovered in 7 days
-0.1%
6 Jul 2026 – 13 Jul 2026
Trough 8 Jul 2026 · recovered in 5 days
-0.1%
11 Mar 2026 – 16 Mar 2026
Trough 13 Mar 2026 · recovered in 3 days
-0.0%
6 Jan 2026 – 12 Jan 2026
Trough 8 Jan 2026 · recovered in 4 days
-0.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
37
Vs category
59
Consistency
100
Risk-adjusted
95
Drawdown
100
Mean
78
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 17 holdings · top 10 are 87.8%.
- Top 5
- 56.6%
- Top 10
- 87.8%
- Largest holding
- 11.5%
- Effective holdings
- 10.6
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC
Financial
11.5%
LIC HOUSING FINANCE LTD TR 453 7.73 NCD 18MR27 FVRS1LAC
Financial
11.5%
BAJAJ HOUSING FINANCE LIMITED 7.14 NCD 26FB27 FVRS1LAC
Financial
11.4%
Small Industries Dev Bank of India (18/02/2027) **
Financial
11.2%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED 220D CP 25FEB27
Financial
11.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund
Axis Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.4%
- Vol
- 0.9%
- Max DD
- -0.4%
- Sharpe
- 1.64
- 3Y win
- +20%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis CRISIL IBX SDL May 2027 Index Fund
Axis Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.6%
- Vol
- 1.5%
- Max DD
- -3.6%
- Sharpe
- 0.30
- 3Y win
- +38%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis Nifty SDL September 2026 Debt Index Fund
Axis Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.2%
- Vol
- 0.8%
- Max DD
- -0.3%
- Sharpe
- 1.61
- 3Y win
- +8%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Baroda BNP Paribas NIFTY SDL December 2028 Index Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +4.1%
- 3Y
- +7.4%
- Vol
- 1.6%
- Max DD
- -1.2%
- Sharpe
- 0.88
- 3Y win
- +68%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund
HSBC Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.4%
- Vol
- 1.5%
- Max DD
- -2.4%
- Sharpe
- 0.46
- 3Y win
- +71%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER