HealthyDirect · GrowthFit for a long SIP
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
Mirae Asset Mutual FundIndex Funds - Debt Funds1.3 years
The scheme seeks to track the CRISIL-IBX Financial Services 9-12 Months Debt Index by investing in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 9-12 months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error
- NAV
- 10.8137
- 28 Oct 2026
- 1Y
- +5.8%
- Trailing CAGR
- AUM
- ₹130.02 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 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 · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Fail
1.3 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.11% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.2%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Pranavi Kulkarni · 0.7 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 ≈ 97.3% 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+5.8%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+6.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.9%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +6.0%
- Calendar-day CAGR
- Excess 1Y
- +0.8%
- 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
- -0.2%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 14 days
- Days below latest peak
- Time below peak
- +26%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 21 recovered episodes
- Longest recovery
- 10 days
- Trough to prior peak
11 May 2026 – 1 Jun 2026
Trough 22 May 2026 · recovered in 10 days
-0.2%
14 Oct 2026 – open
Trough 23 Oct 2026 · not recovered
-0.1%
23 Sept 2026 – 5 Oct 2026
Trough 25 Sept 2026 · recovered in 10 days
-0.1%
18 Mar 2026 – 30 Mar 2026
Trough 24 Mar 2026 · recovered in 6 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
35
Vs category
55
Consistency
100
Risk-adjusted
35
Drawdown
100
Mean
65
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.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 14 holdings · top 10 are 97.3%.
- Top 5
- 76.8%
- Top 10
- 97.3%
- Largest holding
- 15.4%
- Effective holdings
- 7.6
LIC HOUSING FINANCE LTD TR 442 7.9265 NCD 14JL27 FVRS1LAC
Financial
15.4%
BAJAJ HOUSING FINANCE LIMITED 8.10 NCD 08JL27 FVRS1LAC
Financial
15.4%
7.90% M&M FINANCIAL SERVICES LTD 30 AUG 2027
Financial
15.4%
KOTAK MAHINDRA PRIME LIMITED 7.79 NCD 19JL27 FVRS10LAC
Financial
15.3%
TATA CAPITAL HOUSING FINANCE LIMITED SR B 7.123 NCD 21JL27 FVRS1LAC
Financial
15.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Axis Mutual Fund
- 1Y
- +6.5%
- 3Y
- n/a
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.40
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
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 CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund
Axis Mutual Fund
- 1Y
- +6.1%
- 3Y
- n/a
- Vol
- 0.8%
- Max DD
- -0.4%
- Sharpe
- 1.65
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund
Axis Mutual Fund
- 1Y
- +6.0%
- 3Y
- n/a
- Vol
- 0.8%
- Max DD
- -0.3%
- Sharpe
- 1.93
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER