HealthyDirect · GrowthFit for a long SIP
Mirae Asset Nifty SDL Jun 2027 Index Fund
Mirae Asset Mutual FundIndex Funds - Debt Funds4.6 years
The scheme seeks to track the Nifty SDL Jun 2027 Index by investing in State Development Loans (SDL), maturing on or before June 15, 2027, subject to tracking errors.
- NAV
- 13.3221
- 29 Oct 2026
- 1Y
- +5.6%
- Trailing CAGR
- AUM
- ₹474.92 Cr
- 31 Aug 2026
- Volatility
- Low
- 1.5% 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 · Three-year return is above the category median.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Watch
4.6 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.24% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.6%. Ask whether you can hold through a similar fall.
Vs category
Watch
45% of rolling 3Y windows beat the category median, same plan and option.
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 ≈ 59.5% 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 4%. 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+5.6%
- 3Y+7.6%
- 5Yn/a
- 10Yn/a
- SI+6.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.4%
- 3Y+6.8%
- 5Yn/a
- 10Yn/a
- Since inception
- +6.4%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +45%
- Windows beating the median
- 3Y percentile
- 92
- Vs comparable share classes
- SIP 3Y XIRR
- +6.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.4%
- 384 daily-ending windows
- Median rolling 3Y
- +7.7%
- 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
- -3.6%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 2 days
- Days below latest peak
- Time below peak
- +46%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 145 recovered episodes
- Longest recovery
- 124 days
- Trough to prior peak
5 Apr 2022 – 7 Sept 2022
Trough 6 May 2022 · recovered in 124 days
-3.6%
13 Sept 2022 – 11 Nov 2022
Trough 26 Sept 2022 · recovered in 46 days
-1.7%
2 Feb 2023 – 13 Mar 2023
Trough 1 Mar 2023 · recovered in 12 days
-0.4%
26 Sept 2023 – 2 Nov 2023
Trough 10 Oct 2023 · recovered in 23 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
92
Vs category
53
Consistency
50
Risk-adjusted
44
Drawdown
91
Mean
66
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
- Three-year return is above the category median.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 27 holdings · top 10 are 59.5%.
- Top 5
- 32.9%
- Top 10
- 59.5%
- Largest holding
- 9.6%
- Effective holdings
- 19.4
STATE DEVELOPMENT LOAN 31713 HAR 15JU27 7.69 FV RS 100
Unspecified
9.6%
STATE DEVELOPMENT LOAN 30214 GUJ 31MR27 6.58 FV RS 100
Industrials
7.3%
STATE DEVELOPMENT LOAN 22964 RAJ 08AP27 8.31 FV RS 100
Unspecified
5.3%
STATE DEVELOPMENT LOAN 21678 TLG 29MY27 7.78 FV RS 100
Financial
5.3%
Assam State SDL 7.55 24/05/2027
Unspecified
5.3%
What changed
DECISION
Status moved from MONITOR to HEALTHY.
15 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund
Axis Mutual Fund
- 1Y
- +6.1%
- 3Y
- n/a
- Vol
- 0.8%
- Max DD
- -0.3%
- Sharpe
- 1.94
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
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
- 1.39
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
Mirae Asset Mutual Fund
- 1Y
- +5.9%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.2%
- Sharpe
- 0.23
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Mirae Asset Nifty SDL June 2028 Index Fund
Mirae Asset Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.6%
- Vol
- 1.3%
- Max DD
- -0.9%
- Sharpe
- 1.08
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
UTI CRISIL SDL Maturity June 2027 Index Fund
UTI Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.6%
- Vol
- 0.9%
- Max DD
- -0.4%
- Sharpe
- 1.56
- 3Y win
- +55%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns