HealthyDirect · GrowthFit for a long SIP
Mirae Asset Nifty SDL June 2028 Index Fund
Mirae Asset Mutual FundIndex Funds - Debt Funds3.6 years
The scheme seeks to track the Nifty SDL June 2028 Index by investing in State Development Loans (SDL), maturing on or before June 30, 2028, subject to tracking errors.
- NAV
- 12.8712
- 26 Oct 2026
- 1Y
- +4.7%
- Trailing CAGR
- AUM
- ₹80.15 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 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 99% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
3.6 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
0.19% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.9%. Ask whether you can hold through a similar fall.
Vs category
Pass
99% 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 ≈ 85.4% 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 1%. 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+4.7%
- 3Y+7.6%
- 5Yn/a
- 10Yn/a
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.4%
- 3Y+6.5%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- -0.4%
- Category median, same plan and option
- 3Y win rate
- +99%
- Windows beating the median
- 3Y percentile
- 77
- Vs comparable share classes
- SIP 3Y XIRR
- +6.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.1%
- 138 daily-ending windows
- Median rolling 3Y
- +7.6%
- 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
- -0.9%
- Worst peak-to-trough
- Current
- -0.3%
- Below last peak
- Current spell
- 13 days
- Days below latest peak
- Time below peak
- +54%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 128 recovered episodes
- Longest recovery
- 35 days
- Trough to prior peak
4 Aug 2025 – 23 Sept 2025
Trough 29 Aug 2025 · recovered in 25 days
-0.9%
10 Mar 2026 – 7 May 2026
Trough 2 Apr 2026 · recovered in 35 days
-0.9%
26 Sept 2023 – 8 Nov 2023
Trough 10 Oct 2023 · recovered in 29 days
-0.5%
24 Jul 2023 – 25 Aug 2023
Trough 3 Aug 2023 · recovered in 22 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
77
Vs category
47
Consistency
90
Risk-adjusted
87
Drawdown
98
Mean
80
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 99% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 18 holdings · top 10 are 85.4%.
- Top 5
- 55.6%
- Top 10
- 85.4%
- Largest holding
- 12.8%
- Effective holdings
- 11.6
8.45% Uttarpradesh Sdl 2028
Unspecified
12.8%
STATE DEVELOPMENT LOAN 20452 TN 23MY28 8.32 FV RS 100
Unspecified
12.7%
STATE DEVELOPMENT LOAN 33055 GUJ 14JU28 7.22 FV RS 100
Industrials
12.5%
STATE DEVELOPMENT LOAN 22764 MH 26FB28 6.98 FV RS 100
Unspecified
9.4%
STATE DEVELOPMENT LOAN 20184 KER 21FB28 8.27 FV RS 100
Unspecified
8.2%
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
- +6.0%
- 3Y
- n/a
- Vol
- 0.8%
- Max DD
- -0.3%
- Sharpe
- 2.21
- 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
- +6.6%
- 3Y
- n/a
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.92
- 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
- +5.8%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.2%
- Sharpe
- 0.57
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund
Axis Mutual Fund
- 1Y
- +6.3%
- 3Y
- n/a
- Vol
- 0.8%
- Max DD
- -0.3%
- Sharpe
- 2.09
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · 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
- 1.81
- 3Y win
- +54%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER