HealthyDirect · GrowthFit for a long SIP
UTI NIFTY SDL Plus AAA PSU Bond Apr 2028- 75:25 Index Fund
UTI Mutual FundIndex Funds - Debt Funds3.6 years
The scheme seeks to track the Nifty SDL Plus AAA PSU Bond Apr 2028 75:25 Index by investing in AAA rated PSU Bonds and SDLs, maturing on or before April 2028, subject to tracking errors.
- NAV
- 12.9664
- 27 Oct 2026
- 1Y
- +4.6%
- Trailing CAGR
- AUM
- ₹32.54 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 27 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 69% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
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
0.26% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
69% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Jaydeep Bhowal · 1.0 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 ≈ 94.0% 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+4.6%
- 3Y+7.4%
- 5Yn/a
- 10Yn/a
- SI+7.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.4%
- 3Y+6.4%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.4%
- Calendar-day CAGR
- Excess 1Y
- -0.5%
- Category median, same plan and option
- 3Y win rate
- +69%
- Windows beating the median
- 3Y percentile
- 46
- Vs comparable share classes
- SIP 3Y XIRR
- +6.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.0%
- 155 daily-ending windows
- Median rolling 3Y
- +7.5%
- 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
- -0.7%
- Worst peak-to-trough
- Current
- -0.3%
- Below last peak
- Current spell
- 14 days
- Days below latest peak
- Time below peak
- +49%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 129 recovered episodes
- Longest recovery
- 27 days
- Trough to prior peak
10 Mar 2026 – 16 Apr 2026
Trough 2 Apr 2026 · recovered in 14 days
-0.7%
4 Aug 2025 – 17 Sept 2025
Trough 29 Aug 2025 · recovered in 19 days
-0.6%
7 May 2026 – 4 Jun 2026
Trough 21 May 2026 · recovered in 14 days
-0.5%
26 Sept 2023 – 6 Nov 2023
Trough 10 Oct 2023 · recovered in 27 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
46
Vs category
47
Consistency
66
Risk-adjusted
88
Drawdown
98
Mean
69
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 69% of rolling 3-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 94.0%.
- Top 5
- 76.1%
- Top 10
- 94.0%
- Largest holding
- 28.1%
- Effective holdings
- 6.4
STATE DEVELOPMENT LOAN 20342 UP 11AP28 7.98 FV RS 100
Unspecified
28.1%
STATE DEVELOPMENT LOAN 20359 TN 18AP28 8.05 FV RS 100
Unspecified
19.5%
STATE DEVELOPMENT LOAN 20302 WB 27MR28 8.09 FV RS 100
Unspecified
15.6%
RURAL ELECTRIFICATION CORPORATION LIMITED SR I 8.01 BD 24MR28 FVRS10LAC
Financial
6.5%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23I 7.62 LOA 31JN28 FVRS1LAC
Financial
6.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
DECISION
Status moved from HEALTHY to MONITOR.
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
- +6.0%
- 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
- +6.6%
- 3Y
- n/a
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.45
- 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
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
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · 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
- 1.82
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns