Top Target Maturity Mutual Funds (2026)

Ranked by expense ratio, lowest first, Direct plans, as on the latest NAV · AUM as on 30-09-2026

There are 77 Target Maturity mutual funds. Their average 3 year return is 7.3% a year, and +4.4% over the last year. The lowest expense ratio: Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund, 0.09% a year. The highest 3 year returns: Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund 7.6%, Axis CRISIL IBX SDL May 2027 Index Fund 7.6%, UTI CRISIL SDL Maturity June 2027 Index Fund 7.6%.

Total AUM: ₹66,654 Cr; As on 30-09-2026
Funds: 77; From 17 fund houses
Expense ratio: 0.09% to 0.52%; Direct plans, lowest to highest
Average 3Y return: 7.3%; A year, Direct plans

All Target Maturity Funds

Ranked by expense ratio, lowest first

									Exit load
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund	1	382	+2.93%	+7.06%	--	--	Moderate	0.09%	None	2.22%
Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund	2	144	+5.32%	+7.61%	--	--	Low to Moderate	0.09%	None	0.91%
Kotak CRISIL- IBX AAA Bond Financial Services Index - Dec 2026 Fund	3	90	+6.53%	--	--	--	Low to Moderate	0.10%	None	--
Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund	4	82	+6.08%	--	--	--	Low to Moderate	0.13%	0.1% within 30 days	--
Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index-Sep 2027 Fund	5	11	+5.77%	--	--	--	Low to Moderate	0.14%	None	--
Kotak Nifty G-Sec July 2033 Index Fund	6	21	+2.42%	+7.04%	--	--	Moderate	0.14%	None	2.27%
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund	7	286	+4.97%	--	--	--	Low to Moderate	0.14%	None	--
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund	8	2,931	+5.98%	+7.49%	--	--	--	0.15%	--	0.56%
Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund	9	2,398	+6.04%	--	--	--	Low to Moderate	0.15%	None	--
Axis CRISIL IBX SDL May 2027 Index Fund	10	1,710	+5.57%	+7.60%	--	--	Low to Moderate	0.15%	None	0.77%
DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund	11	269	+2.39%	+7.00%	--	--	Moderate	0.15%	None	1.98%
HSBC CRISIL IBX Gilt June 2027 Index Fund	12	181	+5.05%	+7.32%	--	--	Low to Moderate	0.15%	None	0.80%
Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund	13	118	+6.61%	--	--	--	--	0.15%	--	--
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund	14	86	+5.28%	--	--	--	--	0.15%	--	--
Invesco India Nifty G-sec Jul 2027 Index Fund	15	81	+5.07%	+7.34%	--	--	Low to Moderate	0.15%	0.25% within 30 days	0.80%
Invesco India Nifty G-sec Sep 2032 Index Fund	16	51	+2.30%	+7.18%	--	--	Moderate	0.15%	0.25% within 30 days	2.22%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund	17	36	+5.11%	+7.42%	--	--	Low to Moderate	0.15%	None	0.76%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund	18	1,642	+4.62%	+7.42%	--	--	Low to Moderate	0.16%	None	0.92%
HDFC Nifty G-Sec July 2031 Index Fund	19	623	+2.45%	+7.22%	--	--	Moderate	0.16%	None	2.21%
Edelweiss CRISIL IBX AAA Financial Services Bond - Jan 2028 Index Fund	20	103	+5.37%	--	--	--	Low to Moderate	0.16%	0.1% within 30 days	--
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund	21	86	+5.09%	+7.45%	--	--	Low to Moderate	0.16%	None	0.79%
Tata NIFTY G Sec Dec 2026 Index Fund	22	71	+5.64%	+7.26%	--	--	Low	0.16%	None	0.62%
UTI CRISIL SDL Maturity April 2033 Index Fund	23	266	+2.49%	+6.81%	--	--	Moderate	0.17%	None	2.31%
ICICI Prudential Nifty SDL Sep 2027 Index Fund	24	1,429	+5.24%	+7.57%	--	--	--	0.18%	None	0.92%
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund	25	882	+1.85%	+6.75%	--	--	Moderate	0.18%	0.1% within 30 days	2.59%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	26	206	+1.99%	+7.04%	--	--	Moderate	0.18%	None	2.26%
Aditya Birla Sun Life Nifty SDL SEP 2027 Index Fund	27	43	+5.16%	+7.54%	--	--	Low to Moderate	0.18%	None	0.82%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	28	1,748	+4.62%	+7.41%	--	--	Low to Moderate	0.19%	None	0.97%
ICICI Prudential Nifty SDL Dec 2028 Index Fund	29	899	+4.03%	+7.40%	--	--	--	0.19%	None	1.53%
HDFC Nifty G-Sec Sep 2032 Index Fund	30	614	+2.13%	+7.13%	--	--	Moderate	0.19%	None	2.37%
Aditya Birla Sun Life Crisil IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	31	402	+4.51%	+7.43%	--	--	Low to Moderate	0.19%	None	0.97%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund	32	337	+4.55%	+7.42%	--	--	Low to Moderate	0.19%	None	1.04%
Tata NIFTY G Sec Dec 2029 Index Fund	33	131	+3.41%	+7.40%	--	--	Low to Moderate	0.19%	None	1.48%
Mirae Asset Nifty SDL June 2028 Index Fund	34	80	+4.67%	+7.54%	--	--	Low to Moderate	0.19%	None	1.26%
ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund	35	7,771	+5.21%	+7.48%	+6.12%	--	Low to Moderate	0.20%	None	0.78%
Bandhan CRISIL IBX Gilt June 2027 Index Fund	36	5,182	+5.07%	+7.32%	+6.02%	--	Low to Moderate	0.20%	None	0.77%
Bandhan CRISIL IBX Gilt April 2028 Index Fund	37	3,367	+4.63%	+7.36%	+6.08%	--	Low to Moderate	0.20%	None	0.96%
HDFC Nifty G-Sec Dec 2026 Index Fund	38	920	+5.57%	+7.21%	--	--	Low	0.20%	None	0.61%
HDFC Nifty G-Sec Jun 2036 Index Fund	39	839	+2.30%	+7.17%	--	--	Moderate	0.20%	None	3.10%
ICICI Prudential Nifty G-Sec Dec 2030 Index Fund	40	803	+2.99%	+7.30%	--	--	--	0.20%	None	1.95%
Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund	41	689	+2.19%	+7.16%	--	--	--	0.20%	--	3.00%
HDFC Nifty G-Sec Jun 2027 Index Fund	42	568	+4.99%	+7.31%	--	--	Low to Moderate	0.20%	None	0.81%
Bandhan CRISIL IBX GILT APRIL 2032 INDEX FUND	43	408	+2.53%	+7.24%	--	--	Moderate	0.20%	None	2.20%
Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund	44	353	+4.95%	+7.31%	--	--	--	0.20%	--	0.84%
Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund	45	333	+4.66%	+7.47%	--	--	--	0.20%	--	1.01%
Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund	46	320	+3.91%	+7.41%	--	--	--	0.20%	--	1.40%
HDFC Nifty SDL Oct 2026 Index Fund	47	177	+5.59%	+7.27%	--	--	Low	0.20%	None	0.56%
Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund	48	126	+4.21%	+7.39%	--	--	--	0.20%	--	1.20%
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund	49	104	+4.41%	+7.47%	--	--	Low to Moderate	0.20%	0.1% within 30 days	1.04%
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund	50	94	+5.28%	+7.42%	--	--	Low to Moderate	0.20%	0.1% within 30 days	0.69%
UTI CRISIL SDL Maturity June 2027 Index Fund	51	64	+5.57%	+7.58%	--	--	Low to Moderate	0.20%	None	0.76%
SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund	52	39	--	--	--	--	--	0.20%	--	--
Aditya Birla Sun Life Crisil IBX Gilt April 2033 Index Fund	53	26	+2.64%	--	--	--	Moderate	0.20%	None	--
SBI Nifty G-Sec Jul 2031 Index Fund	54	20	--	--	--	--	--	0.20%	--	--
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund	55	2,885	+2.84%	+6.95%	--	--	Moderate	0.20%	None	2.48%
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund	56	6,137	+5.72%	+7.58%	--	--	Low to Moderate	0.20%	0.15% within 30 days	0.72%
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund	57	606	+5.64%	--	--	--	Low to Moderate	0.20%	0.25% within 30 days	--
Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund	58	3,185	+5.62%	+7.45%	--	--	Low	0.21%	None	0.58%
SBI CRISIL IBX Gilt Index - April 2029 Fund	59	1,990	+3.53%	+7.38%	--	--	--	0.21%	--	1.52%
Aditya Birla Sun Life Crisil IBX 60:40 SDL+AAA PSU-APR 2027 Index Fund	60	1,307	+5.82%	+7.44%	--	--	Low	0.21%	None	0.55%
HDFC NIFTY G-Sec Apr 2029 Index Fund	61	153	+3.55%	+7.41%	--	--	Low to Moderate	0.21%	None	1.45%
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund	62	49	+5.27%	+7.42%	--	--	Low to Moderate	0.21%	None	0.69%
SBI CRISIL - IBX SDL Index - June 2034 Index Fund	63	35	--	--	--	--	--	0.21%	--	--
Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60 - 40 Index Fund	64	503	+4.56%	+7.37%	--	--	Low to Moderate	0.21%	None	1.05%
Kotak Nifty SDL Jul 2033 Index Fund	65	177	+2.44%	+6.72%	--	--	Moderate	0.21%	None	2.43%
Aditya Birla Sun Life Crisil IBX Gilt -Apr 2029 Index Fund	66	602	+3.56%	+7.42%	--	--	Low to Moderate	0.22%	None	1.50%
Aditya Birla Sun Life Crisil IBX SDL Jun 2032 Index Fund	67	144	+2.71%	+6.97%	--	--	Moderate	0.22%	None	2.24%
Baroda BNP Paribas NIFTY SDL December 2028 Index Fund	68	100	+4.02%	+7.36%	--	--	--	0.23%	--	1.56%
Tata NIFTY SDL Plus AAA PSU Bond Dec 2027 60 40 Index Fund	69	645	+4.82%	+7.40%	--	--	Low to Moderate	0.24%	None	0.88%
Mirae Asset Nifty SDL Jun 2027 Index Fund	70	472	+5.51%	+7.58%	--	--	Low to Moderate	0.24%	None	0.78%
SBI CRISIL IBX SDL Index - September 2027 Fund	71	2,216	+5.18%	+7.53%	--	--	--	0.25%	--	0.92%
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund	72	2,084	+5.71%	+7.49%	+6.21%	--	Low to Moderate	0.25%	0.15% within 30 days	0.64%
UTI NIFTY SDL Plus AAA PSU Bond Apr 2028- 75:25 Index Fund	73	33	+4.65%	+7.42%	--	--	Low to Moderate	0.26%	--	1.09%
SBI CRISIL IBX Gilt Index - June 2036 Fund	74	2,638	+2.34%	+7.11%	--	--	Moderate	0.28%	0.15% within 30 days	3.10%
Aditya Birla Sun Life Crisil IBX Gilt June 2027 Index Fund	75	13	+4.85%	--	--	--	Low to Moderate	0.32%	None	--
PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund	76	21	+4.27%	+7.14%	--	--	Low to Moderate	0.46%	None	0.94%
Aditya Birla Sun Life CRISIL IBX Gilt Apr 2028 Index Fund	77	21	+4.30%	+7.00%	--	--	Low to Moderate	0.52%	None	0.96%

Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. Ranked by expense ratio: funds that copy one index or hold one metal differ mainly in cost. A fund with no expense ratio on file has no rank.

Compare Target Maturity Funds

The largest funds of the category, side by side

Compare the 4 largest side by side

How Target Maturity Funds Are Taxed

As debt funds: 65% or more of each fund is in bonds and money market papers

When you sell	Tax on the gain
Units bought on or after 01-04-2023	Your slab rate, however long you hold them
Units bought before 01-04-2023, within 2 years	Your slab rate
Units bought before 01-04-2023, after 2 years	12.5% of the gain

IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

What Is a Target Maturity Fund?

Debt index funds that hold government, state or PSU bonds maturing near one date and pay out on it. Held to that date, the return is close to the yield at purchase.

Other other categories: Gold · Silver · International · Retirement · Children's

Target Maturity Funds: Frequently Asked Questions

Which are the top Target Maturity mutual funds?

Funds that follow the same index or hold the same metal earn nearly the same return, so the lowest cost matters most. By expense ratio: 1. Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (0.09%), 2. Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund (0.09%), 3. Kotak CRISIL- IBX AAA Bond Financial Services Index - Dec 2026 Fund (0.10%), 4. Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund (0.13%), 5. Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index-Sep 2027 Fund (0.14%).

How many Target Maturity funds are there?

77 Target Maturity funds are open for investment, from 17 fund houses.

What is a Target Maturity fund?

Debt index funds that hold government, state or PSU bonds maturing near one date and pay out on it. Held to that date, the return is close to the yield at purchase.

What is the average return of Target Maturity funds?

1 year: 4.4%, 3 years: 7.3% a year, 5 years: 6.1% a year. The simple average of every Target Maturity fund's Direct plan.

Which Target Maturity fund has the lowest expense ratio?

Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund, at 0.09% a year (Direct plan), as reported to AMFI.

Which is the largest Target Maturity fund?

ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund, with ₹7,771 Cr of investors' money on 30-09-2026.

How are Target Maturity funds taxed?

As debt funds: for units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold them.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.