Axis CRISIL IBX SDL May 2027 Index Fund vs Nippon India Fixed Maturity Plan - XLIV - Series 1
Direct Plan, Growth option · Data as on 30-10-2026
Axis CRISIL IBX SDL May 2027 Index Fund is an Index fund and Nippon India Fixed Maturity Plan - XLIV - Series 1 is a mutual fund. In the 3 years to 30-10-2026, Axis CRISIL IBX SDL May 2027 Index Fund (Direct) returned 7.6% a year and Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) returned 7.7% a year. Axis CRISIL IBX SDL May 2027 Index Fund charges 0.15% a year and Nippon India Fixed Maturity Plan - XLIV - Series 1 0.17% (Direct plans). Their portfolios overlap 17.4%: they hold 4 of the same securities.
Axis CRISIL IBX SDL May 2027 Index Fund
Index
- 3 year return
- 7.6%
- Expense ratio
- 0.15%
- NAV
- ₹13.30
Nippon India Fixed Maturity Plan - XLIV - Series 1
- 3 year return
- 7.7%
- Expense ratio
- 0.17%
- NAV
- ₹13.47
Which is better, Axis CRISIL IBX SDL May 2027 Index or Nippon India Fixed Maturity Plan - XLIV - Series 1? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Fixed Maturity Plan - XLIV - Series 1 returned more over 3 years: 7.7% a year against 7.6%.
- Axis CRISIL IBX SDL May 2027 Index returned more over 1 year: 5.6% against 5.4%.
- Axis CRISIL IBX SDL May 2027 Index costs less: 0.15% a year against 0.17% (Direct plans).
- Nippon India Fixed Maturity Plan - XLIV - Series 1 swung less over 3 years: a standard deviation of 0.7% a year against 0.8%.
- Nippon India Fixed Maturity Plan - XLIV - Series 1 fell less in its worst fall since 23-09-2022: −0.6% against −0.6%.
- Axis CRISIL IBX SDL May 2027 Index is the larger fund: ₹1,710 Cr against ₹81 Cr.
- Their portfolios overlap 17.4%: 4 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis CRISIL IBX SDL May 2027 Index Fund | Nippon India Fixed Maturity Plan - XLIV - Series 1 |
|---|---|---|
| Fund house | Axis Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹1,710 Cr (30-09-2026) | ₹81 Cr (30-09-2026) |
| NAV | ₹13.30 (Direct) | ₹13.47 (Direct) |
| Expense ratio (Direct) | 0.15% | 0.17% |
| Expense ratio (Regular) | 0.28% | 0.37% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | CRISIL IBX SDL Index – May 2027 | Not available |
| Launch date | 23-02-2022 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Hardik Shah, Aditya Pagaria | Not available |
| Exit load | Nil | Not available |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis CRISIL IBX SDL May 2027 Index Fund (Direct) | +0.18% | +1.00% | +2.73% | +5.57% | +7.60% | -- | -- |
| Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) | +0.16% | +0.95% | +2.70% | +5.44% | +7.66% | -- | -- |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Year-wise Returns
| Year | Axis CRISIL IBX SDL May 2027 IndexAxis CRISIL IBX SDL May 2027 Index | Nippon India Fixed Maturity Plan - XLIV - Series 1Nippon India Fixed Maturity Plan - XLIV - Series 1 |
|---|---|---|
| 2026to date | +4.58% | +4.40% |
| 2025 | +7.98% | +8.13% |
| 2024 | +8.37% | +8.50% |
| 2023 | +7.14% | +7.46% |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 270 of them, one for each trading day from 23-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis CRISIL IBX SDL May 2027 Index Fund (Direct)
Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct)
to
Oct 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis CRISIL IBX SDL May 2027 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.6% | 7.3% | 8.3% |
| Nippon India Fixed Maturity Plan - XLIV - Series 1 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8% | 7.7% | 7.3% | 8.5% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 23-09-2022. Past returns do not promise future returns.
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis CRISIL IBX SDL May 2027 IndexAxis CRISIL IBX SDL May 2027 Index Fund (Direct) | ₹5,00,000 | ₹5,79,362 | ₹79,362 | 7.0% |
| Nippon India Fixed Maturity Plan - XLIV - Series 1Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) | ₹5,00,000 | ₹5,79,964 | ₹79,964 | 7.1% |
Axis CRISIL IBX SDL May 2027 IndexAxis CRISIL IBX SDL May 2027 Index Fund (Direct)
Nippon India Fixed Maturity Plan - XLIV - Series 1Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis CRISIL IBX SDL May 2027 Index Fund (Direct) | Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) |
|---|---|---|
| Return (CAGR) | +5.57% | +5.44% |
| Standard deviation | 0.63% | 0.58% |
| Sharpe ratio | 0.51 | 0.33 |
| Sortino ratio | 0.77 | 0.51 |
| Maximum drawdown | −0.2% (07-04-2026) | −0.1% (07-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis CRISIL IBX SDL May 2027 Index Fund (Direct) | Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) |
|---|---|---|
| Return (CAGR) | +7.60% | +7.66% |
| Standard deviation | 0.77% | 0.74% |
| Sharpe ratio | 2.03 | 2.20 |
| Sortino ratio | 3.44 | 3.80 |
| Maximum drawdown | −0.2% (07-04-2026) | −0.2% (12-08-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis CRISIL IBX SDL May 2027 Index Fund (Direct) | Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) |
|---|---|---|
| Return (CAGR) | +6.35% | +7.58% |
| Standard deviation | 1.49% | 1.01% |
| Sharpe ratio | 0.26 | 1.39 |
| Sortino ratio | 0.33 | 2.24 |
| Maximum drawdown | −3.6% (06-05-2022) | −0.6% (10-10-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-02-2022 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis CRISIL IBX SDL May 2027 Index Fund (Direct)
Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis CRISIL IBX SDL May 2027 Index Fund (Direct) | −0.6% | 04-10-2022 | 10-10-2022 | 18-10-2022 | 8 days | −0.0% |
| Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct) | −0.6% | 04-10-2022 | 10-10-2022 | 17-10-2022 | 7 days | −0.1% |
From daily values since 23-09-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis CRISIL IBX SDL May 2027 Index Fund (Direct)
Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis CRISIL IBX SDL May 2027 Index Fund (Direct)
Nippon India Fixed Maturity Plan - XLIV - Series 1 (Direct)
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Portfolio Overlap
From each fund's latest monthly portfolio: Axis CRISIL IBX SDL May 2027 Index Fund, September 2026; Nippon India Fixed Maturity Plan - XLIV - Series 1, September 2026
Holdings in common
- Overlap
- 17.4%
- Held by both
- 4
- Only in Axis CRISIL IBX SDL May 2027 Index
- 19
- Only in Nippon India Fixed Maturity Plan - XLIV - Series 1
- 12
| Security | % of Axis CRISIL IBX SDL May 2027 Index | % of Nippon India Fixed Maturity Plan - XLIV - Series 1 |
|---|---|---|
| 7.52% Gujarat State Development Loans (24/05/2027) | 15.92% | 55.89% |
| 7.51% Maharashtra State Development Loans (24/05/2027) | 24.46% | 0.99% |
| 7.77% Kerala State Development Loans (01/03/2027) | 0.29% | 1.97% |
| 7.87% Uttar Pradesh State Development Loans (15/03/2027) | 0.29% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.4% means 17.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis CRISIL IBX SDL May 2027 Index Fund
| Security | % of fund |
|---|---|
| 7.52% Tamilnadu State Development Loans (24/05/2027) | 11.38% |
| 7.53% Haryana State Development Loans (24/05/2027) | 8.72% |
| 7.92% West Bangal State Development Loans (15/03/2027) | 6.95% |
| 6.72% Kerala State Development Loans (24/03/2027) | 4.40% |
| 7.52% Uttar Pradesh State Development Loans (24/05/2027) | 3.71% |
Largest holdings only in Nippon India Fixed Maturity Plan - XLIV - Series 1
| Security | % of fund |
|---|---|
| 6.80% GOI (MD15/12/2060)-Strips (C)-(MD15/06/2027) | 11.90% |
| GOI STRIPS (MD 12/06/2027) | 11.28% |
| GOI STRIPS (MD 19/03/2027) | 2.78% |
| GOI Strips (MD 19/06/2027) | 2.57% |
| 7.23% State Government Securities | 2.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis CRISIL IBX SDL May 2027 Index | Nippon India Fixed Maturity Plan - XLIV - Series 1 |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.4% | 98.1% |
| Cash and others | 3.6% | 1.9% |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis CRISIL IBX SDL May 2027 Index Fund | Nippon India Fixed Maturity Plan - XLIV - Series 1 |
|---|---|---|
| Total expense ratio (Direct) | 0.15% | 0.17% |
| Base expense ratio (Direct) | 0.13% | 0.15% |
| Total expense ratio (Regular) | 0.28% | 0.37% |
| Base expense ratio (Regular) | 0.24% | 0.32% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Axis CRISIL IBX SDL May 2027 Index Fund vs Nippon India Fixed Maturity Plan - XLIV - Series 1: Frequently Asked Questions
What is the difference between Axis CRISIL IBX SDL May 2027 Index Fund and Nippon India Fixed Maturity Plan - XLIV - Series 1?
Axis CRISIL IBX SDL May 2027 Index Fund is an Index fund, Nippon India Fixed Maturity Plan - XLIV - Series 1 is a mutual fund, run by Axis Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 17.4%. Axis CRISIL IBX SDL May 2027 Index Fund charges 0.15% a year and Nippon India Fixed Maturity Plan - XLIV - Series 1 0.17%.
Which has given higher returns, Axis CRISIL IBX SDL May 2027 Index Fund or Nippon India Fixed Maturity Plan - XLIV - Series 1?
Over 1 year: Axis CRISIL IBX SDL May 2027 Index Fund +5.57%, Nippon India Fixed Maturity Plan - XLIV - Series 1 +5.44%. Over 3 years: Axis CRISIL IBX SDL May 2027 Index Fund +7.60% a year, Nippon India Fixed Maturity Plan - XLIV - Series 1 +7.66% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis CRISIL IBX SDL May 2027 Index Fund or Nippon India Fixed Maturity Plan - XLIV - Series 1?
Axis CRISIL IBX SDL May 2027 Index Fund charges less: 0.15% a year against 0.17%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis CRISIL IBX SDL May 2027 Index Fund and Nippon India Fixed Maturity Plan - XLIV - Series 1 overlap?
17.4%. They hold 4 of the same securities, the largest shared ones being 7.52% Gujarat State Development Loans (24/05/2027), 7.51% Maharashtra State Development Loans (24/05/2027), 7.77% Kerala State Development Loans (01/03/2027). From each fund's latest monthly portfolio.
Which is better for SIP, Axis CRISIL IBX SDL May 2027 Index Fund or Nippon India Fixed Maturity Plan - XLIV - Series 1?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,11,083 in Axis CRISIL IBX SDL May 2027 Index Fund (XIRR 6.8% a year) and ₹4,11,022 in Nippon India Fixed Maturity Plan - XLIV - Series 1 (XIRR 6.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis CRISIL IBX SDL May 2027 Index Fund and Nippon India Fixed Maturity Plan - XLIV - Series 1?
Yes. 17.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.