Axis CRISIL IBX SDL May 2027 Index Fund vs Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund
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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) returned 7.5% a year. Axis CRISIL IBX SDL May 2027 Index Fund charges 0.15% a year and Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund 0.15% (Direct plans). Their portfolios overlap 10.0%: they hold 11 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund
- 3 year return
- 7.5%
- Expense ratio
- 0.15%
- NAV
- ₹13.26
Which is better, Axis CRISIL IBX SDL May 2027 Index or Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis CRISIL IBX SDL May 2027 Index returned more over 3 years: 7.6% a year against 7.5%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index returned more over 1 year: 6.0% against 5.6%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index swung less over 3 years: a standard deviation of 0.6% a year against 0.8%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index fell less in its worst fall since 29-03-2022: −3.3% against −3.6%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index is the larger fund: ₹2,931 Cr against ₹1,710 Cr.
- Their portfolios overlap 10.0%: 11 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹1,710 Cr (30-09-2026) | ₹2,931 Cr (30-09-2026) |
| NAV | ₹13.30 (Direct) | ₹13.26 (Direct) |
| Expense ratio (Direct) | 0.15% | 0.15% |
| Expense ratio (Regular) | 0.28% | 0.32% |
| 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | +0.34% | +1.38% | +3.06% | +5.98% | +7.49% | -- | -- |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: Year-wise Returns
| Year | Axis CRISIL IBX SDL May 2027Axis CRISIL IBX SDL May 2027 Index | Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index |
|---|---|---|
| 2026to date | +4.58% | +5.01% |
| 2025 | +7.98% | +7.87% |
| 2024 | +8.37% | +8.03% |
| 2023 | +7.14% | +6.81% |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 389 of them, one for each trading day from 31-03-2025 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
to
May 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 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% | 7.7% | 6.3% | 8.5% |
| Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 6.0% | 8.0% |
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 29-03-2022. Past returns do not promise future returns.
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: 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 02-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 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) | ₹5,60,000 | ₹6,60,242 | ₹1,00,242 | 7.0% |
| Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 IndexNippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | ₹5,60,000 | ₹6,60,392 | ₹1,00,392 | 7.0% |
Axis CRISIL IBX SDL May 2027 IndexAxis CRISIL IBX SDL May 2027 Index Fund (Direct)
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 IndexNippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.57% | +5.98% |
| Standard deviation | 0.63% | 0.45% |
| Sharpe ratio | 0.51 | 1.65 |
| Sortino ratio | 0.77 | 2.72 |
| Maximum drawdown | −0.2% (07-04-2026) | −0.1% (21-05-2026) |
| 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.60% | +7.49% |
| Standard deviation | 0.77% | 0.56% |
| Sharpe ratio | 2.03 | 2.62 |
| Sortino ratio | 3.44 | 4.77 |
| Maximum drawdown | −0.2% (07-04-2026) | −0.2% (13-06-2025) |
| 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.35% | +6.29% |
| Standard deviation | 1.49% | 1.22% |
| Sharpe ratio | 0.26 | 0.23 |
| Sortino ratio | 0.33 | 0.27 |
| Maximum drawdown | −3.6% (06-05-2022) | −3.3% (07-06-2022) |
| 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (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) | −3.6% | 05-04-2022 | 06-05-2022 | 09-09-2022 | 4 months | −0.0% |
| Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | −3.3% | 07-04-2022 | 07-06-2022 | 11-11-2022 | 5 months | 0.0% |
From daily values since 29-03-2022, 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis CRISIL IBX SDL May 2027 Index Fund, September 2026; Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund, September 2026
Holdings in common
- Overlap
- 10.0%
- Held by both
- 11
- Only in Axis CRISIL IBX SDL May 2027 Index
- 12
- Only in Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index
- 62
| Security | % of Axis CRISIL IBX SDL May 2027 Index | % of Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index |
|---|---|---|
| 6.58% Gujarat State Development Loans (31/03/2027) | 2.93% | 2.22% |
| 7.78% West Bengal State Development Loans (01/03/2027) | 1.94% | 2.06% |
| 7.92% West Bangal State Development Loans (15/03/2027) | 6.95% | 1.38% |
| 7.86% Karnataka State Development Loans (15/03/2027) | 1.24% | 3.29% |
| 7.59% Karnataka State Development Loans (29/03/2027) | 2.18% | 1.03% |
| 6.72% Kerala State Development Loans (24/03/2027) | 4.40% | 0.86% |
| 7.75% Karnatak State Development Loans (01/03/2027) | 0.59% | 4.12% |
| 7.85% Rajasthan State Development Loans (15/03/2027) | 0.29% | 1.38% |
| 7.87% Uttar Pradesh State Development Loans (15/03/2027) | 0.29% | 0.34% |
| 7.77% Kerala State Development Loans (01/03/2027) | 0.29% | 0.17% |
| 7.80% Haryana State Development Loans 2027 (01/03/2027) | 0.03% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.0% means 10.0% 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 |
|---|---|
| 7.51% Maharashtra State Development Loans (24/05/2027) | 24.46% |
| 7.52% Gujarat State Development Loans (24/05/2027) | 15.92% |
| 7.52% Tamilnadu State Development Loans (24/05/2027) | 11.38% |
| 7.53% Haryana State Development Loans (24/05/2027) | 8.72% |
| 7.52% Uttar Pradesh State Development Loans (24/05/2027) | 3.71% |
Largest holdings only in Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund
| Security | % of fund |
|---|---|
| 7.8% National Bank For Agriculture and Rural Development | 6.83% |
| 7.83% Indian Railway Finance Corporation Limited | 6.46% |
| 7.68% Indian Railway Finance Corporation Limited | 6.09% |
| 7.52% REC Limited | 3.46% |
| 7.76% State Government Securities | 3.45% |
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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.4% | 96.6% |
| Cash and others | 3.6% | 3.4% |
Axis CRISIL IBX SDL May 2027 Index vs Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index: 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.15% | 0.15% |
| Base expense ratio (Direct) | 0.13% | 0.13% |
| Total expense ratio (Regular) | 0.28% | 0.32% |
| Base expense ratio (Regular) | 0.24% | 0.27% |
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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund: Frequently Asked Questions
What is the difference between Axis CRISIL IBX SDL May 2027 Index Fund and Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund?
Axis CRISIL IBX SDL May 2027 Index Fund is an Index fund, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund is a mutual fund, run by Axis Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 10.0%. Axis CRISIL IBX SDL May 2027 Index Fund charges 0.15% a year and Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund 0.15%.
Which has given higher returns, Axis CRISIL IBX SDL May 2027 Index Fund or Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund?
Over 1 year: Axis CRISIL IBX SDL May 2027 Index Fund +5.57%, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund +5.98%. Over 3 years: Axis CRISIL IBX SDL May 2027 Index Fund +7.60% a year, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund +7.49% 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund?
Both charge 0.15% a year.
How much do Axis CRISIL IBX SDL May 2027 Index Fund and Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund overlap?
10.0%. They hold 11 of the same securities, the largest shared ones being 6.58% Gujarat State Development Loans (31/03/2027), 7.78% West Bengal State Development Loans (01/03/2027), 7.92% West Bangal State Development Loans (15/03/2027). From each fund's latest monthly portfolio.
Which is better for SIP, Axis CRISIL IBX SDL May 2027 Index Fund or Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund?
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 ₹4,12,171 in Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (XIRR 7.0% 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund?
Yes. 10.0% 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.