Axis NIFTY SDL September 2026 Debt Index Fund vs ICICI Prudential Nifty SDL Sep 2026 Index Fund
Direct Plan, Growth option · Data as on 30-09-2026
Axis NIFTY SDL September 2026 Debt Index Fund is an Index fund and ICICI Prudential Nifty SDL Sep 2026 Index Fund is an Index fund. In the 3 years to 30-09-2026, Axis NIFTY SDL September 2026 Debt Index Fund (Direct) returned 7.3% a year and ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) returned 7.2% a year. Axis NIFTY SDL September 2026 Debt Index Fund charges 0.16% a year and ICICI Prudential Nifty SDL Sep 2026 Index Fund 0.20% (Direct plans). Their portfolios overlap 62.8%: they hold 6 of the same securities.
Axis NIFTY SDL September 2026 Debt Index Fund is closed. It has not published a NAV since 30-09-2026. Its figures stop there.
ICICI Prudential Nifty SDL Sep 2026 Index Fund is closed. It has not published a NAV since 30-09-2026. Its figures stop there.
Axis NIFTY SDL September 2026 Debt Index Fund
Index
- 3 year return
- 7.3%
- Expense ratio
- 0.16%
- NAV
- ₹13.07
ICICI Prudential Nifty SDL Sep 2026 Index Fund
Index
- 3 year return
- 7.2%
- Expense ratio
- 0.20%
- NAV
- ₹12.96
Which is better, Axis NIFTY SDL September 2026 Debt Index or ICICI Prudential Nifty SDL Sep 2026 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 NIFTY SDL September 2026 Debt Index returned more over 3 years: 7.3% a year against 7.2%.
- Axis NIFTY SDL September 2026 Debt Index returned more over 1 year: 5.7% against 5.7%.
- Axis NIFTY SDL September 2026 Debt Index costs less: 0.16% a year against 0.20% (Direct plans).
- ICICI Prudential Nifty SDL Sep 2026 Index swung less over 3 years: a standard deviation of 0.5% a year against 0.6%.
- ICICI Prudential Nifty SDL Sep 2026 Index fell less in its worst fall since 22-12-2022: −0.3% against −0.3%.
- ICICI Prudential Nifty SDL Sep 2026 Index is the larger fund: ₹194 Cr against ₹66 Cr.
- Their portfolios overlap 62.8%: 6 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 NIFTY SDL September 2026 Debt Index Fund | ICICI Prudential Nifty SDL Sep 2026 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | Index |
| AUM | ₹66 Cr (30-09-2026) | ₹194 Cr (30-09-2026) |
| NAV | ₹13.07 (Direct) | ₹12.96 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.20% |
| Expense ratio (Regular) | 0.32% | 0.40% |
| Riskometer | Low | Not available |
| Benchmark | Nifty SDL Sep 2026 Index | Nifty SDL Sep 2026 Index |
| Launch date | 22-11-2022 | 21-12-2022 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aditya Pagaria, Sachin Jain | Darshil Dedhia, Rohit Lakhotia |
| Exit load | NIL | Nil |
Axis NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 Index: Returns Comparison
Returns as on 30-09-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis NIFTY SDL September 2026 Debt Index Fund (Direct) | +0.47% | +1.33% | +2.86% | +5.74% | +7.26% | -- | -- |
| ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) | +0.48% | +1.33% | +2.81% | +5.68% | +7.19% | -- | -- |
Axis NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 Index: Year-wise Returns
| Year | Axis NIFTY SDL September 2026 DebtAxis NIFTY SDL September 2026 Debt Index | ICICI Prudential Nifty SDL Sep 2026ICICI Prudential Nifty SDL Sep 2026 Index |
|---|---|---|
| 2026to date | +4.15% | +4.13% |
| 2025 | +7.66% | +7.50% |
| 2024 | +8.09% | +8.02% |
| 2023 | +6.99% | +7.03% |
Axis NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 191 of them, one for each trading day from 22-12-2025 to 30-09-2026: 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 NIFTY SDL September 2026 Debt Index Fund (Direct)
ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct)
to
Jan 2026Mar 2023
to
Mar 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 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 NIFTY SDL September 2026 Debt Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.3% | 7.1% | 7.7% |
| ICICI Prudential Nifty SDL Sep 2026 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.2% | 7.1% | 7.7% |
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 22-12-2022. Past returns do not promise future returns.
Axis NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 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 01-12-2022 to 30-09-2026: 46 instalments, ₹4,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis NIFTY SDL September 2026 Debt IndexAxis NIFTY SDL September 2026 Debt Index Fund (Direct) | ₹4,60,000 | ₹5,25,546 | ₹65,546 | 6.9% |
| ICICI Prudential Nifty SDL Sep 2026 IndexICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) | ₹4,60,000 | ₹5,24,815 | ₹64,815 | 6.8% |
Axis NIFTY SDL September 2026 Debt IndexAxis NIFTY SDL September 2026 Debt Index Fund (Direct)
ICICI Prudential Nifty SDL Sep 2026 IndexICICI Prudential Nifty SDL Sep 2026 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 NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis NIFTY SDL September 2026 Debt Index Fund (Direct) | ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.74% | +5.68% |
| Standard deviation | 0.31% | 0.27% |
| Sharpe ratio | 1.63 | 1.63 |
| Sortino ratio | 3.13 | 3.31 |
| Maximum drawdown | −0.0% (07-01-2026) | −0.0% (30-10-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-09-2025 to 30-09-2026. 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 NIFTY SDL September 2026 Debt Index Fund (Direct) | ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +7.19% |
| Standard deviation | 0.61% | 0.54% |
| Sharpe ratio | 1.95 | 2.08 |
| Sortino ratio | 3.45 | 3.78 |
| Maximum drawdown | −0.2% (06-10-2023) | −0.1% (06-10-2023) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-09-2023 to 30-09-2026. 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 NIFTY SDL September 2026 Debt Index Fund (Direct) | ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.18% | +7.10% |
| Standard deviation | 0.74% | 0.66% |
| Sharpe ratio | 1.33 | 1.39 |
| Sortino ratio | 2.18 | 2.34 |
| Maximum drawdown | −0.3% (27-02-2023) | −0.3% (01-03-2023) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 24-11-2022 to 30-09-2026. 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 NIFTY SDL September 2026 Debt Index Fund (Direct)
ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis NIFTY SDL September 2026 Debt Index Fund (Direct) | −0.3% | 07-02-2023 | 27-02-2023 | 13-03-2023 | 14 days | 0.0% |
| ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct) | −0.3% | 20-02-2023 | 01-03-2023 | 13-03-2023 | 12 days | 0.0% |
From daily values since 22-12-2022, 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 NIFTY SDL September 2026 Debt Index Fund (Direct)
ICICI Prudential Nifty SDL Sep 2026 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 NIFTY SDL September 2026 Debt Index Fund (Direct)
ICICI Prudential Nifty SDL Sep 2026 Index Fund (Direct)
Axis NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis NIFTY SDL September 2026 Debt Index Fund, August 2026; ICICI Prudential Nifty SDL Sep 2026 Index Fund, August 2026
Holdings in common
- Overlap
- 62.8%
- Held by both
- 6
- Only in Axis NIFTY SDL September 2026 Debt Index
- 2
- Only in ICICI Prudential Nifty SDL Sep 2026 Index
- 2
| Security | % of Axis NIFTY SDL September 2026 Debt Index | % of ICICI Prudential Nifty SDL Sep 2026 Index |
|---|---|---|
| 7.38% Rajasthan State Development Loans (14/09/2026) | 42.69% | 46.67% |
| 7.37% Tamilnadu State Development Loans (14/09/2026) | 7.62% | 27.26% |
| 8.72% Tamilnadu State Development Loans (19/09/2026) | 6.18% | 5.21% |
| 7.37% Maharashtra State Development Loans (14/09/2026) | 7.62% | 3.09% |
| 7.19% Uttar Pradesh State Development Loans (28/09/2026) | 7.63% | 2.27% |
| 7.16% Maharashtra State Development Loans (28/09/2026) | 2.52% | 1.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.8% means 62.8% 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 NIFTY SDL September 2026 Debt Index Fund
| Security | % of fund |
|---|---|
| 182 Days Tbill (MD 03/09/2026) | 15.23% |
| 7.17% Rajasthan State Development Loans (28/09/2026) | 7.63% |
Largest holdings only in ICICI Prudential Nifty SDL Sep 2026 Index Fund
| Security | % of fund |
|---|---|
| State Government of Gujarat | 4.55% |
| 91 Days Treasury Bills | 4.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis NIFTY SDL September 2026 Debt Index | ICICI Prudential Nifty SDL Sep 2026 Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.1% | 95.4% |
| Cash and others | 2.9% | 4.6% |
Axis NIFTY SDL September 2026 Debt Index vs ICICI Prudential Nifty SDL Sep 2026 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis NIFTY SDL September 2026 Debt Index Fund | ICICI Prudential Nifty SDL Sep 2026 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.20% |
| Base expense ratio (Direct) | 0.14% | 0.17% |
| Total expense ratio (Regular) | 0.32% | 0.40% |
| Base expense ratio (Regular) | 0.27% | 0.34% |
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 NIFTY SDL September 2026 Debt Index Fund vs ICICI Prudential Nifty SDL Sep 2026 Index Fund: Frequently Asked Questions
What is the difference between Axis NIFTY SDL September 2026 Debt Index Fund and ICICI Prudential Nifty SDL Sep 2026 Index Fund?
Axis NIFTY SDL September 2026 Debt Index Fund is an Index fund, ICICI Prudential Nifty SDL Sep 2026 Index Fund is an Index fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 62.8%. Axis NIFTY SDL September 2026 Debt Index Fund charges 0.16% a year and ICICI Prudential Nifty SDL Sep 2026 Index Fund 0.20%.
Which has given higher returns, Axis NIFTY SDL September 2026 Debt Index Fund or ICICI Prudential Nifty SDL Sep 2026 Index Fund?
Over 1 year: Axis NIFTY SDL September 2026 Debt Index Fund +5.74%, ICICI Prudential Nifty SDL Sep 2026 Index Fund +5.68%. Over 3 years: Axis NIFTY SDL September 2026 Debt Index Fund +7.26% a year, ICICI Prudential Nifty SDL Sep 2026 Index Fund +7.19% a year. As on 30-09-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis NIFTY SDL September 2026 Debt Index Fund or ICICI Prudential Nifty SDL Sep 2026 Index Fund?
Axis NIFTY SDL September 2026 Debt Index Fund charges less: 0.16% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis NIFTY SDL September 2026 Debt Index Fund and ICICI Prudential Nifty SDL Sep 2026 Index Fund overlap?
62.8%. They hold 6 of the same securities, the largest shared ones being 7.38% Rajasthan State Development Loans (14/09/2026), 7.37% Tamilnadu State Development Loans (14/09/2026), 8.72% Tamilnadu State Development Loans (19/09/2026). From each fund's latest monthly portfolio.
Which is better for SIP, Axis NIFTY SDL September 2026 Debt Index Fund or ICICI Prudential Nifty SDL Sep 2026 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-09-2023 to 30-09-2026 grew to ₹4,10,964 in Axis NIFTY SDL September 2026 Debt Index Fund (XIRR 6.8% a year) and ₹4,10,465 in ICICI Prudential Nifty SDL Sep 2026 Index Fund (XIRR 6.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis NIFTY SDL September 2026 Debt Index Fund and ICICI Prudential Nifty SDL Sep 2026 Index Fund?
Yes. 62.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis NIFTY SDL September 2026 Debt Index Fund and ICICI Prudential Nifty SDL Sep 2026 Index Fund?
Axis NIFTY SDL September 2026 Debt Index Fund: Aditya Pagaria, Sachin Jain. ICICI Prudential Nifty SDL Sep 2026 Index Fund: Darshil Dedhia, Rohit Lakhotia.
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.