Debt Index Funds Compared
Every debt index mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 13 debt index funds with at least 3 years of NAVs. Over 3 years their direct plans returned a median 7.4% a year. The highest 3-year return was Mirae Asset Nifty SDL June 2028 Index Fund at 7.6% a year.
All debt index funds, ranked by 3-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) |
|---|---|---|---|---|---|---|---|---|
| 1 | Mirae Asset Nifty SDL June 2028 Index Fund | 5.6% | 7.6% | — | — | — | — | 0.19% |
| 2 | Axis Crisil IBX SDL May 2027 Index Fund | 6.1% | 7.6% | — | — | — | — | 0.15% |
| 3 | Mirae Asset Nifty SDL Jun 2027 Index Fund | 6.0% | 7.5% | — | — | — | — | 0.24% |
| 4 | UTI Crisil SDL Maturity June 2027 Index Fund | 6.0% | 7.5% | — | — | — | — | 0.20% |
| 5 | UTI Nifty SDL Plus AAA PSU Bond Apr 2028- 75:25 Index Fund | 5.6% | 7.5% | — | — | — | — | 0.26% |
| 6 | HSBC Crisil IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund | 5.4% | 7.4% | — | — | — | — | 0.19% |
| 7 | Axis Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund | 5.6% | 7.4% | — | — | — | — | 0.15% |
| 8 | Baroda BNP Paribas Nifty SDL December 2028 Index Fund | 5.3% | 7.4% | — | — | — | — | 0.25% |
| 9 | Invesco India Nifty G-sec Sep 2032 Index Fund | 3.9% | 7.4% | — | — | — | — | 0.15% |
| 10 | Invesco India Nifty G-sec Jul 2027 Index Fund | 5.4% | 7.3% | — | — | — | — | 0.15% |
| 11 | HSBC Crisil IBX Gilt June 2027 Index Fund | 5.4% | 7.3% | — | — | — | — | 0.15% |
| 12 | Mirae Asset Crisil IBX Gilt Index - April 2033 Index Fund | 3.5% | 7.2% | — | — | — | — | 0.18% |
| 13 | UTI Crisil SDL Maturity April 2033 Index Fund | 4.6% | 6.9% | — | — | — | — | 0.17% |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
Key takeaways
Frequently asked questions
Which debt index fund has given the highest returns?
Over the 3 years to 30 Sep 2026, Mirae Asset Nifty SDL June 2028 Index Fund (direct plan) at 7.6% a year. Past returns do not predict future ones.
What is the average return of debt index funds?
The median direct plan returned 7.4% a year over 3 years to 30 Sep 2026.