Best Debt Index Funds Mutual Funds
Index funds track a benchmark rather than trying to beat it. Because there is no active stock selection, expense ratios are usually a fraction of an active fund's — a cost gap that compounds meaningfully over a decade.
We currently track 103 direct-plan Debt Index Funds schemes from 19 fund houses with a median 5-year CAGR of 6.1%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 50 of 103 schemes · sorted by Y5 low to high · page 1 of 3
- Aditya Birla Sun Life Nifty SDL Plus PSU Bond SEP 2026 60:40 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹13.36#11Y+5.89%3Y+7.22%5Y+5.95%10Y—
- BANDHAN CRISIL IBX GILT JUNE 2027 INDEX FUND - Direct Plan - GrowthBandhan · Debt₹13.96#21Y+5.16%3Y+7.36%5Y+6.03%10Y—
- BANDHAN CRISIL IBX GILT APRIL 2028 INDEX FUND - Direct Plan - GrowthBandhan · Debt₹14.02#31Y+4.92%3Y+7.43%5Y+6.12%10Y—
- ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹13.44#41Y+5.55%3Y+7.55%5Y+6.13%10Y—
- Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹13.48#51Y+5.87%3Y+7.52%5Y+6.15%10Y—
- SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund - Direct Plan - GrowthSBI · Debt₹13.26#61Y+5.95%3Y+7.22%5Y—10Y—
- Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹13.39#71Y+5.69%3Y+7.42%5Y—10Y—
- Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹13.30#81Y+5.80%3Y+7.56%5Y—10Y—
- Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹13.37#91Y+3.46%3Y+7.05%5Y—10Y—
- Axis CRISIL IBX SDL May 2027 Index Fund - Direct Plan - Growth OptionAxis · Debt₹13.29#101Y+5.77%3Y+7.62%5Y—10Y—
- HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund - Direct Plan - GrowthHSBC · Debt₹13.39#111Y+5.05%3Y+7.48%5Y—10Y—
- DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund - Direct Plan - GrowthDSP · Debt₹13.40#121Y+5.00%3Y+7.50%5Y—10Y—
- ICICI Prudential Nifty SDL Sep 2027 Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹13.32#131Y+5.57%3Y+7.62%5Y—10Y—
- Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund - Direct Plan - Growth OptionNippon India · Debt₹13.24#141Y+6.13%3Y+7.51%5Y—10Y—
- Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60 40 Index Fund - Direct Plan - Growth OptionTata · Debt₹13.41#151Y+5.13%3Y+7.47%5Y—10Y—
- Aditya Birla Sun Life Crisil IBX 60:40 SDL+AAA PSU-APR 2027 Index Fund - Direct Plan - GrowthAditya Birla Sun Life · Debt₹13.23#161Y+5.95%3Y+7.46%5Y—10Y—
- Mirae Asset Nifty SDL Jun 2027 Index Fund - Direct Plan - GrowthMirae Asset · Debt₹13.31#171Y+5.72%3Y+7.60%5Y—10Y—
- Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹13.22#181Y+1.72%3Y+6.80%5Y—10Y—
- SBI CRISIL IBX Gilt Index - June 2036 Fund - Direct Plan - GrowthSBI · Debt₹13.26#191Y+1.88%3Y+7.07%5Y—10Y—
- Aditya Birla Sun Life Crisil IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹13.40#201Y+4.93%3Y+7.50%5Y—10Y—
- SBI CRISIL IBX Gilt Index - April 2029 Fund - Direct Plan - GrowthSBI · Debt₹13.35#211Y+3.90%3Y+7.51%5Y—10Y—
- SBI CRISIL IBX SDL Index - September 2027 Fund - Direct Plan - GrowthSBI · Debt₹13.32#221Y+5.51%3Y+7.58%5Y—10Y—
- Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60 - 40 Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹13.32#231Y+5.12%3Y+7.48%5Y—10Y—
- ICICI Prudential Nifty SDL Dec 2028 Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹13.42#241Y+4.71%3Y+7.51%5Y—10Y—
- Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹13.29#251Y+5.39%3Y+7.44%5Y—10Y—
- ICICI Prudential Nifty G-Sec Dec 2030 Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹13.31#261Y+3.18%3Y+7.35%5Y—10Y—
- Aditya Birla Sun Life Crisil IBX Gilt -Apr 2029 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹13.40#271Y+3.97%3Y+7.55%5Y—10Y—
- Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund - Direct Plan - GrowthMirae Asset · Debt₹13.28#281Y+2.24%3Y+7.15%5Y—10Y—
- Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹13.32#291Y+4.82%3Y+7.54%5Y—10Y—
- Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund - Direct Plan - Growth OptionNippon India · Debt₹13.19#301Y+5.21%3Y+7.56%5Y—10Y—
- HDFC Nifty G-Sec Dec 2026 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹13.11#311Y+5.47%3Y+7.23%5Y—10Y—
- HDFC Nifty G-Sec July 2031 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹13.18#321Y+2.69%3Y+7.38%5Y—10Y—
- Axis Nifty SDL September 2026 Debt Index Fund - Direct Plan - Growth OptionAxis · Debt₹13.07#331Y+5.74%3Y+7.26%5Y—10Y—
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - NOV 2026 INDEX FUND - Direct Plan - GrowthBandhan · Debt₹13.14#341Y+5.73%3Y+7.40%5Y—10Y—
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - APRIL 2032 INDEX FUND - Direct Plan - GrowthBandhan · Debt₹13.10#351Y+3.47%3Y+7.17%5Y—10Y—
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEPTEMBER 2027 INDEX FUND - Direct Plan - GrowthBandhan · Debt₹13.21#361Y+5.60%3Y+7.65%5Y—10Y—
- Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund - Direct Plan - Growth OptionNippon India · Debt₹13.02#371Y+5.07%3Y+7.36%5Y—10Y—
- Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund - Direct Plan - Growth OptionNippon India · Debt₹12.98#381Y+1.83%3Y+7.16%5Y—10Y—
- HDFC Nifty G-Sec Jun 2027 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹13.06#391Y+5.09%3Y+7.36%5Y—10Y—
- HDFC Nifty G-Sec Sep 2032 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹13.06#401Y+2.69%3Y+7.32%5Y—10Y—
- UTI CRISIL SDL Maturity April 2033 Index Fund - Direct Plan - GrowthUTI · Debt₹12.92#411Y+3.20%3Y+6.92%5Y—10Y—
- ICICI Prudential Nifty SDL Sep 2026 Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹12.96#421Y+5.68%3Y+7.19%5Y—10Y—
- UTI CRISIL SDL Maturity June 2027 Index Fund - Direct Plan - GrowthUTI · Debt₹13.05#431Y+5.74%3Y+7.59%5Y—10Y—
- Tata Nifty G-Sec Dec 2029 Index Fund - Direct Plan - Growth OptionTata · Debt₹13.05#441Y+3.91%3Y+7.60%5Y—10Y—
- Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund - Direct Plan - Growth OptionAxis · Debt₹12.99#451Y+5.06%3Y+7.50%5Y—10Y—
- Tata Nifty G-Sec Dec 2026 Index Fund - Direct Plan - Growth OptionTata · Debt₹12.92#461Y+5.57%3Y+7.29%5Y—10Y—
- DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund - Direct Plan - GrowthDSP · Debt₹12.94#471Y+2.87%3Y+7.11%5Y—10Y—
- Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund - Direct Plan - GrowthEdelweiss · Debt₹12.85#481Y+4.16%3Y+7.03%5Y—10Y—
- DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund - Direct Plan - GrowthDSP · Debt₹13.02#491Y+5.32%3Y+7.49%5Y—10Y—
- Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund - Direct Plan - Growth OptionNippon India · Debt₹12.99#501Y+4.67%3Y+7.58%5Y—10Y—
Debt Index Funds funds — frequently asked questions
Which Debt Index Funds fund has the highest 5-year CAGR?
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund - Direct Plan - Growth currently leads the Debt Index Funds category with a 5-year CAGR of 6.1%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Debt Index Funds fund?
Across the 103 Debt Index Funds schemes we track, the median 5-year CAGR is 6.1%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.