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 2 of 3
- PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund - Direct Plan - Direct GrowthPGIM India · Debt₹12.91#511Y+4.56%3Y+7.20%5Y—10Y—
- BANDHAN CRISIL IBX GILT APRIL 2032 INDEX FUND - Direct Plan - GrowthBandhan · Debt₹12.96#521Y+2.80%3Y+7.41%5Y—10Y—
- Kotak Nifty SDL Jul 2033 Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹12.85#531Y+3.13%3Y+6.87%5Y—10Y—
- Aditya Birla Sun Life CRISIL IBX SDL Jun 2032 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹12.92#541Y+3.27%3Y+7.08%5Y—10Y—
- Axis Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund - Direct Plan - Growth OptionAxis · Debt₹12.99#551Y+5.32%3Y+7.47%5Y—10Y—
- Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund - Direct Plan - Growth OptionNippon India · Debt₹12.97#561Y+4.27%3Y+7.38%5Y—10Y—
- HDFC Nifty SDL Oct 2026 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹12.93#571Y+5.59%3Y+7.25%5Y—10Y—
- HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct Plan - GrowthHSBC · Debt₹12.83#581Y+5.15%3Y+7.37%5Y—10Y—
- UTI NIFTY SDL Plus AAA PSU Bond Apr 2028- 75:25 Index Fund - Direct Plan - GrowthUTI · Debt₹13.00#591Y+5.26%3Y+7.53%5Y—10Y—
- HDFC Nifty G-Sec Jun 2036 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹12.87#601Y+1.88%3Y+7.15%5Y—10Y—
- HDFC Nifty G-Sec Apr 2029 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹13.00#611Y+3.98%3Y+7.53%5Y—10Y—
- Aditya Birla Sun Life Nifty SDL SEP 2027 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹13.01#621Y+5.41%3Y+7.58%5Y—10Y—
- HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹12.84#631Y+5.37%3Y+7.44%5Y—10Y—
- Baroda BNP Paribas NIFTY SDL December 2028 Index Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Debt₹12.94#641Y+4.70%3Y+7.48%5Y—10Y—
- Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund - Direct Plan - GrowthAditya Birla Sun Life · Debt₹12.72#651Y+4.59%3Y+7.07%5Y—10Y—
- Invesco India Nifty G-sec Jul 2027 Index Fund - Direct Plan - GrowthInvesco · Debt₹1,282.49#661Y+5.17%3Y+7.39%5Y—10Y—
- Invesco India Nifty G-sec Sep 2032 Index Fund - Direct Plan - GrowthInvesco · Debt₹1,279.70#671Y+2.73%3Y+7.38%5Y—10Y—
- Mirae Asset Nifty SDL June 2028 Index Fund - Direct Plan - GrowthMirae Asset · Debt₹12.91#681Y+5.37%3Y+7.64%5Y—10Y—
- Kotak Nifty G-Sec July 2033 Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹12.29#691Y+2.38%3Y+7.08%5Y—10Y—
- Aditya Birla Sun Life Crisil IBX Gilt April 2033 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹12.01#701Y+2.36%3Y—5Y—10Y—
- Aditya Birla Sun Life Crisil IBX Gilt June 2027 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹11.73#711Y+4.96%3Y—5Y—10Y—
- Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund - Direct Plan - GROWTH OptionKotak Mahindra · Debt₹11.64#721Y+5.88%3Y—5Y—10Y—
- Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund - Direct Plan - Growth OptionAxis · Debt₹11.62#731Y+6.18%3Y—5Y—10Y—
- Aditya Birla Sun Life Crisil-IBX AAA NBFC-HFC INDEX-Sep 2026 Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹11.55#741Y+6.70%3Y—5Y—10Y—
- Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund - Direct Plan - Growth OptionNippon India · Debt₹11.54#751Y+6.69%3Y—5Y—10Y—
- Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund - Direct Plan - Growth OptionNippon India · Debt₹11.49#761Y+5.58%3Y—5Y—10Y—
- Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index-Sep 2027 Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹11.47#771Y+6.03%3Y—5Y—10Y—
- Edelweiss CRISIL IBX AAA Financial Services Bond - Jan 2028 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹11.42#781Y+5.68%3Y—5Y—10Y—
- Aditya Birla Sun Life Crisil-IBX Financial Services 3 to 6 months Debt Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹11.36#791Y+6.93%3Y—5Y—10Y—
- Kotak CRISIL- IBX AAA Bond Financial Services Index - Dec 2026 Fund - Direct Plan - GrowthKotak Mahindra · Debt₹11.27#801Y+6.63%3Y—5Y—10Y—
- Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹11.28#811Y+6.28%3Y—5Y—10Y—
- Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹11.15#821Y+6.74%3Y—5Y—10Y—
- Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthBandhan · Debt₹11.16#831Y+6.92%3Y—5Y—10Y—
- ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹11.15#841Y+6.92%3Y—5Y—10Y—
- Aditya Birla Sun Life Crisil-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹11.11#851Y+6.17%3Y—5Y—10Y—
- HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth OptionHDFC · Debt₹11.04#861Y+7.09%3Y—5Y—10Y—
- Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - GrowthMirae Asset · Debt₹10.81#871Y+6.06%3Y—5Y—10Y—
- Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹10.71#881Y+5.28%3Y—5Y—10Y—
- JioBlackRock Nifty 8-13 yr G-Sec Index Fund - Direct Plan - Growth OptionJio BlackRock · Debt₹10.18#891Y+0.75%3Y—5Y—10Y—
- Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund - Direct Plan - GrowthKotak Mahindra · Debt₹10.66#901Y+6.21%3Y—5Y—10Y—
- Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth optionAxis · Debt₹10.72#911Y+6.78%3Y—5Y—10Y—
- Zerodha Nifty Short Duration G-Sec Index Fund - Direct Plan - Growth OptionZerodha · Debt₹1,025.32#921Y—3Y—5Y—10Y—
- Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - Growth OptionNippon India · Debt₹10.41#931Y—3Y—5Y—10Y—
- Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth OptionNippon India · Debt₹10.44#941Y—3Y—5Y—10Y—
- HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - Growth OptionHDFC · Debt₹10.41#951Y—3Y—5Y—10Y—
- Edelweiss Nifty LargeMidcap250 Plus 8-13yr G-Sec 70:30 Index Fund - Direct Plan - GrowthEdelweiss · Debt₹10.27#961Y—3Y—5Y—10Y—
- Zerodha Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund - Direct Plan - Growth OptionZerodha · Debt₹9.68#971Y—3Y—5Y—10Y—
- SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthSBI · Debt₹10.33#981Y—3Y—5Y—10Y—
- SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - GrowthSBI · Debt₹10.30#991Y—3Y—5Y—10Y—
- SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund - Direct Plan - GrowthSBI · Debt₹10.25#1001Y—3Y—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.