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ICICI Prudential Nifty SDL Dec 2028 Index Fund

Q: What is the NAV of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Nifty SDL Dec 2028 Index Fund is ₹13.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Nifty SDL Dec 2028 Index Fund delivered?

ICICI Prudential Nifty SDL Dec 2028 Index Fund has returned +4.83% over 1 year, +7.35% per year over 3 years and +7.48% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund charges an expense ratio of 0.36% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund's largest holdings are State Government of Tamil Nadu (16.3%), State Government of Tamil Nadu (10.5%), State Government of Rajasthan (9.0%), State Government of Kerala (6.2%) and State Government of Uttar Pradesh (5.7%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -1.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Nifty SDL Dec 2028 Index Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is benchmarked against the Nifty SDL Dec 2028 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is managed by Darshil Dedhia and Rohit Lakhotia at ICICI Prudential.

Q: How is ICICI Prudential Nifty SDL Dec 2028 Index Fund taxed?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

ICICI Prudential Mutual Fund · Best Index Funds

NAV

₹13.32

+0.10% 1D

as of 05 Oct 2026

This is the Regular plan of ICICI Prudential Nifty SDL Dec 2028 Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+4.75%absolute

52-week rangePrev NAV ₹13.31

Latest ₹13.32

Low ₹12.7297th percentile of its 52-week rangeHigh ₹13.34

Scorecard

★★★★☆4/5 vs 175 of 373 Index Funds peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). 175 of the 373 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +7.35% · ranks 68 of 175 Index Funds

RiskLow

Volatility 1.6% vs 12.3% category avg

CostLow

0.4% expense vs 1.0% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Index Funds average on 1M/3M/1Y — 1Y by 5.34pp
Stronger risk-adjusted returns — Sharpe 0.54 vs 0.36 Index Funds average
Less volatile than its Index Funds peers (1.6% vs 12.3%)
Low expense ratio (0.36%) vs the Index Funds average of 0.96%
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+7.35%) trails the Index Funds average (+8.83%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.36%

Category 0.96%▼0.60%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.54

Category 0.36▲0.18

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty SDL Dec 2028 Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

13 Oct 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.02%

Absolute return over the last 3 months (not annualized)

+0.62%

Absolute return over the last 6 months (not annualized)

+3.08%

Absolute return since 1 Jan of this year (not annualized)

+3.04%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+4.83%

3-year annualized return (CAGR)

+7.35%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+7.48%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.56%

Excess return per unit of total volatility (rf = 6.5%)

0.54

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.80

Largest peak-to-trough decline over full history

-1.17%

Benchmark ratios

Not shown for Index Funds — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	+0.02%	-3.95%	+3.97%
3M abs	+0.62%	-3.24%	+3.86%
6M abs	+3.08%	+5.68%	-2.60%
1Y CAGR	+4.83%	-0.51%	+5.34%
3Y CAGR	+7.35%	+8.83%	-1.48%
5Y CAGR	—	+7.82%	—

Category average across peers in Index Funds (368 of 373 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 373 peers in Index Funds

1Y return

+4.83%

Beats 75.4% · rank #80

3Y return

+7.35%

Beats 61.5% · rank #68

5Y return

—

Sharpe

0.54

Beats 73.3% · rank #47

Sortino

0.80

Beats 73.8% · rank #46

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.94L

Absolute

+9.51%

XIRR

+6.32%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into ICICI Prudential Nifty SDL Dec 2028 Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+3.04%
2025	+8.44%
2024	+8.49%
2023	+7.41%
2022part	+2.34%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

962

Expense ratio

0.36%

AUM

₹826.83Cr

YTM (from holdings)

7.08%

Average maturity

2.21 years

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Index Funds

Compare all


ICICI Prudential Nifty SDL Dec 2028 Index FundThis fund ICICI Prudential · Regular · Growth	★★★★☆	+4.83%	+7.35%	—	—	0.36%	₹826.83Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Regular · Growth	★★★★★	+32.29%	+33.12%	+20.04%	—	1.06%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Regular · Growth	★★★★★	+23.73%	+27.06%	+18.06%	—	1.04%	—
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Regular · Growth	★★★★★	+19.30%	+19.56%	—	—	1.18%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Regular · Growth	★★★★☆	+3.47%	+19.48%	—	—	1.19%	₹729.68Cr
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal · Regular · Growth	★★★★☆	-1.49%	+18.02%	—	—	1.16%	₹2,077Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt96.88%
Cash & Equivalents3.12%

Debt & cash (37)

bonds, treasury bills, CDs, commercial paper and cash

As on 31 Aug 2026 · AMC disclosure

State Government of Tamil Nadu

16.26%

State Government of Tamil Nadu

10.52%

State Government of Rajasthan

9.00%

State Government of Kerala

6.18%

State Government of Uttar Pradesh

5.69%

State Government of Gujarat

3.97%

State Government of Gujarat

3.95%

State Government of Rajasthan

3.53%

State Government of Tamil Nadu

3.41%

State Government of Tamil Nadu

3.40%

Fund size over time

Quarterly average AUM · AMFI

₹826.83Cr

April - June 2026

-3%

since January - March 2026

−₹25.43Cr

est. net flow, last quarter

At or near its largest, ₹849.67Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

DDDarshil DedhiaManaging since 22 Jan 2024

Role

Fund Manager – Fixed Income

Education

Chartered Accountant, Chartered Financial Analyst (CFA) and B.Com

Experience

He started his career with ICICI Prudential Asset in January 2013 and has experience of over 12 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Investments – Mutual Fund Debt – August 9, 2018 till date. ~ ICICI Prudential Asset Management Company Limited – Fund Accounting – February 9, 2016 till August 8, 2018. ~ ICICI Prudential Asset Management Company Limited – Investments – Fixed Income – May 25, 2015 to Feb 8, 2016. ~ ICICI Prudential Asset Management Company Limited – Fund Accounting – January 22, 2013 to May 24, 2015.

Funds managed (23)

All schemes Darshil Dedhia runs →

RLRohit LakhotiaManaging since 12 Jun 2023

Role

Fund Manager – Fixed Income

Education

Bachelor of Technology (Honors) Electrical Engineering from NIT Rourkela and MBA from Indian Institute of Management (IIM), Mumbai and Chartered Financial Analyst (CFA)

Experience

Mr. Rohit Lakhotia is associated with ICICI Prudential Asset Management Company Limited from May 2016. He was appointed as Fund Manager with effect from June 12, 2023. He has over 14 years of experience. Past Experience: Yes Bank Limited – Corporate Banking – May 2012 to May 2016 Samsung India(R&D) Centre, Noida – Senior R&D Engineer – July 2008 – July 2010.

Funds managed (17)

All schemes Rohit Lakhotia runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Darshil Dedhia Rohit Lakhotia

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.

Frequently asked questions

What is the NAV of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Nifty SDL Dec 2028 Index Fund is ₹13.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Nifty SDL Dec 2028 Index Fund delivered?

ICICI Prudential Nifty SDL Dec 2028 Index Fund has returned +4.83% over 1 year, +7.35% per year over 3 years and +7.48% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund charges an expense ratio of 0.36% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund's largest holdings are State Government of Tamil Nadu (16.3%), State Government of Tamil Nadu (10.5%), State Government of Rajasthan (9.0%), State Government of Kerala (6.2%) and State Government of Uttar Pradesh (5.7%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -1.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Nifty SDL Dec 2028 Index Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is benchmarked against the Nifty SDL Dec 2028 Index. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Nifty SDL Dec 2028 Index Fund?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is managed by Darshil Dedhia and Rohit Lakhotia at ICICI Prudential.

How is ICICI Prudential Nifty SDL Dec 2028 Index Fund taxed?

ICICI Prudential Nifty SDL Dec 2028 Index Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.