Zerodha Nifty Short Duration G-Sec Index Fund Direct Growth NAV today
AMFI: 154109ISIN: INF0R8F01182MUTF_IN: ZERO_NIFT_SHOR_1Q9YA8GZerodha Mutual FundIndex funds
NAV ₹1,025.5678up ₹0.16 (0.02%)
NAV for 29 Oct 2026, against 27 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹16 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 0.22%26 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- None
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Low to ModerateAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 330 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 14 Jan 2026
Zerodha Nifty Short Duration G-Sec Index Fund returns
Direct Growth plan
Over each window to 29 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out |
|---|---|
| 1 week | +0.12% |
| 1 month | +0.02% |
| 3 months | +0.08% |
| 6 months | +1.76% |
| 1 year | Needs a year |
₹10,000 put in on 19 Jan 2026 is ₹10,239 at the NAV of 29 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate.
Tracking error
Against Nifty Short Duration G-Sec Index TRI, as on 30 Sep 2026.
Against its index, by window
| Measure | This fund |
|---|---|
| Tracking errorTracking error. How much an index fund's daily returns differed from its index's, stated as a yearly figure. Tracking error in the glossary | 0.72% |
| Difference since launch | +0.82 pts |
Difference: the fund's return less the index's, in percentage points.
Zerodha Nifty Short Duration G-Sec Index Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
Total expense ratio, month by month
Expense ratio at its highest since Jan 2026 in the latest month.Expense ratio lowest 0.18%, Feb 2026.
What the expense ratio is made of
| Part | A year |
|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.18% |
| Brokerage | None |
| Transaction costs | 0.01% |
| Statutory levies | 0.03% |
Per cent of assets a year, filed for 26 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹0
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 1
- SIP dates
- 1st to 28th
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
As listed for this plan on 29 Oct 2026.
Zerodha Nifty Short Duration G-Sec Index Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹22 CrQuarter to Sep 2026
Average assets by quarter
The latest quarter is the largest since the quarter to Mar 2026.
Assets at each month end
Highest ₹25 Cr, Aug 2026.Lowest ₹14 Cr, Mar 2026.
Zerodha Nifty Short Duration G-Sec Index Fund portfolio
Portfolio disclosed for 30 Sep 2026.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. Yield to maturity in the glossary
- 6.70%Lines stating a yield: 95.43% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio. Yield after expenses in the glossary
- 6.48%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal. Macaulay duration in the glossary
- 1.92years
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates. Modified duration in the glossary
- 1.85years
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid. Average maturity in the glossary
- 2.08years
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over. Maturity date known in the glossary
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window. Perpetual bonds in the glossary
- None
The bond book is the fund's bonds, bills and overnight lending.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|
| 7.04% GOI - 03-Jun-2029SOVEREIGN, 7.04% coupon, repaid 3 Jun 2029 | 46.27% | 7.56 | 7,50,000 | 6.79% | Jul 2026 |
| 7.06% GOI - 10-Apr-2028SOVEREIGN, 7.06% coupon, repaid 10 Apr 2028 | 31.47% | 5.15 | 5,10,000 | 6.54% | Mar 2026 |
| 06.03 GOVT. STOCK 2029SOVEREIGN, 6.03% coupon, repaid 27 Jan 2029 | 15.57% | 2.55 | 2,58,000 | 6.75% | Jul 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Clearing Corporation of India Limited | 4.46% | 0.73 |
| Net Receivable / Payable | 2.22% | 0.36 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 46.27%7.04% GOI - 03-Jun-2029
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 93.31%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 93.31%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 2.6Taken over 93.31% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Bonds and bills93.31%
- Cash and receivables6.69%
Per cent of the fund's net assets.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared. Credit rating in the glossaryLoans of over a year
- Sovereign93.31%
Other
- Overnight lending4.46%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off. Maturity profile in the glossary- Up to 1 month4.46%
- 1 to 3 monthsNone
- 3 to 6 monthsNone
- 6 to 12 monthsNone
- 1 to 3 years93.31%
- 3 to 5 yearsNone
- 5 to 10 yearsNone
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 18.32% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 1
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 1
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 32.91%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| 06.03 GOVT. STOCK 2029 | Trimmed | 15.57% | 40.17% | −24.60 pts | −7,42,000 |
| 7.04% GOI - 03-Jun-2029 | Added | 46.27% | 26.73% | +19.54 pts | +1,00,000 |
| 7.26% GOI 14-Jan-2029 | Sold out | – | 8.32% | −8.32 pts | −2,01,600 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.04% GOI - 03-Jun-2029 | – | – | – | – | 26.68%Bought | 13.42%Cut | 14.29%Added | 11.21% | Sold out | 28.44%Bought again | 26.73%Added | 46.27%Added |
| 7.06% GOI - 10-Apr-2028 | – | – | – | 29.00% | Sold out | 16.13%Bought again | 17.70%Added | 33.76%Added | 46.08%Added | 15.98%Cut | 20.93%Added | 31.47% |
| 06.03 GOVT. STOCK 2029 | – | – | – | – | – | – | – | – | – | 14.84%Bought | 40.17%Added | 15.57%Cut |
| 7.26% GOI 14-Jan-2029 | – | – | – | 66.57% | 68.82%Added | 65.38%Cut | 64.24% | 50.34% | 44.33%Cut | 36.42% | 8.32%Cut | Sold out |
| 7.37% GOI - 23-OCT-2028 | – | – | – | – | – | – | – | – | 4.75%Bought | Sold out | – | – |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 29 Oct 2026
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| Since Jan 2026 | −0.96% | 2 Mar 2026 | 2 Apr 2026 | 17 Apr 2026 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Dec 2025 to Aug 20269 months | Low to Moderate | Low to ModerateNifty Short Duration G-Sec TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Zerodha Nifty Short Duration G-Sec Index Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Kedarnath MirajkarPrimary | Dec 2025 | – | – | – | – | – | 24 | ₹17,965 Cr₹13,689 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Zerodha Nifty 1D Rate Liquid ETFKedarnath Mirajkar | Jan 2025 | +5.22%a year | +5.51% | −0.29 pts | ₹10,619 Cr |
| Zerodha Gold ETFKedarnath Mirajkar | Sep 2024 | +36.43%a year | – | – | ₹2,523 Cr |
| Zerodha Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹1,569 Cr |
| Zerodha Silver ETFKedarnath Mirajkar | Mar 2025 | +51.07%a year | – | – | ₹1,139 Cr |
| Zerodha Gold ETF FoFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹387 Cr |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹280 Cr |
| Zerodha Nifty Midcap 150 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹265 Cr |
| Zerodha Silver ETF FoFKedarnath Mirajkar | Jun 2025 | – | – | – | ₹228 Cr |
| Zerodha Multi Asset Passive FoFKedarnath Mirajkar | Jul 2025 | – | – | – | ₹188 Cr |
| Zerodha Nifty 100 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹165 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| HSBC CRISIL IBX 50 50 Gilt Plus SDL Apr 2028 Index FundHSBC Mutual Fund | 30.30% | 1 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The primary goal is to provide returns that, before expenses, align with the total returns of the securities constituting the Nifty Short Duration G-Sec Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Asset allocation
- Securities covered by Nifty Short Duration G-Sec Index: 95% to 100%
- Debt and Money market instruments*,cash and cash equivalents : 00% to 05%
Type of scheme
An open-ended scheme replicating/tracking the Nifty Short Duration G-Sec Index
- Stated category
- Others - Index Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary
- Nifty Short Duration G-Sec Index TRI
- Potential risk classPotential risk class. The most risk a debt fund says it may take, as a letter and a numeral: the letter is credit risk, from A (relatively low) to C (relatively high), and the numeral is interest rate risk, from I (relatively low) to III (relatively high). Potential risk class in the glossary
- A-II
- Risk level at launch
- Low to Moderate
- New fund offer
- 26 Dec 2025 to 9 Jan 2026
- Units first allotted
- 14 Jan 2026
- Open for sale again
- 19 Jan 2026
- Price at the offer
- ₹1,000 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 154109 | INF0R8F01182 | ZERO_NIFT_SHOR_1Q9YA8G | 19 Jan 2026 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - Sep 26Zerodha Mutual Fund, Sep 2026
Statement of additional information
- SAI Zerodha Mutual FundZerodha Mutual Fund, Oct 2026
Annual report
- Annual reportZerodha Mutual Fund, Mar 2026
- Abridged Annual Report for Schemes 2025-26Zerodha Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Risk-o-Meter 2025-26Zerodha Mutual Fund, Mar 2026