Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund-Direct Growth

Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund-Direct Growth lags behind most of its peers in the Index Funds category, currently carrying a 1-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 45/100.

Cost: At 0.52%, the expense ratio runs 24% above the Index Funds category average of 0.42%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.9 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.03% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to cost-conscious investors happy to simply match the market rather than try to beat it. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.