Zerodha Nifty Short Duration G-Sec Index Fund Direct-Growth NFO

December 25, 2025

RA Jainee

Zerodha Nifty Short Duration G-Sec Index Fund – Direct | Growth

📌 Fund Snapshot & Key Details (Master Table)

Particulars	Details
Fund House	Zerodha Mutual Fund
Scheme Type	Open-ended
Category	Debt – Short Duration
Benchmark	Nifty Short Duration G-Sec TRI
NFO Opens	26 December 2025
NFO Closes	09 January 2026
Plan / Option	Direct – Growth
Minimum Investment	Rs. 100
Exit Load	Nil
Lock-in Period	NA
Riskometer	Low to Moderate
Registrar	Computer Age Management Services Ltd. (CAMS)

⚖️ Sahifund NFO Review

PLUS

Sovereign-backed portfolio → negligible credit risk as investments are only in Government of India securities
Short duration (around 2–3 years) → lower interest-rate volatility versus medium and long-duration debt funds
Passive index structure → transparent, rule-based approach with minimal fund-manager bias
Rs. 100 minimum investment & zero exit load → excellent option for surplus parking and conservative allocation

MINUS

Return potential capped by G-Sec yields, limiting upside
Not suitable for return-hungry investors seeking high alpha
Likely to underperform equity and long-duration debt funds during aggressive falling interest-rate cycles

Sahifund View :

Best suited for conservative investors or surplus allocation with a 1.5–3 year horizon; not meant for long-term wealth creation.

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⏱️ Last Updated: 25 December 2025, 10.00 AM

📊 Benchmark Trend & Behaviour

Benchmark Performance Snapshot

(Returns as on 30 November 2025)

Period	Nifty Short Duration G-Sec TRI (%)
3 Months	1.73
6 Months	2.55
1 Year	8.04
3 Years	7.63
Since Inception	6.91

Benchmark Characteristics

Parameter	Details
Average Coupon	7.21%
Average Yield	5.90%
Avg. Macaulay Duration	2.55
Avg. Maturity	2.81 years
No. of Constituents	3
Rebalancing Frequency	Monthly

Sahifund Insight:
The benchmark is designed to deliver stable, accrual-oriented returns with low volatility. Performance closely follows prevailing G-Sec yields, making it suitable for capital preservation rather than aggressive return generation.

🧠 Investment Strategy – Explained Simply

The scheme follows a passive investment strategy, aiming to replicate the total returns of the Nifty Short Duration G-Sec Index before expenses. Portfolio rebalancing is done monthly to minimise tracking error and maintain duration discipline.

👤 Fund Manager & Past Performance

Fund Manager

Kedarnath Mirajkar
PGDBM (Finance) | Over 10 years of experience
Previously associated with ABSL AMC, HDFC Bank and Bombay Dyeing.

Past Performance of Fund Manager

Scheme Managed	1 Year (%)	Benchmark (%)
Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund	8.32	7.43
Zerodha Nifty Large Midcap 250 Index Fund	8.26	8.62

(As on 25-12-2025)

Sahifund Interpretation:
Performance indicates strong benchmark-tracking efficiency, aligning with Zerodha’s passive fund management philosophy.

🎯 Suitable for Which Investors?

Suitable if you:

Have a 1.5–3 year investment horizon
Prefer low credit risk and capital stability
Need a debt allocation or surplus parking avenue

Avoid if you:

Expect equity-like or high returns
Are positioning aggressively for interest-rate cycles
Prefer active duration or credit-oriented debt funds

❓ Should You Invest in This NFO?

This NFO works best as a low-risk debt component within a diversified portfolio. Investors should align expectations with government bond yields, not growth assets.

⚠️ Disclaimer

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.

Quicklinks

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