SBI Mutual Fund launches Two Constant Maturity Index Funds in Financial Services
SBI Mutual Fund, India’s largest fund house announces the launch of two Constant Maturity Index Funds in the financial services segment The New Fund Offer (NFO) period for the schemes will be from April 15 - 20, 2026.
The investment objective of the schemes is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the schemes will be achieved. The schemes do not assure or guarantee any returns.
Mr. Nand Kishore, MD & CEO, SBI Funds Management Limited, said: "The launch of the SBI CRISIL - IBX Financial Services 3 - 6 Months Debt Index Fund and the SBI CRISIL - IBX Financial Services 9 - 12 Months Debt Index Fund reflects our continued focus on offering simple, transparent, and low - cost passive investment solutions. These schemes provide investors with access to short - tenor financial services debt through a clearly defined index - based approach, aligned with their short - term investment needs.”
Mr. D P Singh, Joint CEO, SBI Funds Management Limited, said: "This launch strengthens our passive debt offerings and provides additional index - based options aligned with short - tenor investment horizons. The clearly defined maturity profile and transparent structure make these funds suitable for investors seeking disciplined exposure to the financial services debt segment.”
The SBI CRISIL- IBX Financial Services 3 - 6 Months Debt Index Fund would primarily invest a minimum of 95% and up to 100% of its assets in securities forming part of the CRISIL- IBX Financial Services 3 - 6 Months Debt Index. The SBI CRISIL - IBX Financial Services 9 - 12 Months Debt Index Fund would primarily invest a minimum of 95% and up to 100% of its assets in securities forming part of the CRISIL - IBX Financial Services 9 - 12 Months Debt Index.
The balance up to 5% of the assets in both funds may be invested in debt and money market instruments, including commercial papers, commercial bills, government securities (including G - Secs, SDLs, and treasury bills) having an unexpired maturity of up to one year, call or notice money, certificates of deposit, usance bills, and any other similar instruments as specified by the Reserve Bank of India from time to time. Such investments may also include cash and cash equivalents (treasury bills and government securities with residual maturity of up to one year), Tri - party Repo, and units of liquid mutual funds.
The minimum application amount during the NFO is Rs.5,000 and in multiples of Rs.1 thereafter with additional purchases of Rs.1,000 and in multiples of Rs.1 thereafter. Investments can also be done through daily, weekly, monthly, quarterly, semi-annual, and annual SIPs (Systematic Investment Plans). For more information, please refer to the Scheme Information Document.
The fund manager for the SBI CRISIL - IBX Financial Services 3 - 6 Months Debt Index Fund and SBI CRISIL - IBX Financial Services 9 - 12 Months Debt Index Fund is Mr. Rajeev Radhakrishnan, CFA, CIO - Fixed Income, who has been associated with the fund house since June 2008. Mr. Radhakrishnan also manages the debt portion of SBI Equity Hybrid Fund (an open-ended hybrid scheme investing predominantly in equity and equity - related securities) and is the co - fund manager of the debt portion of SBI Balanced Advantage Fund (an open-ended dynamic asset allocation fund). In addition, he manages the SBI Corporate Bond Fund (an open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high-interest rate risk and moderate credit risk), the SBI Floating Rate Debt Fund (an open - ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives). A moderate interest rate risk and relatively low credit risk), the SBI Liquid Fund (an open-ended Liquid Scheme. A relatively low-interest rate risk and moderate credit risk), and the SBI Savings Fund (an open - ended debt scheme investing in money market instruments. A relatively low-interest rate risk and moderate credit risk).
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