Mumbai, May 14, 2026:
India’s largest asset management company, SBI Mutual Fund, has expanded its passive fixed-income offerings with the launch of two new target-maturity debt index funds aimed at investors seeking predictable and transparent investment options amid evolving market conditions.
The fund house announced the introduction of the “SBI CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 Fund” and the “SBI Nifty G-Sec Jul 2031 Index Fund”, further strengthening its growing passive debt suite. The New Fund Offer (NFO) for both schemes will open on May 14, 2026, and close on May 19, 2026.
The newly launched schemes are designed as open-ended target-maturity index funds, offering investors exposure to sovereign and quasi-sovereign debt instruments through a low-cost and rule-based investment framework.
The SBI CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 Fund will primarily invest in a combination of Government Securities (G-Secs) and State Development Loans (SDLs), tracking the CRISIL-IBX benchmark index. Meanwhile, the SBI Nifty G-Sec Jul 2031 Index Fund will focus exclusively on Government Securities forming part of the Nifty G-Sec July 2031 Index, providing pure sovereign debt exposure.
Speaking on the launch, Nand Kishore said that in the current investment environment, investors are increasingly looking for predictability and transparency in fixed-income products, making target-maturity and G-sec-based strategies an important component of portfolio allocation.
D P Singh stated that the two new schemes reinforce the company’s passive investment platform by offering disciplined and transparent fixed-income allocation through a simple index-based structure, especially for investors seeking clarity on investment duration.
Both schemes will invest 95% to 100% of their assets in constituents of their respective benchmark indices. The funds will be managed by Rajeev Radhakrishnan, CFA.
The minimum investment amount during the NFO period has been fixed at ₹5,000, while additional purchases can be made starting from ₹1,000. Investors will also have the option to invest through Systematic Investment Plans (SIPs) across multiple frequencies including daily, weekly, monthly, quarterly, semi-annual, and annual modes.
Although the schemes invest in sovereign-backed securities carrying relatively low credit risk, they remain exposed to higher interest-rate risk because of their fixed maturity structure. The fund house clarified that while the schemes aim to generate returns in line with their benchmark indices, returns are subject to tracking errors and are not guaranteed.
SBI Funds Management Limited is a joint venture between State Bank of India and Amundi, one of the world’s leading asset managers.
