New Delhi: Edelweiss Asset Management Limited Edelweiss on Wednesday announced the launch of its next Target Maturity Index Fund, Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2027. The passively managed index fund will invest in AAA-rated bonds of public sector units and state development loans (SDLs).
With a minimum investment amount of Rs 5,000, the fund’s stipulated maturity date will be 30 April 2027. On maturity, investors will get their investment income back. All fund proceeds will be invested in AAA CPSE instruments and state development loans.
Edelweiss Nifty PSU SDL Index Fund – 2027 will be open for subscription from 30 September to 8 October.
This open-ended Target Maturity Index Fund will primarily invest in the constituents of Nifty PSU Bonds Plus SDL April 2027 50:50 Index. The investment ratio of AAA PSU Bonds and SDLs will be divided equally and 50% weightage will be given to each.
“Our investors and partners have appreciated the simplicity, transparency, liquidity and low cost of our Fixed Income Passive Fund and we strive to deliver more in the future and continue our leadership position. Radhika Gupta, MD & CEO, Edelweiss Asset Management Limited said, “These traditional savings instruments provide safety, stability and diversification to the investment portfolio and suit the needs of many investors who invest in fixed deposits today.
According to the fund house, exposure to bonds or loans of a company will be capped at 15% of the corpus. Thereafter, there will be quarterly rebalancing and review of the index components.
In March, Edelweiss launched India’s first fixed income index fund – Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2026. The fund has assets under management of over Rs 3,000 crore in less than six months (as on September 24).
Edelweiss AMC manages approx. ₹40,000 crore in five target maturity funds, including Bharat Bond Exchange-Traded Fund (ETF).
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