ICICI Prudential MF, Aditya Birla Sun Life MF launch PSU bond funds

ICICI Prudential PSU Bond Plus SDL 40:60 Index Fund – September 2027, a Target Maturity Index scheme will invest in the constituents of Nifty PSU Bond Plus SDL Bond September 2027 40:60 Index.

On the other hand, Aditya Birla Sun Life Nifty SDL Plus PSU Bond September 2026 60:40 Index Fund is an open-ended scheme tracking the Nifty SDL Plus PSU Bond September 2026 60:40 Index.

While ICICI Pru’s scheme will run from 16-27 September, ABSL MF’s NFO will open on 15 September and close on 23 September.

Here are the details of both the funds:

ICICI Prudential PSU Bond Plus SDL 40:60 Index Fund

Nifty PSU Bonds Plus SDL Bonds September 2027 40:60 Index measures the performance of a portfolio of AAA-rated bonds issued by state-owned entities and state development loans (SDLs) maturing during the six-month period ending September 30, 2027. tries. The weighting of each issuer in the index is capped at 15%.

The minimum investment required during the NFO period is ₹1,000, and thereafter in multiples of Rs.

Speaking at the launch, Chintan Hariya, Head – Product Development, & Strategy, ICICI Prudential AMC said, “The Index is a target maturity open-ended fund that offers investors access to a portfolio of 8 PSU bonds issued by state-owned entities. Provides exposure. and 20 SDLs issued by the States/UTs. It is suitable for investors looking to invest in a fixed income instrument and for investors with a medium-term investment horizon commensurate with the maturity of the index.”

ABSL Nifty SDL Plus PSU Bond September 2026 60:40 Index Fund

With a diversified portfolio of AAA-rated PSU Bonds and SDLs maturing on or before the maturity of the scheme, the fund has a defined maturity date with a target maturity of 30 September 2026.

The portfolio index will comprise 60% of SDLs from the top 10 states/UTs and 40% of the top 10 AAA-rated PSU bonds, curated on the basis of credit quality and liquidity scores.

The scheme will consider holding the bond till its maturity to provide stable and predictable returns. Thereafter, there will be quarterly rebalancing and review of the index components.

a. Balasubramaniam, MD & CEO, Aditya Birla Sun Life AMC, said, “The passive loan product combines the simplicity of traditional savings instruments to predict returns, a quality portfolio of state government bonds and AAA-rated PSU bonds, target maturity periods and open-ended plans. of flexibility, better liquidity and tax benefits.”