NFO Alert: Mirae Asset Mutual Fund Launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund

Mirae Asset Mutual Fund has opened subscriptions for its new debt scheme, the Mirae Asset CRISIL-IBX Financial Services 3-6 Months Debt Index Fund. The New Fund Offer (NFO) began on 12 November 2025 and will close on 18 November 2025. 

The fund’s initial Net Asset Value (NAV) is ₹10 per unit. The minimum investment amount is ₹5,000, and investors can start a Systematic Investment Plan (SIP) with ₹99.

Fund Structure and Category

The scheme belongs to the Debt asset class and falls under the Income Funds category. It is structured as a growth option plan. There is no exit load, which means investors can redeem units without incurring additional charges. The fund carries a low to moderate risk level as per the SEBI Risk-o-meter.

Investment Objective

The fund’s objective is to track the CRISIL-IBX Financial Services 3-6 Months Debt Index. It will invest in Commercial Papers (CPs), Certificates of Deposit (CDs), and Corporate Bonds issued by financial sector entities. 

These instruments will have maturities between three to six months. The scheme aims to generate returns that are in line with the performance of the underlying index before accounting for expenses and tracking errors.

Underlying Index and Approach

The underlying index represents short-term debt instruments from the financial services sector. By maintaining a short maturity profile, the fund will focus on low-duration securities to minimise interest rate fluctuations. However, there is no assurance that the investment objective will be achieved.

Fund Management and Administration

The scheme is managed by Basant Bafna under the Mirae Asset Mutual Fund. The fund house will be responsible for tracking the index’s performance and ensuring portfolio alignment within the 3-6 month maturity range.

Read More: First Month Milestone: SIF AUM Surpasses ₹2,000 Crore Mark in October 2025!

Conclusion

The Mirae Asset CRISIL-IBX Financial Services 3-6 Months Debt Index Fund provides exposure to short-term debt instruments within the financial services segment. It offers investors a low-risk option for short-duration investments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.