NFO Alert: SBI Mutual Fund Introduces 2 Target Maturity Debt Index Funds: CRISIL-IBX 10:90 Gilt + SDL Index 2029 and Nifty G-Sec Index 2031

SBI Mutual Fund has unveiled 2 new target maturity debt index funds, aimed at providing investors with predictable fixed income exposure.  

These funds offer strategic investment opportunities in government securities (G-Secs) and State Development Loans (SDLs). 

SBI CRISIL-IBX 10:90 Gilt + SDL Index 2029 Fund 

Launched as an open-ended target maturity index fund, the SBI CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 Fund primarily focuses on investments in the CRISIL-IBX 10:90 Gilt + SDL Index.  

The fund carries relatively high-interest rate risk but low credit risk. Targeting a maturity date of December 2029, this fund is designed for those seeking clarity and duration in their fixed-income allocations. 

The launch window for this new fund offer (NFO) is between May 14 and May 19. Investors are required to make a minimum initial investment of ₹5,000. 

SBI Nifty G-Sec Index 2031 Fund 

The SBI Nifty G-Sec Jul 2031 Index Fund is another open-ended target maturity index fund from the SBI Mutual Fund. It predominantly invests in the Nifty G-Sec Jul 2031 Index.  

This fund provides pure exposure to G-Secs, ensuring clarity and transparent management. The fund aims to mirror the total returns of the underlying index, with tracking error as a potential variable. 

Target-Maturity Strategy 

Nand Kishore, the Managing Director & CEO of SBI Funds Management, highlighted, “In an environment where investors are increasingly seeking predictability, transparency, and high‑quality fixed‑income exposure, target‑maturity and G‑sec‑based index strategies can form an important part of fixed income portfolios.” 

With the introduction of these funds, SBI aims to broaden its offerings, providing low-cost, rule-based solutions linked to sovereign and quasi-sovereign instruments. 

Investor Considerations 

Both funds will invest between 95% and 100% of their assets in the respective indices, while the remaining balance may be allocated to debt, money market instruments, and cash.  

Prospective investors can initiate or augment their investment through various options, including Systematic Investment Plans (SIPs). Fund management will be overseen by Rajeev Radhakrishnan. 

Read More: Debt Mutual Funds Hit Record ₹2.47 Lakh Crore Inflows in April 2026! 

Conclusion 

SBI Mutual Fund’s introduction of the SBI CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 and SBI Nifty G-Sec Jul 2031 Index Fund marks a significant expansion of their passive fixed-income suite. These offerings present structured investment paths for those seeking to align with sovereign and quasi-sovereign debt instruments across specified maturities. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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. 

Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully.