SBI Mutual Fund’s 2 Debt Index Fund NFOs Close Today, April 20, 2026

SBI Mutual Fund’s 2 newly launched index funds linked to financial services debt benchmarks are closing for subscription today, April 20, 2026. The schemes are part of the fund house’s passive debt offerings and track short-term CRISIL-IBX indices.

Both products are positioned within the debt fund category with defined duration profiles. The closure of the new fund offer marks the final opportunity for investors to enter at the initial offer stage.

Key Details of the New Fund Offer

The new fund offer for both index funds closes on April 20, 2026, as per the scheme details. SBI Mutual Fund has launched one fund tracking the CRISIL-IBX Financial Services 3-6 Months Debt Index and another tracking the CRISIL-IBX Financial Services 9-12 Months Debt Index.

Both schemes are structured as open-ended funds, allowing continuous purchases and redemptions after listing. However, today marks the last day for subscription under the new fund offer period.

Scheme Categories and Duration Exposure

The fund tracking the CRISIL-IBX Financial Services 3-6 Months Debt Index is classified as an ultra short duration debt fund. This categorisation reflects its exposure to debt instruments with relatively shorter remaining maturity.

The second scheme, which follows the CRISIL-IBX Financial Services 9-12 Months Debt Index, is positioned in the low duration debt category. This placement indicates marginally higher interest rate sensitivity compared to ultra short duration schemes due to longer maturity exposure.

Investment Features and Subscription Criteria

Both index funds allow investors to start with a minimum investment of ₹5,000. Growth as well as Income Distribution cum Capital Withdrawal options are available under each scheme.

Neither fund carries a lock-in period, providing flexibility in terms of holding duration. In addition, there is no exit load applicable, enabling investors to redeem units without additional cost after allotment.

Portfolio Strategy and Index Replication

The investment objective of both schemes is to replicate the performance of their respective CRISIL-IBX indices. Portfolios will be constructed using debt instruments issued by financial services companies, strictly in line with index composition.

The approach remains entirely passive, with no active security selection beyond what is required for index replication. The performance of both schemes will be subject to tracking error arising from expenses and operational factors.

Risk Profile and Riskometer Positioning

The riskometer for the CRISIL-IBX Financial Services 3-6 Months Index Fund is marked as low. This reflects the shorter maturity profile and relatively lower interest rate risk associated with ultra short duration instruments.

The CRISIL-IBX Financial Services 9-12 Months Index Fund carries a low to moderate risk classification. This rating indicates comparatively higher sensitivity to interest rate movements, given the longer maturity compared to the 3-6 months segment.

Read More: 7 Mutual Funds Adjust Exposure in 20 Midcap Stocks.

Conclusion

SBI Mutual Fund’s 2 financial services debt index funds are concluding their new fund offer today, April 20, 2026. The schemes provide passive exposure to short-term financial services debt through defined CRISIL-IBX benchmarks.

Both funds offer open-ended structures, low entry thresholds, and no exit load. With the subscription window closing today, the launch phase of these debt index funds comes to an end.

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.