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  5. SBI Mutual Fund launches two short-term debt index funds with low risk profiles. Details here

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SBI Mutual Fund launches two short-term debt index funds with low risk profiles. Details here

Upstox
By Upstox News Desk

2 min read | Updated on April 16, 2026, 09:51 IST

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SUMMARY

SBI Mutual Fund has launched two new open-ended constant maturity debt index funds tracking CRISIL-IBX Financial Services 3–6 Months and 9–12 Months indices. The NFO opens on April 15, 2026 and closes on April 20, 2026, with no entry or exit load.

SBI Mutual fund

SBI CRISIL-IBX Financial Services 3–6 Months Debt Index Fund is designed to offer relatively low interest rate risk and relatively low credit risk by investing in short-term debt instruments within the financial services sector. | Image: Shutterstock.

SBI Mutual Fund has introduced two new open-ended constant maturity index funds aimed at investors seeking relatively stable returns with controlled risk exposure in the debt segment. Both schemes track CRISIL-IBX Financial Services debt indices but differ in their maturity profiles.

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SBI CRISIL-IBX Financial Services 3–6 Months Debt Index Fund

The first scheme is the SBI CRISIL-IBX Financial Services 3–6 Months Debt Index Fund, which tracks the CRISIL-IBX Financial Services 3–6 Months Debt Index.

This fund is designed to offer relatively low interest rate risk and relatively low credit risk by investing in short-term debt instruments within the financial services sector. The New Fund Offer (NFO) opens for subscription on April 15, 2026 and closes on April 20, 2026.

The fund has no entry load or exit load, making it cost-efficient for investors at the time of entry and redemption. The minimum subscription amount is ₹5,000, and additional investments can be made in multiples of ₹1.

The scheme aims to generate returns that closely match the total returns of its underlying index, subject to tracking error. It will be benchmarked against the same CRISIL-IBX 3–6 Months Financial Services Debt Index and managed by Rajeev Radhakrishnan.

SBI CRISIL-IBX Financial Services 9–12 Months Debt Index Fund

The second offering is the SBI CRISIL-IBX Financial Services 9–12 Months Debt Index Fund, which tracks the CRISIL-IBX Financial Services 9–12 Months Debt Index. This fund has a slightly longer maturity profile while still maintaining a relatively low interest rate risk and low credit risk framework.

Like the shorter-duration fund, its NFO window runs from April 15, 2026 to April 20, 2026. It also carries zero entry and exit loads, with a minimum investment requirement of ₹5,000 and incremental investments allowed in multiples of ₹1.

This scheme will be benchmarked against the corresponding 9–12 months index and is also managed by Rajeev Radhakrishnan.

Both funds from SBI Mutual Fund aim to replicate their respective indices’ performance while minimising tracking error, providing investors with index-linked exposure to short-term debt instruments in the financial services space.
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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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