The schemes include the SBI CRISIL-IBX Financial Services 3–6 Months Debt Index Fund and the SBI CRISIL-IBX Financial Services 9–12 Months Debt Index Fund. Both are open-ended index funds designed to track their respective CRISIL-IBX Financial Services debt indices.
The underlying indices comprise Commercial Papers (CPs), Certificates of Deposit (CDs), and corporate bond securities with residual maturities of 3–6 months and 9–12 months at the time of inclusion. The funds aim to replicate index performance, subject to tracking error, and do not assure or guarantee returns.
The schemes are structured to invest at least 95% and up to 100% of their assets in securities forming part of the respective indices. The remaining portion, up to 5%, may be allocated to debt and money market instruments, including government securities, treasury bills, call money, certificates of deposit, and other permitted instruments. Investments may also include tri-party repos and units of liquid mutual funds.
SBI Mutual Fund said the offerings are intended to provide index-based exposure to short-tenor financial services debt instruments through a passive investment framework.
The minimum application amount during the NFO is ₹5,000, with additional investments allowed in multiples of ₹1. Investors can also invest through Systematic Investment Plans (SIPs) with daily, weekly, monthly, quarterly, semi-annual, and annual options.
Both schemes will be managed by Rajeev Radhakrishnan, CIO – Fixed Income at SBI Funds Management Limited. He currently oversees multiple debt and hybrid fund strategies across the fund house.
The AMC noted that the schemes are designed for investors seeking exposure to short-duration debt instruments within the financial services segment through an index-linked approach.
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First Published: Apr 15, 2026 11:00 AM IST
