Sumary of Aditya Birla Sun Life to launch debt index fund: 5 things to know:
- Aditya Birla Sun Life Mutual Funds on Wednesday announced the launch of its Debt Index fund- Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund.
- The opened-ended scheme would be tracking Nifty SDL Plus PSU Bond Sep 2026 60:40 Index.
- Since it is an index fund its portfolio will seek to replicate the performance of Nifty SDL Plus PSU Bond Sep 2026 60:40 Index.
- The portfolio index will comprise of 60% SDLs of top 10 states/Union Territories and 40% of top 10 AAA rated PSU bonds curated on the basis of credit quality and liquidity scores.
- Subsequently, there will be a quarterly rebalancing and review of the index constituents.
- This index fund marks Aditya Birla Sun Life Mutual Fund’s foray into passive offerings in the fixed income space.