Mutual fund houses get bullish on target maturity debt funds

Nine schemes in the offing; visibility over returns key investor attraction

Fund houses, such as Aditya Birla Sun Life Mutual Fund (MF), IDFC MF, Edelweiss MF, and Mirae Asset MF, have filed offer documents with the Securities and Exchange Board of India (Sebi) to launch target maturity index funds. In a scenario when interest rates are likely to go up, such debt-passive schemes can reduce volatility if held till maturity.
 
Aditya Birla Sun Life MF has filed offer documents for Aditya Birla Sun Life SDL Plus AAA PSU Bond April 2027 60:40 Index Fund and Aditya Birla Sun Life SDL Plus AAA PSU Bond April 2025 60:40 Index Fund.