ICICI Pru MF and Aditya Birla MF launch bond index funds

ICICI Pru NFO open between September 16-27, that of Aditya Birla Sun Life between September 15-23

ICICI Prudential Mutual Fund (MF) and Aditya Birla Sun Life MF have launched target maturity index schemes named 'ICICI Prudential PSU Bond plus SDL Sep 2027 40:60 Index Fund' and 'Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund.

As the name suggests, the ICICI Pru MF's scheme will track the Nifty PSU Bond Plus SDL Bond Sep 2027 40:60 Index, while Aditya Birla MF will track the Nifty SDL Plus PSU Bond Sep 2026 60:40 Index. Since both are index funds, their portfolios will replicate the performance of the two indices they are benchmarked to.

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