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TMFs: Capture current high yields by staying invested till maturity

Select a fund with a longer duration to gain from possible rate cuts next year

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4 min read Last Updated : Dec 15 2023 | 10:27 PM IST

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Aditya Birla Sun Life (SL) Mutual Fund has launched the Aditya Birla SL Crisil IBX Gilt April 2033 Index Fund. The scheme’s new fund offer opened for subscription on December 15 and will close on December 21. It is an open-ended target maturity fund (TMF) that tracks the Crisil IBX Gilt Index–April 2033.

Says A Balasubramanian, managing director and chief executive officer (MD & CEO), Aditya Birla Sun Life Asset Management Company: “The fund has a 10-year portfolio maturity. With its longer duration, it offers investors the potential for enhanced accrual benefits and capital gains.”

This fund has a portfolio

Topics : Your money Personal Finance Guide to Personal Finance Aditya Birla Aditya Birla Sun Life AMC

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