Mumbai5 minutes ago
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Country’s leading mutual fund company ICICI Prudential Mutual Fund has launched PSU Bond Plus SDL 40-60 Index Fund. This new fund is open on 16 September and will close on 27 September. One can invest a minimum of Rs 1,000 in this fund.
This scheme will mature in 2027
It is a target maturity index scheme. Its maturity will be in 2027 September. The scheme will invest in Nifty 50 PSU Bonds plus SDL Index Bonds. The investment ratio will be on the lines of 40-60. That is, 40% of the total money will be invested in bonds of government companies and 60% in SDL. PSU means the bonds of government companies will be invested in it. Whereas SDL stands for State Development Loan.
The scheme will have 8 AAA rated PSU bonds
The scheme will have 8 AAA rated PSU bonds. This will be a diversified portfolio. It will have a portfolio of top 20 state loan developments. It is an open ended target maturity index fund. Investments in government companies and SDLs will be reviewed every quarter. In this regard, Chintan Hariya, Product Head, ICICI Prudential Mutual Fund said that this scheme will give an opportunity to investors to invest in bonds of 8 government companies and 20 SDLs.
SDL will be of State Government and Union Territories
SDLs will be of State Government and Union Territories. This is a good scheme for investors who want to invest in fixed income instruments. He said that this scheme is also good for those investors who have a medium term investment outlook with the maturity period of index funds. Investors can view this scheme as debt allocation in their portfolio. Talking about government bonds, there are Indian Railway Finance, Nuclear Power Corporation, Power Finance, Power Grid Corporation, NHPC Limited, NABARD and Exim Bank etc.
These states are in state loan development
State loan development includes states like Andhra Pradesh, Assam, Bihar, Chhattisgarh, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Gujarat, Haryana. Through this scheme, investors can invest in government companies. Investors can view it as an alternative traditional investment. AAA is considered the highest and best in the rating of companies. Liquidity is also good in this type of scheme. Liquidity means you can withdraw money whenever you want.