Edelweiss Asset Management Limited, one of India’s fastest growing AMCs, today launched l their next target maturity index fund – Edelweiss NIFTY PSU Bond plus SDL Index Fund – 2027.
Passively managed, this index fund will invest in AAA-rated PSU Bonds as well as State Development Loans (SDL).
In March, Edelweiss AMC had launched India’s first fixed income Index Fund – Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2026 with a unique target maturity structure and successfully managed to reach landmark AUM of over Rs. 3,000 crore in less than 6 months.
This is followed by Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2027. The total AUM of Target Maturity Index Funds/ETFs managed by Edelweiss AMC is almost Rs. 40,000 crore as on 22nd September 2021**.
“After the successful foray into passive fixed income space with the launch of Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2026 in March-21, we are pleased to announce the second in a series – Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2027 fund. Our investors & partners have appreciated the simplicity, transparency, liquidity and low cost of our fixed income passive funds and we strive to deliver more in future and continue our leadership position. These traditional savings instruments provide safety, stability, and diversification in investment portfolio and suits need of many investors who today invest in Fixed Deposits,” commented Radhika Gupta, MD & CEO, Edelweiss Asset Management Limited.