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Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund - Direct Plan - Bandhan Mutual Fund

An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 90:10 SDL plus Gilt Index – September 2027 with Relatively High Interest Rate Risk and Relatively Low Credit Risk

 

ETF/IndexInception Date:24/11/2022
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What is a CRISIL IBX SDL Index Fund?

The Credit Rating Information Services of India Limited (CRISIL) is the leading provider of debt and hybrid indices in India. Crisil provides ratings, advisory services, etc., to numerous companies and financial institutions. Mutual funds track an underlying CRISIL index based on the investment strategy. State Development Loans (SDLs) are bonds issued by the government to fund their fiscal deficit. SDL funds invest in these government-issued bonds.

Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund is a target maturity index fund that tracks the CRISIL IBX 90:10 SDL index. Additionally, the scheme invests in gilt securities. This CRISIL IBX SDL Index fund is mandated to invest at least 95% of its corpus in securities forming part of the underlying index. These securities have a relatively high interest rate risk and low credit risk and mature in September 2027. The scheme may invest up to 5% of its securities in cash and money market instruments.

This CRISIL IBX SDL index plus Gilt fund invests in government securities and consequently has a low-to-moderate level of risk. However, it is not a diversified investment which may increase the level of risk. Moreover, this scheme invests in securities with high-interest rate risk. The fund may be vulnerable to interest rate risk, tracking errors, and other market risks.

  • Min Investment 1,000
  • Min SIP Amount 100
  • Exit Load

    Nil

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Annualised Returns(as on 30th Jun, 2024)7.12%1yrN.A.3yrN.A.5yr
NAV 11.2425 as on 10/07/20241 Day Change: 0.00(0.04%)

Scheme is suitable for a minimum investment horizon of 2 years

Tier 1 Benchmark : CRISIL IBX 90:10 SDL plus Gilt Index – September 2027Alternate Benchmark : Crisil 10 Year GOI

Performance as on 28th June 2024

Scheme NamesCAGR Returns (%)Current value of Investment of 10,000
1 year3 year5 year10 year24/11/2022 Since inception1 year3 year5 year10 year24/11/2022 Since inception
Bandhan Crisil IBX 90:10 SDL Plus Gilt - September 2027 Index Fund - Regular Plan - Growth7.12N.A.N.A.N.A.7.3710,714N.A.N.A.N.A.11,201
7.56N.A.N.A.N.A.7.9010,758N.A.N.A.N.A.11,289
^ Tier 1 Benchmark   |   ^^ Alternate Benchmark   |   ^^^ Tier 2 Benchmark

This fund is managed by Mr. Gautam Kaul (w.e.f 17/11/2022) & Mr. Harshal Joshi (w.e.f 17/11/2022)

View fund performance of other funds managed by Mr. Gautam Kaul, Mr. Harshal Joshi

Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.

Taxation:

For taxation, please refer the link :  https://bit.ly/3spfzbo

Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund

(Scheme Risk-o-meter)

Investors understand that their principal will be at Low To Moderate Risk.

CRISIL IBX 90:10 SDL plus Gilt Index – September 2027

(Tier 1 Benchmark Risk-o-meter)

This product is suitable for investors who are seeking* :

  • Income over the target maturity period
  • Investment in constituents of CRISIL IBX 90:10 SDL plus Gilt Index – September 2027

 

Who Should Invest in a CRISIL IBX SDL Index Fund?

CRISIL IBX SDL Index funds are a moderately risky investment as they invest in State Development Loan bonds, treasury bills, and other government securities. This CRISIL Gilt index fund may be suitable for investors with a moderate risk appetite.

Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund is a target maturity scheme that may be suitable for investors with a fixed investment horizon, seeking to potentially earn income till September 2027.

This mutual fund is mandated to invest at least 95% of its corpus in SDLs forming a part of the SDL portion of the CRISIL IBX 90:10 SDL plus Gilt Index. Investors seeking investments in Gsecs and money market instruments with a fixed maturity (September 2027).

Bandhan CRISIL IBX 90:10 SDL Plus Gilt Index fund may not be suitable for investors seeking a diversified scheme as a majority of its corpus is invested in Gsecs.

Investors seeking to track the CRISIL IBX 90:10 SDL Plus Gilt Index and potentially benefit from its performance may be suitable for this scheme.

CRISIL IBX SDL MFs are a type of index scheme; as a passive investment, they may be suitable for investors seeking to integrate a passive investment strategy.

FAQs on CRISIL IBX SDL Plus Gilt Index Fund

How do CRISIL IBX 90:10 SDL Plus Gilt Index funds work?

CRISIL Gilt index funds invest in constituents of the CRISIL IBX 90:10 SDL Plus Gilt index. They aim to potentially generate income for the investor over the target maturity period.

Is Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 index fund risky?

Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 index fund is moderately risky. It invests predominantly in Gsecs and SDL bonds present in the CRISIL IBX 90:10 SDL index.

Can you withdraw money from Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index fund before the maturity date?

Yes, you can withdraw your investment before the maturity date. Bandhan CRISIL IBX 90:10 SDL Plus Gilt index fund is an open-ended scheme. However, investors must note that early withdrawal may increase the possibility of interest rate risk.

Does Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 index fund have a lock-in period?

No, Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund does not have a lock-in period. Although its maturity date is 30th September 2027, investors can withdraw from the fund at any time.

Is Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index fund suitable for wealth creation?

Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund aims to potentially generate income over the target maturity period. It does not aim to create wealth for the investor in the long run.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.