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Edelweiss Launches NIFTY PSU Bond Plus SDL Index Fund – 2026

11 March 2021
4 minutes

Edelweiss Mutual Fund is launching a new fund offer (NFO) for Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2026. The NFO opens on March 10, 2021 and closes on March 16, 2021. 

Investment Objective

It is an index fund that will invest your money in PSU ( Public Sector Undertakings) and SDL’s . It will track the Nifty PSU Bond Plus SDL Apr 2026 50:50 Index by investing your money in AAA rated PSU Bonds and SDLs ( State Development Loans) maturing on or before April 2026.

What Are Index Funds?

An index fund is a mutual fund that imitates the portfolio of an index. Index funds are not actively managed funds, thus incurs low expenses. They do not aim at outperforming the market, but instead to maintain uniformity. 

Asset Allocation Of The Fund

Investments Indicative Allocation (% to net assets) Risk Profile
Bonds issued by PSUs forming part of the bonds portion of Nifty PSU Bond Plus SDL Apr 2026 50:50 Index 95%-100% Low to Medium
State Development Loans (SDLs) forming part of the SDL portion of Nifty PSU Bond Plus SDL Apr 2026 50:50 Index 95%-100% Low to Medium
Money Market Instruments including cash and cash equivalents 0%-5% Low

*Money Market Instruments will include only treasury bills and government securities having a residual maturity up to one year, Tri-Party Repos and any other like instruments as specified by the Reserve Bank of India from time to time. 

Benchmark

According to the National Stock Exchange (NSE), the Nifty PSU Bond Plus SDL Apr 2026 50:50 Index will:

  • Measure the performance of a portfolio of AAA-rated bonds issued by government-owned entities and SDLs issued by states and union territories.
  • Maturing between November 01, 2025 to April 30, 2026.
  • The index will mature on April 30, 2026.
  • The proportion of investment into bonds and SDLs is equally divided i.e. 50% in each category

Fund Details

Scheme Name Edelweiss Nifty PSU Bond Plus SDL Index -2026
Type of scheme An open-ended target maturity Index Fund predominantly investing in the constituents of Nifty PSU Bond Plus SDL Apr 2026 50:50 Index
NFO Dates 10th March 2021 to 16th March 2021
Scheme Maturity Date April 30, 2026
Fund Managers Mr. Dhawal Dalal
Mr. Gautam Kaul
Minimum Amount for Application Minimum of Rs. 5,000/- and multiples of Re. 1/- thereafter
Minimum Additional Application Amount Minimum of Rs. 500/- and multiples of Re. 1/- thereafter.
Minimum Redemption Amount Rs. 500 and in multiples of Re. 1 thereafter. There will be no minimum redemption criterion for Unit based redemption.
Load Entry Load: Not Applicable

Exit Load: 0.15% up to 30 days of investment

Nil after 30 days of investment

Plans Regular Plan and Direct Plan
Options Each Plan will have:

(i) Growth Option and

(ii) Dividend Option

Minimum SIP Amount Rs 500 per month for a minimum of 12 instalments.

Date: Any date except last 3 days of the month

Fund Managers

Mr. Dhawal Dalal: Mr. Dalal has a work experience of almost 20 years in the investment management space. Mr. Dhawal joined Edelweiss AMC as Chief Investment Officer – Fixed Income in October 2016. Prior to this, he has worked with DSP BlackRock Investment Managers Pvt. Ltd. between 1998 and 2016 and a two-year stint at Merrill Lynch Investment Managers.

He is managing the following funds:

  • Edelweiss Money Market Fund
  •  Edelweiss Banking and PSU Debt Fund
  • Edelweiss Corporate Bond Fund
  • Edelweiss Government Securities Fund
  • Edelweiss Equity Savings Fund (Debt Portion)
  • Edelweiss Arbitrage Fund (Debt Portion)
  • BHARAT Bond ETF – 2023
  • BHARAT Bond ETF – 2030
  • BHARAT Bond FOF – 2023
  • BHARAT Bond FOF – 2030
  • BHARAT Bond ETF – 2025
  • BHARAT Bond ETF – 2031
  • BHARAT Bond FOF – 2025
  • BHARAT Bond FOF – 2031

Mr. Gautam Kaul: Mr Kaul has a work experience of over 15 years in the fixed income market which includes 11 years in the mutual fund industry. Prior to joining Edelweiss AMC, he has worked as a Fund Manager with IDBI Asset Management Limited and with Invesco Asset Management (India) Pvt. Ltd.

He is managing the following funds:

Fund Manager

  • Edelweiss Liquid Fund
  • Edelweiss Overnight Fund
  • Edelweiss Fixed Maturity Plan – Series 49
  • Edelweiss Fixed Maturity Plan – Series 55
  • Edelweiss Balanced Advantage Fund (Debt Portion)
  • Edelweiss Aggressive Hybrid Fund (Debt Portion)

Co-Fund Manager:

  • Edelweiss Corporate Bond Fund
  • Edelweiss Government Securities Fund
  • Edelweiss Banking & PSU Debt Fund
  • Edelweiss Money Market Fund
  • BHARAT Bond ETF – 2023
  • BHARAT Bond ETF – 2030
  • BHARAT Bond FOF – 2023
  • BHARAT Bond FOF – 2030
  • BHARAT Bond ETF – 2025
  • BHARAT Bond ETF – 2031
  • BHARAT Bond FOF – 2025
  • BHARAT Bond FOF – 2031

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

 

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