SBI Mutual Fund to launch three target maturity funds
These are passive debt funds that track an underlying bond index. Thus, the portfolio of such funds comprises bonds that are part of the underlying bond index, and these bonds have maturities hovering around the fund’s stated maturity. The bonds in the portfolio are held to maturity and all interest payments received during the holding period are reinvested in the fund.
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These are passive debt funds that track an underlying bond index. Thus, the portfolio of such funds comprises bonds that are part of the underlying bond index, and these bonds have maturities hovering around the fund’s stated maturity. The bonds in the portfolio are held to maturity and all interest payments received during the holding period are reinvested in the fund.
