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PGIM India Mutual Fund has launched PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund, a predominantly G-Sec Index Fund.
The scheme aims to generate returns that correspond to the total returns of the securities as represented by the CRISIL IBX Gilt Index - April 2028. The weightage of the G-Sec securities and T-bills Securities in this index fund will be 98% and 2%, respectively.
In a press release, Puneet Pal, Head – Fixed Income, PGIM India MF said, “Given the aggressive and frontloaded rate hikes, major central banks including RBI have slowed the quantum of rate hikes. With inflation cooling off globally and locally, rates may also peak out consequently. G-Sec oriented mutual fund portfolios generally provide an additional spread over traditional deposits and are tax-efficient for investors looking to lock-in at the current elevated yield levels.”
