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ICICI Pru Nifty SDL Dec 2028 Index Fund(G)-Direct Plan
Univest 7 hrs ago·20 Sept 2026, 3:34 am
This is a new exchange-traded fund (ETF) that tracks the Nifty SDL Dec 2028 Index. SDL stands for State Development Loans, which are government bonds issued by Indian states. This fund invests exclusively in these state bonds maturing in December 2028. It is a direct plan, meaning it is bought and sold directly from the fund house without any intermediary commission.
For investors, this product offers a way to gain exposure to the credit risk of state governments. While these bonds are generally considered safe, they carry a slightly higher risk than central government securities. The fund provides a steady income stream through the interest payments on these bonds. It is a good option for investors looking for a fixed-income investment with a specific maturity date.
What to watch next is the yield offered by the fund compared to similar government bonds. Investors should also monitor the credit ratings of the states whose bonds are included in the index. The fund's performance will depend on the interest rate movements and the creditworthiness of the state governments.
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