Last Updated on February 17, 2023 at 6:47 pm
There are two types of debt-based passive funds in India. (1) Target Maturity Funds, which would buy and hold an index portfolio and hold it until maturity, thereby reducing interest rate risk at the time of withdrawal. The credit risk in funds is also relatively low as they typically invest in gilts and state development loans. For more information, refer to FAQ: Target Maturity Debt Mutual Funds.
(2) There are also open-ended passive debts. Most of them are ETFs, and to our knowledge, there is only one open-ended index fund – the recently launched Edelweiss Short Duration Index Fund. This is their list as of 17h Feb 2023.
List of debt index funds in India (open-ended)
- Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund
- ICICI Pru Nifty 10 yr Benchmark G-Sec ETF
- ICICI Pru Nifty 5 yr Benchmark G-SEC ETF
- ICICI Pru S&P BSE Liquid Rate ETF
- Kotak Nifty 1D Rate Liquid ETF
- LIC MF Nifty 8-13 yr G-Sec ETF
- Motilal Oswal Nifty 5 Year Benchmark G-Sec ETF
- Nippon India ETF Nifty 1D Rate Liquid BeES
- Nippon India ETF Nifty 5 yr Benchmark G-Sec
- Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt
- SBI Nifty 10 yr Benchmark G-Sec ETF
List of target maturity debt index funds in India
| Category | Scheme Name |
| Corporate Bond | Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund-Reg(G) |
| Corporate Bond | Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund-Reg(G) |
| Corporate Bond | Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU Apr 2026 Index Fund-Reg(G) |
| Corporate Bond | Aditya Birla SL CRISIL IBX AAA – Jun 2023 Index Fund-Reg(G) |
| Corporate Bond | Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund-Reg(G) |
| Corporate Bond | Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund-Reg(G) |
| Corporate Bond | Edelweiss CRISIL PSU Plus SDL 50:50 Oct 2025 Index Fund-Reg(G) |
| Corporate Bond | Edelweiss Nifty PSU Bond Plus SDL Apr 2026 50:50 Index Fund-Reg(G) |
| Corporate Bond | Edelweiss Nifty PSU Bond Plus SDL Apr 2027 50:50 Index Fund-Reg(G) |
| Corporate Bond | ICICI Pru Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund-Reg(G) |
| Corporate Bond | Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund-Reg(G) |
| Corporate Bond | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund-Reg(G) |
| Corporate Bond | Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index Fund-Reg(G) |
| Corporate Bond | Kotak Nifty SDL Plus AAA PSU Bond Jul 2033 60:40 Index Fund-Reg(G) |
| Corporate Bond | Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund-Reg(G) |
| Corporate Bond | Nippon India Nifty AAA CPSE Bond Plus SDL – Apr 2027 Maturity 60:40 Index Fund(G) |
| Corporate Bond | Nippon India Nifty AAA PSU Bond Plus SDL – Sep 2026 Maturity 50:50 Index Fund-Reg(G) |
| Corporate Bond | SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund-Reg(G) |
| Corporate Bond | Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund-Reg(G) |
| Debt | Aditya Birla SL Nifty G-Sec Jun 2027 ETF |
| Debt | Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF |
| Debt | BHARAT Bond ETF – April 2023 |
| Debt | BHARAT Bond ETF – April 2025 |
| Debt | BHARAT Bond ETF – April 2030 |
| Debt | BHARAT Bond ETF – April 2031 |
| Debt | BHARAT Bond ETF – April 2032 |
| Debt | BHARAT Bond ETF – April 2033 |
| Debt | Nippon India ETF Nifty CPSE Bond Plus SDL Sep 2024 50:50 |
| Debt | Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight |
| Gilt Fund with 10 year constant duration | Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL CRISIL IBX AAA Mar 2024 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL CRISIL IBX Gilt – April 2026 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL CRISIL IBX Gilt Apr 2029 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL Nifty SDL Apr 2027 Index Fund-Reg(G) |
| Short & Mid Term | Aditya Birla SL Nifty SDL Sep 2025 Index Fund-Reg(G) |
| Short & Mid Term | Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund-Reg(G) |
| Short & Mid Term | Axis CRISIL IBX 50:50 Gilt Plus SDL Sep 2027 Index Fund-Reg(G) |
| Short & Mid Term | Axis CRISIL IBX SDL May 2027 Index Fund-Reg(G) |
| Short & Mid Term | Axis Nifty SDL Sep 2026 Debt Index Fund-Reg(G) |
| Short & Mid Term | Baroda BNP Paribas NIFTY SDL December 2026 Index Fund-Reg(G) |
| Short & Mid Term | DSP CRISIL SDL Plus G-Sec Apr 2033 50:50 Index Fund-Reg(G) |
| Short & Mid Term | DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund-Reg(G) |
| Short & Mid Term | DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund-Reg(G) |
| Short & Mid Term | Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund-Reg(G) |
| Short & Mid Term | Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Sep 2028 Index Fund-Reg(G) |
| Short & Mid Term | HDFC Nifty G-Sec Dec 2026 Index Fund-Reg(G) |
| Short & Mid Term | HDFC Nifty G-Sec Jul 2031 Index Fund-Reg(G) |
| Short & Mid Term | HDFC Nifty G-Sec Jun 2027 Index Fund-Reg(G) |
| Short & Mid Term | HDFC Nifty G-Sec Sep 2032 Index Fund-Reg(G) |
| Short & Mid Term | HDFC Nifty SDL Oct 2026 Index Fund-Reg(G) |
| Short & Mid Term | HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund-Reg(G) |
| Short & Mid Term | HSBC CRISIL IBX Gilt June 2027 Index Fund-Reg(G) |
| Short & Mid Term | ICICI Pru Nifty G-Sec Dec 2030 Index Fund-Reg(G) |
| Short & Mid Term | ICICI Pru Nifty SDL Dec 2028 Index Fund-Reg(G) |
| Short & Mid Term | ICICI Pru Nifty SDL Sep 2026 Index Fund-Reg(G) |
| Short & Mid Term | ICICI Pru Nifty SDL Sep 2027 Index Fund-Reg(G) |
| Short & Mid Term | IDFC CRISIL IBX 90:10 SDL Plus Gilt – April 2032 Index Fund-Reg(G) |
| Short & Mid Term | IDFC CRISIL IBX 90:10 SDL Plus Gilt – Nov 2026 Index Fund-Reg(G) |
| Short & Mid Term | IDFC CRISIL IBX 90:10 SDL Plus Gilt – Sep 2027 Index Fund-Reg(G) |
| Short & Mid Term | IDFC CRISIL IBX Gilt April 2026 Index Fund-Reg(G) |
| Short & Mid Term | IDFC CRISIL IBX Gilt April 2028 Index Fund-Reg(G) |
| Short & Mid Term | IDFC Crisil IBX Gilt April 2032 Index Fund-Reg(G) |
| Short & Mid Term | IDFC CRISIL IBX Gilt June 2027 Index Fund-Reg(G) |
| Short & Mid Term | Kotak Nifty SDL Jul 2026 Index Fund-Reg(G) |
| Short & Mid Term | Kotak Nifty SDL Jul 2033 Index Fund-Reg(G) |
| Short & Mid Term | Mirae Asset CRISIL IBX Gilt Index – April 2033 Index Fund-Reg(G) |
| Short & Mid Term | Mirae Asset Nifty SDL Jun 2027 Index Fund-Reg(G) |
| Short & Mid Term | Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund-Reg(G) |
| Short & Mid Term | Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund-Reg(G) |
| Short & Mid Term | Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund-Reg(G) |
| Short & Mid Term | Nippon India Nifty SDL Plus G-Sec – Jun 2029 Maturity 70:30 Index Fund-Reg(G) |
| Short & Mid Term | Nippon India Nifty SDL Plus G-Sec-Jun 2028 Maturity 70:30 Index Fund-Reg(G) |
| Short & Mid Term | PGIM India CRISIL IBX Gilt Index – Apr 2028 Fund-Reg(G) |
| Short & Mid Term | SBI CRISIL IBX Gilt Index – Apr 2029 Fund-Reg(G) |
| Short & Mid Term | SBI CRISIL IBX Gilt Index – June 2036 Fund-Reg(G) |
| Short & Mid Term | SBI CRISIL IBX SDL Index – Sep 2027 Fund-Reg(G) |
| Short & Mid Term | Tata CRISIL IBX Gilt Index – April 2026 Index Fund-Reg(G) |
| Short & Mid Term | Tata Nifty G-Sec Dec 2026 Index Fund-Reg(G) |
| Short & Mid Term | Tata Nifty G-Sec Dec 2029 Index Fund-Reg(G) |
| Short & Mid Term | UTI CRISIL SDL Maturity April 2033 Index Fund-Reg(G) |
| Short & Mid Term | UTI CRISIL SDL Maturity June 2027 Index Fund-Reg(G) |
| Short & Mid Term | UTI Nifty SDL Plus AAA PSU Bond Apr 2026 75:25 Index Fund-Reg(G) |
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