The IDFC Gilt 2027 Index Fund will mature on June 30, 2027, and the IDFC Gilt 2028 Index Fund will mature on April 05, 2028. IDFC Mutual Fund has launched two innovative fixed income open-end funds - the IDFC Gilt 2027 Index Fund and the IDFC Gilt 2028 Index Fund. These are maturity index funds that will invest in government securities and treasury billsthat constitute the CRISIL Gilt 2027 Index and Gilt 2028 Index respectively. Target Maturity Funds have a defined maturity date, unlike regular open-end mutual funds that remain open indefinitely. Upon maturity, the net asset valueof these funds will be paid back to unitholders. Additionally, IDFC's Gilt Index Funds will invest only in sovereign rated instruments - which are guaranteed by the Government of India - thereby reducin...
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