SBI Mutual Fund has announced the launch of two target-maturity debt index funds: the SBI CRISIL‐IBX 10:90 Gilt + SDL Index – Dec 2029 Fund and the SBI Nifty G‐Sec Jul 2031 Index Fund. The New Fund Offer (NFO) for both funds will be available from May 14 to May 19, allowing investors to enter with a minimum application amount of ₹5,000 (approximately $60 USD). These funds are designed to provide predictable and transparent fixed-income exposure, focusing on government securities and state development loans. Nand Kishore, MD & CEO of SBI Funds Management, emphasized the importance of these funds in offering low-cost, rule-based investment options that cater to investors seeking duration clarity. The SBI CRISIL‐IBX 10:90 Gilt + SDL Index Fund will invest 95% to 100% of its assets in securities from the CRISIL-IBX 10:90 Gilt + SDL Index, while the SBI Nifty G‐Sec Jul 2031 Index Fund will primarily invest in the Nifty G-Sec Jul 2031 Index. Both funds allow for additional investments and SIPs, making them accessible for various investor profiles.