Types of debt funds
Long Duration Fund
Securities with Macaulay duration of the portfolio greater than 7 years
Credit Risk Fund
Minimum 65% investment in corporate bonds, only in AA and below rated corporate bonds
Gilt Fund with 10 year constant Duration
Minimum 80% in G-secs, such that the Macaulay duration of the portfolio is equal to 10 years
Dynamic Bond
Securities across duration
Banking and PSU Fund
Minimum 80% in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
Corporate Bond Fund
Minimum 80% investment in corporate bonds only in AA+ and above rated corporate bonds
Gilt Fund
Minimum 80% in G-secs, across maturity
Floater fund
Floater fund Minimum 65% in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)