Several mutual funds, including Axis and HDFC, now offer constant maturity index funds tracking the CRISIL-IBX Financial Services 3-6 Month Debt Index, presenting an alternative to short-term bank deposits. These funds invest in short-term debt instruments issued by financial institutions, offering indicative yields of 6-6.4%, significantly higher than typical bank deposit rates.
​Several mutual funds, including Axis and HDFC, now offer constant maturity index funds tracking the CRISIL-IBX Financial Services 3-6 Month Debt Index, presenting an alternative to short-term bank deposits. These funds invest in short-term debt instruments issued by financial institutions, offering indicative yields of 6-6.4%, significantly higher than typical bank deposit rates. by Soban News (international And National News)
