- Long-term investors seeking fixed income tend to prefer earning known returns that can fund their long-term income needs.

- Target maturity funds, a passive debt mutual fund, present a solution here. These are debt index funds that seek to replicate the portfolio of an underlying index by investing in a basket of debt securities found in the index, all of which have a defined and known maturity date.

- Owing to this investment strategy, these funds can earn predictable returns, within a defined time frame. Moreover, these funds tend to be open-ended, ensuring high liquidity for investors.

- Aditya Birla Sun Life CRISIL IBX SDL Jun 2032 Index Fund is a target maturity fund that invests in a portfolio of SDLs comprised in the underlying index. SDLs are high quality debt instruments with quasi sovereign rating. These instruments offer low credit risk coupled with the predictability of returns and low investing costs that come with target maturity based passive investing.

- This fund is a good means to capitalise on current high interest rates and lock them in for a long-term duration .

- The fund is suited for a long term, up to the maturity date of June 30, 2032.