Is your TMF nearing maturity? Here's what you should know

In the next one year, nearly 15 target-maturity funds (TMFs) and 14 fixed-maturity plans (FMPs) , having a combined asset base of Rs 35,000 crore, are expected to mature. Of these 29 funds, 12 will mature over the next six months. While TMFs constitute the bulk of this amount, FMPs form a smaller portion - roughly Rs 3,000 crore. But first, what are TMFs and FMPs? Target-maturity funds and fixed-maturity plans are debt mutual funds that invest in fixed-income instruments with a set maturity date. While TMFs are open-ended and track a bond index, FMPs are close-ended and can only be redeemed upon maturity. Though TMFs offer more transparency, both aim to deliver predictable returns if held till maturity. Big funds on the brink of maturity TMFs and FMPs with an AUM of over Rs 500 crore that will mature in the next one year Fund name Category AUM (Rs crore) Maturity month (expected) BHARAT Bond ETF - April 2025 (Merger already announced) Target maturity 10,034 Apr 2025 Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Target maturity 7,734 Apr 2026 Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight Target maturity 5,251 Apr 2026 BHARAT Bond FOF - April 2025 (Merger already announced) Target maturity 4,117 Apr 2025