Explained on 26 October 2026. This is an educational answer drawn from the dated article below; examples are hypothetical unless a specific source observation is identified.
How it works
The October review separately lists three-month and six-month CD and CP sleeves. Replacing one component’s name with a broad “cash” label hides both instrument and maturity differences. The actual scheme can also differ from the benchmark, so review its own issuer and instrument disclosures before inferring exposure.
A simple example
In Nifty Ultra Short Duration Debt Index A-I, the cited review increases the three-month CD sleeve while reducing six-month CDs. That is a specific benchmark-mix change, not proof that a particular debt scheme has made the same trades or that all credit risk disappears.
What to check
- Keep instrument and maturity labels together.
- Check issuer concentration and actual scheme holdings.
- Do not equate a short maturity with zero risk.
Read the full event and evidence
Nifty’s 30 October Debt Rebalance: A Fund Category Can Stay the Same While Its Benchmark Mix Changes explains the original event, its dates and the supporting documents. Event context: 23 October notice; effective 30 October 2026.