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Axis Mutual Fund launches Axis CRISIL IBX SDL June 2034 Debt Index Fund

by News Team | Mutual Fund

NFO period: 04th March – 12th March, 2024

Highlights of the NFO:

  • Scheme type – An open-ended Target Maturity index fund investing in constituents of CRISIL IBX SDL Index – June 2034. A Relatively High Interest Rate Risk and Relatively Low Credit Risk

  • Investment objective – The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX SDL Index – June 2034 before expenses, subject to tracking errors. However, there can be no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking income over long term by investing in state government securities (SDLs) similar to the composition of CRISIL IBX SDL Index – June 2034, subject to tracking errors.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility).

  • Fund Managers – Mr. Hardik Shah

  • Benchmark – CRISIL IBX SDL Index – June 2034

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)