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  • Axis Mutual Fund launches Axis CRISIL IBX AAA Bond Financial Services Sep 2027 Index Fund

Nov 8, 2024

Mutual Fund

Axis Mutual Fund launches Axis CRISIL IBX AAA Bond Financial Services Sep 2027 Index Fund

NFO period: 08th November - 21st November, 2024

Highlights of the NFO:

  • Scheme type - An open-ended Target Maturity Index Fund investing in constituents of CRISILIBX AAA Financial Services Index - Sep 2027. A moderate interest rate risk and relatively low credit risk

  • Investment objective - The investment objective of the scheme is to provide investment returns before fees and expenses that closely corresponding to the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index - Sep 2027, subject to tracking error/ tracking difference. There is no assurance that the investment objective of the scheme will be achieved.

  • Product suitability - This product is suitable for investors who are seeking income over the target maturity period an open ended target maturity index fund tracking CRISILIBX AAA Financial Services Index - Sep 2027, subject to tracking error/tracking difference.

  • 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) Option.

  • Fund Managers - Mr. Aditya Pagaria

  • Benchmark - CRISIL-IBX AAA Financial Services Index - Sep 2027
Download - SID

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