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News Axis Mutual Fund launches Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund
Sep 13, 2024
Mutual Fund
Axis Mutual Fund launches Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund
NFO period: 13th September - 23rd September, 2023
Highlights of the NFO:
- Scheme type - An open-ended Target Maturity Index Fund investing in constituents of CRISILIBX AAA NBFC Index - Jun 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 corresponds to the total returns of the securities as represented by the CRISIL-IBX AAA NBFC Index - Jun 2027, subject to tracking errors. 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 NBFC Index - Jun 2027, subject to tracking error.
- 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 NBFC Index - Jun 2027
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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