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

Mar 4, 2024

Mutual Fund

Axis Mutual Fund launches Axis CRISIL IBX SDL June 2034 Debt Index 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
Download - SID

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