Axis Mutual Fund launches a new Debt Index Fund

Axis CRISIL IBX SDL June 2034 Debt Index Fund (NFO) is an open-ended index fund launched by Axis Mutual Fund on March 4, 2024. Its objective is to track the CRISIL IBX SDL Index – June 2034, which means it aims to deliver returns similar to the index, before accounting for fund expenses. There is no assurance that the fund will achieve its objective. The minimum investment amount is Rs 5,000 and there is no entry or exit load.

Investment objective

The investment objective of the Axis CRISIL IBX SDL June 2034 Debt Index Fund 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.

Axis CRISIL IBX SDL June 2034 Debt Index Fund (NFO) is suitable for investors who are seeking income over the long term and investments in state government securities (SDLs) similar to the composition of CRISIL IBX SDL Index – June 2034, subject to tracking errors

Risk-o-meter: Axis CRISIL IBX SDL June 2034 Debt Index Fund – Moderate, Benchmark – Moderate.

Potential Risk Class: It’s a relatively high-interest rate risk and relatively low credit riskscheme(A – III).

Funds Allocation

Benchmark

Axis CRISIL IBX SDL June 2034 Debt Index Fund will benchmark against CRISIL IBX SDL Index – June 2034.

About the Index

CRISIL IBX SDL Index – June 2034 seeks to track the performance of SDL securities maturing between 01 July 2033 to 30 June 2034. The index shall mature on 30 June 2034.

Fund Managers

Hardik Shah, Age: 36 Years, Educational Qualification: MBA (Finance), B.E (IT), Total number of years of experience: 14 years

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.