Axis MF launches Axis NIFTY AAA Bond Financial Services: Mar 2028 Index Fund

(An open-ended Target Maturity Index Fund investing in constituents of Nifty AAA Financial Services Bond Mar 2028 Index. A moderate interest rate risk and relatively low credit risk.)

Fund Snapshot: -

• Benchmark: Nifty AAA Financial Services Bond Mar 2028 Index


• Expected Scheme Maturity Date: 31^st March 2028


• NFO Date: 27^th Feb 2025 to 04^th Mar 2025


• Minimum Investment: Rs. 5,000 and in multiples of Rs. 1/- thereafter


• Fund Manager: Hardik Shah


• Exit Load: Nil

Mumbai | February 27, 2025: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund. It is an open-ended target maturity index fund investing in constituents of Nifty AAA Financial Services Bond Mar 2028 Index, a moderate interest rate risk and a relatively low credit risk. Managed by Hardik Shah (Fund Manager), the new fund will follow the Nifty AAA Financial Services Bond Mar 2028 Index benchmark. The minimum investment amount is Rs. 5,000/- and in multiples of Rs. 1/- thereafter. The fund does not have an exit load and the NFO period is from 27,sup>th Feb 2025 to 04^th Mar 2025.

AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund

The investment objective of the scheme is to provide investment returns before fees and expenses that closely correspond to the total returns of the securities as represented by the Nifty AAA Financial Services Bond Mar 2028 index, subject to tracking error/ tracking difference. There is no assurance that the investment objective of the Scheme will be achieved.

The scheme will allocate 95% to 100% of its underlying assets to fixed income instruments that replicate the index, with the remaining portion invested in debt and money market instruments to maintain liquidity. For detailed asset allocation and investment strategy, please refer to the SID.

The open-ended structure of the fund allows investors to utilize systematic investment and withdrawal facilities, providing flexibility to tailor their entry and exit according to individual objectives. This is a passively managed scheme, and the fund aims to implement a Buy and Hold strategy, where debt instruments within the Financial Services sector are held until maturity, unless sold to meet redemptions or for rebalancing purposes.

Commenting on the launch of the fund, Mr. B. Gopkumar, MD & CEO, Axis AMC said, “We are pleased to introduce the Axis Nifty AAA Bond Financial Services – Mar 2028 Index Fund, an important addition to our growing range of passive debt offerings. This new scheme provides investors with an opportunity to invest in a high-quality, AAA-rated portfolio focused on the Financial Services sector. With its target maturity structure, the fund aims to provide a predictable and stable investment avenue, ideal for those seeking to balance risk and return over the fund’s term. As we continue to innovate and expand our offerings, this launch reinforces our commitment to providing cost-effective investment solutions that cater to the diverse needs of our investors.”

Key Attributes of the Fund

• Index YTM: Tailored to offer a clear yield to maturity based on the underlying index, providing investors with a speculative return profile. Currently YTM of the Index is at 7.69% as on 25^th Feb, 2025.


• Low-Cost Passive Investment: A cost-efficient, hassle-free solution for investors seeking exposure to fixed income without the high fees associated with actively managed funds.


• High-Quality Portfolio: Focused on investing in AAA-rated assets, ensuring a high degree of protection and stability, with a small portion allocated for liquidity needs.


• Reduced Bias in Security Selection: Being a passively managed fund that replicates its benchmark, it ensures minimal bias in the selection of securities, maintaining transparency and consistency.


• Simple and Easy: A straightforward investment strategy focused on a target maturity portfolio within the Financial Services sector, offering clarity and simplicity to investors.

For more information, please visit www.axismf.com.

Source: Axis MF Research as on 25^th Feb 2025

Product Labelling: AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund (An open-ended Target Maturity Index Fund investing in constituents of Nifty AAA Financial Services Bond Mar 2028 Index. A moderate interest rate risk and relatively low credit risk)

AXIS Nifty AAA Bond Financial Services - Mar 2028 Index Fund is not a capital protection or guarantees returns scheme. Please refer to SID for detailed Investment Strategy and other scheme related features available at axismf.com

About Axis AMC: Axis AMC is one of India's fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds (https://www.axismf.com/), portfolio management services and alternative investments (https://www.axisamc.com/homepage).

Nifty Indices Disclaimer: The Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL"). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty AAA Financial Services Bond Mar 2028 Index, to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the Nifty AAA Financial Services Bond Mar 2028 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund or any data included therein and NSE INDICES LIMITED shall not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the The Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims, damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it.

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The material is prepared for general communication and should not be treated as research report. The data used in this material is obtained by Axis AMC from the sources which it considers reliable. The above should not be construed as an investment advice. Axis MF/AMC is not guaranteeing any returns on any investments.

While utmost care has been exercised while preparing this document, Axis AMC does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.