Axis Mutual Fund launches Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund

(An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027. Relatively High interest rate risk and Relatively Low Credit Risk)

Fund Snapshot: -

• An open-ended Target Maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027. Relatively High interest rate risk and Relatively Low Credit Risk


• Benchmark: CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027


• Expected Scheme Maturity Date: 30^th September, 2027


• NFO Date: February 08 to February 21, 2023


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


• Fund Managers: Aditya Pagaria and Sachin Jain


• Exit Load: Nil

Mumbai, February 07, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund. It is an open-ended target maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027; a relatively high interest rate risk and relatively low credit risk. The new fund will track the CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027. The fund will be managed byAditya Pagaria and Sachin Jain. The minimum investment amount is Rs. 5,000/- and in multiples of Rs. 1/- thereafter. The exit load is Nil.

Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund

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 50:50 Gilt Plus SDL Index – September 2027 before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

The scheme would be allocating 95% to 100% of its underlying securities in Debt Instruments comprising CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027 (Please refer to SID for detailed Asset Allocation & Investment Strategy) and the remaining in Debt and Money Market instruments (such astreasury bills and government securities having a residual maturity up to one year. Tri-Party Repos and any other like instruments as specified by the Reserve Bank of India from time to time).

The open ended nature of such a fund means that investors can use systematic investment and withdrawal facilities to tailor entry and exit in the fund to meet investor objectives. The Scheme will be a passively managed scheme by providing exposure to constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027 and tracking its performance and yield, before expenses. Furthermore, the Scheme will follow Buy and Hold investment strategy in which debt instruments by G-Sec & state government securities will be held till maturity unless sold for meeting redemptions/rebalancing.

Top features of the fund include:

• Potential Yields: As inflation comes within RBI’s tolerance band, the tightening stance of RBI policy seems to be nearing the end; thereby giving an opportunity to invest in this yield curve


• Low Cost Passive Investment: A hassle free solution for investors looking for a low cost fixed income product


• No Bias in Security Selection: As the fund is passively managed and invests in the constituents of CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index, there is no bias in security selection


• Simple and Easy: Target maturity and high quality G-Sec and SDL portfolio with the benefit of indexation

Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said,“The current yield curve presents material opportunities to the investor with a medium to long term investment horizon. Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index fund gives an opportunity to investors to invest in a high quality portfolio with minimal default risk. The ‘held to maturity’ nature of target maturity strategies aims to minimize duration risk for investors who remain invested through the life of the fund. The newly launched scheme will be an important add on to Axis Mutual Fund’s portfolio of passive debt offerings”

The new fund offer (NFO) opens for subscription from February 08 to February 21, 2023.

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

Source: Axis MF Research as on January 27, 2023

Product Labelling:

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made)

Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 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).

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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.

Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

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