Axis Mutual Fund launches Axis Nifty G Sec September 2032 Index Fund

(An open-ended Target Maturity Debt index fund investing in constituents of NIFTY G-Sec September 2032 Index. A Relatively High Interest Rate Risk and Relatively Low Credit Risk)

Fund Snapshot: -

• An open-ended Target Maturity Debt index fund investing in constituents of NIFTY G-Sec September 2032 Index. A Relatively High Interest Rate Risk and Relatively Low Credit Risk


• Benchmark: NIFTY G-Sec September 2032 Index


• Expected Scheme Maturity Date: 30^th September, 2032


• NFO Date: March 06 to March 13, 2023


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


• Fund Managers: Mr. Aditya Pagaria and Mr. Hardik Shah


• Exit Load: Nil

Mumbai, March 03, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis NIFTY G-Sec September 2032 Index Fund. It is an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index. Aditya Pagaria and Hardik Shah would be managing the newly launched fund and the minimum investment amount is Rs. 5,000/- and in multiples of Rs. 1/- thereafter. The exit load is Nil.

Benchmarked against the NIFTY G-Sec September 2032 Index, the investment objective of the Axis NIFTY G-Sec September 2032 Index Fund is to provide investment returns corresponding to the total returns of the securities as represented by the NIFTY G-Sec September 2032 Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

Investing in Government Securities (G-Sec):

Essentially, Government Securities or G-Secs are Central Government issued securities such as Treasury Bills, Floating Rate Bonds, Zero Coupon Bonds, Capital Indexed Bonds, etc. G-Secs are considered as one of the most liquid instruments traded in the Indian debt market.

Axis NIFTY G-Sec September 2032 Index Fund

The scheme would be allocating 95% to 100% of its portfolio to debt instruments comprising of the NIFTY G-Sec September 2032 Index and the remaining in Debt and Money Market instruments (Please refer to SID for detailed Asset Allocation & Investment Strategyand other scheme related features available at www.axismf.com). Furthermore, the Scheme will follow Buy and Hold investment strategy in which debt instruments of the respective index will be held till maturity unless sold for meeting redemptions/rebalancing.

Target maturity funds allow investors to access specific maturity buckets. The transparent nature of such a strategy provides investors a clear picture of the portfolio and the instrument mix. As a passive fund, the Axis NIFTY G-Sec September 2032 Index Fund aims to replicate a designated index created by reputed index providers. 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.

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 NIFTY G-Sec September 2032 Index, there is no bias in security selection


• Simple and Easy: Target maturity and high quality G-Sec 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 NIFTY G-Sec September 2032 Index Fund gives an opportunity to investors to invest in a high quality portfolio with minimal default risk. The newly launched scheme will be an important add on to Axis Mutual Fund’s portfolio of passive debt offerings”

The new fund offers (NFO) opens for subscription from March 06 to March 13, 2023.

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

Source: Axis MF Research as on February 24, 2023

Product Labelling and Riskometer:

Axis Nifty G-Sec September 2032 Index Fund

(An open-ended Target Maturity Debt index fund investing in constituents of NIFTY G-Sec September 2032 Index. A Relatively High Interest Rate Risk && Relatively Low Credit Risk)

*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 NIFTY G-Sec September 2032 Index Fundis 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 Limited Disclaimer: The Axis NIFTY G-Sec September 2032 Index Fund (Products) are 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 G-Sec September 2032 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 G-Sec September 2032 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 G-Sec September 2032 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 NIFTY G-Sec September 2032 Index 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 NIFTY G-Sec September 2032 Index 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. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

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.

Past performance may or may not be sustained in the future.

Stock(s) / Issuer(s)/ Top stocks mentioned above are for illustration purpose and should not be construed as recommendation.

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.