Axis Mutual Fund launches Axis CRISIL: IBX AAA Bond Financial Services: Sep 2027 Index Fund

NFO
Nov 8, 2024 by Advisorkhoj Team | NFO | 221 Downloaded

NFO period: 08th November – 21st November, 2024

Highlights of the NFO:

  • Scheme type – An open-ended Target Maturity Index Fund investing in constituents of CRISILIBX AAA Financial Services Index – Sep 2027. A moderate interest rate risk and relatively low credit risk

  • Investment objective – The investment objective of the scheme is to provide investment returns before fees and expenses that closely corresponding to the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index – Sep 2027, subject to tracking error/ tracking difference. There is no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – This product is suitable for investors who are seeking income over the target maturity period an open ended target maturity index fund tracking CRISILIBX AAA Financial Services Index – Sep 2027, subject to tracking error/tracking difference.

  • 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) Option.

  • Fund Managers – Mr. Aditya Pagaria

  • Benchmark – CRISIL-IBX AAA Financial Services Index – Sep 2027

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

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