Axis Mutual Fund launches Axis CRISIL IBX SDL June 2034 Debt Index Fund

NFO period: 04^th March – 12^th March, 2024

Highlights of the NFO:

• Scheme type – An open-ended Target Maturity index fund investing in constituents of CRISIL IBX SDL Index – June 2034. A Relatively High Interest Rate Risk and Relatively Low Credit Risk


• Investment objective – 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 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.


• Product suitability – The product is suitable for investors who are seeking income over long term by investing in state government securities (SDLs) similar to the composition of CRISIL IBX SDL Index – June 2034, subject to tracking errors.


• 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).


• Fund Managers – Mr. Hardik Shah


• Benchmark – CRISIL IBX SDL Index – June 2034