Axis Mutual Fund launches Axis Nifty AAA Bond Financial Services: Mar 2028 Index Fund

NFO period: 27^th February – 04^th March, 2025

Highlights of the NFO:

• Scheme type – 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


• Investment objective – 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.


• 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 Nifty AAA Financial Services Bond Mar 2028 Index, 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 – Direct Plan and Regular Plan having Growth and Income Distribution cum capital withdrawal (IDCW) option. Under the IDCW option, facility for Payout of Income Distribution cum capital withdrawal option (IDCW Payout), Reinvestment of Income Distribution cum capital withdrawal option (IDCW Re-investment).


• Fund Managers – Mr. Hardik Shah


• Benchmark – Nifty AAA Financial Services Bond Mar 2028 Index