Axis Mutual Fund has announced the launch of their new fund offer Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund. It is an open-ended target maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028. The minimum investment amount is Rs. 5,000 and in multiples of Rs. 1/- thereafter and there is no applicable exit load.
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 – June. 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.
The Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index fund offers an ideal investment opportunity for investors looking to lock inrates over the 5-year investment opportunity. Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said, “We believe that the Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund will be a notable add-on to the investor’s passive debt portfolio.” The new fund offers (NFO) opens for subscription from January 05, 2023 to January 16, 2023, and it will mature on 30th June, 2028.
