Axis Mutual Fund launches ‘Axis Nifty G-Sec September 2032 Index Fund’
Axis Mutual Fund, one of 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 Axis NIFTY G-Sec September 2032 Index Fund is a passive fund that will allocate 95% to 100% of its portfolio to debt instruments and the remaining in Debt and Money Market instruments. It will follow a Buy and Hold investment strategy, where debt instruments will be held till maturity unless sold for redemptions/rebalancing. Target maturity funds allow investors to access specific maturity buckets, and 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.
Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, of Axis AMC said,“ The newly launched scheme will be an important add-on to Axis Mutual Fund’s portfolio of passive debt offerings”
