Axis Mutual Fund (MF) has launched the Axis AAA Bond Plus SDL ETF-2026 Maturity, an open-ended Target Maturity Exchange Traded Fund investing predominantly in constituents of Nifty AAA Bond Plus SDL Apr 2026 50:50 Index. The NFO opens for subscription on April 23, 2021, and closes on May 07, 2021. The Entry load and Exit Load nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereof.
The performance of the Scheme will be benchmarked with Nifty AAA Bond Plus SDL Apr 2026 50:50 Index and its fund manager is Aditya Pagaria.
The investment objective of the Scheme is to replicate Nifty AAA Bond Plus SDL Apr 2026 50:50 Index by investing in bonds of issuers rated AAA and state development loans (SDL), subject to tracking errors.