Axis Mutual Fund (MF) has launched Axis Nifty SDL September 2026 Debt Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty SDL Sep 2026 Index with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on November 04, 2022 and closes on November 16, 2022. The Entry load is not applicable for the scheme. An Exit load of 0.25% is payable, if redeemed / switched-out within 7 Days from the date of allotment and nil, if redeemed / switched-out after 7 days of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme would be benchmarked against Nifty SDL Sep 2026 Index and its fund manager is Aditya Pagaria.
The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Sep 2026 Index before expenses, subject to tracking errors.