Axis Mutual Fund launches 'Axis Nifty G-Sec September 2032 Index Fund
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one among 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 exit load is Nil.
Benchmarked against the NIFTY G-Sec September 2032 Index, the investment objective of the Axis NIFTY G-Sec September 2032 Index Fund is to provide investment returns corresponding to the total returns of the securities as represented by the NIFTY G-Sec September 2032 Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.
Investing in Government Securities (G-Sec):
Essentially, Government Securities or G-Secs are Central Government issued securities such as Treasury Bills, Floating Rate Bonds, Zero Coupon Bonds, Capital Indexed Bonds, etc. G-Secs are considered as one of the most liquid instruments traded in the Indian debt market.
Axis NIFTY G-Sec September 2032 Index Fund
The scheme would be allocating 95% to 100% of its portfolio to debt instruments comprising of the NIFTY G-Sec September 2032 Index and the remaining in Debt and Money Market instruments (Please refer to SID for detailed Asset Allocation & Investment Strategy and other scheme related features available at www.axismf.com). Furthermore, the Scheme will follow Buy and Hold investment strategy in which debt instruments of the respective index will be held till maturity unless sold for meeting redemptions/rebalancing.
Target maturity funds allow investors to access specific maturity buckets. The transparent nature of such a strategy provides investors a clear picture of the portfolio and the instrument mix. As a passive fund, the Axis NIFTY G-Sec September 2032 Index Fund aims to replicate a designated index created by reputed index providers. 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.
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