Axis MF introduces CPSE Plus SDL 2025 70:30 Debt Index Fund
Axis Mutual Fund (MF) has launched the Axis CPSE Plus SDL 2025 70:30 Debt Index Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 70:30 CPSE Plus SDL-April 2025 with a moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on January 10, 2022 and closes on January 20, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked to the performance to CRISIL IBX 70:30 CPSE Plus SDL-April 2025 and its fund managers are Devang Shah and Kaustubh Sule.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL IBX 70:30 CPSE Plus SDL-April 2025 before expenses, subject to tracking errors.
