Axis MF introduces CRISIL SDL 2027 Debt Index Fund
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Axis Mutual Fund (MF) has launched Axis CRISIL SDL 2027 Debt Index Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX SDL Index- May 2027 with Relatively High Interest Rate Risk and Relatively Low Credit risk. The NFO opens for subscription on February 07, 2022 and closes on February 21, 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 Re 1 thereafter.
The performance of the Scheme will be benchmarked with CRISIL IBX SDL Index-May 2027 and its fund managers are Kaustubh Sule and Hardik Shah.
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 SDL Index – May 2027 before expenses, subject to tracking errors.
