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Axis MF introduces NIFTY G- Sec September 2032 Index Fund
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Axis Mutual Fund (MF) has launched Axis NIFTY G-Sec September 2032 Index Fund, an open-ended Target Maturity Debt index fund investing in constituents of NIFTY G-Sec September 2032 Index. A Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 06, 2023 and closes on March 13, 2023. 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 against NIFTY G-Sec September 2032 Index and its fund managers are Aditya Pagaria and Hardik Shah.
The investment objective of the scheme 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.
