Axis Mutual Fund files offers document for Crisil SDL 2027 Debt Index Fund
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Axis Mutual Fund has filed offer document with SEBI to launch an open ended target maturity index fund named ‘Axis Crisil SDL 2027 Debt Index Fund'. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked with CRISIL IBX SDL-May 2027. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
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 - May 2027 before expenses, subject to tracking error.
