Axis MF introduces CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund
Axis Mutual Fund has launched Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL-IBX AAA NBFC-HFC Index - Jun 2027 with moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on December 06, 2024 and closes on December 10, 2024. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked at CRISIL-IBX AAA NBFC-HFC Index – Jun 2027 and its fund manager is Aditya Pagaria.
The investment objective of the scheme is to provide investment returns before fees and expenses that closely corresponds to the total returns of the securities as represented by the CRISIL- IBX AAA NBFC-HFC Index – Jun 2027, subject to tracking error.
