Axis MF introduces Nifty AAA Bond Financial Services - Mar 2028 Index Fund
Axis Mutual Fund has launched Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty AAA Financial Services Bond Mar 2028 Index with moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on February 27, 2025 and closes on March 04, 2025. 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 Nifty AAA Financial Services Bond Mar 2028 Index and its fund manager is Hardik Shah.
The investment objective of the scheme is to provide investment returns before fees and expenses that closely correspond to the total returns of the securities as represented by the Nifty AAA Financial Services Bond Mar 2028 Index, subject to tracking error/ tracking difference.
