Axis Mutual Fund introduces CRISIL IBX SDL June 2034 Debt Index Fund
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Axis Mutual Fund (MF) has launched Axis CRISIL IBX SDL June 2034 Debt Index Fund, an open-ended Target Maturity index fund investing in constituents of CRISIL IBX SDL Index - June 2034 with a Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 04, 2024 and closes on March 12, 2024. 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 CRISIL IBX SDL Index - June 2034 and its fund manager is 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 CRISIL IBX SDL Index - June 2034 before expenses, subject to tracking errors.
