Axis Mutual Fund has launched an index fund called ‘Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund’. This is an open-ended index fund that invests in constituents of CRISIL-IBX AAA Financial Services Index – Sep 2027, creating “moderate interest rate risk and relatively low credit risk.”
The new fund offer (NFO) opens for subscription from November 8 till November 21, 2024.
Details of the index fund
- Benchmark: CRISIL-IBX AAA Financial Services Index – Sep 2027
- Expected scheme maturity date: 30th Sep, 2027
- Minimum investment: ₹5,000 and in multiples of ₹1/- thereafter
- Fund manager: Aditya Pagaria
- Exit load: Nil
Benefits of investing in AXIS CRISIL-IBX AAA Financial Services – Sep 2027 Index Fund
- Axis MF says its new index fund is for investors looking for low-cost passive investment/ fixed income product.
- The index fund invests in high-quality, AAA-rated assets and those that provide adequate liquidity
- There is also less bias during the selection of security by the index fund as it replicates the CRISIL-IBX AAA Financial Services Index – Sep 2027
Also Read : Why NFOs are booming in 2024: Who gains the most and what to expect in 2025
First Published: Nov 7, 2024 2:08 PM IST
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