NFO Tracker: Axis Mutual Fund launches NIFTY AAA Bond Financial Services – Mar 2028 Index Fund
Axis Mutual Fund has launched their new fund offer of 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 a moderate interest rate risk and a relatively low credit risk.
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The new fund offer or NFO of the scheme is open for subscription and will close on March 4.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-118600615»>The new fund will follow the Nifty AAA Financial Services Bond Mar 2028 Index benchmark and will be managed by Hardik Shah. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The fund does not have an exit load.
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.
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