Axis Mutual Fund announced the launch of their New Fund Offer – Axis NIFTY G-Sec September 2032 Index Fund. It is an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index.
The investment objective of this fund is to provide investment returns corresponding to the total returns of the securities as represented by the NIFTY G-Sec September 2032 Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.
Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, of Axis AMC said, “The current yield curve presents material opportunities to the investor with a medium to the long term investment horizon. Axis NIFTY G-Sec September 2032 Index Fund gives an opportunity to investors to invest in a high-quality portfolio with minimal default risk. The newly launched scheme will be an important add-on to Axis Mutual Fund’s portfolio of passive debt offerings”