Axis NIFTY G- Sec September 2032 Index Fund NFO: Everything you need to know

11 Mar 2023 , 02:57 PM

Axis Mutual Fund is launching NFO under its “Debt category- G-Sec”, named as Axis NIFTY G- Sec September 2032 Index Fund. This open-ended fund will invest predominantly in constituents of NIFTY G-Sec September 2032 Index with Relatively High Interest Rate Risk and Relatively Low Credit Risk.

Investment strategy: The scheme aims for seeking income over long-term by passively managed index fund which will employ an investment approach designed to track the performance of NIFTY G-Sec September 2032 Index. 

Asset allocation: Axis NIFTY G- Sec September 2032 Index Fund seeks to provide income over long term by investing in Debt Instruments comprising NIFTY G-Sec September 2032 Index and money market instruments.

Who should invest?

Investors with moderate risk appetite seeking for income over the long-term should invest in the fund to get the return from NIFTY G-Sec September 2032 Index.

Risk associated: Moderate level of risk.

Benchmark: NIFTY G- Sec September 2032 Index.

Fund Managers: Mr. Aditya Pagaria and Mr. Hardik Shah.

The NFO is available for subscription from March 06 to March 13. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Axis NIFTY G- Sec September 2032 Index Fund.