Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund NFO: All you need to know

5 Jan 2023 , 12:33 PM

Axis mutual fund has launched a new fund offer (NFO) under its “Index Fund category”, named as Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund. The open-ended index fund target maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028; a relatively high interest rate risk and relatively low credit risk. 

Investment strategy: The scheme aims to generate income over long-term at moderate level of risk. It will provide Investment Returns corresponding to the total returns of the securities as represented by CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028, subject to tracking errors.

Asset allocation: Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund will hold an allocation of 0% to 100% of its assets in debt instruments by G-Sec & state government securities will be held till maturity unless sold for meeting redemptions/rebalancing. The scheme will follow a buy and hold investment strategy. Debt instruments with relatively high interest rate risk and relatively low credit risk.

Who should invest?

Investors with moderate risk appetite seeking regular income, in the long run should invest in the fund. Investors can gain from indexation benefits and limited incidence of taxation at the time of withdrawal, as there is no application of entry or exit load, supporting emergency withdrawals.

Risk associated: Moderate level of risk.

Benchmark: CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028

Fund Managers: Mr Kaustubh Sule and Mr Hardik Shah.

The NFO is available for subscription from January 05, 2023 to January 16, 2023. 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 CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund.