Axis Mutual Fund has announced the launch of their new fund offer – ‘Axis CPSE Plus SDL 2025 70:30 Debt Index Fund’. The new fund offers (NFO) opens for subscription from January 10 to January 20, 2022.
Minimum Investment is INR 5,000 and in multiples of INR 1/- thereafter.
Fund Manager: Devang Shah & Kaustubh Sule
As per an official statement by Axis MF, “It is a target maturity Index Fund whose benchmark maturity date is April 30, 2025. The new fund will track the CRISIL IBX 70:30 CPSE Plus SDL – April 2025 benchmark and the portfolio is specifically designed to invest predominantly in AAA rated Central Public Sector Undertakings and SOV-rated SDL securities.”
According to Axis MF, top features of the fund include
– The Opportunity: The three-year space has seen yields rise by over 100 bps
-Core Allocation: Ideal solution for investors looking to invest with a three-year investment horizon
-Portfolio mechanics: Low cost hassle-free solution for investors looking to build their core fixed income portfolio
-Simple and Easy: Target maturity and high quality portfolio coupled with the benefit of indexation
“The scheme seeks to provide returns that closely correspond to the total returns of the securities as represented by the underlying index. The CRISIL IBX 70:30 CPSE Plus SDL – April 2025 index contains 2 components as on the base date of index that are rebalanced every quarter,” the Axis Mutual Fund’s statement added.
On the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said, “As a fund house that is deeply entrenched in its philosophy of ‘responsible investing’ in quality assets, we aim at facilitating well-rounded solutions for investors. The launch of Axis CPSE Plus SDL 2025 70:30 Debt Index Fund’ aligns with our endeavor to strengthen our passive product suite over time. By offering investors an attractive debt strategy within the passive space, we want to introduce robust products that are relevant in the current context.”