Dailymirror.newsMumbai ,February 27, 2025: Axis Mutual Fund, one of India’s fastest-growing fund houses, has announced the launch of its latest New Fund Offer (NFO) – AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund. This open-ended target maturity index fund will invest in the Nifty AAA Financial Services Bond Mar 2028 Index, offering investors a moderate interest rate risk and relatively low credit risk.

Fund Highlights:

  • Fund Type: Open-ended target maturity index fund
  • Benchmark: Nifty AAA Financial Services Bond Mar 2028 Index
  • Fund Manager: Hardik Shah
  • Minimum Investment: ₹5,000 (and in multiples of ₹1 thereafter)
  • Exit Load: Nil
  • NFO Period: February 27, 2025 – March 4, 2025

Investment Objective & Strategy

The primary aim of the fund is to generate returns that closely track the Nifty AAA Financial Services Bond Mar 2028 Index, subject to tracking error. While returns are not guaranteed, the fund follows a passive investment strategy by replicating the index’s composition.

Asset Allocation:

  • 95% – 100%: Fixed-income instruments aligned with the index
  • Remaining portion: Debt and money market instruments for liquidity management

The fund follows a Buy and Hold strategy, where securities are held until maturity unless sold for redemptions or rebalancing. The open-ended nature allows investors to invest systematically and withdraw flexibly based on their financial goals.

Key Features of AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund:

✅ Stable Returns – The fund is designed to provide a predictable investment avenue with exposure to high-quality AAA-rated bonds in the Financial Services sector.
✅ Low-Cost Investment – As a passive index fund, it offers a cost-effective way to invest in fixed income without high management fees.
✅ High-Quality Portfolio – Invests predominantly in AAA-rated bonds, ensuring stability and safety.
✅ Minimal Selection Bias – Securities are selected based on the index composition, ensuring transparency and consistency.
✅ Simple & Easy to Invest – A hassle-free investment strategy focusing on target maturity, making it ideal for investors seeking a structured fixed-income investment.

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Commenting on the launch, B. Gopkumar, MD & CEO, Axis AMC, stated:
“We are excited to introduce the AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund, a strategic addition to our passive debt portfolio. This fund offers investors access to a well-structured, high-quality, AAA-rated portfolio focused on the Financial Services sector. With a target maturity structure, it provides stability and predictable returns, making it an excellent option for investors seeking risk-adjusted returns over a fixed tenure. As we expand our investment solutions, this fund reaffirms our commitment to cost-effective and transparent investment options.”

Yield & Performance Expectations

  • The current yield-to-maturity (YTM) of the underlying index stands at 7.69% (as of February 25, 2025), offering investors a clear return profile.

For more details, visit: www.axismf.com

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Note: AXIS Nifty AAA Bond Financial Services – Mar 2028 Index Fund is not a capital protection or guaranteed returns scheme. Investors are advised to read the Scheme Information Document (SID) for detailed investment strategies and risks before investing.