Publish Date:
Axis Mutual Fund has launched – Axis Nifty SDL September 2026 Debt Index Fund
It is an open-ended Target Maturity Index Fund investing in constituents of Nifty SDL Sep 2026 Index; A Relatively High Interest Rate Risk and Relatively Low Credit Risk.
Accordingly, the investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Sep 2026 Index before expenses, subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Under normal circumstances, Axis Nifty SDL September 2026 Debt Index Fund will hold an allocation of 95% to 100% of its assets in Debt Instruments comprising Nifty SDL Sep 2026 Index and 0% to 5% in Debt & Money Market Instruments.
As per the Scheme Information Document, Axis Nifty SDL September 2026 Debt Index Fund Maturity is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty SDL Sep 2026 Index. The Scheme will follow Buy and Hold investment strategy in which the Scheme will invest in state government securities, which will be held till maturity unless sold for meeting redemptions/rebalancing.
The Scheme shall replicate the index completely. In case the Scheme is not able to replicate the index the Fund Manager may invest in other issuances within the limits specified and subject to conditions laid down by SEBI circular dated May 23, 2022 as amended from time to time. During normal circumstances, the Scheme’s exposure to money market instruments will be in line with the asset allocation table. However, in case of maturity of instruments in the Scheme portfolio, the reinvestment will be in line with the index methodology.
Axis Nifty SDL September 2026 Debt Index Fund’s performance will be benchmarked against Nifty SDL Sep 2026 Index.
The scheme will be managed by Mr Aditya Pagaria.
The NFO opens for subscription on November 04, 2022 and closes on November 16, 2022. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal (IDCW) option.