Publish Date:
Axis Mutual Fund has launched an open-ended target maturity Index Fund - Axis AAA Bond Plus SDL ETF-2026 Maturity.
The scheme will be predominantly investing in the constituents of Nifty AAA Bond Plus SDL Apr 2026 50:50 Index.
The investment objective of the scheme is to replicate Nifty AAA Bond Plus SDL Apr 2026 50:50 Index by investing in bonds of issuers rated AAA and state development loans (SDL), subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Axis AAA Bond Plus SDL ETF-2026 Maturity is mandated to invest 95% to 100% of its net assets in Debt Instruments comprising of Nifty AAA Bond Plus SDL Apr 2026 50:50 Index. It can invest 0% to 5% of the net assets in Money Market instruments.
Axis AAA Bond Plus SDL ETF - 2026 Maturity is a passively managed exchange traded fund which will endeavor to track the Nifty AAA Bond Plus SDL Apr 2026 50:50 Index. Accordingly, the corpus of the Scheme will be invested in Debt Instruments comprising of Nifty AAA Bond Plus SDL Apr 2026 50:50 Index.
As mentioned in the Scheme Information Document (SID), the Scheme will follow Buy and Hold investment strategy in which debt instruments by AAA rated corporate borrowers & state development loans will be held till maturity unless sold for meeting redemptions/rebalancing.
In case of any change in the index due to corporate actions or change in the constituents of Nifty AAA Bond Plus SDL Apr 2026 50:50 Index, the relevant investment decision will be determined considering composition of Nifty AAA Bond Plus SDL Apr 2026 50:50 Index. The Scheme will also invest in Money Market Instruments.
Axis AAA Bond Plus SDL ETF-2026 Maturity’s performance will be benchmarked against Nifty AAA Bond Plus SDL Apr 2026 50:50 Index.
The fund will be managed by Mr Aditya Pagaria.
The NFO opens for subscription on April 23, 2021, and closes on May 07, 2021. The scheme will reopen for continuous sale and repurchase within five Business Days from the date of allotment.
The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.