New NFO: This New Fund Offer (NFO) has opened for subscription today i.e. on 7th February and it will close on 21st February.
New NFO: There is constant volatility in the stock market, due to which investors are confused about investment. In such a situation, a new investment opportunity is going to open for you. Country’s leading asset management company Axis Mutual Fund has launched a new fund offer ‘Axis Crisil SDL 2027 Debt Index Fund’, which is a target maturity scheme with benchmark maturity of 31 May 2027. In this scheme, you can invest at least Rs 5,000 and then in multiples of Re 1 after that.
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The New Fund Offer (NFO) has opened for subscription today i.e. on February 7 and will close on February 21. The new scheme will track CRISIL IBX SDL Index – May 2027 and the portfolio is primarily designed to invest in a portfolio of State Development Loans (SDLs) maturing between 1 December 2026 and 31 May 2027, as per the asset management company Has gone. The index will be managed by CRISIL Index Ltd.
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According to the fund house, Axis CRISIL SDL 2027 Debt Index Fund’s target maturity structure, helps in optimal allocation, high quality passive portfolio and efficient taxation. The fund house says, “It is best suited for investors who are looking for long term investments. This scheme will provide market-linked returns to the investors.” CRISIL IBX SDL Index will be re-balanced every quarter. No exit load will be paid on this scheme and it will be managed by Hardik Shah and Kaustubh Sule.
SDL is a state government loan which is issued to meet budgetary expenditure and implement development projects. RBI manages this trading. Commenting on the launch, Chandresh Nigam, MD & CEO, Axis AMC said, “The launch of Axis CRISIL SDL 2027 Debt Index Fund is another step towards making the passive investment segment into an attractive proposition for investors.”
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