The New Fund Offer is open and will close for subscription on February 21.
The scheme will be managed by Aditya Pagaria & Sachin Jain.
The performance of the scheme will be benchmarked against CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027. As a function of the underlying investments of the scheme, the maturity of the scheme is expected to be September 30, 2027 (“Maturity Date”) from the date of allotment.
The investment objective of the scheme is to provide returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027 before expenses, subject to tracking errors.
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund is a passively-managed index fund which will employ an investment approach designed to track the performance of CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027. The scheme will follow a buy and hold investment strategy in which debt instruments by G-Sec & state government securities will be held till maturity unless sold for meeting redemptions/rebalancing.
The minimum subscription amount is Rs 5,000 and in multiples of 1 thereafter.The scheme will have two plans: regular and direct. Each plan offers growth option and income distribution cum capital withdrawal (IDCW) option. The Scheme would invest in securities comprising the CRISIL IBX 50:50 Gilt Plus SDL Index – September 2027 in the same proportion (weightage) as in the Index and track the benchmark index. The scheme may also invest in money market instruments, in compliance with Regulations to meet liquidity requirements. The scheme will allocate 95-100 per cent of its underlying securities in debt instruments comprising the SDL September 2027 index and the remaining in debt and money market instruments such as treasury bills and government securities having a residual maturity up to one year.
