The fund managers for the scheme are Kaustubh Sule and Hardik Shah. The minimum investment amount is Rs 5,000 and in multiples of Rs 1 thereafter and there is no applicable exit load.
The NFO will open on January 05 and close for subscription on January 16.
According to the press release, the investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028 before expenses, subject to tracking errors.
The scheme would be allocating 95% to 100% of its underlying securities in Debt Instruments comprising CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028 (in the same weightage as in the Index) and the remaining in Debt and Money Market instruments (only treasury bills and government securities having a residual maturity up to one year). 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 current yield curve presents material opportunities to the investor with a medium to long term investment horizon. As a fund house that believes in ‘responsible investing’, we believe that the Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund will be a notable add-on to the investor’s passive debt portfolio. As a passive fund, the product aims to replicate a designated index created by reputed index providers. Furthermore, the ‘held to maturity’ nature of target maturity strategies aims to minimize duration risk for investors who remain invested through the life of the fund,” said Chandresh Nigam, MD & CEO, Axis AMC.
