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Axis Mutual Fund has launched Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund, an open-ended target maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – June 2028.
The scheme will follow buy and hold investment strategy in which debt instruments issued by central & state government will be held till maturity unless sold for meeting redemptions/rebalancing.
In a press release, Chandresh Nigam, MD & CEO, Axis MF said, “The current yield curve presents material opportunities to the investor with a medium to long term investment horizon. 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.”
