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Axis Mutual Fund has launched Axis Nifty SDL September 2026 Debt Index Fund, an open-ended target maturity index fund investing in constituents of Nifty SDL Sep 2026 Index.
Currently, the underlying index has 15 State Development Loans (SDLs). SDLs are state government securities issued to meet budgetary expenses and implement development projects.
In a press release, Chandresh Nigam, MD & CEO, Axis MF said, “Investors can leverage the benefit of a consistent style (as index represents a defined set SDLs issued by state governments) and a relatively lower risk exposure (as the index fund offers a well-defined mix sovereign exposure by way of SDLs) in addition to lower expenses and market linked returns.”
