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Axis Mutual Fund has launched Axis Long Duration Fund, an open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years, a relatively high interest rate risk and a relatively low credit risk.
The scheme aims to generate optimal returns consistent with moderate levels of risk. The fund will track the NIFTY Long Duration Debt Index A – III. Devang Shah, Kaustubh Sule and Hardik Shah will manage this fund.
In a press release, Chandresh Nigam, MD & CEO, Axis MF said, “In the current macro environment, fixed income strategies have the potential to be an attractive option for investors, especially those who are in the middle of their career lifecycle and wish to plan for post-retirement.”
