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Axis Mutual Fund has launched Axis NIFTY G-Sec September 2032 Index Fund, an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index.
Essentially, G-Secs are central government issued securities such as treasury bills, floating rate bonds, zero coupon bonds and capital indexed bonds.
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. The fund gives an opportunity to investors to invest in a high quality portfolio with minimal default risk.”
The NFO opens for subscription from March 06 to March 13, 2023.
