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Axis Mutual Fund has launched Axis CRISIL IBX SDL June 2034 Debt Index Fund; an open-ended target maturity index fund investing in constituents of CRISIL IBX SDL Index – June 2034.
The scheme will follow buy and hold investment strategy in which debt instruments by state government will be held till maturity unless sold for meeting redemptions/rebalancing. The Scheme shall replicate the index completely.
In a press release, B. Gopkumar, MD & CEO, Axis AMC said, “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 SDL June 2034 Index Fund will be a notable add-on to the investor’s passive debt portfolio. The portfolio constituents are expected to have in aggregate, key characteristics of the underlying index in terms of maturity profile and type of securities. 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.”
