Axis MF launches its target maturity index fund tracking performance of NBFC

Axis Mutual Fund has launched 'AXIS CRISIL-IBX AAA NBFC INDEX – JUN 2027 FUND', an open-ended target maturity index fund having maturity date of June 30, 2027.

The fund will track the performance of CRISIL-IBX AAA NBFC Index. The minimum investment amount to invest in the fund is Rs.5000.

In a press release, Gopkumar, MD and CEO, Axis AMC said, “AXIS CRISIL-IBX AAA NBFC INDEX – JUN 2027 FUND is the first NBFC sector-based target maturity mutual fund scheme in India. It gives an opportunity to investors to invest in a high-quality portfolio. Target maturity funds can be a viable option for investors seeking some degree of predictability. The newly launched scheme will be an important add on to Axis Mutual Fund’s portfolio of passive debt offerings.”